News
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XE Market Analysis: Asia – Aug 04, 2020
The Dollar attempted to rally early in the session on Tuesday, though it quickly turned lower through the remainder of the session. The DXY fell from early highs of 93.83, later bottoming at 93.34 in afternoon dealings. U.S. fiscal concerns appeared to be the driver of USD weakness. Chatter on the fiscal outlook stepped up […]
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XE Market Analysis: Europe – Aug 05, 2020
The dollar has remained soft while gold prices have spurted to a fresh nominal high at $2,040.55 (still a long way from a record peak in inflation-adjusted terms). Washington’s policy stalemate on another pandemic relief bill has remained a major source of concern to investors, and most Treasury yields have pushed further into historic low […]
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XE Market Analysis: North America – Aug 05, 2020
The dollar is down for a second day, while gold prices have spurted to a fresh nominal high at $2,048.00 (still a long way from a record peak in inflation-adjusted terms). Washington’s policy stalemate on another pandemic relief bill has remained a major source of concern to investors. Though stock markets found modest support on […]
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Silver Price Forecast: Gains Digested, New Highs Ahead? – Key Levels for XAG/USD
The silver price rally paused at the end of July as traders took profit and rebalanced their portfolio holdings. Are new highs now in reach?
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British Pound Under Clouds on Brexit Talks: GBP/USD, EUR/GBP, GBP/JPY
The politically-sensitive British Pound may wilt as ongoing Brexit talks fail to deliver meaningful results. In this environment, how will Sterling fare versus the US Dollar, Euro and Japanese Yen?
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Dow Jones, Crude Oil May Rise as USD/CAD Falls on Positioning Signals
IG Client Sentiment hints that the Dow Jones stock index and crude oil prices may accelerate higher while USD/CAD resumes its dominant downtrend. What are key technical levels to watch for?
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NZD/CAD Forecast: Price Faces a Key Support Level
Last week, NZD/CAD rallied to a multi-month high then declined after. Will bears steer the price lower or will bulls come back?
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Crude Oil Price Outlook: Trying to Break Strong Resistance
The price of WTI oil is trying to rise on through confluent resistance; risk trades stays strong it might just break on out.
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S&P 500 Just Behind the Nasdaq 100 in its Bid for a New High, Dow Jones Lags
The S&P 500 is very close to filling the corona-gap and seeing a record high, Nasdaq 100 keeps leading, while the Dow has some work to do.
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Ethereum Forecast: Price May Rally to the Monthly Resistance Level
This week, Ethereum climbed to a two-year high. Will bulls rally the price further?
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Bitcoin IG Client Sentiment: Our data shows traders are now at their most net-long Bitcoin since Jul 27 when Bitcoin traded near 11,220.88.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
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Canadian Dollar Outlook: USD/CAD Plummets to Major Uptrend Support
Canadian Dollar rallied 1% into the August open with USD/CAD eyeing key uptrend support at multi-month lows. These are the levels that matter on the technical charts.
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