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Sunday, 26 July 2020

Gold Price Trades to Fresh Record High Amid Extreme RSI Reading

Gold trades to a fresh record high ($1945), with the RSI pushing deeper into overbought territory ahead of the Federal Reserve rate decision on July 29.

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EUR/USD Rate Trades to Fresh 2020 High Ahead of Fed Rate Decision

Current market conditions may keep EUR/USD afloat ahead of the Federal Reserve rate decision as the Relative Strength Index (RSI) sits in overbought territory.

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USD, SGD, IDR, MYR, PHP Brace for Tech Earnings, Eyeing Nasdaq 100

Volatility risk may offer the US Dollar support against ASEAN currencies as the Nasdaq Composite nervously eyes key tech earnings, the outcome of extra fiscal support and China PMI data.

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AUD Outlook: AUD/JPY Poised to Fall on Covid-19 Concerns, China Tensions

The Australian Dollar could come under pressure in the coming week as local cases of Covid-19 continue to climb and tensions with China notably escalate.

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Dow Tests 26,400 Support as Sentiment Sours, Gold Breaks above $1,900

The Dow Jones fell to 26,400 support on virus and geopolitical headwinds. Gold surged above 1,900 to a nine-year high. Fed meeting, US GDP, earnings in focus.

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Canadian Dollar Trading: US Economic Growth Takes Center Stage

A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.

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Markets Week Ahead: Gold Prices, Dow Jones, US Dollar, FANG, Recessions

Gold prices and the Euro soared as the US Dollar sank. Are the S&P 500, Dow Jones and Nasdaq Composite vulnerable after lackluster tech earnings? The United States is poised to enter a technical re...

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US Dollar Ripe for Reversal: GDP, Fed, Earnings Raise Volatility Risk

The US Dollar may bottom out in a jam-packed week of event risk that could rekindle market volatility. All eyes are on the Fed, US GDP, the earnings season and more fiscal stimulus.

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Saturday, 25 July 2020

Crude Oil Outlook: OPEC+ Curbs Supply Cut as GDP Growth Recovers

The monumental recovery in crude oil prices has started to stall with OPEC+ gearing up to increase production as global GDP growth rebounds, but the risk of abating demand looms.

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British Pound Forecast: GBP/USD May Fall Amid Renewed 'No Deal' Brexit Fears

The fundamental outlook for the British Pound looks relatively bleak amid renewed ‘no deal’ Brexit concerns and escalating UK-China tensions.

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USD/JPY Weekly Outlook - Testing Multi-Month Lows as the US Dollar Slides

The Japanese Yen is ending the week on a very positive note against the US dollar, and trades below USD/JPY 106 in holiday-thinned conditions.

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Friday, 24 July 2020

Nasdaq May Fall as Valuation Stretched Close To "Bubble" Level

The Nasdaq stock index may face a meaningful pullback in the weeks to come as investors eye profit-taking after a historic 41% rally in the three month through June 2020.

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Euro Forecast: Outlook for EUR/USD Still Positive But Beware Profit-Taking

Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible first after the pair’s recent strong gains.

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Gold Price Outlook Bullish on FOMC Rate Decision & US Relief Bill

Gold prices may extend their rally if the FOMC rate decision and outlook reinforces the narrative of economic stabilization in tandem with progress on another coronavirus relief bill.

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EUR/USD Extends Rally & USD/JPY Plunges on Markit PMIs

Monthly flash PMIs just released by IHS Markit fuels further US Dollar selling pressure against major FX peers like the Euro and Japanese Yen as economic growth and sovereign yield spreads diverge.

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EUR/USD, USD & More – Charts for Next Week

The Euro is very near a long-term form of trend resistance, while the DXY is trading around support; could see a snapback in trends in next week.

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Crude Oil Edging Higher as Support Holds but Resistance Now Coming Into Play

Brent crude continues to nudge higher and looks set for another attempt to fill the early-March gap. The short-dated moving average is providing support but the longer-dated ma is likely to present...

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