NOK Eyes Crude Oil Prices, Norges Bank and FOMC Rate Decisions

The Norwegian Krone will likely experience higher-than-usual volatility alongside crude oil prices ahead of rate decisions by the Norges Bank and Fed.


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NZDUSD Chart Analysis: Sellers Threaten 17-Year Trend Support

The New Zealand Dollar is threatening to break a 17-year uptrend after sellers reasserted dominance to end and then erase an upswing from late-May lows.


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EURUSD Sinks Towards 2019 Lows as US Dollar Soars on Retail Sales

EURUSD sunk through support, verifying a prior false upside breakout as the US Dollar soared on local retail sales and industrial production data. NZDUSD at risk to incoming data.


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Weekly Gold Price Forecast: Outlook Tied to Fed Meeting, Interest Rate Forecast

Gold prices have rallied in recent week as Federal Reserve interest rate cut expectations have been aggressively dragged forward. But if the FOMC doesn’t confirm the market consensus that the Fed cut cycle is about to begin, gold prices may have difficult continuing higher in the short-term.


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Weekly Technical Forecast: Dow and EURUSD Reverse, Gold and Oil Extend Runs

Faced with the prospect of forcing key breakouts that could systemically alter the markets bearing, the US indices and EURUSD instead folded to technical pressure. Not all markets have lost traction and conviction. Both gold and oil have extended major bullish and bearish trends, respectively.


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Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears

A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, it is clear that this persistent theme is once again firmly a concern – and reinforced by flagging economic growth. Will Fed support offer enough relief to prevent a sentiment cave in?


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US Dollar Weekly Technical Forecast Ahead of FOMC

The Dollar rallied off support last week, but it is still questionable as to whether it can pick up more momentum from here or not; Fed meeting this week.


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S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

S&P 500, DAX and FTSE 100 look to Fed, ECB and BoE monetary policy outlook.


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Crude Oil Price Trading Bias Bearish as Chart Resistance Pressured

Crude oil prices may be due for a near-term correction on reversal technical signals, but oil net-long positioning offers a bearish-contrarian bias, opening the door to testing 2018 lows.


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Euro at Risk as the ECB Sets Up for a Dovish Policy Trajectory

The Euro may come under pressure as the ECB Forum drafts a dovish policy path while EU bigwigs pick its next President with an eye on that vision’s execution.


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Gold Price Weekly Outlook: Breakout Stalls at Multi-year Resistance

Gold prices rallied for a fourth-consecutive week with the advance now testing the 2016 resistance slope. These are the levels that matter on the XAU/USD weekly chart.


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AUDUSD Chart Shows Bears in Control - Technical Outlook

Spot AUDUSD risks printing fresh multi-year lows after a hard rejection of the 0.7000 price level last week.


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US Dollar (USD) Weekly Forecast: Fed to Confirm Interest Rate U-Turn

The US dollar (USD) is biding time ahead of next week’s FOMC monetary policy decision where it is expected that Chair Jerome Powell will indicate that interest rate cuts are coming with the July meeting the most likely starting point.


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Dow Jones, DAX 30, FTSE 100 Technical Forecast

The Dow Jones, DAX 30 and FTSE 100 may experience considerable volatility in the week ahead, here are the technical levels to watch.


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GBPUSD Rate Outlook Hinges on Bank of England (BoE) Forward Guidance

The Bank of England (BoE) meeting on June 20 may shake up the near-term outlook for the British Pound if the central bank alters the forward guidance for monetary policy.


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EURUSD Dropping After a Failed Breakout, Euro Stretched Across Board

The Euro put in for a notable retreat through the second half of last week, but its reversal is not as intense as EURUSD may insinuate. Will momentum spread in the week ahead?


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Crude Oil Prices May Seesaw Between Iran Politics, Growth Sentiment

Crude oil prices may find themselves oscillating between political risks in Iran, leading to fears of a supply shock, and waning optimism over global growth prospects.


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Dollar Holds Off Collapse on GDP Hopes Which the Fed Will Make or Break

The global markets are drawing in their breath in anticipation of the upcoming Fed rate decision. With a unmistakable fade in growth with trade wars, the markets are putting far too much hope in the world’s largest central bank.


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Top 5 Events: May Canada Inflation Report & CADJPY Price Forecast

The May Canada inflation report (consumer price index) is due on Wednesday, June 19 at 12:30 GMT.


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Gold Price Explodes to Fresh Yearly Highs - Levels to Know

Gold prices have caught a significant ramp over the past two weeks and are now testing long-term resistance. But will the FOMC be as dovish as Gold bulls hope for?


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