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Gold Price Target Hit: XAU/USD Rally Vulnerable Near-term

Posted: 24 Jul 2019 08:30 AM PDT

Gold prices pulled back from our first major resistance target with the broader rally at risk near-term. Here are the levels that matter on the XAU/USD charts this week.

Turkish Lira Price Outlook: USD/TRY Struggles to Push Higher

Posted: 24 Jul 2019 07:17 AM PDT

At the start of the week USD rallied against Turkish lira and pushed to a higher trading zone. Here are the levels USD/TRY likely to test in the few coming days

Top 5 Events - FX Week Ahead: July ECB Meeting & EUR/JPY Rate Forecast

Posted: 24 Jul 2019 07:00 AM PDT

The July European Central Bank rate decision and policy meeting will arrive on Thursday, July 25 at 11:45 GMT.

Crude Oil Prices Back in Contango, GBP Jumps as EUR/GBP Suffers - US Market Open

Posted: 24 Jul 2019 06:30 AM PDT

A new ECB stimulus package is on the way and today’s weak PMI figures simply supports the case for it. EUR/GBP continues drop, crude oil outlook softens as spread moves in contango.

Crude Oil Prices Bounce to Resistance - Can Bears Re-Take Control?

Posted: 24 Jul 2019 05:30 AM PDT

Crude oil prices have moved back up to a key zone of technical resistance. Can bears stage a move here, or will buyers continue to claw back prior losses.

Dow Jones, DAX, Gold Price Technical Analysis & More

Posted: 24 Jul 2019 04:30 AM PDT

Global indices are looking healthy and headed higher, but not without their downside risks; gold is trying to turn higher from support.

Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY Levels to Watch

Posted: 24 Jul 2019 04:10 AM PDT

USDCAD, CADJPY key levels to watch. USDCAD eyes key trendline, while CADJPY lacks near-term direction.

GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate

Posted: 24 Jul 2019 02:30 AM PDT

New UK Prime Minister Boris Johnson is facing a near-impossible task: delivering a Brexit deal. That could mean still more losses for GBPUSD, although the potential downside may now be limited.

USD/CHF, EUR/CHF Price Forecast: Levels and Thresholds to Monitor

Posted: 24 Jul 2019 02:27 AM PDT

Last week EUR/CHF and USD/CHF closed in the red, however this week the trend looks different. Here is how both pairs may perform, and the levels they could test.

AUDUSD Chart – Multi-week Correction May Be Near its End

Posted: 24 Jul 2019 01:27 AM PDT

AUDUSD has been stronger than other USD pairs but is set up to weaken again as the price action smacks of corrective since the June low.

EURUSD Hit by Weak PMI Data, ECB Needs to Get Aggressive

Posted: 24 Jul 2019 01:24 AM PDT

EURUSD remains under selling pressure after another set of weak Euro-Zone PMIs. The ECB meeting on Thursday now takes on increased importance will they stimulate the economy tomorrow or not?

EURGBP Technical Outlook Points to Lower Prices

Posted: 24 Jul 2019 01:01 AM PDT

EURGBP has a few technical developments which suggest it is headed for more weakness ahead.

Gold Price Pressing Resistance, Chart Set-Up Remains Positive

Posted: 24 Jul 2019 01:00 AM PDT

Gold continues to trade within a pennant set-up and nears another break of the upper trendline. A strong US dollar is keeping gold in-check but for how long?

Waning US Crude Inventories to Keep Oil Prices Afloat

Posted: 24 Jul 2019 12:00 AM PDT

Oil prices may stage a larger rebound as US crude inventories are expected to contract for the sixth consecutive week.

EURUSD May Break Key Support if PMI Data Fuels ECB Rate Cut Bets

Posted: 23 Jul 2019 11:30 PM PDT

EURUSD may break below an 18-month resistance-turned-support channel if Eurozone PMI data fuels ECB rate cut expectations at this week’s meeting, though downside momentum may be curtailed.

Crude Oil Prices May See Clashing Cues in Eurozone PMI, EIA Data

Posted: 23 Jul 2019 10:00 PM PDT

Crude oil prices might face conflicting cues as Eurozone PMI data warns of slowing global demand while EIA inventory data reveals a hefty drawdown.

US-China Trade War Thaw Hopes Boost APAC Stocks

Posted: 23 Jul 2019 09:38 PM PDT

Trade and interest rate expectations combined to make life pretty easy for stock bulls on Wednesday. There were some local wobbles, but most indexes gained

US Dollar Shrugs Rate Cut Bets After IMF Publishes Gloomy Outlook

Posted: 23 Jul 2019 08:00 PM PDT

The US Dollar rose despite an uptick in Fed rate cut bets ahead of the July FOMC meeting after the IMF published a gloomy outlook for global growth.

Dollar Rallies After IMF’s Growth Upgrade, Pound Steadfast After New PM Announced

Posted: 23 Jul 2019 06:46 PM PDT

The ‘growth’ theme seemed to catch traction earlier than expected this week. With July PMIs and the US 2Q GDP ahead, the IMF decided to downgrade its global growth forecasts; but it was a surprise US upgrade that generated the biggest impact.

Japanese Yen Faces USDJPY Bulls’ Strenuous Base Building Efforts

Posted: 23 Jul 2019 06:25 PM PDT

The Japanese Yen has had a pretty good run against the US Dollar but the latter ‘s fall seems to have hit a solid barrier

USDCAD Rate May Rise Further After Monthly Opening Range Break

Posted: 23 Jul 2019 05:00 PM PDT

Current market conditions may fuel a larger rebound in USDCAD as the exchange rate clears the opening range for July.

USD, JPY Could Rise as IMF Global GDP Outlook Gets Cut Again

Posted: 23 Jul 2019 04:11 PM PDT

Anti-risk currencies like the US Dollar and Japanese Yen could catch a bid after the IMF's updated World Economic Outlook report revealed another cut to its global GDP forecasts for 2019 and 2020.

Dow Jones Earnings to Offer Insight on Global Growth & Trade Wars

Posted: 23 Jul 2019 01:35 PM PDT

Two economic activity bellwethers in Caterpillar (CAT) and UPS are slated to report earnings Wednesday morning and investors will look closely for insight on global growth. Boeing (BA) will also report.

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD

Posted: 23 Jul 2019 12:00 PM PDT

US Dollar strength has been the theme since the NY Fed walked back comments from John Williams last week. The ECB is on Thursday, and the FOMC is next Wed.

USD/CNH Implied Volatility Plummets Despite Trade War Risks

Posted: 23 Jul 2019 10:00 AM PDT

USDCNH 1-week implied volatility dropped to its lowest level since August 2017, suggesting positive US-China trade war developments ahead or that downside risks are underpriced.
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