News
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GBP/USD Sentiment is Unable to Provide a Clear Direction
The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.
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Global Markets Extend Losses as Weekly S&P Shorts Drop 14%
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
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EUR/USD: A 17% Decrease in Long Positioning Leads to a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
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Gold Sentiment Prompts a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.
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Bitcoin Sentiment Sparks a Bullish Bias
Recent changes in sentiment warn that the current Bitcoin Cash price trend may soon reverse higher despite the fact traders remain net-long.
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AUD/USD Technical Analysis: Bounce May Yield Short Trade Setup
A near-term Australian Dollar bounce may offer an opportunity to enter short before the dominant, long-term down trend is reasserted.
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EUR/GBP Technical Analysis: Range Support May Come Under Fire Next
EUR/GBP prices solidified their consolidation mode as traders eagerly await a breakout. Negative RSI divergence warns that the horizontal range of support could be under fire next.
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S&P 500 & Dow Jones Charts: Volatility May Simmer Down After Springboard Bounce
It’s been a wild week of trading with the market tanking into support then posting a fierce rally yesterday; operations need to be focused on short-term maneuvers right now.
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CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD
USDCAD continues its upward trajectory, while CADJPY has scope for a move towards 82.00. Potential pullback for EURCAD after failure to close above trendline.
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XE Market Analysis: Asia – Dec 06, 2018
The Dollar was mostly lower in N.Y. on Thursday, with some soft-ish data weighing some, and profit taking setting in after the DXY made four-session highs on Wednesday. Incoming data included as softer ADP jobs reading, a widened trade deficit, and a higher than forecast initial jobless claims outcome. The DXY fell to 96.56 lows […]
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Xe Currency Market Analysis: US Dollar under pressure as Yields Continue to Fall
OVERVIEW The US Dollar weakens against a basket of currencies as bond yields tumble This Greenback weakness pops up the Pound as we prepare for the ‘meaningful vote’ on the Brexit separation arrangement The Canadian dollar continues to weaken as Governor Poloz states the economy is weaker than expected HIGHLIGHT
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XE Market Analysis: Europe – Dec 07, 2018
Currencies have been mixed in trade so far today. The Yen has seen some of its safe haven premium unwind, concomitantly with a steadying in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have drifted back towards lows. EUR-USD has settled to […]
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XE Market Analysis: North America – Dec 07, 2018
The Dollar majors have seen narrow ranges so far today as market participants collectively sit on their hands into the U.S. employment report release. The Yen saw some of its safe haven premium unwind, concomitantly with a rebound in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar […]
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Bank Negara int'l reserves slipped to US$102b as at Nov 30
KUALA LUMPUR (Dec 7): The international reserves of Bank Negara Malaysia (BNM) slipped 0.1% to US$102 billion as at Nov 30, 2018, from US$102.1 billion…
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Japan pushes on with TPP-11 with U.S., China at odds
TOKYO (Dec 7): Japan appears determined to embrace a leading role in making international trade rules, even as the economic conflict between the U.S. and…
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Fearing 'Act IV' of unrest, France to close Eiffel Tower, Louvre, at weekend
PARIS (Dec 7): France will close the Eiffel Tower and other tourism landmarks in Paris and draft in thousands more security forces on Saturday to stave…
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OPEC talks end without oil-cuts deal as Russia holds back
LONDON/CAIRO (Dec 7): OPEC ended talks without a deal on oil production cuts for the first time in nearly five years as Russia flexed its…
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Malaysia can only be considered developed if people can resist corruption — Tun M
PUTRAJAYA (Dec 12): Prime Minister Tun Dr Mahathir Mohamad said today that Malaysia and Malaysians can only consider themselves developed when they can resist corruption…
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RM19.47 bil in GST refunds not paid to 121,429 people and companies
KUALA LUMPUR (Dec 7): The former Government failed to reimburse RM19.47 billion in Goods and Services Tax (GST) refunds to 121,429 companies and individuals, said…
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FBMKLCI marks 4th straight day of losses as trade war tensions weigh again
KUALA LUMPUR (Dec 7): External factors weighed on the FBMKLCI on Friday, which extended its losses for the fourth consecutive day as blue chips declined. Lee…
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Scomi Group seeks judicial management protection for three units
KUALA LUMPUR (Dec 7): Three subsidiaries of Scomi Group Bhd have applied for judicial management at the Shah Alam High Court today to temporarily shield…