The Euro looks headed higher versus the Dollar and Yen; line and levels to know.
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Tuesday, 6 October 2020
Market Sentiment Data Bullish for USD/JPY, AUD/JPY, EUR/JPY | Webinar
IG client sentiment data are warning of possible weakness in the Japanese Yen against many other currencies including the US Dollar, Australian Dollar, Euro and British Pound.
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ECB May Look at Additional Stimulus, Rate Cuts if Europe's Recovery Remains Unstable
European Central Bank (ECB) President Christine Lagarde warned today that the Eurozone economy may need additional stimulus measures including cutting rates further negative.
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US Dollar Ranging Amid Narrative Vacuum, AUD/USD Reacts to RBA
Amid the current narrative vacuum, FX markets are struggling for direction with major pairs trading in relatively tight ranges.
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British Pound (GBP) Latest: GBP/USD Still Trending Higher, Brexit Talks in Focus
GBP/USD is continuing the advance that began two weeks ago but is facing strong resistance. Brexit talks are ongoing, with the potential to shift Sterling in either direction in coming days.
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S&P 500 Index Outlook Dictated by Congressional Stimulus Negotiations
The S&P 500 index may struggle to extends its climb from the September low if Congress is unable to deliver a much-needed fiscal aid package ahead of the US elections.
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Monday, 5 October 2020
Gold Price Eyes $1,910 Resistance as Election Uncertainty Drags on USD
Gold prices oscillated at a key resistance level of US$ 1,910 after President Trump was discharged from hospital. A falling USD and election uncertainty may support precious metal prices.
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EUR/USD Recovery to Gather Pace as RSI Breaks Out of Downward Trend
The Relative Strength Index (RSI) indicates a further appreciation in EUR/USD as the indicator breaks out of the downward trend carried over from late July.
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Australian Dollar Rises as RBA Holds Steady Ahead of Federal Budget
The Australian Dollar spiked higher against its major counterparts ahead of the Federal Budget as the RBA retained its wait-and-see stance to monetary policy.
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Crude Oil Outlook: OPEC World Outlook Report in Focus After Price Spike
Crude oil prices, after surging the most since May, are eyeing OPEC’s annual World Oil Outlook report as US fiscal stimulus bets improved market sentiment.
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Dow Jones Climbs on Biden-Win Odds, Hang Seng Index Extends Gains
US stocks climbed to a two-week high alongside a falling US Dollar as markets seemingly priced in a Biden-win outcome. Asia-Pacific equities may follow US indices higher.
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British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid
The British Pound may come under intense selling pressure as the EU and UK remain divided over Brexit while President Donald Trump fights off the coronavirus.
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USD/CAD Rate Vulnerable Following Failed Attempt to Test August High
Recent developments in the Relative Strength Index (RSI) cast a bearish outlook for USD/CAD as the indicator snaps the upward trend established in September.
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How to Trade the Impact of Politics on Global Financial Markets
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
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EUR/USD Surged With Stocks on Election Polls, Fiscal Stimulus Hopes
EUR/USD spiked with equity markets as 2020 election polls show a growing spread between Biden and Trump along with hopes of future fiscal stimulus.
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Australian Dollar Outlook: Aussie Hinges on RBA Rate Decision Due
The Australian Dollar will likely be under the spotlight early Tuesday with AUD price action hinging largely on the scheduled Reserve Bank of Australia interest rate decision due at 03:30 GMT.
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US Dollar (USD) Presidential Election Performance May Prove Anything but Typical
We are heading into one of the most contentious US President elections in recent memory with a pandemic critically amplifying an already controversial polling. What has the US Dollar done in previo...
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USD Price Outlook: US Dollar Eyes Fed Speak, Stimulus, & Trump
The US Dollar extends its slide with an improvement in market sentiment over the weekend weighing negatively on the safe-haven currency, but USD price action looks ripe for more volatility ahead.
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Markets Week Ahead: Dow Jones, Gold, Oil, USD, Trump’s Infection, Stimulus?
The Dow Jones remained composed despite President Donald Trump's Covid infection, pressuring the US Dollar. Now crude oil and gold prices are eyeing a $2.2 trillion fiscal package, will it pass? Br...
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US Dollar Correction, GBP/USD Flips to Short, AUD/USD Longs Halved - COT Report
US Dollar short squeeze, GBP flips to net short, while AUD/USD longs are halved.
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...