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GBP/USD retreats toward 1.36 amid fresh dollar strength

GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown. 

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Gold extends sideways grind near $1,850

The XAU/USD pair registered small daily gains on Thursday but struggled to extend its recovery amid a lack of significant fundamental drivers on Friday. As of writing, the pair was up 0.15% on a daily basis at $1,849.

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EUR/USD Price Forecast 2021: Euro-dollar long-term bullish breakout points to 1.2750

EUR/USD market players hope for a return to economic growth by mid-2021. Central banks are likely to maintain their ultra-loose monetary policy for longer than the pandemic. EUR/USD price has turned bullish after breaking above a descendant trend line coming from 2008.

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GBP/USD Price Forecast 2021: Cable braces for calendar comeback amid three exits

With Brexit talks out of the way, markets can focus on the consequences of this historic change. With Trump’s turmoil over, Biden’s tight work with the Fed is key to dollar action. Coronavirus vaccination should finish the crisis by year-end, yet a bumpy road awaits.

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USD/JPY Price Forecast 2021: Dollar-yen to keep falling in the year of healing

Japan’s cultural advantage over the US might result in a faster economic comeback. Central banks’ ultra-loose monetary policy has come to stay. USD/JPY price forecast 98.95 as a potential bearish target for 2021.

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AUD/USD Price Forecast 2021: Winning the covid crisis insufficient for the aussie to withstand Chinese boomerang

Australia weathered the covid crisis better than most, sending the AUD higher by year-end. Momentum from the crisis and central bank action could extend the trend early in 2021. Relations with China are set to weigh on the aussie.

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Gold Price Forecast 2021: XAU/USD looks to build on 2020 gains with central banks staying dovish

Gold price surged to all-time highs above $2,000 in 2020. Gold forecast remains bullish in 2021 as central banks keep committed to supporting recovery. XAU/USD price could push higher if it manages to break above $1,930.

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Bitcoin Price Forecast 2021: BTC reaching new horizons, aiming for $100,000

Bitcoin’s future looks bright as the digital asset has surpassed $20,000 for the first time. Several multi-million investments have propelled the flagship cryptocurrency towards new all-time highs in 2020. On-chain metrics are highly in favor of Bitcoin in the long-term.

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2020 US PRESIDENTIAL ELECTIONS

Is the Trump era over?

There is no earthly reason to buy dollars with Trump exiting unless we imagine he is going to slash and burn on his way out the door. And that’s exactly what he is going to do, but the underlying system is relatively safe if only because we can see the end—inauguration day on Jan 20. A flurry of risk-off without rhyme nor reason just has to be accepted but we can’t let ourselves become agitated over it and see risk-off under every rock—or accept risk-off that has no known cause. Stay the course, but be aware traders are willing to be spooked.

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FX in Depth

cycle analysis

"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"

sentiment agregator

"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public, are considered a sentiment indicator."

INTRO TO ELLIOT WAVE

"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"

support and resistance

"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."

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