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EUR/USD Technical Analysis: Euro Downtrend Ready to Resume?
The Euro is struggling for follow-through on a break of four-month trend resistance. Near-term positioning hinting that the dominant downtrend may soon resume.
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ASX 200 Technical Analysis: Resistance Holds, More Falls Likely
The ASX 200 has staged an impressive little rally from its recent lows but that rally seems to be petering out. Bulls don’t have long to make their case, if they are going to
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DAX 30 Technical Outlook – Upside Not Without its Obstacles
The German benchmark has put in a decent rally off the monthly low, but resistance and trend are at odds with appetite for stocks.
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USD/JPY Technical Analysis: Toward 2018 High with Intermarket Support
JPY is within a whisper of 2018 lows (113.37 per USD,) and a supportive cast of higher sovereign yields and JP equities are firing on all cylinders after Abe is set to start another 3yrs as PM.
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Crude Oil Price Forecast: Option Traders Salivate Over $100/bbl Brent
Trump’s request to OPEC went unheeded in Algiers. Now, the options market is betting on triple-digit crude with a bearish chart pattern standing in the way. If the pattern fails, the uptrend will likely continue unscathed.
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Japanese Yen Technical Analysis: USD/JPY Needs Some Consolidation
The Japanese Yen is under fundamental pressure on all sides, translating into technical weakness. However, the process looks overdone and a pause is probably coming
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XE Market Analysis: Europe – Sep 25, 2018
Most pairings and cross rates have posted narrow ranges so far today, although USD-JPY and some yen crosses saw some movement, rising during the Tokyo AM session before ebbing back. USD-JPY posted a two-month high of 112.98, capping out here in the face of Japanese exporter offers. EUR-USD settled in the mid 1.1700s, below the […]
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XE Market Analysis: North America – Sep 25, 2018
The Euro traded firmer amid a sharp drop in BTP yields on fresh signs of budgetary prudence from the new populist government in Italy. The biggest mover was EUR-CHF, which was up 0.3% as of the early London PM. EUR-USD was choppy, posting a high at 1.1774, then dropping to a 1.1733 low before lifting […]
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XE Market Analysis: Greenback Trades in Negative Territory Ahead of Fed Meeting
OVERVIEW The Dollar Index is lower against G-10 peers amidst growing trade tensions The Euro is trading near a 3-month high following hawkish comments from ECB President Draghi Still no breakthrough on NAFTA with talks reopening Wednesday Oil futures move higher, up 45 cents on the day to trade near a 4-year high HIGHLIGHT
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