The ECB’s July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.
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Thursday, 8 July 2021
Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY
We're in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall.
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4 Effective Trading Indicators Every Trader Should Know
Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.
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S&P 500 Testing Fibonacci Support as MACD Eyes Crossover
S&P 500 price action is coming under pressure as the stock market pulls drops over -1% from all-time highs. Investors might look to defend nearside technical support, but a MACD crossover looms.
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AUD/USD Trades to Fresh 2021 Low as RBA Defines ‘Full Employment’
AUD/USD trades to a fresh yearly low (0.7417) as RBA Governor Philip Lowe defends the dovish forward guidance for monetary policy.
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Crude Oil Outlook: Brent Falls as Technicals Reflect Bearish Fundamentals
Crude oil fundamentals have been stacking up with vagueness around OPEC+, the Japanese state of emergency and rising US-Iraq tensions; all culminating in a bearish image on the Brent crude price ch...
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Mexico’s Annual Headline Inflation Cools, but Core CPI Jumps, USD/MXN Shrugs Off Data
Mexico's annual headline CPI cools modestly in June, but the core gauge soars to its highest level since December 2017, a sign that inflationary pressures are become more broad-based.
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ECB Strategy Review: ECB Sets Symmetrical Inflation Target
ECB announces new inflation target as expected. Lagarde to speak from 1330BST.
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Equities Resume Pullback: DAX 30 and FTSE 100 Face Critical Levels
The DAX 30 is a tempting a bearish break from its triangle whilst the FTSE 100 toys with key support
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Japanese Yen Forecast: USD/JPY Tracks Plunging US Rates, JPY Bears Vulnerable
Low yield FX outperform as US yields extend slide. Japanese Yen bears vulnerable to bigger drop.
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EUR/USD Near Three Month Lows Ahead of ECB Policy Review
EUR/USD is trading just above 1.1800 and traders will be keen to see the outcome of the ECB’s long-awaited Strategy Review later in the session
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US Dollar May Score Key Break vs. Aussie as Market Mood Sours
The US Dollar may score a key breakout against its Australian namesake as China clamps down on tech firms and the Fed frets out-loud about inflation.
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Wednesday, 7 July 2021
Silver Price Forecast: A Stronger US Dollar May Weigh on XAG
Silver prices traded lower as the US Dollar climbed to a 3-month high after June’s FOMC meeting minutes were released. Prices may continue to consolidate in a tight range with an eye on $25.50 for ...
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Crude Oil Price Outlook Remains Chained to OPEC+ Output Uncertainty
Growth-linked crude oil prices weakened over the past 24 hours, remaining depressed by OPEC+ output uncertainty despite a recovery in market sentiment. WTI is eyeing a key trendline.
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New Zealand Dollar Technical Forecast: NZD/CAD, NZD/CHF, AUD/NZD Key Levels
The New Zealand Dollar's stance against the Canadian Dollar, Swiss Franc and Australian Dollar look set to strengthen further as technical patterns and levels signal a bullish bias for the Kiwi Dol...
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Gold Price Forecast: Delta Variant a Possible Tailwind for XAU/USD?
The quickly-spreading Delta Covid variant poses a potential headwind for the economic rebound narrative. That bodes well for gold prices as it may temper Fed rate hike bets.
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S&P 500 Climbs after FOMC Minutes, Nikkei 225 and ASX 200 Open Mixed
The S&P 500 index closed at an all-time high as the FOMC minutes suggested that Fed officials are “patient” in tapering stimulus. Asia-Pacific markets are positioned to open mixed.
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Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output
WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has climbed in rece...
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New Zealand Dollar: Positive Job Ads May Provide Tailwind for Kiwi Dollar
The New Zealand Dollar is aiming higher against the US Dollar. Positive job ads for June is helping lift sentiment, though markets remain wary over the spreading Delta Covid variant.
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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3
Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.
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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....