Thursday, 29 August 2019

Will the S&P 500 Attempted a Break or EURUSD Multi-Year Lows Before Weekend?

There are some provocative technical charts – like the S&P 500 range and Dollar proximity to highs – facing off against productive fundamental themes. Yet, the appeal that this circumstances draw is complicated by liquidity.


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EUR/USD Technical Analysis: Euro Sellers Take Aim at 2019 Bottom

The Euro is poised to challenge its 2019 low against the US Dollar. If it manages to break this and finish August below 1.0980, September may prove to be dire.


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EURGBP Struggles to Remain Above Critical Support: Break Ahead?

EURGBP is attempting to stay above a three-month rising support channel after briefly breaking below it and other key price levels. Brexit risks may disrupt technical set up.


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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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AUD/USD: Australian Dollar Still Sluggish as Trade War Simmers

Why might the Australian Dollar still be struggling to recover from its recent selloff induced by the US-China trade war even as tensions unwind?


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VIX Slump Signals Risk Appetite, but Australian Dollar Outlook Remains Bleak

The equity market’s “fear gauge” has slumped considerably over the last two sessions and the US-China trade war outlook has improved. So why has the Australian Dollar lagged?


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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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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...