Monday, 12 August 2019

AUDUSD Rate Outlook Clouded by Mixed RBA Rhetoric

AUDUSD struggles to hold its ground amid the threat of a US-China trade war, but there seems to be a rift within the RBA amid the recent batch of mixed comments.


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Weekly Trade Levels: US Dollar, EUR/USD, AUD/USD, Gold & Oil Prices

Webinar highlighting active trade setups we’re tracking into the start of the week. Here are the targets & invalidation levels that matter on the technical charts.


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Gold Prices Consolidate into Bull Flag as Rally Eyes Continuation Effort

While other asset classes don’t like increased volatility, precious metals tend to benefit as heightened uncertainty increases gold’s and silver’s safe haven appeal.


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US Dollar index, USD/CNH Price: Another Multi-year High in the Horizon?

Last week USD/CNH printed its highest level in nearly 10 years. Here are the key tech levels USD/CNH and US Dollar index traders may need to keep an eye on.


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Introduction to Pitchfork Analysis & Median Line Trading

Learn the basics of Andrew’s Pitchfork strategy and using Median lines in trading, including how to identify, construct and utiltize basic pitchforks and parallels.


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S&P 500: Traders Remain Net-Short

Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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Bitcoin: Traders remain Net-Long Suggesting that Trend may Soon Reverse Lower

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


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Argentinian Peso Collapses, JPY Soars, Hong Kong Protests Weaken Equities - US Market Open

US equity futures soften on rising political unrest in Hong Kong. USDARS soars as President Macri suffers huge setback, while Japanese Yen soars with USDJPY testing 105.00


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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD

Tomorrow brings US CPI numbers for the month of July and the focus will likely remain on the US Dollar.


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Weekly Trading Forecast: Dollar, Equities and Gold Still Dialed Into Trade Wars

There was a healthy mix of fundamental fuel this past week, but scheduled event risk and themes like systemic growth gave way to the more headline-worthy trade wars. That is likely to remain the case moving forward even if there are few opportunities for linear escalation of this systemic financial threat. While countries may not win from this fight, certain assets can.


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Weekly Technical Forecast: Will the Dow’s Rebound Last While Gold Extends its Incredible Run?

We are facing a conflict of headline-charged volatility against the seasonal assumptions of fading liquidity. The level of expected activity will play a critical role in what kind of moves we should expect from the key players in the FX, indices and commodity market. Can the Dow sustain its bounce if volatility remains high? Will gold continue its run to six year highs if it doesn't?


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GBPUSD, EURGBP Prices, Brexit and Market Risk - Webinar

Sterling (GBP) attempts to push higher Monday but the market is overshadowed by a growing political crisis in Hong Kong, taking risk off the table.


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MACD: The Moving Average Convergence Divergence Explained

The MACD is unique in that it serves as an oscillator as well as a crossover indicator. Learn how to implement the MACD to fit into your trading strategy.


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Dow Jones, S&P 500, and Nasdaq 100 Technical Analysis

The market received a bit of a lift the past few sessions, but is it sustainable or only a bounce before another drop?


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EUR/JPY, USD/JPY Price: Trading Lower - Potential Reversal Points and Levels

Last week EUR/JPY and USD/JPY resumed bearish price action. This week the pair’s performance could be similar to last week. However, special attention need to be paid at those technical levels and zones.


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GBP Bearish Bets Near Record, JPY Positions Flips Bullish - COT Report

Weekly changes in G10 FX positioning sees US Dollar longs scale back, while GBP shorts near record high and JPY flips to bullish for the first time since June 2018.


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Gold Price Prepares for Next Leg Higher, Silver Price Remains Supported

Gold continues to trade near its recent multi-year high and may re-test this peak in the near-term. Silver is looking supported.


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Sunday, 11 August 2019

Crude Oil Prices Look to US-China Trade War For Direction Cues

Crude oil prices managed an upswing amid reports of a Saudi output cut on Friday, but the US-China trade war is likely to remain the dominant catalyst.


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Gold Prices Vulnerable to Larger Pullback on RSI Sell Signal

Gold prices may face a larger pullback over the coming days as the Relative Strength Index (RSI) appears to be on the cusp of flashing a textbook sell signal.


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US Dollar May Rise Against Euro as Italian Political Risk Mounts

The US Dollar and Swiss Franc may rise against the Euro as Italian politics may temporarily steal the spotlight as the biggest political risk in Europe next to Brexit.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...