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  • Crude oil prices tend to move against inventory changes. Recent fall in US crude oil inventories has underpinned WTI prices. Oil traders are eyeing weekly EIA inventory data on Wednesday, expecting further decline in stockpiles. https://t.co/MGkIuMQDME
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Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

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Article summary: The Dollar continues to trade in a tight range versus the Euro and other counterparts, but a highly-anticipated Fed meeting could spark big moves in USD pairs.

US Dollar Needs Optimism from Fed as Q2 Data Starts to Slip

The US Dollar’s position is a precarious one. While the yield environment has become somewhat more supportive, the data picture has not. A great deal of Fed optimism will be required in order to drum up support for the US Dollar.

Euro Continues to Offer Range Trading Opportunities

The Euro finished near four-month lows versus the Dollar, but the lack of volatility in recent markets makes it unlikely it breaks significantly lower. We’re watching key event risk for a potential breakdown.

GBP/USD Breaks Out; Eyes Higher-High on BoE Dissent

The Sterling may continue to carve a series of higher-highs & higher-lows during the summer months amid the ongoing shift in outlook for the Bank of England.

Australian Dollar May Stumble on Dovish RBA Minutes, Upbeat FOMC

High-profile event risk on the domestic and the external fronts in the week ahead threatens to undermine the recent Australian Dollar rally.

Gold Rally at Risk Heading into FOMC- 1277 Resistance

Building geopolitical tensions in Iraq and Ukraine have offered some much needed support to gold prices which had fallen more than 10% off the March high.

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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