The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback
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Saturday, 5 December 2020
Friday, 4 December 2020
Euro Forecast: EUR/USD Consolidation Due as ECB and EU Leaders Meet
After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council.
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Australian Dollar May Extend Gains Despite Escalating China Trade Tensions
The Australian Dollar may dismiss escalating trade tensions with China and continue moving higher as the easing of coronavirus restrictions accelerates the nation’s economic recovery.
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US Dollar Steadies After Disappointing November US Jobs Report
The disappointing US labor market data has boosted speculation that US Congressional leaders will finally agree to another tranche of fiscal stimulus.
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South African Rand Dollar Forecast: USD/ZAR Stands Firm as Risk-On Sentiment Prevails
The Rand stands strong against the USD as an increase in risk appetite weighs on the Dollar
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GBP/USD Weekly Forecast: Is a Brexit Breakthrough Imminent?
GBP/USD breaks to fresh YTD highs to hit 1.35 as markets price in a Brexit. Markets remain on tenterhooks.
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EUR/USD Outlook Unfazed by NFP Report as RSI Sits in Overbought Zone
The EUR/USD rally appears to be unfazed by the NFP report, with the RSI sitting in oversold territory for the first time since August.
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US Dollar Whipsaws on Soft Non-Farm Payrolls Report
Softer NFP report reaffirms case for fresh fiscal stimulus, while Fed is expected to tinker bond purchases.
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Canadian Jobs Report Beats Expectations
November's Employment Change prints at 62k vs. forecast of 20k, Unemployment Rate falls to 8.5% vs. forecast of 8.9%.
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Sterling Latest: GBP/USD Prepares for Brexit and NFP Event Double
GBP/USD has given back most of Thursday’s gains and is now preparing for a US non-farm payroll and Brexit endgame double.
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FTSE Mid 250, IBEX 35, CAC 40 Forecasts: Bullish Momentum Stalls
Vaccine and Brexit news continue to be the dominating themes in European equity markets
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EU Stoxx 50 Index at Risk on Vaccine Hiccup, ECB Tempering Expectations
Europe’s benchmark EU Stoxx 50 index could be at risk of a near-term pullback as Pfizer slashes its vaccine production targets and the ECB tempers easing expectations.
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Thursday, 3 December 2020
Gold Prices Turned? Crude Oil Looking to Extend Gains After OPEC+ Deal
Gold prices confirmed a break above a wedge, looking to extend gains as US non-farm payrolls near. Crude oil surged after an OPEC+ output deal, supported by signals in moving averages.
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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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Nikkei 225, ASX 200 Hover At Recent Highs Ahead of Nonfarm Payroll
Asia-Pacific stocks whipsawed near their recent highs on mixed sentiment. Congress moved closer to strike a stimulus package, while Pfizer slashed its vaccine distribution forecast for this year.
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Australian Dollar Outlook: AUD/USD May Rise, Overbought Conditions Eyed
Sentiment continued to lift across markets, pushing AUD/USD to fresh multi-year highs in the New York trading session. Meanwhile, the US Dollar's downward spiral intensified. A lack of data prints ...
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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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FX Week Ahead: November Canada Jobs Report & USD/CAD Rate Forecast
The November Canada employment change and unemployment rate are due out on Friday, December 4, at 13:30 GMT.
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Gold Price Rebound Brings Former Support Zone on Radar
The price of gold faces a key test as the rebound from the November low ($1765) pushes the precious metal up against a former support zone.
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Japanese Yen Outlook: USD/JPY Bias Remains Lower, Key Support Eyed
USD/JPY bias remains lower, however, US yield rise offsets short-term pullback .
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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 ...