News
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CoT Update: Crude Oil Speculative Long Positioning to Keep Shrinking
Last week, large speculators continued to sell as crude oil weakened, and with the techs turning broadly negative this is likely to continue.
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S&P 500: Weekly Long Positions Climb 24% to Multi-Month High
The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
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GBP/USD: Cable Hangs at September Support; Can it Hold the Lows?
The British Pound remains mired in a sell-off against the US Dollar, finding a bit of support at the September swing-lows. Can this hold the declines, or are we one headline away from fresh lows?
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Technical Forecast for Hang Seng Index, Taiwan Index
Hang Seng Index may find some support while Taiwan Index could head lower. Here are the levels to watch:
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NZD/USD Technical Analysis: NZ Dollar Trying to Resume Down Trend
The New Zealand Dollar is attempting to resume the downward trend against its US counterpart after being rejected at six-month chart resistance.
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EURUSD Elliott Wave Forecast Points Towards Temporary Correction
The Elliott wave forecast for EURUSD suggests that the current bear trend from September is temporary and a bullish wave may begin soon.
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ASX 200 Technical Analysis: Can Support Hold Into Month End?
ASX 200 bulls have had a shocking month, but they have at least managed to stage a defense of key lows
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XE Market Analysis: Europe – Oct 29, 2018
Narrow ranges have prevailed so far today in forex markets. EUR-USD has nudged above 1.1400, but the range has been less than 20 pips. USD-JPY has posted a narrow range so far, marked by 111.77 and 112.04, holding comfortably within the range seen on Friday. While USD-JPY’s fundamentals (yield differentials and the associated contrast between […]
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XE Market Analysis: North America – Oct 29, 2018
It’s been a slow start to the week in terms of direction in currency markets. EUR-USD ebbed back under 1.1400 after failing to sustain gains above this level. An intraday low was printed at 1.1360 and the pair has since settled around the 1.1380-90 area. Italy’s 10-year yields fell nearly 10 bp to near four-week […]
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XE Market Analysis: Merkel's Career Announcement Weighs on Euro
OVERVIEW British cartel traders were acquitted of rigging currency market US spending and inflation beats estimates, pushes Gold down and the Greenback up. Brexit continues to plague GBP with continued uncertainty HIGHLIGHT
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XE Market Analysis: Asia – Oct 29, 2018
The dollar firmed up in N.Y. trade on Monday, taking the DXY to highs of 96.70, just under Friday’s two-plus month peak of 96.86. Incoming data was mixed, with earnings on the light side, but spending higher than forecast. Risk-on conditions returned, though Wall Street ended well off its highs. EUR-USD was range bound between […]
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Banks to report cash transactions above RM25,000 from Jan 1, 2019
KUALA LUMPUR (Oct 30): Effective Jan 1, 2019, banks will have to report any cash transactions exceeding RM25,000 in their daily cash threshold report, down…
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Brent crude prices dip on rising supply, global market woes
SINGAPORE (Oct 30): Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite…