EUR/USD price action remains under pressure after breaching its 50-day moving average, but the Euro now collides with a critical technical support level near the 1.1700-handle.
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Tuesday, 22 September 2020
EUR/USD, AUD/USD, DXY Charts and Technical Outlook
EUR and AUD look headed lower as USD is poised to continue to strengthen in the days ahead.
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UK to Face Lockdown Rules for as Long as 6 Months, GBP/USD Volatility Persists - US Market Open
Turnaround Tuesday thus far, UK faces lockdown 2.0, GBP volatility persists.
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Market Sentiment Still Negative Towards EUR/USD, GBP/USD, AUD/USD | Webinar
Trader confidence remains poor in riskier assets like stocks, the Australian Dollar and Sterling, while even gold, silver and the Japanese Yen are dropping as the US Dollar attracts most haven buying.
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RBNZ Monetary Policy Decision: What to Watch Out For
RBNZ expected to maintain policy, while commentary on NZD will be particularly important.
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British Pound (GBP) Latest: GBP/USD at Risk of Sharp Fall if Support Breaks
GBP/USD is close to an important support level. If it breaks, the pair will hit a two-month low and further falls would be likely as a second coronavirus lockdown looms in the UK.
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EU Stoxx 50 Index at Risk as COVID-19 Second Wave Fuels Volatility
Europe’s benchmark EU Stoxx 50 index is at risk of extending its slide lower as Covid-19 ‘second wave’ fears trigger a surge in volatility.
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Monday, 21 September 2020
Crude Oil Prices Weighed by Demand Concerns, Rising US Dollar
Risk-off sentiment and a stronger US Dollar hit crude oil prices hard, as resurging coronavirus cases in Europe and potential lockdowns weighed on the energy demand outlook.
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US Dollar Struggles as S&P 500 Diverges With Emerging Market Capital
The US Dollar is struggling against ASEAN currencies despite weakness in the S&P 500. Capital remains flowing into emerging markets, keeping USD under pressure, could this change?
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Gold and Silver Vulnerable on Stagnating Stimulus Talks, USD Resurgence
Gold and silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin USD.
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Dow Jones Supported by 100-Day SMA, Strong US Dollar Sinks XAG/USD
Stock markets fell sharply as resurging Covid-19 cases in Europe soured risk appetite. Safe-haven demand drove up the US Dollar, which catalysed an 8% decline of silver prices.
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USD, GBP, EUR Volatility Ahead of Cross-Continental Geopolitical Risks
The US Dollar, British Pound and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit).
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USD/CAD Rate Tests Former-Support Zone for Resistance
USD/CAD has come up against the former-support zone around the March/June low (1.3315) as the decline in global equity prices coincides with the advance in the US Dollar.
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S&P 500 Teeters on Precipice as Trump Trails Biden in Swing States
The S&P 500 index may be on the verge of breaking down as Biden continues to lead Trump in swing states but faces a narrower margin in general election polls.
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AUD/USD Price Outlook: Aussie Defends 0.7200 Level as VIX Jumps
The Australian Dollar took a nosedive during Monday’s trading session due to a flareup in market volatility, but AUD/USD price action based around the 0.7200-price level as the VIX ‘fear-gauge’ sta...
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Nikkei 225 & ASX 200 Price Forecast: Stock Selloff Sees Support Broken
An abrupt reversal in risk assets has seen the Nikkei 225 and ASX 200 fall beneath nearby support, threatening further losses. Here are the levels to watch in the days ahead.
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Dollar vs Mexican Peso Outlook: USD/MXN Rally Eyes Trend Resistance
Mexican Peso is under pressure this week with a recovery in USD/MXN taking price into downtrend resistance. Here are the levels that matter on technical charts.
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Gold Price Breaks Lower as Risk Aversion Spikes and Volatility Soars
Gold suffered a bearish breakdown to start the week as risk aversion spiked across global markets. Typically viewed as a safe haven commodity, gold seems to have been caught in the crossfire.
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USD Price Outlook: US Dollar Ripping Higher as Markets Swoon
The US Dollar is advancing sharply as markets accelerate lower on the back of mounting risk aversion. Can USD price action continue its ascent or will the DXY Index recoil lower?
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Dow, Nasdaq Price Forecast: US Stocks September Slide Continues
Both the Dow and Nasdaq have shown different tonalities since the September open, with reversal tendencies showing after the blistering rallies that took hold through the summer.
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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...
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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....