Thursday, 29 August 2019

US Dollar Price Action Setups: EUR/USD, USD/CHF, GBP/USD, USD/CAD

The US Dollar is testing four-week-highs after some dovish comments from incoming ECB President, Christine Lagarde.


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S&P 500 Price Forecast: Can Trade War Hopes Spark a Breakout?

The S&P 500 gapped higher on Thursday after it was announced China would not retaliate against the latest tariff increase. But can a recovery in fundamentals help the S&P 500 break out of its recent range?


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USD/CAD: Canadian Dollar Ripe for Breakout but GDP Data Looms

The Canadian Dollar sits in currency trader's crosshairs with the loonie looking geared up for a technical breakout. Friday's GDP data could potentially serve as the catalyst that fuels CAD's next move.


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US Dollar Breakout in Focus as Fed Rate Cut Odds Drop on Latest US-China Trade War News - Central Bank Weekly

With the US-China trade war back in a state of détente US Treasury yields have turned higher, provoking the US Dollar (via the DXY Index) into a bullish breakout attempt.


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How to Use Bollinger Bands® in Forex Trading

Learn how traders use Bollinger Bands® to trade the forex markets.


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Japanese Yen Price Targets: USD/JPY Breakout Pending- Trade Levels

Price has set a well-defined weekly opening-range just below downtrend resistance and we’re looking for the break. Here are the levels that matter on the USD/JPY charts.


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EUR/USD Rates Threaten Triangle Bearish Breakout after New ECB President’s Remarks

With incoming ECB President Christine Lagarde saying that the central bank “hasn’t hit the lower bound on interest rates,” traders are pricing in a more aggressive rate cut path.


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Silver Price Forecast: Chart Signals XAG/USD May Shoot Higher

Since the start of the week Silver’s uptrend has been moving with a quicker pace. Here are the key tech levels buyers may need to overtake to keep leading the price.


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AUD & CAD Gain on China’s Stance, US Dollar Unmoved by Q2 Growth - US Market Open

Commondity currencies are notably firmer this morning as China’s seemingly softer rhetoric boosts risk appetite.


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Trading with the Cup and Handle Pattern

Learn how to trade forex and stocks using the cup and handle pattern.


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Gold Prices Pull Back as US-China Trade War Softens: Support in Sight

Gold prices are pulling back after a bit of softening in the US-China trade war. But can that pullback turn into anything more, or will this be just another revisit to support?


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GBPUSD Outlook: No End in Sight for Trend Lower

GBPUSD is continuing to fall within a downward-sloping channel after UK Prime Minister Boris Johnson’s suspension of the Westminster Parliament and looks set to challenge the 1.20 level again.


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USD/JPY, GBP/JPY Forecast: Price May Rally Above Weekly Resistance

Last week US Dollar and British Pound Firmed slightly against Japanese Yen. Here are the key chart points GBP/JPY and USD/JPY traders may need to follow closely.


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Trade War Latest: China Softening Stance, Eyes on US Response

Safe havens have seen a slight pullback with high beta FX (AUD) edging higher on the back of the latest commentary from the Chinese Commerce Ministry.


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Wednesday, 28 August 2019

Gold Prices May Rise as Bond Yields Fall on US GDP Downgrade

Gold prices may rise if a revised set of second-quarter US GDP data reveals a larger downgrade than expected, stoking recession fears and pulling down Treasury bond yields.


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US Dollar May Rise if US GDP Data Reinforces Recession Fears

The US Dollar may rise if US GDP data undershoots forecasts and reinforces growing recession fears, driving demand for liquidity and haven assets.


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Stocks Slip As US Yield Curve Continues To Stoke Recession Fears

Asia Pacific equity markets failed to capitalize on Wednesday’s Wall Street gains as US yield curve inversion and Brexit worries continued to dominate.


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No Dollar Assurances in Treasury Downplaying Intervention, Absorbing Headlines for Later

Trade wars threaten to escalate to new territory as the US government references exchange rate intervention – suggesting it is net yet ready to go that route. Meantime, key themes are churning but liquidity is obscuring.


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AUD/USD Technical Analysis: Sellers Take Aim Below 0.67 Figure

The Australian Dollar looks poised to revisit its 2019 bottom below 0.67 against its US counterpart after prices broke range support. The long-term view looks still more ominous.


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Yen Strength Amid Market Tumult to Keep BOJ Target Out of Reach

The Yen’s traditional haven role has seen it boosted by trade war and recession fears. However, with domestic inflation decelerating again, it’s gains put the Bank of Japan is in a very tricky spot.


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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...