USD/MXN is breaking out to the upside to resolve a short-term falling wedge. But there's a longer-term wedge that remains in-play - can bulls evoke a test?
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Monday, 25 January 2021
AUD/USD Monthly Range in Focus with Australia CPI, Fed Meeting on Tap
Key market themes may keep AUD/USD afloat ahead of the Federal Reserve’s first meeting for 2021 as US officials rely on their non-standard tools to support the economy.
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US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success - US Market Open
US Dollar awaits FOMC risk. Tech stocks outperform ahead of key earnings, while EUR/GBP eyes support.
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Euro Dollar Forecast: EUR/USD Bullish or Bearish Amid Major Events
EUR/USD remains at the discretion of major economic events
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Gold Price (XAU/USD) Unable to Break Through Technical Chart Resistance
Gold is starting the week little changed with a cluster of moving averages continuing to frustrate precious metal bulls.
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USD/JPY Price Analysis: Japan’s Tighter Lockdown and FOMC in Focus
USD/JPY approaches long-term descending trendline. Will the anticipated US stimulus proposal of $1.9 trillion send the currency pair lower?��
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CAC 40 Under Pressure as France Struggles to Contain the Virus
The 7-day rolling average remains above 20,000 in France despite strict measures to try and contain the virus
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British Pound (GBP) Latest: GBP/USD Upside Intact, EUR/GBP Outlook Bearish
GBP stands to outperform on vaccine rollout success. EUR/GBP rallies faded as key support nears.
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USD/ZAR Outlook: Rand Resilient Despite ANC Lekgotla and US Flight Ban
Seemingly detrimental weekend announcements for the Rand has not swayed the Emerging Market currency USD/ZAR is down 0.43% today. How will the week unfold with key data due this week?
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Sunday, 24 January 2021
DAX 30 Outlook: Eyeing Yearly High with Business Climate Data in Focus
Germany’s benchmark DAX 30 index may continue pushing higher, despite diminishing growth forecasts for 2021, as the number of daily coronavirus cases notably decreases.
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Gold, Crude Oil Outlook: Big Week Ahead with FOMC, US Q4 GDP in Focus
Gold and crude oil prices retreated slightly ahead of a busy week: the FOMC meeting, US 4Q GDP and core PCE inflation data may lead to heightened volatility in commodity 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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Bitcoin, Ethereum Outlook: ETH Poised to Outperform BTC in Near Term
The Bitcoin/Ethereum ratio’s break to its lowest levels since August 2018 suggests that ETH may continue to outperform BTC in the coming weeks. Key levels to watch for Bitcoin and Ethereum.
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S&P 500, Hang Seng, ASX 200 Outlook: FOMC, GDP, Earnings in Focus
Wall Street futures are edging higher on Monday, setting a positive tone for Asia-Pacific markets. Investors face a busy week ahead, with the FOMC meeting, US Q4 GDP data and corporate earnings in ...
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Markets Week Ahead: Nasdaq 100, US Dollar, Crude Oil, Fed, IMF, Tech Earnings
The Nasdaq 100 outperformed the broader market as the US Dollar weakened with crude oil prices. A busy week is ahead for markets, with Apple and Microsoft earnings, the Fed, GDP data, the IMF's Wor...
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Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead
The Dow Jones and Nasdaq 100 will look to key earnings from the likes of Apple, Tesla, Boeing and more while juggling a FOMC rate decision midweek. The DAX 30 awaits broader economic data.
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Saturday, 23 January 2021
Mexican Peso Forecast: USD/MXN Drifts Back Above 19.90 as it Holds its Range
Mexico continues to see record numbers in new virus cases as USD/MXN converges to the center of its range.
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Euro Week Ahead Forecast: EUR/USD Outlook Bullish, EUR/GBP Bearish
The Euro looks to have broken higher against the US Dollar but lower against the British Pound, trends that will likely continue in the days ahead.
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Gold Price Tracks Weakness in US Treasury Yields Ahead of Fed Meeting
The Federal Reserve’s first meeting for 2021 may do little to prop up the price of gold as the central bank relies on its non-standard tools to achieve its policy targets.
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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
The upcoming US economic calendar is loaded with high rated event risk, as well as the January Fed meeting – which unfortunately might not bring much volatility.
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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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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...