Last week’s breakout in Euro has fueled a nearly 2% rally with the advance stalling into slope resistance. Here are the levels that matter on the EUR/USD price charts.
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Wednesday, 12 June 2019
US Dollar Steadies as Fed Rate Cut Odds Stabilize - Calendar Driving Prices
The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.
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US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion - US Market Open
The Pound remains firm with eyes on the cross-party motion that could potentially block a no-deal exit, while USD finds support from the 200DMA.
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Top 8 Forex Trading Strategies and their Pros and Cons
Read on to find forex trading strategies that can work for you from day trading to position trading.
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Crude Oil Price Reverses from Key Resistance: $50 in Store?
Bears have taken control of Crude Oil Prices over the past six weeks, but sellers may have just found a stumbling block at a confluent area of Fibonacci support.
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Technical Outlook for Crude Oil, Dow Jones, DAX & More
Pullbacks in order for major global indices, crude oil heading towards test of recent lows or worse…
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Bitcoin (BTC) Price - Bullish Momentum Slows, Support Strengthens
The latest Bitcoin rally is on hold, but longer-term support continues to build in the largest crypto and suggests higher prices ahead.
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Canadian Dollar Risks Larger Pullback from Crude Oil Price Reversal
The Canadian Dollar is slightly softer this morning following the 2% drop in oil prices, which has seen USDCAD push towards 1.33.
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USD/CHF Price: Bearish Move Stalls - Is it Over?
The bearish momentum stalled after leading USD/CHF to its lowest price in six months. Here are the key levels USD/CHF may hit if the bearish momentum continues.
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GBPUSD Price: Riding the US Dollar Slump, US CPI Ahead
GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.
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Gold Price and Silver Outlook Dented by Wall of Resistance
Gold is struggling under major long-term resistance, silver is along for the ride; it will take a surge of buying to spark a macro-breakout.
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Tuesday, 11 June 2019
Euro Braces for Draghi Speech, USD May Fall on Local CPI Data
The Euro and US Dollar will be closely watching major cross-Atlantic event risk as ECB President Mario Draghi prepares to speak in Germany while the US Dollar braces for local CPI data.
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Crude Oil Prices at Risk on US CPI and EIA Inventory Data
Crude oil prices may fall as US CPI data speaks to slowing economic growth while EIA inventory data points to oversupply even as output is reduced.
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Asian Stocks Mixed With Chinese Inflation Weighing, US CPI Coming Up
Asia Pacific equity markets put in a scrappy mid-week performance as investors looked ahead to key US numbers.
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ASEAN FX Chart Analysis: USDPHP Bottoms? USDSGD Downtrend Struggles
Can US Dollar gains against the Philippine Peso last after USDPHP appeared to bottom? A new uptrend seems to be guiding USDMYR higher as USDSGD consolidates between key levels.
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AUD Bulls Can’t Count on the RBA, But Iron Ore Prices May Slow Its Fall
The Australian Dollar will struggle with low interest rates for a long time to come, but rising iron ore prices will counter at least some of their effects.
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Dow Posts First Drop in 7 Trading Days, Trump Stirs Trade War Fears
The risk appetite charge has officially flagged this past session. With the Dow breaking its bullish streak well short of record highs, the questionable source of confidence in trade wars and monetary policy draws closer scrutiny.
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Australian Dollar Slips As China May CPI Rate Hits 15-Month High
The Australian Dollar faced tough data both foreign and domestic as China’s inflation rose as expected and local consumer confidence wilted.
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Brazilian Real, Ibovespa Index Forecast: Major Breakout Ahead?
USDBRL and the benchmark Ibovespa equity index are teetering on the edge of major price levels. If breached with follow-through, a selloff or rally may ensue.
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Strong China Consumer Price Index (CPI) to Fuel AUDUSD Rate Rebound
Updates to China’s Consumer Price Index (CPI) may fuel a larger rebound in AUDUSD as the headline reading is expected to pick up for the third consecutive month.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...