Saturday, 15 August 2020

US Dollar Price Forecast: Stimulus Deadlock, China Row Boost USD

The US Dollar may rise, buoyed by haven demand as fiscal stimulus talks stagnate and swelling tensions between Washington and Beijing sink trade talks.

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Friday, 14 August 2020

Crude Oil Weekly Outlook: Crude Oil Stalls Ahead of OPEC Meeting

Upside in Crude Oil struggling ahead of OPEC meeting. Cartel likely to maintain wait and see approach.

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AUD Forecast: Australian Dollar Vulnerable as Complacency Builds

The Australian Dollar has kept a bid alongside the slow-and-steady decline in volatility. Bulls may continue steering AUD price action higher, but the Aussie lies at risk of a bearish shift in mark...

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Nasdaq 100 Index Falls on Consumer Sentiment Report

The University of Michigan's Consumer Sentiment report printed 72.8 on Friday morning, sending the Nasdaq 100 index lower as consumer expectations remain downbeat in the current economic landscape ...

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GBP/USD, USDJPY & More – USD Charts For Next Week

The US Dollar continues to work on a sideways move in general that could lead to more weakness; USD/JPY bucking that trend while GBP/USD highlights it.

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Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

AUD/USD stalling, AUD/NZD makes key topside break on diverging monetary policy.

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Euro Dollar Forecast: EUR/USD Price Action Awaits US Retail Figures

EUR/USD Tests Key Resistance Level Amid Retail Sales Data

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British Pound Latest - Lockdown Measures Unwound, Brexit Common Ground, GBP/USD Bolstered

The UK government announced Thursday that lockdown measures will be unwound further this weekend in the next step to fully re-opening the economy.

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USD/JPY Rate May Fall on Disappointing US Retail Sales Data

The USD/JPY exchange rate at risk of a near-term pull back should US retail sales for July disappoint market participants.

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Thursday, 13 August 2020

Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing

Crude oil prices may rise if renewed US-Iran tensions stoke supply-disruptions fears – but will that be enough to sustainably offset OPEC disengagement and push Brent higher?

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Australian Dollar Outlook Eyes S&P 500, Retail Sales After Chinese Data

The Australian Dollar is eyeing how the S&P 500 reacts to US retail sales after Chinese equivalent ones were released. Beyond that, AUD/USD could be at risk to US-China trade talks.

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Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 Ranges

The Dow Jones Industrial Average tested a key resistance at 28,000 but failed to break through. Germany’s Dax fell 0.5% to just below 13,000.

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AUD Cautiously Eyes Chinese Data Ahead of Sino-US Trade Talks

The Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to upcoming Sino-US trade talks.

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USD/JPY Price Analysis: Dollar-Yen Shorts Surge, Yields Eyed

The US Dollar has climbed against its Japanese Yen peer over the last few trading sessions with spot USD/JPY rates rising more than 100-pips month-to-date, but some FX traders expect a reversal.

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Canadian Dollar Forecast: USD/CAD Slips, NZD/CAD Threatens Breakdown

The Canadian Dollar has been on a tear this week, staging rallies against the US Dollar and the New Zealand Dollar alike. Will critical breakdowns allow losses to accelerate?

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US Dollar Forecast: USD Price Action Rangebound – Levels to Watch

USD price action is whipsawing again and keeping the broader US Dollar relatively rangebound as the DXY Index bounces back and forth between two critical technical barriers. What's next for the USD?

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Mexican Peso: USDMXN Ticks Higher on Banxico Rate Cut

The Bank of Mexico cut its benchmark interest rate by 50-basis points on Thursday sending USD/MXN higher following a strong month for the Mexican Peso versus the US Dollar

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S&P 500, Nasdaq Price Forecast: SPY, QQQ Inch Towards All-Time-Highs

US stocks continue to defy gravity, pushing towards fresh all-time-highs in both the S&P 500 and the Nasdaq 100.

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British Pound Price Forecast: Cable Bounces, GBP/JPY to 140

It's been a week of strength in both GBP/USD and GBP/JPY, even with the record drop in UK GDP that was released yesterday.

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US Dollar Slides Lower - GBPUSD and EURUSD Outlooks

The US dollar (DXY) is pointing lower again and is within striking distance of a fresh 27-month low, underpinning both EUR/USD and GBP/USD.

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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...