Bitcoin fell beneath $18,000 for the first time since late November and tagged a new low for December in the process. While the technical outlook remains encouraging, risks to the rally have grown.
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Wednesday, 9 December 2020
NZD/USD Rate Approaches Monthly Low as RSI Sell Signal Emerges
NZD/USD approaches the monthly low (0.7006) as the RSI falls back from overbought territory, with the indicator offering a textbook sell signal.
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USD/ZAR Price Analysis: Rand Soars After Q3 GDP Beats Estimates
USD/ZAR Breaks below key level of support following positive GDP Figures
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Euro Rate Forecast: Retracing Gains Ahead of ECB Meeting - Levels for EUR/USD, EUR/JPY Rates
The Euro continues to give back some of its recent rally, but key technical levels suggesting that the bullish breakout attempts have failed have not been triggered.
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Canadian Dollar Outlook: USD/CAD Slides on BoC Rate Decision
USD/CAD price action drops to fresh session lows as the Canadian Dollar strengthens in immediate response to the latest Bank of Canada interest rate decision.
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Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA
The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).
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AUD/USD Upside Persists, NZD/USD Remains Overbought
The two tedious and neverending narratives regarding Brexit and US fiscal stimulus talks continue to dictate sentiment
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USD/JPY Forecast: Yen Consolidates within Bearish Rectangle Pattern
As we close out 2020, will the USD/JPY pair continue to consolidate or breakout of the rectangle pattern?
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FTSE 100, IBEX 35 Forecasts: Brexit Talks, ECB Meeting in Focus
European equities regain buyer support as key events take place this week
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British Pound (GBP) Latest: Brexit Talks go to Brussels, GBP/USD Pushes Higher
GBP/USD has recovered nearly all of this week’s losses and is back above 1.3400 again as UK PM Boris Johnson and EU Commission President Ursula von der Leyen meet later in Brussels.
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Canadian Dollar Outlook: Wait-and-See BoC May Fuel CAD Upside
The Canadian Dollar may continue to outperform its haven-associated counterparts as investors eye the Bank of Canada’s upcoming monetary policy meeting.
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Gold Prices May Struggle Despite Chart Break if US Yields Rise
Gold prices edged past chart resistance, seemingly opening the door for a rise back above the $1900/oz figure. Upside progress may be difficult if bond yields rise however.
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Tuesday, 8 December 2020
Swiss Franc Analysis: CHF/JPY, CAD/CHF, NZD/CHF Key Chart Setups
The Swiss Franc's technical posture appears to be reaching a decisive momentagainst the Japanese Yen, Canadian Dollar, and New Zealand Dollar.
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Core-Perimeter Trading Model: US, Eurozone & China
The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...
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Nasdaq 100, S&P 500 Hit New Highs on Bipartisan Stimulus Bets. ASX 200 to Rise?
The Nasdaq 100 and S&P 500 hit new highs as policymakers inched closer to a bipartisan stimulus deal ahead of a vaccine rollout. APAC equities may rise, but ASX 200 momentum is fading.
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EUR/USD Rates May Dismiss ECB Easing and Extend Push to Yearly Highs
The Euro appears poised to continue pushing higher in the near term despite the prospect of further monetary policy easing from the ECB at its upcoming December meeting.
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New Zealand Dollar Forecast: NZD/USD May Pause Before Eyeing New Highs
US indices pushed higher Tuesday following positive news on Capitol Hill surrounding stimulus talks between lawmakers. Despite the risk-on market tilt, NZD/USD is struggling to advance beyond multi...
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USD Price Outlook: US Dollar Selling Subsides - Levels to Watch
USD price action edged higher across the board during Tuesday's trading session as US Dollar selling pressure subsides. What might be in store for the DXY Index ahead?
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AUD/USD Rate Outlook Hinges on Looming RSI Signal
AUD/USD consolidates after trading to a fresh yearly high (0.7454), RSI may show the bullish momentum gathering pace as it flirts with overbought territory.
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Australian Dollar Forecast: AUD/USD Looks to Extend Gains Above 0.74
AUD/USD may look to continue higher as USD weakness seems to persist across the board and the Australian Dollar enjoys gains from a recovering global economy. What can stop it?
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...