Sunday, August 18, 2019
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Weekly Market Outlook | Econ Alerts

Weekly Market Outlook: 19th – 23rd Aug 2019

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come

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Technical Analysis – EUR/GBP uptrend pauses for breath

EUR/GBP recorded a steep rally in recent weeks to touch the 0.9325 area, before retreating somewhat. The price structure on the daily chart consists of higher highs and higher lows, while the 50-day simple moving average (SMA) has also crossed above the 200-day one, keeping the outlook positive overall. Momentum oscillators, however, suggest that

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Technical Analysis – AUD/USD stays range-bound

AUD/USD keeps range-bound trading below 0.6820. AUD/USD was unable to crawl above the upper boundary of its narrow 0.6820-0.6745 range despite Tuesday’s encouraging trade news. In the short-term, the market may remain muted as the slow progress in the RSI and the gently rising MACD suggest a bearish-to-neutral bias, with the falling red Tenkan-sen also reducing the odds

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