GBP/NZD Forecast: Price Faces Critical Resistance Level
Last week, GBP/NZD tumbled to a multi-month low then rallied after. Will the pair resume bearish price action in the coming days?
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Gold Price Outlook: XAU/USD Rally Entering 6th Week– Breakout Levels
The gold price rally is entering a sixth consecutive week with the breakout stalling just below resistance. Here are the levels that matter on XAU/USD technical chart.
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EUR/USD Price Forecast: Levels to Consider Ahead of the EU Summit
This week, EUR/USD rallied to a multi-month high. Will bulls keep steering the price in the coming days?
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USD/MXN – Dollar Directionless vs Peso, Watch Risk Trends
The Dollar is flopping around across the board; against the Peso it faces an uphill battle as long as stocks stay firm.
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New Zealand Dollar Price Outlook: Kiwi Falters Near Six-Month Highs
New Zealand Dollar is poised to snap a three-week winning streak with Kiwi stalling at long-term resistance. Here are the levels that matter on the NZD/USD weekly chart.
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Canadian Dollar Forecast: USD/CAD Range in Need of Breaking
USD/CAD has been stuck in a range the past month, but at some point this will give-way to a move; levels and lines to watch in the days ahead.
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Euro Technical Outlook: EUR/USD RSI Approaches Overbought Zone
Another overbought reading in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in EUR/USD amid the bullish behavior seen in June.
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Hang Seng Index Technical Analysis: 25,000 The Critical Level to Watch
The Hang Seng Index is set to test a key support at 25,000 after falling 2.3% last week, wiping out almost two weeks of gains and entering into consolidation.
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Japanese Yen Forecast: Net-Long JPY Bias May Fuel AUD/JPY, EUR/JPY
The AUD/JPY and EUR/JPY exchange rates may rise as IG Client Sentiment shows increasing net-long Japanese Yen exposure.
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Sterling Price Outlook: Pound Contracts Below Critical Resistance
Sterling is poised to snap a two-week winning streak with GBP/USD holding just below critical resistance. Here are the levels that matter on the weekly chart.
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Crude Oil Price Struggles For Momentum- Brent Oil Forecast
This week, Crude oil surged to a multi-week high then fell after. Will Brent oil resume bullish price action in the coming days?
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US Dollar Technical Forecast: USD Meets Big Support – Can Bulls Hold?
The US Dollar has pushed back down to a key support level that’s helped to hold the lows since March of 2019. Can sellers finally pose a downside breach?
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Gold Price Forecast: XAU/USD – Eyes on Key Neckline Support
Last week, Gold traded in a sideways move creating lower highs with higher lows. Here are the key chart points and signals to monitor in the coming days.
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EUR/USD Bulls Rise Amid EU Summit, CAD Sold on Rallies – COT Report
Speculative buying interest in the Euro picks up, Canadian Dollar sold on rallies. US Dollar selling persists.
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US Dollar Index (DXY) Charts: Pressuring Support, May Break Soon
The DXY index is pressing hard on support, a break may finally bring in momentum.
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Weekly Gold Price Forecast: Technicals Point to Higher Prices
No reason to cut corners and dance around the issue: gold prices remain on sturdy footing, both fundamentally and technically. New highs may emerge soon.
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EUR/JPY Forecast: Critical Technical Levels to Consider
Last week, Euro rallied to a multi-week high against Japanese’s Yen. Will bulls continue steering the price action?
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XE Market Analysis: Europe – Jul 15, 2020
The dollar and yen have remained on a softening track against most other currencies, while the euro has remained broadly underpinned amid expectations for EU leaders to green-light the proposed EUR 750 bln recovery fund this week. The pound managed to rebound after underperforming over the prior two days. Risk appetite has been buoyant, with […]
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XE Market Analysis: North America – Jul 15, 2020
The dollar has remained on a softening track against most other currencies, while the euro has remained broadly underpinned amid expectations for EU leaders to green-light the proposed EUR 750 bln recovery fund this week. The pound managed to rebound after underperforming over the prior two days. Risk appetite has been buoyant, with European and […]
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XE Market Analysis: Asia – Jul 15, 2020
The Dollar was under some pressure early in the session on Wednesday, taking the DXY to one-month lows of 95.78. The USD’s weakness was again attributed to the risk-on backdrop, which saw stocks and yields head higher, prompting the unwinding of safe-haven long USD positions. The surge in risk-taking came following news that Moderna’s experimental […]
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XE Market Analysis: Europe – Jul 16, 2020
The dollar has recovered most of yesterday’s losses. The narrow trade-weighted index lifted to a peak of 96.17, up from Wednesday’s five-week low at 95.78. The rotation higher in the U.S. currency was driven by a bout of risk aversion in global stock markets, which raised safe-haven demand for dollars. News that the Trump administration […]
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XE Market Analysis: North America – Jul 16, 2020
The dollar rallied to a two-day high in narrow trade-weighted terms, with the DXY index pegging a high at 96.32, extending the rebound from yesterday’s five-week low at 95.78. The rotation higher in the U.S. currency has been driven by a bout of risk aversion in global stock markets, which raised safe-haven demand for dollars. […]
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XE Market Analysis: Asia – Jul 16, 2020
The Dollar turned mostly lower through the N.Y. morning session on Thursday, though recovered in afternoon trade. The DXY dropped from 96.18 to 95.90 lows, then bounced to intra day highs of 96.32. Incoming U.S. data was mixed, seeing strong retail sales, though a very slow rate of decline in jobless claims, plus erosion in […]
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XE Market Analysis: Europe – Jul 17, 2020
Currencies have hunkered down in narrow ranges, with the dollar and yen consolidating after rising against most other units yesterday. Global stock markets are lacking direction, too. The persisting pandemic remains a concern for investors, and even though the lack of fresh cases in many reopened countries which experienced pronounced infections (including to no-lockdown, no-mask […]
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XE Market Analysis: North America – Jul 17, 2020
The dollar has weakened against the euro while holding within Thursday ranges against most other currencies. The common currency ran higher, despite Germany’s Merkel managing expectations into the start of the EU leaders’ summit on the EU recovery fund, saying earlier that “differences are still very big,” although remarking that there is a lot of […]
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XE Market Analysis: Europe – Jul 20, 2020
The euro has been in the outperforming lane amid signs that EU leaders are heading for a compromise on the EU recovery fund. The EU leaders’ summit has been dragging on since Friday, and will resume today at 14:00 GMT (10:00 ET). EUR-USD pegged a fresh four-and-a-half-month high at 1.1467, drawing nearer to the early […]
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XE Market Analysis: North America – Jul 20, 2020
The euro has been in the outperforming lane amid signs that EU leaders are heading for a compromise on the EU recovery fund. The EU leaders’ summit has been dragging on since Friday, and will resume today at 14:00 GMT (10:00 ET). EUR-USD pegged a fresh four-and-a-half-month high at 1.1467, drawing nearer to the early […]
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HeveaBoard’s prospects cushioned by resilient demand in Japan
“Our Japanese customers actually received a lot of urgent orders and thankfully, we were able to meet them.” — Yoong Hau Chun, HeveaBoard MD KUALA LUMPUR…