Blogs
EURUSD Weekly Analysis – Sunday, August 9
Article By:
ForexCycle
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Sunday, August 9, 2020 7:07 AM EDT
EURUSD extended its upside movement from 1.0635 to as high as 1.1916. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.2100 area.
GBPUSD Weekly Analysis – Sunday, August 9
Article By:
ForexCycle
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Sunday, August 9, 2020 5:06 AM EDT
GBPUSD’s upside movement from 1.1409 extended to as high as 1.3185. Further rise is still possible after a minor consolidation and next target would be at 1.3500 area.
The Ant And The Grasshopper: A Window Into Macro, Part I
Article By:
Marc Chandler
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Saturday, August 8, 2020 8:31 PM EDT
Even if there is an acknowledgment that the status quo is not desirable, it is not clear that there is a consensus on how to change it.
G10 FX Week Ahead: China, Reflation And The Dollar’s Slippery Slope
Article By:
ING Economics
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Saturday, August 8, 2020 8:02 PM EDT
EUR/USD looks as though it has entered a brief period of consolidation. Given the huge cross-correlation in reflationary assets these days (including a possible bubble in silver), the risk is growing of a short, sharp correction.
Are The Commercial Dollar Traders Early, Wrong, Or Neither?
Article By:
Mish Shedlock
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Saturday, August 8, 2020 6:53 PM EDT
Commercial traders are now net long the US dollar.
Gold Vs. Interest Rates And Treasuries: Who Wins Short Term, Medium Term?
Article By:
Taki Tsaklanos
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Saturday, August 8, 2020 5:57 PM EDT
At this point in time it looks like gold and silver did rise too fast, and need a break, after hitting our higher targets as per our 2021 gold forecast and 2021 silver forecast. This idea is confirmed by interest rates and Treasuries.
NZDUSD: A Dip Lower Will Find Bulls
Article By:
Elliottwave Forecast
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Saturday, August 8, 2020 3:54 PM EDT
NZDUSD remains bullish as long as the June 22 0.6378 low remains untouched. In this analysis of the NZDUSD pair, market patterns will be used to determine where price can possibly reverse and bounce higher from.
British Pound May Fall On Virus-Hit GDP Data, Brexit Stalemate
Article By:
DailyFX
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Saturday, August 8, 2020 1:33 PM EDT
The British Pound remains suspended by political angst over the resolution of a divorce agreement between the United Kingdom and European Union. Friction between EU and UK policymakers could cast a deep bearish shadow over the British Pound.
In this article: FXB
Yen May Rise As Nasdaq 100 Falls On US-China Tensions, Fiscal Woes
Article By:
DailyFX
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Saturday, August 8, 2020 12:46 PM EDT
The anti-risk Japanese Yen heads into an interesting week following the shift in market sentiment on Friday, August 7, as the tech-heavy Nasdaq 100 underperformed the Dow Jones and S&P 500. This is despite an optimistic US non-farm payrolls report.
USDCHF Rejects Lower Prices, Sees Recovery Higher
Article By:
FXTechstrategy Team
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Saturday, August 8, 2020 10:57 AM EDT
USDCHF faces risk of a further move higher after rejecting lower prices on Friday.
