Canadian CPI data sees the Loonie vulnerable to USD strength as expectations of rate hikes remain mixed.
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Wednesday, 17 November 2021
US Dollar (DXY) Posts a Fresh 16-Month High Ahead of a Cluster of Fed Speakers
The US dollar continues to push ahead and while the path higher remains in place, a clutch of Fed speakers over the rest of the week may influence short-term price action.
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Gold (XAU/USD): UK CPI Boosts Bullion, USD Strength Limits Gains
UK CPI print boosts demand for Gold but gains are limited by higher yields and corresponding US Dollar strength.
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FTSE 100 Forecast for the Week
FTSE 100 underpressure as the index tests psychological support. Sentiment warns of reversal lower.
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Euro (EUR) Price Outlook: No End Yet in Sight for EUR/USD Weakness
EUR/USD has reached its lowest level since July 2020 and could well slide even further after slicing through the support line of a downward-sloping channel in place since late May.
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The CPI and Forex: How CPI Data Affects Currency Prices
Find out how to use the Consumer Price Index to make informed trading decisions.
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Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?
The DXY US Dollar Index made a 16-month high as data supporting an economic recovery and hawkish Fed commentary lifted Treasury yields. Where to next for USD?
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Tuesday, 16 November 2021
GBP/USD Breaking News: BOE Rate Hike Almost Certain On Strong CPI Data
Markets have been awaiting the UK CPI figures to confirm the rate hike potential in December. Inflation came in above estimates and along with yesterdays strong UK jobs data, a 15bps hike is realis...
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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Black Friday & the Stock Market: Economy, Consumers & Shares
From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?
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Gold Prices Rise Post CPI, But US Dollar Strength Outshines. Will XAU/USD Go Higher?
Gold prices moved higher in the aftermath of a shock US CPI number last week, but market focus moved onto USD bullishness. Will gold hold the high ground?
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Crude Oil Forecast: Rising US Production, Potential SPR Release Weighs on Sentiment
Crude oil prices are on track to drop nearly 2% this week as US production ramps up and the Biden administration mulls a Strategic Petroleum Reserve (SPR) release.
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AUD/USD Eyes Australian Wage Data After US Dollar Strengthens on Retail Sales
AUD/USD fell overnight after a better-than-expected US retail sales report lifted Treasury yields. Meanwhile, natural gas prices surged following a regulatory spat of Europe's Nord Stream 2 pipeline.
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New Zealand Dollar Technical Analysis: EUR/NZD, NZD/CAD, NZD/JPY
Multiple New Zealand Dollar crosses look set for explosive moves out of flag formations. These are the technical setups that matter for EUR/NZD, NZD/CAD, NZD/JPY.
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S&P 500 Flirts with Record Close as Consumer Strength Boosts Confidence in the Economy
Strong U.S. retail sales data bolsters confidence in the economic recovery and increases appetite for risk assets, pushing the S&P 500 closer to its record high.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
King Dollar is the freight train that hasn't stopped, helped along by a nasty spill in the Euro which still hasn't found support.
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
Rates markets continue to get more aggressive with respect to the Fed’s taper and hike cycle – which is good news for the US Dollar.
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Top 8 Forex Trading Strategies and their Pros and Cons
Compare the pros and cons of different forex strategies, from day trading to position trading.
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Euro Forecast: Bearish Momentum Accelerates in EUR/GBP, EUR/JPY, EUR/USD
A plethora of negative developments in recent days has been plaguing the Euro.
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NZD/USD Rate Weakness Generates Negative Slope in 50-Day SMA
NZD/USD may continue to give back the advance from the October low (0.6877) as it trades back below the 50-Day SMA, with the indicator starting to reflect a negative slope.
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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 Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...