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Wednesday, 18 August 2021

AUD/USD Rate Tracks Descending Channel Ahead AU Employment Report

AUD/USD may continue to give back the advance from the November 2020 low (0.6991) as it trades within a downward trending channel.

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USD/ZAR Outlook: Risk-Off Sentiment Hampers Rand Ahead of FOMC

The environment for the rand and other emerging market currencies has not been conducive as of late as global factors turn markets away from riskier assets. How will the upcoming FOMC minutes contr...

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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NZD Surprise by RBNZ, SNB Focus on EUR/CHF Drop to Rise

EUR/CHF downside limited from current levels. RBNZ provides NZD surprise

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Euro Outlook: EUR/USD Just Holding On To 1.17 as EUR/GBP Attempts New Breakout

EUR/USD gets closer and closer to breaking below 1.17, EUR/GBP bullish run fizzles out above descending channel

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Gold Price Outlook – More of the Same Ahead of FOMC, Jackson Hole

Gold remains stuck in a wide trading range and needs a driver - will the latest FOMC minutes reveal anything of note?

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British Pound (GBP) Price Outlook: GBP/USD Rally Possible Despite Weak UK Inflation

GBP/USD edged higher Wednesday despite lower than expected UK CPI numbers, suggesting that a bounce is now possible after the pair’s slide that began late last month.

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US Dollar Eyes FOMC Minutes for Next Move. Where To for EUR/USD?

The US Dollar looks to minutes from July’s FOMC meeting for its next move. Covid held back the RBNZ from raising rates, providing some NZD volatility. Will EUR/USD support levels hold?

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Tuesday, 17 August 2021

Copper, Natural Gas Outlook: China Data Drags Copper. Hot Temps May Lift Natural Gas

Copper prices have come under pressure as weak economic data in China and the United States drags on the industrial metal. Meanwhile, natural gas prices may rise on higher mercury readings in the US.

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Gold and Silver Hold Breath for FOMC Minutes, Geopolitical Tensions in Focus

Gold prices hovered at around $1,788 during Wednesday’s APAC trade as traders awaited the release of FOMC meeting minutes. Geopolitical unrest in Afghanistan may buoy the demand for precious metals.

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New Zealand Dollar Drops as RBNZ Holds Back Rate Hike on Covid Flare-Up

The New Zealand Dollar sank after the RBNZ left the Official Cash Rate at 0.25%. A hike to 0.50% was expected. Will NZD/USD push lower through 0.6880?

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Nasdaq 100 Pulls Back as Retail Sales Miss, Asia-Pacific to Extend Lower

Wall Street stocks retreated broadly as US retail sales figures fell short of market expectations, spurring growth concerns. Traders are eyeing today’s FOMC meeting minutes for clues about the Fed’...

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USD/AFN Hits Record High as US Freezes Afghan Assets After Taliban Seizes Kabul

USD/AFN hit a fresh record high after the Taliban seized control of Kabul, prompting the US Government to freeze Afghan government accounts linked to the Federal Reserve and US banks.

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AUD/USD Drops as Economic Slowdown Fears Intensify, APAC Traders Eye RBNZ

The Australian Dollar dropped sharply versus the US Dollar after global sentiment nosedived on Covid slowdown fears. Wall Street followed APAC equities lower on a pullback in US retail spending.

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