Monthly Archives: January 2018

Event Risk Ramps Up from US GDP to ECB Rate Decision

We have seen sentiment start off to a remarkable robust clip for 2018, but how much of that is due to an absence of heavy event risk to undermine momentum born of complacency? That question will be put to the test next week with ECB and BoJ rate decision, US and UK GDP figures and much more. US Dollar Forecast: U.S. Dollar’s Three-Year Lows Run into GDP, BoJ, ECB The U.S. Dollar continued its descent by setting another fresh three-year low to kick off this week. But […]

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Yuan Looks to US-China Trade Talks, PBOC Policies

Fundamental Forecast for CNH: Neutral Trump administration threats to impose trade sanctions against China, a concern for the Yuan. China toned down Davos forum this year, while the U.S. takes over the spotlight. Yuan trading levels are distant from PBOC’s reference rate; further confirmation is needed. How do other traders long/short a pair? See real-time IG Sentiment. This week the Chinese Yuan set new high levels against the U.S. Dollar since the end of 2015: The USD/CNH dipped 6.3882 in the offshore market and the USD/CNY traded […]

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Oil Prices Vulnerable to Signs of Growing U.S. Crude Output

Fundamental Forecast for Crude Oil Prices: Bearish The broader outlook for crude remain constructive as the Organization of the Petroleum Exporting Countries (OPEC) and its allies prolong the production cuts from 2017, but the ongoing expansion in U.S. output may continue to drag on oil prices as the International Energy Agency (EIA) warns ‘explosive growth in the U.S. and substantial gains in Canada and Brazil will far outweigh potentially steep declines in Venezuela and Mexico.’ With field outputs bouncing back in the week ending January 12, the […]

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USD And Washington Politics | Investing.com

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. This past week, many major currencies climbed to fresh multi-month and multi-year highs against the U.S. dollar. The and were the best performers, adding 1% to their gains. The , and lagged behind but still managed to eek out small profits in what became the fifth consecutive week of declines in the . There wasn’t much in the way of U.S. data but the showdown in Washington kept investors out of the U.S. dollar. Looking […]

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Crude Oil Net Longs at All-Time High; Speculators Less Bullish on Euro By Investing.com

CFTC: Crude Oil Net Longs at All-Time High; Speculators Less Bullish on Euro Investing.com – The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 16 on Friday. Speculative positioning in the CME and ICE currency, commodity, energy and index futures:         Long Short   Net Prior Change Gross Change Gross Change 139.5k 144.7k -5.2k 254.3k 12.3k 114.9k 17.5k 26.2k 25.5k 0.7k 84.7k -0.4k 58.5k -1.1k -119.4k -125.5k 6.2k 38.2k 0.8k 157.5k -5.4k -21.1k -21.9k 0.8k 14.2k […]

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Gold (Jan 19) | Investing.com

Gold still lacking the strength to challenge the resistance line Gold Chart Original post Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has no regard to the specific investment objectives, financial situation, or particular needs of any viewer. I bear no responsibility for any actions taken or not taken by third parties after reading the blog! You are advised to consult with a qualified professional before making any […]

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A Look Inside Bitcoin Traders’ Minds During the Cryptocurrency Crash

Talking Points – Bitcoin (BTCUSD) fell as much as -53% from its December 2017 high to its January 2018 low this week, in what easily amounts to a market crash. – Cognitive and emotional biases manifest themselves in different ways – we’ll examine how to combat common biases that appear during a market crash – Read the DailyFX cryptocurrency glossary to review the basics of Bitcoin. When it comes to biases, everyone has them. One major factor which differentiates those individuals who are able to successfully navigate […]

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Gold Prices Gain in Asia

Gold prices ended a two-sided trading session virtually unchanged yesterday. The precious metal has recently suffer from some mild profit-taking pressure but it seems that growing concerns over a potential U.S. government shutdown is weighing on the dollar. XAU/USD is trading within the borders of the Ichimoku cloud on the M30 chart and the market is currently in the process of testing the resistance in the $1334.40-$1332.20 area. From a chart perspective, the bulls still have the overall technical advantage. Prices are above the daily and the […]

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Crude Oil Resistance | Investing.com

By Petros SteriotisCommodities10 hours ago (Jan 19, 2018 05:07AM ET) still above resistance. Crude Oil Related Articles Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has no regard to the specific investment objectives, financial situation, or particular needs of any viewer. I bear no responsibility for any actions taken or not taken by third parties after reading the blog! You are advised to consult with a qualified professional […]

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Foreign Demand For Treasuries Still Decent

What if? 10-year T-yield, daily What if China proceeds to reduce its purchases of Treasury securities? At $1.18 trillion, it is the largest holder. Japan – at $1.08 trillion – is close second. The U.S. Treasury market is $14.2-trillion strong (chart here). On Wednesday last week, Bloomberg carried an article – entitled ‘China Weighs Slowing or Halting Purchases of U.S. Treasuries’ – arguing that exact point. Treasury yields rallied intraday to 2.6 percent in that session, but were not able to punch through that resistance (blue arrow […]

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