US Dollar Digestion: EUR/USD, GBP/USD Price Action Setups

The US Dollar has been digesting this week, and there may be a directional change on the horizon in EUR/USD and GBP/USD.

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Negative Interest Rates - Can They Stimulate The Economy?

Negative interest rate talk is now commonplace among central bankers across the globe. What are they and do they work?

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Euro Dollar Forecast: EUR/USD Rangebound Ahead of ECB Policy Meeting Accounts

EUR/USD clings to Fibonacci retracement level as price action awaits ECB minutes

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Gold (XAU/USD) Price Rattled by Rising US Treasury Yields

Rising US Treasury yields continue to cap bullish gold momentum with a series of short-term lower highs dominating the daily chart.

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New Zealand Dollar Forecast: NZD/USD, AUD/NZD Levels in Focus

RBNZ reiterates negative rate view. NZD/USD, AUD/NZD levels to watch.

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British Pound (GBP) Latest: GBP/USD Stable, Bailey Optimistic on Brexit Deal

GBP/USD will likely continue to trade sideways ahead of next Thursday’s crucial EU summit, which will discuss the post-Brexit relationship between the EU and the UK.

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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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