Tuesday, 20 August 2019

Neither Dollar Nor S&P 500 Fazed by Trump Remarks Recession May be Necessary

President Trump has graduated beyond the saying that ‘trade wars are good and easy to win’. Flirting with an unsteady market, he signaled Tuesday that to inflict pain on China, it may be worth weathering a ‘short’ US recession.


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Stocks in Australia Look To Jackson Hole To Decide Near-Term Path

Australia’s benchmark ASX 200 has held important support but upside progress has not been convincing as global equities wait for direction curs from the Jackson Hole symposium.


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AUDUSD Monthly Range on Radar Ahead of Fed Economic Symposium

The monthly opening range sits on the radar for AUDUSD as attention turns to the Kansas City Fed Economic Symposium in Jackson Hole, Wyoming.


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Gold Price Targets: XAU/USD Bulls on a Break– Technical Trade Outlook

Gold continues to ease back from a major resistance target with prices in consolidation just below. These are the levels that matter on the XAU/USD charts this week.


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Copper (HG) Price Weekly Forecast: May Rally Above the Weekly Resistance

Last week Copper stuck in a trendless move and since then the metal has been failing at the exact same level. Here is how Copper may perform this week


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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

All currencies are not the same; emerging market FX trades differently than developed market FX.


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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

All currencies are not the same; emerging market FX trades differently than developed market FX.


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GBP/USD Dips, EUR/USD Eyes Italian Politics, AUD/USD Bounces on RBA - US Market Open

GBP/USD breaks below 1.21 as the EU rebuffs UK PM Johnson’s letter, while EUR/USD braces itself for Italian political risks.


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Oil Price Outlook: WTI Crude Oil Re-Tests Trendline Resistance

Oil prices have spent the past two weeks recovering from a support test at a bit zone. But, with trendline resistance now in play, can sellers take control?


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Dollar and Japanese Yen Charts: USDJPY, EURJPY, GBPJPY & More

The U.S. Dollar may be headed higher in general, but that doesn’t look to be the case against JPY; other JPY pairs posting bearish formations.


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EUR/CHF Outlook: SNB Steps up Currency Intervention

Since EUR/CHF has broken below the 1.1000 handle, the Swiss National Bank has stepped up its currency intervention in order to curb the appreciation in the Swiss Franc


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Gold Price and Silver Outlook Remain Constructive So Far

Thus far since peaking last week precious metals have weakened a bit and may weaken some more near-term, but overall price action suggests it is only a pullback.


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USD/CAD Price: Canadian Dollar against USD – What Next After Correction?

Last Week USD/CAD corrected lower emphasizing buyer’s indecision at this stage. Here are the levels buyers need to consider to reignite paused uptrend momentum.


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US Dollar Price Outlook: Is the USD Rally Becoming Stretched?

The US dollar continues to push higher against a backdrop of upcoming rate cuts and a US President who is looking for even more monetary loosening than the Fed is expected to offer.


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Currency Volatility: Euro Potentially Under-pricing Italian Political Crisis

Italian politics will take center stage for the Euro with Prime Minister Conte set to face a no-confidence after he addresses the Senate from 1400BST.


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GBPUSD Price Outlook Fragile as Boris Johnson Heads to Europe

UK PM Boris Johnson is off to Europe for meetings with French President Emmanuel Macron and German Chancellor Angela Merkel with Sterling traders watching events closely.


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GBPUSD Rate Rebound in Focus as RSI Climbs from Oversold Territory

Recent price action in GBPUSD raises the scope for a larger correction as the Relative Strength Index (RSI) bounces back from oversold territory.


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Monday, 19 August 2019

Euro Braces for Italian Political Volatility: Snap Election Ahead?

Euro traders may get jittery if Prime Minister Guiseppe Conte’s address to the Italian Senate revives fears of political uncertainty and the prospect of a snap election.


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Crude Oil Prices Eye Chart Barrier as Markets Weigh Fed, ECB Policy

Crude oil prices have run into four-month chart resistance as markets await cues from July’s FOMC and ECB meeting minutes as well as the Jackson Hole symposium.


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Stocks Applaud New China Rate Framework With Modest Gains

Most Asia Pacific stocks were in the green, if only just in some cases, as investors mulled new Chinese lending policies which could open the way to more monetary easing


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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...