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FX Empire
Gold Price Prediction – Prices Experience Dead Cat Bounce as Momentum Remains Negative
UK Growth was weaker than expected
FX Empire
EUR/USD Mid-Session Technical Analysis for November 11, 2019
Besides the retracement zone at 1.1029 to 1.0994, the EUR/USD also hit a cluster of Gann angles at 1.1024, 1.1029 and 1.1036. Based on the late session price action, the direction of the Forex pair on Monday is likely to be determined by trader reaction to Friday’s close at 1.1020.
FX Empire
Gold Price Forecast – Gold Markets Continue To Break Out
Gold markets fell during the trading session on Monday, reaching down towards the $1450 level. This is an area that I suggested could be the next level support, so it’ll be interesting to see how this plays out from here. We are about to see some type of decision.
FX Empire
USD/JPY Price Forecast – US Dollar Pulls Back Towards Major Support
The US dollar has pulled back a bit during the trading session on Monday, reaching down towards the 200 day EMA, and the ¥109 level. Ultimately, this is a market that is trying to build up enough momentum to finally break out.
FX Empire
GBP/USD Price Forecast – British Pound Rallies Again
The British pound has rallied again during the trading session on Monday, as Nigel Farage has suggested that a hung parliament was possible. This has traders getting excited about the possibility of the Brexit deal Dragon on forever, perhaps keep in the UK in the EU longer. At this point though, I think that is probably a nonstarter, as the noise continues.
FX Empire
GBP/JPY Price Forecast – British Pound Continues To Consolidate
The British pound has gone back and forth over the last couple of weeks, as we have been forming a bit of a consolidating channel, which looks more and more like it’s going to break to the upside.
FX Empire
EUR/USD Price Forecast – Euro Bounces From Large Number
The Euro rallied a bit during the trading session on Monday, bouncing from the 1.10 level. At this point, the market is still very negative, and perhaps this bounce is a bit needed but ultimately, we are going to continue the longer-term downtrend.
FX Empire
AUD/USD Price Forecast – Australian Dollar Quiet On Monday
The Australian dollar has been very quiet during the trading session on Monday, as they continue to see reasons to go back and forth as it is “Ground Zero” for the US/China trade situation when it comes to Forex trading.
FX Empire
GBP/USD, EUR/GBP, USD/CAD – Pounds Gains Ground, Canadian dollar flat
The British pound is showing some strength on Monday, which has pushed GBP/USD higher while sending EUR/GBP lower. The Canadian dollar is almost unchanged.
Investing.com
Stocks - Boeing, Walgreens Boost Dow; China Stalls Market
Investing.com – Stocks overall struggled on Monday, but the Dow was pushed higher by gains in Boeing and Walgreen Boots Alliance.
FX Empire
Important Economic News Calendar: November 11 – November 15, 2019
Last week the markets took some breather following the late October – early November huge economic data announcements.
Investing.com
Gold at 3-Month Low for Third Day as Near-Term Bull Case Erodes
Investing.com – Gold is edging further away from the $1,500 mark, raising questions about the near-term bull case for the yellow metal, which is now at three-month lows.
MarketWatch
The U.K. is growing like France. Why does it get a bad rap?
The U.K. economy grew more slowly than expected in the third quarter of the year, and at its slowest pace since early 2010, data from the Office for National Statistics showed on Monday. Gross domestic product was up 0.3% from July to September compared with the second quarter, and up 0.9% compared with the same quarter of 2018, the ONS said. Opposition parties will insist that Brexit has taken its toll on the U.K. economy, which is still facing significant uncertainties in spite of a deal Prime Minister Boris Johnson struck with the EU.
MarketWatch
British pound surges after Brexit Party leader Nigel Farage says he won’t challenge Conservative seats
The British pound shot higher on Monday, after Brexit Party leader Nigel Farage said his party won’t contest seats captured by the ruling Conservative Party in the last election.
FX Empire
Price of Gold Fundamental Daily Forecast – Renewed Trade War Fears; Hong Kong Violence Fueling Short-Covering Rally
Gold seems to be ripe for a short-covering rally after last week’s steep loss. Today’s news events may be just enough to chase a few of the weaker short sellers out of the market.
FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Short-Covering Ahead of RBNZ Meeting Underpinning Kiwi
We could see a friendly tone throughout the session. Because of the U.S. bank holiday, there is nothing to stop a short-covering rally. The selling pressure could resume on Tuesday when U.S. traders return and the Treasury market reopens.
Investing.com
Gold Prices Fall Briefly Below $1,450 Despite Risk-Off Move
Investing.com -- Gold prices fell to a fresh three-month low on Monday, failing to get meaningful support from a general risk-off move in other markets on a day when hopes of a trade truce between the U.S. and China faded.
MarketWatch
Trump’s tariffs, Brexit could spur healthier global growth
Tariffs and Brexit are being blamed for sluggish growth, but these policies could well set the global economy on a new, more productive path.
FX Empire
COT: Trade Hopes Cut Demand for Gold; Oil Bought Again.
COT on commodities in week to November 5 showed how trade hopes and weather developments drove position changes from oil and natural gas to gold and coffee
Investing.com
U.S. Dollar Falls Amid Trade Uncertainty, Hong Kong Unrest
Investing.com - The U.S. dollar was lower on Monday as investors remained cautious after U.S. President Donald Trump denied he would roll back tariffs on Chinese goods.
FX Empire
USD/JPY Fundamental Daily Forecast – BOJ Summary Showed Policymakers Debated Need for Extra Stimulus
We could see an exaggerated move to the downside on Monday due to the absence of the major U.S. players. The daily chart indicates there is room to the downside with 108.690 a potential downside target.
FX Empire
GBP/USD Daily Forecast – Sterling Holds on to Small Gain Following GDP Miss
GBP/USD bounced higher on the back of a weaker dollar to start the new week and did not have much of a reaction to weaker than expected UK GDP figures.
FX Empire
EUR/USD Daily Forecast – Euro Bounces as Risk Sentiment Eases
The US dollar is paring some of its recent gains to start the week as equity markets in Asia and Europe are coming off their recent highs.
Investing.com
Stocks - Wall Street Falls as Hong Kong, Trade Woes Spur Sell-Off
Investing.com – Wall Street fell on Monday as violent clashes in Hong Kong and trade comments from U.S. President Donald Trump caused investors to dial down last week's optimism.
Yahoo Finance Video
Copley Fund Research sees signs of "European Resurgence"
A new report out from the Copley Fund Research, finds more than 80% of global investment funds are now over-weight in European equities, with the exception of the U.K. Complete Intelligence Founder and CEO Tony Nash joins Yahoo Finance’s Akiko Fujita to discuss The Ticker.