The US Dollar Index (DXY) looks set to extend its slide to yearly lows on the back of renewed fiscal stimulus hopes and dovish rhetoric from several members of the Federal Reserve.
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Wednesday, 2 December 2020
Tuesday, 1 December 2020
Crude Oil Prices Eye Deeper Pullback on OPEC+ Doubts, Rising Stockpiles
Crude oil prices retraced further from recent highs as traders unwind expectations for an OPEC+ resolution to rein output. The American Petroleum Institute (API) reported a large build in crude inv...
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S&P 500 Hits Record High on Stimulus Hopes, Straits Times Index May Rise
Asia-Pacific stocks are poised to trade higher following strong US leads overnight. Renewed US stimulus hopes and prospects for herd immunity by summer next year buoyed risk appetite.
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Australian Dollar Forecast: AUD/USD Whipsaws on Upbeat AU GDP Print
The Australian Dollar is receiving a small boost following a better than expected Q3 GDP print, but upward price pressure is fading fast. On a quarterly basis, the Australian economy grew at 3.3% s...
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Silver Boosted on Renewed Stimulus Hopes, Equities Focus on AU GDP Next
December trading kicked off with the US Dollar breaching a new two-year low on renewed stimulus hopes. In turn, silver prices received a huge boost on stimulus-linked inflation outlooks.
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Winners in FX Markets After US Presidential Election: CAD & MXN
Both USD/CAD and USD/MXN rates showed significant weakness in the immediate reaction to the US presidential election results.
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Dow Jones Forecast for the Week Ahead
The Dow Jones enjoyed an almost parabolic climb in November which has since transitioned into a pattern of consolidation. With a largely constant fundamental landscape, technical levels might offer...
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AUD/USD Rate Fails to Test of 2020 High Ahead of Australia GDP Report
AUD/USD may trade within a defined range over the coming days as Australia’s GDP report is expected to confirm the first recession in nearly 30 years.
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US Dollar Breaches Big Support, Builds Evening Star on M1
It's been a brutal stretch for the Greenback since the Election last month. But there may be darker days ahead for USD bulls.
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Euro Rate Forecast: Bullish Breakouts Abound - Levels for EUR/CHF, EUR/JPY, EUR/USD
A new month brings new fortunes. The Euro is starting off December on strong footing.
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NFP and Forex: What is NFP and How to Trade It?
Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
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Gold Price Rebounds Ahead of July Low to Pull RSI Out of Oversold Zone
The price of gold appears to have reversed course ahead of the July low ($1758), with the RSI reflecting a textbook buy signal as it recovers from oversold territory.
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US Dollar Selling Renewed, GBP/USD Shorts Unwinding - COT Report
US Dollar shorts beginning to pick-up for the first time since September, while GBP/USD shorts unwind.
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USD/JPY Forecast: Yen Remains Robust with Bleak Dollar Outlook
Will the dreary Dollar continue to weigh in favor of the Japanese Yen as we enter into the final month of 2020?
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Market Sentiment May Stay Positive Throughout December | Webinar
Trader confidence has returned Tuesday after a down day Monday and may now stay strong for the rest of this month, which is often a positive one for risk sentiment.
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FTSE 100 Leads Gains in Europe, EUR/GBP Range Tightens as it Nears End of Triangle Pattern
After a spectacular month of November equities start the last month of the year on a positive note
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British Pound (GBP) Latest: GBP/USD Rallying on Hopes of Brexit Trade Deal
The rally in GBP/USD looks to be resuming after the pair’s slide late last week as hopes persist that a post-Brexit trade deal between the EU and the UK can be reached.
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Bitcoin (BTC) Eyes $20,000+, Ripple (XRP) Consolidating Record Volatility
The cryptocurrency bull run is on pause as coins consolidate their recent sharp gains, and the path of least resistance suggests further gains are likely
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Euro Outlook: EUR/USD Hitting Resistance, EUR/GBP Upside Faded
Euro dips remain supported, while EUR/GBP rallies are likely to be faded. German labour market strengthens yet again.
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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 ...