Inflation is expected to print at 5.8% tomorrow. How will the US Dollar respond?
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Tuesday, 9 November 2021
AUD/USD to Defend Monthly Opening Range on Upbeat Australia Jobs Report
AUD/USD may attempt to defend the monthly low (0.7360) as Australia’s Employment report is anticipated to show the economy adding 50K jobs in October.
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USD/JPY Outlook: Bull Flag Pattern Unravels Following Four Day Decline
The bull flag formation carried over from last month may continue to unravel with USD/JPY on track to mark a four day decline for the first time since August.
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Central Bank Watch: BOE & ECB Interest Rate Expectations Update
Rate hike odds are normalizing for the BOE after the November meeting, while the market seems to be ignoring the ECB’s guidance.
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Bitcoin (BTC/USD) & Ethereum (ETH/USD) Break ATH as Inflation Fears Rise
Bitcoin prices have retreated from the recent fresh ATH as the battle between inflation and employment persists.
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USD/ZAR Outlook: Rand Testing Key Levels as Focus Shifts to MTBPS
The rand has been on an upward trajectory of recent but the forthcoming MTBPS speech by Finance Minister Enoch Godongwana has the potential to challenge USD/ZAR bears.
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GBP/USD Price Outlook: Sterling Looks to Make up Lost Ground as Dollar Declines
The Pound looks to regain some strength against the dollar after last week’s massive Sterling sell-off due to overly-optimistic rates expectations
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EUR/USD Outlook Stable Around 1.1600 For Now
EUR/USD price action is currently being directed by the greenback and this looks set to continue in the near term.
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Fibonacci for a Multi-Market Trader’s Approach
Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.
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Gold Price Forecast: Gold Bulls Face Significant Hurdle, Brainard Bullish for Gold
Rising odds of Brainard as Fed Chair underpins the precious metal
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US Dollar Hit as Treasury Yields Fall. Fed Warns of Risky Asset Price, Will USD Rally?
The US Dollar gave up ground on the Federal Reserve's concern for risky asset prices and speculation of a change in leadership at the Fed. Where to for USD?
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Monday, 8 November 2021
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 Eyes Key Resistance With Fed Bets in Focus as CPI Nears
Gold prices have a key level of resistance in focus following last week's move higher. Fed rate hike bets are in the scope as US CPI data approaches. A hot inflation print may weigh on XAU prices.
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Dow Jones Gains as Nasdaq 100 Falls Post Infrastructure Bill, Nikkei 225 May Rise
The Dow Jones outperformed the Nasdaq 100, with Caterpillar shares seeing a boost from the 1 trillion infrastructure bill. Ahead, the Nikkei 225 may rise, eyeing a Symmetrical Triangle.
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NZD/USD May Rise on Upbeat Card Spending Data, Broader Sentiment
NZD/USD rose alongside US stocks as market sentiment brightened overnight. The Kiwi economy saw upbeat card spending data for October cross the wires this morning.
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Nasdaq 100 Lags Peers as AMC Earnings Kick off the Week in Style
The Nasdaq 100 closed slightly lower on Monday lagging both the Dow Jones and S&P 500, with AMC earnings capturing attention after the closing bell.
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Tesla Bounces After Gap, AMD Strikes a Meta Deal; S&P 500 Resistance
The Tesla fireworks continued even with Elon Musk talking up a possible sale of 10% of his shares. AMD caught a major bid after deal with Facebook/Meta was announced.
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EUR/USD to Stage Larger Recovery on Break of Monthly Opening Range
EUR/USD may stage a larger recovery over the coming days if the exchange rate clears the opening range for November.
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How to Read a Candlestick Chart
Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.
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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD
The BoC appears to be one of the more hawkish central banks at the moment yet the Canadian Dollar has been in relax mode for much of November.
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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 US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...
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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...