All Market Live: August 2020

Monday, 31 August 2020

Australian Dollar Trades Near 2020 Highs Following Muted Reaction to RBA

The Australian Dollar held steady at yearly highs as the Reserve Bank of Australia opted to maintain the official cash rate at 0.25%.

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US Dollar May Fall as SGD, PHP Rise. USD/INR Eyes China-India Tensions

The US Dollar may weaken against ASEAN currencies like the Singapore Dollar and Philippine Peso. Meanwhile, China-India border tensions risk stirring USD/INR and Nifty 50 volatility.

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Nasdaq Climbs With VIX 'Fear Gauge', DAX 30 Falls Alongside Dow Jones

The Nasdaq’s astonishing 82% rally since March may slow down as the Volatility Index (VIX) surges. The DAX 30 and Dow Jones fell. The US Dollar remained calm.

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Euro Rate Outlook: RSI Indicator to Validate EUR/USD Breakout

The RSI may help to validate a near-term breakout in EUR/USD as the indicator threatens the downward trend established in August and approaches overbought territory.

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Japanese Yen May Fall Post Abe Resignation, AUD/USD Eyeing RBA

The Japanese Yen could be at risk to further losses. Despite broad weakness in stocks on Monday, the haven-linked US Dollar fell. Ahead, AUD/USD is eyeing the RBA rate decision.

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Dow Jones Forecast: Index Slips Ahead of Historically Bearish Month

The Dow Jones suffered a slight loss to start the week as volatility ticked higher and a seasonal lack of volatility is exchanged for a historically bearish month.

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USD/MXN Forecast: Dollar-Peso Probes Key Level as Oil Swings

USD/MXN is gravitating around its 200-day moving average. The Mexican Peso is threatening a breakout as commodity currencies tied to crude oil prices strengthen against the anti-risk US Dollar.

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DailyFX Education Summit: Trade Your Market

The DailyFX Education Summit will be held online from September 15 to September 17. Register now!

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Canadian Dollar Forecast: USD/CAD Slips to 7-Month Low

USD/CAD fell to a 7-month low on Monday as renewed US Dollar weakness paved the way for Canadian Dollar gains. With a fresh low, will USD/CAD continue its downward trajectory?

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EUR/USD Rate Ripping to Two-Year Highs Leaves Euro at Resistance

EUR/USD price action is spiking into month-end and trading at its strongest level since May 2018, but Euro bears seem to be reacting to key technical resistance level as the US Dollar hits two-year...

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US Dollar Price Outlook: USD Pushes Towards Big Zone of Key Support

The US Dollar is pushing towards two-year-lows, but a potentially problematic area on the chart lies ahead for bears.

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Markets Week Ahead: Gold, Dollar, Dow, Euro, AUD, PMIs & Job Data

The US Dollar whipsawed violently last week amid the Fed Symposium, but a pro-risk tone ended up prevailing as stock markets hit fresh record highs and AUD/USD surged. Looking ahead, traders might ...

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Crude Oil Prices May Struggle Despite US Output Plunge

Crude oil prices may struggle to build higher even as data shows US output plunging as lackluster demand struggles to work through still-bloated inventories.

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Euro Price Outlook: EUR/USD, EUR/CHF May Slide as Covid-19 Cases Climb

The EUR/USD and EUR/CHF exchange rates may slide lower as cases of the novel coronavirus continue to climb in several European nations.

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Sunday, 30 August 2020

Gold Price Continuation Pattern in Focus Following Fed Symposium

A continuation pattern may pan out over the coming days as the price of gold trades to fresh yearly highs during every single month so far in 2020.

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AUD/USD Analysis: RSI Flirts with Overbought Zone Ahead of RBA Meeting

The RBA interest rate decision may do little to derail the appreciation in AUD/USD as the central bank is expected to retain a wait-and-see approach for monetary policy.

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Nikkei, Hang Seng May Rebound with ASX 200, China NBS PMI Misses

Japan’s Nikkei 225 index may rebound as markets digest news of PM Shinzo Abe’s resignation. The Hang Seng Index and ASX 200 are set to move higher on mixed China PMI readings.

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Japanese Yen May Extend Fall as AUD/JPY, EUR/JPY Eye Multi-Year Highs

The Japanese Yen may fall against its major counterparts as it enters the second-half of an 8-year cycle. AUD/JPY, EUR/JPY rates eye push to multi-year highs.

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Markets Week Ahead: Gold, Dollar, Dow, Euro, AUD, PMIs & Job Data

Dow Jones May Climb on Dovish Fed, Improving Macro Data

The Dow Jones Industrial Average may stay on its upward trajectory as the Fed sent a clear dovish message in the Jackson Hole symposium. But doubts remains about its rich valuation.

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Saturday, 29 August 2020

USD/MXN Week Ahead: Quick Rebound Shows Upside is Limited

USD/MXN sees a spike in volatility after Jackson Hole and Banxico meeting minutes

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EUR/USD Weekly Forecast: Awaiting Breakout From Monthly Range

EUR/USD holding patten as markets await September breakout. US Dollar selling the dominant theme.

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Gold Prices May Rise as Federal Reserve Adopts Average Inflation Targeting

Gold prices may turn higher after Federal Reserve Chair Jerome Powell announced the adoption of average inflation targeting.

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Friday, 28 August 2020

Oil Price Outlook Mired by Rebound in Crude Production

A further rebound in crude production may drag on the price of oil as signs of a protracted recovery dampens the outlook for global demand.

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Australian Dollar May Rise on RBA, Economic Outlook, Strong Risk Appetite

The Australian Dollar may rise following the RBA rate decision amid signs of economic stabilization and resilient risk appetite despite still-precarious fundamentals.

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Gold Price Forecast: Precious Metals Primed for Next Breakout?

Gold price action has pulled back over 5% from its all-time high recorded earlier this month, but precious metals could be geared up for another advance following a healthy consolidation lower.

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Japanese Yen Price Forecast: JPY Jumps as Abe Resigns – USDJPY

While it may not have come as a surprise, Japanese PM Shinzo Abe stepping down is a really big deal, and that's been reflected in the Yen overnight.

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Canadian Dollar Forecast: USD/CAD Path of Least Resistance is Lower

USD/CAD eyes 1.3000 as dollar selling gathers pace, raising the risks for CAD shorts.

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EUR/USD Presses Higher, Eyes New 27-Month High as Euro Area Confidence Continues to Pick-Up

EUR/USD continues to climb higher, despite a surge of new COVID-19 cases in parts of Europe, and may look to print a new 27-month high.

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Japanese PM Abe Resigns - JPY and Nikkei 225 Rattled

Prime Minister Abe’s resignation has unsettled the Japanese Yen and Nikkei 225. Will this short-term change in momentum persist?

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British Pound (GBP) Latest: GBP/USD Touches a Fresh 8-Month High as the Dollar Sell-Off Resumes

Sterling remains slightly better bid across a range of currencies with the most notable move against a weak US dollar.

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Gold Prices at Risk as Yield Curve Steepens After Powell Speaks

Gold prices look vulnerable to deeper losses having fallen after Fed Chair Jerome Powell laid out an updated policy framework at a virtual Jackson Hole symposium.

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Thursday, 27 August 2020

EU Stoxx 50, DAX 30 Index Staggering at Resistance as Coronavirus Cases Rise

EU Stoxx 50, DAX 30 index staggering at chart resistance as the number of European Covid-19 cases continues to rise.

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Indian Rupee, Nifty 50 Forecast: Breakouts Eyed as USD/INR Awaits GDP

Will the Indian Rupee and Nifty 50 extend their breakouts on aggressive capital inflows? Or will second-quarter Indian GDP data next week result in a repricing?

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S&P 500 Gains on Dovish Fed, Asia-Pacific Stocks May Follow

A rally in the S&P 500 index may lead Asia-Pacific equities higher on Friday, following Jerome Powell’s dovish comments on the inflation outlook and monetary policy.

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EUR/USD Forecast: August Low Remains on Radar Following Fed Symposium

The August low (1.1696) remains on the radar for EUR/USD as the Relative Strength Index (RSI) retains the downward trend established earlier this month.

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Gold Price Outlook: XAU/USD Consolidating Ahead of Day 4 of RNC

Gold price consolidation may accelerate to support after President Donald Trump’s speech at the last night of the National Republican Convention.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Ponder Topside Breaks

The Australian Dollar looks to be on the verge of a bullish break higher in both AUD/USD and AUD/JPY. That said, technical hurdles to a potential breakthrough still exist.

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Copper Price Outlook: Prices Supported by Outsized Market Imbalances

The COVID-19 pandemic sent copper tumbling earlier this year, but now effects from the pandemic have created outsized imbalances in the market, helping to propel copper to multi-year highs

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VIX Index Jumps, US Dollar & Treasury Yields Spike Post-Powell

The VIX Index ‘fear-gauge’ turns conspicuously higher even as the stock market prints back-to-back record closes. Expected volatility appears on the rise with the US Dollar and Treasury Yields in t...

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Nasdaq 100 Forecast: Fed's Powell May Usher in Lower Rates for Longer

The Nasdaq 100 and its components might enjoy a boost from a longer period of lower interest rates after a policy shift was announced at the Jackson Hole symposium.

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US Dollar Price Action: USD Bears Whiplashed by Dollar Reversal

A fast and aggressive move showed this morning on the open of the Jackson Hole Economic Symposium, and the US Dollar put in a strong reversal.

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Gold & USD Whipsaw as Fed Announces Average Inflation Targeting

Gold price action snapped higher and USD/JPY took a nosedive in the immediate response to news out of the Jackson Hole Symposium that the Fed will shift policy to average inflation targeting.�

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Euro Dollar Outlook: EUR/USD Flirts With Fibonacci Ahead of Key Economic Event

After four months of gains for the EUR/USD, price action stalls at key Fibonacci support

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Crude Oil Prices May Fall with Stocks, Gold as Fed's Powell Speaks

Crude oil prices may fall alongside stocks and gold while the US Dollar gains as Fed Chair Jerome Powell gives a defining speech at the Jackson Hole symposium.

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Gold Price Bounces Off Support, Volatility Picks-Up as Markets Wait for Fed Chair Powell's Speech

Gold (XAU) continues to respect the short-term supportive trend but Fed chair Jerome Powell's speech later may rattle an expectant market.

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British Pound Latest (GBP) - GBP/USD Eyes Fed Powell, EUR/GBP Upside Risks

The Pound is slightly better bid this morning despite negative EU-UK trade headlines. All eyes on Powell.

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USD/JPY Recovery at Risk as Jackson Hole Symposium Takes Centre Stage

The USD/JPY exchange rate may erase ground gained as investors' focus turns to the Federal Reserve’s annual Jackson Hole Symposium

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Wednesday, 26 August 2020

AUD/USD Unfazed by Asia/Pacific Data with Fed Symposium on Tap

The Australian Dollar may continue to outperform its US counterpart if the Fed Economic Symposium foreshadows more of the same for the next rate decision on September 16.

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Canadian Dollar Outlook: CAD/JPY, CAD/CHF, USD/CAD Levels to Watch

The Canadian Dollar may rise as USD/CAD rates eye fresh monthly lows and CAD/JPY bursts out of a bullish chart pattern.

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Nikkei 225, Hang Seng Defensive Before Powell Speech. Nifty 50 Up

The Nikkei 225 may rise as the Hang Seng index opens mildly higher following strong leads from the Wall Street. Markets displayed a defensive pattern ahead of Powell’s speech tonight.

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USD/CAD Under Pressure as BoC Highlights Limits of Monetary Policy

USD/CAD tags a fresh monthly low (1.3132) as Bank of Canada (BoC) Senior Deputy Governor Wilkins highlights the “limits of monetary policy to solving all problems.”

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S&P 500 at Risk Before Jackson Hole As Trump-Biden Poll Spread Narrows?

The S&P 500 has recorded another new high, but is there a risk of a reversal ahead of the Jackson Hole symposium and political volatility from a narrowing Trump-Biden poll spread?

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Dow Jones Forecast: Apple Stock Split Prompts Major DJIA Changes

An Apple stock split set to take place on August 31 has sparked a shake-up in the Dow Jones Industrial Average as three stocks are set to turnover.

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USD Price Outlook: US Dollar Awaits Powell Speech at Jackson Hole

US Dollar bulls have struggled to sustain a bid over the last two trading sessions as USD price action searches for direction while traders await Fed Chair Powell at the Jackson Hole Symposium.

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Silver Forecast: XAG Stages Breakout, but Can Bulls Drive the Trend?

It had been a big summer for precious metals - until August rolled around. But as the month nears end, Silver bulls are showing a stronger hand.

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DAX 30 Price Outlook: German Index Ponders Technical Break Out

The DAX 30 is testing the limits of its current technical pattern but summer conditions may make it hard for the German equity index to post a move with significant follow-through.

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Fed Symposium Preview: Jackson Hole to Fuel Market Volatility

US Dollar, Dow Jones and gold price volatility could accelerate later this week due to high-impact event risk surrounding an economic policy symposium hosted by the Federal Reserve at Jackson Hole.

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USD/CAD Update: Loonie Consolidation Ahead of BoC Wilkins Speech

The Canadian Loonie has consolidated over the short term. Is this reflective of the early stages of a trend reversal or a simple pause before trend continuation?

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Japanese Yen Volatility Rises on Jackson Hole and Abe Speculation

The main focus is on tomorrow’s Jackson Hole summit, however, JPY markets have been eying Abe exit speculation.

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Crude Oil Prices May Struggle to Extend Rise on Hurricane Jitters

Crude oil prices rose as Hurricane Laura menaced the US Gulf Coast but progress may stall as all eyes turn to Thursday’s speeches from Fed Chair Powell and US President Trump.

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British Pound (GBP) Latest: Sterling Retains a Bid as Jackson Hole Symposium Comes Into View

Sterling is stuck in a holding pattern and with little data of note today Fed chair Jerome Powell’s speech at the Jackson Hole Symposium tomorrow is the next potential trigger point.

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Dow Jones Industrial Average May Fall as the VIX Bounces Off Post-Crisis Low

The Dow Jones Industrial Average is at risk of extended declines as the Volatility Index (VIX) bounces off its post-crisis low.

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Tuesday, 25 August 2020

EUR/USD Outlook: August Low on Radar as RSI Tracks Downward Trend

EUR/USD may continue to give back the advance from the August low (1.1696) as long as the RSI retains the downward trend established earlier this month.

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Nasdaq 100 Soars, but Asia-Pacific Stocks Fail to Catch Up. Gold Rises

The Nasdaq Composite climbed 0.76% to 11,466, extending its upward trajectory to a record high. Asia-Pacific stocks, however, failed to catch up with the rally. Gold prices rose.

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Gold Price Outlook: XAU/USD Coiling Up Ahead of Jackson Hole Symposium

Gold prices may regain lost ground in the coming days as bullish chart patterns begin to materialize on multiple timeframes.

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NZD/USD Consolidation to Persist as RSI Negates Downward Trend

NZD/USD may continue to consolidate ahead of the Federal Reserve Economic Symposium as the RSI looks to negate the downward trend established earlier this month.

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AUD/USD Eyes Day 2 of RNC with 69 Days Until US Presidential Election

With the general election less than 70 days away, AUD/USD continues to trade below a key inflection range ahead of day 2 of the Republican National Convention.

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Fed Symposium Preview: Jackson Hole to Fuel Market Volatility

Dow Jones Forecast: Apple Stock Split Prompts Major DJIA Changes

US Dollar Price Forecast: Did USD Bears Just Capitulate?

It’s been a rough Q3 so far for the USD. But, for much of August that bearish move has appeared to begin stalling. Can it actually reverse?

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Euro Forecast: Churning Through Resistance, Breakouts Loom - Levels for EUR/JPY & EUR/USD

The Euro has been able to sustain its gains versus the Japanese Yen and US Dollar, setting up the currency for potential gains into the end of the summer.

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SA Rand Price Action Setups: USD/ZAR, GBP/ZAR and EUR/ZAR

Rand strength prevalent across USD, GBP and EUR pairs but how far can risk on sentiment carry the ZAR?

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US Dollar (DXY) Price Outlook - A Pivotal Few Days Ahead for the US Dollar

There are a few important data releases and events over the rest of this week that will decide the short- and medium-term outlook for the US dollar.

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British Pound Latest (GBP) - GBP/USD Rallies Capped, GBP/JPY Holds Range

GBP/USD rallies capped as the US Dollar shows signs of life, while GBP/JPY maintains recent range.

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Gold Prices at Risk as Markets Brace for Powell Jackson Hole Speech

Gold prices are menacing the bounds of a five-month uptrend as markets brace a speech from Fed Chair Jerome Powell at a virtual Jackson Hole symposium.

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EUR/USD Rates May Rise Ahead of Jackson Hole Economic Symposium

The EUR/USD exchange rate may rise as it carves out a Bull Flag continuation pattern ahead of the Federal Reserve’s Economic Symposium in Jackson Hole

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Monday, 24 August 2020

USD/CAD Rate Trades in Defined Price Range Ahead of September

The recent rebound in USD/CAD may prove to be an exhaustion in the bearish behavior rather than a change in trend as key market themes look poised to persist in September.

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US Dollar Fundamental Forecast: USD/SGD, USD/PHP, USD/IDR, USD/MYR

The Singapore Dollar and Malaysian Ringgit may look past local data, eyeing theFed’s Economic Policy Symposium and RNC. Will the Philippine Peso and Indonesian Rupiah rise?

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British Pound at Risk on Brexit Gridlock, Jackson Hole Symposium in Focus

The British Pound may face heightened selling pressure as Brexit talks yield no results. The US Dollar’s advance may accelerate after the Jackson Hole symposium but pause on the RNC.

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New Zealand Dollar Outlook: AUD/NZD, NZD/USD, NZD/JPY Levels to Watch

The New Zealand Dollar may extend declines as NZD/JPY and NZD/USD rates eye fresh monthly lows. AUD/NZD carving out possible Bull Flag continuation pattern.

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AUD/USD Pullback From 2020 High Fizzles as Fed Balance Sheet Widens

The Australian Dollar may continue to outperform its US counterpart as the Federal Reserve’s balance sheet climbs back above $7 trillion in August.

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US Dollar Rebound May Extend into Day 2 of RNC. Pompeo to Speak

The US Dollar may continue to rise heading into the second day of the Republican National Convention where Secretary of State Mike Pompeo is scheduled to speak.

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S&P 500 Price Outlook: Apple Leads Index to New Highs With Confidence

The S&P 500 surged to fresh record levels Monday, extending beyond pre-covid levels. While recent price action has been rather timid, Apple remains an outlier.

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USD Price Outlook: Dollar Pivots Higher Ahead of Fed Symposium

USD price action has gained about 1.25% since the US Dollar Index hit two-year lows earlier this month. Can the Greenback keep gaining ground or will Jackson Hole reignite Dollar selling pressure?

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Gold Price Forecast: XAU Sinks to Support, Will Gold Bulls React?

Gold prices shed 10% when pulling back earlier this month, but with Jackson Hole on the radar, will bulls remain quiet for long?

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FTSE 100 & CAC 40 Forecast: Stocks Surge to Start the Week, Resistance Eyed

Stocks jumped higher to start the week but remain locked within their broader technical patterns. Nevertheless, the FTSE 100 and CAC 40 have taken aim at resistance.

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Crude Oil Price Bulls Eye Resistance as VIX ‘Fear-Gauge’ Falls

Crude oil price action has edged steadily higher over the last three consecutive weeks. The commodity remains buoyed by upbeat trader sentiment amid the absence of volatility, but will it last?

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Shapes of the Recovery: The Recession Alphabet - V, U, W, J, & L

As US GDP figures come into focus around the coronavirus pandemic, the financial world has been talking about a few more acronyms and abbreviations you might not know about.

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Markets Week Ahead: US Dollar, Euro, AUD/USD, S&P 500, Fed Symposium, RNC

The US Dollar gained against the Euro and Australian Dollar as FOMC minutes dented risk appetite this past week. Ahead, all eyes are on the Fed’s annual Economic Policy Symposium and the RNC for ca...

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XAG/USD Forecast: Dollar Strength Brings Silver to its Knees

Silver slides into key area of support as USD strengthens

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British Pound (GBP) Latest: A Subdued Start to the Week, US Dollar Drivers will Steer GBP/USD

Sterling opens the week around 1.3100 against the US dollar and may find further upside a struggle with little UK economic data this week to drive GBP-pairs.

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Crude Oil Prices May Rise But Trump, Powell Speeches May Cap Gains

Crude oil prices seem to be supported by an upswell in market-wide risk appetite but pivotal speeches from Donald Trump and Jerome Powell may emerge as headwinds.

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Germany's DAX 30 Index May Stumble Amid Climbing Coronavirus Infections

Germany’s benchmark DAX 30 index may fall ahead of German second-quarter GDP amid growing Covid-19 ‘second wave’ concerns in Europe’s largest economy.

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Sunday, 23 August 2020

Gold Price Analysis: Continuation Pattern Appears Ahead of September

The price of gold appears to be stuck in a continuation pattern after marking the longest stretch of gains (nine consecutive weeks) since 2006.

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British Pound at Risk on Brexit Gridlock, Jackson Hole Symposium in Focus

US Dollar Fundamental Forecast: USD/SGD, USD/PHP, USD/IDR, USD/MYR

EUR/USD Analysis: RSI Establishes Down Trend Ahead of Fed Symposium

Recent developments in the Relative Strength Index (RSI) warn of a potential shift in EUR/USD behavior as the indicator establishes a downward trend in August.

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Nasdaq Breaks Fresh Record. Hang Seng and ASX 200 to Open Mixed

The Nasdaq Composite climbed 0.42% to a record high of 11,311, sending the major Asia-Pacific stock indices higher. However, 72% of the S&P 500 components ended lower.

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Australian Dollar Time Cycle: AUD/USD Rates Poised to Push Higher

The Australian Dollar may extend its recent 5-month surge against its US counterpart as time-cycle analysis suggests a bullish 8-year rotation is afoot.

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US Dollar Selling Streak May Pause if RNC Sparks Haven Demand

The US Dollar may get a tailwind from the Republican National Convention and President Donald Trump if commentary there inspires a flight to haven-linked assets.

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Markets Week Ahead: US Dollar, Euro, AUD/USD, S&P 500, Fed Symposium, RNC

US Dollar Decline May Accelerate After Jackson Hole Symposium

Selling pressure in the US Dollar may swell if commentary from officials at the highly-watched Jackson Hole symposium discount haven-linked assets and amplify risk appetite.

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Saturday, 22 August 2020

GBP/USD Weekly Forecast: A Bumpy Road for GBP/USD

UK-EU trade talks remain at an impasse. Chair Powell Jackson Hole speech the main focus.

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Japanese Yen Outlook: Seasonal Volatility May Fuel JPY Recovery

The Japanese Yen may stage a short-term recovery in the coming weeks if escalating geopolitical tensions stoke a resurgence of market volatility.

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Friday, 21 August 2020

Nasdaq 100, Dow Jones & DAX 30 Forecasts for the Week Ahead

Big technology names like Apple and Amazon continue to drag the Nasdaq 100 higher while bolstering the Dow Jones, but equity strength is very targeted. Still, summer conditions may ward off volatil...

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Euro Forecast: EUR/USD Rally Fading, Will European PMIs Rekindle Bulls?

The Euro’s rally versus its major peers has been fading since the EU Summit deal.Attention is turning to next month’s ECB meeting. Will rosy European PMIs rekindle EUR/USD’s rise?

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Gold Price Outlook Hinges on Federal Reserve Economic Symposium

Current market conditions may keep the price of gold afloat as the FOMC appears to be on track to retain the current policy at the next rate decision on September 16.

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US Dollar Outlook: EUR/USD Price Spikes Lower on PMI Data

EUR/USD price action plunges to session lows in response to August 2020 IHS Markit PMI data that just crossed the wires, which detailed US economic activity outpacing Eurozone economic growth.

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USD, EUR/USD & More: Charts for Next Week

The USD is in recovery mode at the moment, but will that be all it is? Charts and levels to watch as a new week arrives...

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USD/JPY Outlook: USDJPY Bulls Look to PMI Data to Stem the Tide

The dollar is trading weaker against the Yen through the Asia -Europe crossover after better than expected Japanese Flash PMI data. US PMI scheduled for later today.

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British Pound (GBP) Latest: UK PMIs Beat Expectations Underpinning Recent Sterling Strength

Sterling remains either side of 1.3200 against the US dollar after much better-than-expected PMI data but the UK is ‘not out of the woods yet’.

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Euro Latest: EUR/USD Dives on Weak PMI, EU Recovery Optimism Questioned

The Euro weakens on EZ PMI’s providing caution for over optimism regarding the EU recovery.

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EU Stoxx 50 Index May Fall On Disappointing Manufacturing PMI Data

The EU Stoxx 50 index is at risk of extended declines as investors' eye the Euro-zone’s preliminary manufacturing PMI release for August.

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Thursday, 20 August 2020

Philippine Peso, Indonesia Rupiah May Rise as USD Sinks on Capital Flows

The Philippine Peso and Indonesian Rupiah may climb versus the US Dollar after rates were left unchanged amid an improving outlook. Capital continues flowing into emerging markets.

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Dow Jones Struggles to Hold Gains. Nikkei 225, Hang Seng May Rebound

The Dow Jones Industrial Average had a V-shaped rebound on Thursday and closed marginally higher. Japan’s Nikkei 225 and Hong Kong’s Hang Seng may rise today.

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AUD/USD Outlook: 2019 High Remains on Radar After RBA & FOMC Minutes

The 2019 high (0.7295) remains on the radar for AUD/USD as it retrace the decline following the FOMC Minutes, while the crowding behavior in the US Dollar persists.

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Crude Oil May Rise on Renewed US-Iran Tensions Ahead of 2020 Election

Crude oil prices may get a tailwind from revived US-Iran tensions. The upcoming RNC and speeches by President Donald Trump on foreign policy may reinforce political premonitions and amplify this dy...

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Australian Dollar Forecast: Is AUD/USD in Danger as Risk Appetite Wanes?

The Australian Dollar has staged a remarkable recovery from its covid-crash lows and has extended beyond February levels in many pairs. Still, the Australian Dollar is not impervious to changes in ...

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DAX 30, FTSE 100 & CAC 40 Forecasts for the Week Ahead

Risk appetite has wavered in the second half of the week, but losses are modest and volatility remains muted. If bearish breaks do occur, will they possess any follow-through?

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EUR/GBP Price Analysis: Euro subdued ahead of ECB Minutes

EUR/GBP has shown minimal price action of late but will the ECB provide the much needed catalyst in today's meeting?

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Fed Downplays Yield Curve Control, US Dollar Bounce, But For How Long?

Risk appetite has taken a slight hit with the US Dollar underpinned following the lack of policy hints in the FOMC minutes

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British Pound (GBP) Latest: GBP/USD Sell-Off a Dollar Driven Event, GBP/NZD Testing 200-DMA

The sharp sell-off in cable on late Wednesday was primarily driven by a reversal higher in the US dollar after the FOMC nudged back further forward guidance.

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USD Index Outlook: DXY Recovery May Fizzle Out Ahead of US Jobs Data

The US Dollar index ‘s (DXY) recent recovery may fizzle out as investors eye upcoming US jobless claims data.

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Wednesday, 19 August 2020

Gold Price Drop May Continue as Fed Stimulus Hopes Unravel

Gold prices slumped after minutes from July’s FOMC meeting signaled the Fed is no hurry to expand its stimulus toolkit. Deeper losses look likely ahead.

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USD/CAD Forecast: RSI Divergence Indicates Failed Test of January Low

The RSI for USD/CAD indicates a failed attempt to test the January low (1.2957) as the indicator deviates with price after struggling to push into oversold territory.

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AUD/USD Rates May Rise as Iron Ore Prices Soar to Multi-Year High

The AUD/USD exchange rate may rise on the back of soaring iron ore prices and falling Covid-19 case numbers in Australia’s second most populous state.

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Nasdaq Falls After Fed Minutes. ASX 200, Straits Times May Open Lower

The Nasdaq Composite fell 0.57% from the record high after the release of the Fed minutes. The ASX 200 and the Straits Times Index may follow the US stocks lower. The US Dollar index surged 0.77%.

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NZD/USD Rebound Fizzles as FOMC Minutes Foreshadow Change in Guidance

NZD/USD pulls back from the weekly high (0.6651) as the Federal Open Market Committee (FOMC) Minutes foreshadow a change in the forward guidance for monetary policy.

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S&P 500 and Gold Prices Wobble into Wall Street Close, AUD/USD May Fall

The S&P 500 and gold prices wobbled after the FOMC minutes undermined yield curve control bets. The AUD/USD may be vulnerable if Asia Pacific equities follow Wall Street lower.

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US Dollar & Treasury Yields Climb on Fed Meeting Minutes

The US Dollar and Treasury Yields are driving higher in response to July 2020 Fed meeting minutes that just crossed the wires, which highlighted a muted pace of asset purchases as market functionin...

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Dow Jones Forecast Largely Unchanged After Fed Minutes Despite Losses

The Dow Jones suffered minor losses following Wednesday’s FOMC minutes release. Still, the longer-term outlook remains conducive for further stock strength.

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Gold Price Wavers as USD Jumps Post-FOMC Minutes

Gold price action is tumbling as the US Dollar snaps sharply higher immediately after the July 2020 FOMC minutes release.

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US Dollar Cautious Ahead of FOMC, NZD/USD Flying High - US Market Open

Tentative session ahead of the FOMC minutes. Kiwi flying high despite negative rate calls, while UK inflation jumps.

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Euro Dollar Outlook: Price Action Stalls Ahead of FOMC

After nine consecutive weeks of gains, EUR/USD price action stalls ahead of FOMC

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Canadian Dollar Forecast: Key USD/CAD Levels to Watch

USD/CAD downtrend remains firmly intact as USD selling theme dominates pair. Risks for 1.30 handle.

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Canadian Dollar Forecast: Key USD/CAD Levels to Watch

USD/CAD downtrend remains firmly intact as USD selling theme dominates pair. Risks for 1.30 handle.

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British Pound (GBP) Latest: GBP/USD Prints a Fresh Yearly High, UK Inflation Picks Up

The latest ONS inflation release showed price pressures picking up in the UK as lockdown measures were eased. GBP/USD remains elevated after Tuesday’s rally.

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DAX 30 Index Eyeing Yearly Highs as German Bunds Approach Key Resistance

Germany’s DAX 30 index may push to fresh yearly highs as German Bunds struggle to breach key chart resistance.

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Tuesday, 18 August 2020

Crude Oil Prices Eye OPEC+ Meeting. Will Gold Rise on FOMC Minutes?

Crude oil prices are eyeing the upcoming OPEC+ online meeting and EIA inventory data. Will gold prices extend recent gains on the FOMC meeting minutes?

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Gold Price Stages V-Shape Rebound with Federal Reserve Minutes on Tap

The FOMC Minutes may do little to derail the V-shape rebound in the price of gold as the crowding behavior in the US Dollar looks poised to persist.

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US Dollar May Rise on US-China Trade War Risks, F-16 Jet Sale to Taiwan

The US Dollar may find itself in a favorable light if tension between the US and China over arms sales to Taiwan and delayed trade talks put a premium on haven-linked currencies.

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NZD/USD Rates Poised to Rise Despite Extension of Covid-19 Restrictions

NZD/USD rates appear poised to climb higher despite the extension of stage-three coronavirus restrictions in Auckland, New Zealand’s largest city.

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S&P 500 Hits Record High, USD at 2-Year Low, Hang Seng Trades Lower

The S&P 500 index climbed to its all-time high at 3,389. The US Dollar index fell to its lowest level seen since May 2018. Hang Seng Index may open lower.

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EUR/USD Rally Pushes RSI Into Overbought Zone Ahead of FOMC Minutes

It remains to be seen if the FOMC Minutes will derail the EUR/USD rally as the Relative Strength Index (RSI) climbs above 70 for the fourth time this year.

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AUD/USD Eyes Key Ceiling as US Dollar Slides Deeper into 2-Year Low

AUD/USD is flirting with key resistance and is in part being aided by strong risk appetite and relentless selling pressure in the US Dollar.

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Gold Price Forecast: XAU/USD Rebounds, Will the Bull Case Continue?

Gold has been a hot commodity in the year-to-date, surging in the wake of the coronavirus pandemic. A recent price pullback sparked concern, but many of the underlying tailwinds remain.

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VIX ‘Fear-Gauge’ Lifeless as S&P 500 Index Price Hits New Record

The VIX ‘fear-gauge’ is floundering with the S&P 500 Index closing at its all-time record high set in February prior to the onset of the coronavirus pandemic, but can stocks keep pressing higher?

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Japanese Yen Forecast: USD/JPY, CAD/JPY, AUD/JPY

The Japanese Yen has witnessed some dramatic price swings across a variety of pairs in recent weeks, but few of the longer-term trends have changed. Here are the levels that could see price moves a...

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Crude Oil Price Outlook Buoyed by Falling Volatility; PMIs Eyed

Crude oil price action could keep edging higher as risk appetite flourishes while market volatility bleeds lower, but upcoming Markit PMI readings might hint at a stalling economic recovery.

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US Dollar Bear Flag Breakout Begins - Key Levels for DXY Index

The US Dollar (via the DXY Index) has fallen to fresh yearly lows after consolidating for the first half of August.

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Euro, Pound & More: Charts and Technical Outlook

The EUR and GBP are trading against the top of recent ranges versus the USD; breakout or range some more?

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Bitcoin (BTC) Consolidating Before the Next Leg Higher or Running Out of Steam?

Bitcoin is nudging lower in early turnover after rallying in excess of $1,000 in the last week. If support holds then Bitcoin may look at highs seen in June last year.

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EUR/USD Latest: Fundamental and Political Drivers in the Spotlight

EUR/USD traders have their eyes set on upcoming fundamental factors for long-term directional bias while the short-term favors bulls. How long can the rally last?

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Gold and Silver Prices Push Higher as US Real Yields Turn Lower

Gold and silver are rallying hard and continue to pull-back last week’s sharp sell-off and their rallies may continue if US real yields slide further into negative territory.

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Crude Oil Prices May Track Stocks on Walmart, Home Depot Earnings

Crude oil prices may track stock markets as earnings guidance from retail giants Walmart and Home Depot shape the outlook on global economic growth.

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Japanese Yen Forecast: USD/JPY, NZD/JPY CHF/JPY Reversal

Japanese Yen paying close attention to US yields. NZD/JPY maintains seasonal pattern. CHF/JPY reversal?

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GBP/USD Rates Outlook Hinges on Upcoming Brexit Negotiations

The GBP/USD exchange rate’s outlook may hinge on upcoming Brexit negotiations as EU and UK officials attempt to deliver a free-trade deal before the flagged October deadline.

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Monday, 17 August 2020

USD/CAD Eyes January Low Even Though Canada Finance Minister Resigns

USD/CAD trades to a fresh monthly low (1.3185) even though Canada Finance Minister Bill Morneau resigns and steps down as a member of parliament.

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US Dollar May Rise on US-China Trade War Risks, F-16 Jet Sale to Taiwan

Silver Price Outlook: Bull Flag Pattern Emerges Amid Rebounding Bond Yields

Silver prices may be gearing up for another surge higher, carving out a Bull Flag continuation pattern just shy of key chart resistance .

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Gold Re-attempts $2000, DAX 30 and Hang Seng Set to Move Higher

Gold prices surged 2% in an attempt to re-claim the $2,000 territory as the USD fell. Dax 30 and Hang Seng Index set to open higher following a quiet US session.

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NZD/USD Vulnerable Following RBNZ as RSI Establishes Downward Trend

NZD/USD may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) establishes a downward trend in August.

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Australian Dollar Eyes RBA Minutes as Sino-US Tensions Flare Up

The Australian Dollar will be closely watching the release of the RBA meeting minutes as US-China tensions continue to rise over a plethora of policy issues.

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Australian Dollar Technical Forecast: AUD/USD, AUD/NZD, AUD/JPY

The Australian Dollar reiterates its bullish trend against its US Dollar and New Zealand Dollar peers as AUD/USD and AUD/NZD extend higher, which may carry over to AUD/JPY if volatility stays suppr...

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Nasdaq 100 Forecast: Index Crawls Higher as Gains Slow at Record Levels

The Nasdaq 100 began the week on a positive note yet again as the tech-heavy index crawled deeper into uncharted territory. Although gains have slowed, bulls seem to maintain control.

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Central Bank Watch: BOE, ECB & Fed Rate Expectations; EUR/USD, GBP/USD, USD/JPY Positioning Update

The European Central Bank is already operating in negative interest rate territory, will either the Bank of England or the Federal Reserve join?

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Gold Price Forecast: XAU/USD Rebounds, Will the Bull Case Continue?

US Dollar on Defense as Treasury Yields Retreat – USD Levels to Watch

US Dollar weakening has resumed as the DXY Index slides back toward two-year lows while USD price action whipsaws with ten-year Treasury yields snapping below 70-basis points.

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Shapes of the Recovery: The Recession Alphabet - V, U, W, J, & L

GBP/USD, FTSE 100 and GBP/NZD Outlooks - UK Weekly Webinar

The latest EU/UK trade talks, FOMC minutes and flash PMIs are the highlights of an otherwise quiet economic calendar.

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Markets Week Ahead: Gold, Dow Jones, US Dollar, Fed and ECB Minutes, Earnings

Gold prices tumbled as the Dow Jones rose on rising confidence in the global economic outlook, leaving the US Dollar under pressure still. With US-China trade talks postponed, all eyes turn to US r...

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USD/JPY Outlook: Record Decline in Japanese GDP, Key USDJPY levels

USD/JPY has traded slightly lower after the Japanese economy experienced the worst decline in quarterly GDP on record. Short-term uptrend remains for now

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British Pound (GBP) Latest: EU/UK Trade Talks Resume, GBP/USD Hints at a Positive Breakout

The EU/UK trade talks continue in Brussels this week against a marginally positive backdrop. Sterling is pushing higher and GBP/USD is nearing a multi-month high.

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Crude Oil Prices Hold Up Despite OPEC+ Output Rise, Demand Drop

Crude oil prices have managed to hold up despite the unwinding of OPEC+ output curbs and a demand outlook darkened by the Covid-19 pandemic.

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USD/CAD Rates May Wilt on Canadian Inflation and Retail Sales Data

The USD/CAD exchange rate may extend recent declines should upcoming Canadian inflation and retail sales data exceed consensus estimates.

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Sunday, 16 August 2020

Gold Price Levels to Watch as Rebound from August Low Unravels

The price of gold may continue to search for support over the coming days as the rebound from the monthly low ($1863) unravels.

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EUR/USD Rate Approaches 2020 High as RSI Retains Upward Trend

Current market conditions may keep EUR/USD afloat as the Relative Strength Index (RSI) continues to track the upward trend established in March.

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US Dollar Fundamental Outlook: USD/IDR, USD/PHP, USD/SGD, USD/MYR

The US Dollar traded lower against most ASEAN currencies last week. The IDR and PHP are eyeing the Indonesian and Philippine central bank with US-China trade talks postponed.

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Nasdaq Leads Nikkei 225 and ASX 200 Lower, US-China Talks Postponed

Japan’s Nikkei 225 and Australia’s ASX 200 stock indices look uneasy following a soft US session. Market sentiment is weighed by the delay of the US-China trade review.

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Japanese Yen Price Outlook: EUR/JPY, AUD/JPY Levels to Watch

The Japanese Yen may extend recent declines after breaching key chart support. AUD/JPY eyeing fresh yearly highs, EUR/JPY stalling ahead of key resistance.

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Markets Week Ahead: Gold, Dow Jones, US Dollar, Fed and ECB Minutes, Earnings

Dow Jones Faces Pressure as Inflation Bets with the US Dollar

The Dow Jones Industrial Average may face increasing selling pressure after the stock index moved back to the pre-Covid levels. A rising inflation outlook may lead to a less-dovish Fed and thus a s...

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Saturday, 15 August 2020

USD/MXN Week Ahead: Is The Upside In The Mexican Peso Sustainable?

USD/MXN breaks below downtrend support as Banxico cuts rates to help restart the economy

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Euro May Rise if Q2 GDP and PMI Data Reinforce Recovery Hopes

The Euro may rise if preliminary Q2 GDP data and PMI statistics shows a brighter than-expected-picture and kindle hopes of a smoother recovery.

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Gold Price Outlook: Will XAU/USD Brush off Worst Week in 5 Months?

Gold prices suffered the worst week in 5 months, is this the beginning of a new trend? The short-term outlook still seems to favor the upside on cheap global borrowing costs.

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US Dollar Price Forecast: Stimulus Deadlock, China Row Boost USD

The US Dollar may rise, buoyed by haven demand as fiscal stimulus talks stagnate and swelling tensions between Washington and Beijing sink trade talks.

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Friday, 14 August 2020

Crude Oil Weekly Outlook: Crude Oil Stalls Ahead of OPEC Meeting

Upside in Crude Oil struggling ahead of OPEC meeting. Cartel likely to maintain wait and see approach.

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AUD Forecast: Australian Dollar Vulnerable as Complacency Builds

The Australian Dollar has kept a bid alongside the slow-and-steady decline in volatility. Bulls may continue steering AUD price action higher, but the Aussie lies at risk of a bearish shift in mark...

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Nasdaq 100 Index Falls on Consumer Sentiment Report

The University of Michigan's Consumer Sentiment report printed 72.8 on Friday morning, sending the Nasdaq 100 index lower as consumer expectations remain downbeat in the current economic landscape ...

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GBP/USD, USDJPY & More – USD Charts For Next Week

The US Dollar continues to work on a sideways move in general that could lead to more weakness; USD/JPY bucking that trend while GBP/USD highlights it.

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Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

AUD/USD stalling, AUD/NZD makes key topside break on diverging monetary policy.

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Euro Dollar Forecast: EUR/USD Price Action Awaits US Retail Figures

EUR/USD Tests Key Resistance Level Amid Retail Sales Data

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British Pound Latest - Lockdown Measures Unwound, Brexit Common Ground, GBP/USD Bolstered

The UK government announced Thursday that lockdown measures will be unwound further this weekend in the next step to fully re-opening the economy.

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USD/JPY Rate May Fall on Disappointing US Retail Sales Data

The USD/JPY exchange rate at risk of a near-term pull back should US retail sales for July disappoint market participants.

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Thursday, 13 August 2020

Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing

Crude oil prices may rise if renewed US-Iran tensions stoke supply-disruptions fears – but will that be enough to sustainably offset OPEC disengagement and push Brent higher?

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Australian Dollar Outlook Eyes S&P 500, Retail Sales After Chinese Data

The Australian Dollar is eyeing how the S&P 500 reacts to US retail sales after Chinese equivalent ones were released. Beyond that, AUD/USD could be at risk to US-China trade talks.

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Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 Ranges

The Dow Jones Industrial Average tested a key resistance at 28,000 but failed to break through. Germany’s Dax fell 0.5% to just below 13,000.

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AUD Cautiously Eyes Chinese Data Ahead of Sino-US Trade Talks

The Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to upcoming Sino-US trade talks.

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USD/JPY Price Analysis: Dollar-Yen Shorts Surge, Yields Eyed

The US Dollar has climbed against its Japanese Yen peer over the last few trading sessions with spot USD/JPY rates rising more than 100-pips month-to-date, but some FX traders expect a reversal.

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Canadian Dollar Forecast: USD/CAD Slips, NZD/CAD Threatens Breakdown

The Canadian Dollar has been on a tear this week, staging rallies against the US Dollar and the New Zealand Dollar alike. Will critical breakdowns allow losses to accelerate?

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US Dollar Forecast: USD Price Action Rangebound – Levels to Watch

USD price action is whipsawing again and keeping the broader US Dollar relatively rangebound as the DXY Index bounces back and forth between two critical technical barriers. What's next for the USD?

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Mexican Peso: USDMXN Ticks Higher on Banxico Rate Cut

The Bank of Mexico cut its benchmark interest rate by 50-basis points on Thursday sending USD/MXN higher following a strong month for the Mexican Peso versus the US Dollar

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S&P 500, Nasdaq Price Forecast: SPY, QQQ Inch Towards All-Time-Highs

US stocks continue to defy gravity, pushing towards fresh all-time-highs in both the S&P 500 and the Nasdaq 100.

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British Pound Price Forecast: Cable Bounces, GBP/JPY to 140

It's been a week of strength in both GBP/USD and GBP/JPY, even with the record drop in UK GDP that was released yesterday.

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US Dollar Slides Lower - GBPUSD and EURUSD Outlooks

The US dollar (DXY) is pointing lower again and is within striking distance of a fresh 27-month low, underpinning both EUR/USD and GBP/USD.

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USD/ZAR Latest: Global Factors Dictating the South African Rand

With the USD/ZAR consolidating, it is only a matter of time before the pair receives the required fundamental catalyst to give traders directional bias

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New Zealand Dollar Forecast: NZD/USD, NZD/CAD Pressured by RBNZ Doves

NZD continues underperform as RBNZ doves maintain pressure on the currency.

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Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years

Gold prices might face renewed selling pressure after pausing to digest the biggest one-day drop in over seven years. Crude oil prices appear vulnerable as well.

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EU Stoxx 50 Index May Slide Lower on Disappointing GDP, Employment Data

The EU Stoxx 50 index is at risk of a near-term pull back ahead of the Euro-area’s upcoming second-quarter GDP release.

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Wednesday, 12 August 2020

Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing

Australian Dollar Dips Lower Despite Better-Than-Expected Employment Data

The Australian Dollar initially climbed higher before stumbling at session-highs, despite positive Australian jobs data.

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Hang Seng Gains Before US-China Talks, Gold Prices Stabilize

The Hang Seng Index surged for a second day ahead of the review of the US-China phase one trade deal. Treasuries fell on rising inflation expectations.

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Canadian Dollar Forecast: Bond Yields Sink USD/CAD, TSX Eyes March High

The Canadian Dollar gained with government bond yields, might USD/CAD find its way to current 2020 lows? Canada’s benchmark stock index, the TSX Composite, faces the March high.

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Australian Dollar Eyes Jobs Data After S&P 500 Touched All-Time High

Australian Dollar traders will have their eye on local jobs data. AUD and commodity-linked currencies may be boosted by strong risk appetite after a buoyant day on Wall Street trade.

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AUD/USD & ASX 200 Forecast: Can Aussie Stocks Break Higher?

The ASX 200 has encountered robust resistance around the 6,185 mark while AUD/USD looks to continue its upward journey. Still, shifts in risk appetite leave both markets on precarious footing.

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VIX Index Flops as Rotation Trade Sends Stocks & Yields Surging

The VIX Index, or fear-gauge, is falling fast as S&P 500 price action rallies hard on the back of the rotation trade out of bonds and into stocks. This is sending Treasury yields on a sharp spike h...

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New Zealand Dollar Forecast: NZD/USD, NZD/CAD Slip to Major Support

New Zealand Dollar weakness has sent NZD/USD and NZD/CAD stumbling to major trendline support after a dovish RBNZ rate decision. If broken, both pairs may be susceptible to further selling.

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Silver Price Forecast: Silver Slices Support, Bulls Aim for Recovery

While Gold had a big month of July - Silver put in a far bigger move. But as the release valve has opened in the month of August, can bulls support the trend?

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Euro Price Outlook: EUR/USD Builds Range – Chart Levels Eyed

EUR/USD price action has drifted sideways over the last few trading sessions as Euro strength putters out and helps the US Dollar claw back recent losses. Where is EUR/USD headed next?

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Gold Price Forecast Bright & Volatile as USD, Real Yields Swing

Gold price performance has garnered quite a bit of market attention over recent weeks as the precious metal hits new all-time highs thanks to a parabolic rally fueled by falling real yields and US ...

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FTSE 100 Latest: Moving Higher Towards Trading Range Resistance

The FTSE 100 remains locked in a 6-8 week trading range and is currently pushing towards a re-test of the upper bound and the 50% Fibonacci retracement level.

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EUR/GBP Looks for Directional Cues after Record Drop in UK GDP Data

EUR/GBP fixated around the key 0.9000 level as price action offers no clear directional bias as the market digests a record drop in UK GDP

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Gold & Silver Prices Bounce Off Key Support Following Bond Fuelled Crash

Gold and Silver crash stemming from a surge in US yields. However, both bounce off 50% retracement.

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Tuesday, 11 August 2020

UK Q2 GDP Falls by a Record 20.4% But Signs of a Recovery Appear, GBPUSD Unchanged

The UK economy fell into a technical recession in the second quarter due to the COVID-19 pandemic with the economy contracting by over 20%. The monthly GBP figure for June however shows signs of a ...

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Euro Price Outlook: EUR/USD Bull Flag in Play as Covid-19 Case Numbers Taper

The EUR/USD exchange rate appears poised to resume its uptrend as it carves a potential Bull Flag pattern just shy of chart resistance.

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Nasdaq Drops as Tech Rotates Out of Favor, Nikkei 225 Tests Resistance

The Nasdaq retraced as capital rotated out from technology to cyclical sectors. Japan’s Nikkei 225 index challenged a key resistance at 22,900. Gold prices tumbled.

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New Zealand Dollar Plunges As RBNZ Boosts Large-Scale Asset Purchase Program

The New Zealand Dollar tumbled after the RBNZ expanded its asset purchasing program and flagged the potential implementation of negative interest rates.

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NZD/USD May Rise on RBNZ Rate Decision. Tech Stocks Extended Losses

New Zealand Dollar traders will be anxiously waiting for the RBNZ rate decision following a gloomy session in Wall Street trade. Technology stocks led in losses – why are they retreating?

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Stocks Slip As Biden Announces VP

US equities forfeited earlier gains to close at the lows moments before Presidential candidate Joe Biden announced California Senator Kamala Harris as his Vice President pick. Will stocks fall furt...

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New Zealand Dollar Forecast: Kiwi in Focus as RBNZ Decision Looms

NZD price action could steal the limelight on Wednesday as volatility spikes with an RBNZ interest rate decision due for release at 02:00 GMT. Here are levels to watch for the New Zealand Dollar.

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Australian Dollar Price Forecast: AUD/USD Threatens Reversal

It's been a strong outing for the Aussie since fresh lows in March, but might that bullish run be nearing its end?

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Euro Price Outlook: EUR/USD Builds Range – Chart Levels Eyed

FTSE 100 Forecast for the Week Ahead: Key Data Due as Momentum Fades

The FTSE 100 will await key data from the United Kingdom as bullish momentum has begun to fade over the last few weeks. Can a strong showing revive risk appetite?

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Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; AUD, CAD, & NZD Positioning

Even as global growth appears to be getting back on track, central banks are in no hurry to raise interest rates.

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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GBP/USD, AUD/JPY & More: Charts and Technical Outlook

GBP/USD is holding up nicely around big resistance while AUD/JPY builds bullish-looking pattern; charts and potential paths for these two and other pairs/markets.

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Gold Losing Shine on Rising US Rates, NZD/USD Volatility Soars - US Market Open

NZD volatility gauge surges ahead of RBNZ meeting, while Gold corrects lower as US rates surge.

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NZD/USD Outlook: Can Bulls Maintain Control Ahead of RBNZ Decision?

Fibonacci resistance holds strong ahead of RBNZ decision

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British Pound (GBP) Latest: GBP/USD Shrugs Off UK Employment Data, Focus Now on Q2 GDP

The latest UK employment release has barely moved Sterling with Wednesday's Q2 GDP data a more accurate barometer of the state of the UK economy.

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Gold Prices Sink as Inflation Expectations Drop and US Dollar Gains

Gold prices are on pace to suffer their largest three-day drop since late March as cooling inflation expectations undermine the metal’s store-of-value appeal.

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USD Index Forecast: Bear Flag Pattern Emerges Amid US Stimulus Talks

The US Dollar appears poised to resume its decline from the March high, carving out a Bear Flag continuation pattern just below key chart resistance.

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Monday, 10 August 2020

AUD/USD Forecast: Rate to Watch Ahead of Australia Employment Report

AUD/USD may stay afloat ahead of the update to Australia’s Employment report as the crowding behavior in the US Dollar carries into August.

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US Dollar Comeback Ahead? US-China Tensions Push Havens Higher

The US Dollar may rise on haven demand as US-China tension grows over technology and intra-governmental friction afterTrump’s executive orders on coronavirus relief aid.

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Natural Gas Price At Risk Of Pullback Amid European Storage Concerns

Natural gas prices may pull back after surging 23% in August as European storage facilities near capacity and OPEC+ hikes daily crude oil quotas.

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S&P 500 Faces Key Chart Barrier, Hang Seng Index Looks for Support

The S&P 500 index is set to challenge a key resistance at 3,360 – the 200% Fibonacci extension level. The Hang Seng Index looks for support at around 24,400.

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USD/CAD Rate Rebound Undermined by Crowding Behavior in US Dollar

Current market conditions may keep USD/CAD under pressure as the crowding behavior in the US Dollar persists.

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AUD/NZD Broke Half-Decade Ceiling. Tech Stocks Retreat on Sino-US Risks

AUD/NZD has crossed a key technical threshold after being rejected by descending resistance for five years. Technology stocks continue to suffer amid growing US-China tension.

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Dow Jones & DAX 30 Forecasts: Lagging Industrials Stymie Gains

The Dow Jones and DAX 30 continue to lag the tech-heavy Nasdaq 100 as their greater exposure to industrial sectors looks to keep a lid on explosive gains.

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Gold Price Forecast Bright & Volatile as USD, Real Yields Swing

Dollar vs Mexican Peso Price Outlook: USD/MXN Range Breakout Imminent

Mexican Peso has carved the August opening-range just below trend resistance- breakout to offer guidance. Here are the levels that matter on USD/MXN technical charts.

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Markets in Limbo as Volatility Gyrates: VIX, EVZ, VXEEM, OVX

Gauges of cross-asset volatility like the VIX, EVZ, VXEEM, and OVX have tumbled lower as appetite for risk prevails, but building uncertainty around fiscal stimulus and trade tension hangs over mar...

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FTSE 100 Forecast for the Week Ahead: Key Data Due as Momentum Fades

US Dollar Consolidates Below Critical Support - Key Levels for DXY Index

The US Dollar (via the DXY Index) has fallen below uptrend support in place since 2011.

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Canadian Dollar Price Outlook: USD/CAD Tests TL Resistance

USD/CAD has put in a resistance check, but can the pair break through short-term support?

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Weekly Crude Oil Technical Forecast: Tedious Trading Continues

Crude oil prices have been rather quiet in recent weeks, with the four-week ATR falling to its lowest level since the last week of December.

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Markets Week Ahead: US Dollar, Gold , Nasdaq 100, US-China Woes. Stimulus?

The US Dollar rose as the Nasdaq 100 and gold prices fell on Friday following escalating US-China tensions and a stalemate in fiscal stimulus talks. Could these important fundamental forces set the...

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Gold Price Steadies After Friday's Sell-Off, Silver's Volatility Remains Elevated

Gold and silver continue to regroup after Friday’s sharp sell-off as familiar themes battle to take control of short-term price action.

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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes Action

The British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid measures.

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British Pound Outlook: GBP/USD, GBP/JPY at Risk Ahead of UK Jobs Data

The British Pound may fall on disappointing UK employment data as investors look ahead to the end of the government’s furlough scheme in October.

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Crude Oil Prices Eye US Congress for Direction Amid Fiscal Deadlock

Crude oil prices look for direction in ongoing negotiations in the US Congress about a new round of fiscal stimulus to counter Covid-19 malaise.

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Sunday, 9 August 2020

EUR/USD Rate Forecast: RSI Indicator Shows Textbook Sell Signal

The Relative Strength Index (RSI) shows a textbook sell-signal for the EUR/USD exchange rate as the indicator falls back from overbought territory and slips below 70.

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US Dollar Comeback Ahead? US-China Tensions Push Havens Higher

NZD/USD Outlook Hinges on RBNZ Amid Failure to Test January High

NZD/USD appears to be stuck in a narrow range ahead of the Reserve Bank of New Zealand (RBNZ) rate decision amid the failed attempts to test the January high (0.6733).

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Gold Price Outlook: Pullback On The Cards Amid Escalating US-China Tensions

Gold prices may slide lower as RSI divergence hints at uptrend exhaustion and US-China tensions buoy the haven-associated US Dollar.

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Australian Dollar May Seesaw on Chinese CPI Data, US-China Risks

The growth-anchored AUD will be closely watching CPI data out of China – Australia’s largest trading partner – and ongoing political friction between Beijing and Washington.

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Oil Price Outlook Hinges on OPEC Meeting as US Output Remains Stagnant

The price of oil clears the July high ($42.51) ahead of the OPEC meeting as US crude output sits at its lowest level since 2018.

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Markets Week Ahead: US Dollar, Gold , Nasdaq 100, US-China Woes. Stimulus?

US Dollar Weekly Outlook - Short-Term Relief Rally or a Change of Heart?

The US dollar is trying to form a supportive base to rally-off but the fundamental backdrop remains gloomy for the greenback.

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Saturday, 8 August 2020

British Pound May Fall on Virus-Hit GDP Data, Brexit Stalemate

The British Pound may come under fire as uncertainty about Brexit continues to curb GBP’s enthusiasm ahead of the release of preliminary, Q2 UK GDP data.

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Yen May Rise as Nasdaq 100 Falls on US-China Tensions, Fiscal Woes

The anti-risk Japanese Yen may rise versus currencies like the AUD and NZD on US-China tensions and fiscal stimulus woes which sank the Nasdaq 100 at the end of last week.

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Friday, 7 August 2020

S&P 500 and FTSE 100 Forecasts for the Week Ahead

Tech leading the S&P 500 towards record highs, however, China risks rise. FTSE 100 hovers in a lower range.

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Gold Price Forecast Bright & Volatile as USD, Real Yields Swing

USD/CNH: U.S. Sanctions Hong Kong Officials, Chinese Yuan Sinks

The Chinese Yuan took a hit on headlines that the United States is sanctioning key Hong Kong officials, including Chief Executive Carry Lam, sending USD/CNH higher Friday morning

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NFP: Gold, US Dollar, S&P 500 Traders React to July Jobs Report

The July 2020 NFP report just crossed market wires and is weighing considerably on gold, US Dollar, and S&P 500 price action.

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GBP/USD, GBP/JPY & More: Charts for Next Week

GBP versus USD and JPY are taking a breather, but both have breakout potential if they continue to hold up.

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US Dollar Volatility Ranges Ahead of US Non-Farm Payrolls

US Non-Farm Payrolls in focus. President Trump expects a big number despite contradicting employment signals.

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British Pound (GBP) Latest: GBP/USD Drifting Lower as US Jobs Report Nears

The latest US jobs report is giving the greenback a small uplift with GBPUSD now pressing down on 1.3100 in thin turnover. Little is expected of the pair ahead of the 12:30 GMT release.

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US Dollar Poised to Recover Ahead of US Nonfarm Payrolls Report

The US Dollar Index could recover on positive US nonfarm payrolls data as RSI divergence hints at near-term reversal.

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Crude Oil and Gold Prices Eye US Jobs Data, Fiscal Impasse, China Tension

Crude oil prices may fall as gold gains if US jobs data disappoints while an impasse on additional fiscal stimulus and growing tensions with China sour sentiment.

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Thursday, 6 August 2020

New Zealand Dollar Time Cycle: Implications for NZD/USD and NZD/JPY Rates

The New Zealand Dollar may extend its surge from yearly lows as it tentatively signals a cyclical upturn. NZD/USD, NZD/JPY rates poised for further gains.

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Indian Rupee, USD/INR Look Past RBI Rate Hold. Nifty 50 Uptrend Holds

The Indian Rupee struggled to benefit from an unexpected RBI rate hold as the Nifty 50 inched closer to invalidating a bearish reversal signal. What is the road ahead for USD/INR?

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EUR/USD Rally Continues to Be Accompanied by Extreme RSI Reading

The extreme reading in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in EUR/USD like the behavior seen in June.

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Mexican Peso Outlook at the Mercy of US Economic Trends

Nasdaq 100 Extends Rally, AUD/USD at Key Level Ahead of RBA Statement

Technology stocks rallied with risk-oriented assets after US jobs data printed better-than-expected figures. AUD/USD is trading at a key cross-section ahead of the RBA Statement on Monetary Policy.

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Canadian Dollar Forecast: USD/CAD Mired by Trump Tariffs on Metals

The Canadian Dollar could start to crumble on the back of fresh aluminum tariffs just announced by President Trump, which may jeopardize the USMCA deal, and brings USD/CAD price action into the cro...

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USD Price Outlook: US Dollar in Focus with Jobs Report Due

USD price action whipsawed over the last five trading sessions; can nonfarm payrolls data on deck spark a move in the US Dollar with enough impetus to breach critical technical barriers?

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EUR/JPY Latest: Euro bulls persistent on topside resistance

The Euro run has been immense to say the least but how long can this upward impetus be sustained?

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USD/TRY, EUR/TRY Jump to Record Highs on Lira Weakness

The Turkish Lira weakened considerably on Thursday, sending USD/TRY and EUR/TRY to record highs following money market disruptions in an already fragile economy

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AUD/USD Analysis: Aussie Dollar Nearing 2020 High Ahead of NFP Data

The Australian Dollar has continued its strong upward trend since the March low with the 2020 high in view ahead of the US NFP data on Friday

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Silver Surfing Higher, USD/TRY Spikes to Record High, GBP Jumps on BoE - US Market Open

GBP rises as BoE walk back on negative rates, USD/TRY spikes to record peak, silver surfing higher

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EUR/USD Price Waits for US NFPs, EUR/GBP Slides on Sterling Strength

After printing a fresh two-year high earlier in the session, EUR/USD has edged lower and is now waiting for Friday’s US NFP report to signal the next move.

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Gold Price Surge May Be Losing Steam, US Fiscal Stimulus Eyed

Gold prices may backtrack after hitting a record high as technical positioning hints bullish momentum is ebbing. US fiscal stimulus negotiations are in the spotlight.

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New Zealand Dollar (NZD) vs Canadian Dollar (CAD): Levels to Watch

NZD weakening against major counterparts ahead of pivotal RBNZ meeting. NZD/CAD in focus.

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Wednesday, 5 August 2020

Bank of England Leaves Policy Measures Unchanged, GBP/USD Picks Up a Bid

The Bank of England left all policy levers untouched, leaving Sterling free to push higher against a weak US dollar.

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EUR/USD, EUR/CHF Rates at Risk as Rising Covid-19 Cases Sour Sentiment

EUR/USD, EUR/CHF rates at risk of near-term pullback as Covid-19 ‘second wave’ fears weigh on regional investor sentiment.

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Dow Jones Leads Mixed Nikkei 225 and ASX 200, DBS Boosts Straits Times

Japan’s Nikkei 225 and Australia’s ASX 200 stock indices erased earlier gains after a strong US session. Singapore’s largest bank announced strong earnings.

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USD/CAD Breaks Down From June Range While RSI Approaches Oversold Zone

An oversold reading in Relative Strength Index (RSI) is likely to be accompanied by a further depreciation in USD/CAD like the behavior seen in June.

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New Zealand Dollar Time Cycle: Implications for NZD/USD and NZD/JPY Rates

AUD/USD Trades to Fresh Yearly High Ahead of RBA Policy Statement

The updated Statement on Monetary Policy may keep AUD/USD afloat as the RBA continues to rule out a negative interest rate policy (NIRP) for Australia.

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US Dollar May Extend Losses as Gold Prices Surge With Stock Markets

The US Dollar may continue to decline versus gold and growth-linked assets in an environment of high risk tolerance and buoyancy in equity markets.

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NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average forex volat...

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GBP/USD Price Outlook: Pound Sterling Eyes BoE Update on Tap

The Pound-Dollar looks primed for currency volatility judging by implied GBP/USD price action headed into Thursday’s scheduled Bank of England (BoE) monetary policy update.

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Bank of England (BoE) Rate Decision Preview: So Far, So V

The BoE is not expected to make any major changes to the current monetary policy. But surprise negative rate talk is a risk.

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US Dollar Price Action: USD Bears are Back - EUR/USD, AUD/USD

USD bears didn't wait around for long: After a resistance test at a significant swing-low from 2018, sellers have returned with a vengeance.

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Global Risk Events for August - BoE, RBNZ, Fed Jackson Hole Symposium in Focus

Throughout August, key risk events will come in the form of the BoE, RBNZ rate decision. Alongside the Fed’s Jackson Hole Symposium.

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Crude Oil Prices Up with Gold and Stocks as US Dollar Drops, EIA Eyed

Crude oil prices rose as alongside US stock markets and gold while the US Dollar traded sharply lower. S&P 500 futures hint these moves may extend. EIA inventory data is due.

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Gold Soars to a Fresh All-Time High, Silver at its Best Level in Seven-Years

Gold and silver continue to rally hard, fueled by persistent US dollar weakness, negative real yields and the haven-status of the precious metals space.

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British Pound (GBP) Latest: FTSE 100 Heading Higher, GBP/USD Flat

The FTSE 100 index of the major London-listed stocks is gaining some upward momentum and could rise further as traders shrug off concerns about the cost of pandemic relief programs.

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DAX 30 Index Hampered by Covid-19 Concerns As German Bunds Eye Fresh Highs

Germany’s DAX 30 stock index may slide lower on ‘second wave’ Covid-19 fears as haven-associated German Bunds eye fresh monthly highs.

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Tuesday, 4 August 2020

EUR/USD Outlook: Rates to Watch as RSI Holds in Overbought Zone

The persistent reading above 70 in the RSI is indicative of a further appreciation in EUR/USD like the behavior seen in June.

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Copper Price Outlook: Pullback on the Cards as US-China Trade Tensions Escalate

Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy.

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Hang Seng Index May Break Key Resistance, China A50 Awaits PMI

The Hang Seng index rebounded 2% on Tuesday, challenging a key resistance at 25,000. The China A50 index edged higher following an upbeat US session.

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Gold Price Blasts Through $2000 to Mark Fresh Record High

The price of gold blasts through the psychologically important $2000 mark to tag a fresh record high ($2026).

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New Zealand Dollar Rallies on Stellar Jobs Data, AUD/NZD to Reverse?

The New Zealand Dollar extended its rally after a bright day on Wall Street after release of better-than-expected local jobs data. Will AUD/NZD again retreat from 5-year resistance?

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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S&P 500 Price Outlook: VIX Drifts Sideways as Stocks Sputter

Looking beyond stellar big tech earnings, the S&P 500 Index has changed little over the last two weeks as stocks lose upward momentum and the VIX ‘fear-gauge’ stays supported amid stimulus talks st...

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AUD/USD Forecast: AUD/USD Clings to Trendline with Bearish Sentiment

Bulls maintain control in AUD/USD, but can they break through Fibonacci resistance?

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GBP Price Outlook: Pound Sterling Eyes PMIs & BoE Inflation

The Pound Sterling could be ripe for volatility later this week in light of the upcoming revision date to Markit PMI data and a highly-anticipated Bank of England monetary policy update on deck.

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GBP/USD, USD Index Charts and More

Cable is up against confluent resistance, in need of a break while the DXY may recover or move sideways for a bit to work off oversold, overly bearish conditions.

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How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

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USD/JPY Price Analysis: Japanese Yen at Key Juncture, USD Rebound

The Japanese Yen has surrendered recent gains since breaking below the key 106.00 support level

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GBP/USD Cracks 1.30 on USD Demand, Volatility Lurking in USD/TRY - US Market Open

Focus remains on US fiscal stimulus talks. However, volatility is lurking in the Emerging Market space

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Market Sentiment: USD, Stocks, Gold Price Wait for US Aid Deal | Webinar

Traders remain broadly confident about the markets but the next big move will probably not come until the White House and Congress agree, or fail to agree, on an aid package for the US economy.

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US Dollar (DXY) Struggles to Push Higher After Multi-Month Sell-Off Sets the Tone

The US dollar remains just off its recent 26-month low and will likely wait for Friday’s US Labor Report before the greenback decides on its next move.

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New Zealand Dollar at Risk, GBP/USD Weakness - FX Seasonality for Month Ahead

FX seasonal trends show investors position defensively with safe-havens in demand over cyclical currencies.

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Gold Prices May Fall If Markets Make Good on Bearish Chart Setup

Gold prices may turn lower markets make good on early technical signs of topping. US fiscal stimulus negotiations may emerge as the decisive catalyst.

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British Pound (GBP) Latest: FTSE Shrugs Off BP Results, GBP/USD Stable

GBP/USD is steady around the 1.31 level, with few signs of a major move up or down, while the FTSE 100 index is little changed even though BP shares rose, oddly, after news of a record loss and div...

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EUR/JPY Poised for Near-Term Pullback as Technical Divergence Takes Shape

The EUR/JPY exchange rate looks poised for a short-term pullback as technical divergence suggests the recent rally may be running out of steam.

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Monday, 3 August 2020

Australian Dollar Spikes Higher as RBA Keeps Monetary Policy Settings Steady

The Australian Dollar spiked higher after the Reserve Bank of Australia kept the target for the official cash rate and 3-year yield steady at 0.25%.

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USD/CAD Rate Reverses Ahead of June Low as RSI Breaks Out

USD/CAD appears to reversing course following the failed attempt to test the June low (1.3315) as the RSI breaks out of the downward trend established in July.

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US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar slide extended against the Singapore Dollar, Malaysian Ringgit, Philippine Peso and Indonesian Rupiah. Focus turns to the US jobs report, ASEAN GDP and the RBI.

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Euro at Risk on EU Digital Sovereignty Stance, USD Eyes Stimulus Talks

The Euro may pay the price for the EU’s stance on its digital sovereignty while the US Dollar eyes closely-scrutinized US fiscal stimulus talks.

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ASX 200 May Rise on Strong US Leads, RBA Meeting in Focus

The ASX 200 index may open higher on Tuesday following a strong US trading session. Singapore’s Straits Times Index slumped to a key support at 2,500.

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NZD/USD Fails to Test January High Ahead of New Zealand Employment

NZD/USD has failed to test the January high (0.6733) ahead of New Zealand’s Employment report, which is expected to show the first contraction since 2019.

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Nasdaq 100 Record High Faces Resistance, AUD/USD Turns to RBA Next

While the Nasdaq 100 has hit a record high, futures show that key resistance has held. The Australian Dollar fell amid rising local Covid-19 cases, now awaiting the RBA next.

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Euro Forecast: Resistance Holds, For Now - Key Levels for EUR/JPY & EUR/USD

The Euro just had its best monthly performance versus the US Dollar since September 2010. A good omen?

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US Dollar Volatility: AUD/USD & NZD/USD Turn to RBA & Jobs Data

After sliding by more than 3% last month, the US Dollar is trying to turn higher against key FX peers like the Aussie and the Kiwi, which brings AUD/USD and NZD/USD volatility into focus amid key e...

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