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- AUD/USD and NZD/USD Fundamental Daily Forecast – RBNZ Calls for Lower Growth Until End of Year
- The New Zealand and Australian Dollars are trading lower early Thursday with the Kiwi leading the way due to a dovish outlook from the Reserve Bank of New Zealand.At 0134 GMT, the NZD/USD is trading .6712, down 0.0036 or -0.54% and the AUD/USD is at .7431...
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- Bitcoin Cash, Litecoin and Ripple Daily Analysis – 09/08/18
- Bitcoin Cash Hits sub-$600Bitcoin Cash slumped by 10.27% on Wednesday, following Tuesday’s 4.92% slide, to end the day at $589.2, its first visit to sub-$600 levels since last November.Tuesday’ late in the day sell-off continued into...
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- Silver Price Forecast – Silver markets continue to chop during messy Wednesday session
- Silver markets continue to be very noisy. This is the more volatile of the two major precious metals, so it’s not a huge surprise but the one thing that I would say about the chart I’m looking at is that we are roughly in the middle...
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- Stellar’s Lumen Technical Analysis – Support Kicks In – 09/08/18
- Key HighlightsStellar’s Lumen tumbled by 13.34% on Wednesday, following Tuesday’s 2.61% fall, to end the day at $0.19744.A day long sell-off saw Stellar’s Lumen slide through the day’s first major support level...
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- S&P 500 Price Forecast – S&P 500 continues to find support
- S&P 500 traders continue to pick this market up off of the floor every time it falls, and of course Wednesday wasn’t any different. We fell to the 2850 level before finding and of value hunters come back in and rally towards the 2860 level...
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- EUR/USD Mid-Session Technical Analysis for August 9, 2018
- The Euro is trading lower against the U.S. Dollar on Thursday as investors increase their bets supporting the notion that the U.S. will win the trade war versus China and that the strong economy will continue to make the dollar a more attractive investmen...
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- Important CAD Pairs’ Technical Outlook: 09.08.2018
- USD/CADAlthough 50-day & 100-day SMA has been restricting the USDCAD moves since last fortnight, the 1.2960-55 support-confluence, comprising 100-day SMA & an ascending TL, could keep indicating the pair’s upside with 1.3060 being immed...
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- Natural Gas Price Fundamental Daily Forecast – EIA Storage Estimate 45 – 49 Bcf
- Natural gas futures are trading flat shortly ahead of the regular session opening and the release of the latest storage data from the U.S. Energy Information Administration at 1430 GMT.At 1107 GMT, September natural gas futures are trading $2.950, up 0.00...
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- Price of Gold Fundamental Daily Forecast – Consolidating Ahead of PPI Data
- Gold prices are inching higher on Thursday shortly before the regular session opening. Fundamentally, the market is being supported by lower Treasury yields and some light position-squaring ahead of the release of the U.S. Producer Price Index and other r...
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- Oil Price Fundamental Daily Forecast – Traders Looking to Establish New Balance Points after China T
- U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading mixed early Thursday as investors continue to digest the impact of China’s tariffs on future demand.At 0957 GMT, September WTI crude oil is trading $66...
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- USD/CAD Daily Price Forecast – USD/CAD Holds Steady above 1.30 Handle Ahead of Housing Stats &am
- The USD/CAD pair extended overnight sharp retracement slide from two-week tops and dropped to the key 1.3000 psychological mark, albeit seems to have found some support. On Wednesday, sentiment around the Canadian Dollar deterioration on news that Saudi A...
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- USD/JPY Fundamental Daily Forecast – Rebounding From Earlier Weakness Ahead of US-Japan Trade Talks
- The Dollar/Yen is trading higher on Thursday after reversing earlier weakness that saw the Forex pair drawing near a major technical support level at 110.662, just above the last bottom at 110.588.At 0917 GMT, the USD/JPY is trading 111.122, up 0.170 or +...
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- EURUSD ready to go down again. The same with NZDUSD and Gold
- EURUSD is still struggling with the bullish bounce after the price touched the long-term neckline. The upswing is very weak and reached only 38,2% Fibonacci. That is a great place to sell, especially that the price is creating a head and shoulders pattern...
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- Commodities Daily Forecast – August 9, 2018
- GoldThe gold prices have dropped significantly during the Wednesday’s session reaching down to the $1205 level. By doing so, the market is likely to experience further selling down the line and if it breaks below the $1200 level and gives a dai...
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- Forex Daily Outlook – August 9, 2018
- EUR/USDThe pair had been extremely volatile during the Wednesday’s session reaching as high as 1.1625 level but retraced back to 1.1575 level to test its support. This level in the past has attracted a lot of attention from the buyers and it is...
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- DAX Index Price Forecast – DAX Turns Range Bound Over Mixed Cues from Global Market
- Germany equities were mixed at the close on Wednesday, as gains in the Technology, Software and Transportation & Logistics sectors propelled shares higher while losses in the Utilities, Retail and Pharmaceuticals & Healthcare sectors led shares lo...
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- Bitcoin and Ethereum Price Forecast – BTC Prices Continues Lower
- The BTC prices continued to trade under pressure for one more day and the fact that the prices have now closed below the $6800 region for the day signals that the bears are back on control. This is something that should be a big surprise for the bulls who...
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- GBP/USD Daily Price Forecast – GBP/USD Likely to Remain Bearish Ahead of UK’s GDP Update Tomorrow
- The GBP/USD pair is trading into 1.2880 after seeing decline on Wednesday, falling from a high of 1.2960 as bearish sentiment continues to factor heavily into the GBP markets. As of writing this article, the pair is trading flat at 1.2881 and is expected...
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- EUR/USD Daily Price Forecast – EUR/USD Consolidates Above 1.16 Handle Ahead of US Inflation Data
- The EUR/USD is holding above 1.16, despite having faced rejection at the pennant hurdle (lower end now acting as resistance) on Wednesday. As of writing this article, the pair is trading at 1.1604 down 0.05% on the day and the lower end of the pennant is...
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- Crude Oil Price Forecast – crude oil plummets on Wednesday
- WTI Crude OilThe WTI Crude Oil market fell rather significantly during the trading session on Wednesday, reaching down towards the vital $67 level before finding buyers again. This was after the announcement of a drawdown of inventory, but less of a drawd...
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- Natural Gas Price Forecast – natural gas markets screamed to the upside again
- Natural gas markets have been range bound for quite some time, with the $3.00 level offering the beginning of significant resistance. Granted, it extends all the way to the $3.10 level, so it isn’t exactly the easiest short to put on. However,...
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- Gold Price Forecast – Gold markets see selling again on Wednesday
- Gold markets initially tried to rally during the trading session on Wednesday but found the downtrend line a bit too stringent to continue. By doing so, the market looks very susceptible to selling pressure. I believe that the $1200 level underneath will...
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- Natural Gas Price Prediction – Natural Gas Rises Following In Line Inventory Build
- Natural gas prices moved higher on Thursday, after testing lower levels.  The fluctuation came following an in-line natural gas inventory report revealed Thursday by the Department of Energy.  The range of injections were from 43 Bcf by...
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- Gold Price Prediction – Gold Consolidates Ahead of CPI
- Gold prices attempted to move higher on Thursday following a softer than expected U.S. wholesale price report that showed inflation was combing in less than expected.  This initially eased U.S. treasuries and allowed the yellow metal to rise, but...
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- AUD/USD Forex Technical Analysis – Chart Pattern Suggests Impending Volatility, Key Pivot at .7397
- The Australian Dollar is trading slightly lower at the mid-session of the U.S. trade. The market is attempting to reverse to the upside following early session weakness. The price action if being fueled by a volatile U.S. Dollar, a drop in interest rates...