NZD/USD Rate Vulnerable Following RBNZ as RSI Snaps Bullish Formation

NZD/USD may continue to give back the advance from the start of the month as the Relative Strength Index (RSI) snaps the upward trend carried over from March.

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AUD, APAC Stocks at Risk on US-EU Trade Tensions, Rising Virus Cases

The Australian Dollar and Asia-Pacific stock markets may be at risk to a selloff contagion during Wall Street trade amid mounting geopolitical tensions and rising Covid-19 cases.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: Stocks Pulled Higher by Tech

The Nasdaq 100 pressed to record heights this week as just a handful of big technology stocks continue to drag the rest of the market higher. Is this sustainable?

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Gold Price Eyes Jobless Claims Data as New Virus Cases Spike

Gold shows bullish breakout potential as the precious metal tops the $1,760-price level and sets its sights on eight-year highs amid exceptionally high unemployment and spiking coronavirus cases.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY & NZD/CAD Levels

USD/CAD, CAD/JPY and NZD/CAD have recently begun to consolidate near support as each pair negotiates various themes and considerations. Here are the key levels to watch.

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NZD/USD Price Outlook: RBNZ Jawbones New Zealand Dollar Lower

The New Zealand Dollar takes a nosedive owing to increasingly dovish monetary policy outlook from the RBNZ with weakness in spot NZD/USD exacerbated by the market's latest risk-off mood.

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US Dollar Ticks Higher on Downgraded IMF Global Growth Forecast

US Dollar price action is ticking higher following the downgraded IMF global growth forecast, revealing a deeper downturn for 2020 and more sluggish recovery for 2021

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Dow, S&P Continue Consolidation; Nasdaq Tests Higher-Low Support

Despite a global pandemic and an unprecedented sucker punch to global growth, the Nasdaq has continued up to another fresh all-time-high.

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Crude Oil, DAX & Silver: Index & Commodity Charts

Oil is coming off a big area of resistance, could weaken further, the DAX could weaken but remains in a bullish channel for now, silver trying to break out.

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US Dollar, S&P 500, NZD/USD Analysis - Cross Asset Correlation

Elevated correlation between equity and currency markets makes risk sentiment the dominant driver.

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Crude Oil Prices May Fall as Market Mood Turns Sour

Crude oil prices may fall as the mood across global financial markets turns sour, helping to make good on emerging signs of bearish technical cues.

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US Dollar vs Mexican Peso: USD/MXN Building A Breakout Pattern, Rate Decision Eyed

USD/MXN is currently mixing lower highs and higher lows on the daily chart and the pair look likely to break this narrowing range shortly.

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British Pound (GBP) Latest: GBP/USD Upward Momentum Fading, FTSE Falling

The advance in GBP/USD so far this week seems to be stalling and the FTSE 100 index is easing in markets dominated by uncertainty over whether now is the right time to ease lockdowns.

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Euro Eyes Trend Top vs USD, EUR/CHF Rise May Flag Market Cheer

EUR/USD has surged to test familiar resistance marking the bounds of its two-year downtrend as EUR/CHF price action seems to suggest improvement in market-wide risk appetite.

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How AUD & NZD Exchange Rates Are Impacted by China’s Economy

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Gold Price Extends Bullish Behavior in June to Mark Fresh 2020 High

The price of gold extends the bullish behavior from earlier this year as the precious metal trades to a fresh 2020 high ($1774) in June.

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New Zealand Dollar Dips Lower on Dovish RBNZ Forward Guidance

The New Zealand Dollar dipped lower as the RBNZ remains “prepared to provide additional stimulus as necessary”.

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Hang Seng Index Challenges Key Resistance, Gold Prices Climb

The Hang Seng Index stock market benchmark is set to challenge a key resistance level at 25,000. The Singapore’s Straits Times Index consolidates on election news. Gold climbs.

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USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to unravel as the RSI fails to break out of the bearish formation carried over from the previous month.

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NZD May Rise on RBNZ Rate Decision Amid Signs of Global Stabilization

The New Zealand Dollar’s rise may be amplified by the RBNZ rate decision as signs of stabilization in the global economy alleviate the need for ultra-aggressive monetary measures.

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