Forex

Asia Markets Brace After S&P 500 April Low, Yen Prices May Gain

Asia Pacific Market Open – S&P 500, US Dollar, Euro, Crude Oil, Australian Dollar Market-wide risk aversion extends as S&P 500 closes at its lowest since April, USD climbs Crude oil prices declined with risk aversion, highlighting weakness amidst OPEC cut plans Australian Dollar at risk this week, especially against AUD/CAD. Yen likely to rise …

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Weekly Fundamental Forecast: Fed, BoE and BoE Rate Decisions in the Last Full Week of the Year

Japanese Yen Forecast – USD/JPY Rate Fails to Test Monthly-High Ahead of Fed Rate Decision USD/JPY may face range-bound conditions ahead of the Federal Reserve interest rate decision as it struggles to test the monthly-high (113.82). Oil Forecast – Crude Oil Prices Swamped by OPEC Cuts, Global Growth Fears, Fed Crude oil prices struggled rising …

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US Dollar Tests Fresh Yearly Highs Ahead of December FOMC

US Dollar Talking Points: – The US Dollar is testing fresh yearly highs to continue this week’s move of strength, and this follows an early-week support test at the key Fibonacci level of 96.47. The big question at this point is how long might bulls be able to push, as a major USD event sits …

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Yen May Continue Higher as Global Slowdown Fears Grip Markets

TALKING POINTS – YEN, AUSSIE DOLLAR, STOCKS, US DOLLAR, RETAIL SALES Yen up, Aussie and NZ Dollars down as stocks plunge in APAC trade S&P 500 futures hint risk aversion likely to continue through week-end US retail sales data may pass unnoticed with FOMC meeting in focus The sentiment-linked Australian and New Zealand Dollars fell …

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Crypto Users Increased to 35 Million in 2018: What Will 2019 Bring?

As we approach the new year, it’s time to reflect on all that happened in 2018. In the cryptocurrency sector, there were a few ups and downs, more so than in 2017, the year the crypto boom took flight. But while various companies (and coins) had their share of plunges, the number of crypto users …

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Crude Oil Prices May Turn Lower as Market Mood Darkens

GOLD & CRUDE OIL TALKING POINTS: Crude oil prices still range-bound despite supportive news-flow Gold prices static as Treasury bond yields, US Dollar diverge Oil may fall as gold struggles for direction amid risk aversion Crude oil prices edged higher amid Venezuela-linked supply concerns as well as news that Saudi Arabia may target the US …

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Australian Dollar, Emerging Markets at Risk to Soft Chinese Data

Asia Pacific Market Open – Euro, ECB, Crude Oil, China Data, Australian Dollar Euro depreciated after ECB rate decision and Mario Draghi speech, trimmed losses thereafter US Dollar weakened with stocks on Wall Street as bond prices rose, failing to catch haven bids Australian Dollar, emerging markets at risk to more disappointing Chinese economic data …

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Gold’s Bullish Breakout Ready for First Real Test

Talking Points: – After trading sideways for two months, Gold was able to clear out the former December 2017 low at 1236.37, having previously closed below it every session since July 17. – However, bulls may be seeing the first test of the bullish breakout attempt, as 1236.37 is nearby, as is the daily 21-EMA …

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EUR/USD Price Outlook: Euro Breakout Imminent- Battle Lines Drawn

Euro is virtually unchanged for the month of December with price continuing to trade within the confines of a multi-month consolidation structure. These are the updated targets and invalidation levels that matter on the EUR/USD chartson the heels of today’s European Central Bank (ECB) interest rate decision. Review this week’s Strategy Webinar for an in-depth …

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EUR/USD Drops from Triangle Resistance as ECB Announces End to QE

EUR/USD, US Dollar Talking Points: – This morning’s ECB rate decision saw the bank announce the end of QE purchases despite a backdrop of slowing growth and increased political strife in Europe. This has been long-expected since the earlier-year announcement of the bank’s intent. EUR/USD responded with a quick move of weakness shortly after the …

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