Thursday, 5 September 2019

Gold Prices Snap Back to Support Ahead of NFP - Will Bulls Respond?

Gold prices have pulled back with aggression this morning, but a bit of support has already shown. Will Gold bulls push through tomorrow's NFP report?


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Silver Price Rally Hits Wall - Key Levels for Reversal in XAG/USD

With the US-China trade war back in détente, US Treasury yields have jumped sharply, reducing the safe haven appeal of precious metals.


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EUR/USD, EUR/JPY Reversals Gather Pace - Are the Downtrends Finished?

The Euro hasn’t gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.


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Euro Price Chart: A Low in EUR/USD? Technical Trade Outlook

Euro reversed off downtrend support at fresh yearly lows- a fake out or the start of something bigger? Here are the levels that matter on the EUR/USD weekly chart.


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August ISM Non-Manufacturing Prints at 56.4, Beating Expectations

This morning brought the release of ISM Non-Manufacturing data to the tune of 56.4 v/s an expectation of 54.00.


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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

All currencies are not the same; emerging market FX trades differently than developed market FX.


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Turkish Lira Price: USD/TRY May Reverse Direction as Support Stands

Last Week USD/TRY printed its highest level in over two months however, the story this week looks entirely different. Here are the levels sellers may need to break below to keep leading the price.


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GBP/USD Rallies as Bears Take Cover, USD/JPY Tests Key Resistance- US Market Open

Sterling bears are drastically taking cover as the continued short squeeze propels GBP/USD through the 1.2300 handle. JPY on the defensive amid the boost in risk appetite.


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US Dollar Reversal Continues: EUR/USD, GBP/USD, USD/CAD

The US Dollar came into the holiday-shortened week with a full head of steam. But that's been soundly reversed. Tomorrow brings NFP and Canadian employment.


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Gold Price and Silver Outlook: Too High to Buy, Too Strong to Short

Gold is faltering at long-term resistance levels, while silver has continued to explode to new heights; a pullback is seen as likely and healthy.


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Bitcoin (BTC) Price Battles Recent Highs as Technical Indicators Clash

Bitcoin’s recent $1300 rebound has ground to a halt as buyers and sellers battle to gain the upper hand. The daily chart is not giving either a great deal of help.


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GBP/USD, GBP/JPY Technical Forecast: British Pound Price - Upside Break Out

This week Cable saw its lowest levels in nearly three years however, buyers may have another say on this. Here are the key tech levels GBP/USD and GBP/JPY traders may need to pay a close attention at.


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Canadian Dollar Technical Analysis Overview: USD/CAD, GBP/CAD, EUR/CAD

USD/CAD sees largest fall since January eyes on BoC Deputy Governor, GBP/CAD remains volatile on Brexit, while EUR/CAD makes fresh 2 year low.


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Crude Oil Price Surge: Next Move Depends on US-China Trade Talks

The recent spike higher in crude oil has taken it back to levels last seen around one month ago. For bullish momentum to be maintained, there needs to be tangible progress in the next round of US-China trade talks.


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Wednesday, 4 September 2019

USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting

Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.


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EURUSD May Rise if US Factory Order Data Boosts Fed Rate Cut Bets

EURUSD may rise if US factory orders data undershoots expectations and amplifies growing Fed rate cut bets against the backdrop of ethereal market optimism.


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Stocks Gain On US-China Trade Hope,HK Extradition Law Withdrawal

There was plenty of cheer around Thursday, for a change. Equity in China and Japan led the way higher as it seems the US and China will at least keep talking.


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Crude Oil Prices May Struggle to Sustain Gains on Inventory Data

Crude oil prices may struggle to sustain gains even as overall market sentiment brightens if EIA inventory data reveals stockpiles grew last week, souring demand bets.


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SEK May Fall on Riksbank Rate Decision, Eurozone GDP Data

The Swedish Krona may suffer if the Riksbank trims loosens its tightening cycle and provides gloomy commentary on the economic outlook. NOK, SEK are also eyeing Eurozone GDP data.


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Dollar Tumbles, Pound Rallies and S&P 500 Ready for a Break

Liquidity was starting to grab some traction for market movement this past session. The Dollar took a dive as its fundamental mix was called to question, Brexit scenarios lifted the Pound and S&P 500 seems primed for a break…but follow through?


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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...