Gold prices may continue to benefit from the current environment amid little signs of an imminent US-China trade deal.
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Wednesday, 24 July 2019
EUR/USD: Traders Remain Net-Long Since 01 July
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
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Euro Expected to be Most Volatile So Far This Year on ECB Risk
Short term volatility in EURUSD soars to 2019 high as ECB monetary policy meeting is captured. Lack of improvement in growth and inflation calls for further ECB stimulus.
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Gold Price Target Hit: XAU/USD Rally Vulnerable Near-term
Gold prices pulled back from our first major resistance target with the broader rally at risk near-term. Here are the levels that matter on the XAU/USD charts this week.
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Turkish Lira Price Outlook: USD/TRY Struggles to Push Higher
At the start of the week USD rallied against Turkish lira and pushed to a higher trading zone. Here are the levels USD/TRY likely to test in the few coming days
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Top 5 Events - FX Week Ahead: July ECB Meeting & EUR/JPY Rate Forecast
The July European Central Bank rate decision and policy meeting will arrive on Thursday, July 25 at 11:45 GMT.
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Crude Oil Prices Back in Contango, GBP Jumps as EUR/GBP Suffers - US Market Open
A new ECB stimulus package is on the way and today’s weak PMI figures simply supports the case for it. EUR/GBP continues drop, crude oil outlook softens as spread moves in contango.
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Crude Oil Prices Bounce to Resistance - Can Bears Re-Take Control?
Crude oil prices have moved back up to a key zone of technical resistance. Can bears stage a move here, or will buyers continue to claw back prior losses.
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Dow Jones, DAX, Gold Price Technical Analysis & More
Global indices are looking healthy and headed higher, but not without their downside risks; gold is trying to turn higher from support.
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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY Levels to Watch
USDCAD, CADJPY key levels to watch. USDCAD eyes key trendline, while CADJPY lacks near-term direction.
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USD/CHF, EUR/CHF Price Forecast: Levels and Thresholds to Monitor
Last week EUR/CHF and USD/CHF closed in the red, however this week the trend looks different. Here is how both pairs may perform, and the levels they could test.
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GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate
New UK Prime Minister Boris Johnson is facing a near-impossible task: delivering a Brexit deal. That could mean still more losses for GBPUSD, although the potential downside may now be limited.
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AUDUSD Chart – Multi-week Correction May Be Near its End
AUDUSD has been stronger than other USD pairs but is set up to weaken again as the price action smacks of corrective since the June low.
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EURUSD Hit by Weak PMI Data, ECB Needs to Get Aggressive
EURUSD remains under selling pressure after another set of weak Euro-Zone PMIs. The ECB meeting on Thursday now takes on increased importance will they stimulate the economy tomorrow or not?
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EURGBP Technical Outlook Points to Lower Prices
EURGBP has a few technical developments which suggest it is headed for more weakness ahead.
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Gold Price Pressing Resistance, Chart Set-Up Remains Positive
Gold continues to trade within a pennant set-up and nears another break of the upper trendline. A strong US dollar is keeping gold in-check but for how long?
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Waning US Crude Inventories to Keep Oil Prices Afloat
Oil prices may stage a larger rebound as US crude inventories are expected to contract for the sixth consecutive week.
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Tuesday, 23 July 2019
EURUSD May Break Key Support if PMI Data Fuels ECB Rate Cut Bets
EURUSD may break below an 18-month resistance-turned-support channel if Eurozone PMI data fuels ECB rate cut expectations at this week’s meeting, though downside momentum may be curtailed.
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Crude Oil Prices May See Clashing Cues in Eurozone PMI, EIA Data
Crude oil prices might face conflicting cues as Eurozone PMI data warns of slowing global demand while EIA inventory data reveals a hefty drawdown.
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US-China Trade War Thaw Hopes Boost APAC Stocks
Trade and interest rate expectations combined to make life pretty easy for stock bulls on Wednesday. There were some local wobbles, but most indexes gained
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...