The British Pound may extend its fall ahead of the upcoming Bank of England rate decision. GBP/USD and GBP/JPY eyeing a retest of the July lows.
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Sunday, 13 September 2020
Dow Jones Futures Climb With Nikkei 225 and Hang Seng, LDP Election in Focus
Dow Jones Industrial Average index futures are extending Friday’s gains alongside Asia-Pacific stocks. Japan’s LDP election will decide who will replace Shinzo Abe as the Prime Minister.
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EUR/USD at Pivotal Juncture, Biden-Trump Spread Narrows
EUR/USD is trading at critical chart support as Biden’s lead over Trump narrows amid growing US-China tension over hot-button technology disputes.
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Markets Week Ahead: S&P 500, British Pound, Brexit Woes, US Dollar, Fed
US equities, such as the S&P 500 and Nasdaq 100, finished their worst 2 weeks in months as the US Dollar gained. No-deal Brexit woes are coming back to haunt the British Pound ahead of the BoE. Wil...
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Nasdaq 100 Price Forecast: Fundamental Elements Remain Upbeat
The Nasdaq 100 index has retraced over 9% from its all-time high as profit-taking activities ramped up amid US-China tensions. Fundamental elements, however, tell a different story.
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USD/MXN Week Ahead: FOMC Tailwinds Could Lead to Volatile Trading
The Mexican Peso continues to outshine the Dollar, but USD/MXN is still 14% higher than the beginning of the year
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Saturday, 12 September 2020
Euro Forecast: EUR/USD Set Fair to Reach Highest Levels Since Spring 2018
If ECB President Christine Lagarde was hoping to curb the strength of EUR/USD last week, she failed. Instead, the pair is now well placed to reach new two-year highs above 1.20.
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Gold Price Outlook: FOMC Rate Decision May Ignite XAU/USD Uptrend
Gold prices may turn higher ahead of the upcoming FOMC rate decision, despite plateauing inflation expectations and a lack of progress in Congressional stimulus talks.
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US Dollar Weekly Forecast: ECB Avoiding a Currency War, Eyes on Fed's New Mandate
All eyes on the Fed as they update guidance to fit their new mandate. While the ECB want to avoid a currency war.
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Friday, 11 September 2020
Oil Price Approaches June Low Ahead of OPEC JMMC Meeting
The price of oil approaches the June low ($34.27) ahead of the OPEC’s September meeting as US crude inventories unexpectedly increase for the first time since July.
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Australian Dollar May Fall on Jobs Data, Economic Plateauing, China Tension
The Australian Dollar may pull back as domestic economic activity and local inflation prospects plateau as geopolitical tension with China heats up.
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US Equities Forecast: Nasdaq 100, S&P 500, Dow Jones Price Setups
After US equities suffer their second week of losses, price action consolidates around key Fibonacci levels
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DailyFX Education Summit: Trade Your Market
The DailyFX Education Summit will be held online from September 15 to September 17. Register now!
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EUR/USD Price Outlook - A Fresh 30-Month High May Prove Difficult
The European Central Bank will carefully monitor the exchange rate but suggested yesterday that they will look through any short-term appreciation of the single currency despite its negative effect...
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British Pound Latest (GBP) - EU Gives UK Brexit Ultimatum
GBP/USD plunges, while EUR/GBP benefits from the best of both worlds.
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US Dollar Outlook: DXY May Extend Losses Ahead of FOMC Rate Decision
The US Dollar Index (DXY) is at risk of sliding lower ahead of the Federal Reserve interest rate decision on September 16.
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Thursday, 10 September 2020
EUR/USD Analysis: Wait-and-See ECB Guidance Keeps August Range Intact
EUR/USD may continue to track the August range following the ECB meeting even though the RSI retains the downward trend carried over from the end of July.
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Dow Jones May Lead Hang Seng, Nikkei 225 lower Post ECB Disappointment
The Dow Jones Industrial Average fell 1.45% as optimism faded quickly following ECB’s neutral tone. Sour sentiment may lead the Hang Seng and Nikkei 225 index lower today.
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Silver Coils Up for Breakout as Biden Builds Lead vs Trump, Relief Bill Stalls
Silver prices may be coiling up for a breakout as the Biden-Trump spread widens while Congress fails again to agree on the framework for another coronavirus relief bill.
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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....