FTSE 100 forms a death cross, raising risks to the downside. Prior death cross formations have typically shown the FTSE 100 heading lower.
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Thursday, 10 October 2019
GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears
Sterling (GBP) picked-up a small short-term bid after the latest UK growth data. Three-month rolling GDP picked up, but August’s monthly reading fell into negative territory.
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EUR/GBP Price Analysis - Running into Fibonacci Resistance
EUR/GBP is approaching an important technical indicator which will define the short-term price movement. A clean break and close higher is needed to keep the recent bullish momentum intact.
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Wednesday, 9 October 2019
GBP/USD at Risk for Further Losses as Brexit Negotiations Collapse
GBP/USD extends the decline from the monthly-high (1.2413) amid little signs of an imminent Brexit deal.
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Asia Stocks, Currencies Whipsaw on US-China Trade Headline Blitz
Asia-based investors had to deal with apparently conflicting news on US-China trade talks. Optimism seems to be edging it for now, but hard facts remain elusive.
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Gold and Crude Oil Price Outlook Vulnerable to US-China Trade News
Gold and crude oil prices are vulnerable to volatile US-China trade updates after markets swung between a lack of progress in talks and reports of a currency pact. US CPI data is due.
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AUD, NZD Pop Higher On Report US Considering China Currency Pact
News that some progress might be made in US/China trade talks boosted growth correlated currencies, as did reports that the US will allow some companies to supply Huawei.
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Oil Price Forecast: Record US Crude Output to Fuel Bear Market
The price of oil struggles to retain the advance from earlier this week, with crude facing a greater risk of a bear market as US production hits a fresh record high.
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USD/JPY and AUD/USD Tumble as US-China Trade Talks Lack Progress
The USD/JPY, AUD/USD and S&P 500 futures tumbled amid reports that the US and China saw no progress in trade talks. China’s delegation team is now planning to leave the US a day earlier.
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US Dollar Price Volatility Report: Trade Talks, CPI on Deck
The US Dollar remains front and center with high-level trade talks and the release of inflation data on deck for Thursday's trading session. Take a look at options-implied USD trading ranges here.
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Euro Price Outlook: EUR/USD Plunge Pauses at Downtrend Support
Euro rallied nearly 1% off the yearly lows registered last week– the start of something or just a rebound? Here are the levels that matter on the EUR/USD weekly chart.
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FTSE 100 Threatens a Death Cross, CAC 40 Has Time Yet
The 50-day moving average on the FTSE 100 is dangerously close to breaking beneath the 200DMA, an occurrence that typically precedes deeper losses.
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Oil Price Technical Outlook: Crude Oil Key Support is Back in Play
Sellers took another swing at crude oil prices coming into October, brining into play a key zone of chart support.
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Quantitative Easing (QE) Explained: Central Bank Tool for Growth
What is quantitative easing (QE) and how do central banks like the Fed and ECB use it? Learn how QE supplements monetary policy when rate cuts don’t cut it.
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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten
The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.
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US Dollar Gains Limited Ahead of FOMC Minutes - Key Levels for DXY Index & USD/JPY
The DXY Index has made little progress in recent days, and as a result, prices have begun to coil ahead of the September FOMC minutes.
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China Open to Partial Trade Deal, GBP/USD Volatile, FOMC Minutes in Focus - US Market Open
Risk sentiment and high beta currencies (AUD, NZD) have been boosted, while safe-havens suffer following the latest source reports, which noted that China are open to a partial trade deal.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD
The US currency continues with little direction so far this week, but a busy set of drivers can change things very quickly in USD.
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Crude Oil Price Building a Familiar Trading Pattern
Crude oil has turned higher off recent support in the last few days but needs to push much higher if it is to confirm a fresh bullish outlook.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....