The US Dollar continues to oscillate between its 50-day and 200-day simple moving averages amid heightened uncertainty regarding where US-China trade talk progress truly stands.
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Thursday, 21 November 2019
Bitcoin (BTC) Price Plunges to Support, Will Bulls React?
Bitcoin fell further on Thursday, plummeting to support near $7,100 – a level that previously sparked a relief rally. Will bulls look to react similarly this time around? Or are further losses ahead?
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Canadian Dollar Outlook: USD/CAD Stretch to Monthly Highs at Risk
The Canadian Dollar may be ready to mount a counter-offensive as the US Dollar rally tests uptrend resistance. Here are the levels that matter on the USD/CAD charts.
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Oil Price Outlook: Crude Surges 6% in Two Days – WTI Resistance Ahead
Crude oil prices reversed sharply this week with a two-day rally taking price to fresh two-month highs. Here are the levels that matter on the WTI weekly chart.
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EUR/USD Fails at Resistance, USD/CAD Eyes BoC - US Market Open
Dip buyers keep GBP/USD support, while EUR/USD rejects 1.10. CAD looks to BoC Governor Poloz speech
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US Dollar Technical Outlook: GBP/USD, AUD/USD, USD/CAD
The US Dollar has been relatively quiet so far this week. But potential for volatility remains with a number of themes in the headlines.
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OECD Report: 2020 Global Growth Outlook Edging Lower, Again
The latest OECD report shows global growth flat this year but nudging down to 2.9% from a prior 3.0% in 2020.
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Canadian Dollar Forecast: USD/CAD Multi-Week Highs Under Pressure
USD/CAD is printing a fresh six-week high as the Canadian dollar weakens. Markets are now starting to price-in the BoC cutting interest rates early next year, to get ahead of any potential downturn...
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Brexit Briefing: Scottish Independence Climbs the Election Agenda
The issue of Scottish independence has been a focus of the UK General Election campaign this week as Scottish nationalists press for a second independence referendum.
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Euro Forecast: ECB Minutes May Catalyze EUR/USD Capitulation
The publication of the ECB meeting minutes may catalyze a selloff in the Euro and cause EUR/USD to capitulate as it tests key resistance.
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Wednesday, 20 November 2019
Gold Prices Firm on New US-China Trade Doubts, OECD, ECB Eyed
Gold was underpinned by new doubts that even an interim trade deal between the two global giants can be inked this year.
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USD/CAD Rate Approaches October High Ahead of BoC Fireside Chat
Fresh comments coming out of the Bank of Canada (BoC) may push USD/CAD to the October high (1.3348) as the central bank alters the outlook for monetary policy.
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GBP Holds Up After Close Brexit Debate, Bulls Watch Tory Poll Lead
The British Pound has remained quite steady as general election campaigning begins in earnest. Can it remain so given the huge Brexit differences between candidates?
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US Dollar, Japanese Yen Turn to OECD Outlook as Trade War Rages
The US Dollar and Japanese Yen may catch a haven bid if the OECD economic outlook spook investors as US-China trade talks collapse and the Fed warns of elevated downside risks.
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USD/SGD May Rise on Trade War Despite Singapore GDP Rebound
The USD/SGD may rise despite a rebound in Singapore GDP as the focus remains on US-China trade war fears. This leaves the Singapore Dollar vulnerable to a trade deal delay.
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Australian Dollar: AUD/USD Driven by Dovish RBA, US-China Tension
AUD/USD struggles to retain the rebound from earlier this week amid concerns surrounding the US-China trade negotiations.
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AUD/USD, NZD/USD, USD/JPY Slide May Extend on Trade War Fears
The USD/JPY, AUD/USD and NZD/USD may decline after news passed that the US-China trade deal may be delayed, Trump wants China to step up efforts and the HK Bill could come into law.
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Dow Jones, Nasdaq 100, Russell 2000 Forecasts: Watch out Below
Negative trade developments pressured the Dow Jones beneath a short-term channel that helped to buoy price. Now, the index could be vulnerable to further losses alongside the Nasdaq and Russell.
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Euro Price Outlook: EUR/USD Rebound to Challenge Downtrend Resistance
Euro’s weekly opening-range is set just below downtrend resistance - break to offer guidance. Here are the levels that matter on the EUR/USD technical price charts.
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Silver Price Forecast: XAGUSD May Fall Further Despite Risk Aversion
The price of silver has slipped in the last two months after peaking on September 4 and a further decline in ETF holdings could suggest XAGUSD is headed lower still unless risk aversion spikes furt...
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....