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Gold Price Outlook: Rally From Fib Assist, Gold Nears ’Hazard Zone’

Gold Price Outlook Talking Points: Gold prices continue to exhibit volatility after the early-June ramp to fresh three-month-highs. Gold prices softened from resistance as looked at last Thursday, and support has come-in right at the Fibonacci level of 1319.91 that was investigated for higher-low support potential. Gold prices have almost completed the fill of this […]
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EURUSD and USDCAD Reversal Days at Key Levels Shift Trading Bias’

EURUSD rejected after trend-line breaks The Euro was posting a solid day yesterday, trading above the trend-lines from February and September of last year as well as highs carved out last month, before turning lower to close near the lows of the session. This turnabout carved out a strong rejection candlestick, shifting focus lower. Looking […]
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Trade Wars and Tariffs Have Put the US Auto Industry in Peril

Auto Industry Outlook: Trade Wars and Tariffs Have Put the US Auto Industry in Peril The US auto industry is in peril despite efforts from the Trump administration to bolster the sector and revert manufacturing back to domestic plants. That said, the two largest US auto manufacturers, Ford and General Motors, have performed admirably in […]
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GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

Trading the News: U.K. Retail Sales The U.K. Retail Sales report may keep GBP/USD under pressure as the headline reading for household spending is expected to contract 0.4% in April. Signs of a less robust economy may produce headwinds for the British Pound as it encourages the Bank of England (BoE) to retain a wait-and-see […]
GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

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