News
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XE Market Analysis: Asia – Aug 03, 2020
The Dollar added to overnight gains early in N.Y. on Monday, though later faded following mixed U.S. data, which saw the July manufacturing ISM print slightly better, along with disappointing June construction spending figures. The DXY rallied from 93.38 lows overnight to a N.Y. high of 93.99, later fading under 93.60. Wall Street advanced as […]
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XE Market Analysis: Europe – Aug 04, 2020
The dollar has been ebbing moderately lower into the London interbank open, though has largely remained above lows seen on Monday. The USD index (DXY) drifted to a 96.43 low after yesterday’s rebound capped out at a six-day high at 93.99. This has come amid a risk-on backdrop, which has propelled the MSCI Asia-Pacific index […]
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XE Market Analysis: North America – Aug 04, 2020
The dollar has ebbed, particularly against the euro and Australian dollar. EUR-USD lifted above Monday’s 1.1797 high in posting a peak at 1.1806, while AUD-USD came within a couple of pips of its Monday high at 0.7155. With USD-JPY holding a narrow range near 106.00, both EUR-JPY and AUD-JPY lifted, though both remained off their […]
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USD/MXN Rates Turn Higher – Does Bearish Breakout Potential Persist?
USD/MXN rates have warded off a potential significant breakdown, and now are turning higher back to key resistance – and former triangle support.
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Ripple Price Forecast: Key Chart Levels and Signals To Consider
Last week, Ripple rallied to a multi-month high. Will bulls continue moving the price higher or will bears come back?
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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Jul 10, 2020 when EUR/JPY traded near 120.79.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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DAX 30, CAC 40 Charts Flimsy, but Not Outright Bearish (Yet)
European equities are softer than the leading US stock market, but as long as the latter stays strong then the DAX/CAC won’t likely sag too far.
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Canadian Dollar Forecast: Loonie Liftoff or Letdown? Levels for USD/CAD & CAD/JPY
USD/CAD rates are starting to turn the corner, while CAD/JPY rates retain greater relative potential for topside resolution.
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Euro Dollar Outlook: EUR/USD Breakout Faces Key Fibonacci Resistance
A six-week rally takes Euro into a critical Fibonacci resistance zone at fresh yearly highs. These are the levels that matter on the EUR/USD technical charts.
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Natural Gas Forecast: Price Faces a Key Resistance Level
Yesterday, natural gas climbed to a multi-month high. Will bulls continue moving the price higher?
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