News
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XE Market Analysis: Asia – Jul 22, 2020
Aside from USD-JPY, which rose modestly, the Dollar headed lower into the N.Y. open, and largely stayed down through the session. The DXY printed fresh four-plus month lows of 94.83. For data, U.S. existing home sales rebounded a record 20.7% to 4.720 in June following the -9.7% drop to 3.910 mln in May and the […]
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XE Market Analysis: Europe – Jul 23, 2020
The dollar has continued to track lower, despite a backdrop of flagging stock markets in Asia, although U.S. equities closed with moderate gains yesterday and S&P 500 futures are showing a modest rise in overnight trading. The narrow trade-weighted USD index (DXY) printed a fresh four-and-a-half-month high at 94.82, drawing in on the early March […]
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Gold Price Outlook: XAU/USD Technical Breakout Eyes 2011 Record Highs
A gold price breakout is underway with a seventh consecutive weekly rally now eyeing uptrend resistance. Here are the levels that matter on the XAU/USD technical charts.
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US Dollar May Rise, But Will Gains Last? USD/SGD, USD/IDR, USD/PHP, USD/PHP
The US Dollar may turn higher against the Singapore Dollar, Indonesian Rupiah and Philippine Peso. But, will it be able to overcome persistent and well-defined resistance levels?
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Australian Dollar Forecast: AUD/USD Price- A Risk of a Possible Reversal
This week, AUD/USD rallied to a multi-month high indicating that bulls were in control. Will the market mood continue upbeat?
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S&P 500 in Corona-gap, Dow Jones Lagging; Can Nasdaq Continue to Lead?
The S&P 500 is in the Corona-gap while the Dow has some work to do to reach; the NDX on the other hand is in a land of its own rallying to new record heights.
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GBP/NZD Forecast: Reversal Signals on GBP vs NZD Price Chart
This week, GBP/NZD tumbled to a multi-month low then rallied after. Will bears continue to control the price action or will bulls come back?
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Bitcoin IG Client Sentiment: Our data shows traders are now at their most net-long Bitcoin since Mar 05 when Bitcoin traded near 9,051.27.
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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Gold Price Forecast: All-Time Highs Come into Focus – Key Levels for XAU/USD
Gold prices completed their multi-year inverse head and shoulders pattern, but that doesn’t mean that more gains aren’t still yet ahead.
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Euro Dollar Outlook: EUR/USD Rips to Fresh 2020 High- Breakout Levels
Euro surged to fresh yearly highs this week with recent rally probing multi-year Fibonacci resistance. These are the levels that matter on the EUR/USD technical charts.
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XE Market Analysis: Asia – Jul 21, 2020
Risk-on conditions, driven by good news on the vaccine front and the EU deal on a pandemic recovery fund, saw the Dollar under pressure in N.Y. on Tuesday, taking the DXY to four-plus month lows of 95.20, down from early highs of 95.80. Unwinding of safe-haven flows weighed on all the major USD pairings. Wall […]
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XE Market Analysis: Europe – Jul 22, 2020
The euro, along with the Aussie and Kiwi dollars, posted fresh highs against the dollar and yen, despite a backdrop of flagging stock markets. EUR-USD reached its highest level since January 2019, at 1.1547, the culmination of what has now been a five-week rally. EUR-JPY pegged a fresh six-week high at 123.34. Most other euro […]
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XE Market Analysis: North America – Jul 22, 2020
A surge in the euro and a plunge in the pound have been the dominant theme in forex markets. The dollar and yen remained soft against most currencies, and the Australian and New Zealand dollars pegged fresh trend highs despite flagging risk appetite in global markets. EUR-USD surged to fresh 18-month highs above 1.1580, the […]