Date archive forApril, 2018
By gossewestra On Saturday, April 21st, 2018
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EUR/USD Weekly Technical Outlook: Euro Price Coiling Up, ECB Nearing

The euro’s price action is bringing it closer to the apex of a triangle set to break relatively soon; key event risk this coming week arrives via the ECB…  More...

By gossewestra On Saturday, April 21st, 2018
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Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

First-quarter US GDP data and an ECB monetary policy announcement headline an action-packed set of top-tier event risk in the week ahead.  More...

By gossewestra On Saturday, April 21st, 2018
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Breaking of Ranges is Unlikely To Be on the Cards for Gold

Gold prices slid amid rising expectations of 3 more rate hikes, pricing now at 44%, alongside easing geopolitical tensions. Looking ahead, US GDP and Trade Balance could instigate notable price action in the bullion.  More...

By gossewestra On Saturday, April 21st, 2018
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FX Markets Show Speculative Complacency Has Not Been Resolved

A shot of volatility for equities and other favored capital markets was the first serious jolt many traders who have only been in the markets for a short period had ever experienced.  More...

By gossewestra On Saturday, April 21st, 2018
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S&P 500, DAX & FTSE – Outlook Shrouded in Uncertainty

Looking ahead to next week, we’ll be more focused on letting the market show its ‘true colors’ as the outlook is a bit hazy at the moment; ECB in the spotlight for the DAX  More...

By gossewestra On Saturday, April 21st, 2018
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OPEC Approaches ’Mission Accomplished’ Moment in Jeddah, WTI nears $70

Last week provided another feather in the cap for crude oil bulls with a combination of bullish comments from the IEA, tightening physical supplies from EIA, and OPEC’s progress.  More...

By gossewestra On Saturday, April 21st, 2018
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Australian Dollar Faces Potential Local CPI and US GDP Miss

The Australian Dollar fundamental outlook is neutral as key local and US data might both underperform. Can risk trends take the spotlight in such a scenario?  More...

By gossewestra On Saturday, April 21st, 2018
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Yen Weakness Remains as Japanese Inflation Settles: The BoJ is On Deck

After a spike in the early portion of the year inflation has started to settle in Japan, and with the BoJ on the calendar for next week, the door remains open for a continuation of Yen weakness.  More...

By gossewestra On Saturday, April 21st, 2018
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GBP: The Trend Remains Your Long-Term Friend

Sterling traders have had a busy week with data prints and commentary from Bank of England Governor Mark Carney weighing on GBP.  More...

By gossewestra On Saturday, April 21st, 2018
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US Dollar Looks to GDP Data for Another Upward Push

The US Dollar is eyeing first-quarter GDP data with hopes for another upward push having mounted a spirited recovery amid swelling Fed rate hike speculation.  More...