Forex News 24 |
- BITCOIN pullback below $5,250 to indicate counter-move? April 19, 2019
- Seeking Clear Dow, Dollar and Oil Trends Ahead
- Liquidity Fills Back Out to US GDP, BOJ and BOC Rate Decisions
- Trading plan for EUR/USD for April 19, 2019
- Don’t Miss Out on the Netflix of 5G Stocks (ERIC Stock)
- Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast
- S&P 500, DAX, FTSE 100 Technical Forecast
- Technical analysis of EUR/USD for 19/04/2019
- 2018 Is the Year of the Masternodes Cryptocurrencies
- Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday
| BITCOIN pullback below $5,250 to indicate counter-move? April 19, 2019 Posted: 20 Apr 2019 01:29 PM PDT Hits: 10 Bitcoin has been consolidating at near $5,250 for a while now. Holding above the dynamic support area of Kumo Cloud along the way indicates further upward pressure that is being formed now. Bitcoin has been extending a climb without any new lows for the last 123 days that indicates further upward pressure which is sure to attract more bulls along the way. The bullish sentiment is still setting the tone in the market despite the recent volatility at around $5,250. Amid the persistent bullish pressures along the way, the price will keep upward momentum with a target towards $5,500 and later towards $6,000. The price recently managed to jump above $5,250 with strong bullish momentum but could not sustain it further. So, the price sank below the area with impulsive bearish momentum. The dynamic levels like 20 EMA, Tenkan, and Kijun line are now holding above the price. These levels are likely to create barriers for the upcoming upward pressure in the coming days. As the price remains above $5,000 with a daily close, the bullish bias is going to push the price higher. SUPPORT: 4,800-80, 5,000 RESISTANCE: 5,250, 5,500 BIAS: BULLISH MOMENTUM: VOLATILE
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| Seeking Clear Dow, Dollar and Oil Trends Ahead Posted: 20 Apr 2019 12:19 PM PDT Hits: 5 The holiday-shortened week proved a clear curb on the development of general risk trends, which in turn hamstrung many of the benchmark assets. Will a return of liquidity help charge enough volatility to settle the Dow's proximity to record highs, clear the EURUSD's inevitable break from a historically-tight range or return crude oil prices to trend? Australian Dollar Forecast: AUD/USD and EUR/AUD May Be at Turning Points, Facing Trend Lines The Australian Dollar may be at a turning point against the US Dollar and Euro. AUD/USD uptrend eyeing rising channel support as EUR/AUD may enter downtrend, 2017 trend line eyed. Crude Oil Forecast: 50% Off the Lows – Can Bulls Continue Rally Oil prices remained strong this week as price action held higher-low support; but bulls are getting shy around resistance – is a retracement nearing? British Pound Forecast: GBPUSD, EURGBP & GBPNZD Sterling (GBP) continues to trade in restrictive ranges across a selection of currencies but headline GBPUSD may soon break below 1.3000 as the US dollar pushes higher. US Dollar Forecast: Big Test of Resistance Nearing The US Dollar Index remains confined within a big-picture wedge, a test of the top of this pattern is just on the horizon. Gold Forecast: XAU at Support, Fresh 2019 LowsGold is down more-than 5.5% from the 2019 high with price now probing support at fresh yearly lows. These are the levels that matter on the XAU/USD weekly chart Euro Forecast: EURUSD Counts Down to a Break but Euro Itself a Short-Term Bear Swing There is value in assessing the Euro's technical potential through its most liquid cross – EURUSD – but traders would do well to consider the single currency's own bearings which paint a very different picture than range. Equities Forecast: S&P 500, DAX, FTSE 100 Technical Forecast Questions raised over possible S&P 500 reversal, DAX eyes critical trendline, while FTSE 100 uptrend remains intact. 2019-04-20 19:00:00 Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| Liquidity Fills Back Out to US GDP, BOJ and BOC Rate Decisions Posted: 20 Apr 2019 12:07 PM PDT Hits: 8 While trade wars and global growth were active themes this past week, the conditions in liquidity sidelined most efforts to spin headlines into critical mass market moves. In the week ahead, the return from holiday will test traders focus on critical events like US earnings, BOJ and BOC rate decisions and 1Q US GDP among other high level event risk. Check out our Economic Calendar for upcoming economic data and central bank events. Australian Dollar Forecast – Australian Dollar Faces The Big One As Official CPI Numbers Loom The Australian Dollar has been resilient as global risk appetite has held up pretty well. However, the market can now look to official inflation figures. They may not help the bulls' cause Crude Oil Forecast – Crude Oil Prices Stalling Ahead of US Energy Earnings and GDP Data The crude oil price outlook is neutral after the commodity and the S&P 500 stalled. Can Chevron, Exxon Mobil earnings fuel the dominant uptrend? Or will soft US GDP data sink oil? British Pound Forecast – Will Sterling Stabilize with Brexit Risk in the Distance? Expect fresh Brexit headlines next week with Parliament returning from recess following the UK's second extension to the EU Withdrawal Agreement. What should British Pound traders watch for? US Dollar Forecast – US Dollar May Rise on Haven Flows as Markets Turn Defensive The US Dollar may rise, buoyed by haven-seeking capital flows as financial markets bombarded with evidence of slowing global growth unwind exposure to risky assets. Gold Forecast – Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday Gold prices turned lower mid-week as a reinvigorated US Dollar sapped demand for bullion; the combination of strong US equities and a strong US Dollar has been historically negative for Gold prices. Euro Forecast – EURUSD Crumbles on Euro-Zone Growth Fears Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off. Equity Index Forecast – Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast Earnings season is in full swing with corporate giants like Microsoft and Amazon slated to report in the week ahead. Meanwhile, the Nikkei looks to a rate decision from the Bank of Japan. Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| Trading plan for EUR/USD for April 19, 2019 Posted: 20 Apr 2019 11:17 AM PDT Hits: 7
Technical outlook: The EUR/USD pair dropped below 1.1280 levels yesterday taking longs out, but we were at a minimum risk. The trade setup still remains both sides, with a little bias towards the south. The EUR/USD pair is trading at 1.1240 levels at this time in writing and seems to have found interim support at the fibonacci 0.618 ratio of the rally between 1.1183 and 1.1324 levels earlier, as displayed here. At the same time, please be aware that prices have broken below its counter trend line support and re-entered into the sell zone, giving an edge to the bears. In either case, we can expect a rally at least towards 1.1280/85 levels before deciding a further course of direction. On the flip side, a fibonacci 0.618 bounce could also enable a push higher towards the 1.1340/50 region. As a subset of both scenarios, a rally is the most likely outcome for now, towards at least 1.1280/85 levels, if not higher. Also note that the RSI has already turned higher from 30 levels, which is also supportive to the above conclusion. Trading plan: Long again @ 1.1230, stop at 1.1180, target 1.1285 and higher. Good luck! The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Don’t Miss Out on the Netflix of 5G Stocks (ERIC Stock) Posted: 20 Apr 2019 10:18 AM PDT Hits: 8 Wednesday morning brought with it an unexpected development. Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) had settled their years-long legal dispute. And Intel (NASDAQ:INTC), in response, slunk away from the 5G space with its tail between its legs. That's because, of all the winners that 5G stocks will create, Intel believes it's already lost out in the mobile 5G space, which our own Matt McCall predicts to be a mega-opportunity that comes along once in a lifetime:
Let's take a trip down memory lane to better understand the opportunity we have with 5G stocks … Long before Netflix (NASDAQ:NFLX), there was Blockbuster. You may remember it. Personally, the local Blockbuster in my small hometown was an entertainment hub. Beyond row after row of thrillers, horror flicks and obscure kung-fu dubs, you could find candy, popcorn and those gigantic lollipops no reasonable person could finish. Some Blockbuster stores, mine included, had video game stations set up to test out the latest in next-gen tech. I could spend hours there, and sometimes did. When the dial-up modem came along, I still frequented my local Blockbuster. When Netflix.com came online in 1998, the first web-based rental retailer, I still visited Blockbuster. But when the Netflix app became available on mainstream entertainment hubs — like set-top boxes and Microsoft's Xbox 360 – my trips to Blockbuster thinned. The internet had expanded beyond dial-up, and by this time in 2008, Netflix had found the perfect confluence of application, platform and technology. I soon stopped visiting Blockbuster altogether. The entertainment hub had moved online, and Blockbuster shrunk from the challenge … not unlike what Intel is doing today. Sure, Blockbuster made attempts to staunch the bleeding. Remember Total Access? It was Blockbuster's way of becoming Netflix, only it chose to mail DVDs rather than stream video. Intel's exit from the 5G mobile space, where the market opportunity is the largest for 5G stocks, reminds me of Blockbuster's wrong decision … Why would Intel back off if the opportunity is so great? From Ars Technica:
Intel didn't so much leave the space as it was forced out of it. But the company remains positioned for other 5G applications, although not in the most profitable arenas. At any rate, there's a certain significance to the quashing of bad blood between Apple and Qualcomm … 5G is nearly here, and even the worst of enemies couldn't allow themselves to be left behind. Where to Find 10X, 20X, 30X Gains in 5G StocksApplication, platform, technology – or APT, if you need a mnemonic device. These are the main ingredients of disruption that took Blockbuster offline. An application based on advanced technology without a viable platform is disruptive in theory, not in practice. It wasn't until the proliferation of high-speed internet that Netflix was able to even introduce streaming. Once the technology was in place, all Netflix needed was a high-volume platform to traffic its application. Put the three together and you have yourself a once-every-ten-years kind of investment. Since January 2008, NFLX gained roughly 10,000% … With 5G just around the corner, we're on the cusp of another explosive opportunity. Here's what Matt writes in Investment Opportunities:
The world described above is made possible by a confluence of applications, technologies and platforms. With 5G, everyday applications will speak to each other in the literal blink of an eye. Without 3G, Apple never would've introduced the App Store, which changed the way we interact with our mobile devices forever. The introduction of 5G, too, will bring with it a step change that introduces entirely new applications. At the same time, the platforms and technology are coming into focus. Together, they form the perfect environment for the next "Netflix" to thrive. One such 5G company, Ericsson (NASDAQ:ERIC), has its fingers in many pies. It has the sort of applications that could be game-changing, including self-driving car connectivity, cloud communication and cellular IoT. Further, Ericsson is instrumental in building out the 5G technology itself. To aid in the standardization of 5G technology, Ericsson's investors, 130 of them to be exact, have joined forces in "the largest in cellular communication in terms of number of inventors, anywhere in the world." Ericsson isn't the only company Matt has identified which could see major gains as 5G rolls out. If you're interested in getting more from Matt on this trend, as well as the other 5G stocks he's recommending, click here. Matt McCall Readers Received a Profitable Heads-UpOn Wednesday, the day Apple and Qualcomm settled, Ericsson shares added 7.5% on blowout earnings, affirming ERIC's position as a market leader in 5G. In fact, Matt recommended buying Ericsson stock on any dips below $9.25, and on Wednesday, ERIC stock soared 7%-plus. If you listened to Matt and bought at the $9.25 level, you'd be up 12.32%. If you bought at its January low of $8.29, you'd be sitting on gains of 25%. Here's what Matt most recently commented to his Investment Opportunities subscribers:
If you missed out on these gains in Ericsson stock, you may still find a triple- or quadruple-bagger in sectors such as retail, agriculture, media and entertainment, energy and utilities, and so much more. We're on the verge of an "instant economy" where the farthest-reaching parts of the world will become accessible to you at the tap of a screen or even sound of your voice. This technology, and the applications that spring from it, will beget more technologies, such as "quantum glass" batteries, that are needed to support the tech. In fact, Matt has prepared an interesting video about the impact of the "quantum glass" batteries. Click here to watch it. Matt writes about such next-generation opportunities in his Investment Opportunities newsletter, covering businesses in and around the 5G ecosystem, among many more high-growth stock picks. To summarize, Matt said it best in his column on 2019 predictions:
Things will be very different, indeed. John Kilhefner is the managing editor of InvestorPlace.com. As of this writing, John did not hold a position in any of the aforementioned securities. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast Posted: 20 Apr 2019 09:23 AM PDT Hits: 8 Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast Talking Points:
Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental ForecastAfter a week of minimal movement, volume and volatility may increase for the major US indices as key earnings from some of the country's largest corporations are released and first quarter GDP is revealed. That said, the Dow Jones may have its hands full in the week ahead as Boeing is scheduled to report their first quarter earnings on Wednesday. Dow Jones Fundamental Forecast: Bearish The plane-maker has singlehandedly dragged the Average lower in recent weeks amid ongoing issues with their 737 Max models. This week's earnings will be the first time the company has reported since a second deadly crash of a 737 Max 8. Investors will be keen to gauge the company's outlook as it balances order cancellations, litigation and finding a resolution to the problem. Responsible for more than 10% of the Dow Jones price, a bleak outlook from Boeing would undoubtedly drag on the index. Follow @PeterHanksFX on Twitter for earnings season coverage. View our Economic Calendar for live data releases and event times in the week ahead. Alongside Boeing, Caterpillar will also report earnings on Wednesday before market open. The heavy equipment manufacturer is also a notable portion of the Industrial Average and often seen as a bellwether for global growth. In that same vein, the company will look to US GDP to dictate price action. Dow Jones Price Chart: 4 – Hour Time Frame (February – April) (Chart 1)
Learn the differences between the Dow Jones and S&P 500 and how they might contribute to different outlooks. S&P 500 Fundamental Forecast: Neutral After numerous GDP forecasts were revised upward last week, market participants will finally be able to compare expectations to reality with Thursday's GDP release. A strong reading – on the back of stronger than expected Chinese GDP last week – would make meaningful strides in calming global growth fears, while a miss could seriously ding sentiment. Although the data may take center stage next week, earning reports from some of the country's largest tech stocks will likely spur price action prior to Thursday. S&P 500 Price Chart: 4 – Hour Time Frame (February – April) (Chart 2)
DAX 30 Fundamental Forecast: Bullish By comparison, the German DAX has a relatively calm week ahead of it. Eurozone consumer confidence released on Tuesday is unlikely to spur immediate price action. Similarly, German IFO readings on Wednesday will offer a deeper look into the German economy – but usually lack the price influence of hard data. Outside of data, the index will continue to track the potential escalation of a US-EU trade war. DAX 30 Price Chart: 4 – Hour Time Frame (March – April) (Chart 3)
Nikkei 225 Fundamental Forecast: Bearish In contrast to the DAX, the Japanese Nikkei 225 will have to weather important event risk in the week ahead. Although the Bank of Japan is decidedly set in its monetary policy ways, a report from Bloomberg last week suggests that the central bank may trim its growth forecasts in Thursday's Outlook Report. While the subsequent impact on inflation expectations is uncertain, a lower GDP forecast is likely to weigh on equity strength – none more so than the Nikkei 225. View our Economic Calendar for live data releases and event times in the week ahead. Nikkei 225 Price Chart: Daily Time Frame (January – April) (Chart 4)
Other weekly fundamental forecasts: Gold: Gold Price Weekly Forecast: Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday Euro: Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears USD: US Dollar May Rise on Haven Flows as Markets Turn Defensive –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: History Suggests the Stock Market Will Climb in the Weeks After Easter DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide. Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| S&P 500, DAX, FTSE 100 Technical Forecast Posted: 20 Apr 2019 09:19 AM PDT Hits: 10 S&P 500, DAX, FTSE 100 Analysis and News
Looking for a fundamental perspective on Equities? Check out the Weekly Equities Fundamental Forecast.
Source: Thomson Reuters, DailyFX S&P 500 | Trend Remains Intact, Despite Bearish SignalsGains in the S&P 500 began to ease following a test of 2920 with investors potential booking profits ahead of the Easter holiday. Despite the index trading back below 2900, questions remain whether the failure to break 2920 marks a reversal in the index, while short term indicators also continue to suggest a pullback is due. However, with volatility continuing to drop across multiple assets, trend following remains intact for now, thus keeping a move towards records highs within sight.
DAX | Eyes on Key Trendline From Record PeakThe upward momentum has continued for the DAX, which saw another strong week with the index breaking above the rising channel. Consequently, the index is now eying crucial resistance stemming the 61.8% Fibonacci retracement, which also coincides with the descending trendline from the Jan 2018 record high. With the index also hovering in overbought territory, profit taking may ensue on a test of 12300. DAX PRICE CHART: DAILY TIME FRAME (Dec 2017 – Apr 2019)
FTSE | Weekly Close Above Trendline Keeps Uptrend Going This week saw somewhat sedate price action in the FTSE 100, eeking out marginal gains of 0.3%. However, with the index continuing to trade within the rising channel and making a weekly close above the descending trendline from the record high, the outlook remains modestly bullish for the FTSE 100. As such, this increases the likelihood of a test of topside resistance situated at 7500. On the downside, support is seen at 7420 before the 7390-7400 area.
RESOURCES FOR FOREX & CFD TRADERS Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex. — Written by Justin McQueen, Market Analyst To contact Justin, email him at Justin.mcqueen@ig.com Follow Justin on Twitter @JMcQueenFX Other Weekly Technical Forecast:Crude Oil Forecast: 50% Off the Lows � Can Bulls Continue Rally British Pound Forecast: GBPUSD, EURGBP & GBPNZD US Dollar Forecast: Big Test of Resistance Nearing Gold Forecast: XAU at Support, Fresh 2019 Lows Equities Forecast: S&P 500, DAX, FTSE 100 Technical Forecast Can you get gilded from fx trading? The response is if you go from river forex, and sluttish forex, use algorithms in fxtrading, what is distribution in forex 1 greenback river, netdania forex, verify brimful welfare of the forex system indicators, and inaction the direction fx strategy. We instrument follow win all.
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| Technical analysis of EUR/USD for 19/04/2019 Posted: 20 Apr 2019 09:04 AM PDT Hits: 8 Technical Market Overview: The EUR/USD pair has made a Double Top price formation at the level of 1.1323 that was confirmed by two Bearish Engulfing candlestick formations as well. Since then the market has broken the technical support at the levels of 1.1285, 1.1273 and 1.1249. Moreover, the price has fallen out of the corrective channel as well, so now the top is confirmed. The local low was made at the level of 1.1226, just above the technical support at the level of 1.1220. It does not look like the end of the down move yet and the next targets are seen at the levels of 1.1210 and even 1.1176. Weekly Pivot Points: WR3 – 1.1459 WR2 – 1.1387 WR1 – 1.1347 Weekly Pivot – 1.1275 WS1 – 1.1236 WS2 – 1.1164 WS3 – 1.1121 Trading Recommendations: The sell orders that were placed as close to the level of 1.1323 with a protective stop loss at the level of 1.1332 should be still open. The are chances that the market will return to the down move soon. Any violation of the level of 1.1176 is the first indication of a downtrend resuming.
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| 2018 Is the Year of the Masternodes Cryptocurrencies Posted: 20 Apr 2019 08:15 AM PDT Hits: 10 Digital treaties such as Bitcoin and Ethereum are in the news headlines everyday. The properties that make these cryptocurrency unique is their abilities to act as a store of value, and lightning quick transfer speeds, or at least with the introduction of the lightning network for Bitcoin, and Ethereum 'Casper switch to pos and its smart contract capabilities allow cryptocurrency to be more than just money. Now Masternodes coins are all the rage due to the added incentive it gives to owning a percentage of a certain currency. If you could imagine your good old blue faced hundred dollar bill being on stereoids then you would be close to imagining a masternodes coin. In the world of cryptocurrency, proof of stake is the method of confirming transactional hash that contains the consensus and keeps all the notes on the same page, so that there can not be double spending of any certain transactions and all is well with the network consensus. Staking your coins is a way of utilizing the amount of currency you own and syncing your digital wallet with the network to help maintain it, and in return you receive an incentive for helping validate the transactions. To run a masternodes, one must have a set of coins running on a network and follow the Masternodes setup instructions for whichever currency you are planning on investing in. The added incentive is amazingly more than just staking your coins, in some cases, upwards of 1500 percent annually. It is these astronomical return on investments that is really bringing a ton of attention and investment into the Masternodes market. One crypto planning on releasing a Masternodes coin early 2019 is the Tattoo Allince Token, to be a side chain on the Egem blockchain, whichs on disabling the tattoo industry by creating a tokenized rewards system for both people wanting to buy tattoos and the artists who look forward to applying the artwork in return for the token. I believe this will be an amazing and refreshing idea and a great way to add long term benefits for tattoo artists who up till now have no 401k or incentive program in place. I am optimistic about this crypto since it drives to achieve great rewards and add value to a cash heavy industry. I believe that alongside the Masternodes capabilities, it will also have staking and a smart contract protocol as well as offering decentralized autonomous governance and a memberships rewards program. Look for more on TAT Masternodes token, coming early next year. Can you get princely from fx trading? The tell is if you go from canadian forex, and soft forex, use algorithms in fxtrading, what is distribute in forex 1 bill river, netdania forex, have untouched asset of the forex system indicators, and break the system fx strategy. We gift win win all.
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| Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday Posted: 20 Apr 2019 07:07 AM PDT Hits: 12  Fundamental Forecast for the Gold: Neutral – Gold prices turned lower mid-week as a reinvigorated US Dollar sapped demand for bullion; the combination of strong US equities and a strong US Dollar has been historically negative for Gold prices. – Brexit headlines will reappear now that UK parliament returns to session after its Easter-week holiday on April 23. – The IG Client Sentiment Indexshows that retail net-longs increased despite Gold prices falling to a fresh 2019 low. See our long-term forecasts for Gold and other major currencies with the DailyFX Trading Guides. Gold Price Week in Review Gold prices continued their tumble in what has been a rough April, with fresh 2019 lows hit in several crosses. Gold in USD-terms (XAUUSD) dropped by -1.17% during the holiday shortened week, falling as low as 1271.07, its lowest level since December 27. With risk appetite bolstered as US stocks maintained their gains, Gold prices were also hit versus the higher yielding, higher beta: in AUD-terms (XAUAUD) and CAD-terms (XAUCAD), Gold prices fell by -0.79% and -0.71%, respectively. That other crosses like Gold in EUR-terms (XAUEUR) or in GBP-terms (XAUGBP) couldn't reach new 2019 lows speak to the underlying weakness facing those currencies at present time. Brexit News to Come Back to the Headlines The past week offered a much-needed reprieve from the daily ebb-and-flow of Brexit headlines; a lack of progress in UK parliament warranted a break in public discussions. But Brexit headlines will reappear now that UK parliament returns to session after its Easter-week holiday on April 23. The coming week-plus could have significant influence on how the next several months unfold. UK Prime Minister Theresa May and Labour party leader Jeremy Corbyn have been engaged in cross-party talks to find common ground for the EU-UK Withdrawal Agreement to pass through UK parliament. Early indications from both Labour and Tory party officials suggest that the talks will result in very little. If nothing is agreed upon, it's possible that UK PM May resigns or faces a no-confidence vote from Labour in May (see the full report regarding the near-term Brexit timeline: Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices). The fact is, a return of Brexit concerns to the newswire could prove to something that helps keep Gold prices afloat once more. Pick Your Trade War Influence The US-China trade war talks continue to point towards de-escalation and ultimately a Trump-Xi summit at some point over the coming weeks. Commentary from officials on both sides of the Pacific indicate that a trade agreement could be struck as soon as early-May, with a meeting between the American and Chinese presidents some time in late-May. As has been the case, signs of progress and a relaxation of tensions have been a negative influence on Gold prices. But as one trade war is seemingly subsiding (thanks in part to the US willing to overlook enforcement mechanisms and some of the longstanding intellectual property disputes), the US is seemingly ready to engage on another front: the EU. After the WTO ruled that the EU's subsidies to Airbus (a French company) ran afoul of trade rules, the Trump administration outlined fresh tariffs against the world's largest economic block. A new tit-for-tat war is emerging, and if so, a potential positive influence on Gold prices. Top FX Events in Week Ahead The upcoming economic calendar is sparsely populated with significant economic data, relegating traders to the newswire for event risk for Gold prices. Like the data seen over the course of the past week, upcoming inflation data should give central banks little reason to act one way or another. Neither the upcoming Bank of Canada nor the Bank of Japan will signal policy moves anytime soon. If anything, the late-week initial Q1'19 US GDP report should show that early-year US recession fears were overblown, limiting the scope for immediate dovish policy action by the Federal Reserve – and therefore, representing a late-week risk to Gold prices. Read the full report, FX Week Ahead – Top 5 Events: Australia Inflation; BOC Meeting; US GDP and More. Gold Futures Positioning Holding Net-Long Finally, looking at positioning, according to the CFTC's COT for the week ended April 16, speculators sharply reduced their net-long Gold positions to 56.3K contracts, down from the 105.4K net-long contracts held in the week prior. Net-long Gold positioning is now at its lowest level since the week of December 4, 2018. FX TRADING RESOURCES Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. — Written by Christopher Vecchio, CFA, Senior Currency Strategist To contact Christopher, email him at cvecchio@dailyfx.com Follow him in the DailyFX Real Time News feed and Twitter at @CVecchioFX
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"Only one company can be first. But in the coming years there will be a slew of big winners as 5G becomes mainstream," Matt wrote recently on 
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