GBP/AUD has fallen steeply in recent weeks but is now approaching an important band of support as inflation concerns dominate global currency trading.
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Wednesday, 27 October 2021
Gold Price Chart Hints at Turn as Inflation Fears Crop Up on Earnings Calls
Gold price chart positioning hints a downturn may be ahead as worries about inflation crop up on Q3 corporate earnings calls, stoking Fed tightening speculation.
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Tuesday, 26 October 2021
Crude Oil Prices Hold Lofty Levels as US Dollar Softens on Rising Inflation and Yields. Where to for WTI?
WTI crude oil has managed to maintain high prices at a time when inflation concerns are growing. Will it keep going to drive up inflation even further?
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Australian Dollar Jumps as RBA Preferred CPI Beats Estimates. Can AUD/USD Go Higher?
The Australian Dollar reacted to 3rd quarter CPI numbers by immediately testing the upper bound of the recent range. Will AUD/USD resume the trend?
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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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Nasdaq 100 Edges Higher as Microsoft, Alphabet, Twitter Report Earnings
Nasdaq 100 stocks continue to power higher as sentiment remains strong with earnings season in full swing.
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Dow Jones Ekes Out Record Close as Earnings Boost Optimism. Will the Rally Continue?
The Dow Jones could have more upside potential in the near term as the fundamental outlook becomes more positive and the technical picture remains bullish.
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NZD/USD Rate Rebound Mired by RSI Sell Signal
The Relative Strength Index (RSI) indicates a larger pullback in NZD/USD as the oscillator falls back from overbought territory to offer a textbook sell signal.
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Gold Price Forecast: Ahead of the Fed, the Gold Coil Continues
Gold prices are still digesting more than 14 months after setting the ATH. Next week's Fed meeting and the way that Gold behaves around that is key for future trends.
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EUR/USD Rate Consolidates with ECB Interest Rate Decision on Tap
The ECB interest rate decision may sway the near-term outlook for EUR/USD if the Governing Council adjusts the forward guidance for monetary policy.
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Return to Normalcy Harkens Shift in Retail Trading Era
It stands to reason that as we persist in a lower volatility environment, which incidentally may be good for a steady float higher in US equity prices, could also see the level of interest among re...
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USD Holds Steady, US Consumer Confidence Shows Surprise Increase
US Consumer Confidence Halts Three Month Decline. USD Steady Ahead of ECB, BoC and month-end
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Market Sentiment Positive, Stocks Benefit While US Dollar Eases | Webinar
Trader confidence remains high and that means current trends, in particular stronger stock markets and a weaker US Dollar, will likely persist for a while yet.
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USD Sold, GBP/USD Flips Net Long & CAD Buying Boosted – COT Report
USD sold for second consecutive week, asset managers seek GBP ahead of possible BoE rate rise. CAD longs jump.
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Canadian Dollar Outlook: Bank of Canada will Drive the Next Move in USD/CAD
The Bank of Canada is fully expected to leave rates untouched tomorrow, but traders should be wary of official inflation and bond-buying commentary.
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Crypto Update: Bitcoin (BTC) and Ethereum (ETH) Aim for ATH as Rally Continues
Cryptos are back on the rise as investors continue to buy the dip ahead of new all-time highs
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British Pound (GBP) Price Outlook: GBP/USD Gains Unlikely Ahead of BoE Rate Decision
GBP/USD continues to trade just under the psychologically important 1.38 level, with further upside limited ahead of the Bank of England’s next interest rate decision on November 4.
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Australian Dollar Skips Up on Soft US Dollar and Positive Risk. Will it Go Higher?
The Australian Dollar moved higher today as risk assets appreciated on solid company earnings reporting a thawing of China/US relations. Can AUD/USD keep going?
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Monday, 25 October 2021
Gold Prices Eye Consumer Confidence Data as Technical, Positioning Signals Clash
Gold prices rallied to wrap up Monday ahead of key US CB Consumer Confidence data. Technical analysis hints at near-term weakness, but retail trader positioning says otherwise.
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Copper Price Rallies on Shrinking Chinese Inventories, Supply Chain Bottlenecks
Copper prices declined on lower than expected inventories in Shanghai warehouses on Monday as fears over a global supply shortage take center stage.
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Posts (Atom)
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....