The British Pound slipped lower on talk that the UK government is looking to suspend Parliament from mid-September (proroguing), limiting the time that Remainers have to stop a no-deal Brexit.
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Wednesday, 28 August 2019
Crude Oil Price Analysis: Oil Prices Lifted on Large Stock Decline
Brent crude futures lifted following yesterday’s large draw in API crude inventories, eyes on the DoE report later today.
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Crude Oil Prices May Struggle as Politics, Trade War Unsettle Markets
Crude oil prices rose despite a gloomy disposition across markets, but follow-through seems unlikely as political instability and trade wars unsettle investors.
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Tuesday, 27 August 2019
EURUSD Rate Rebound Unravels as ECB Officials See Scope for Action
EURUSD struggles to retain the rebound from the previous week as European Central Bank (ECB) officials show a greater willingness to further insulate the economy.
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Euro Eyes Italy Manufacturing Data, SEK May Fall on Retail Sales
The Euro and Swedish Krona may fall on poor Italian manufacturing data and Sweden’s retail sales figures, respectively. However, volatility may be curtailed by Thursday’s heavy data docket.
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Stocks Mostly Up Despite Recession Fears, Japan-Korea Rift Deepens
Some resilience was evident in Asia Pacific stock markets on Wednesday, but it probably shouldn’t be overplayed. Currency markets seemed less cheerful.
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S&P 500 Has Strong Range Hold Despite Elevated VIX and Yield Curve Headlines
The headlines were finally clear of trade war updates, but that didn’t mean fundamentals were fully off the menu. Yield curve inversion continues to build recession fear, but market conditions are tempering response – just in time to hold an SPX range.
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Euro May Extend Gains vs NOK and Aim to Re-Test 11-Year High
The Euro may rise vs the Norwegian Krone this week and push EURNOK to retest the 11-year high at 10.0972, a level not reached since the 2008 financial crash.
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Nikkei 225 Price Action at Month-End May be Crucial to Set Trend
The Nikkei 225 has been stuck in a wide band since the heavy falls of late July and early August. Retracement levels of this year’s rise seem to be defining the range now.
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Gold Price Forecast Remains Bullish as RSI Approaches Overbought Zone
The price of gold may continue to exhibit a bullish behavior as the Relative Strength Index (RSI) approaches overbought territory.
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Crude Oil Prices Foil Breakdown - USD/CAD Bearish Reversal Begins
Global growth concerns are easing now that the US-China trade war appears to be shifting gears. Commodity-sensitive currencies like the Canadian Dollar are rebounding.
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Lagging Indicators Defined and Explained
Lagging indicators are a great way to analyse financial markets. Read this article for more information!
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EUR/JPY, USD/JPY Price: How May Perform After Rallying Back to the Zone?
Yesterday, EUR/JPY and USD/JPY tested fresh new lows. Since then the price rallied with the sellers likely taking profits. Here is how both pairs may perform in the next few days.
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GBP/USD: Traders continue to remain net-long since May
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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EUR/USD: Retail data shows that 67% of traders are net-long
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian
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Bitcoin Price Correlations with Emerging Markets FX: USD/CNH, USD/ZAR in Control
USDZAR has the most significant 5-day correlation with bitcoin prices among EM FX, but USDCNH remains the most highly correlated over the past six months.
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GBP/USD Outperforms, Silver Prices Soar - US Market Open
The Pound has been among the best performers with GBP/USD approaching the 1.2300 handle. Silver outperforms gold as prices test $18.
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USDCAD Trading Bias Turns Bearish
USDCAD is running lower out of a wedge formation, breaking a multi-week-long bullish structure; more selling looks to be ahead.
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US Dollar Price Outlook: USD/CAD, EUR/USD, GBP/USD, AUD/USD
The US Dollar remains messy on a near-term state, but a recent turn in USD/CAD may open the door for bearish scenarios.
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Market Sentiment Poor But Chinks of Light Remain | Webinar
Measures of trader confidence suggest a “risk off” mood in the markets but there’s been no rush yet from riskier assets into safe havens.
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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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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...