Brent crude is back above $60/bbl. and sitting near an important technical support level that needs to hold if the market is to push higher.
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Wednesday, 14 August 2019
Tuesday, 13 August 2019
GBPUSD Rate Susceptible to Slowing UK Consumer Price Index (CPI)
Updates to the UK Consumer Price Index (CPI) may do little to curb the depreciation in GBPUSD as the headline reading is expected to narrow to 1.9% from 2.0% in June.
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EURUSD May Sink if German GDP Data Spooks Financial Markets
EURUSD may suffer if German GDP data shows that Europe’s largest economy contracted, boosting demand for liquidity amid market-wide uncertainty.
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Gold Prices Eye German GDP Data, Chart Setup Warns of Topping
Gold prices may find some lift in soft German GDP data, but technical positioning warns that a reversal downward may be brewing ahead.
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Asia Pacific Stocks Up On US Tariff Delays, Report Trade Talks Still On
There was plenty of green on regional screens despite ongoing tension in Hong Kong as trade hopes spurred tech exporter names on.
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US Dollar and Yen May Rise on Japan, South Korea Trade War
The US Dollar and Japanese Yen may extend gains if the trade war between Japan and South Korea boosts demand for liquidity, though KRW weakness may be stemmed by FX intervention.
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Dow and Yuan Rally, Yen and Gold Tumble as Trump Stirs Trade Wars Again
Finally, a rebound in risk assets this past session. The White House backed off on its most aggressive trade wars escalation to date Tuesday, but is this enough to alter the course of an unfavorable economic and financial tide?
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Australian Dollar Slides As Chinese Industrial, Retail Numbers Both Miss
There was no cheer for risk sensitive assets such as the Australian Dollar in a Chinese data dump which came up very short of expectations across the board.
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Crude Oil Prices Eye Monthly-High as US Delays China Tariffs
The price of oil extends the rebound from the monthly-low ($50.52) as the US delays the next tranche of China tariffs to December 15.
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Spot Gold: Net-Short Positions Increase by 16.5% from Last Week
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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US Dollar Price Outlook post-CPI: EUR/USD, USD/CAD and Gold
This morning brought inflation data out of the US and Core CPI remains strong. But, will this deter the Fed from future cuts?
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US CPI Increases in July, Core CPI Now 17 Months Above 2%
Core CPI continues to show a streak of stability, printing at its highest level since January and continuing above the Fed's 2% target.
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Swiss Franc Rises Despite SNB Intervention, US Yield Curve Nears Inversion - US Market Open
CHF on the front foot as risk off flows dominate, while higher than expected US inflation sees the US 2s10s curve near inversion.
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EURUSD, USDCAD, Gold Price Chart Analysis & More
The U.S. Dollar looks headed lower versus the Euro and Canadian Dollar , while gold presses up against major long-term resistance zone.
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EMA Trading | An EMA Strategy with Forex Trends
Trading with the EMA is useful for both beginner and experienced traders. This indicator incorporates a complete trading strategy perfect for trending markets
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DAX 30 & CAC 40 Technical Outlook Remains Weak
The German and French stock markets are not showing much life, puts them in position to break lower soon.
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator used by forex traders to identify trends. Learn how to use and interpret moving averages.
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USD/CAD price: USD May Fall against Canadian and This is Why
After printing its highest level in seven weeks USD/CAD buyers showed signs of indecsion. How USD/CAD could reverse its direction?
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EURUSD Price Under Pressure After EU/German Sentiment Crashes
The latest ZEW economic sentiment reading ‘points to a significant deterioration in the outlook for the German economy’. And the outlook for the EU is just as bad.
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Sterling (GBP) Ignores UK Labour/Wages Data, Focus Remains Brexit
Sterling (GBP) is little changed after slightly better-than-expected UK wages and Labour data as Brexit remains the driver of the British Pound.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...