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Weekly Market Outlook (16-20 September) | Forexlive
UPCOMING EVENTS: Monday: New Zealand Services PMI. Tuesday: Eurozone ZEW, Canada CPI, US Retail Sales, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index. Wednesday: UK CPI, US Housing Starts and Building Permits, BoC Summary of Deliberations, FOMC Policy Decision. Thursday: New Zealand Q2 GDP, Australia Labour Market report, BoE Policy Decision, US…
EUR/AUD Daily Outlook – ActionForex
Daily Pivots: (S1) 1.7562; (P) 1.7621; (R1) 1.7654; More… Intraday bias in EUR/AUD remains on the downside as this point. Current development suggests that rebound form 1.7477 has completed at 1.7804. Fall from 1.8160 is still in progress. Deeper decline would be seen to retest 1.7477 first. Break there will target 1.7245 support and below….
USD/CHF: Dollar-franc finds support at monthly low on US-EU trade optimism
In the case of the U.S. dollar, it would be fair to say that its status as ‘world currency’ has come under pressure in recent months. Owing to snowballing U.S. debt and polarising policy changes courtesy of 47th POTUS Donald Trump, it would appear that the root cause of the aforementioned safe-haven inflows comes predominantly…
AUDJPY: Bulls May Lose Control
The AUDJPY bulls may lose control.The currency pair could still decrease despite a minor uptick. AUDJPY Weekly Price Analysis – August 18 Today, the AUDJPY bulls may lose control of the market as the market buying pressure seems to be dropping. Thus, a further increase in the bear’s pressure may break down at the $90.11…
XAG/USD Analysis: Silver Drops to March Low
As seen on the XAG/USD chart, the price of silver fell to the $70 level and briefly pierced it, marking the lowest level since early February. Although geopolitical tensions typically support demand for safe-haven assets, silver is under pressure from expectations of a fresh inflationary surge driven by rising energy prices (as noted earlier, Brent…
Italy’s Consob Orders the Blackout of 4 New Websites
Italy’s financial regulator, Consob, said Friday that it has ordered the blackout of four websites found to be illegally offering financial services and products. The affected sites include three unauthorised financial intermediaries and one website promoting financial products without a prospectus, according to the regulator. Consob said it exercised its authority under the “Growth Decree,”…
