Tag Archives: Forex

Euro Testing 1.13 – Is Relief in Sight?

Euro is trading into fresh yearly lows today with price now testing key near-term support objectives. Here are the updated targets and invalidation levels that matter on the EUR/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. EUR/USD Daily Price Chart Technical Outlook: In my Weekly Technical Perspective on Euro we noted that

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Sell-off Approaching Key Support Targets

Crude oil prices have plummeted nearly 14% off the July highs with the decline now approaching broader up-trend support. Here are the updated targets and invalidation levels that matter on the Crude Oil charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Crude Oil Daily Price Chart (WTI) Technical Outlook: In last week’s Technical

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DXY Index Extends Gains as EM Pressure Continues to Build

Talking Points: – USD/TRY has extended its retracement, but not because of improving conditions between the US and Turkey, but rather because the Turkish government is making it harder for foreigners to short the Lira. – A weak earnings report by a major Chinese financial institution has done more to move emerging markets today than anything out of Turkey. –

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Lackluster U.S. Retail Sales Report to Curb EUR/USD Losses

Trading the News: U.S. Advance Retail Sales Updates to the U.S. Retail Sales report may spark a bearish reaction in the U.S. dollar as household spending is expected to increase 0.1% in July versus the 0.5% expansion the month prior. A marked slowdown in private-sector consumption may dampen the appeal of the greenback as it casts a weakened outlook for

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US Dollar and Yen Rise, Lira Falls as Turkey Hits US with Tariffs

TALKING POINTS – US DOLLAR, YEN, TURKEY, STOCKS, UK CPI, POUND US Dollar, Yen rise as market sentiment sours anew in APAC trade Aussie and New Zealand Dollars fall alongside stocks, Turkish Lira British Pound may overlook UK CPI as BOE eyes Brexit uncertainty Haven-seeking capital flows buoyed the US Dollar as risk appetite soured anew after yesterday’s tepid recovery

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Crude Oil Prices May Fall if EIA Inventory Data Echoes API Call

CRUDE OIL & GOLD TALKING POINTS: Crude oil prices may fall further on EIA report Gold prices digest losses after dramatic selloff TIC data may overshadow retail sales statistics Crude oil prices swung lower as members of a UK union at three Total-owned rigs agreed to negotiations on hours and pay following a series of strikes. The news hinted at

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Tepid Australia Wage Price Index (WPI) to Keep AUD/USD Under Pressure

Trading the News: Australia Wage Price Index (WPI) Updates to Australia’s Wage Price Index (WPI) may keep AUD/USD under pressure as the gauge for household earnings is expected to hold steady at 2.1% per annum for the fourth consecutive quarter. Signs of subdued wage growth should keep the Reserve Bank of Australia (RBA) on the sidelines as ‘household income has

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