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XE Market Analysis: Europe – Aug 18, 2020
The dollar continued to soften, which pushed the USD index (DXY) to a low at 92.53, which is 1 pip shy of the 27-month low that was seen on August 6th. EUR-USD correspondingly rose to a 12-day peak at 1.1904, which is 13 pips shy of the pair’s 27-month peak. Cable rallied by 0.5% in […]
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XE Market Analysis: North America – Aug 18, 2020
The dollar has continued to weaken, which pushed the USD index (DXY) to a new 27-month low at 92.48. EUR-USD correspondingly rose to a 12-day peak at 1.1915, which is just 2 pips shy of the pair’s 27-month peak. Cable rallied by 0.5% in making a 12-day high at 1.3175, while EUR-GBP reversed most of […]
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XE Market Analysis: Asia – Aug 18, 2020
The DXY hit a 27-month low of 92.13 at mid-morning in N.Y. on Tuesday, down from 92.56 into the open. USD selling interest has perked up for the past few session, as the market frets over the lack of progress being made on the COVID front in the U.S., which has clouded the economic outlook, […]
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DAX 30, CAC 40 Lost in Ranges, Resistance Lies Ahead
European indices, unlike the U.S. markets, are struggling to gain any ground at this time, becoming lost in choppy price action; bias though is still slightly positive.
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Australian Dollar Outlook: Aussie Rally at Risk into Trend Resistance
Australian Dollar is attempting a ninth weekly rally with Aussie now testing multi-year trend resistance. Here are the levels that matter on the AUD/USD technical chart.
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Silver Price Forecast: Rangebound for Now, Bull Flag? – Key Levels for XAG/USD
Silver prices have stabilized after rebounding at trendline support from the coronavirus pandemic low in March.
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New Zealand Dollar Price Outlook: Kiwi Recovery May be Short-lived
New Zealand Dollar is trying to snap a three-week slide but remains at risk just below key resistance. Here are the levels that matter on the NZD/USD weekly chart.
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XE Market Analysis: Europe – Aug 17, 2020
The narrow trade-weighted USD index edged out a 10-day low at 92.92. EUR-USD correspondingly whittled out a 10-day peak at 1.1869. Cable traded firmer from Friday’s closing level but remained comfortably shy of Friday’s high at 1.3144. USD-JPY ebbed to within 3 pips of Friday’s six-day low at 106.43. AUD-USD lifted to a 10-day peak […]
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XE Market Analysis: North America – Aug 17, 2020
The narrow trade-weighted USD index edged out a 10-day low at 92.89. EUR-USD correspondingly whittled out a 10-day peak at 1.1869, while Cable traded firmer from Friday’s closing level, but remained comfortably shy of Friday’s high at 1.3144. USD-JPY ebbed to a six-day low at 106.22. AUD-USD lifted to a 10-day peak at 0.7196. The […]
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XE Market Analysis: Asia – Aug 17, 2020
The Dollar was lower to start the week in N.Y. with persistent USD weakness coming from various crosscurrents, including the lack of a stimulus bill, COVID uncertainty, and political uncertainty ahead of the November elections. The DXY hit a low of 92.78, down from 93.10 highs ahead of the open. This marked the lowest in […]
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US Dollar Crowded Shorts at 9 Year High, Beware FOMO Traders – COT Report
A crowded USD Short Trade Needs a Topside EUR/USD and GBP/USD Break for Another Leg Lower in the Dollar.