Sterling is poised to snap a four-week losing streak with price rebounding off downtrend support this week. Here are the levels that matter on the GBP/USD weekly chart.
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Friday, 16 August 2019
EURUSD Gains on German Deficit Report, US Consumer Sentiment Sinks
The US Consumer Sentiment Index printed a 7-month low as consumers worry about increased tariffs and trade war uncertainty. Meanwhile, reports out of Germany reveals willingness to run a fiscal deficit to bolster the economy if needed.
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Crude Oil Price Coils in Symmetrical Triangle - How Will it Impact USD/CAD?
USD/CAD prices may breakout to the topside if crude oil prices breakdown further from here.
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Bitcoin Price Outlook: BTC/USD Eyes a Test of the Monthly Support
This week Bitcoin has declined and tested two weeks low. Here are the levels BTC/USD sellers may need to consider to keep leading the price.
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OPEC Signals Bearish Crude Oil Outlook, GBP Corrects Higher - US Market Open
The Pound is once again firmer amid the corrective pullback in EUR/GBP, while OPEC signals bearish outlook for the oil market
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GBPUSD, EURJPY, Gold Price & More: Charts for Next Week
There are a few key technical developments to keep an eye on as we head towards a new week...
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Gold Price Outlook: XAU Pull Back to Fibonacci Support
Gold prices remain overbought on a long-term basis but have pulled back to a key area of short-term support. How aggressive will bulls remain to be?
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Most Volatile Currencies Next Week - Japanese Yen Volatility Highest Since Flash Crash
Fed in focus at Jackson Hole Symposium. Japanese Yen expected to be among the most volatile currencies with implied volatility highest since flash crash.
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Canadian Dollar Outlook: USD/CAD Price - Possible Reversal in the Horizon
At the end of July USD/CAD started an uptrend move. However, the pair may fall back to test last month low and here is how
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ECB and Fed Monetary Shifts Have Outsized Global Influence
There has been the broadest shift in global monetary policy direction in a decade, according to a new report by ratings agency Fitch, and further loosening is expected.
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US Dollar, Euro Technical Outlook: Poised for Larger Breakout
The Dollar is positioned for a big-picture breakout soon, likely higher, which means the Euro will finally make a move too, downside seen as probable…
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Canadian Dollar Outlook: CAD Weakness Ahead on Dovish BoC and Trade War Escalation
Bank of Canada potentially the next central bank to join the dovish camp in light of growing downside risks to the Canadian economy.
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GBP/USD Price Action Shrugs Off No-Deal Brexit Threats
GBP/USD remains above 1.2100 and is likely to remain there as the pair are on track to make a bullish streak of five higher lows this, despite increased Brexit rebellion noise.
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Thursday, 15 August 2019
EUR/USD Technical Analysis: Euro Down Trend Ready to Resume?
The Euro recoiled from resistance near 1.12 against the US Dollar, erasing most of August’s gains. Has the long-term downtrend resumed in earnest?
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US Dollar May Extend Gains vs Euro if Sentiment Data Sours
The US Dollar may rise against the Euro if University of Michigan sentiment reports sap confidence, driving demand for liquidity and subsequently pushing the Greenback higher.
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Asia Pacific Stocks Mixed As Wary Investors Eye US Bond Yields
Regional trade was short of an overarching theme as the week bowed out, but the Treasury market and next week’s Jackson Hole meeting were much in mind.
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US Dollar May Gain Versus Ringgit Despite Malaysia GDP Surprise
The US Dollar may resume its advance against MYR after Malaysian GDP surprised to the upside. The USD/MYR could rise down the road if trade war fears continue fueling haven demand.
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Gold Price Rise May Extend But Signs of Exhaustion Are Emerging
Gold prices may continue inching upward but technical cues pointing to ebbing momentum are warning of a possible pullback before the broader rise resumes.
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Gold Prices Are the Best Haven to Yield Curve-Based Recession Fears
The inverted US yield curve is only one point of concern in the state of global government bond yields. Recession risks are raising concerns over the state of global growth and financial stability. Where do we find safety moving forward?
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S&P 500 Outlook Steadies Despite Recession Fears, EURUSD Tumble Not a Data Move
Risk assets managed to pullback from the brink of self-reinforcing selling this past session, though the fundamental spark that set the tumble into motion in the first place – recession fears – was still prominently displayed.
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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 -...