Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand

Crude and Brent oil benchmarks dropped in August as Covid-related demand fears dragged on sentiment. Energy traders are keenly focused on this week’s OPEC+ decision, which may see supply reigned ba…

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Canadian Dollar Forecast: USD/CAD Breaking Lower and Testing Trend Support

The recent weakness in the US dollar and the pick-up in oil prices is pushing USD/CAD ever lower with a multi-month supportive trendline now under threat.

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NZD/USD Jumps, Nikkei 225 Up on Japan Data Beat, Hang Seng Lower After China PMI Miss. USD Sidelined?

NZD higher as USD softens in Asia, while APAC equities reacted to local data after another record high on Wall Street. Will “risk on” continue?

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British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher

While GBP/USD continues to benefit from US Dollar weakness, the EUR/GBP chart shows a symmetrical triangle pattern that could signal another leg upwards.

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Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed

Crude oil is on the upswing as UK markets reopen after a holiday but prices may struggle on approach to trend resistance. inventory data and an OPEC+ meeting are eyed ahead.

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