British Pound Price Outlook: GBP/USD Bounces - Will Sellers Respond?

Last week ended with fear in the British Pound but this week has been noticeably more upbeat, even with the talk of possible negative interest rates.

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Central Bank Watch: Timing of Next Rate Moves for BOC, RBA, & RBNZ

Many central banks have reached the lower bound of interest rates – for now.

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USD Weakness Abates on Flash Manufacturing PMI

This morning brought the release of US Flash Manufacturing PMI data to the tune of 39.8 vs the expectation of 38.0.

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Dow Jones Rises to Resistance, US Dollar Dropping to Key Support

Risk On and Risk Off drives price action in short term. US Dollar has increasingly negative correlation to risk appetite.

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British Pound (GBP) Latest: UK PMIs Improve GBP/USD Outlook Modestly

GBP/USD edged ahead on a better-than expected batch of UK PMIs but continues to trade close to the 1.22 level within a triangle pattern on the charts, with little sign yet of a breakout either up o...

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Bitcoin (BTC) Struggles to Break Above $10,000, Supportive Trend Remains

Bitcoin continues to struggle with resistance at $10,000 but remains supported by a strong two-month uptrend.

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EUR/GBP Chart Setup Ahead of ECB Minutes, UK PMI Data

The Euro and British Pound may see higher-than-usual volatility ahead of the release of UK PMI data and ECB meeting minutes as EUR/GBP trades near a key inflection range.

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Gold Prices Return Some Gains Despite Broadly Supportive Backdrop

Gold prices failed to push higher despite a modest rise in overall risk aversion as relations between China and the United States appear more strained in the time of Covid.

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NZD/USD Rate Struggles Again at Former Support Zone

NZD/USD struggles to extend the series of higher highs and lows from earlier this week as it comes up against the former support zone around 0.6170 to 0.6230.

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Australian Dollar Lower, Trump Tweets Against Xi Stoke Risk Aversion

The Australian Dollar came under pressure against a generally stronger greenback as the US Administration makes its China spat much more personal.

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BTC/USD Analysis After Halving, Ethereum Technical Update

Bitcoin may experience a brief pullback as bold price action turns more timid ahead of retesting a key ceiling. ETH/USD is stalling in a compression zone – will a directional bias be revealed?

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VIX Index Spikes Lower as Risk Appetite Crushes Volatility

VIX Index drops to its 200-day exponential moving average as the S&P 500 rallies relentlessly while trader sentiment remains unfazed by skepticism surrounding a possible coronavirus vaccine.

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USD/CAD Outlook: Failure to Test April Low Warns of Range Bound Prices

USD/CAD may continue to face range bound conditions in May as the decline from earlier this week fails to produce a test of the April low (1.3850).

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Crude Oil Price Breakout Eyed, Will the Canadian Dollar Capitulate Up?

Crude oil prices broke to the upside on a 10-week high, will the Canadian Dollar capitulate higher? Markets shrugged off Stat’s Moderna critique, AUD/USD may rise with Asia stocks.

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Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.

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Gold Price Takes Aim at 2012 Peak Near $1,800 as Climb Continues

Gold has melted higher over the last few weeks as investors seek the relative stability and insurance against inflation the metal often provides. Now, it has taken aim at resistance near the 2012 p...

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US Dollar Outlook: DXY Hammered Lower Ahead of FOMC Minutes

The US Dollar extends lower with DXY Index price action on pace for a 1.2% decline over the last three trading sessions, but can FOMC minutes due for release spark a reversal in USD prices?

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US Listed Chinese Stocks Drop on Senate Passing Oversight Bill

The U.S. Senate passed the Holding Foreign Companies Accountable Act Wednesday afternoon, sending Chinese stocks listed on U.S. exchanges lower as news crossed the wires

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Euro Stoxx 50 Outlook: Approaching Inflection Point as Optimism Reigns

Market optimism remains rife as vaccine hopes and EU aid proposals continues to lift equity markets

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Dow Jones, Gold & More: Index & Commodity Charts to Watch & More

Stocks are testing resistance and have their work cut out for them for further gains while gold and other commodities may have a little more upside in them.

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