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Thursday, 17 September 2020

British Pound (GBP) Latest: Bank of England to Set Path for GBP/USD, EUR/GBP

GBP will take its cue from Thursday’s monetary policy announcement by the Bank of England, which will keep UK interest rates unchanged but could hint at more stimulus.

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S&P 500 Index Faces Larger Pullback as FOMC Retains Fed Fund Forecast

The S&P 500 index faces a larger pullback as the FOMC retains its assessment of the “longer-run” neutral Fed Funds rate.

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Wednesday, 16 September 2020

EUR/USD Susceptible to Larger Correction as RSI Retains Downward Trend

The RSI indicates a larger correction for EUR/USD as the oscillator reverses ahead of trendline resistance to retain the downward trend carried over from the end of July.

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Australian Dollar Blossoms on Strong Local Jobs Data, Better Times Ahead?

The Australian Dollar jumped after local jobs data showed a better-than-expected print, though AUD/USD gains may be curbed by tension with China.

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Nasdaq 100 Falls Post-Fed Meeting, Hang Seng and Nikkei Eye BOJ, BoE

The Nasdaq 100 index fell 1.25% despite that the Fed signalling no rate hikes through to 2023. Asia-Pacific equities look set to open mixed ahead of BOJ and BoE rate decisions.

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NZD/USD Rate Outlook Unfazed by 12.4% Decline in New Zealand GDP

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Crude Oil to Rise? Biden-Trump Spread Widens, WTO Issues US Tariff Ruling

Crude oil prices rose despite a key ruling by the WTO that may complicate future US-China trade relations under another four years of President DonaldTrump.

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Dow Jones Forecast: Upbeat FOMC Projections Might Broaden Stock Rally

Raised economic projections from the Federal Open Market Committee may allow the US stock market rally to extend into other areas outside of technology. As a result, the Dow Jones might benefit.

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USD Price Outlook: US Dollar & VIX Advance Following the Fed

US Dollar aims higher with the VIX ‘fear-gauge’ in the wake of Fed Chair Powell and FOMC officials staying sidelined on monetary policy decisions as the central bank monitors a fragile economic bac...

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Gold, Dollar & Nasdaq React to FOMC Decision, Fresh Projections

The September 2020 FOMC press statement just crossed the wires and shows that the Fed decided to leave rates on hold as expected, but updated economic projections are weighing on markets.

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US Dollar Price Forecast: USD Descending Triangle for FOMC

The US Dollar has built into a descending triangle ahead of today's FOMC rate decision - will USD bears get another run at the lows?

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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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South African Rand Forecast: USD/ZAR, GBP/ZAR, EUR/ZAR Setups

South African Rand strengthens testing key Fibonacci levels

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Gold Price Latest - Clinging on toTrend Support as FOMC Looms Into View

The price of gold continues to nudge higher and holds onto a strong multi-month trend support line. Fed chair Jerome Powell’s commentary, post-FOMC decision, will guide the next move in the preciou...

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US Dollar Drifting Lower, What to Watch Out for FOMC Meeting

Market participants appear to be gearing for a dovish FOMC as the US Dollar is pushed lower.

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British Pound (GBP) Latest: GBP/USD Shrugs off Inflation Data, Steady Pre Fed

GBP/USD held steady in early European trading Wednesday despite a sharp fall in UK inflation. Its next move will depend on the outcome of the Federal Reserve and BoE policy meetings.

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USD/JPY Poised to Extend Slide as FOMC Rate Decision Shifts Into View

The USD/JPY exchange rate seems poised to extend its 8-day decline from the monthly high as the FOMC interest rate decision shifts into focus.

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