Gold Price Trend Favors Downside, Crude Oil Eyeing OPEC Report Next

Gold prices gained as the US Dollar fell on rising stimulus hopes, but the XAU/USD technical outlook favors the downside. Crude oil prices are eyeing the OPEC World Outlook report.

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EUR/USD Outlook Unfazed by FOMC Minutes as Risk Appetite Improves

EUR/USD appears to be unfazed by the Federal Open Market Committee (FOMC) Minutes even though the central bank warns of a protracted recovery.

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NZD/USD Rate Weakness to Persist as RSI Retains Downward Trend

NZD/USD struggles to retain the advance from the September low (0.6512), and the bearish price action may persist as the RSI retains a downward trend.

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Nasdaq Whipsawed by Fiscal Stimulus Talks, Vice Presidential Debate Ahead

The Nasdaq continues to seesaw with other equity indices over ambiguity of fiscal stimulus developments ahead of the first and only vice presidential debate.

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Gold Price Forecast: Precious Metal Backs off Resistance, Pauses Break Out

After testing resistance earlier this week, gold has since fallen back into the depths of a descending wedge that might keep gold prices contained for the time being. Still, the longer-term outlook...

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US Dollar Defends Session Lows Following September FOMC Minutes

The US Dollar searches for a relief bounce off session lows following ominous remarks found in the September FOMC minutes just released. Where is USD price action and the DXY Index headed next?

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Crude Oil Technical Outlook: Oil Price Struggling Below 50-DMA

Oil price action remains turbulent as the commodity swings wildly within a 10% trading range in a matter of days, but downward pressure might prevail as crude fails to eclipse its 50-day moving ave...

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USD/JPY Analysis: USDJPY Surges, Postponement of US Stimulus Talks

President Donald Trump advised his team to walk away from stimulus negotiations until after the election. USD/JPY has seen a sharp rise but faces stern near term resistance

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FTSE 100 Brewing Up for a Breakout as Technical Indicators Come Together

The FTSE 100 remains rangebound as COVID-19 and Brexit themes play out, but a breakout may be on the cards as a clutch of moving averages converge.

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US Rates Bear Steepening as Markets Price in US Election Biden Sweep

Sizeable bear steepening in recent sessions indicates that markets are pricing in a blue wave.

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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 Stable as Brexit Deadline Nears

GBP/USD continues to trade sideways, and may well continue to do so ahead of the key European Council meeting next week, when Brexit will be top of the agenda.

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US Dollar Price Outlook Buoyed by Haven Flows Ahead of FOMC Minutes

The US Dollar Index (DXY) may extend its rebound from the yearly low ahead of the FOMC meeting minutes as haven inflows intensify in the absence of additional fiscal aid.

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Crude Oil Price Forecast: Upside Capped by Stronger USD, Demand Concerns

WTI crude oil prices swung lower following President Trump’s abrupt call to halt fiscal stimulus talks, dampening the energy demand outlook. WTI faces strong resistance at its 100-Day SMA.

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AUD/USD Rate Swayed by Swings in Risk Appetite with RBA on Hold

AUD/USD broadly tracks the recent weakness in risk appetite as the Reserve Bank of Australia (RBA) interest rate decision sparks a limited reaction.

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Silver and Copper at Risk as Trump Pulls the Plug on Fiscal Aid Talks

President Donald Trump’s abrupt decision to pull the plug on Congressional stimulus negotiations may weigh on silver and copper prices in the near-term.

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Nasdaq 100 Weighed by Halted Stimulus Talks, ASX 200 Tests 50-Day SMA

US stocks plummeted in the last tradinghour as President Trump abruptly halted stimulus talks. The US Dollar resurged on haven demand, sending shockwaves to Asia-Pacific markets.

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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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Gold Price Rebound Unravels as Trump Seeks Post-Election Stimulus Bill

Swings in risk appetite may continue to influence the price of gold as US President Trump tweets that “immediately after I win, we will pass a major Stimulus Bill.”

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USD May Rise After Trump Called for Post-Election Delay in Stimulus Talks

The US Dollar may rise at the expense of stocks and growth-anchored assets after President Donald Trump announced a delay in bipartisan stimulus talks until after the election.

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