Gold Price Outlook: Stimulus May Propel XAU/USD Past Resistance

Gold suffered a substantial pullback two weeks ago as risk aversion roared and investors sought liquidity in the form of the US Dollar. Now, however, gold could resume higher as governments offer aid.

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Dow, S&P 500 Hasten Rally as the USD Snaps - Is the Low in Place?

Stocks have come back to life this week with the S&P 500 up by more than 18% off of the lows, going along with a strong reversal in the US Dollar.

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Nasdaq 100 Price Outlook: Micron Sees Quarterly Boost from Quarantine

The Nasdaq 100 stands in a relatively advantageous position compared to the S&P 500 and Dow Jones and a recent earnings report from Micron may see the trend continue.

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Euro Price Outlook: EUR/USD Rips as Markets Surges on Virus Stimulus

Euro surged 3.3% off the yearly lows as stimulus hopes fuel a breakout of monthly downtrend resistance. Here are the levels that matter on the EUR/USD technical charts.

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USD/JPY Pressured by Record-Smashing Spike in Jobless Claims

The US Dollar peels back further from three-year highs as dismal weekly jobless claims data driven by economic fallout from the coronavirus fuels selling in USD/JPY.

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US Dollar Rises on Historic Jobless Claims

US initial jobless claims crossed the wires at 3.2 million, marking the sharpest rise in history for the figure amid the current global pandemic

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USD/CAD Price Weakens Further Ahead of Crucial US Jobs Release

The recent sell-off in USD/CAD continues, but at a slower pace, ahead of the first key data print out of the US, the weekly initial jobless claims release.

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Why is GBP/USD Impacted by Equities?- CAD & Oil Link Breaks Down: Cross-Asset Correlation

Why is GBP/USD More Impacted by Global Equities? Canadian Dollar and Oil Relationship Breaks Down.

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British Pound (GBP) Latest: GBP/USD Trending Higher Despite Poor Data

The recent modest rally in GBP/USD is still in place despite poor UK retail sales data, suggesting further small gains for the pair.

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GBP/USD Outlook Ahead of BoE Rate Decision, US Jobless Claims

The British Pound may face liquidation pressure ahead of the BoE rate decision at the same time that traders may be scrambling to the haven-linked USD after jobless claim data is released.

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Crude Oil Pares Gains As Nervous Market Looks To US Jobless Claims

Crude oil prices got an initial boost on hopes that a massive coronavirus stimulus and assistance program would pass the Senate. It has, but the prospect of serious labor market weakness has hit ri...

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EUR/USD Rate Carves Higher Highs and Lows as Bearish Momentum Abates

EUR/USD may stage a larger recovery as the bearish momentum abates, with the Relative Strength Index (RSI) reversing course ahead of oversold territory.

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Australian Dollar, Stocks Brace for Multi-Million US Jobless Claims

The Australian Dollar, stocks, and other growth-geared assets have been buoyed by huge stimulus efforts to offset the coronavirus’ economic hit. Grim US jobless claims data may see those gains wipe...

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How Do Politics and Central Banks Impact FX Markets?

Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

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NZD/USD Forecast: Bear Flag Takes Shape, RSI Retains Bearish Formation

The recent rebound in NZD/USD may unravel as a bear flag formation takes shape, while the RSI continues to track the downward trend from earlier this year.

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Canadian Dollar Rose, USD/CAD Uptrend Held. Virus Bill Vote Delayed?

The Canadian Dollar rose but USD/CAD maintained its upward trajectory. This is as the US Dollar is gaining with an immediate vote on the virus relief bill appearing to be delayed.

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Nikkei 225 Forecast for the Week Ahead

The Nikkei 225 has rebounded alongside other equity markets as investors grapple with the unprecedented stimulus packages offered by different governments. Can bulls continue the rally?

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US Dollar Pulls Back from Three-Year-Highs: EUR/USD, GBP/USD, AUD/USD

The US Dollar put in a huge breakout over a ten-day-span. DXY has since found resistance and posed a 23.6% pullback, but are buyers reloading for more gains?

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DAX 30 Price Outlook: 2009 Trendline in Focus as Index Aims Higher

The DAX 30 has enjoyed a strong start to the week as traders digest the fiscal response to the coronavirus. Now, the index has encountered resistance in the form of a longstanding trendline.

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S&P 500 Price Outlook: Bear Market Rally Looks to Build on Stimulus

S&P 500 surged nearly 15% off the lows with the stimulus recovery now testing the first major resistance hurdle Here are the levels that matter on the SPX500 charts.

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