The cryptocurrency market is in full swing with prices across the board showing hefty gains, led by Bitcoin breaking back above $50k.
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Thursday, 2 September 2021
British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Both Close to Reversing
GBP continues to move in opposite directions against USD and EUR: gaining against the Dollar but weakening against the Euro. However, resistance is nearing and both trends could soon reverse.
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Australian Dollar Gassed Up But Iron Ore Drop Aborts Lift Off. Where To for AUD/USD?
AUD/USD tried to go higher today on good data news but iron ore is moving lower while other commodities firm up. Which way will AUD/USD go?
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Wednesday, 1 September 2021
Crude Oil Prices May Drop Back From $70 on US Jobs Report
Crude oil prices may turn lower having rebounded toward the $70/bbl figure if US jobs data flags a slowdown in hiring even as wage inflation remains elevated.
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Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears
Gold traders have the US jobs market in tight focus as rising Covid cases boost the yellow metal's safe-haven appeal. Initial jobless claims will offer the last hint on the US labor market before F...
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S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern
The S&P 500 ended flat, supported by the real estate sector after a soft ADP jobs report sent investors into tech stocks. The Nikkei 225 is eyeing a Descending Triangle chart pattern.
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British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD
The British Pound has been mixed in 2021 against it’s G10 peers. Here are technical setups for GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD.
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AUD/USD Path Brightens on Trendline Break Ahead of Trade Data
The Australian Dollar eclipsed a key level overnight as US stocks gained. Australia's trade balance report for July will cross the wires, which will provide key data to help gauge the country's eco...
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Nasdaq 100 Starts the Month with Bullish Bias & Ekes Out Record Close. Now What?
Nasdaq 100 starts the month with a positive bias and sets record closing high on the back of low U.S. Treasury yields, but downside risks continue to build in the near term.
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Oil Price Rebound Emerges as OPEC Keeps Crude Production Steady
Current market conditions may keep the price of oil afloat as OPEC remains reluctant to push production towards pre-pandemic levels.
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Nasdaq Flies to Record High with S&P500 Poised to do the Same, FTSE up
The Nasdaq was fastest out of the gates this morning posting a new all-time high with the S&P looking to do the same. FTSE up despite dropping from the daily high
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Gold Price Forecast: Gold Grinds Support as NFP Looms - XAU Levels
Gold price action has quieted to a veritable crawl, but that looks to be in anticipation of Non-farm Payrolls later this week. Can bulls strike another high for Gold?
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EUR/USD Stages Four Day Rally as ECB Adopts Hawkish Tone Ahead of NFP
EUR/USD stages a four-day rally as recent remarks from ECB Vice-President Guindos indicate a looming shift in the forward guidance for monetary policy.
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US Dollar Stucj to the Lows as Employment Contraction Offsets ISM Beat
ISM Manufacturing Beat Fails to Lift USD as Employment Component Contracts
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EUR/USD Breaking News: Uneventful European PMI and Unemployment Data
EUR/USD is making gains on the back off yesterday’s inflation data despite flat PMI and unemployment stats today. Hawkish ECB officials are creating a stir as they call for a reduced PEPP purchases.
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Gold Price Forecast: Gold Bulls Lacking Until Double Top is Cleared
Cautious tone for the precious metal as markets await key US data
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British Pound (GBP) Price Outlook: Near-Term Bullish for EUR/GBP
EUR/GBP could head higher in the hours ahead after European Central Bank Vice President Luis de Guindos suggested the Eurozone economy is growing faster than the ECB expected.
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Nikkei 225 Up on Japan Election News, Upbeat Australian GDP Cheers Markets. Risk On?
The Nikkei 225 moved higher as Japanese media suggested an election may come in October while solid Australian GDP data lifted risk assets. More of the same ahead?
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Tuesday, 31 August 2021
Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand
Crude and Brent oil benchmarks dropped in August as Covid-related demand fears dragged on sentiment. Energy traders are keenly focused on this week's OPEC+ decision, which may see supply reigned ba...
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...