AUD/USD Climbs, US Dollar Drops Ahead of the Fed & GDP Data

US Dollar has dropped over the last three-consecutive trading sessions as market participants pressure the DXY Index. Can AUD/USD price action extend recent gains with the Fed and US GDP data on deck?

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Dow Jones Price Outlook: High-Profile Earnings Highlight Coronavirus Impact

A series of high-profile earnings results from Alphabet, AMD, and Ford were reported on Tuesday with a varying degree of impact from coronavirus.

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Canadian Dollar Price Outlook: USD/CAD Snaps Back, Will Bears React?

USD/CAD fell back-below the 1.4000 marker this morning, and has since checked back to prior support for potential resistance.

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Russell 2000 & Mid-Cap Stocks Surge on Fed Policy Tweak, VIX Falls

The Russell 2000, a mid-cap equity index, is now outperforming other popular stock market benchmarks like the S&P 500, Dow Jones and Nasdaq. Will major Fed policy toolkit changes keep bolstering th...

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Nasdaq 100 Price Outlook: Levels to Watch Ahead of Big-Tech Earnings

Some of the biggest technology names are scheduled to report their quarterly earnings this week, a string of events that could spark price volatility for the tech-heavy Nasdaq 100.

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US Dollar Remains Pressured on Record Consumer Confidence Drop

Despite the sharp drop in consumer confidence Tuesday morning, the US Dollar remains under pressure as plans for reopening the global economy come into focus.

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US Dollar Suffers, Australian Dollar and Japanese Yen Shine - US Market Open

Global risk sentiment lends support to US equities. Dollar weakness broad-based, while oil remains volatile.

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EUR/USD Price Vulnerable to Central Bank and Data Induced Volatility

EUR/USD volatility is likely to jump over the next two days with the latest FOMC and ECB policy announcements, alongside Q1 GDP data which is expected to show both economies contracting sharply.

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AUD/USD, EUR/USD, Gold Charts & More to Watch

The Aussie recovery looks to have more room to go, the Euro is at a major inflection point worth paying close attention to, while gold tries to stay firm.

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Gold Price Slides on Renewed Risk Appetite, Unable to Break Trend Resistance

The price of gold has dipped further this morning with the uptrend from the March 19 low acting as strong resistance. A short-term series of lower highs dominate price action.

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British Pound (GBP) Latest: Caught Between Oil Woes and Lockdown Hopes

Sterling and other riskier assets, including the FTSE 100, will likely continue to trade sideways near-term as hopes that coronavirus lockdowns will be eased are offset by continuing turmoil in cru...

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US Dollar May Gain From Risk Aversion if Confidence Data Sours Sentiment

The US Dollar may rise if consumer confidence data reveals how severely the coronavirus pandemic has infected the optimism of the steam engine of American growth.

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Gold Prices Retreat As Hopes For Virus-Lockdown Rollbacks Endure

Gold lost out to riskier assets in Asia as investors still hope that maybe the worst of the pandemic is behind them. That’s a big maybe though and the metal remains near recent highs.

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AUD/USD Preserves Ascending Channel Formation Even as RSI Deviates

AUD/USD continues to track the upward trending channel carried over from March even though the Relative Strength Index (RSI) deviates with price.

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Copper Prices Could Offer Best Coronavirus-Recovery Steer

With oil prices wilting under the weight of their own market dynamics, and stock markets infectiously optimistic, could the key industrial metal be telling an important truth?

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USD/SEK, EUR/SEK Ripe for Bullish Breakout Ahead of Riksbank Rate Decision

The Swedish Krona may fall versus the US Dollar and Euro if the Riksbank rate decision and outlook for the virus-shaken economy accentuates selling pressure in SEK.

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New Zealand Dollar Slips, Ardern's Virus Caution Adds To Risk-Off Tone

The New Zealand Dollar headed lower as its home country’s political leader sounded a solemn note even as the nation declares coronavirus beaten.

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US Dollar Outlook vs SGD, IDR, MYR Hinges on Foreign Exchange Reserves

The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?

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USD/CAD Rate Tracks Monthly Range as Federal Reserve Expands MLF

USD/CAD may continue to track the monthly range as the break of the descending channel formation fails to produce a test of the April high (1.4298).

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S&P 500 Forecast Eyes Turning Point? Australian Dollar May be at Risk

The S&P 500 may be at a turning point, leaving the Australian Dollar at risk as markets await key US earnings data. Trump-China comments could cool sentiment during Asia Pacific trade.

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