British Pound (GBP) Latest: GBP/USD Pulls Back From Multi-Month High

Sterling hit a multi-month against the US dollar on Friday but is now giving back some of last week’s gains as the US dollar finds a small bid.

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US Dollar Index May Rise on Stagnating Coronavirus Relief Bill Talks

The US Dollar Index (DXY) looks poised for a short-term recovery as US policymakers fail to find common ground on unemployment benefit payments.

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Crude Oil Prices May Fall Further, ISM Manufacturing Data Eyed

Crude oil prices may fall further after completing a bearish chart setup. July’s US ISM manufacturing survey may emerge as a near-term bearish catalyst.

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Gold Tags Fresh Record High Price as Extreme RSI Reading Persists

Gold tags a fresh record high price ($1988) on the first day of trade for August, while the extreme RSI reading persist along with the crowding behavior in the US Dollar.

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Euro at Risk on EU Digital Sovereignty Stance, USD Eyes Stimulus Talks

The Euro may pay the price for the EU’s stance on its digital sovereignty while the US Dollar eyes closely-scrutinized US fiscal stimulus talks.

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US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar slide extended against the Singapore Dollar, Malaysian Ringgit, Philippine Peso and Indonesian Rupiah. Focus turns to the US jobs report, ASEAN GDP and the RBI.

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AUD/USD Outlook Mired Ahead of RBA as RSI Divergence Takes Shape

AUD/USD trades near the 2020 high (0.7227) ahead of the Reserve Bank of Australia (RBA) rate decision, while the RSI threatens the upward trend established in July.

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S&P 500 Gains with Tech Earnings, Nikkei 225 Looks for Support

The S&P 500 index ended July with a 4% monthly gain, with technology firms doing most of the heavy-lifting. The Nikkei 225 index is looking for support at 21,900.

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New Zealand Dollar Poised to Rise Ahead of Unemployment, Inflation Data

The NZD/USD exchange rate may continue to climb ahead of New Zealand unemployment and inflation data after breaking above pivotal chart resistance.

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JPY May Fall if PMI Data in Key Supply Chain Economies Brightens Outlook

The Japanese Yen may fall if PMI data out of key Asian supply chain economies points to regional stabilization despite a rising number of Covid-19 cases across the world.

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Markets Week Ahead: Nasdaq 100, US Dollar, AUD/USD, RBA, GBP/USD, BoE

The Nasdaq 100 soared as the US Dollar sank amid jubilant tech earnings and a dovish Federal Reserve. The Australian Dollar and British Pound face the RBA and BoE respectively. All eyes turn to the...

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Nasdaq 100, DAX 30 & ASX 200 Forecasts for the Week Ahead

As the peak of earnings season fades into the rearview, equity markets will shift their focus back to more traditional economic data and possible election uncertainty in the United States.

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USD/MXN Week Ahead: choppy price action to continue

Dollar weakness undermines USD/MXN performance as coronavirus cases continue to spook the market

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Euro Forecast: EUR/USD Outlook Still Bright After Six Weeks of Gains

EUR/USD has now gained ground for six successive weeks, taking it back to levels last seen in 2018, and there is still no sign of its advance tiring.

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Gold Price Weekly Outlook: Consolidating Near Record Highs

US Treasury real yields currently trade at, or close to, a record low, boosting the attraction of gold and underpinning any potential move lower.

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USD Outlook Bearish on Earnings Data, Stimulus Talks, Accommodative Fed

The US Dollar may extend its losses as demand for the haven-linked asset dwindles amid strong corporate earnings from large-cap firms and uninterrupted support from the Fed.

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Crude Oil Price Outlook Eyes OPEC Output Restart, US and China Demand

Crude oil prices may be torn between rising demand from the US and China as OPEC+ begins restoring output. Will the non-farm payrolls report give more life to WTI and Brent?

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Australian Dollar Outlook Hinges on Covid-19 Cases Ahead of RBA Rate Decision

The Australian Dollar looks set to extend gains against its major counterparts ahead of the RBA interest rate decision

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GBP/USD, AUD/JPY & More – Charts For Next Week

Cable is becoming extended into a resistance zone, while AUD/JPY chart has an appealing sequence and levels in play.

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FTSE 100 Pushing Down on Support as GBP/USD Strength Weighs

The FTSE 100 continues to probe the lower end of its short-term trading range with the recent rally in GBP/USD weighing on UK exporters.

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