Last week EUR/CHF and USD/CHF closed in the green. However, this week the story looks different. Here is how both pairs may perform, and the levels they could test.
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Wednesday, 31 July 2019
EURUSD Directionless on EZ Mixed Data, Awaits Fed Rate Decision
German inflation managed to pick up but inflation and growth in the Euro area continue to be under strain. EURUSD awaits key US data for direction.
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US Dollar Outlook: GBPUSD, USDJPY FOMC Set-Ups
Focus is on the Federal Reserve rate decision. GBPUSD outlook remains weak with risks of deeper losses, while USDJPY continues to trade within its range.
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Gold Price, Crude Oil Price: Breakouts Ahead of Fed Rate Decision
The technical set-up for both gold and crude oil remains positive with both breaking through resistance. Care needs to be taken however if the Fed disappoints later today.
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Tuesday, 30 July 2019
USDCAD Rate Carves Lower Highs and Lows Ahead of Fed Rate Decision
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
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US Dollar, Stock Markets Brace for FOMC Rate Decision
The US Dollar may gain at the expense of equity markets if the Fed rate decision and accompanying commentary induces risk aversion, overriding downward pressure from a dovish policy change.
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S&P 500 and Nikkei 225 Charts Bearish, Stocks Drop Before the Fed
The Nikkei 225 and S&P 500 appear at risk to bearish technical signals as markets were rattled by US-China trade truce doubts as traders await how dovish the Fed will surprise.
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Gold Prices May Fall as the Fed Falls Short of Dovish Market Hopes
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets’ ultra-dovish policy outlook.
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Will Brazil Central Bank Pace FOMC, Cut Rates by 25 Basis Points?
Banco do Brasil and the Fed are expected to cut rates by 25-basis points, though the reasons behind a dovish shift may overwhelm the optimism associated with looser credit conditions.
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Fed Focus Takes Over as Dollar and Global Risk Expect at Least a 25bp Cut
The market’s attention is squarely on the Federal Reserve rate decision Wednesday afternoon. Will this holdout of optimism and policy rebalance cave to the speculative pressure of the market?
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AUD/USD Downtrend Pause on Australia CPI Eyes Fed and Trade Talks
The AUD/USD downtrend might be at risk after Australia CPI beat expectations, but follow through for the Australian Dollar hinges on US-China trade talks and the Fed’s dovish tilt.
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NZDJPY Plunges After New Zealand Confidence Data Spooks Markets
The New Zealand Dollar fell against most of its major counterparts after local confidence data undershot forecasts and spooked markets – NZD is now eyeing FOMC rate decision ahead.
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Lackluster Australia CPI to Keep AUDUSD Rate Under Pressure
Updates to Australia’s Consumer Price Index (CPI) may do little to curb the recent decline in AUDUSD as the core rate of inflation is expected to narrow to 1.5% from 1.6%.
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Gold Price Outlook: XAU/USD Breakout Imminent - FOMC, NFP on Tap
Gold prices are coiled just below resistance with major event risk on tap into the close of July trade. Here are the levels that matter on the XAU/USD charts this week.
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US Dollar Hits Key Resistance Ahead of July Fed Meeting
As the DXY Index hovers below its yearly highs, it’s evident that traders are waiting for the July Fed meeting before a decision is made around these make-or-break levels.
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US Dollar Hits Key Resistance Ahead of July Fed Meeting
As the DXY Index hovers below its yearly highs, it’s evident that traders are waiting for the July Fed meeting before a decision is made around these make-or-break levels.
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Japanese Yen Outperforms, GBPUSD Continues to Sell-Off - US Market Open
Flight to quality flow has been the notable theme throughout the European session with the safe-haven JPY and CHF benefiting.
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Canadian Dollar Forecast: USD/CAD Price - Risk of a Possible Reversal
Last week USD/CAD closed in the green however, the upward move did not pick up this week. Here are the key chart points the pair's buyers need to clear to continue pushing higher.
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How to Trade with the Bearish Harami
The Bearish Harami pattern is a popular reversal pattern in the forex market. Learn how to spot and trade the Bearish Harami
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US Dollar Price Outlook Ahead of the Fed: Bulls Drive, Key Resistance
The US Dollar has had a strong month of July after a sell-off that lasted for most of last month. Expectations around the FOMC have been at the core of these moves.
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