News
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XE Market Analysis: Asia – Jul 24, 2020
The DXY fell to fresh 22-month lows of 94.36 in N.Y. on Friday, marking the fifth-straight session of lower daily highs and lows. The Dollar appears to be relinquishing its role as a safe-haven currency over the past several sessions, as another risk-off session did not support the USD as had been the case for […]
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Silver Price Forecast: Long-term Bottom Confirmed – Key Levels for XAG/USD
Silver prices have exploded higher over the past week, and the latest technical drive to the topside may have confirmed the long-term bottom process.
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Australian Dollar Outlook: AUD/USD Breakout Gives- Exhaustion Ahead?
Australian Dollar closed a five-week winning streak with the Aussie breakout soaring to fresh 2020 highs. Here are the levels that matter on the AUD/USD technical chart.
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Oil Price Forecast: Break Above June High Knocks Out Bearish RSI Trend
The price of oil may stay afloat going into the end of July as it clears the June high ($41.63), while the RSI appears to be breaking out of a bearish trend.
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US Dollar Forecast: Pivotal Week Ahead, DXY at a Big Spot
The Dollar decline could soon come to a halt if major price and trend support can hold, but if broken a much broader decline may be underway.
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Gold Price Forecast: Gold Goes Boom, Bulls Drive Fresh Highs
Gold prices put in their seventh consecutive week of gains and pushed up to the 1900 level for the first time in almost nine years. But can it last?
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XE Market Analysis: Asia – Jul 23, 2020
The DXY fell to levels last seen in September of 2018 in N.Y. on Thursday, as virus fears become heightened, and sentiment on U.S. growth going forward continues to slip. Today’s jobless claims were quite a bit higher than forecasts, which dented the Dollar, weighed heavily on stocks, and pressured Treasury yields. It will take […]
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XE Market Analysis: Europe – Jul 24, 2020
The yen has outperformed today as risk aversion took a firm grip on global markets. The dollar has so far failed to pick up safe haven demand, and has remained on a softening path. The narrow trade-weighted USD index (DXY) carved out a fresh 22-month low at 94.57. The dollar has lost appeal partly on […]
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XE Market Analysis: North America – Jul 24, 2020
The yen has outperformed as risk aversion took a firm grip on global markets, though the risk-off theme was paused by above-forecast readings in preliminary July PMI survey data out of Europe. The dollar has remained on a softening path, with the narrow trade-weighted USD index (DXY) carving out a fresh 22-month low at 94.57.
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Euro Technical Forecast: Will EUR/AUD, EUR/CHF, EUR/CAD Rise Next?
The Euro may rise against the Australian Dollar, will the Swiss Franc and Canadian Dollar also weaken against it? What levels of resistance do EUR/AUD, EUR/CHF and EUR/CAD face?
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Dollar Index Price Forecast: May Reverse Higher After Support Holds
This week, the US dollar index tumbled to a multi-month low. Will bears keep steering the price in the coming days or will bulls come back?
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Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Jul 01, 2020 when Germany 30 traded near 12,297.60.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
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USD/MXN – US Dollar Coiling Up vs Peso, Heading for a Breakout
The USD has been forming a congestion pattern versus the MXN, should soon lead to a breakout; levels to watch.
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Canadian Dollar Outlook: USD/CAD Plummets Towards Major Trend Support
A Canadian Dollar offensive takes USD/CAD towards key trend support and the focus is on a reaction just lower. Here are the levels that matter on the weekly price chart.
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