Gold Prices May Rise if US GDP Data Boosts Fed Rate Cut Bets

Gold prices may be given a tailwind if US GDP data underwhelms and bolsters the case for accommodative policy measures, increasing the appeal of holding non-interest-bearing assets.


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Forex Economic Calendar Week Ahead: US GDP, Eurozone Inflation, Canada GDP & More

The final week of August promises several significant economic data releases that are likely to stir even more volatility in FX markets.


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Top 5 Events - FX Week Ahead: June Canada GDP Report & USD/CAD Rate Forecast

The June Canada GDP report is due out on Friday, August 30 at 12:30 GMT, but the data aren’t likely to trigger a significant shift in BOC rate odds.


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Australian Dollar Pressures 2009 Lows on USD, JPY. GBP Breaks Out?

The Australian Dollar continues pressuring lows last seen since 2009 against the US Dollar and Japanese Yen. Most progress was made against the British Pound after resistance broke.


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USD/CNH Above 7.0000: Trade Wars are Good, and Easy to Win

Now that China has acknowledged that it is using the USDCNH exchange rate to offset the Trump tariffs, the US Treasury has officially labeled China a currency manipulator.


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US Dollar Vulnerable to Slowing Durable Goods Orders, 2Q GDP Revision

The economic docket for the final week of August may produce headwinds for the Dollar as data prints coming out of the US are anticipated to show a slowing economy.


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S&P 500, FTSE 100 Technical Forecast

S&P 500 gains capped by key resistance, FTSE 100 risks drop towards trendline support.


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Crude Oil Price Forecast: Oil Slumps as US-China Trade War Erupts

Crude oil is slumping into the close and next week may well see the move extend after China ramped-up their trade war with the US by imposing a fresh round of trade tariffs.


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Gold Price Targets: XAU/USD Surges as China Raises the Stakes

Gold prices are once again eyeing a critical resistance zone as China announces retaliatory tariffs. Here are the levels that matter on the XAU/USD charts.


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S&P 500: Traders continue to remain net-short

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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Spot Gold: Net-long positions continue to rise as market volatility increases

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


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Bitcoin: Traders remain net-long

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


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Bitcoin Price Weekly Forecast: How BTC/USD Could End its Trendless Move?

Here are the key Bitcoin technical levels where a break may spark a move


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US Dollar Whipsaws Around Fed Chair Powell’s Jackson Hole Speech

In saying “we will act as appropriate to sustain the expansion,” Fed Chair Powell has more or less confirmed that markets are correct in anticipating another rate cut in September.


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Crude Oil Prices Exit Triangle to the Downside - Implications for USD/CAD

Now that the crude oil symmetrical triangle is seeing prices break lower, pressure is building for a topside break in USDCAD.


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USD, EURUSD, GBPUSD, USDCAD & More: Charts for Next Week

There are a few technical developments to watch as we roll towards a new week, USD in focus as an inflection point nears.


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Trade War Latest: China Announces Retaliatory Tariffs on US - US Market Open

China will levy 5-10% on $75bln of US goods from September 1st and December 15th, crude oil plunges, while Japanese Yen heads higher.


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US Dollar Outlook: GBPUSD, USDJPY Price Action on Fed’s Powell

Focus is on Fed Chair Powell at the Jackson Hole Symposium. GBPUSD shorts are squeezed with liquidity remaining thin, while USDJPY risks tilt to downside on dovish disappointment.


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USD/CAD Price Outlook: Canadian Dollar Eyes Break Out

Since last week USD/CAD uptrend momentum has been showing some exhaustion signals. Here are the levels USDCAD trader may need to keep an eye on.


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Using Price Action As Your First Indicator in Technical Analysis

Price action is the study or analysis of price movement in the market. Learn more on how to apply price action in trading.


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