Saturday, 10 August 2019

US Dollar Price Outlook Eyes Trade War, Data Induced Fed Cuts

The US Dollar stumbled last week and is at risk of further downside if US-China trade tensions worsen and high-impact economic data due for release disappoints which stand to accelerate Fed rate cut bets.


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Friday, 9 August 2019

Crude Oil Prices at Risk as US-China Trade War Sours Growth Bets

Crude oil prices look vulnerable to deeper losses after hitting a seven-month low as US-China trade war escalation sours the outlook for global economic growth.


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Dollar Eases as Trump Maintains Pressure, Trade Wars Vs Seasonal Gravity Ahead

The pull of seasonal liquidity fade is strong, but will it overpower a relentless pressure from the Trump administration to charge volatility? Read on to learn what markets will offer in volatility over the coming week.


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Forex Economic Calendar Week Ahead: US Inflation, UK Inflation, Australia Jobs Report & More

The economic calendar is littered with significant event risk over the coming week, including the July US and UK inflation reports as well as the July Australia jobs report.


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Gold Prices Charge Multi-Year Highs, Ignore Contrarian Sentiment Signals

There is good reason to doubt many of the tentative trends developing across the financial system in ‘risk’ assets or Dollar pairs as conviction is uneven. But what about Gold trading at multi-year highs?


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AUD Braces for Escalating Trade War Tensions, Employment Data

The Australian Dollar may face increased selling pressure if local jobs data disappoints against the backdrop escalating tensions in the US-China trade war.


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Top 5 Events: July US Inflation Report & USD/JPY Rate Forecast

The July US inflation report (consumer price index) is due out on Tuesday, August 13 at 12:30 GMT, and the data are expected to show stability in price pressures.


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Nasdaq 100 Forecast: Price Levels to Watch Next Week

After clarification on a prior bearish development, the Nasdaq 100 mounted a recovery on Friday and now finds itself stalled at resistance.


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USD/CNH: Watch Chinese Yuan, PBoC for US-China Trade War Gauge

Spot USDCNH price action could serve as a bellwether to where risk assets head next as markets remain on edge with US-China trade tensions heightened and looming risk of further escalation.


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Crude Oil Price Triangle Breakdown Will Inform USD/CAD’s Next Move

The Canadian Dollar continues to track crude oil prices, which themselves are grappling with concerns over global growth thanks to the US-China trade war.


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Bitcoin Price: Will BTC/USD May Resume Recent Surge?

This week Bitcoin traded its higher price in nearly five weeks. However, the price slipped back after. Here are the technical key levels Bitcoin traders may need to monitor .


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US Dollar Treading Water as Central Banks Follow Fed in Race to Bottom - Central Bank Weekly

A growing chorus of central banks are joining the Federal Reserve in their efforts to stimulate the economy through lower interest rates.


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Gold Price Targets: XAU/USD Surges 4%- Can the Rally be Sustained?

Gold prices surged nearly 19% off the yearly lows with the rally targeting key long-term uptrend resistance. Here are the levels that matter on the XAU/USD weekly chart.


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US Dollar Price Charts for Next Week: GBPUSD, EURUSD, USDCAD & More

Looking ahead to next week, there are a few noteworthy technical developments to watch in USD pairs.


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EURGBP Price Probes One-Year High as Rally Reignites

The three-month EURGBP rally continues unabated despite the EUR struggling against other currencies. GBP remains weak but the pair are currently flashing an overbought warning.


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Canadian Dollar Price: USD/CAD Uptrend Move Fades - Key Levels to Watch

After printing its highest level in seven weeks USD/CAD buyers show signs of weakness. How sellers could take advantage of this development?


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Gold Price Rally May Soon Find Opposition at Long-term Levels

The rally in gold has been strong and still has a little room to run, but a meaningful pullback may be around the bend as long-term resistance lies just ahead and sentiment turns extreme.


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Sterling (GBP) Down But Not Out After UK Q2 GDP Contracts

Provisional UK Q2 GDP showed the economy contracted in the second quarter as manufacturing output fell. Sterling moved lower but the falls are currently limited.


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Euro Price Outlook: EURUSD Rattled as Italian Government Fractures

Italian deputy prime minister Matteo Salvini has called for a snap election in Italy saying there is no longer a majority in Parliament as his spat with co-deputy prime minister Luigi di Maio turns increasingly ugly.


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Thursday, 8 August 2019

US Dollar May Rise Against GBP if UK GDP Data Spooks Markets

The US Dollar may rise against the British Pound if preliminary UK GDP data spooks markets and causes investors to flock to the highly-liquid Greenback.


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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...