USD/CAD fell to its lowest level since April 2018 this week amid fresh USD weakness. Devoid of major nearby support, the pair could continue lower in the weeks ahead.
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Tuesday, 15 December 2020
Euro Forecast: Bull Flags Take Shape in EUR/JPY, EUR/USD Rates
Both EUR/JPY and EUR/USD rates have retained their bullish posture, even as the Euro lags its peers elsewhere.
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The Basics of Technical Analysis
This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.
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Bitcoin Forecast: BTC/USD Battle Between Bulls and Bears Persists
Bitcoin seeks direction after recovering prior losses
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Gold Price Outlook - Stuck in a Rut Ahead of FOMC Decision
Gold has been trading sideways this week with very little reason to breakout, one way or the other. Wednesday’s FOMC meeting may be the last chance to spark a move this year.
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IBEX 35, CAC 40 Forecast: Mixed Sentiment as Caution Returns but Hope Remains
Equity markets offer a mixed picture as investors remain cautious about rising infections but are hopeful about Brexit and US stimulus
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British Pound (GBP) Latest: Trending Lower, Waiting for Latest Brexit News
GBP/USD and EUR/GBP continue to fluctuate wildly, awaiting any news of an EU-UK trade deal before the Brexit implementation period draws to a close at 2300 GMT on December 31.
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EUR/USD, EUR/JPY Aiming Higher Despite Tightening Covid Restrictions
EUR/JPY and EUR/USD rates may continue to push higher in the near term despite the notable tightening of coronavirus restrictions in several European nations.
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Monday, 14 December 2020
Crude Oil Prices at 9-Month High as Traders Eye Stimulus, Vaccine Rollout
Crude oil prices are hovering at a 9-month high despite OPEC+ warning about a slower recovery in energy demand. A weaker US Dollar, the vaccine rollout and stimulus hopes buoyed prices.
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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP
Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.
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Dow Jones Pullback Sets A Sour Tone for Nikkei 225, ASX 200
The Dow Jones index pulled back for a second day while the Nasdaq 100 index gained 0.5% in a wake of Covid lockdowns. The Nikkei 225 and ASX 200 fell amid souring sentiment across the Asia-Pacific.
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US Dollar Outlook Dictated by Stimulus Talks Ahead of FOMC Meeting
The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.
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Australian Dollar Down Despite On-Trend Chinese Economic Data
The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.
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New Zealand Dollar May Rise After Pullback as Market Mood Brightens
The New Zealand Dollar may rise after a pullback from chart resistance, buoyed by firming risk appetite. Wall Street ended Monday mixed but progress on US stimulus may now lift sentiment.
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How to Manage the Emotions of Trading
Controlling emotions while trading can prove to be the difference between success and failure.
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USD Price Outlook: US Dollar Oscillates in Effort to Form Support
The broader US Dollar dropped to a fresh two-year low early Monday, but USD price action staged a notable reversal as market sentiment and risk appetite deteriorated throughout the session.
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Nasdaq 100 Price Outlook: Tech Stocks Remain Bright Spot Amid Weakness
The Nasdaq 100 reclaimed its spot as the leading US index in December, outpacing both the S&P 500 and Dow Jones thus far. The tech-heavy index trades narrowly beneath record levels as a result.
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NZD/USD Clears Monthly Opening Range to Push RSI Into Overbought Zone
NZD/USD clears the opening range for December, with the advance from the monthly low (0.7006) pushing the Relative Strength Index (RSI) back into overbought territory.
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US Recession Watch, December 2020 - Yield Curve Hides Slowing Economy
The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.
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Top 10 Candlestick Patterns To Trade the Markets
Discover the 10 most reliable candlestick patterns for trading the financial markets.
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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....