AUTRALIAN DOLLAR FORECAST: NEUTRAL The central banks made their demands public this week, while the Chinese government has been cautious about its over-indebted debt. Commodity prices continued to fluctuate with specific sector themes. Long-term bond yields are starting to emerge, but the focus on the AUD / USD pair will…
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Gold Fundamental Forecast: Bearish Gold prices fell again last week, although the pace of losses slowed as credit risk increased in the markets. China’s Ever Grande Group has been the catalyst for traders to secure assets. Offshore bondholders reported last week that they had not received coupons from the Chinese…
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Gold, XAU/USD, University of Michigan Sentiment, IGCS, Analysis – Talking Points: Gold prices rose slightly, trying to rebound from the previous downturn. Weak sentiment data from the University of Michigan may push up XAU/USD Retail traders reduce gold exposure, IGCS hints that prices may rise On Thursday, the anti-statutory gold…
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Australian Dollar Fundamental Forecast – Bearish The Australian dollar remains fragile in the global Covid-19 case next week, and the fall in iron ore prices increases the risk. The Australian dollar has barely risen against the US dollar this week, but AUD/USD gave up most of the bullish progress at…
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Since 2010, cryptocurrency trading has become more and more popular. News about the amazing benefits of various virtual currencies appear in the financial media every day. For example, Bitcoin has become a household name. In the six months from September 2020 to March 2021 alone, it rose by 445%. Although…
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The U.S. dollar surged on Thursday and helped the DXY index reverse its -0.3% decline. The USDJPY price action weakened, because the U.S. Treasury yields are difficult to continue the rebound. The initial value of the PMI scheduled for tomorrow may affect the risk trend before the FOMC bookmark. During the…
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GBP Analysis & News Although the GBP/USD has experienced a difficult week, the Bank of England’s expectation that it will be more aggressive still provides support for the GBP. As the market increases the possibility that the Bank of England will begin to adjust its monetary policy to better adapt…
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What is a forex entry point? The Forex trading entry point is the level or price at which the trader enters the Buy or Sell Trade. Due to the large number of variable entries in the foreign exchange market, it may be complicated for traders to determine the Forex trading entry point. This…
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An effective foreign exchange trading system must have a set of clearly defined parameters and strict implementation. The currency trading system needs a set of rules to decide when to enter a buy or sell trade, and where to set profit and loss limits. In addition, there needs to be…
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Dow Jones, S&P 500, Nasdaq 100 Talking Points: The Dow Jones, S&P 500 and Nasdaq 100 indexes entered the third quarter and performed strongly again in the post-pandemic era. Stocks in all sectors continued to rise. As the broader economic recovery is expected to provide a modest boost for the…
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