EUR/NOK, EUR/CAD look poised for further gains after bouncing off key moving average support. EUR/SEK may fall after breaching long-term uptrend.
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Monday, 13 July 2020
EUR/USD Rates to Watch Ahead of ECB Interest Rate Decision
EUR/USD appears to be on track to test the June high (1.1423) as the European Central Bank (ECB) is expected to retain the current policy on July 16.
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Core-Perimeter Trading Model: US, Eurozone & China
The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...
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ASX 200 Stock Index Remains Capped amid Australia-China Trade Tensions
The ASX 200 stock index looks poised for a reversal at key resistance as Australia-China trade tensions continue to escalate.
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S&P 500 Retraces at Key Resistance, Hang Seng Faces a Pullback
The S&P 500 index dropped nearly 1% overnight as tech stocks plunged. Asia-Pacific equities are set to follow lower. Singapore’s 2Q GDP fell -12.6% year-on-year.
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US Dollar, USD/SGD Gain. Singapore Enters Recession on Record GDP Drop
The USD/SGD rose as Singapore’s economy entered a technical recession after the worst contraction in GDP on record. What’s next for the Singapore Dollar and the Straits Times Index?
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AUD/USD Rate Outlook Mired by Failure to Test 2020 High
AUD/USD may continue to consolidate ahead of Australia’s Employment report amid the failed attempt to test the 2020 high (0.7064).
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Copper Price Outlook Bearish as Market Optimism Makes a U-Turn
Copper prices may retreat as risk appetite wanes after a disappointing session in Wall Street trade and formidable geopolitical tensions in Asia.
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US Dollar Ripe for Volatility as Stocks Swing Amid Earnings
The US Dollar is catching a bid late on Monday as the safe-haven currency perks up alongside the VIX Index, which follows a nasty intraday reversal to the downside staged by stocks ahead of earning...
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Dollar vs Mexican Peso Price Outlook: USD/MXN Breakout Brewing
Mexican Peso is attempting a fourth consecutive daily advance with USD/MXN testing support early in the week. These are the levels that matter on the technical charts.
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Australian Dollar Fundamental Forecast for Q3 2020
A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this year.
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EUR/USD & AUD/USD in Focus Ahead of ECB, Jobs & Retail Sales
EUR/USD and AUD/USD could experience heightened market activity next week with the Euro, US Dollar, and Australian Dollar primed for volatility around key event risk and data releases on deck.
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US Dollar Forecast: Nearing the Bottom as COVID-19 Cases Soar?
The DXY Index has been weighed down by concerns over the United States’ coronavirus surge.
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Crude Oil Price Trapped at Resistance as Other Risk Assets Climb
Crude oil has struggled with resistance near $41.25 even as other growth-linked assets and commodities continue to climb. Will crude catch up or have the other assets gone too far, too fast?
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GBP/USD Price Analysis: Cable Indecisive Ahead of Earnings Season
Bulls continue to dominate in the medium-term, but with shorter-term price action turning to the downside, will momentum shift?
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Markets Week Ahead: Gold Prices, Dow Jones, Earnings Season, Euro, ECB
Gold prices accelerated higher as longer-dated Treasury yields declined. While the Dow Jones and S&P 500 rose, stock valuations will be tested as earnings season gets underway. The Euro awaits the ...
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GBP/USD, EUR/GBP and FTSE 100 Outlooks - UK Weekly Webinar
A series of heavyweight UK data releases and the latest US earning season will add volatility to a market already ignoring heighted COVID-19 fears.
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British Pound (GBP) Latest: GBP/USD Running Into Resistance, Busy Week Ahead
Sterling continues to push higher against a weak US dollar and GBPUSD now nears 200-dma resistance. The economic calendar is packed full of potential market moving data releases this week.
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EUR/USD, EU Stoxx 50 Stock Traders to Focus on Recovery Fund Talks
EUR/USD, EU Stoxx 50 stock market index stalling at resistance as investors look to the European Union’s ‘special summit’ on July 17.
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Crude Oil Prices May Rise with Stocks But OPEC+ Meeting Looms Large
Crude oil prices might benefit from a recovery in market-wide risk appetite but apprehension before an upcoming OPEC+ meeting may limit upside follow-through.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...