Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven't yet let up as a short-term range has built.
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Thursday, 24 June 2021
Oil Price Outlook Hinges on OPEC JMMC Meeting
The price of oil may face headwinds ahead of the OPEC JMMC meeting on July 1 as the group appears to be on track to restore production throughout the rest of the year.
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GBP/USD Drops as BoE Disappoints Calls for Hawkish Surprise
BoE leaves policy unchanged as expected. 8-1 vote split disappoints GBP bulls looking for a hawkish surprise.
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EUR/USD Finding Short-Term Resistance Tough to Break, US Data to Drive the Next Move
EUR/USD is struggling to pull back recent losses and further lows may be on the horizon if US data shows inflation becoming increasingly sticky
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FTSE 100 Outlook: Trendline Support Becomes Resistance as Momentum Shifts
The FTSE 100 falls below key resistance as bearish pressure increases
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Bank of England Preview: How Will the Pound (GBP) React?
BoE to maintain policy settings, while risks lean towards a more hawkish statement.
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US Dollar (USD) Price Outlook: Friday's US Inflation Data to Determine Next Move
The US Dollar will likely trade narrowly ahead of Friday’s US core PCE data, the Fed’s favorite measure of inflation, which will likely determine the next major move for the currency.
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How to Trade After a News Release
Looking to trade post release? Read on for more on approaching volatile conditions after news events.
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Natural Gas Forecast: Prices Rise as US Heat Wave Drives Demand Narrative
Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring.
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Wednesday, 23 June 2021
Top 10 Candlestick Patterns To Trade the Markets
Discover the 10 most reliable candlestick patterns for trading the financial markets.
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Gold, Crude Oil Price Forecast: Fed Narrative May be Challenged on US PCE, Durable Goods
Gold and crude oil prices may see volatility in the days ahead with several potentially high-impact events on tap, with PCE looking to cap off the week.
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
The June FOMC is in the rearview mirror, and Fed policymakers are attempting to shape the narrative around what exactly normalization means.
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S&P 500 Retreats as Investors Mull Tapering, Hang Seng and ASX 200 May Fall
The S&P 500 index pulled back slightly as several Fed officials gave hawkish signals. The 2-year Treasury yield climbed to a 14-month high. APAC markets opened mixed.
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Bitcoin (BTC) Analysis: Dead Cat Bounce After Death Cross, or New Bull Market?
The formation of a “Death Cross” on Bitcoin’s daily chart paints a bleak picture for the cryptocurrency, following a test of yearly lows around $28,800.
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New Zealand Dollar Forecast: NZD/USD Testing Key Moving Average as Price Rebounds
The New Zealand Dollar is on track to record a third consecutive daily gain against the US Dollar despite Fed tapering fears driving the US Dollar broadly higher. Traders are shifting focus to the ...
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GBP/USD Price Outlook: Pound Sterling Eyes BoE Rate Decision
GBP/USD price action in focus with overnight implied volatility readings elevated as markets await event risk posed by the Bank of England rate decision scheduled for Thursday, 24 June at 11:00 GMT.
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Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause
High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower.
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Bank of England Preview: How Will the Pound (GBP) React?
BoE to maintain policy settings, while risks lean towards a more hawkish statement.
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EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory
EUR/USD may stage a larger rebound over the remainder of the week as the RSI bounces back from oversold territory to indicate a textbook buy signal.
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Manufacturing Activity Surges to a Record High, but Services PMI Cools, US Dollar Retreats
June Manufacturing activity jumps to a record high of 62.6 from 62.1 in May whileServices PMI slows down to 64.8 from 70.4 in the previous month.
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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....