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Australian Dollar Data Drought Will Leave Coronavirus In Charge

Australian Dollar Data Drought Will Leave Coronavirus In Charge

Not that long ago, not a month went by without the news of a new Coronavirus outbreak in Australia. In fact, many scientists believe that a Coronavirus drought is now occurring. The recent outbreaks in Chicago and Cleveland have all occurred while the Coronavirus has been in the midst of a Coronavirus drought. Experts say …

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AUD/USD Outlook Mired Ahead of RBA as RSI Slips into Oversold Zone

AUD/USD Outlook Mired Ahead of RBA as RSI Slips into Oversold Zone

Are you still holding onto the AUD/USD? If so, you have to realize that the RSI (Relative Strength Index) is currently showing an unwinding of support to move back towards the mentioned support. The RSI (Relative Strength Index) has moved into oversold territory. Here’s a picture that can explain what I mean. A head of …

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Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

Like Forex and News is a good thing to know on certain days, making calculations for the next five weeks will also be beneficial. Making the right calculations on how the markets are doing will help you make decisions. There are many of the financial markets that you can place your bets on. Among the …

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Crude Oil Picks Up, Euro Nears Important Support, Equities Remain Bouyant

Crude Oil Picks Up, Euro Nears Important Support, Equities Remain Bouyant

Crude Oil Picks Up, Euro Nears Important Support, Equities Remain Bouyant. The recently concluded Trading Day was all about the EURUSD, but at the same time, it was about the prospect of a strong dollar. An important support level was a major catalyst to the day’s action. Euro Trend Trading Action – A Signal To …

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Bank of England Leaves UK Bank Rate at 0.75%, GBP May Weaken Further

Bank of England Leaves UK Bank Rate at 0.75%, GBP May Weaken Further

The Bank of England has left its policy on the Bank Rate unchanged at 0.75%. However, it is doubtful whether this is a good or bad thing. As the Bank rate has already failed to recover from the fall in interest rates in 2020, should the Bank remain in a neutral monetary policy stance? On …

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Gold Forecast 1Q-2020: Shift in US Trade Policy Casts Bullish Outlook

Gold Forecast 1Q-2020: Shift in US Trade Policy Casts Bullish Outlook

Earnings estimates are still cut, while the future of world trade depends on talks that have so far resulted in little concrete developments. If the exchange rates stay where they are, the full year hit profits will be 6% to 7%, he said. While the index is volatile, Barclays also says the spreads of credit …

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