Gold’s resilience in the wake of fading fiscal aid hopes suggests that the price of Bullion may hinge on polling data ahead of US Presidential Elections in November.
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Friday, 9 October 2020
USD/CAD Price Forecast: Dollar-Cad Crushed, Finds Fibonacci Support
It's been a rough week for USD/CAD bulls, and the pair has re-engaged with another key zone of support. But can it hold sellers at bay?
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Crude Oil Trims Recent Gains as Market Flashes Overbought Warning
Brent crude has rallied nearly 10% this week (low to high) on a potent double of supply concerns and growing demand expectations.
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SA Rand Price Forecast: Bear Flag Hints at Continued ZAR Strength
The South African Rand has continued its recent gains vs a weaker dollar after breaking 16.5000. Bearish flag on the 4-hour chart supports a bearish outlook if validated
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EUR/GBP Testing Resistance Ahead of Pivotal EU Council Meeting
Next week’s European Council meeting (Oct 15-16) may well prove to be a turning point for EU/UK trade talks, but which path will it take?
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US Dollar Forecast: USD/CAD, GBP/USD, EUR/USD Levels to Watch
No news is good news for the equity space, while major FX pairs trade in ranges.
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Canadian Dollar to Outperform as BoC Dismisses Negative Rates
The Canadian Dollar looks poised to outperform the haven-associated Japanese Yen and US Dollar as the Bank of Canada talks down negative rates.
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GBP/USD Muted Following UK GDP, Brexit Latest Remains Dominant Driver
UK GDP misses estimates, GBP reaction muted amid key focus on Brexit latest
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Thursday, 8 October 2020
Crude Oil Prices May Be Capped By US Stimulus Uncertainty
Crude oil prices have enjoyed support amid renewed hopes for another round of US fiscal stimulus but follow-through is suspect as traders grapple with frequent policy reversals.
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Gold Price Bounces Back as Fed Prepares Outcome-Based Forward Guidance
The price of gold pares the decline from earlier this week on the back of US Dollar weakness as the Fed plans to provide a “more explicit outcome-based forward guidance.”
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S&P 500 Climbs to One-Month High, Nikkei 225 Breaks Key Resistance
US stock indices climbed to their one-month highs alongside a falling US Dollar after the vice presidential debate. Asia-Pacific equities may trade mixed as mainland Chinese markets resume trading.
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Indian Rupee, Nifty 50 Await RBI as USD/INR Downtrend Steadies
After being postponed, the Indian Rupee and Nifty 50 are awaiting the Reserve Bank of India later today. This is as USD/INR seems to be transitioning into a consolidative state.
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Nasdaq 100 at Key Resistance as Biden and Harris Surge in the Polls
The tech-leaning Nasdaq index closed just below key technical resistance as Biden and Harris surged in the polls following the vice-presidential debate.
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Dow Jones & Nasdaq 100 Wrestle With Resistance, Are They At Risk?
The Dow Jones and Nasdaq 100 have fully recovered from Tuesday’s reversal and are probing topside resistance as a result. If resistance holds, will they reverse lower yet again?
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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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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....