Wednesday, 1 July 2020

Euro Price Outlook: EUR/USD Jumps from Key Chart Support

As the door open into Q3, EUR/USD has grasped on to a very key area of long-term chart support. Can bulls take control in Q3?

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US Dollar Forecast: Rebound Losing Steam Ahead of June NFP

The US Dollar (via the DXY Index) has seen topside price action falter in recent days.

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Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

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USD/CAD Struggles as Multi-Month Trend Resistance Holds Firm

USD/CAD is pushing lower as trend resistance off the March peak continues to dominate price action. The 200-dma may well define the next short-term move.

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Silver Prices on Course for Bullish Breakout: Silver to Outperform Gold

Central bank stimulus keeps Silver on course for bullish trajectory. However, COVID case rise poses risks.

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Crude Oil Prices May Fall as FOMC Minutes Help Form Double Top

Crude oil prices may turn lower if June’s FOMC meeting minutes deflate hopes for near-term stimulus expansion, helping to validate a bearish double top chart pattern.

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British Pound (GBP) Latest: GBP/USD Facing Resistance, FTSE Flat

GBP/USD is faltering at resistance from a downward sloping chart trendline as the markets weigh up improving economic data against surging coronavirus infections in the US.

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British Pound Forecast: GBP/USD, GBP/JPY to Face Brexit Deadline

GBP/USD, GBP/JPY could come under intense selling pressure as weakening fundamentals and Brexit fears weigh on the British Pound.

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Tuesday, 30 June 2020

Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report

Gold trades to a fresh yearly high ($1786) ahead of the US Non-Farm Payrolls (NFP) report, and the bullish behavior may persist as the RSI approaches overbought territory.

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How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

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Copper, Silver Driven By US Dollar. Risk Aversion May Fuel Selling

Copper and silver price moves continue to be dictated by the safe-haven US Dollar. Could a surge of risk aversion fuel a collapse in metal prices?

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Asia Markets to Open Flat Despite US Rally on Hong Kong Security Law

Asia-Pacific equities may struggle for momentum despite a strong lead from Wall Street amid fears that the approval of a new Hong Kong security law may stoke US-China tensions.

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Australian Dollar Resilience Undermined by Break of Bullish RSI Trend

It remains to be seen if the resilience in AUD/USD will carry into July as the Relative Strength Index (RSI) snaps the bullish trend from earlier this year.

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AUD/JPY May Rise But Hong Kong Geopolitical Risk May Curb Gains

The Australian Dollar may rise versus the anti-risk Japanese Yen after a rosy session during Wall Street trade, but geopolitical complications in Hong Kong could curb AUD/JPY’s gains.

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Nasdaq 100 Forecast: Stocks Post Stellar Quarterly Gains Led by Tech

Markets finished up the second quarter on Tuesday, finalizing a remarkable few months which saw risk assets recover from the coronavirus crash at a blistering pace. Few were more jubilant than the ...

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Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

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US Dollar Edges Lower as Consumer Confidence Smashes Forecast

The US Dollar is starting to surrender gains notched early during Tuesday's trading session in response to increasingly optimistic consumer confidence data as markets await Fed Chair Powell and Tre...

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S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

Momentum weakens for S&P 500 , Nasdaq 100. Watch out for rebalancing flows, while US COVID concerns rise.

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Market Sentiment: Strong China PMI Fails to Lift AUD/USD, EUR/USD, GBP/USD | Webinar

A strong manufacturing PMI number for China in June has failed to lift trading sentiment, suggesting some underlying weakness in ‘risk-on’ currencies and stocks.

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Gold Price Latest - Rally Running Out of Steam, Supportive Trend Needs to Hold

The recent gold rally is coming under threat as the precious metal struggles to move higher after hitting a near-eight year peak last week.

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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...