forex for beginners
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Euro Dollar Forecast: EUR/USD Price Action Awaits US Retail FiguresEUR/USD Tests Key Resistance Level Amid Retail Sales Data
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British Pound Latest - Lockdown Measures Unwound, Brexit Common Ground, GBP/USD BolsteredThe UK government announced Thursday that lockdown measures will be unwound further this weekend in the next step to fully re-opening the economy.
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USD/JPY Rate May Fall on Disappointing US Retail Sales DataThe USD/JPY exchange rate IS at risk of a near-term pullback should US retail sales for July disappoint market participants.
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Australian Dollar Outlook: S&P 500, US Retail Sales Eyed After Chinese DataThe Australian Dollar is eyeing how the S&P 500 reacts to US retail sales data after Chinese equivalent ones were released. Beyond that,...
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Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 RangesThe Dow Jones Industrial Average tested a key resistance at 28,000 but failed to break through. Germany’s Dax fell 0.5% to just below 13,000.
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AUD Cautiously Eyes Chinese Data Ahead of Sino-US Trade TalksThe Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to...
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USD/JPY Price Analysis: Dollar-Yen Shorts Surge, Yields EyedThe US Dollar has climbed against its Japanese Yen peer over the last few trading sessions with spot USD/JPY rates rising more than 100-pips...
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Canadian Dollar Forecast: USD/CAD Slips, NZD/CAD Threatens BreakdownThe Canadian Dollar has been on a tear this week, staging rallies against the US Dollar and the New Zealand Dollar alike. Will critical breakdowns...
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US Dollar Forecast: USD Price Action Rangebound – Levels to WatchUSD price action is whipsawing again and keeping the broader US Dollar relatively rangebound as the DXY Index bounces back and forth between two...
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Mexican Peso: USDMXN Ticks Higher on Banxico Rate CutThe Bank of Mexico cut its benchmark interest rate by 50-basis points on Thursday sending USD/MXN higher following a strong month for the Mexican...
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S&P 500, Nasdaq Price Forecast: SPY, QQQ Inch Towards All-Time-HighsUS stocks continue to defy gravity, pushing towards fresh all-time-highs in both the S&P 500 and the Nasdaq 100.
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British Pound Price Forecast: Cable Bounces, GBP/JPY to 140It's been a week of strength in both GBP/USD and GBP/JPY, even with the record drop in UK GDP that was released yesterday.
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US Dollar Slides Lower - GBPUSD and EURUSD OutlooksThe US dollar (DXY) is pointing lower again and is within striking distance of a fresh 27-month low, underpinning both EUR/USD and GBP/USD.
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USD/ZAR Latest: Global Factors Dictating the South African RandWith the USD/ZAR consolidating, it is only a matter of time before the pair receives the required fundamental catalyst to give traders directional...
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New Zealand Dollar Forecast: NZD/USD, NZD/CAD Pressured by RBNZ DovesNZD continues underperform as RBNZ doves maintain pressure on the currency.
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EU Stoxx 50 Index May Slide Lower on Disappointing GDP, Employment DataThe EU Stoxx 50 index is at risk of a near-term pull back ahead of the Euro-area’s upcoming second-quarter GDP release.
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Gold Prices May Resume Selloff After Digesting Largest Drop in 7 YearsGold prices might face renewed selling pressure after pausing to digest the biggest one-day drop in over seven years. Crude oil prices appear...
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Crude Oil Prices Brace for Impact with US-Iran Tensions BrewingCrude oil prices may rise if renewed US-Iran tensions stoke supply-disruptions fears – but will that be enough to sustainably offset OPEC...
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Australian Dollar Dips Lower Despite Better-Than-Expected Employment DataThe Australian Dollar initially climbed higher before stumbling at session highs, despite positive Australian jobs data.
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US Dollar Mixed Despite Congressional Stalemate - 14 August 2020The US Dollar is mixed after coming under some pressure, especially against its major rivals.
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Despite GDP, Sterling Edges Higher - 13 August 2020The Pound Sterling moved higher versus a weaker US Dollar as FX traders dismissed the release of disappointing growth data in the UK.
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Oil Markets Advanced on Falling US Crude Oil Supplies - 13 August 2020Yesterday, the oil markets advanced after the markets learned that the US crude oil supplies fell for the third consecutive week.
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Pound Weighed Down by DataThe Pound Sterling was holding on to recently earned gains and remaining within striking distance of the $1.30 level against the US Dollar, though...
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Kamala Harris Nomination Gets Mixed ReviewsThe announcement of Senator Kamala Harris as Joe Biden's running mate delighted many financial analysts, CNBC reported on Tuesday.
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UK Enters Recession, Deepest GDP Contraction in HistoryUK's Office for National Statistics reported that the economy contracted by 20.4 percent during the second quarter of this year, which makes the...
