Tuesday, 25 August 2020

US Dollar (DXY) Price Outlook - A Pivotal Few Days Ahead for the US Dollar

There are a few important data releases and events over the rest of this week that will decide the short- and medium-term outlook for the US dollar.

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British Pound Latest (GBP) - GBP/USD Rallies Capped, GBP/JPY Holds Range

GBP/USD rallies capped as the US Dollar shows signs of life, while GBP/JPY maintains recent range.

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Gold Prices at Risk as Markets Brace for Powell Jackson Hole Speech

Gold prices are menacing the bounds of a five-month uptrend as markets brace a speech from Fed Chair Jerome Powell at a virtual Jackson Hole symposium.

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EUR/USD Rates May Rise Ahead of Jackson Hole Economic Symposium

The EUR/USD exchange rate may rise as it carves out a Bull Flag continuation pattern ahead of the Federal Reserve’s Economic Symposium in Jackson Hole

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Monday, 24 August 2020

USD/CAD Rate Trades in Defined Price Range Ahead of September

The recent rebound in USD/CAD may prove to be an exhaustion in the bearish behavior rather than a change in trend as key market themes look poised to persist in September.

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

The Singapore Dollar and Malaysian Ringgit may look past local data, eyeing theFed’s Economic Policy Symposium and RNC. Will the Philippine Peso and Indonesian Rupiah rise?

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British Pound at Risk on Brexit Gridlock, Jackson Hole Symposium in Focus

The British Pound may face heightened selling pressure as Brexit talks yield no results. The US Dollar’s advance may accelerate after the Jackson Hole symposium but pause on the RNC.

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New Zealand Dollar Outlook: AUD/NZD, NZD/USD, NZD/JPY Levels to Watch

The New Zealand Dollar may extend declines as NZD/JPY and NZD/USD rates eye fresh monthly lows. AUD/NZD carving out possible Bull Flag continuation pattern.

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AUD/USD Pullback From 2020 High Fizzles as Fed Balance Sheet Widens

The Australian Dollar may continue to outperform its US counterpart as the Federal Reserve’s balance sheet climbs back above $7 trillion in August.

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US Dollar Rebound May Extend into Day 2 of RNC. Pompeo to Speak

The US Dollar may continue to rise heading into the second day of the Republican National Convention where Secretary of State Mike Pompeo is scheduled to speak.

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S&P 500 Price Outlook: Apple Leads Index to New Highs With Confidence

The S&P 500 surged to fresh record levels Monday, extending beyond pre-covid levels. While recent price action has been rather timid, Apple remains an outlier.

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USD Price Outlook: Dollar Pivots Higher Ahead of Fed Symposium

USD price action has gained about 1.25% since the US Dollar Index hit two-year lows earlier this month. Can the Greenback keep gaining ground or will Jackson Hole reignite Dollar selling pressure?

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Gold Price Forecast: XAU Sinks to Support, Will Gold Bulls React?

Gold prices shed 10% when pulling back earlier this month, but with Jackson Hole on the radar, will bulls remain quiet for long?

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FTSE 100 & CAC 40 Forecast: Stocks Surge to Start the Week, Resistance Eyed

Stocks jumped higher to start the week but remain locked within their broader technical patterns. Nevertheless, the FTSE 100 and CAC 40 have taken aim at resistance.

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Crude Oil Price Bulls Eye Resistance as VIX ‘Fear-Gauge’ Falls

Crude oil price action has edged steadily higher over the last three consecutive weeks. The commodity remains buoyed by upbeat trader sentiment amid the absence of volatility, but will it last?

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Shapes of the Recovery: The Recession Alphabet - V, U, W, J, & L

As US GDP figures come into focus around the coronavirus pandemic, the financial world has been talking about a few more acronyms and abbreviations you might not know about.

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Markets Week Ahead: US Dollar, Euro, AUD/USD, S&P 500, Fed Symposium, RNC

The US Dollar gained against the Euro and Australian Dollar as FOMC minutes dented risk appetite this past week. Ahead, all eyes are on the Fed’s annual Economic Policy Symposium and the RNC for ca...

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XAG/USD Forecast: Dollar Strength Brings Silver to its Knees

Silver slides into key area of support as USD strengthens

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British Pound (GBP) Latest: A Subdued Start to the Week, US Dollar Drivers will Steer GBP/USD

Sterling opens the week around 1.3100 against the US dollar and may find further upside a struggle with little UK economic data this week to drive GBP-pairs.

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Crude Oil Prices May Rise But Trump, Powell Speeches May Cap Gains

Crude oil prices seem to be supported by an upswell in market-wide risk appetite but pivotal speeches from Donald Trump and Jerome Powell may emerge as headwinds.

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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...