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Thursday, 4 November 2021

Crude Oil Price Outlook: WTI Eyes NFPs After OPEC+ Output Decision as Trend Breaks

Crude oil prices fell despite OPEC+ maintaining output hike trajectories for December. WTI is eyeing US non-farm payrolls as retail positioning offers a bearish contrarian outlook.

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The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

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Australian Dollar Forecast: AUD/USD Eyes RBA Monetary Policy Statement

The Australian Dollar fell versus the US Dollar overnight along with oil prices. The RBA's monetary policy statement is on deck for today's session.

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Swiss Franc Technical Analysis: GBP/CHF, AUD/CHF, NZD/CHF

Swiss Franc pairs continue to tumble, with GBP/CHF falling to fresh multi-month lows. These are some key technical setups for GBP/CHF, AUD/CHF, and NZD/CHF.

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Oil Fails to Fill Price Gap Even as OPEC+ Retains Production Schedule

The price of oil may face a further decline over the coming days as it struggles to fill the price gap from earlier this week.

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British Pound Price Action Setups: GBP/USD, GBP/JPY, EUR/GBP

The British Pound is getting crushed today after the BoE did not hike rates as many had expected. But which GBP pairs are prime for bearish continuation and which are optimal for a bounce?

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USD/CAD Rate to Face US and Canada Employment Reports

USD/CAD is likely to face increased volatility later this week as both the US and Canada are slated to releases updated figures surrounding the labor market.

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Gold Prices React to the Fed, Yields & Non-Farm Payrolls (NFP)

Gold prices have recovered a portion of losses after Fed rate decision. NFP remains a key catalyst for the imminent move.

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GBP/USD Tumbles After Bank of England Leaves UK Interest Rate Unchanged

The Bank of England’s monetary policy committee has unexpectedly left UK Bank Rate at 0.1%, sending GBP/USD sharply lower as a 15 basis point rate hike had been fully priced in by the markets.

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Japanese Yen Outlook: USD/JPY Consolidating, NFP Could Shake Things Up

The threat of tightening by the Fed has been suppressed for now leaving the U.S. dollar against the Japanese Yen in limbo as attention shifts to NFP data tomorrow. Fundamentals to dictate USD/JPY b...

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Crypto Update: Bitcoin (BTC) Struggles to Push Higher as Ethereum (ETH) Takes the Spotlight

Bitcoin hovers within a triangle pattern as Ethereum outperforms on the back of surging alt-coins

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US Dollar (DXY) Pushing Higher as The Fed Starts to Tighten

The Federal Reserve announced that they would start withdrawing their extraordinary stimulus measures this month, as expected, giving the greenback a mild bid.

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Bank of England Preview: How Will The Pound (GBP) React

Bank of England rate hike a close call. Aggressive market pricing raises bar to surprise on the hawkish side.

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GBP Price Outlook: GBP/USD Downside Beckons Despite Likely UK Rate Hike

The Bank of England is expected to raise UK interest rates today but GBP/USD will still likely lose ground as a 15bps increase to 0.25% has been fully priced in by the markets already.

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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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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Crude Oil Tanks Ahead of OPEC+ and Against Upbeat Tone Post FOMC. Can WTI Get a Grip?

Oil prices went lower today as stockpiles in the US were higher than anticipated and possible supply from Iran soothed markets. Will crude hold lofty levels?

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