Trader confidence remains high in gold, silver and other metals despite some profit-taking, but low in USD, suggesting the recent strong advances in XAU/USD and XAG/USD could resume soon.
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Tuesday, 28 July 2020
GBP/USD, Silver Charts and More
Cable broke out yesterday to best levels since March while silver is showing signs of exhaustion.
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S&P 500, Dow Jones Forecast: Risk-Taking Cut Back Ahead of FOMC
Silver volatility signals reduction in speculative positions. S&P 500 eyes support, Dow Jones forming interim top.
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Gold Soars to a Record High Before a Sharp Correction Lower Fires a Warning Shot
Gold hit a fresh all-time high around $1,981/oz. earlier in the Asian session before sellers took control of the market and sent the precious metal spinning lower.
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British Pound (GBP) Latest: GBP/USD Set to Consolidate After Recent Gains
GBP/USD is looking toppish after the gains that have taken it sharply higher this month in tandem with a weak US Dollar.
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Gold Price Surge May Fizzle if the Fed Holds Back Stimulus Boost
Gold prices have raced upward to a new record high as the US Dollar sinks amid speculation about a Fed stimulus boost. They may slump back if the central bank disappoints.
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S&P 500 Index Dictated By Coronavirus Relief Bill Talks, FOMC Rate Decision
The S&P 500 stock index may fall ahead of the Federal Reserve interest rate decision on July 29 as coronavirus relief bill talks stall in the Senate.
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Monday, 27 July 2020
USD/CAD Rate Eyes March Low Ahead of FOMC Rate Decision
USD/CAD appears to be on track to test the June low (1.3315) as it trades to a fresh monthly low (1.3425) ahead of the Federal Reserve interest rate decision on July 29.
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New Zealand Dollar Outlook: NZD/JPY, NZD/CAD, NZD/CHF Levels to Watch
The New Zealand Dollar may fall as the NZD/JPY and NZD/CAD exchange rates struggle to breach pivotal resistance.
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Bitcoin, Ethereum Outlook Bullish as US Dollar Demand Fades
Bitcoin and Ethereum may extend their rally in the week ahead if US Dollar weakness persists in tandem with swelling demand for higher-beta assets.
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ASX 200 Attempts 6100 as Mining Stocks Rise, Nikkei 225 Edging Higher
Australia’s ASX 200 stock index is set to climb on Tuesday after an upbeat US session. Higher gold prices boosted mining sector. Japan’s Nikkei 225 stock index may rise.
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AUD/USD Outlook: RSI Flirts with Overbought Zone Ahead of Australia CPI
The Relative Strength Index (RSI) may offer a bullish signal for AUD/USD as the indicator flirts with overbought territory.
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S&P 500 Outlook: VIX in Focus Amid Earnings, Stimulus Talks
Stocks appear ripe for volatility this week with earnings season swinging into full gear and politicians debating the latest coronavirus stimulus package, which brings the S&P 500 VIX ‘fear-gauge’ ...
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USD Weakness May Persist Despite Rising US-China Geopolitical Tension
The US Dollar may continue to slide against its G10 peers despite increasingly hostile geopolitical tensions between the United States and China.
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King Dollar Dethroned as EUR/USD Surges, DXY Hits 2-Year Low
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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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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Posts (Atom)
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....