Friday, 26 July 2019

US Dollar Rally Runs Ahead of FOMC Rate Cut, EUR/USD Bear Trap

Yesterday brought whipsaw in EUR/USD around the ECB rate decision, but it's the FOMC meeting on the calendar for next week that has global markets' attention.


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US Q2 GDP Stronger Than Expected, US Dollar Continues to Rally

The first look at US Q2 GDP beat market expectations with ease and further boosted the US dollar ahead of next week’s highly anticipated FOMC rate decision.


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Canadian Dollar Outlook: Turning Point for USD/CAD Price?

This week USD/CAD buyers had the upper hand, however it might be a bit early to confirm an uptrend move. Here is the key level USD/CAD buyers may need to keep trading above to continue leading the price


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EURUSD, AUDUSD, GBPJPY, Gold Price & More – Charts for Next Week

Looking ahead to next week, there are a few charts of interest worth paying attention that could lead to solid opportunities.


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S&P 500, Dow Jones, Charts: Struggling at Big-picture Slopes

Both the S&P and Dow are struggling to overcome a major long-term top-side trend-line, a resolution could be nearing in the days ahead.


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US Q2 GDP Preview: Slowest Growth Since 2017

Growth in the second quarter is expected to have slowed to 1.8%, its lowest figure in two years, as continued trade wars weigh on domestic output, providing the Fed signals it needs for rate cuts.


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Most Volatile Currencies Next Week - US Dollar, GBP/USD, AUD/USD

Fed, BoE and Key data in focus. US Dollar, GBPUSD and AUDUSD are expected to be among the most volatile currencies across the G10 space.


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Gold Price Prepares to Breakout as FOMC Rate Decision Nears

Gold continues to bide its time before its next move with price action tempered ahead of next week’s FOMC rate decision when the Fed is fully expected to start cutting interest rates.


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Sterling Outlook: GBPUSD Breaks Down, Boris Johnson Bounce Fades

GBPUSD nears its lowest level of the week, and looks at a technical breakout, as the Boris Johnson mid-week mini-bounce fades in the face of a seemingly unmovable EU.


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Gold Prices May Fall with Stocks, Crude Oil on Soft US GDP Data

Gold prices fell with stocks and crude oil prices as the ECB dithered on imminent stimulus expansion. More of the same may come after soft US GDP data.


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Thursday, 25 July 2019

EURUSD Oscillates After ECB, Gears up for US GDP Data Ahead

EURUSD violently oscillated before settling unchanged after the ECB rate decision and commentary. The pair is now bracing for the release of US GDP data.


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GBPUSD Rate Vulnerable to Dovish BoE Forward Guidance

Fresh updates from the Bank of England (BoE) may produce headwinds for the British Pound if the central bank alters the forward guidance for monetary policy.


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ECB-Inspired Worries About Fed Action Knock APAC Stock Markets

A feeling that the European Central Bank could have offered more on Thursday saw Asia Pacific stock investors fretting that the Fed might underwhelm too.


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GBPUSD May Be the Best Major to Highlight a Weak US GDP

The Dollar has considerable potential for volatility resulting from the 2Q US GDP release. However, a bullish build up on the theme, weekend liquidity, FOMC anticipation and counter-trend winds necessitate strategy.


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USD/SGD Uptrend in Focus, USD/INR Outlook Hinges on 2018 Resistance

The Singapore Dollar may weaken as the USD/SGD uptrend continues, with similar selling pressure perhaps weighing against the Indian Rupee where USD/INR faces 2018 falling resistance.


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EURUSD Round Two Moving Past ECB Onto US GDP

The ECB rate decision proved quite market-moving for EURUSD, but its bearing confounded typical expectations. Will Friday’s US 2Q GDP offer a more direct bearing for the pair?


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EURGBP Retreats After 11-Week Sugar Rush. Crash Ahead?

The Euro has enjoyed an uninterrupted 11-week climb against the British Pound, but the sugar rush appears to be wearing off. Where will the currency pair land?


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AUDUSD Rate Capped by 200-Day SMA Ahead of Australia Inflation Report

AUDUSD stands at risk for a further decline ahead of Australia’s CPI report as the rebound from the June-low (0.6832) stalls ahead of the 200-Day SMA (0.7087).


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USD/MXN Rate Outlook Hints at Higher Spot Prices

Spot USDMXN looks set to resume its bullish ascent as fundamental themes appear likely to tilt back in favor of the US Dollar and combines with an attractive technical backdrop.


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Euro Price Chart: EUR/USD Reverses Course Post-ECB – Trade Levels

Euro prices reversed sharply from fresh yearly lows today with the recovery now testing a key inflection zone. Here are the levels that matter on the EUR/USD charts.


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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...