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- EUR/USD Mid-Session Technical Analysis for August 2, 2018
- The Euro is under pressure on Thursday thanks to flight-to-safety buying into the U.S. Dollar. Fear of an escalation of the trade dispute between the United States and China is driving investor out of risky assets like stocks and risky currencies like the...
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- USD/JPY Fundamental Daily Forecast – Yen Rises on Flight-to-Safety Buying Fueled by Trade Concerns
- The Dollar/Yen is trading lower shortly before the U.S. opening. The Forex pair is trading inside yesterday’s range which suggests investor indecision and impending volatility.At 0959 GMT, the USD/JPY is trading 111.510, down 0.202 or -0.18%.Vo...
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- Three good shorts: EURUSD, CHFJPY and FTSE
- FOMC decision from yesterday did not surprise the market participants. For sure, the bullish approach towards the USD is still on the market. EURUSD is on a good way to test the lower line of the symmetric triangle pattern. Breakout is very probable, with...
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- Natural Gas Price Fundamental Daily Forecast – EIA Estimate 43 BCF; Market Firms Over $2.751, Weaken
- Natural gas futures are edging lower early Thursday, shortly before the regular session opening and the release of the weekly government storage report at 1430 GMT. The weakness is being fueled by a combination of technical and fundamental factors.At 0828...
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- USD/CAD Daily Price Forecast – US Greenback Late To Pick Up on Boost from FOMC Statement
- The USDCAD pair is currently trading at 1.3019 with 0.12% increase in value as Canadian Loonie managed to hold back US Dollar’s momentum until late hours of Asian market session on Thursday. This was because of mixed market reaction post yester...
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- Commodities Daily Forecast – August 2, 2018
- GoldThe gold prices continued to drift lower during Wednesday’s session, as the market continued to witness negativity. The market is expecting some kind of movements from the FOMC meeting outcome and US job numbers. Given the momentum, the mar...
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- Price of Gold Fundamental Daily Forecast – Price Action Suggests Fed News Was Fully-Priced into Mark
- Gold futures are trading lower early Thursday, remaining inside yesterday’s range and Tuesday’s wide range. This indicates investor indecision and impending volatility. Traders seem to be respecting Tuesday’s technical rev...
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- Oil Price Fundamental Daily Forecast – Rising Production, Trade Dispute Fears Likely to Continue to
- Profit-taking and position-squaring is helping to boost U.S. West Texas Intermediate and international-benchmark Brent crude oil futures early Thursday after two days of heavy selling pressure. However, the move isn’t convincing enough to chase...
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- Forex Daily Outlook – August 2, 2018
- EUR/USDThe Euro pulled back slightly during the Wednesday’s session reaching down towards the 1.1675 level which offered a bit of support. The market is likely to be in a range bound movement until the US job numbers are released on Friday. The...
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- AUD/USD and NZD/USD Fundamental Daily Forecast – Slew of Bearish Factors Weighing on Aussie, Kiwi
- The Australian and New Zealand Dollars are trading lower mostly in reaction to increased trade tensions between the United States and China, the weaker Yuan and the hawkish comments from the U.S. Federal Reserve last Wednesday.At 0632 GMT, the AUD/USD is...
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- GBP/USD Daily Price Forecast – GBP/USD Trades Flat Ahead of BOE Rate Decision
- The GBPUSD pair moved downtrend post FOMC update but remains trapped in this week’s short price band range. As of writing this article the pair is trading at 1.3101 down 0.20% when compared to closing price of Wednesday however a look at hourly...
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- EUR/USD Daily Price Forecast – EUR/USD Moves Downtrend Post FOMC Update
- The EUR/USD could be in for a big move soon, having spent more 1.5-month in the narrowing price range or pennant pattern. As of writing, the pair is trading at 1.1649 with 0.09% decrease in value. Resurgent US dollar demand across the board is the main un...
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- NEM’s XEM Technical Analysis – Resistance Tested Early – 02/08/18
- Key HighlightsNEM’s XEM fell by 1.79% on Wednesday, following Tuesday’s 5.31% slide, to end the day at $0.15921.A start of a day intraday high $0.16211 fell well short of the day’s first major resistance level at $0.1707 a...
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- Intraday Charts Update: Channels On GBP/JPY & GBP/AUD
- Partner CenterFind a BrokerToday’s intraday charts update is mainly for the trend playas out there since I’m serving up a couple of channels on GBP/JPY and GBP/AUD.GBP/JPY: 1-HourGBP/JPY: 1-Hour Forex ChartIf we zoom out a bit on GBP/JPY’s 1-hour chart, w...
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- Natural Gas Price Prediction – Prices Slip Following Soft Manufacturing Data
- Natural gas prices moved lower on Wednesday for the second consecutive trading session. Weaker than expected U.S. manufacturing data offset a warmer than expected weather forecast.  Prices slipped through support near the 10-day moving average at...
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- Gold Price Prediction – Gold Slips Lower as Fed Remains on Hold
- Gold prices moved lower on Wednesday but was unable to pierce through the July lows.  Gold faces continued headwinds as the Fed remained on hold during the monetary policy meeting but signaled in their commentary that rates would likely rise in S...
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- E-mini Dow Jones Industrial Average (YM) Futures Analysis – August 1, 2018 Forecast
- September E-mini Dow Jones Industrial Average futures are called lower based on the early trade. Dow traders are reacting more to the threat of additional tariffs on China more than the other indexes. A strong rise in shares of Apple could be underpinning...
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- E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 1, 2018 Forecast
- September E-mini NASDAQ-100 Index futures are expected to open higher based on the early session trade. The market is being driven higher by upbeat earnings from Apple. Investors are also waiting for the Fed announcement at 1800 GMT. Although the central...
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- E-mini S&P 500 Index (ES) Futures Technical Analysis – August 1, 2018 Forecast
- September E-mini S&P 500 Index futures are expected to open flat based on the pre-market trade. The market seems to have absorbed the threat of increased tariffs on China and now investors await the Fed’s interest rate decision and monetary...
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- Crude Oil Price Update – Trend Changes to Down on Trade Through $67.56
- U.S. West Texas Intermediate crude oil prices are trading lower on Wednesday shortly before the regular session opening. The market is being pressured by a report from the American Petroleum Institute (API) which showed a crude oil inventory build of 5.59...
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- Master Candle Breakout on Gold
- The Master candle breakout (blue highlight) happened exactly below 1223.48 and the price went to 1219 zone subsequently. This indicates a range play with continuation possibilities. Below 1219, targets are 1215.50 and 1213. 1208.82 is the final daily proj...
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- Gold Price Futures (GC) Technical Analysis – August 1, 2018 Forecast
- Gold is trading lower shortly before the regular session opening, but it’s actually putting in a mixed performance. It’s also trading inside yesterday’s range which indicates investor indecision and impending volatility.At...
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- EUR/USD Mid-Session Technical Analysis for August 1, 2018
- The Euro is trading lower shortly before the U.S. opening on Wednesday. The early pressure came from flight-to-safety buying into the U.S. Dollar on reports that President Trump was preparing to announce additional tariffs against China.At 1050 GMT, the E...
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- Natural Gas Price Fundamental Daily Forecast – Break into $2.751 to $2.732 Could Attract Buyers
- Natural gas futures are trading lower Wednesday, shortly before the regular session opening. The weakness is being fueled by a combination of technical and fundamental factors.At 1024 GMT, September natural gas futures are trading $2.764, down $0.020 or -...
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- DAX Index Price Forecast – DAX Turns Choppy
- The DAX index spent much of the day yesterday trading in a choppy manner with no specific direction as the index moved up in a slow and steady manner and then moved down as well. The result of all this moves was that the index did not move much in any spe...