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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          EUR/AUD Weekly Outlook - ActionForex

            EUR/AUD Weekly Outlook – ActionForex

            EUR/AUD’s rebound from 1.6108 resumed by breaking through 1.6516 resistance last week. Initial bias remains on the upside this week for 100% projection of 1.6186 to 1.6516 from 1.6306 at 1.6636 next. On the downside, below 1.6429 minor support will turn intraday bias neutral. But further rise will remain mildly in favor as long as…

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