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- GBP/USD Price Forecast – British pound turns around and US session
- The British pound has turned around after initially falling during the day on Monday. The market was of course very concerned about the entire turkey situation, but also we have to worry about the Brexit when it comes to this pair. With the Turkish lira c...
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- Natural Gas Price Forecast – natural gas markets chop on Monday
- Natural gas markets initially drifted down towards the $2.91 level before bouncing on Monday. The market ended up rolling over though later as the Americans were on board, and I think we are starting to see the first vestiges of selling pressure in this m...
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- Gold Price Forecast – Gold markets fall again as US dollar strengthens
- Gold markets broke down a bit during the trading session on Monday as traders came back from the weekend. There is a lot of concern with Turkey, and of course this scent the US dollar higher. This has put a lot of negativity in the precious metals sector,...
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- Silver Price Forecast – Silver markets continue to drift lower
- Silver markets were negative during the trading session on Monday, as traders came back from the weekend. The US dollar has strengthened, which of course has pushed the Silver markets lower. However, as the US dollar pulled back a bit after Turkey blinked...
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- Crude Oil Price Forecast – crude oil markets noisy to kick off the week
- WTI Crude OilThe WTI Crude Oil market drifted lower during the session on Monday, reaching towards the $67 level. That’s an area that had been resistance in the past, as well as support. In fact, it was the bottom of the overall support level t...
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- USD/JPY Forex Technical Analysis – Moving Back to the Strong Side of Major Retracement Zone at 110.6
- The Dollar/Yen is trading higher early Tuesday. The Forex pair is being underpinned by an easing of tensions in Turkey and rising U.S. Treasury yields. Technical factors also played a role in stopping the price slide on Monday as buyers came in near the b...
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- S&P 500 Price Forecast – stock markets rally as Turkey blinks
- The S&P 500 was very noisy in premarket trading on Monday as fears about the US dollar strengthening too much because of the Turkish lira crashing gripped the market. There was also concern about European banks and whether or not there exposure to Tur...
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- Crude Oil Price Update – Major Retracement Zone at $66.95 to $65.92 Controlling Longer-Term Directio
- U.S. West Texas Intermediate crude oil futures are trading higher early Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply. Early Monday, crude oil broke sharply on fears of lower deman...
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- AUD/USD Forex Technical Analysis – Trend Down, but Ripe for Counter-Trend Reversal
- The Australian Dollar is trading slightly higher early Tuesday, but inside yesterday’s range. This tends to indicate investor indecision and impending volatility. We’re probably looking at some short-covering amid easing tensions in...
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- AUD/USD Forex Technical Analysis – Walking Down Weekly Gann Angles at .7284 and .7277
- The Australian Dollar finished sharply lower last week. The selling was driven by a combination of dovish central bank comments and aversion to risk. Although the Reserve Bank of Australia sounded upbeat about the economy, policymakers agreed that the nex...
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- Monero Technical Analysis – Looking for Early Support – 13/08/18
- Key HighlightsMonero’s XMR fell by 0.15% on Sunday, following Saturday’s 1.54% gain, to end the day at $92.91.A start of a day dip to an intraday low $91.41 saw Monero’s XMR steer well clear of the first major support leve...
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- Gold Price Futures (GC) Technical Analysis – Plenty of Room to Downside, but Also Ripe for Reversal
- Gold futures finished lower last week. The weakness was fueled by a stronger U.S. Dollar, which helped drive down foreign demand for the dollar-denominated gold market. The catalysts behind the selling pressure was aversion to risky assets which drove inv...
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- Bitcoin Cash, Litecoin and Ripple Daily Analysis – 13/08/18
- Bitcoin Cash On the Up, For NowBitcoin Cash gained 1.21% on Sunday, reversing Saturday’s 1.07% fall, to end the day at $571, the moves through the week leaving Bitcoin Cash down 19.5% Monday through Sunday and a 3rd consecutive sub-$600 level e...
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- Crude Oil Price Update – Weekly Retracement Zones Controlling Price Action
- U.S. West Texas Intermediate crude oil futures settled lower last week, but remained inside its six-week range. There were some fireworks to the downside mid-week after China retaliated against U.S. tariffs with sanctions of their own on U.S. petroleum pr...
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- NZD/USD Forex Technical Analysis – Weekly Trend Down, Trading on Weak Side of Major Retracement Zone
- The New Zealand Dollar finished sharply lower last week with most of the selling fueled by a dovish Reserve Bank monetary policy statement. The currency broke sharply late last week after the RBNZ signaled that it was not likely to raise its benchmark int...
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- Weekly Forex Technical Analysis (Aug 13 — Aug 17)
- EUR/USDFloor pivot points3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res1.10831.12361.13231.14761.15631.17161.1803Woodie’s pivot points2nd Sup1st SupPivot1st Res2nd Res1.12191.12911.14591.15311.1699Camarilla pivot points4th Sup3rd S...
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- AUD/USD and NZD/USD Fundamental Weekly Forecast – Appetite for Risk Will Drive Price Action
- The Australian and New Zealand Dollars broke sharply last week amid expectations that domestic interest rates would remain at historical lows longer-than-expected and rising geopolitical turmoil that dampened demand for higher-yielding currencies.Last wee...
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- USD/JPY Fundamental Weekly Forecast – Pressured by Flight-to-Safety Buying into Yen
- The Dollar/Yen was under pressure last week on trade tensions and on revelations the Bank of Japan is under pressure to move away from its accommodative policy. Early in the week, the Yen was supported by solid domestic data. Late in the week, geopolitica...
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- Natural Gas Price Fundamental Weekly Forecast – Sideways to Higher if Production Keeps Meeting Power
- Natural gas futures surged last week to their highest level since June 28 on weather concerns and worries about the storage deficit. The market hit a high of $2.964 before sellers came in following the release of the weekly government storage report that...
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- Price of Gold Fundamental Weekly Forecast – Gold Investors Unfazed by Dollar Spike
- Gold futures finished lower last week while posting a relatively light trading range. The market also finished inside the previous week’s range, which suggests investor indecision and impending volatility. Keeping a lid on prices was a strong U...
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- USD/JPY Forex Technical Analysis – Weekly Main Trend Up, But Momentum Trending Lower
- The Dollar/Yen closed lower last week, driven by central bank activity and geopolitical turmoil. Traders bought the Yen after the Bank of Japan Summary of Opinions suggested policymakers discussed ending its ultra-dovish monetary policy sooner than expect...
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- Bitcoin Cash, Litecoin and Ripple Daily Analysis – 12/08/18
- Bitcoin Cash Finds Support EarlyBitcoin Cash fell by 1.07% on Saturday, following on from Friday’s 6.33% slide, to end the day at $563.8.An early morning slide saw Bitcoin Cash fall through the day’s first major support level at $545...
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- US Sanctions on Turkey Drive EUR/USD Down
- EUR/USD dropped to the lowest level in a year today on concerns that the negative impact of US sanctions against Turkey can spill over to the European banking system, which has strong exposure to Turkish assets. Positive US inflation data als...
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- Oil Price Fundamental Weekly Forecast -Despite Mounting Demand Concerns, Market Vulnerable to Supply
- U.S. West Texas Intermediate and international benchmark Brent crude oil futures went on a wild ride last week before closing lower. At one point last week, the U.S. futures contract was down about 2.40 percent before clawing back nearly half of that loss...
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- S&P 500 Weekly Price Forecast – are we hitting a top?
- The S&P 500 initially spent most of the week trying to rally to fresh, new highs but has failed. The close on Friday is going to be crucial, but so far it looks as if we are going to struggle and form a shooting star again. This shooting star is close...