British Pound (GBP) Latest: More GBP/USD Weakness Ahead of Sunak Speech

GBP/USD is continuing to slide on a strong US Dollar as traders wait for a speech by UK Chancellor Rishi Sunak in which he will announce new plans to support jobs through the winter.

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Dow Jones Industrial Average Eyeing 200-DMA as Risk Appetite Abates

The Dow Jones Industrial Average looks poised to slide back to its 200-day moving average as risk appetite continues to evaporate in the absence of additional stimulus

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Crude Oil Prices Swing Lower on Demand Concerns, Strong USD

Demand concerns and a rising US Dollar sent crude oil prices lower on Wednesday. Cloudy economic recovery prospects weighed on sentiment, despite falling US crude inventories.

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EUR/USD Rate Takes Out August Low as RSI Tracks Downward Trend

EUR/USD may face a further decline as it takes out the August low, while the RSI continues to track the downward trend carried over from the end of July.

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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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S&P 500 Breaks 23.8% Fibonacci, Hang Seng and Straits Times Fall

Asia-Pacific equities face a cloudy day ahead after a bloodbath US trading session. The US Dollar climbs, the VIX volatility index surges and risk assets are in a “risk off” mode.

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Market Outlook Ahead of the First Biden-Trump Presidential Debate

What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls?

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NZD/USD Forecast: Bearish Price Sequence Brings August Low on Radar

NZD/USD appears to be on track to test the August low (0.6489) as it extends the series of lower highs and lows from earlier this week.

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EUR/USD Selloff to Accelerate? Biden-Trump Race for Florida Tightens

EUR/USD crossed a key threshold, potentially marking the start of a deeper reversal as the spread between Biden and Trump in Florida tightens; but what does general election data indicate?

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Nasdaq 100 Forecast: Exodus from Tech ETF Has Worrisome Historical Parallel

The Nasdaq 100-tracking QQQ ETF saw its largest outflow since October 2000 on Friday, revealing conviction behind recent declines in technology stocks. Will outflows continue?

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USD/CHF Price Outlook: Swiss Franc Falls Sharply Ahead of SNB

The Swiss Franc has floundered over recent trading sessions as the US Dollar strengthens sharply, which has sent USD/CHF price action ripping higher headed into a monetary policy update from the SNB.

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DAX 30 Price Outlook: German Index Broke Trendline Support, Now What?

The DAX 30 broke beneath a pivotal trendline this week which may have opened the door to further losses. With equity weakness persisting, where might the DAX find secondary support?

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US Dollar Extends Rally as Global PMI Data Fans Volatility

The US Dollar is pushing higher against major FX peers on the back of discouraging global PMI data, and USD price action could sustain its rebound off two-year lows amid resurgent volatility.

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Gold Price Forecast: XAU Sinks to Support, Gold Fresh Monthly Lows

Gold prices flew up to a fresh all-time-high in early-August but, since then, matters have changed. This morning saw a fresh monthly low print in Gold.

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AUD/NZD Outlook: RBA vs RBNZ Monetary Divergence Wanes

AUD/NZD upside may struggle as RBA looks to ease policy further. RBNZ stands pat with little expected prior to NZ election.

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EUR/GBP Outlook: Freight Adds to Brexit Woes, UK PMI, Bullish Pennant

The UK government warned that EU bound freight trucks could face a 7000-truck-long queue at Kent - a major gateway to Europe - after the UK leaves the customs union

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British Pound (GBP) Latest: GBP/USD Will Likely Fall Further, FTSE Up

GBP/USD dropped through an important support level Tuesday, suggesting more losses are on the way. The next key support comes from the 200-day moving average at 1.2655.

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US Dollar Tracks Shift in Risk Sentiment Despite Powell Testimony

The US Dollar appeared to dismiss Federal Reserve Chair Jerome Powell’s recent testimony as Covid-19 ‘second wave’ concerns fuel haven inflows.

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Gold, Silver Price Forecast: Key Supports Broken as US Dollar Strengthens

Gold prices broke a key support level at US$ 1,910, as a rising USD Dollar weighed on precious metal prices. Silver prices drifted lower for a third day, eyeing key support at US$ 23.30.

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AUD/USD Rate Eyes August Low as RBA Outlines Monetary Policy Options

AUD/USD appears to be on track to test the August low (0.7076) as the Reserve Bank of Australia (RBA) provides further details regarding the options for monetary policy.

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