The Greenback looks keen on surrendering its 'King Dollar' title as the DXY Index plunges to its lowest level in over two years while EUR/USD skyrockets. Have US Dollar bears taken control?
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Monday, 27 July 2020
Mexican Peso Price Forecast: USD/MXN Drives Monthly Low, USD Smashed
As the US Dollar gets smashed to two-year-lows, USD/MXN crawls down to it's own monthly low. But with FOMC on deck, volatility may be around-the-corner.
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Euro Forecast: EUR/USD Testing Multi-Year Symmetrical Triangle
EUR/USD is testing resistance of a multi-year symmetrical triangle. Will economic data, risk sentiment and a global pandemic provide the breakout catalyst?
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Mexican Peso Outlook at the Mercy of US Economic Trends
Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.
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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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GBP/USD, EUR/GBP and GBP/NZD Outlooks - UK Webinar
Sterling is pushing higher against a weak US dollar and is consolidating recent losses against a range of other currencies including EUR/GBP and GBP/NZD.
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US Dollar Selling Dominates, EUR/USD Longs Extend Further - COT Report
US Dollar selling the dominant theme across the FX space as real yields plummet. Euro Bulls Boosted.
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British Pound (GBP) Latest: GBP/USD Hits a 4-Month High as the US Dollar Slumps Further
Sterling opens the week little changed against a basket of other currencies but trades at a fresh four-month high against a feeble US dollar.
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IBEX 35, CAC 40 Stock Indexes May Fall as Covid-19 Fears Heat Up
Spain’s IBEX 35 stock index may extend declines after breaking its 4-month uptrend. France’s CAC 40 equities benchmark is perched at a pivotal support as RSI flops into bearish territory.
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Crude Oil Prices May Rise with Stocks, Gold Hits Record High
Crude oil prices may rise with stocks as risk appetite firms across financial markets. Gold prices have jumped to a record high ahead of the FOMC policy announcement.
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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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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....