The US Dollar is probing fresh yearly highs into the to open of September trade, but is the rally sustainable? Here are the levels that matter on the DXY weekly chart.
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Tuesday, 3 September 2019
US Dollar Drops as ISM Manufacturing Sinks to Lowest Since January 2016
The Institute for Supply Management’s Manufacturing Index declined further in August and slipped into contraction territory which sent the US Dollar and Treasury yields tumbling.
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Gold Prices Bullish Breakout Potential Intact - Target Levels for XAU/USD
Gold prices may soon reach a key bullish target level in the multi-year inverse head and shoulders pattern that started to breakout earlier this year.
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Copper (HG) Weekly Price Outlook: Downside Move- Where is Next Level to Test?
Today Copper continued bearish price action and printed its lowest level in over 27 months. Traders may need to pay close attention to these price levels
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Canadian Dollar Breaks Out, GBP/USD Volatility Surges - US Market Open
Canadian Dollar on the defensive as broader market weighs, while GBP/USD volatility surges as risk premiums of general election and no-deal Brexit are priced.
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US Dollar Price Outlook: EUR/USD, GBP/USD Breakdown, Two-Year-Lows
Yesterday was Labor day in the US but the US Dollar continued to work, pushing up to fresh two-year-highs as EUR/USD and GBP/USD continued to fall.
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Poor Market Sentiment Drives USD Buying | Webinar
Market sentiment is weak again as traders continue to worry about the US-China trade war and Brexit, prompting gains for the USD and gold while weakening GBP and stock prices.
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EURUSD, GBPUSD, USDJPY Technical Analysis & More
Can the Euro finally gather momentum, or will it reverse again? GBPUSD at a big spot again. USDJPY has trend/resistance working against it.
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EUR/CHF Outlook: Investors Turning Bullish on CHF, Despite SNB FX Intervention
The Swiss Franc trades at a fresh 2-year high against the Euro with EUR/CHF hovering around 1.0830 as safe-haven flows continue to dominate.
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Crude Oil Price Forecast: Lower Levels Look Just Ahead
Crude oil contracts are softening up here a bit, with the general tone and trend pointing to more selling in the near-term.
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USD/CAD: Canadian Dollar Soften on the Back of Weak Brent oil Price
Yesterday, USD/CAD printed its highest level in over six weeks. In turn Brent oil price since August 9 has been consolidating in the same trading zone. Here is how both markets could perform in the few coming days.
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GBP/USD Breaks Down to Flash Crash Lows on Brexit Showdown
GBP/USD is once again under pressure as the Brexit showdown between Tory rebels and the government highlights the current constitutional crisis that is weighing on the currency.
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EUR/USD Technical Analysis: Euro Hits 2-Year Low, May Extend Drop
The Euro has slumped to a two-year low against the US Dollar after the White House appeared to be spoiling for a currency war. Prices are on the precipice of a major breakdown.
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Gold Price Turning Positive, Silver Price Eyes Fresh Highs
The price of gold looks set to return to its recent high as markets continue to turn risk adverse on heightened trade war fears. Gold, however is being kept in check by a robust US dollar.
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Monday, 2 September 2019
Stocks Mixed As RBA Leaves Rates Alone, Australian Data Mixed Too
Equities were mostly lower, if not by very much. Australian interest rates remained at record lows. That was as expected, but retail sales disappointed as the current account surged ahead
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Australian Dollar Ticks Up as RBA Holds Key Rate Unchanged
The Australian Dollar probed higher as the RBA kept its benchmark OCR interest rate unchanged at 1 percent and signaled it may not be in a hurry to cut again.
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Gold Prices Limp as Trump Attacks Euro, Stokes Currency War Fears
Gold prices are struggling to capitalize even as US President Trump threatens to escalate trade tensions into a full-blown currency war, with the Euro Area in the crosshairs.
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Iron Ore Prices Slide On Trade War Fears, AUD-Watchers Take Note
Australian Dollar watchers should keep a close eye on iron ore prices. They fell sharply last month, albeit from very high levels
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The Singapore Dollar and MAS: What is SGD and How to Trade it?
The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.
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FX Week Ahead – Top 5 Events: September RBA Meeting & AUD/USD Rate Forecast
The Australian Dollar will likely be in focus to kick off the trading week as forex traders turn to the September RBA meeting for clues on where the Aussie might head next.
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