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CAD Outperforms, Turkish Lira Spikes Higher, Brazilian Real Drops as GDP Contracts - US Market Open

Posted: 30 May 2019 07:00 AM PDT

A relatively muted affair in the G10 FX space with the US Dollar index flat throughout the European morning. TRY jumps as tensions between the US and Turkey ease.

GBP/JPY Price Forecast: Bearish Momentum Showing Signs of Weakness

Posted: 30 May 2019 06:00 AM PDT

GBP/JPY Could correct higher with signes of sellers hesitation. Here are the important technical levels of support and reisistance the pair may likely to encounter in the coming days.

US-German Yield Spread Falls, Potentially Benefiting EURUSD

Posted: 30 May 2019 05:30 AM PDT

Government bond yields are dropping as investors opt for the safety of Government debt on fears that the global economy is slowing, and a lower US-German spread could help the Euro vs the Dollar.

EUR Technical Analysis Overview: EURUSD, EURGBP

Posted: 30 May 2019 04:00 AM PDT

EURUSD downtrend persists, 2019 lows in focus, while EURGBP bullish momentum eases following record win streak.

Crude Oil Prices Edging Higher Towards Key Resistance Levels

Posted: 30 May 2019 02:30 AM PDT

Crude oil prices are heading slowly towards important “round number” resistance levels: $60 per barrel for US crude and $70 per barrel for Brent crude as US inventories drop by more than expected.

ECB President Election – The Fate of the Euro Under Draghi’s Successor

Posted: 30 May 2019 02:30 AM PDT

The “horse trading” for the EU’s top jobs has started and Germany, Finland and France all have strong contenders in the race to become the ECB’s new president. Whilst all the candidates have ample experience in the industry, each one has differing views on how to implement the Eurozone’s monetary policy.

Gold Price Outlook in Favor of Sellers, Silver Leading the Way Lower

Posted: 30 May 2019 01:01 AM PDT

Precious metals remain vulnerable to more selling as gold flirts with an important trend-line break, silver sellers are already in control.

Oil Prices Remain Battered as Monthly Opening Range Cracks

Posted: 30 May 2019 01:00 AM PDT

Recent developments raise the risk for a larger correction in crude as the price of oil fails to retain the monthly opening range for May.

Gold Prices May Break Out as US GDP Data Shapes Fed Outlook

Posted: 29 May 2019 11:30 PM PDT

Gold prices are coiling up for a breakout, with a revised set of first-quarter US GDP figures lining up as a would-be catalyst.

EURUSD Outlook Hinges on US GDP, Trade Wars, Iran Sanctions

Posted: 29 May 2019 11:30 PM PDT

EURUSD traders will be on their toes ahead of the release of US GDP and rising cross-Atlantic tensions over a divergence in policy on Iran.

S&P 500 Downtrend Eyed, US-China Trade Deficit Risks Irking Trump

Posted: 29 May 2019 10:00 PM PDT

Stock volatility may be revived later in the day with the S&P 500 downtrend in focus ahead of US trade deficit data that risks sinking sentiment if Trump expresses his displeasure with it.

Asian Stocks Hit Again By US-China Trade Worries, Treasury Yields

Posted: 29 May 2019 09:55 PM PDT

Most Asia Pacific mainboards were hit again after another Wall Street slide. South Korea’ s Kospi managed to buck the trend, though, with tech stocks bought.

Dow, S&P 500 Forge Ahead on Reversal Patterns, Is There Enough Fear to Fuel?

Posted: 29 May 2019 09:41 PM PDT

There is a weight to technical developments through benchmark risk assets that should not be underestimated. That said, does the progress on head-and-shoulders reversals for the Dow and S&P 500 define the next stage of global reversal?

NZDUSD Rate Eyes 2019-Low as RBNZ Warns of China Spillover

Posted: 29 May 2019 08:30 PM PDT

NZDUSD appears to be on its way to test the 2019-low (0.6482) as the exchange rate reverses the recent string of higher highs and lows.

Australian Dollar Tumbles As Capex, Building Approvals Fall Short

Posted: 29 May 2019 06:33 PM PDT

The Australian Dollar was already under pressure as US-China trade war worries weigh on local interest rate forecasts. Now more weak data have hit too.

USDBRL, Ibovespa Wobble at Key Price Levels Ahead of GDP Data

Posted: 29 May 2019 05:30 PM PDT

The Brazilian Real and Ibovespa equity index may feel pain ahead of the release of local inflation and GDP data after a painful first quarter.

Crude Oil Prices Avoid Breakout on US Bond Auction, CAD Recovers

Posted: 29 May 2019 04:00 PM PDT

Crude oil prices clocked in a last-minute recovery with the Canadian Dollar, but oil may soon again find itself retesting support at 57.34. AUD/USD gains on Capex data may not last.

USDMXN: Banxico GDP Cut Overlooked as US Trade Balance Eyed

Posted: 29 May 2019 03:27 PM PDT

The Mexican Peso gained against the US Dollar on Wednesday despite Mexico's central bank slashing 2019 GDP forecasts as currency markets await US Advanced Goods Trade Balance data tomorrow.

Stock Market Outlook: Dow Jones and S&P 500 Selling Gains Pace

Posted: 29 May 2019 02:05 PM PDT

The Dow Jones and S&P 500 faced considerable selling pressure in Wednesday trading, sending the indices beneath critical support levels.

GBPUSD: 79.2% of Traders are Net-Long Suggesting Continued Depreciation of Sterling against the Dollar

Posted: 29 May 2019 01:10 PM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.

Gold & US Dollar Threaten Breakout as Rate Volatility Spikes

Posted: 29 May 2019 12:12 PM PDT

Implied volatility across asset classes is climbing higher amid rising global risks which could foreshadow substantial price moves in gold and the US Dollar.

Trade Wars and Tariffs Have Put the US Auto Industry in Peril

Posted: 29 May 2019 11:05 AM PDT

With the US auto industry cutting jobs at the quickest pace since the Great Financial Crisis, USMCA uncertainty and a prolonged US-China trade war will only continue weigh on the sector.

USDCAD Bullish Range Breakout Eye as Crude Oil Prices Hit Monthly Low

Posted: 29 May 2019 10:30 AM PDT

The Canadian Dollar is under pressure after the Bank of Canada’s May policy meeting, while oil prices have been hit by global growth concerns.

USDJPY: Net-Short Positions Decreased by 9.1% from Last Week

Posted: 29 May 2019 09:54 AM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

EURUSD: Net-Short Positions Decreased by 1.9% from Last Week

Posted: 29 May 2019 09:34 AM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
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