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EUR/USD: Ready For The Next Leg Down
Monday, August 5, 2019 - 10:02am | 657Read More...EUR/USD has been looking for a new direction amid escalating trade tensions. Top-tier US figures and further comments on trade will likely set the tone. Monday's four-hour chart shows bears lead against the bulls. Buy the safe-haven US dollar as trade tensions mount? Or sell it as US bond...
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Tuesday's Market Minute: Range-Bound Currencies Set For A Breakout?
Tuesday, July 23, 2019 - 9:57am | 288Read More...Currency futures are center stage this month, and the British Pound is in the spotlight today. The sterling has lagged this year, currently down over 6.5% from its yearly highs in mid-March. The prospect of a No-Deal Brexit on October 31 now looms ever larger, as Britain’s Conservative Party...
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GBP/USD Falling As The Greenback Gains Ground
Friday, July 5, 2019 - 11:07am | 478Read More...GBP/USD has been drifting downwards as the USD reasserts itself after the holiday. The US Non-Farm Payrolls is left, right, and center. Friday's four-hour chart is showing oversold conditions that imply a bounce. GBP/USD may have finished reacting negatively to poor UK data – but is now...
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GBP/USD Has Been Falling In Response To Weak UK Data And USD Strength
Monday, July 1, 2019 - 10:09am | 515Read More...GBP/USD has been falling in response to weak UK data and USD strength. Comments from the leadership candidates and US data are set to dominate price action. Monday's four-hour shows pound/dollar at critical support. Brexit has been taking its toll on the UK economy – and it is yet to...
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EUR/USD: Bears Are In Full Control
Monday, May 20, 2019 - 10:00am | 561Read More...EUR/USD remains depressed as the US and China draw further apart. Tension towards the European elections also weigh. The technical outlook is bearish for the currency pair. EUR/USD has the blues this Monday morning. The trade war between the US and China is not going away and even getting worse...
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Hitting A Wall: More Red Ink Appears Ready To Spill As New Tariffs Loom
Wednesday, May 8, 2019 - 9:48am | 1901Read More...Anyone hoping they’d wake up to brighter trade tidings might be disappointed this morning. The news didn’t improve overnight, and in some ways got worse. The outlook for a near-term deal seems to be receding, with pressure on the stock market still ramping up and new U.S. tariffs set to...
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GBP/USD: Pound Pressured
Friday, May 3, 2019 - 10:04am | 624Read More...GBP/USD is leaning lower, closer to 1.3000, as the USD takes over. Reactions to local elections and the NFP stand out. The technical picture remains optimistic for the currency pair. The US dollar seems unstoppable after the Federal Reserve and ahead of the Non-Farm Payrolls while the pound is...
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Benefits From Broad-Based USD Weakness, Upside Seems Limited Ahead Of ECB On Wednesday
Tuesday, April 9, 2019 - 10:25am | 525Read More...A combination of supporting factors helped the EUR/USD pair to regain positive traction and rally to over one-week tops on the first trading day of the week. The shared currency attracted some buying interest following the release of Euro-zone Sentix Investor Confidence index, which rose to -0.3 in...
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EUR/USD Tumbled Down On Poor Euro-Zone Data
Friday, March 22, 2019 - 9:42am | 538Read More...EUR/USD tumbled down on poor Euro-zone data. The Brexit extension hardly helps the pound, nor the euro. The technical picture is bearish for the pair. What a difference 36 hours make. EUR/USD traded near 1.1450 late on Wednesday after the dovish Fed decision. However, the US Dollar remains the...
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Balakot Bombing And Kashmir Escalation Find USD/INR Well Supported At 70.80
Tuesday, February 26, 2019 - 10:56am | 386Read More...India announced the bombing of an alleged terrorist in Balakot, Pakistan. The major escalation between the nuclear powers around Kashmir comes ahead of elections. The Indian rupee is falling against the USD and there is some room for an extension. India announced it bombed a training camp of...
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EUR/USD Forecast: Euro breaks out from triangle structure on the downside
Tuesday, January 15, 2019 - 10:54am | 530Read More...While the broader sideways trend on EUR/USD is prevailing, the short-term breakout from the triangle structure indicates further US Dollar strength. The Federal Reserve’s vice chairman Clarida repeated the language of Fed being “very patient” on rates as it will assess the...
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The FreightWaves Oil Report: Markets Do Something They Hadn't Done For Nine Years
Monday, January 14, 2019 - 12:17pm | 1208Read More...A weekly look at what occurred in the oil markets of the U.S. and the world this past week. Oil markets Thursday completed a nine-day stretch of rising prices before reversing course Friday. But consider that on Friday, the business media was getting all excited about the S&P 500 having posted...
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USD/CAD Forecast: CAD Comeback Continues, Inflation And Oil Eyed
Friday, January 11, 2019 - 12:15pm | 873Read More...USD/CAD fell on the weakness of the greenback, fueled by the Fed. Inflation data stands out as oil stabilizes. The technical picture is bearish for the pair. The FX Poll shows a mixed picture. This was the week: BOC maintains the hawkish bias The Bank of Canada decided to leave the interest...
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EUR/USD Forecast: After The Rally, Powell Could Add More Fuel To The Fire
Thursday, January 10, 2019 - 12:01pm | 633Read More...EUR/USD consolidates gains at the highest levels since October after the dovish Fed twist. The Fed remains in focus as Chair Powell, and other members speak. The technical picture is looking good for the pair. EUR/USD is holding onto its gains around 1.1550. The pair finally broke out of range on...
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GBP/USD Forecast: Sterling Is A Lucky Winner Of Flash Crash Targeting 1.2700 And Above
Friday, January 4, 2019 - 12:44pm | 501Read More...The GBP/USD is trading up at around 1.2670 ahead of US non-farm payroll report for December. The market expects 177K new jobs added in the US economy in December with wages rising 3.0% y/y and the unemployment rate at 3.7%. The UK parliament is set to resume Brexit deal debate on Monday, January 7...
