Euro technical positioning is sending mixed signals yet again, but the long-term price trend still appears to point lower against the US Dollar.
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Thursday, 8 August 2019
Wednesday, 7 August 2019
EURUSD Rate Susceptible to Larger Correction on Dovish Fed Rhetoric
EURUSD extends the advance from the monthly-low (1.1027) as the growing threat of a US-China trade war fuels bets for an imminent Fed rate cut.
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US Dollar May Gain Vs. Euro After ECB Publishes Economic Bulletin
The US Dollar may extend gains against the Euro if the ECB’s Economic Bulletin publication spooks markets and sends investors into the open arms of the Greenback.
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Indian Rupee at Risk After RBI Cut, Kashmir Region Threat
The Indian Rupee looks vulnerable after an unexpectedly large RBI rate cut and a USD/INR break of 2018 resistance. India-Pakistan political tension over Kashmir may push INR lower, Yen higher.
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AUD/USD Downtrend in Focus Despite Stronger Chinese Trade Surplus
The Australian Dollar may be vulnerable despite a growth-supportive Chinese trade surplus. An escalation in US-China trade tensions risks resuming the AUD/USD dominant downtrend.
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Gold Price Surge Continues as Trade War Stokes Global Easing Bets
Gold prices continued to surge as markets bet that trade war escalation will sink global economic growth and push central banks to drive down interest rates.
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Traders Shift Weight from Elevated VIX to S&P 500 Trendline
Trade war headlines are starting to lose their drive over risk assets, and speculators are taking notice. Panic may return at any time but the buy-the-dip mentality seems difficult to shake.
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Crude Oil Price Forecast: Will OPEC Respond to the Bear Market?
The price of oil trades to a fresh monthly-low and it remains to be seen if OPEC and its allies will respond to the bear market amid the threat of a US-China trade war.
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S&P 500 Index Outlook Bleak on Trade War Despite Fed Rate Cuts
Will interest rate cuts from the Federal Reserve stave off downside risk faced by the S&P 500 Index from the ongoing US-China trade war?
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Oil Price Outlook: Crude Spills into Support – WTI Trade Levels
Oil prices plummeted more than 15% from the July highs with crude now threatening a break of the June lows. Here are the levels that matter on the WTI technical charts.
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Trading on Sentiment: Using IG Client Sentiment Data
Traders can make informed decisions based on retail traders’ positioning. Learn how to filter trades using IG Client Sentiment.
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Gold Price Outlook: XAU/USD Rips into 1500 - Breakout Trade Targets
Gold prices have surged nearly 7% off the August low with the breakout ripping through initial resistance targets. Here are the levels that matter on the XAU/USD charts.
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Silver Price Breakout Begins as US Treasury Yields Drop to Multi-year Lows
An environment defined by plummeting US Treasury yields and a weak US Dollar has historically been very bullish for silver prices.
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Turkish Lira Price: USD/TRY Possible Reversal at Multi Month Low
Since the end of July US Dollar has been losing value against Turkish Lira. Here is how USD/TRY may perform with the significant technical levels the pair’s traders may need to consider.
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Bond Market Flashing Warning Signal, Crude Oil in Bear Market - US Market Open
Oil prices have continued to weaken amid the broader market slowdown, while the US 2s10s yield curve edges closer to inversion. Chinese Yuan remains key to market sentiment.
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US Dollar Price Action Setups: EURUSD, GBPUSD, USDCAD, USDCHF
The Equity sell-off has calmed for now but a number of questions remain around global markets. The US Dollar is currently testing lower-high resistance.
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Dow Jones, DAX, Crude Oil, Gold Price Charts & More
Global stock markets are poised for a bounce, while crude oil looks headed lower and gold higher after a retracement.
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EURUSD Price Remains Fragile After German Industrial Production Slumps
The recent EURUSD uptick is being reversed after the latest official German industrial production data show output crashing to multi-year lows.
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USD/CHF, EUR/CHF Price: Risk Off Last Week - What is Next?
Last week EUR/CHF weakened and tested its lowest levels in over 2 years. USD/CHF was slightly better. Here is how both pairs may perform and the levels they could test.
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FTSE 100 Technical Outlook – Trading at Varying Degrees of Support
The FTSE's swift decline of recent has brought the index in for a test of the 200-day and a couple other forms of support levels.
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