The Australian Dollar may come under increasing downside pressure as local coronavirus cases spike and tensions with China escalate.
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Friday, 26 June 2020
GBP/USD, AUD/JPY & More – Charts For Next Week
Cable has a clean chart to work with, along with a few of the JPY cross-rates (AUD/JPY in focus).
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Crude Oil Prices May Fall as a Double Top Takes Shape
Crude oil prices look to be carving out a double top below the $44/bbl figure, hinting that a downturn is ahead. Gold prices ‘ scope for gains capped by US Dollar.
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British Pound Latest (GBP) - GBP/USD Coiling for a Breakout
GBP/USD bracing for another round of intensive negotiations between the UK and EU, while concerns mount over US tariffs.
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GBP/USD, S&P 500 Stall as Coronavirus Concerns Eat at Market Sentiment
The S&P 500 stock index stalled alongside GBP/USD as coronavirus cases surged, boosting haven USD demand. Germany's DAX 30 bounced as the ECB announced a new lending facility.
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Thursday, 25 June 2020
How China-ASEAN Relations Impact SGD, IDR, MYR, PHP
Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.
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S&P 500, Crude Oil Prices, Energy ETFs: Relations and Correlations
The S&P 500 outlook seems to have become more important for certain energy sector ETFs rather than the price of crude oil. Will this dynamic last and what are the risks ahead?
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Hang Seng Eyes Resistance, Stocks May Wobble on Virus Woes, US-HK Bill
APAC stocks may rise after equities rose on Wall Street. Still, virus concerns and a newly approved US sanction bill over Hong Kong’s autonomy will likely weigh on sentiment.
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Gold Price Forecast: 2012 High Back on Radar, RSI Eyes Overbought Zone
Gold prices have traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist as the RSI approaches overbought territory.
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AUD, NZD May Cautiously Extend Gains Despite Rising Virus Cases
The Australian and New Zealand Dollars may rise in Asia, but their ascent may be curbed by growing fear of rising coronavirus cases in the world’s largest economy.
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Fed Stress Test: Bank Stocks Trim Gains on Dividend Restrictions
The Federal Reserve concludes that banks will come under stress, but remain sufficiently capitalized amid various scenarios that model possible COVID-19 economic outcomes, but places some restricti...
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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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Mexican Peso: USDMXN Rises on Bank of Mexico Rate Cut
Mexican Peso price action drifted lower following the country's central bank cutting its overnight rate by 50 basis points, as expected.
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US Dollar Price Outlook: USD Awaits a Big Week on the Econ Calendar
The US Dollar took on a bearish tone earlier this week; but soon found support and began to bounce. The next week is busy on the economic calendar for the USD.
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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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Dollar vs Mexican Peso Price Outlook: USD/MXN Rally Testing June High
The US Dollar is attempting a third weekly rally vs Mexican Peso with USD/MXN now testing the monthly highs. Here are the levels that matter on the technical charts.
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Gold Price Outlook: Real US Rates Matter More than US Dollar for Gold
Gold prices hover around a near 8yr high, however, the US Dollar has not been the main driver.
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Gold Prices at Risk as Covid-19 Case Growth Rise Lifts US Dollar
Gold prices fell with stocks as the US Dollar gains amid worries about a pickup in Covid-19 case growth. The chart setup warns deeper losses may be ahead.
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British Pound (GBP) Latest: GBP/USD and FTSE 100 Under Pressure Again
Both GBP/USD and the FTSE 100 index are slipping lower on concerns about a surge in coronavirus cases in the US and the biggest one-day rise in infections in two months in Australia.
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EUR/USD, GBP/USD Rates at the Mercy of US Trade Talks
EUR/USD and GBP/USD may continue to slide as US-EU trade tension fuels risk aversion.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....