Thursday, 12 September 2019

EUR/USD Technical Analysis: Euro Up, Downtrend Intact After ECB

The Euro found its way higher despite a big-splash boost to ECB stimulus, but the fell conspicuously short of breaking its near-term downtrend against the US Dollar.


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EUR/USD Looks to US Retail Sales, Sentiment Data After ECB

EUR/USD may rise if US retail sales and sentiment data amplify growing Fed rate cut bets after the ECB failed to meet the market’s ultra-dovish expectations.


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Stocks Again Ride High On Trade Hopes, ECB Reasssurance. Fed Up Next

Equity markets continued to forge ahead as the US President suggested he’d consider an interim deal with China and the ECB delivered on stimulus.


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Crude Oil Prices at Risk if US Economic Data Cool Fed Rate Cut Bets

Crude oil prices may fall if upbeat US retail sales and consumer confidence data cool Fed rate cut bets and sour risk appetite across financial markets.


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An Extreme EURUSD Response to ECB but a Reversal Before US Sentiment, Fed?

Despite a sharp escalation of dovish policy by the ECB, the Euro still managed a bounce that looks like a technical reversal for EURUSD. Is this a true turn before Friday’s US sentiment survey and Wednesday’s Fed decision?


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The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.


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EURUSD Fails to Test 2019 Low, RSI Flashes Bullish Signal After ECB

EURUSD fails to test the 2019-low (1.0926) following the ECB meeting, with the Relative Strength Index (RSI) breaking out of the bearish formation carried over from June.


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EUR/GBP Rebound May be Amplified by Brexit Risks Ahead

EUR/GBP’s almost-five percent decline appears to be reversing now as the pair slowly gathers momentum to test support-now-turned resistance. Will Brexit risks amplify the pair’s rebound?


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US Dollar Price Volatility Report: Fed May Fail to Match Draghi

US Dollar price action may continue to be volatile over the coming days in the aftermath of Draghi's dovish delivery from the ECB as forex traders shift focus back to the Fed’s next move.


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Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool - Central Bank Watch

More signs that the US-China trade was is moving towards de-escalation has market participants lowering their expectations for immediate, aggressive rate cuts by central banks.


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Australian Dollar Price Forecast: AUD/USD Rally May Fizzle Out

The Australian Dollar has staged a nearly parabolic rebound in September after suffering weeks of losses in late July and early August. That said, the AUDUSD rally may start to lose steam.


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US Dollar Fueled by Rising US Yields, Falling Fed Rate Cut Odds

Given the interference of the September ECB meeting in EURUSD, the largest component of the DXY Index, traders may want to look at individual USD-pairs rather than the DXY Index.


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Swiss Franc Price Outlook: USD/CHF Rally Grinds into Trend Resistance

The Swiss Franc may find its footing here as price reverses off near-term trend resistance. These are targets and invalidations levels that matter on the USD/CHF charts.


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Negative Yielding Government Bonds – What Are They Telling Us?

There is in excess of USD 16 trillion of negative yielding government debt (bonds) trading in the market at the moment. Every day investors hold these bonds, they lose money.


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Dow Jones Jumps Toward Record as US-China Trade Tensions Thaw

The Dow Jones Industrial Average is within reach of its all-time high as the stock market climbs following US-China trade war headlines hinting at improvement in Sino-American relations.


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Gold Price Targets: XAU/USD Recovery Remains Vulnerable- GLD Levels

Gold rallied more than 2.5% off the weekly lows but remains below a critical resistance pivot. These are targets & invalidation levels that matter on the XAU/USD charts.


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EUR/USD, EUR/JPY Rates Rebound Off Lows after September ECB Meeting

Euro rates have seen volatility around the September ECB meeting as outgoing President Draghi's alter ego “Super Mario” made an appearance.


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ECB Cuts Rates, Announces New QE Program, EURUSD Slumps Below 1.10

The European Central Bank (ECB) cut its deposit facility rate by 10 basis points to -0.50%, in-line with market expectations, and announced that it will re-start QE from November 1.


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FTSE 100 Technical Analysis: Sluggishly Moving Higher, Has Topping Potential

The FTSE is moving higher, but in a grinding fashion; still potential for a significant topping pattern to come to light in the not-too-distant future.


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Bitcoin Price Outlook - Preparing a Move or Death by a Thousand Cuts?

From being one of - if not the - most volatile asset classes around, Bitcoin (BTC) is currently stuck in a rut in a narrow trading range and a descending triangle.


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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...