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DailyFX,the free news and research website of leading forex and CFD broker FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. With nine internationally-based analysts publishing over 30 articles and producing 5 video news ...more

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Gold Price Forecast: XAU/USD ETF Holdings Continue To Buoy Outlook
While spot gold prices suffered slightly alongside an uptick in risk assets like the Dow Jones and S&P 500, total known ETF holdings for XAU/USD continued to climb, jumping another 880,000 troy ounces during the week.
Dow Jones Forecast: Deadlocked Fund Flows Highlight Trading Range
The three major US equity indices have etched out a tight trading range in August as persistent uncertainty looks to threaten both bears and bulls alike.
Crude Oil Prices Rise As China Assures Markets, Trend Points Down
Crude oil prices rose alongside stocks as markets cheered assurances from China that it won’t discriminate against or crackdown on foreign companies amid trade war escalation.
Japanese Yen Price Targets: USD/JPY Breakout Pending- Trade Levels
The Japanese Yen is down nearly 1% against the US Dollar this week with USD/JPY now testing near-term downtrend resistance. The immediate focus is on a break of a well-defined weekly opening range in price.
EUR/USD Rates Threaten Triangle Bearish Breakout After New ECB President’s Remarks
The final weeks of August are usually a quiet time for global financial markets as computer screens are traded for sunscreen. But this year has been different.
US Dollar May Rise If US GDP Data Reinforces Recession Fears
Today brings forth a heavy economic docket with US Q2 GDP data likely to be the headline event risk for the session.
Australian Dollar Outlook: AUD/USD & AUD/JPY Eye RBA Meeting
Looking forward, Australian Dollar price action ahead of the September RBA meeting could foreshadow where AUDUSD and AUDJPY may head next.
Crude Oil Prices Foil Breakdown - USD/CAD Bearish Reversal Begins
Crude oil prices were starting to breakdown out of a multi-month symmetrical by the end of last week, but it now appears that another false breakout has occurred – not dissimilar from the false breakout crude oil prices experienced two weeks ago.
EUR/USD May Fall US Consumer Confidence, German GDP Data
The Greenback may rise against the Euro if US consumer confidence data undermines optimism about future demand.
Silver Price Targets: XAG Surges To Fresh Yearly Highs– Trade Levels
Silver prices have surged to fresh yearly highs with XAG/USD rallying six of the past seven weeks.
Gold Price Outlook: XAU/USD Spikes, Snaps Back To Fibonacci Support
Given the weekend events, risk aversion spiked at the open with Gold prices temporarily trading-above the 1555 level. That move has since pulled back with almost the entirety of those gains now given back.
EUR/USD Rate Reverses Ahead Of Monthly-Low Following Fed Symposium
EUR/USD catches a bid following the Fed Economic Symposium in Jackson Hole, Wyoming even though Chairman Jerome Powell warns monetary policy “cannot provide a settled rulebook for international trade.”
US Dollar May Rise If US Data Amplifies Trade War, Recession Fears
The US Dollar may rise against the Euro if US durable goods order data falls short of the 1.2 percent estimate, which is already lower than the previous print at 1.9 percent.
Weekly Euro Forecast: US-China Trade War Sparks Recovery; Eurozone Inflation Due
The Euro finished last week broadly higher, with most of its gains coming on Friday amid a flurry of headlines around the US-China trade war.
Gold Prices May Rise If US GDP Data Boosts Fed Rate Cut Bets
Gold prices may get buoyed by a spike in Fed rate cut bets if US GDP data reinforces the notion that the world’s largest economy is slowing down and requires accommodative monetary policy.
US Dollar Primed For Weakness - When Will It Break? USD/CAD, GBP/USD
The longer-term backdrop in the US Dollar is one that appears set for a fall. The currency has traded into a rising wedge formation as buyers have remained very responsive near support while getting less aggressive near new highs or resistance.
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