Euro gains have been largely built upon crumbling US Dollar; elsewhere, speculation that the ECB will introduce new stimulus soon has weighed on the Euro. The upcoming June Eurozone inflation report is due to show that price pressures have arrested their recent decline.
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Monday, 24 June 2019
Technical Indicators Defined and Explained for Forex Traders
Learn about the key technical indicators and how they can take your analysis to the next level.
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Sunday, 23 June 2019
Gold Prices May Struggle to Extend Gains Before G20 Summit
Gold prices may struggle to extend last week’s dramatic Fed-inspired rally as markets eye a G20 summit where it is hoped that US-China trade talks will resume.
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Dwindling German IFO Business Climate Survey to Rattle EURUSD Rally
Updates to Germany’s IFO Business Climate survey may rattle the recent rally in EURUSD as the index is expected to narrow for the third consecutive month in June.
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Euro Nervously Eyes G20 Summit Outcome, Italy Budget Dispute
With a relatively light economic docket in the US and Europe, the Euro may find itself focusing on lingering fundamental risks and themes including the G20 summit and a budget dispute with Italy.
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Weekly Euro Forecast: Last Week of June Awaits Euro Inflation Data
Euro gains have been largely built upon crumbling US Dollar; elsewhere, speculation that the ECB will introduce new stimulus soon has weighed on the Euro. The upcoming June Eurozone inflation report is due to show that price pressures have arrested their recent decline.
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Asian Markets Trade Mixed, Narrow With Eyes On Iran, G20, RBNZ
Regional bourses lacked an overarching theme as a new week got under way, but there were at least three big issues for investors to focus on.
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USDSGD Eyes G20 Trade Talks, Rupee at Risk as Pompeo Visits India
USDSGD may rise as the Dollar gains during the G20 summit in Osaka, Japan as markets eye US-China trade talks. The Rupee is at risk to a US tariff push as Mike Pompeo visits India.
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NOK and SEK Eye Trump and Xi Meeting at G20, Rising Brexit Risks
The Swedish Krona and Norwegian Krone will be closely watching the G20 summit and updates on the status of US-China trade relations against a backdrop of growing uncertainty over Brexit.
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NZDUSD Rate Rebound Vulnerable to Dovish RBNZ Forward Guidance
NZDUSD stands at risk of staging a larger rebound ahead of the RBNZ interest rate decision on June 26 as the exchange rate carves a series of higher highs and lows.
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AUDUSD Gains, RBA Lowe Again Ponders Monetary Easing’s Limits
The Australian Dollar got a lift after the RBA Governor pointed to some of the difficulties apparent in a world where everyone is lowering interest rates
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2012-High Treasury Demand Sunk S&P 500, EURUSD Broke Resistance
The S&P 500 was denied another record high as demand for 10-year US government bonds soared to a 2012-high at auction, fueling risk aversion. EURUSD rocketed through resistance on PMI data.
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Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown?
There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied popular convention by mounting its own rally to its own six-year highs. Then there is the Dollar which posted its heaviest weak in 16 months its medium-term trading range hit a record low.
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Weekly Trading Forecast: Watch Dow and EURUSD as G20 Approaches Amid Risk Resurgence
Risk appetite was charged this past week by the Fed’s alignment with other major central banks signaling a fresh wave of external support for stretched speculators. Alone, stimulus may not carry the torch though; so traders should keep in mind growth issues and trade wars as the G20 summit approaches.
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Dollar’s Biggest Weekly Drop in 16 Months Breaks Year-Long Bull Trend
The Dollar dove this past week following a high-profile Fed rate decision with momentum hitting speeds last seen in February 2018. In the process, it seems key support levels have cracked.
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Dow Jones, DAX 30, FTSE 100, ASX 200 Weekly Forecast
With the central bank extravaganza behind them, the Dow Jones, DAX 30, FTSE 100 and ASX 200 should look to enjoy a short-term tailwind from widespread dovishness.
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Saturday, 22 June 2019
Oil Price Weekly Outlook: Crude Rebound Face First Test of Resistance
Oil prices have rallied more than 9% this week with the advance now testing initial resistance targets. These are the levels that matter on the WTI weekly chart.
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Sterling Weekly Technical Outlook: GBP/USD, GBP/JPY, EUR/GBP
The British Pound risks swinging in response to the latest Brexit headlines and speculation over the Prime Ministers successor. What key technical levels should be watched in spot GBP/USD, GBP/JPY and EUR/GBP?
Key Words: GBP/USD forecast, GBP forecast, British Pound, Pound Sterling, Brexit
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Gold Weekly Forecast: A Perfect Storm of Rates and Risk
Gold (XAU) bulls have had a storming week with the precious metal up nearly $80 at one stage this week, touching levels last seen in September 2013. And with technical resistance breaking down, higher prices are a distinct possibility.
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Australian Dollar Week Ahead: AUDUSD, AUDJPY Near-Term Reversals?
The Australian Dollar may see near-term gains versus the US Dollar and Japanese Yen, but the AUDUSD weekly chart hints downtrend resumption in the medium-term. AUDJPY eyes resistance.
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