American economist and former advisor at the Dallas Federal Reserve Danielle DiMartino Booth sits down for a conversation about the US economy.
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Wednesday, 4 August 2021
AUD/USD Post-RBA Recovery Remains Intact Ahead of US NFP Report
AUD/USD may stage a larger recovery ahead of the US Non-Farm Payrolls (NFP) report as it extends the series of higher highs and lows from the start of the week.
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EUR/USD Nosedives on Record US Services PMI, Clarida Remarks
EUR/USD price action just snapped sharply lower driven by an influx of US Dollar strength following a new record high for US Services PMI data and semi-hawkish remarks from Fed's Clarida.
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Gold Forecast: Gold Edges Higher Ahead of NFP
Gold and Silver edge higher ahead of Friday’s Non-Farm Payrolls (NFP) report. Will Gold be the inflation hedge of choice?
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Canadian Dollar Forecast: Crude Oil Drop Leaves Loonie at Risk
Canadian Dollar sentiment softens as crude oil drops 4% on the week. USD/CAD dips to find support.
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Find Your Forex Entry Point: 3 Entry Strategies To Try
Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.
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Gold Price Forecast: Monotony Continues in XAU/USD as Focus on NFP Increases
Gold is once again trapped in a tight range as Fed members point to job market for guidance
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New Zealand Dollar (NZD) Rallies Hard as Rate Hike Expectations Jump Further
The Reserve Bank of New Zealand is now fully expected to begin increasing interest rates in mid-August, boosting the appeal of the New Zealand dollar.
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British Pound (GBP) Price Outlook: GBP/USD Edging Higher Ahead of BoE
GBP/USD is extending its recent advance that began two weeks ago, and will likely challenge the 1.40 level if the Bank of England hints at tighter monetary policy Thursday.
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US Dollar at the Mercy of Economic Data, ADP Jobs Report in View
The US Dollar faces closely-watched economic data as the markets try to discern whether the Fed can make a case for scaling back stimulus. The ADP jobs report is next ahead.
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Tuesday, 3 August 2021
Crude Oil Prices Eyeing $70 Amid Viral Concerns, Small Stockpiles Draw
WTI crude oil prices are hovering below $71/bbl as traders mull the Covid-19 flareup around the world and its ramifications for energy demand. API reported a smaller-than-expected draw in crude inv...
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As a New Retail Trader Age Rises, Heed Tales of Past Manias
In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.
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Natural Gas Outlook: Warms Conditions Persist in the US and Europe, Gains Ahead?
Natural gas continues to look higher, as hot weather and drought conditions across the United States and Europe, help fuel the already strong demand narrative for the commodity.
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Dow Jones Rebound May Lift APAC Stocks, Alibaba Earnings Miss
Wall Street stocks ended higher on Tuesday amid robust US earnings and infrastructure hopes. Asia-Pacific markets followed higher on Wednesday despite regulatory concerns and Alibaba’s earnings miss.
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AUD/USD Analysis: Aussie Dollar Points Higher After Strong Chinese PMI Data
AUD/USD has been under pressure of late due to Covid lockdowns in Australia. Strong economic data from China may reverse that trend.
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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NZD/USD Wedge Breakout Back in Play on Stellar Q2 Jobs Report
The New Zealand Dollar is extending higher after a stellar second-quarter jobs report. China PMIs move into focus for today's Asia-Pacific session.
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Canadian Dollar Outlook: USD/CAD Hinges on Oil & Yields
The Canadian Dollar is trading on its back foot again with USD/CAD rising 100-pips over the last three sessions. Crude oil and bond yields are poised to keep guiding USD/CAD price action.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...