US Dollar Technical Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Sellers have come back into the US Dollar around the December open, begging the question as to whether the October sell-off has more room to run.

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EUR/GBP Slumps - Markets Price In a Conservative Majority

EUR/GBP is within a whisker of setting a new nine-month low and looks set to test an old horizontal support level made back in April 2017.

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Canadian Dollar Technical Analysis Overview: USD/CAD Eyes Key Support

Bank of Canada to dictate near term outlook for USDCAD, while CADJPY tests key support.

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EUR/USD Forecast - Setting Up a Range Break Ahead of US ISM Data Release

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.

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Brexit Briefing: Trump Backs Brexit at NATO Meeting in UK

US President Donald Trump has reiterated his support for the UK leaving the EU at a meeting of the NATO defense organization; GBP/USD tops 1.30 resistance.

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Euro Outlook Shaky on Upcoming PMI Data, Renewed Trade Risks

The Euro may fall against its major counterparts if local PMI data and escalating EU-US trade tensions fuel the urgency for ECB rate cuts. This may also cause EUR/USD to trim its recent gains.

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Crude Oil Prices Up Despite New Trade Woes, Stock Data Eyed

Crude oil prices were well supported by a surprise US inventory build and expectations of longer, deeper production cuts, despite generally weaker risk appetite.

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Gold Price Eyes November High with US on Track to Raise China Tariffs

The price of gold appears to be on track to test the November high ($1516) as the Trump administration plans to implement additional tariffs on Chinese goods.

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AUD/USD and NZD/USD Outlook Bearish on Positioning Signals

The US Dollar may regain its strength against the Australian and New Zealand Dollars. Trader positioning signals warn that AUD/USD and NZD/USD could soon begin turning lower.

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Stocks Drop in Hong Kong as Trade War Trumps Upbeat PMI Data

Stocks in Hong Kong look set to resume a six-month downtrend as trade war escalation sours the markets’ mood, overshadowing upbeat Chinese PMI data.

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Crude Oil Price and NOK Outlook Bearish on OPEC, Trade Wars

Crude oil prices may suffer with the Swedish Krona and petroleum-linked Norwegian Krone if cross-continental trade tensions escalate ahead of the OPEC meeting in Vienna.

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USD/CAD Rate Fails to Test October High Again Ahead of BoC Meeting

The failed attempts to test the October high (1.3348) may generate a near-term correction in USD/CAD as the exchange rate tracks the price action from the third quarter.

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Australian Dollar Stumbles As 3Q GDP Growth Just Misses Forecasts

The perky Australian Dollar took a small knock after official growth figures which saw quarterly growth just below market hopes. Annualized gains were on target however.

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US Dollar Sinks as Global Trade War Woes May Fuel Yen Price Ahead

The US Dollar declined as global trade war woes fueled 2020 Fed easing bets, ahead the anti-risk Japanese Yen may gain as the Australian Dollar sinks on local GDP data.

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Dow Jones, S&P 500 Plummet as VIX Explodes on Trade War Worries

The Dow Jones and S&P 500 sank on Monday and Tuesday following an explosion in the VIX on the back of a breakdown in the US-China trade war.

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DAX 30, CAC 40, FTSE 100 Outlooks Cling to Support as Bears Emerge

A deterioration in the US-China trade war has sparked an adverse reaction in the major European stock indices as each forfeited a month’s worth of gains in just three days.

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Euro Price Outlook: EUR/USD Surges Towards Fibonacci Resistance

Euro has surged nearly 1% off the November lows with the rally now targeting initial resistance hurdles. Here are the levels that matter on the EUR/USD weekly chart.

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China Makes a Bet Against the US Dollar as World Reserve Currency

There’s a significant reason why China has been issuing debt denominated in US Dollars.

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British Pound Back to the Big Figure 1.3000: GBP/USD Price Outlook

GBP/USD is in the process of trying to break-out to fresh six-month-highs, testing above the critical psychological level of 1.3000.

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Positive Market Sentiment Drains Away | Webinar

Comments by President Donald Trump that a US-China trade deal may have to wait until after the US Presidential Election in November 2020 have dented trader sentiment.

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