Canadian Dollar Price Forecast: USD/CAD Tests Key Fibonacci Support

After eight consecutive weeks of gains, Loonie loses momentum after falling into key Fibonacci support

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ZAR Momentum Halted by Resurgent USD, JSE Top 40

The US dollar climbed back above 92.50, which has lifted USD/ZAR while the JSE Top 40 trades higher after yesterday’s bullish move.

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EUR/GBP Price Outlook: Support Broken as Euro Weakness Weighs Further

The ECB is becoming more concerned by a lack of price pressures, undermining the single currency, and sending EUR/GBP to a near three-month low.

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Crude Oil Prices May Not Capitalize on Draining US Inventories

Crude oil price may struggle to capitalize on EIA data showing another drawdown from US inventories last week as soft demand offsets production drop.

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FTSE 100 Bounces Off Support on Sterling Weakness and Risk-on Sentiment but Client Positioning Remains Heavily Crowded

The FTSE 100 has bounced back into its multi-week trading range, aided by a weaker Sterling and a robust bounce back in UK house prices. Bank of England and EU/UK trade commentary later in the sess...

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British Pound (GBP) Latest: GBP/USD Backs Off 1.35, May Try Again

GBP/USD has fallen back after almost touching psychological resistance at 1.35 Tuesday but remains well placed to challenge that level again, perhaps later this week.

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US Dollar Outlook: Congress Stimulus Bill Impasse May Fuel USD Recovery

The under-fire US Dollar may stage a recovery as the stalemate between Republicans and Democrats prolongs the delivery of much-needed fiscal stimulus.

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Gold Prices to Watch as RSI Rebounds From Lowest Reading Since June

The RSI may help to validate a continuation pattern in the price of gold as the indicator appears to be bouncing back from its lowest reading since June.

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Australian Dollar Spiked Lower as Australia Enters First Recession in 29 Years

The Australian Dollar spike lower after second quarter GDP confirmed the country had entered its first recession in almost 30 years.

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Dow Jones Climbs on Strong ISM Data, ASX 200 Eyes GDP Figure

The Dow Jones Industrial Average climbed 0.76% after the release of an upbeat ISM Manufacturing PMI reading. Australia’s ASX 200 Index fluctuated ahead of the 2Q GDP figure.

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USD/CAD Rate Eyes January Low as RSI Flirts with Oversold Territory

USD/CAD appears to be on track to test the January low (1.2957) as the Relative Strength Index (RSI) flirts with oversold territory.

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AUD/USD at 21-Month Swing High Despite Narrowing Trump-Biden Spread

AUD/USD is trading at a key inflection point, marked by the December 2018 swing-high. Could a narrowing Trump-Biden spread catalyze a pullback?

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VIX Index ‘Fear-Gauge’ Climbs as S&P 500 Surges to New Record

VIX Index ‘fear-gauge’ has conspicuously advanced alongside the S&P 500 over recent trading sessions as stocks push to new all-time highs into a period of seasonally elevated market volatility.

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Gold Price Forecast Remains Encouraging on Ever-Expanding Stimulus

The outlook for gold prices remains constructive as central banks give little indication that their efforts to revive their respective economies are near their end. Gold may benefit as a result.

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USD Price Action: US Dollar Tests Big Support - EUR/USD, GBP/USD

The US Dollar is starting off September with a support test at a major level, and this seems inextricably linked to EUR/USD testing 1.2000.

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Nasdaq 100 Price Gains Continue as Tesla Stock Soars Despite Bubble-Like Conditions

The Nasdaq 100 is driving higher again this week as exuberant stocks like Tesla help bolster the tech-heavy Nasdaq. That said, concern may be warranted as gains have become increasingly targeted.

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US Dollar Claws Back Losses on Solid Manufacturing PMI Data

The US Dollar is attempting to go green as USD price action leaps higher in response to the latest manufacturing PMI data released by the Institute of Supply Management, which topped market estimates.

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EUR/GBP Price Forecast: EURGBP Trades to 12 Week Low, Euro CPI data

The EUR/GBP pair has traded lower after failing to test the June high but there remain challenges to both currencies as Brexit talks stall.

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