Australian Dollar Forecast: AUD/USD Rises as Post-CPI Bond Yield Drop Drags US Dollar

The Australian Dollar looks to close out a quiet session on a higher note following key economic data prints that left the market with little reaction.

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DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required

The DAX 30 and FTSE 100 have worked themselves into similar rising wedge patterns that may suggest a break lower is imminent. That said, such a breakdown may be difficult to establish given current...

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The ECB’s June meeting is in the rearview mirror, while the BOE is due up in two weeks’ time.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is down on the day despite the 5% inflation print from this morning. Attention is now shifting towards next week's FOMC.

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USD/CAD to Track June Open Range as Post-BoC Bounce Fizzles

USD/CAD may consolidate before resuming the downward trend from earlier this year as it gives back the bounce following the Bank of Canada (BoC) interest rate decision.

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Trading the Digital Yuan: The first central bank-backed digital currency

The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt inte...

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Central Bank Digital Currencies: If you can’t beat them, join them?

While cryptocurrencies boom, Central Banks the world over are jostling for supremacy in the CBDC race. Learn about Central Bank Digital Currencies (CBDCs) and how they could reshape the future of t...

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Oil Price Rally Pushes RSI Towards Overbought Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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U.S. Inflation Accelerates in May at Fastest Pace since 2008, Treasury Yields Tick Higher

The May CPI jumps 0.6% on a monthly basis and 5% annually, the fastest pace since 2008 as the economic recovery kicks into high gear and energy costs remains skewed to the upside.

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Breaking: ECB to Maintain PEPP Buying at Significantly Higher Pace

No fireworks for Euro as ECB sticks to the script

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Bitcoin (BTC/USD) Rallying Back - Tougher Tests Lie Ahead

Bitcoin is extending Wednesday’s rally - and outperforming the market as a whole – but stubborn resistance higher up may temper any further gains

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Euro Latest: EUR/USD, EUR/JPY Price Action Set Up for ECB Decision

ECB Doves Set the Bar Low for a Hawkish Surprise. PEPP Purchase Rhetoric Expected to be Maintained

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FTSE 100 Outlook: Picks Up Bullish Momentum Aimed at Breaking its Range

The FTSE 100 pushes towards 7,100 as buyers keep momentum going

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Seen Stable After US CPI, ECB

GBP/USD and EUR/GBP are unlikely to break out of their recent tight ranges despite today’s much-anticipated US inflation data and ECB decision on Eurozone monetary policy.

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Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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Crude Oil Prices Pull Below $70 as Rising Fuel Stockpiles Cools the Rally

Crude oil prices retreated from recent highs as a large build in gasoline fuel stockpiles dented sentiment, causing a pause in the rally. Yet the overall trend remains bullish-biased and the pullba...

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Gold Price Outlook: XAU/USD Eyes Fastest Expected Core Inflation Rate Since 1993

Gold prices may be at risk to the fastest expected pace of US core inflation growth since early 1993. If XAU/USD falls, rising support from March could maintain the upside focus.

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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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