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S&P 500 Sinks on Evergrande Risks Ahead of FOMC, Airline Stocks’ Outlook Brightens

Posted by By 20/09/2021Posted inForex
The S&P 500 plunged at the start of the week on Evergrande worries, but despite the growing market risks, some industries are starting to look more attractive over the medium…
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NZD/USD Bull Flag Formation Unravels as September Opening Range Snaps

Posted by By 20/09/2021Posted inForex
The bull flag formation in NZD/USD has unraveled as the exchange rate snaps the opening rage for September.
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Crypto Comedown: Bitcoin (BTC/USD), Ethereum (ETH/USD) Test Support

Posted by By 20/09/2021Posted inForex
Crypto markets took a hit this week as risk began to spread around Evergrande in China. Bitcoin and Ethereum are testing big spots of support.
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Gold Price Outlook: Gold Prices Achieve Modest Gains, Stocks Slide

Posted by By 20/09/2021Posted inForex
Fed rate decision weighs on commodities, Gold and Silver remain flat despite equity sell-off.
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Sterling Outlook: GBP/USD Plunge Breaks Monthly Range- Support in View

Posted by By 20/09/2021Posted inForex
Sterling plunged 0.6% into the open of the week with a break of the monthly range threatening a deeper correction. Here are the levels that matter on the GBP/USD charts.
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GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Aug 25, 2021 when GBP/JPY traded near 151.37.

Posted by By 20/09/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
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Canadian Dollar Price Forecast: USD/CAD Spikes, Pulls Back – Loonie Levels

Posted by By 20/09/2021Posted inForex
USD/CAD spiked to start the week and is already putting in a pullback to support at the 1.2800 handle.
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AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Aug 26, 2021 when AUD/JPY traded near 79.70.

Posted by By 20/09/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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EUR/USD Eyes 2021 Low Ahead of Fed Meeting as ECB Defends Dovish Guidance

Posted by By 20/09/2021Posted inForex
EUR/USD appears to be on track to test the yearly low (1.1664) following failed attempt to clear the July high (1.1909).
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S&P 500 Short-term Technical Outlook Quickly Deteriorates

Posted by By 20/09/2021Posted inForex
The SPX is headed for a significant break in the price sequence over the past few months.
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