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Aussie Dollar Steady as China Caixin PMI Edges Up

Talking Points Private service sector activity ticked up in November, according to Caixin Taken with a manufacturing deceleration, the overall picture hasn’t changed much Neither did AUD/USD, which was more focused elsewhere The Australian Dollar was steady on Monday after news of a pickup in Chinese service-sector output was published. The private Caixin Purchasing Managers […]

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Mixed December US Jobs Report Gives Few New Reasons for USD Bulls

Talking Points: – Job growth came in just below expectations, still strong enough to not disrupt the overarching trend. – The unemployment and undermployment rates fell on weaker labor force participation. –EUR/USD whipsawed between 1.0625 and 1.0672. Jobs growth in the United States in November remained solid at +178K, albeit slightly below expectations of +180K, […]

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Gold Prices Rally as US Dollar Strength Fades

Talking Points: Gold Prices Rally as US Dollar Strength Fades Intraday US Dollar Support is Found Near 100.63 Next Resistance for Gold Price is Found Near $ 1,189.53 Gold prices have rebound from this morning’s low of $ 1,180.70, after the US Dollar initially rallied on better than expected GDP figures. US GDP (Annualized) was […]

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Weekly Trading Forecast: December Expectations Face Themes Like Brexit, Data Like NFPs

December is historically one of the more quiet trading periods of the year. However, an antsy market heading towards protectionism makes a docket loaded with events like US NFPs, an OPEC meeting and BoE stability report a trading minefield. Australian Dollar Forecast – Australian Dollar at Risk on US Data, Trump Cabinet Appointments The Australian […]

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US Dollar Index Old Highs Should be Marked for Possible Support

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Recent comments noted that “Monday’s (11/14) close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) was support earlier this week (on […]