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Forex Daily

US Dollar Torn Between Geopolitical Fears, Fed Policy Bets

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Fundamental Forecast for the US Dollar: Neutral US Dollar eyes FOMC minutes to gauge confidence in rate hike outlook Retail sales, consumer confidence data may bolster the case for tightening Geopolitical instability might throw policy-driven price action off-course Retail traders expect the US Dollar to rise. Find out here what …

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US Dollar Eyes CPI But Geopolitics May Trump Data Impact

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Talking Points: Yen gains while Aussie, NZ Dollars sink as risk aversion extends to Asia US Dollar may be forced to look past CPI data amid geopolitical jitters Are FX markets matching DailyFX forecasts so far in Q3? Find out here The sentiment-linked Australian and New Zealand Dollars slumped while …

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Risk Aversion Continues in Europe as US, North Korea Go Head to Head

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Talking Points – Safe havens such as the Japanese Yen and gold are in demand on the bellicose rhetoric from the US and North Korea. – Conversely, ‘risk-on’ currencies like the Australian Dollar and the Korean Won are weakening. Check out our new Trading Guides: they’re free and have been …

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Crude Oil Prices Seesaw on Hopes for Larger OPEC-Led Output Cuts

crude oil

Talking Points: Crude oil prices whipsaw as Libya restarts Shahara field, OPEC/NOPEC meet Gold prices shrug off tame Fed commentary, looking ahead to US inflation data Are commodity price trends matching our forecasts so far in Q3? Find out here Crude oil prices seesawed but failed to find lasting direction. …

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Gold Prices Eye Fed Commentary After Sinking on US Jobs Data

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Talking Points: Gold prices eyeing Fed-speak but follow-through may wait for US CPI report Crude oil prices looking to OPEC/non-OPEC meeting for new direction cues What will drive longer-term crude oil and gold trends? See the forecasts here Gold prices declined as expected after July’s broadly better-than-expected US jobs report …

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FOREX-Dollar dips after US services sector data disappoints – Reuters

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(Updates prices) * Euro just below more than 2-1/2-year high vs dollar * ISM non-mfg index fell to 53.9 in July, vs expected 57.0 * Sterling falls vs dollar after BoE decision By Sam Forgione NEW YORK, Aug 3 (Reuters) – The dollar fell against the yen, euro and Swiss …

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Foundations of Technical Analysis: Identifying Confluences & Opening Ranges

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– Part 1: Introduction to Basic Trendline Analysis – Part 2: Introduction to Basic Pitchfork / Median-line Analysis – Part 3: Introduction to Multi-Time Frame Analysis – Webinar- Foundations of Technical Analysis: Trendline & Slope Analysis See these tools & methodology used in practice, Join Michael for his Weekly Strategy …

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Dollar Recovers From 15-Month Low – Market Update

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Main Market Movers Forex GBP The Bank of England voted 6-2 to keep interest rates unchanged.Leading up to the decision, Sterling was steady, however the dovish tilt . Amid the fragile UK economy, BOE members will unlikely vote to raise the cost of borrowing however, may revise inflation and growth …

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Gold Prices May Ignore ISM Survey, Fed-Speak as Jobs Data Nears

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Talking Points: Gold prices mark time as markets look ahead to US employment data Crude oil prices edge up as EIA reports another inventory drawdown Are commodities matching DailyFX bets so far in Q3? Find out here Gold prices stalled as familiar rhetoric from Fed officials and mixed signals in …

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