EUR/USD Rebound Takes Shape Amid Failure to Test Monthly Low

EUR/USD may continue to retrace the decline from the yearly high (1.2011) as the exchange rate appears to be reversing course ahead of the monthly low (1.1696).

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Bitcoin Outlook Buoyed by Inflation Expectations, Biden Lead

Bitcoin prices may continue to track higher on the back of Democratic presidential nominee Joe Biden’s lead in the polls and rising inflation expectations.

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S&P 500 Falls With Stimulus Hopes, ASX 200 Gains as RBA Touts Easing

Wall Street stocks fell a second day on stalling fiscal stimulus efforts, which overshadowed strong corporate earnings. Australia’s ASX 200 index surged after the RBA hinted at more easings.

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British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

GBP/USD is extending its Tuesday losses caused largely by stalled vaccine trials and a lack of agreement on a US stimulus package that have both helped lift the safe-haven US Dollar.

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EU Stoxx 50 Index at Risk as Europe Tightens Covid-19 Restrictions

Europe’s benchmark EU Stoxx 50 index is at risk of reversing lower as a record increase in coronavirus infections threatens to upend the Euro-zone’s economic recovery.

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Crude Oil Struggles to Hold Gains as Fiscal Talks Stall, Dollar Strengthens

WTI crude oil prices erased earlier gains on Wednesday and consolidated at around US$ 40.00 amid souring market sentiment. A stalling fiscal stimulus effort and rising US Dollar weighed.

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Gold Price Consolidation Brings Monthly Low on the Radar

Failure to test the monthly low ($1873) may set the stage for a larger recovery as the price for gold clears the opening range for October.

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Dow Jones Falls, SGD Gained on MAS Policy, Hang Seng Eyes Xi's Speech

The Dow Jones retreated from a six-week high despite big US banks posting solid earnings. Singapore’s GDP missed estimates; monetary policy stayed on par. Xi’s Shenzhen speech is in focus today.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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USD/CAD Bullish Outside Day Price Formation Indicates Larger Rebound

USD/CAD may trade within a more defined range as the bullish outside day (engulfing) candle formation points to a larger rebound in the exchange rate.

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GBP/USD, EUR/USD, DXY: Charts & Technical Analysis

Cable chart is titled bullishly, Euro tentatively so, while the DXY works its way back towards a major long-term test.

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EUR/USD Remains Under Pressure as ZEW Data Fuels Uncertainty

EUR/USD continues to struggle to break higher and the latest weak ZEW report will weigh further on the pair.

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Japanese Yen Forecast: CAD/JPY, GBP/JPY Levels to Watch

Dips in CAD/JPY remain supported, while GBP/JPY is on Brexit headline watch.

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British Pound (GBP) Latest: Trending Higher Despite UK Unemployment Rise

The trend higher in GBP/USD that began last week is looking increasingly significant, suggesting more gains to come despite poor UK unemployment data.

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S&P 500 Index Approaches Resistance Ahead of 3Q US Earnings Season

The S&P 500 index’s three-week rebound may be running out of steam as a delay in a promising Covid-19 vaccine trial gnaws at investors’ sentiment.

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Gold Price Recoil From Chart Resistance as the US Dollar Strengthens

Gold prices retreated from chart resistance level at the 50-Day Simple Moving Average (SMA) as haven demand fueled a rally in the US Dollar, weighing on precious metal prices.

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EUR/USD Clears Monthly Opening Range as ECB Shuns Euro Intervention

EUR/USD may continue to retrace the decline the yearly high (1.2011) as the exchange rate clears the monthly opening range.

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AUD Shows Muted Reaction to China Trade Data with US Election in Focus

The Australian Dollar dismissed disappointing trade balance data out of China as investors remain fixated on US Presidential Election developments.

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Nasdaq Leads Wall Street Gains, China A50 Surges as Xi Visits Greater Bay

Asia-Pacific equities opened broadly higher following strong US leads; big bank earnings are in focus. The China A50 may extend gains as Xi Jinping visits the Greater Bay Area.

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AUD/USD Unfazed by Ban on Australian Coal as Risk Appetite Improves

The improvement in risk appetite may keep AUD/USD afloat as the US Dollar reflects an inverse relationship with investor confidence.

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