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US Dollar Drops as ISM Manufacturing Slides Toward Contraction

Posted: 01 Aug 2019 08:30 AM PDT

The Institute for Supply Management's Manufacturing Index declined further in July with the headline figure reading 51.2, down from 51.7 in the previous month - pressuring the US Dollar.

DAX 30 and FTSE 100 Price Forecast: May Keep Falling Below These levels

Posted: 01 Aug 2019 07:45 AM PDT

Yesterday, Dax 30 and FTSE 100 rebounded from important technical levels. Here are the key chart points traders on both indices may encounter in the few coming days.

Why Trade Foreign Exchange? | Rupert Osborne | Podcast

Posted: 01 Aug 2019 06:34 AM PDT

IG US CEO Rupert Osborne talks forex vs stocks, and hints at the future of the pound.

Harami Candlestick Patterns: A Trader’s Guide

Posted: 01 Aug 2019 06:07 AM PDT

Learn to trade forex with Harami candlestick patterns. Our guide explores harami patterns in depth and the best trading strategies.

US Dollar Rises on Non-Committal Fed, GBP & EUR Extends Losses - US Market Open

Posted: 01 Aug 2019 06:05 AM PDT

The US Dollar has continued to extend on its Fed induced gains. GBP dips below 1.21, while BoE fails to spark volatility. Eurozone PMIs provide a reminder that ECB stimulus is needed.

USD Rate Cut Rally: US Dollar to Fresh Two-Year-Highs After FOMC

Posted: 01 Aug 2019 06:00 AM PDT

Yesterday's FOMC brought a big move of USD strength as Gold prices breached short-term support. The focal point for today is around US equities.

Spot Gold: Traders Remain Net-Long with Slight Decrease in Net-Long Positions from Last Week

Posted: 01 Aug 2019 05:49 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 Spot Gold-bearish contrarian trading bias.

USD/JPY: Number of Traders Net-Long Decreases by 14.8% from Last Week

Posted: 01 Aug 2019 05:38 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 USD/JPY-bearish contrarian trading bias.

CADJPY Chart Rolling Over

Posted: 01 Aug 2019 05:10 AM PDT

CADJPY has a couple of technical developments unfolding that suggest we could see another down-leg soon.

BoE Cuts Growth Outlook, Sterling (GBP) Unmoved

Posted: 01 Aug 2019 04:15 AM PDT

BoE unanimously keeps rates at 0.75% as Brexit uncertainty continues to devaluate the pound and adjusts forward guidance to acknowledge the slump in global growth.

USD/JPY, GBP/JPY Price Outlook: Critical Levels to Consider

Posted: 01 Aug 2019 02:35 AM PDT

Today, USD/JY has printed its highest levels in two months meanwhile, GBP/JPY outlook still bearish. Here are the significant technical levels traders on those pairs may need to monitor

Gold Price and Silver Technical Outlook Post-FOMC Turns Negative

Posted: 01 Aug 2019 02:30 AM PDT

The FOMC cut rates yesterday by 25-bps as expected and find themselves today with sellers in charge, gold on the verge of reversing a recent wedge-break.

EURUSD Slides to Two-Year Low, Oversold Signal Flashing

Posted: 01 Aug 2019 01:41 AM PDT

EURUSD is trading at lows last seen over two years after breaking noted support at 1.1107. While the outlook remains weak for the pair, the market is flashing a short-term oversold signal.

Sterling (GBP) Expected to be the Most Volatile Currency Amid Bank of England Risk

Posted: 01 Aug 2019 01:05 AM PDT

All eyes on BoE for GBP traders as they provide their latest forecasts. BoE to remain cautious amid rising risks of a no-deal Brexit.

BoE Preview: GBPUSD Rate Vulnerable to Dovish Forward Guidance

Posted: 31 Jul 2019 11:30 PM PDT

The Bank of England (BoE) interest rate decision may shake up the near-term outlook for GBPUSD if the central bank alter the forward guidance for monetary policy.

GBPUSD Likely to Extend Decline After BoE Amid Rising Brexit Risk

Posted: 31 Jul 2019 11:30 PM PDT

US Dollar strength may continue to pressure GBPUSD as Brexit risks mount and an anxious BoE prepares to announce its rate decision and outlook for the UK.

USD/MYR Downtrend at Risk as USD/SGD, USD/PHP and USD/INR Follow

Posted: 31 Jul 2019 10:00 PM PDT

The Malaysian Ringgit is at risk to the US Dollar after USD/MYR cleared resistance. The USD/SGD may accelerate its uptrend as the USD/INR and USD/PHP climb towards resistance.

Brazil Central Bank Slashes Selic Rate 50bp, Signals Future Cuts

Posted: 31 Jul 2019 08:30 PM PDT

The Brazilian central bank surprised investors after it slashed the benchmark Selic rate by 50 basis points and signaled future rate cuts amid growth concerns and pension reforms.

Crude Oil and Gold Prices May Fall Further on BOE Rate Decision

Posted: 31 Jul 2019 08:30 PM PDT

Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets' ultra-dovish policy outlook.

USDNOK, USDSEK Technical Analysis Post-FOMC Rate Decision

Posted: 31 Jul 2019 07:00 PM PDT

USDNOK and USDSEK spiked after the Fed surprised less dovish and now both pairs are on track to resume their prior uptrends.

Fed’s Powell Shakes the Dow and Dollar as Markets Confused on Next Steps

Posted: 31 Jul 2019 06:15 PM PDT

Fed rate decisions often leave the markets a little shell-shocked on what the future holds, thanks largely to heavy speculation. After the central bank's cut this past session, the responsibility rests solely with the Fed.

EURUSD Searches for Support as Fed Tames Bets for Rate Easing Cycle

Posted: 31 Jul 2019 05:30 PM PDT

EURUSD searches for support ahead of the US Non-Farm Payrolls (NFP) report as the Federal Reserve tames speculation for a rate easing cycle.

USD Soars on Fed, Gold Price Cleared Support on Less Dovish Powell

Posted: 31 Jul 2019 04:00 PM PDT

The US Dollar soared as the Fed cut rates for the first time since 2008 but Chair Jerome Powell surprised less dovish, increasing the risk of a reversal in anti-fiat gold prices.

US Dollar Price Action Eyes BOE, PMI Data Post-Fed Rate Cut

Posted: 31 Jul 2019 03:00 PM PDT

The August Bank of England meeting and a string of manufacturing PMI data releases out of China, Canada and the US will follow the FOMC's first rate cut in a decade. Where might the US Dollar head next?

Dow Jones, Nasdaq 100, S&P 500 Price Action Setups Post FOMC

Posted: 31 Jul 2019 01:30 PM PDT

Fed Chairman Jerome Powell delivered a range of monetary policy statements after issuing a 25-basis point rate cut, but what do they mean for the Dow Jones, Nasdaq and S&P 500?
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