Wednesday, 28 August 2019

Crude Oil Prices Stuck in Monthly Range Despite Waning US Inventories

The price of oil may continue to track the monthly range amid the string of failed attempts to test the August-high ($57.99).


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Nasdaq 100 Technical Forecast for the Week Ahead

The Nasdaq 100 has etched a series of higher lows but has been unable to stay afloat above September 2018 highs. With the assistance of an ascending trendline, can the tech-heavy index continue higher?


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GBP/USD, GBP/JPY, EUR/GBP Reverse as UK PM Johnson Suspends Parliament

Concerns about a no-deal, “hard Brexit” continue to swirl. The GBP-crosses can’t avoid the maelstrom - or can they?


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Oil Price Targets: Crude Recovery Eyes August Highs– WTI Trade Levels

Oil prices have surged nearly 5% this week with the advance now targeting downtrend resistance. Here are the trade levels that matter on the WTI weekly chart.


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FTSE 100 Price Outlook: Weak Price Action Continues

The FTSE remains a weak spot across global markets, with it trading near recent lows; continued pressure anticipated.


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Turkish Lira Price: Bullish Signals Suggest USD/TRY May Move Higher

Since Mid-August US Dollar has been firming against Turiksh Lira. How USD/TRY may perform in the few coming days?


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Gold Prices Begin Next Leg Higher - Breakout Target Levels for XAU/USD

Gold prices have been lagging their silver counterpart in recent days, but it may be gold’s turn to breakout higher amid another drop in US real yields.


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GBP/USD Drops on Brexit Latest, Crude Oil Prices Surge - US Market Open

The Pound is on the backfoot, while modest gains are seen in the US Dollar. Italian assets breach a milestone. Oil prices surge of declining crude oil inventories.


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World Trade & the Global Economy | Marc Ostwald | Podcast

Economist and market strategist Marc Ostwald discusses the ‘deep visceral fear’ of market psychology in our latest podcast.


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USD/JPY Bounce from Two-Year-Lows - is the Breakdown Near?

USD/JPY continues to show themes of risk aversion and earlier this week bounced from a fresh two-year-low. Sellers don't appear done yet.


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DAX 30 & CAC 40 Technical Outlook

The German and French benchmarks are trying to find their footing, but big-picture technical posturing won’t improve much even with short-term strength.


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USD/CHF, EUR/CHF Forecast: Price U-Turns Eying a Test of the Weekly Resistance

How USD/CHF and EUR/CHF buyers could take advantage of seller’s signs of weakness?


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Canadian Dollar Price Outlook: USD/CAD Breakout Not Yet Confirmed

USD/CAD is at an important technical price point and needs to break decisively before the next move can be confirmed.


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How Boris Johnson Can Suspend Parliament by Using the Queen’s Speech

Boris Johnson looks to suspend parliament by up to a month using the Queen’s speech in mid-October. No-deal risks rise as opposition parties are given less time to block such an outcome.


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GBPUSD Price: Selling-Off on Talk of UK Parliament Suspension, Proroguing

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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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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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...