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Weekly Trading Forecast: Fed Hopes Compete With Trade War Fears
The US dollar (USD) is biding time ahead of next week’s FOMC monetary policy decision where it is expected that Chair Jerome Powell will indicate that interest rate cuts are coming with the July meeting the most likely starting point.
Australian Dollar Won’t Be Spared By This Week’s Focus On The Fed
The Australian Dollar endured another punishing week last week but may not face a repeat performance in coming sessions if only because market focus is likely to be elsewhere.
US Dollar (USD) Weekly Forecast: Fed To Confirm Interest Rate U-Turn
While a 0.25% rate cut is fully priced-in for July, and should be fully signposted next week, the USD may well hold its value against its G7 counterparts who are suffering their own bouts of weakness.
Gold Price Explodes To Fresh Yearly Highs - Levels To Know
It’s been a brisk month of June already for Gold prices. After spending much of the prior three months in varying forms of consolidation, the past two weeks have seen a significant topside ramp develop as macro themes have moved into the spotlight.
Gold Price Rally May Be Set To Resume Rally To Fresh 2019 Highs
After a huge rally at the end of May and the beginning of June, gold prices have settled into an approximate $30 range over the past week.
Oil Weekly Price Outlook: Crude Crashes Into Fibonacci Support
Crude Oil is setting a clean monthly opening-range just above key Fibonacci support at six-month lows. While the broader outlook remains weighted to the downside, the decline may be vulnerable here near-term.
Oil Price Volatility Hints At Emerging Markets Fallout Risk
Oil prices are officially back in a bear market with crude oil dropping 21% since the commodity topped out near $66 per barrel on April 23.
US Dollar Price Outlook: USD Bounce Runs Into Resistance
The US Dollar continues to move higher in an almost begrudging fashion. Last week saw a big area of support come into play when the Dollar collapse ran into a Fibonacci level at 96.47.
S&P 500, DAX Outlook: Fed And ECB Pivotal To Short-Term Price Action
Calls for the Federal Reserve to loosen monetary policy have grown louder and louder since the breakdown in trade talks between the US and China in May with little to suggest that a deal will be struck in the short term.
Euro Braces For Finance Minister Meeting, Brexit Risk Rattles GBP
Against what is already a complicated political landscape in Europe, Euro traders will be anxiously waiting for commentary from Eurozone Finance Ministers.
Gold Price Outlook: Rally From Fib Support, Gold Nears ’Danger Zone’
Gold prices are holding near three-month-highs after the bullish ramp began two weeks ago.
Euro Price Outlook: EUR/USD Breakout Stalls – Trade Levels To Know
Euro has rallied nearly 2% against the US Dollar with the move fueling a breakout of multi-month channel resistance.
US Dollar Steadies As Fed Rate Cut Odds Stabilize - Calendar Driving Prices
After an exciting start to June, the second week of the month has been a lot less exciting. Case and point: the US Dollar (via the DXY Index) traded in a 1.04% range during the first three trading days of last week.
Euro Braces For Draghi Speech, USD May Fall On Local CPI Data
The Euro and US Dollar will be in for a tense 24 hours ahead as ECB President Mario Draghi prepares to speak in Frankfurt, Germany and global investors brace for the publication of US CPI data.
Aussie Weekly Price Outlook: Australian Dollar Battle Lines Drawn
The Aussie recovery failed at major resistance against the US Dollar last week with our focus on the near-term pullback in price.
Euro Price Analysis: Bulls Bring EURUSD Bounce, EURJPY Resistance
At this point, EURUSD is battling at a key area of resistance, and this was looked at last week ahead of the bullish move. This takes place around the 1.1325 area and helped to mark the April swing highs.
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