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Wednesday, 2 September 2020

British Pound (GBP) Latest: GBP/USD Backs Off 1.35, May Try Again

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GBP/USD has fallen back after almost touching psychological resistance at 1.35 Tuesday but remains well placed to challenge that level again...

US Dollar Outlook: Congress Stimulus Bill Impasse May Fuel USD Recovery

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The under-fire US Dollar may stage a recovery as the stalemate between Republicans and Democrats prolongs the delivery of much-needed fiscal...
Tuesday, 1 September 2020

Gold Prices to Watch as RSI Rebounds From Lowest Reading Since June

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The RSI may help to validate a continuation pattern in the price of gold as the indicator appears to be bouncing back from its lowest readin...

Australian Dollar Spiked Lower as Australia Enters First Recession in 29 Years

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The Australian Dollar spike lower after second quarter GDP confirmed the country had entered its first recession in almost 30 years. from ...

Dow Jones Climbs on Strong ISM Data, ASX 200 Eyes GDP Figure

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The Dow Jones Industrial Average climbed 0.76% after the release of an upbeat ISM Manufacturing PMI reading. Australia’s ASX 200 Index fluct...

USD/CAD Rate Eyes January Low as RSI Flirts with Oversold Territory

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USD/CAD appears to be on track to test the January low (1.2957) as the Relative Strength Index (RSI) flirts with oversold territory. from ...

AUD/USD at 21-Month Swing High Despite Narrowing Trump-Biden Spread

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AUD/USD is trading at a key inflection point, marked by the December 2018 swing-high. Could a narrowing Trump-Biden spread catalyze a pullba...

VIX Index ‘Fear-Gauge’ Climbs as S&P 500 Surges to New Record

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VIX Index ‘fear-gauge’ has conspicuously advanced alongside the S&P 500 over recent trading sessions as stocks push to new all-time high...

Gold Price Forecast Remains Encouraging on Ever-Expanding Stimulus

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The outlook for gold prices remains constructive as central banks give little indication that their efforts to revive their respective econo...

USD Price Action: US Dollar Tests Big Support - EUR/USD, GBP/USD

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The US Dollar is starting off September with a support test at a major level, and this seems inextricably linked to EUR/USD testing 1.2000. ...

Nasdaq 100 Price Gains Continue as Tesla Stock Soars Despite Bubble-Like Conditions

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The Nasdaq 100 is driving higher again this week as exuberant stocks like Tesla help bolster the tech-heavy Nasdaq. That said, concern may b...

US Dollar Claws Back Losses on Solid Manufacturing PMI Data

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The US Dollar is attempting to go green as USD price action leaps higher in response to the latest manufacturing PMI data released by the In...

EUR/GBP Price Forecast: EURGBP Trades to 12 Week Low, Euro CPI data

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The EUR/GBP pair has traded lower after failing to test the June high but there remain challenges to both currencies as Brexit talks stall. ...

DailyFX Education Summit: Trade Your Market

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The DailyFX Education Summit will be held online from September 15 to September 17. Register now! from DailyFX - Market News https://ift.t...

Trader Sentiment Data Send Bearish Signals on Stocks, Bullish Euro | Webinar

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IG client positioning data are sending bearish signals on Wall Street and European stock markets but bullish signals on the Euro crosses. ...

Euro Dollar Forecast: Bulls look to break above 1.200 as Euro Continues to Strengthen

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US Dollar Weakness pushes EUR/USD RSI towards overbought territory. from DailyFX - Market News https://ift.tt/3hMrs0Q via IFTTT

Crude Oil Price Chart Hits at Topping After Sharp 4-Month Rise

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Crude oil price positioning hints that a reversal lower ma be brewing in the cards despite August having capped the biggest four-month rise ...

Gold Price Nears $2,000/oz. as the US Dollar Slumps, Retail Remain Long but Sentiment is Mixed

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Gold opens the week on a positive note as the US dollar hits a 28-month low. Retail traders remain long of the precious metal but sentiment ...

British Pound (GBP) Latest: Path Clear For GBP/USD to Top 1.35

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The strong advance in GBP/USD over the past week looks set to continue, with the December 12, 2019 high at 1.3516 a potential target for Ste...

USD/CAD Rates May Extend Fall as RSI Dives Into Oversold Territory

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The USD/CAD exchange rate may extend its 8-week decline as price snaps multi-year trend support and RSI dives into oversold territory. fro...