Tuesday, 3 September 2019

Stocks Mostly Up On Data Relief But Japanese Automakers Struggle

Asian markets were mostly higher, despite US falls in the previous session, as regional economic numbers managed to defy the gloomier forecasters.


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Crude Oil Prices at Risk if Bank of Canada Feeds Slowdown Fears

Crude oil prices may fall if a downbeat policy statement from the Bank of Canada feeds fears about slowing economic growth and weighs on cycle-anchored assets.


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S&P 500, Dollar, Pound Volatility Return Alongside September Liquidity

US liquidity filled out this past session as traders came back from a long holiday weekend. Upon their return, they were met with the same heavy fundamental seas we have experienced for weeks. Beware breakouts.


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Australian Dollar Gains As 2Q GDP Comes In Right As Expected

The Australian Dollar rose following the release of a set of official growth figures which, while quite uninspiring historically speaking, were at least enough to banish suspicions of a really soft turnout.


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EURUSD Rebound in Focus Amid Dismal ISM Survey, Mixed Fed Rhetoric

EURUSD may stage a larger rebound over the coming days as signs of a slowing economy puts pressure on the Federal Reserve to reverse the four rate hikes from 2018.


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Dow Jones September Forecast: Expect a Return of Volume and Volatility

August's end signals the conclusion of summer trading and marks the advent of greater volume and volatility for the Dow Jones which maintains a historically negative return in the month of September.


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GBP/USD, GBP/JPY, EUR/GBP Set for Volatility on Brexit Vote in UK Parliament

Traders should be anticipating a high degree of volatility across the GBP-crosses as the UK parliament tries to determine what the next steps are in the Brexit process.


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Forex Economic Calendar Week Ahead: Brexit Vote, BOC Meeting, US NFP & More

The first week of September will bring back trading volumes amid a steady stream of important data releases and events.


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USD/CAD Price Outlook Ahead of Bank of Canada Rate Decision

The September Bank of Canada interest rate decision is slated for Wednesday's trading session and stands to send the Canadian Dollar swinging.


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US Dollar Price Targets: USD Threatens Breakout of Uptrend Resistance

The US Dollar is probing fresh yearly highs into the to open of September trade, but is the rally sustainable? Here are the levels that matter on the DXY weekly chart.


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US Dollar Drops as ISM Manufacturing Sinks to Lowest Since January 2016

The Institute for Supply Management’s Manufacturing Index declined further in August and slipped into contraction territory which sent the US Dollar and Treasury yields tumbling.


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Gold Prices Bullish Breakout Potential Intact - Target Levels for XAU/USD

Gold prices may soon reach a key bullish target level in the multi-year inverse head and shoulders pattern that started to breakout earlier this year.


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Copper (HG) Weekly Price Outlook: Downside Move- Where is Next Level to Test?

Today Copper continued bearish price action and printed its lowest level in over 27 months. Traders may need to pay close attention to these price levels


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Canadian Dollar Breaks Out, GBP/USD Volatility Surges - US Market Open

Canadian Dollar on the defensive as broader market weighs, while GBP/USD volatility surges as risk premiums of general election and no-deal Brexit are priced.


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US Dollar Price Outlook: EUR/USD, GBP/USD Breakdown, Two-Year-Lows

Yesterday was Labor day in the US but the US Dollar continued to work, pushing up to fresh two-year-highs as EUR/USD and GBP/USD continued to fall.


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Poor Market Sentiment Drives USD Buying | Webinar

Market sentiment is weak again as traders continue to worry about the US-China trade war and Brexit, prompting gains for the USD and gold while weakening GBP and stock prices.


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EURUSD, GBPUSD, USDJPY Technical Analysis & More

Can the Euro finally gather momentum, or will it reverse again? GBPUSD at a big spot again. USDJPY has trend/resistance working against it.


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EUR/CHF Outlook: Investors Turning Bullish on CHF, Despite SNB FX Intervention

The Swiss Franc trades at a fresh 2-year high against the Euro with EUR/CHF hovering around 1.0830 as safe-haven flows continue to dominate.


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Crude Oil Price Forecast: Lower Levels Look Just Ahead

Crude oil contracts are softening up here a bit, with the general tone and trend pointing to more selling in the near-term.


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USD/CAD: Canadian Dollar Soften on the Back of Weak Brent oil Price

Yesterday, USD/CAD printed its highest level in over six weeks. In turn Brent oil price since August 9 has been consolidating in the same trading zone. Here is how both markets could perform in the few coming days.


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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...