Crude Oil Weekly Forecast - 28/06: Lower Trading (Chart)

    Crude Oil Weekly Forecast – 28/06: Lower Trading (Chart)

    The energy sector certainly has traded with the belief the ceasefire and agreement announced between Iran and the U.S would calm the military conflict between the two nations. Apparently news of the ‘agreement’ has not fully satisfied the Iranian and U.S militaries, this as both seem to keep finding reasons to strike each other in…

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    Market Watches a Key Pressure Zone

      Market Watches a Key Pressure Zone

      The EUR/USD remains under pressure and depending on viewpoint can justifiably be claimed to be within a fair market range. The Forex market is always right; the trader is frequently wrong. Narrative regarding the decline of the EUR/USD which closed near 1.13823 this Friday remains debatable too. While some claim that notions of a higher…

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      Markets Dial Back Aggressive Fed Bets, Dollar Refuses to Break

        Markets Dial Back Aggressive Fed Bets, Dollar Refuses to Break

        The dominant narrative this week was not that the Federal Reserve became less hawkish—it was that markets became less convinced the Fed would need to become even more hawkish. Early in the week, investors aggressively priced in additional rate hikes after the June FOMC meeting, encouraged by a string of increasingly hawkish forecasts from major…

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        Dollar Strength Pressures XAU (Video)

          Dollar Strength Pressures XAU (Video)

          Gold looks like it’s trying to bounce on Thursday, but we still face a lot of headwinds in this market, not the least of which is that traders are thinking the Fed will hike later this year. Gold Gold looks like it’s trying to bounce today during the Thursday session. That would, of course, make…

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          USD/CAD Weekly Outlook - ActionForex

            USD/CAD Weekly Outlook – ActionForex

            USD/CAD rose further to 1.4247 last week but retreated mildly since then. Initial bias remains neutral this week for consolidations. While deeper pullback cannot be ruled out, downside should be contained above 1.3965 resistance turned support. Above 1.4247 will resume the rally from 1.3480 to 61.8% retracement of 1.4791 to 1.3480 at 1.4290. Firm break…

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