Weekly Trading Forecasts: EURUSD Top Fundamental Candidate on Fed Speculation, ECB Decision Approaches

We may find the top scheduled event risk next week displaced for market moving potential by an increasingly volatile theme. Key event risk ahead includes Friday’s US 2Q GDP update and the global PMIs for July which would seem to put the focus on growth and recession concerns. Yet, the muddled picture from Fed remarks this past week and an ECB rate decision may find far more volatility in monetary policy.


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Dollar Outlook: USD 2018 Uptrend In Focus on Aussie as Yen Gains?

The Dollar uptrend from 2018 still holds, near-term price action could be overshadowed by medium-term bullish signals. As USD/JPY eyes support, AUD/USD may reverse on resistance.


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DAX & FTSE MIB Fundamental Forecast: Eyes on ECB Rate Decision

DAX focus centered around ECB rate decision and heavyweight earnings, while Italian political risks weigh on the FTSE MIB.


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Crude Oil Prices Get Hit to Key Support – More Room to Fall?

Oil bears got back into the driver’s seat this week after supply disruptions from Tropical Storm Barry turned out to be less-than-feared. Can bears continue to drive?


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GBP/USD & EUR/GBP Price Chart Outlook: Flagging at Confluence

Spot GBPUSD sits at major confluence and multi-year Fib support but could be strong-armed by its overarching downtrend. Meanwhile, spot EURGBP upward momentum appears to be waning.


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Gold Price Weekly Forecast: Fed Drives Next Leg Higher

The price of gold made a fresh six-year high Thursday, fueled by dovish Fed commentary. This stimulus comes on the back of recent, heavy, central bank buying of the precious metal alongside large gold ETF inflows.


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Australian Dollar: Is This a True Bullish Reversal?

AUDUSD triggered one of the most recognizable reversal patterns in the technical scales this past week: an inverse head-and-shoulders pattern. But is this a spark that can truly catch fire in otherwise difficult markets?


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US Dollar May Gain if IMF Report, US GDP Data Fuels Haven Demand

The US Dollar may find itself propelled higher if the IMF’s updated assessment of the world economy and an underwhelming US GDP data report stoke demand for liquidity.


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Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Technical Forecast

With US stocks teetering around all-time highs, volatility derived from earnings season could see the major markets fluctuate between key areas. Here are the levels to watch.


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Crude Oil Prices May Fall Further as Global Growth Outlook Dims

Crude oil prices may continue to fall after suffering the largest weekly drawdown in two months as the outlook for global growth – and thereby energy demand – sours.


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Euro Price Chart: EUR/USD Holding Multi-year Trend Support

Euro has been testing multi-year slope support since April and leaves bears vulnerable while above 1.1186. Here are the levels that matter on the EUR/USD weekly chart.


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Expect More Dollar and Dow Volatility on Fed Speculation, Trade Wars, US GDP

A mere anticipation for Friday’s US 2Q GDP release or isolated Euro response to the ECB rate decision ahead is no longer the easy course to expect from markets. Trade wars, recession fears and monetary policy will all wield volatility.


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EURUSD At the Crossroads of Most Critical Volatility Lines

There are a host of fundamental themes converging over the coming week with a high probability of volatility along each line. It just so happens that most of them hold considerable influence for the EURUSD.


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Australian Dollar Gains Should Hold As Markets Still Think Fed Will Cut

The Australian Dollar has shared fully in the broad US Dollar weakness seen as markets become more certain that US rates are going lower.


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Oil Price Climbs as Iran Seizes British Ship in the Strait of Hormuz

Crude Oil futures climbed after the Iranian Revolutionary Guard seized a British oil tanker, which adds more tension in the Strait of Hormuz days after the US shot down an Iranian drone.


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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

Markets are geared up for softer policy out of both the Fed and the ECB, but will the Federal Reserve meet market demands for softer policy?


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Gold Price Rally Hits Forecast Target - What’s Next for XAU/USD?

Gold prices moved up to another fresh 2019 high today, hitting a key Fibonacci extension in the process. What does this mean for the near-term gold price outlook?


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Euro Price at Risk as Implied Volatility Spikes Ahead of ECB

EUR currency pairs are expected to experience heightened price action next week judging by rising implied volatility measures headed into the upcoming ECB rate review.


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Oil Price Chart: Crude Crushed Down to Support – WTI Trade Levels

Oil prices have sold off for the past five days with crude now approaching the first major support zone. Here are the levels that matter on the WTI technical charts.


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US Recession Watch - What the US Yield Curve is Telling Traders

A key spread in the US Treasury yield curve is now suggesting that there is nearly a 33% chance of a recession hitting the United States within the next 12-months.


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