Treasury Yields Fall As ISM Services Index Comes In Softer Than Expected

The Institute for Supply Management’s Non-Manufacturing Index recorded its lowest figure since July of 2017 as tariffs continue to put upward pressure on prices while business activity falls


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GBP/USD & GBP/JPY Turn Lower after UK PMIs, Latest Brexit News

Speculation around a no deal, hard Brexit remains a significant burden for the British Pound.


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Palladium Price Forecast: Upward Move May be Facing a Key Resistance

Today, Palladium printed its highest level in over three months, although the price may encounter soon key psychological levels


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Crude Oil Prices Rise, Pushing USDCAD to Test 2019 Lows - US Market Open

Oil prices recoup yesterday’s losses, while USDCAD tests YTD lows. GBPUSD outlook continuing to soften as data shows Q2 GDP contraction.


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Using the Rising Wedge Pattern in Forex Trading

The Rising Wedge is a popular reversal pattern use by forex traders. Learn how to spot the rising wedge and how to trade it.


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USD/JPY: Net-Short Positions Increase by 14.4% From Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.


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US Dollar Price Outlook: EUR/USD, USD/JPY Setups for USD Weakness

The US Dollar has put in a bounce so far in Q3 trade, but prices have found resistance at a prior area of support. NFP is on the docket for Friday.


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DAX in Bull Market, ECB Stimulus is Coming, However, Beware of Volatility Spikes

The DAX saw its best month of gains in June since Q1 2018, taking the index in bull market territory as the ECB seemingly give the green light for fresh stimulus.


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Euro and US Dollar Struggle to Push Higher Against Swiss Franc: USD/CHF, EUR/CHF Price Analysis

Last week EUR/CHF and USD/CHF corrected higher, nonetheless; the buyers may need to consider these prices to continue to rally both pairs.


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EURUSD Price Outlook Poor on Slow Growth, Lagarde Nomination

Eurozone growth remains weak, according to the latest PMI data, and likely new ECB President Lagarde is seen as a dove. That suggests the Euro could slide further.


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GBPUSD Outlook: Risk of Bearish Breakdown on Flash Crash Trendline Break

GBP remains on defensive across the board as UK Services PMI stagnates, suggesting that UK GDP in Q2 likely contracted by 0.1%.


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Gold Price Gains May Be Capped as US Dollar Haven Demand Returns

Gold prices may struggle to capitalize on soft ISM data stoking global slowdown fears as the US Dollar reclaims support from haven-seeking capital flows.


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Euro Eyes US ISM Data. SEK Braces for Riksbank Rate Decision

EURUSD will be on edge ahead of critical US ISM data while Swedish Krona traders brace for what could be a painful Riksbank press conference following the rate decision.


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Opportunity for S&P 500 Rally to Record, Dollar Recovery Facing Liquidity Wall

We are marching towards the distortion of Thursday’s holiday liquidity conditions. Yet, in the meantime, there is plenty on the docket and in the collective conscious to threaten late stage volatility.


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USDMYR May Reverse Higher as USDINR Extends Downtrend From October

The USDMYR may reverse to the upside after the formation of a bullish candlestick pattern. Meanwhile USDINR, after taking out key support, may extend its downtrend to July 2018 lows.


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USDCAD May Be Major Most Capable of Overcoming Holiday Trade

While the fundamental engine continues to turn, liquidity will soon curb progress for the markets. Few individual assets – much less markets – have any hope of overriding this cap. USDCAD may have a claim.


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Crude Oil Price Outlook Mired by Death Cross Formation

Crude oil prices stand at risk of giving back the advance from the June-low ($50.60) as a ‘death-cross’ formation takes shape.


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NZDUSD Technical Analysis: Is Kiwi Dollar Ready to Turn Lower?

The New Zealand Dollar may be preparing to turn lower after crumbling at chart resistance near three-month highs against its US counterpart.


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AUDUSD Wobbled on China PMI Data as Global Growth Concerns Mount

The Australian Dollar wobbled after Chinese PMI data came in below-expectations, falling in line with this week’s earlier publications of similar data. AUD continues to looks to US-China trade talks.


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EURUSD Rate Pullback Stalls Despite Dovish ECB Forward Guidance

The pullback in EURUSD appears to be stalling even though the ECB strikes a dovish tone as it fails to extend the series of lower highs and lows from earlier this week.


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