Impact of Virus Outbreaks: S&P 500, Gold, Oil and Currency Analysis

Coronavirus has rattled financial markets. We look at previous virus outbreaks to gauge its potential impact on the S&P 500, Gold, Oil and Currencies.

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Bitcoin Price Rally Stalls at Resistance, Will it Reverse?

Bitcoin has enjoyed a bullish beginning to 2020, reclaiming key technical barriers. Stalling at a Fibonacci level, can the coin press higher? Or will it reverse?

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WTI Crude Oil Tests Critical Support Zone: Can Oil Bulls Hold the Lows?

The month started with strength but soon turned into incredible pain for oil bulls, and WTI crude oil prices have now lost as much as 21.8% to kick off 2020.

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EUR/GBP Price Continues to Pressure Short-Term Support

EUR/GBP has just touched a fresh six-week low as the fortunes of the two currencies diverge further. The British Pound is buoyed by yesterday’s BOE call while the Euro is rattled by weak economic d...

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US Dollar Slides as Chicago PMI Points to Continued Manufacturing Decline

Chicago PMI disappointed this morning, printing a reading of 42.9, the lowest reading since 2015

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US Dollar Suffers, EUR/USD & GBP/USD Rise on Brexit Day - US Market Open

Month-end rebalancing contributes to US Dollar selling with the Euro and the Pound the main beneficiaries.

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AUD/USD At Major Level On US Core PCE

This morning brought the release of US Core PCE data for the month of December to the tune of 1.60% vs the expectation of 1.60%

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GBP/USD, AUD/USD, USD/JPY – Charts for Next Week & More

Heading into next week Cable is ready for a breakout, Aussie trading around a major support level, and the Yen slowly rising up to resistance versus the Dollar.

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S&P 500 & Dow Jones Forecast: Fed Balance Sheet Key to Outlook

Coronavirus fears drive risk off sentiment. However, Federal Reserves balance sheet is key to the outlook for the S&P 500 & Dow Jones.

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EUR/USD Latest: Eurozone Economy Slows as Inflation Weakens Even Further

EURUSD struggles to find buyer support as Eurozone data continues to show signs of weakness in the economy

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British Pound Latest: Sterling (GBP) Price Rally as The UK Leaves The EU

Sterling opens the session on a positive note, taking heart from the BOE decision yesterday to keep UK rates unchanged. And tonight, the UK finally leaves the EU after three-and-a-half years of wra...

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Euro, DAX May Rise on Eurozone GDP Data as Growth Stabilizes

The Euro may rise with Germany’s DAX equity index as economic data continues to show signs of regional stabilization despite coronavirus fears.

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Crude Oil Prices Gain as WHO Stops Short Of Advising Travel Ban

Crude oil prices crept higher in the Asian session as, despite declaring the spread of coronavirus a global emergency, the World Health Organization did not recommend draconian travel restrictions.

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Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit

The spread of coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable.

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Australian Dollar Unphased by China PMI as AUD Eyes Coronavirus

The Australian Dollar shrugged at the release of Chinese PMI data as the cycle-sensitive currency focuses on the coronavirus and the impact it has on Asia – the primary destination of Australia’s c...

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GBP/USD Soars on BoE, Yen at Risk After WHO Coronavirus Conference

The British Pound and GBP/USD soared after the Bank of England left rates unchanged. S&P 500 futures hint the Yen may fall after the WHO coronavirus conference calmed markets.

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Canadian Dollar Forecast: USD/CAD Outlook Bolstered as Resistance Fails

The Canadian Dollar slipped versus USD in January as the pair broke through various levels of resistance. With the event risk of the Fed passed, can the USD/CAD rally continue?

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Dow Jones, Nasdaq 100, S&P 500, Gold Price Outlook: Eyes on Fed Repos

The Dow Jones, Nasdaq 100, S&P 500 and gold prices rallied in 2019 on US-China trade deal bets and a swelling of the Fed’s balance sheet. What is the road ahead for 2020 from here?

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S&P 500, US Dollar Pressured as Treasury Yield Curve Inverts (Again)

The US Treasury yield curve has inverted once again along the 10-year and three-month maturities, which may foreshadow a major reversal lower in the S&P 500 and US Dollar.

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Australian Dollar Price Outlook: AUD/USD Breaks Down, Nears Key Support

AUD/USD is nearing a test of a critical support zone around the same price that thwarted sellers four different times last year. Can bears break through?

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USD Drops After FOMC; British Pound Pops on BoE, GBP/USD Breaks Out

It's been a busy day in global markets as yesterday's FOMC rate decision led into this morning's Bank of England rate meeting.

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Bank of England Leaves UK Bank Rate at 0.75%, GBP May Weaken Further

The Bank of England has left UK Bank Rate at 0.75% but the move is unlikely to end the downward pressure on GBP/USD.

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Gold Price Forecast: Potential XAU/USD Breakout as Virus Fears Escalate

The price of gold is nearing near-term resistance which, if broken convincingly, could lead to a larger rally in the short-to-medium term. All eyes on global coronavirus updates.

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Canadian Dollar Forecast: Key USD/CAD Levels to Watch

Canadian Dollar continues to fall amid the coronavirus concerns. However, key resistance has capped USD/CAD upside for now.

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British Pound (GBP) Latest: Weakness Ahead, Rate Decision Evenly Balanced

The decision today by the Bank of England on whether to cut UK interest rates could go either way but GBP/USD is in a downtrend that may well continue either way.

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British Pound May Fall on BoE Rate Decision, Brexit Concerns

The British Pound may suffer if the BoE radiates unexpectedly dovish overtones and pressures GBP/USD against the backdrop of US GDP data and robust Amazon Q4 earnings.

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Stock Markets May Struggle Even If Coronavirus Fears Subside

Global stock markets may continue to struggle even if worries about the ongoing Wuhan coronavirus subside. The unrivaled liquidity of the US Dollar may see it capitalize.

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Gold Prices Rise Again as Market Eyes Next WHO Coronavirus Meet

Gold prices were higher again, while crude oil prices headed lower as fears about the spread of coronavirus continue to dominate global markets.

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Australian Dollar Outlook: AUD/USD, AUD/JPY at Risk to Long Bets

The Australian Dollar is at risk to declines against the US Dollar and Japanese Yen, with trader positioning supporting the downside scenario for AUD/USD and AUD/JPY after the Fed.

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Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit

The spread of coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable.

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Oil Price to Stage Rebound on Textbook RSI Buy Signal

The price of oil holds above the October low ($50.99), with the RSI poised to flash a textbook buy signal when the oscillator bounces back from oversold territory.

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Japanese Yen Rally May Extend After Fed Inspired Risk Aversion

The Japanese Yen gained as the Fed sparked declines in the S&P 500 and US Dollar as gold prices rallied. Ahead, Asia Pacific equities may follow Wall Street lower as the AUD declines.

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Australian Dollar Forecast: AUD/USD Probes Support, Can it Rally?

The Australian Dollar has fallen to support after declining throughout November. With the help of the Fed, can AUD/USD rebound off the technical level?

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FOMC: US Dollar Edges Lower as Fed Holds Rates, Extends Repos

The Federal Reserve just announced its January 2020 monetary policy update, which detailed that the FOMC will keep its benchmark interest rate on hold but will extend repo operations through April.

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New Zealand Dollar Forecast: NZD/USD Weakness Weighs Ahead of FOMC

The New Zealand Dollar continued its slide versus the US Dollar while NZD/CAD and AUD/NZD have been engulfed by indecisiveness amid back-and-forth risk trends.

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Euro Price Outlook: EUR/USD Bears to Face FOMC – Trade Levels

Euro plummeted more than 2% year-to-date with price trading just above technical support ahead of FOMC. Here are the levels that matter on the EUR/USD charts.

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Fed Preview: US Dollar, Dow & Gold Performance on FOMC Decision Days

The latest FOMC interest rate decision is due for release today at 19:00 GMT. How have Fed meetings historically impacted performance in the US Dollar, Dow Jones and spot gold?

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US Dollar Forecast: USD at Risk as the Fed, GDP Loom – Charts to Watch

The US Dollar has rallied to an eight-week high on the back of solid economic data and return of volatility, but USD price action is at risk ahead of the Fed meeting and GDP data release on tap.

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US Dollar Perched at Highs Ahead of FOMC: Will USD Reverse?

The US Dollar has put in a strong showing through January, following an aggressive sell-off in Q4 of last year. But what might the Fed be looking to do in 2020?

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S&P 500, CAC 40, Crude Oil – Charts to Watch & More

It will be interesting to see if the S&P can continue to build on yesterday's rebound or start fizzling out, the CAC 40 looks vulnerable in Europe, crude oil is nearing major support.

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Canadian Dollar Price Forecast - Will USD/CAD Resistance Hold or Fold?

The Canadian dollar continues to weaken against the US dollar since the start of the year and USD/CAD is now bumping into strong resistance ahead of the latest FOMC meeting.

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British Pound (GBP) Latest: Sliding Lower as Brexit Day Nears

GBP/USD continues to fall amid ongoing “risk-off” sentiment in the markets but faces strong support from a trendline that once provided resistance.

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US Dollar May Bloom on FOMC Outlook, Corporate Earnings

The US Dollar may rise if the Fed provides an optimistic outlook against the backdrop of strong corporate earnings and ebbing coronavirus fears. EUR/USD may re-test November-lows.

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Crude Oil Prices Rise Again Despite Virus Fears, Fed Meet Eyed

Crude oil prices made small gains as Tuesday’s US stock market bounce saw risk appetite revive a little in Asia. The spread of coronavirus remains the markets’ prime concern though.

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USD/CAD Strength Following BoC Appears Exhausted Ahead of US GDP

USD/CAD struggles to retain the advance following the BoC meeting, and updates to the US GDP report may fuel the recent pullback if the data shows a slowing economy.

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Gold Price Outlook Hinges on FOMC Forward Guidance

It remains to be seen if the FOMC interest rate decision will influence the price of gold as the central bank is expected to keep the benchmark interest rate on hold.

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Australian Dollar Gains As 4Q CPI Inflation Beats Expectations

The Australian Dollar got a Wednesday lift on news that consumer prices rose at their strongest annualized pace for a year in 2019's final quarter. However underlying pricing power remains quite weak.

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Canadian Dollar and Crude Oil Prices Setting Up for a Reversal?

The Canadian Dollar rallied with crude oil prices, raising the question of reversals in USD/CAD and WTI. Wuhan Virus fears subsided for now as AUD/USD awaits Australian CPI data.

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Fed Meeting: US Dollar Volatility & FOMC Rate Decisions

Fed meetings have historically served as major catalysts for currency volatility in the US Dollar – take a look at how USD price action typically responds to FOMC interest rate decisions.

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Nasdaq 100 Forecast: Apple Beat to Bolster Tech Sentiment Ahead of Fed

The largest component of the three major US indices, Apple, reported robust earnings after the close and subsequently gapped higher despite lofty expectations. How will the Nasdaq 100 react?

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New Zealand Dollar Forecast: NZD/USD Weakness Weighs Ahead of FOMC

The New Zealand Dollar continued its slide versus the US Dollar while NZD/CAD and AUD/NZD have been engulfed by indecisiveness amid back-and-forth risk trends.

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USD Forecast: US Dollar at Risk as the Fed, GDP Loom – Charts to Watch

The US Dollar has rallied to an eight-week high on the back of solid economic data and return of volatility, but USD price action is at risk ahead of the Fed meeting and GDP data release on tap.

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Pre-FOMC Price Action Setups Around the US Dollar: GBP/USD, USD/CAD

Tomorrow brings the first FOMC rate decision in the New Year. But what appears to matter most is what they say might happen later this year.

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Sterling Price Outlook: British Pound Threatens Support- BoE Levels

Sterling is trading just above key uptrend support ahead of the FOMC / BoE interest rate decisions. Here are the levels that matter on the GBP/USD weekly chart.

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Silver (XAG) Price Forecast: Can Risk Aversion Fuel a Silver Rally?

A spike in risk aversion has helped bolster gold and silver early this week. Can silver continue higher despite looming resistance?

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Canadian Dollar Price Outlook: USD/CAD Breakout at Risk into FOMC

Canadian Dollar is straddling critical resistance and leaves the broader breakout vulnerable heading into FOMC. Here are the levels that matter on the USD/CAD charts.

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Gold Drops on Solid Consumer Confidence Beat

The Conference Board's Consumer Confidence Index beat expectations for January, coming across the wires at 131.6 against expectations of 128.0

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US Dollar Boosted, GBP/USD Breaks Down Support - US Market Open

US Dollar remains supported on dampened risk appetite, GBP/USD slips through 1.30. UK gives Huawei 5G access.

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Gold Bulls at Risk Ahead of FOMC: Gold Price Technical Forecast

Gold prices caught another breakout last week as fear pushed the bid. But can buyers continue to drive with FOMC on deck?

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Market Sentiment Diving on China Virus Worries | Webinar

Trader confidence has been hit hard by concerns that the spread of the coronavirus could have a negative impact on economic growth in China and perhaps globally.

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EUR/USD, GBP/USD, DXY Charts: USD Outlook & More

The Dollar is breaking out, with the Euro leading the way lower right now, Cable sitting on important support; DXY generally pointed towards higher prices.

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Dow Jones & DAX Forecast: Key Levels to Watch Amid Coronavirus Risks

Risk sentiment remains on the backfoot as concerns over the Coronavirus continues to mount with over 4500 confirmed cases. DAX tests trendline support.

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British Pound (GBP) Latest: Trending Lower Amid Global Risk-Off Sentiment

With Brexit just three days away, the British Pound is weakening for the fifth successive session as risk assets fall globally in response to the coronavirus outbreak in China.

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Apple Earnings, CBO Fiscal Forecasts May Boost US Dollar

The US Dollar may rise after Apple – one of few companies with a trillion Dollar market cap – release their Q1 earnings. The Greenback may also rise on a key fiscal report.

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Gold Prices Steady As Virus Spread Saps Global Risk Appetite

Gold prices remain well-supported through a shallow pullback after closing at the highest level in nearly seven years as investors monitor the coronavirus’ international spread.

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EUR/USD Rate Forecast: November Low on Radar Following ECB Meeting

The November low (1.0981) sits on the radar for EUR/USD as the exchange rate extends the series of lower highs and lows from the previous week.

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Silver and Gold Prices Ripe for Retreat Ahead FOMC Outlook?

Despite recent gains in silver and gold prices amid the coronavirus panic, the precious metals may retrace their recent gains if the FOMC outlook cools demand for anti-fiat hedges.

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Euro May Fall with DAX Index as Coronavirus Spreads into Europe

The Euro and DAX equity index may fall as the coronavirus continues to spread across Europe, with a new case reported in Germany – the largest Eurozone economy.

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US Dollar May Rise vs NOK, SEK on Coronavirus Risks and FOMC

The US Dollar may extend its gains vs the sentiment-linked Swedish Krona and Norwegian Krone ahead of the FOMC rate decision and anxiety about the coronavirus.

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EUR/CHF Triggers Oversold RSI Signal Amid Flight to Safety

EUR/CHF trades at its lowest level since 2017, with the Relative Strength Index (RSI) pushing into oversold territory as there appears to be a flight to safely.

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Australian Dollar Forecast May Deepen Bearish: AUD/USD, AUD/JPY Fall

The Australian Dollar fell as the US Dollar and Japanese Yen rose, pushing AUD/USD and AUD/JPY to deepening bearish technical breakouts as coronavirus fears engulfed financial markets.

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Silver (XAG) Price Forecast: Can Risk Aversion Fuel a Silver Rally?

A spike in risk aversion has helped bolster gold and silver early this week. Can silver continue higher despite looming resistance?

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Canadian Dollar Forecast Remains Cloudy amid Declining Crude Oil Prices

Bank of Canada interest rate cut expectations continue to rise in the wake of the January BOC meeting. Now, rates markets foresee the first cut in April 2020 and a second cut in December 2020.

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Nasdaq 100, S&P 500 Forecasts: Will the Tumble Continue Despite Apple Earnings, FOMC Meeting?

Stocks gapped lower on Monday as coronavirus fears sparked risk aversion and investors reduced equity exposure. Will volatility continue or will the Fed wrest the market’s focus?

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Australian Dollar Price Analysis: Aussie Crushed, AUD/USD Nears .6700

The Australian Dollar has gotten crushed over the past few weeks. CPI is to be released tomorrow and the RBA is next week.

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Gold Price Outlook Brightens as Coronavirus Panic Spurs Volatility

Spot gold (XAU/USD) has potential to extend its ongoing ascent as bullion becomes buoyed by spiking volatility and deteriorating risk appetite due to the coronavirus outbreak.

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Oil Slammed, S&P Futures Fall; Risk Aversion Runs on Coronavirus Fear

Tones of risk aversion continue to show across global markets, but will fear continue to drive the bid?

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VIX Curve Inversion Does Not Bode Well For The S&P 500 - US Market Open

Global equities weaken as coronavirus spreads. VIX Curve inversion does not bode well for S&P 500. Italian political concerns recede.

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UK Weekly Webinar: GBP/USD, EUR/GBP and FTSE Eye BoE and Coronavirus Escalation

UK assets are under the spell of the upcoming Bank of England rate decision, while risk markets are under pressure from the continued spread of the deadly coronavirus.

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Crude Oil, S&P 500 Sink as Gold Prices Rally. Market Volatility Back?

The S&P 500 and crude oil prices experienced their worst week in months as gold prices rallied. The anti-risk Japanese Yen gained as fears of the deadly coronavirus spread into financial markets. A...

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British Pound (GBP) Latest: GBP/USD Respecting Support as BoE Decision Nears

Sterling remains slightly better bid as Europe comes into play although last Friday’s sell-off may prove difficult to reverse ahead of the BoE interest rate decision on Thursday. EU Brexit chief Ba...

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Yen Aims Higher on Coronavirus, Euro Up as Italy Risk Eases

The Yen is aiming higher amid worries about the economic impact of a coronavirus outbreak. The Euro is up after a regional election in Italy bolstered the government.

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Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one.

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Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one.

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USD May Rise as IDR, SGD and PHP Fall on Coronavirus Fears and Fed

The US Dollar may rise with USD/IDR, USD/SGD, USD/PHP and USD/MYR as coronavirus contagion fears hurt emerging markets. The Fed and its repo operations will be closely watched.

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Gold Prices and Yen Rise on Coronavirus Fears, Iraq Attack

Gold prices and the Japanese Yen rose while stocks and commodity-linked currencies fell as an attack on US forces in Iraq compounded worries about a coronavirus outbreak.

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Dollar, Gold, Yen: What are the Top Safe Havens of 2020?

It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different co...

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Japanese Yen, US Dollar May Gap Higher as Week Starts on Virus Fears

The anti-risk Japanese Yen and US Dollar may gap higher after a surge in coronavirus cases from China. Expect illiquid conditions with Chinese markets offline for the Lunar New Year.

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Weekly US Dollar Forecast: January Fed Meeting, Q4'19 US GDP on Tap

The forex economic calendar is supersaturated during the last week of January.

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Crude Oil, S&P 500 Sink as Gold Prices Rally. Market Volatility Back?

The S&P 500 and crude oil prices experienced their worst week in months as gold prices rallied. The anti-risk Japanese Yen gained as fears of the deadly coronavirus spread into financial markets. A...

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Dow Jones and FTSE 100 Forecast for the Week Ahead

Coronavirus latest shrugged off by Dow Jones, investors on Fed watch. FTSE 100 awaits Bank of England’s 50/50 rate decision.

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British Pound May Yet Fall on Brexit, BoE and Fed Are Risks

The British Pound may fall as Brexit commences, but will the Bank of England cut rates? The US Dollar could rise if the Fed spooks markets with plans to unwind repo operations.

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Crude Oil Prices May Struggle Even if Coronavirus Fears Abate

Crude oil prices have plunged amid fears that a coronavirus outbreak will derail a cautious rebound in global economic growth. They may not rise much if that risk abates.

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Australian Dollar Heavy, Eyes CPI As Last Big Clue Before RBA

The Australian Dollar has been hit by the risk-appetite pullback occasioned by the spread of Wuhan-strain coronavirus. This week may see some domestic focus return, if headlines allow, with key inf...

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Will the Stock Market Crash in 2020?

The stock market enjoyed an incredible rally in 2019 despite a string of warranted concerns. While many have been resolved, some of the most worrisome remain. Will they cause a stock market crash i...

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Canadian Dollar Price Outlook: USD/CAD Bulls at Risk- Loonie Levels

Canadian Dollar is down more than 0.5% this week with USD/CAD rallying into technical downtrend resistance. Here are the levels that matter on the Loonie weekly chart.

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China Makes a Bet Against the US Dollar as World Reserve Currency

There’s a significant reason why China has been issuing debt denominated in US Dollars.

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US Dollar Tests Fibonacci Resistance at Fresh Six-Week-Highs

The US Dollar has pushed up to a fresh six-week-high, testing a big zone of resistance. Can USD bulls continue to push?

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GBP/USD Forecast: Levels to Watch, Crude Oil Prices Plunge - US Market Open

UK PMI surge should see the Bank of England refrain from cutting interest rates next week. Euro eyes Italy risk, while crude oil plunges.

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Gold Price Outlook: XAU Prices Coil - Is Another Breakout Brewing?

Gold prices held the bid this week but horizontal resistance remains. Are Gold prices on the cusp of another bullish breakout?

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USD/CAD, EUR/USD, AUD/USD Technical Analysis for Next Week & More

USD/CAD rallied, but is reversing off of resistance while the Euro is breaking down below key support; there are a few other key developments to watch in week ahead.

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British Pound (GBP) Latest: Strong UK PMIs Support Positive GBP/USD Outlook

The British Pound remain one of the week’s best performing currencies, despite fears of a BoE rate cut next week. Finally, the Brexit process nears the end with EU chiefs signing off the Withdrawal...

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Crude Oil Analysis: Crude Price (CL/USD) Seeks Support as Coronavirus Spreads

A very bad week for oil bulls with prices collapsing throughout the week. Technical support looks tentative, while the fundamental backdrop remains weak.

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Euro Dollar Forecast: EUR/USD Risks to Resurface Amid Weekend Italian Election

Italy is back on the agenda as focus turns towards the regional Italian election. Government stability to wobble on Salvini win.

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Yen May Fall as Markets Cheer PMI Data, Backdrop Still Tense

The Japanese Yen may fall as PMI data from many of the world’s top economies suggests growth is firming. Follow-through might prove lacking however.

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Gold Prices Ease, WHO Avoids Naming Coronavirus Global Emergency

Gold prices remain well underpinned and risk appetite generally fragile as investors watch screens for coronavirus headlines. However, they retreated a little on the World Health Organization’s cla...

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How to Trade the Impact of Politics on Global Financial Markets

As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading oppo...

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Rupee 2020 Outlook: India Stagflation Risk May Boost USD/INR Rate

The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates.

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Australian Dollar May Not Have Much to Gain From US-China Deal

The Australian Dollar has risen in anticipation of a deal Washington and Beijing. But the Australia-China trade relationship has not suffered much and may even have been helped by China’s spat with...

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Japanese Yen, New Zealand Dollar Gain as Euro Depreciates Post ECB

The anti-risk Japanese Yen gained as fears of the coronavirus spread. The Euro depreciated as the ECB further pushed back tightening prospects. NZD/USD gained on New Zealand CPI data.

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Bitcoin (BTC) Price Forecast: Coin Probes Key Resistance, Fails First Test

Bitcoin has enjoyed a strong start to 2020, surging off support and into resistance offered by the 200-day simple moving average. After failing the first test, can bulls break above?

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NZD/USD Price Outlook: New Zealand Dollar Eyes Inflation & RBNZ

The New Zealand consumer price index (CPI) for 4Q-2019 is set to cross the wires Thursday, January 23 at 21:45 GMT and puts NZD price action at risk of experiencing outsized moves.

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EUR/USD Breaks Down, Oil Tests Key Support as Risk-Off Hints Appear

EUR/USD breaks down to fresh 2020 lows, but can sellers push through 1.1000? And further, can the US Dollar grind through a key resistance zone?

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Australian Dollar (AUD) Forecast: AUD/USD, AUD/CAD Rebounds Stall

The Australian Dollar enjoyed a brief rally on the back of encouraging jobs data, until broader risk aversion worked to undermine the initial gains. Can the jobs data propel AUD in the days to come?

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Oil Price Outlook: Crude Sinks 6% – WTI Targets Technical Support

Oil prices plummeted more-than 6% this week with crude targeting initial support targets just lower. Here are the trade levels that matter on the WTI technical charts.

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Euro Sinks on ECB: EUR/USD Fresh 2020 Lows, EUR/JPY Tests 121.00

It was a quiet outlay from the ECB but the single currency did push a bearish move. Will sellers be able to re-take control of the Euro?

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AUD/USD Rises, RBA Rate Cut Bets Slashed, EUR/USD Tests Support - US Market Open

Firm Australian Jobs report quells RBA rate cut expectations, prompting AUD/USD jump. EUR/USD tests support amid ECB, eyes on PMIs and Italy.

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Canadian Dollar Price Outlook: Loonie Breakdown Propels USD/CAD

The Canadian Dollar broke down yesterday as driven by the Bank of Canada rate decision. Does the move have continuation potential?

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ECB Leaves Rates Unchanged, As Expected; Euro Stable

The European Central Bank has left Eurozone interest rates and its bond-buying program where they were and has confirmed a policy review that could lead to a change in its inflation target.

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USD/CNH Price Analysis - Chinese Yuan Slump Continues as Coronavirus Fears Escalate

The sharp Chinese Yuan sell-off continues with USD/CNH back at a near two-week high as market participants become increasingly worried about the spread of the deadly Coronavirus.

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Dow Jones and S&P 500 Forecasts for the Day Ahead

S&P 500 uptrend persists; however, we caution chasing the market higher. Dow Jones edges lower, eyes on Boeing and Apple earnings

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British Pound (GBP) Latest: Break Higher Points to Further Gains

The outlook for GBP/USD has brightened after a breach of key resistance Wednesday. The Brexit Bill completed its passage through Parliament and will now become law.

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Euro May Fall as the ECB Stays Cautious Despite Economic Upturn

The Euro may fall as the ECB maintains a cautious tone despite recently improving economic conditions. Details of its upcoming policy review will be closely watched.

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Crude Oil Price Down on Coronavirus Worries, US Stocks Drop

Crude oil prices continued to fall victim to the weaker risk appetite evident as investors watched headlines for news of the coronavirus. Beijing has taken steps to quarantine the city of Wuhan whe...

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Bullish Gold Price Outlook Mired by Recent Developments in RSI

Recent developments in the Relative Strength Index (RSI) offer a mixed outlook for the price of gold as the oscillator struggles to retain the upward trend from December.

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EUR/USD January Opening Range Casts Bearish Outlook with ECB on Hold

The opening range for 2020 raises the scope for a further decline in EUR/USD as the correction from last year failed to produce a test of the August high (1.1250).

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Australian Dollar Up as Job Creation Surges Again, But Full-Time Roles Fall

The Australian Dollar got a boost as its home country's job-creation machine keeps rolling. However December's 28,900 new jobs were solely accounted for by part-time positions.

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USD/CAD, GBP/CAD, AUD/CAD Rates Soar. BoC, BoE Next Rate Move Eyed

The Canadian Dollar weakened as USD/CAD, AUD/CAD and GBP/CAD rose on a dovish BoC. The British Pound gained as upbeat UK business confidence cooled Bank of England rate cut bets.

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AUD/USD, AUD/JPY & AUD/CAD: Australian Dollar Turns to Jobs Data

Expected currency volatility in the Australian Dollar is spiking ahead of the upcoming release of Australia employment data with AUD price outlook hinging largely on the latest labour force report.

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Crude Oil Price Outlook: WTI Falters, Can Support Rescue Price?

Crude oil suffered another string of declines this week as it clings to trendline support and the 200DMA. While it has buoyed price for now, it may only delay the inevitable break.

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Sterling Price Outlook: British Pound Breakout Trade- GBP/USD Levels

Sterling surged 1.4% against the Dollar off the monthly lows with the rally breaking the December downtrend. Here are the levels that matter on the GBP/USD charts.

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New Zealand Dollar Price Outlook: Kiwi Nears Support- Bears Beware

New Zealand Dollar is off more than 2.4% from the December highs with Kiwi now targeting confluence support. Here are the levels that matter on the NZD/USD weekly chart.

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Canadian Dollar Outlook Deteriorates after January BOC Rate Decision

A stark change in tone from the BOC from just earlier this month caught traders by surprise, sending the Canadian Dollar tumbling across the board.

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GBP/USD Breaking Out, EUR/USD Muted as Italian Fears Resurface - US Market Open

GBP/USD back on the rise as post-election data quells rate cut expectations. EUR/USD fails to find boost as Italian fears resurface. CAD looks to BoC

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Euro Price Outlook: EUR/USD Tests Support, ECB on Deck

Euro and USD markets are quiet; but traders should look to avoid being lulled to sleep by a lack of vol as a change at the ECB can bring big impact.

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Nasdaq 100, DAX, Oil & More – Charts to Watch

The NDX is in full-on bull mode, but is the end nearing? DAX working on record highs, while oil is looking to break support.

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EUR/USD Price Analysis: Fresh One-Month Low as 2020 Downtrend Continues

EUR/USD continues to slip lower with the charts now looking technically weak. Thursday’s ECB meeting and Friday’s EZ and German PMIs may be the guide to whether this weakness will continue.

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Canadian Dollar Price: USD/CAD Primed for Range Breakout - BoC and CPI Ahead

The Canadian dollar is set up for a busy session with the Bank of Canada rate decision and the latest inflation release both out later in the session. Will it be enough to break the recent USD/CAD ...

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British Pound (GBP) Latest: GBP/USD Testing Resistance

GBP/USD is testing trendline resistance at the upper boundary of a triangle chart pattern as Johnson is defeated again in the House of Lords on Brexit.

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Euro Under Dark Clouds as Trump Threatens Auto Tariffs

The Euro may continue to fall against its major counterparts if the specter of a reignited EU-US trade war haunts the currency after Trump threatened auto tariffs.

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Gold Prices Slip As Risk Appetite Holds Up Despite Coronavirus Fears

Gold prices were lower in Asia on Tuesday as stock markets and the US Dollar broadly held up despite the ongoing spread of coronavirus out of China .

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AUD/USD Weakness to Persist as Bullish RSI Formations Falter

Recent developments in the Relative Strength Index (RSI) instills a bearish outlook for AUD/USD as the oscillator snaps the upwards trends carried over from 2019.

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Canadian Dollar, Australian Dollar Outlook: Positioning Hints Lower

The Canadian Dollar and Australian Dollar outlook may favor the downside based on positioning signals. This is as USD/CAD faces the BoC while AUD/USD awaits Australia’s jobs report.

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Crude Oil, Natural Gas Prices Part Ways. What Does This Mean?

The current astonishing price difference between crude oil and natural gas may tell us much less about global growth prospects than you might think.

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Japanese Yen, Gold Prices May Retreat on Davos Forum

The Japanese Yen and gold prices may fall if commentary from the forum in Davos pressures haven-linked and anti-fiat-hedging assets. However, fear over the coronavirus may counterbalance losses.

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NZD/USD Rate to Recoup Losses on Strong New Zealand CPI

An uptick in New Zealand’s Consumer Price Index (CPI) may curb the recent decline in NZD/USD as it encourages the RBNZ to retain the current policy.

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GBP/USD Rate May Rise, Yen Gains as China Virus Sinks Stocks

The British Pound may extend its rally after an upbeat UK jobs report on GBP/USD technical signals. The anti-risk Japanese Yen rose as the China virus sunk stocks around the world.

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Dow Jones, Nasdaq 100, S&P 500 Outlook: Boeing, Netflix Drag on Stocks

The S&P 500, Dow Jones and Nasdaq slipped lower on Tuesday as risk aversion took hold and Boeing plummeted. Meanwhile, Netflix missed on earnings, how will the Nasdaq 100 react?

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US Dollar Resistance Test, USD/CAD Tightening Range: Webinar

It's a low vol type of backdrop across FX major pairs. But that doesn't mean it will last forever.

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Euro Forecast: Breakout or Breakdown? Key Levels for EUR/JPY & EUR/USD

The Euro has been out of the spotlight thanks to the US-China trade war Phase 1 deal, US-Iranian tensions, the Brexit deadline, and now, the Chinese coronavirus.

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US-EU Trade War Averted as France Concedes on Digital Services Tax

The United States and France reached a temporary agreement to delay US retaliatory tariffs this week after France said it will wait to collect digital services tax payments from US companies

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Bitcoin (BTC) Price Forecast: Coin Probes Key Resistance, Fails First Test

Bitcoin has enjoyed a strong start to 2020, surging off support and into resistance offered by the 200-day simple moving average. After failing the first test, can bulls break above?

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Australian Dollar Price Outlook: Aussie Bears Testing AUD/USD Support

Australian Dollar is carving a weekly opening-range above near-term support and we’re looking for the break. Here are the levels that matter on the AUD/USD charts.

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GBP/USD & EUR/USD Rise, USD Dips, Chinese Virus Outbreak Raises Concerns - US Market Open

Global equities dip on China’s virus outbreak, while Euro and Sterling rise on stronger data.

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US Dollar Pulls Back from Resistance Test: AUD/USD, GBP/USD

US markets are returning from an extended holiday weekend, and the ECB and BoC are set to offer rate decisions this week.

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China Virus Fears Knock Risk Sentiment | Webinar

Concerns about the coronavirus outbreak in China have damaged market confidence but the impact so far has been minor and there is unlikely to be a long-term effect.

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British Pound (GBP) Latest: Brexit Defeats for Johnson in House of Lords

GBP/USD will likely continue to trade around 1.30 near-term despite three Brexit defeats for the UK Prime Minister in Parliament and continuing speculation that UK Bank Rate will be cut.

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Gold Price Forecast - XAU/USD Hits a Two-Week High as Risk Markets Crack

The price of gold (XAU/USD) has been boosted in early turnover by a wave of risk-off sentiment in the global markets on increased fears that the deadly coronavirus is spreading further.

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Euro May Rise on ZEW Survey and Davos Forum Opening

The Euro may rise if comments from the World Economic Forum in Davos, Switzerland cool ECB rate cut bets against the backdrop of favorable German ZEW data.

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Crude Oil Prices Slip. Coronavirus Fears, HK Rating Cut Sap Risk Appetite

Crude oil prices retreated in Asia along with those of other growth-correlated assets as some new problems surfaced to darken what had been a bright new year outlook.

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Gold Price Eyes Monthly High as RSI Continues to Track Upward Trend

The price of gold may continue to retrace the decline from the monthly high ($1611) as the Relative Strength Index (RSI) tracks the upward trend from December.

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US Dollar May Fall vs NOK, SEK on Davos Forum, Growth Outlook

The US Dollar may fall against the Swedish Krona and Norwegian Krone if commentary from officials at the Davos forum uplift market mood and pressure haven-linked currencies.

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Yen Up As WHO to Meet on Coronavirus

The Japanese Yen caught a bid as did other haven assets as the World Health Organizations said it would meet Tuesday to discuss the outbreak which has seen cases as far from China as Japan and Thai...

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AUD/USD, NZD/USD Outlook Looks Past Stocks to Rate Cut Bets

The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the S&P 500. What does this mean for AUD/USD and NZD/USD ahead?

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USD/CAD Rate to Take Cues from Bank of Canada (BoC) Forward Guidance

The Bank of Canada (BoC) interest rate decision may influence the near-term outlook for USD/CAD as the central bank remains reluctant to reverse the rate hikes from 2018.

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Japanese Yen May Fall on EU-US Trade Truce as JPY Looks Past BoJ

The anti-risk Japanese Yen may fall if Asia stocks rally on the EU-US trade truce, looking past the Bank of Japan. Technicals seem to point towards near-term JPY strength however.

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USD Forecast: FOMC & Trade Deal to Hinder US Dollar Rebound

Fundamental outlook for the US Dollar remains unfavorable considering the Fed plans to keep inflating its balance sheet while markets grow exuberant and frothy amid an absence of volatility.

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Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead

A trade deal signing coupled with a string of earnings from the country’s largest banks saw the Dow Jones drive to new records. Can stocks maintain this pace without further catalysts?

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IMF Predicts Modest Global Growth; US GDP to Fall in the Next 2 Years

Global growth is projected to rise to 3.3% in 2020 from 2.9% in 2019, according to the latest IMF World Economic Outlook, slower than previously expected.

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UK Market Webinar: GBP/USD, EUR/GBP and FTSE all Eye UK PMIs

UK financial markets are trading sideways in thin turnover as traders’ thoughts turn to the all-important UK PMI releases at the backend of the week.

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Weekly Crude Oil Forecast: Searching for Stability

Energy markets have had a volatile January so far, defined by the ebbs and flows of the geopolitical tensions between the US and Iran.

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S&P 500 Hits Record, USD Up. JPY, CAD, EUR Outlook Eye Rate Decisions

The S&P 500 sets record highs but forex volatility remains low. Will the Bank of Japan, the Bank of Canada and the European Central Bank awake the Yen, Canadian Dollar and Euro? The IMF and World E...

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Bitcoin (BTC) Price Rally Cracks, Hit by Weekend 'Flash Crash'

The recent Bitcoin (BTC) rally was bought to a shuddering halt over the weekend as the dominant cryptocurrency fell over $500 in less than one hour.

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British Pound (GBP) Latest: GBP/USD Probing Recent Support Levels

GBP/USD is back below 1.3000 and testing support as traders begin to price-in fears that UK-EU post-Brexit trade talks may well be more fractious than first thought.

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China-Sweden Tensions Flare Up: Another Trade War in 2020?

While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world.

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Gold Prices Still Helped by Interest Rate Prospects Despite Stock Gains

Gold prices rose as a new week got under way. They remain resilient despite a clear rise in risk appetite as the prospect of low interest rates underpins the asset.

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EUR/USD Rate Susceptible to Range Bound Prices Ahead of ECB Meeting

EUR/USD may face range bound conditions ahead of the ECB meeting amid the failed attempt to clear the monthly low (1.1085).

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USD/IDR, USD/MYR, USD/PHP, USD/SGD Fundamental Week Ahead

The US Dollar fell against ASEAN currencies. USD/IDR touched its lowest since February 2018. Bank of Indonesia is ahead as USD//MYR eyes Bank of Malaysia. USD/SGD faces Singapore CPI.

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AUD/USD Monthly Low on Radar amid Muted Reaction to US-China Deal

AUD/USD may continue to give back the rebound from the monthly low (0.6849) amid the muted reaction to the US-China trade deal.

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US Dollar Rose as British Pound Fell, AUD and NZD to Remain Flat?

The US Dollar gained as the British Pound fell on BoE rate cut bets. The S&P 500 set record highs and the Australian and New Zealand Dollars failed to capitalize on this again.

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S&P 500 Hits Record, USD Up. JPY, CAD, EUR Outlook Eye Rate Decisions

The S&P 500 sets record highs but forex volatility remains low. Will the Bank of Japan, the Bank of Canada and the European Central Bank awake the Yen, Canadian Dollar and Euro? The IMF and World E...

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Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead

A trade deal signing coupled with a string of earnings from the country’s largest banks saw the Dow Jones drive to new records. Can stocks maintain this pace without further catalysts?

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British Pound May Fall as Carney, PMI Stoke BOE Rate Cut Bets

The British Pound may fall as swelling Bank of England rate cut expectations take center stage while the ongoing Brexit saga fades into the background.

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Gold Prices May Rise if Davos Forum, IMF Outlook Spur Easing Bets

Gold prices may rise if commentary from officials at the Davos forum kindle easing bets and inflame demand for anti-fiat hedges like the yellow metal. Other key catalysts may also magnify this effect.

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US Dollar Faces Bearish Fundamental Headwinds from the Fed & Trade

Fundamental outlook for the US Dollar remains unfavorable considering the Fed plans to keep inflating its balance sheet while markets grow exuberant and frothy amid an absence of volatility.

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Australian Dollar Propped By Broad Risk Appetite as Jobless Figures Loom

The Australian Dollar will face arguably its most important monthly data release this week, with official labor market stats are due. Sadly, these can be very tough to call.

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Silver Price Forecast: Will XAG/USD Consolidate Further?

After rallying on the back of tensions in the Middle East, silver has moved to consolidate recent gains beneath resistance. Can it break higher, or is further consolidation required?

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US Dollar Strength Continues on Consumer Sentiment

The University of Michigan Consumer Sentiment Index crossed the wires at 99.1 Friday morning, missing expectations of 99.3

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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

All currencies are not the same; emerging market FX trades differently than developed market FX.

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USD Outlook: US Dollar at Resistance Ahead of Consumer Sentiment

Consumer sentiment data due Friday shortly after the New York opening bell has potential to weigh materially on the US Dollar as forex traders shift focus away from US-China trade deal headlines.

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Gold Price Outlook: XAU Charges Above Key Level, Can Bulls Maintain?

Gold prices moved in for a re-test of key resistance this morning but, so far bulls have been unable to continue the move.

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Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) - Cryptocurrency Rally Continues

The cryptocurrency rally continues with a swathe of coins making multi-week highs and continuing to paint a positive picture for the sector.

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British Pound (GBP) Latest: UK Retail Sales, Brexit Demands and Sterling Support

The British Pound continues to push slowly higher with all eyes now on the latest UK retail sales data. In the background, the EU and UK continue to prepare for life after Brexit.

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US Dollar May Fall if Consumer Data Fuels Fed Easing Bets

The US Dollar may retrace some of its recent gains if consumer confidence data underwhelms and inflames 2020 Fed rate cut bets.

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Stocks May Turn Defensive with US Presidential Election Eyed

Global stocks may turn defensive as the calendar turns to 2020 and financial markets turn their attention to the outcome of the US presidential election.

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Crude Oil Prices Edge Down as Market Mulls On-Target China Growth

Crude oil prices have plenty of fundamental drivers at present. Chinese growth loomed large Friday. It came in exactly as markets expected but remains weak by recent standards.

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AUD/USD, NZD/USD Outlook Looks Past Stocks to Rate Cut Bets

The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the S&P 500. What does this mean for AUD/USD and NZD/USD ahead?

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Why Markets Will be Closely Watching US Housing Data in 2020

Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat.

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Australian Dollar Firm As China GDP Matches 27-Year Low

The Australian Dollar edged higher as China's growth data for 2019's final quarter came in as expected at 6.0%. This is still very weak by recent history, but at least on track to official targets.

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Dollar, Yen Crosses and Global Indices Test Resistance as Dow Extends Rally

The speculative flush after the US-China Phase One deal signing urged US indices to a gap higher and record highs Thursday. Meanwhile, other risk benchmarks are facing tech barriers alongside the D...

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NZD/USD Rate Outlook Undermined by Bearish RSI Behavior

NZD/USD may continue to give back the correction from the 2019 low as the RSI falls back from overbought territory and snaps the bullish trends from the previous year.

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Japanese Yen Prices Fall, USD/JPY Rally May Extend on China GDP

The anti-risk Japanese Yen fell as U.S. retail sales sent the S&P 500 rallying, the US Dollar ended flat. China Q4 GDP may further sink the Yen as USD/JPY eyes highs from May 2019.

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US Dollar Forecast: USD Lacking Impetus Ahead of Consumer Sentiment

Consumer sentiment data due Friday shortly after the New York opening bell has potential to weigh materially on the US Dollar as forex traders shift focus away from US-China trade deal headlines.

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Australian Dollar (AUD) Outlook: AUD/USD, AUD/CAD, AUD/NZD

The Australian Dollar has been rather timid despite the US-China trade deal signing. While other risk assets like the S&P 500 have pushed to record levels, AUD remains contained.

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Dow Jones Hits Record High as CSX Lowers Outlook

CSX earnings beat guidance for the fourth quarter, but guided revenue to drop 2% or remain flat for the year ahead, sending the stock down 4% after hours

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FX Price Action: Wait for the Major Breaks or Look Between the Swings

It's slow out there, but that doesn't mean it'll remain that way for long. Prepare and adapt.

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How to Invest During a Recession: Investments & Strategy

Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.

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Gold Price Outlook: XAU/USD at Risk for Further Losses- GLD Levels

Gold prices plummeted more than 3.8% off the monthly highs and near-term recoveries could be short-lived. Here are the levels that matter on the XAU/USD charts.

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US Dollar Mixed, Platinum Prices on Verge of Seismic Breakout - US Market Open

US Dollar mixed, NZD/USD the moderate outperformer, while key technical break could see Platinum on course for an increasing bullish outlook.

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Sterling Price Analysis as Cable Corrects: GBP/USD, EUR/GBP, GBP/JPY

The British Pound started 2020 with bearish pressure. But buyers have been on the return over the past few days and the door may be open for further gains.

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Swiss Franc (CHF) Price Outlook Positive After 'Currency Manipulator' Tag

Recent weakness in both USD/CHF and EUR/CHF looks set to continue after the US named Switzerland as a currency manipulator earlier this week.

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Litecoin (LTC) Price Analysis: Bullish Breakout or Fake Break?

Litecoin’s latest surge has advanced theories that the longer-term bear market in the cryptocurrency space maybe over. However, questions over the technical validity of the move remain.

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Canadian Dollar Forecast: USD/CAD Short-Term Weakness Likely to Continue

The Canadian dollar continues to appreciate against its American neighbour and the next move lower in USD/CAD may start shortly as short-term technical indicators come into focus.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

Australian Dollar continues to consolidate above 200DMA, however, next catalyst could spark a reversal.

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Brexit Briefing: UK-EU Trade Talks to Begin Late February or Early March

UK-EU trade talks will start soon after Brexit on January 31, according to the European Commission President. Meanwhile, GBP/USD continues to edge higher.

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US Dollar May Rise on Key Data: Holiday Spending in Focus

USD may rise if retail sales data shows that the consumer - the backbone of the US economy - remains strong. However, a weaker print could inflame Fed rate cut bets and push the Greenback lower.

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Gold Prices Edge Down as US-China Trade Deal Boosts Risk Appetite

Gold prices were a bit weaker as the markets mulled the phase one accord signed in Washington. Still, they are holding up at high levels despite improved risk appetite.

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USD/CAD Consolidation to Persist Beyond US Retail Sales Report

USD/CAD may continue to track the range from earlier this week as the US Retail Sales report is likely to have a limited impact on the monetary policy outlook.

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ASX Soars, Nikkei Snores. US-China Deal Has Uneven Stocks Impact

The ASX soared when China and the US signed their long-awaited phase-one accord. The Nikkei was much more sanguine even though Japan is a bigger Chinese partner than Australia, overall.

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AUD/USD Outlook: China GDP in Focus Following Phase One Trade Deal

The muted reaction to the Phase One trade deal undermines the recent rebound in AUD/USD as China’s GDP report is anticipated to show record-low growth.

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US Dollar Falls, Japanese Yen May Follow after US-China Trade Deal

The US Dollar aimed cautiously lower as the US and China signed the “phase one” trade deal. Will this be enough to send Asia markets to the upside, denting the anti-risk Japanese Yen?

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USD Forecast: US Dollar Turns to Retail Sales Data Post-Trade Deal

The US Dollar dropped on Wednesday with USD prices pressured lower partly due to lack of demand for havens while market participants celebrated the US-China phase one trade deal signing.

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Dow Jones, Nasdaq 100 Forecast: Will Traders Sell the Trade Deal News?

The US and China met in Washington to sign the first phase of a trade deal between the two nations. Despite the signing, stocks were largely indifferent, and some sensitive sectors moved off their ...

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Japanese Yen Forecast: Are the USD/JPY & AUD/JPY Rallies Overcooked?

The Japanese Yen has suffered versus the US and Australian Dollars as volatility and risk aversion have receded in recent weeks. With the potential for volatility ahead, will the Yen rebound?

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Euro Price Outlook: EUR/USD Rally Eyes Resistance- Dollar at Risk

Euro rallied more than 0.7% off the monthly low vs the US Dollar with price now targeting a key resistance pivot. Here are the levels that matter on the EUR/USD charts.

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Dollar Drops, Dow Drives to Record as Trump Signs China Trade Deal

Phase-one of the US-China trade deal was signed at the White House by President Trump and Chinese Vice Premier Liu He today and solidifies a positive step forward away from their trade war.

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Gold Price Outlook: XAUUSD Support Bounce Finds Sellers at 2019 High

Gold prices have already put in some considerable movement in the New Year, but with fear getting priced-out, is the door closing for Gold bulls?

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US Dollar Forecast: Bulls on Parade? Not Quite - Key Levels for DXY Index

The US Dollar started off 2020 strong but has failed to capitalize on gains in the first half of January: the downtrend from September 2019 remains intact.

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S&P 500 at Risk Despite US-China Trade Deal, GBP/USD Dips as BoE Rate Cut Bets Rise - US Market Open

Gains in the S&P 500 look stretched, markets have already priced in US-China phase 1 trade deal. GBP/USD dips on rising BoE easing bets.

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Crude Oil Price Outlook: Crude Catches Trendline Support - WTI Levels

After a quick rush of excitement to start the year, Crude Oil prices have softened and are now down almost 5% from last year's close.

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Dow Jones, DAX, Oil & More – Charts to Watch

The Dow has a slightly bearish short-term pattern to it but generally bullish, the DAX contends with the ATH, while crude oil is directionless for the most part but could bounce.

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Sterling (GBP) Outlook: Weaker-Than-Expected UK Inflation Data Hits GBP/USD

The British Pound fell after the latest set of UK CPI data showed inflation weakening in December to a three-year low, further fueling expectations of a 0.25% interest rate cut at the end of January.

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S&P 500 Outlook: Warning Signal Raises Risk of Market Correction

Upside beginning to look stretched as equity markets continue to march higher. Warning signals suggest top is near.

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Brexit Briefing: London Stocks at Risk From UK-EU Trade Talks

UK equities will likely face downward pressure this year as the UK and the EU face difficult trade negotiations after Brexit in 16 days’ time. The FTSE 250 could underperform the FTSE 100.

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Stocks in China Drop as US Trade Deal Signing Nears. Why?

Stocks in China are falling as a much-anticipated ‘phase one’ trade deal with the US is about to be signed, warning of a “buy the rumor, sell the fact” scenario.

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GBP May Fall on CPI as Murky Data Inflames BoE Easing Bets

The British Pound may fall on local CPI statistics as UK economic data continues to underperform and inflame ‘near-term-stimulus’ expectations from the Bank of England.

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Crude Oil Prices Test 3-Week Lows as US-China Trade Deal Looms

Crude oil prices continue under pressure despite the risk appetite optimism generated by the long-awaited approach of an interim trade deal between China and the US.

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Japanese Yen Outlook: USD/JPY, AUD/JPY Rates May Rise on Short Bets

The anti-risk Japanese Yen faces the US-China phase one trade deal and repo operations from the Fed. Market positioning seems to favor the upside in USD/JPY and AUD/JPY for now.

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Silver, Gold Prices May Fall on Trade Deal. XPD/USD to Rise?

Silver and gold prices may fall on trade war optimism if rhetoric from officials cools Fed rate cut bets along with demand for anti-fiat hedges. On the other hand, Palladium may rise.

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Australian Dollar May Not Have Much to Gain From US-China Deal

The Australian Dollar has risen in anticipation of a deal Washington and Beijing. But the Australia-China trade relationship has not suffered much and may even have been helped by China’s spat with...

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New Zealand Dollar at Risk on US Reluctance to Ease Tariffs

The US-China trade deal may do little to curb the recent weakness in NZD/USD as the Trump administration remains reluctant t to rollback tariffs.

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NZD/USD Rate May Fall, S&P 500 Uptrend Pauses Ahead of Trade Deal

The NZD/USD may turn lower after the S&P 500 paused its rise. About $360b in US tariffs against China could remain after the “phase one” trade deal until after the presidential election.

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3 Things to Know When Trading Earnings Announcements

Earnings season is a period ripe with trading opportunities and volatility but can be unpredictable. Here are 3 things to know when trading earnings season.

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USD Price Outlook: US Dollar Finds Resistance Inside of Big Level

This webinar was centered around price action setups on the US Dollar. Can USD bulls continue to push?

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Japanese Yen Forecast: Are the USD/JPY & AUD/JPY Rallies Overcooked?

The Japanese Yen has suffered versus the US and Australian Dollars as volatility and risk aversion have receded in recent weeks. With the potential for volatility ahead, will the Yen rebound?

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S&P 500 Muted as Banks Prime US Earnings Season ahead of Phase-One Signing

The S&P 500 remains largely unchanged this morning following mixed results from JP Morgan, Wells Fargo, and Citi Group

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Australian Dollar Price Outlook: Aussie Range Break to Offer Guidance

Australian Dollar is carving a weekly opening-range just below uptrend resistance and we’re looking for the break. Here are the levels that matter on the AUD/USD charts.

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Swiss Franc (CHF) on Currency Manipulating Watchlist, GBP/USD to dip on BoE Dove - US Market Open

Swiss Franc placed on US currency watchlist. EUR/CHF drops to lowest since April 2017. GBP eyes BoE dove.

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Canadian Dollar Price Outlook: USDCAD Price Action Deeper in Triangle

USD/CAD sold-off from a key level of resistance around last week's US and Canada jobs releases.

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US Dollar Charts: EUR/USD, DXY, USD/JPY & More

The US Dollar is in a tricky spot, working on building a new trend lower or simply a correction before a renewed surge higher?

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Sterling (GBP) Price Forecast - BoE Doves Challenge GBP/USD Support Levels

Sterling remains under pressure and currently trades sideways below 1.3000 against the US dollar after recent dovish commentary from voting members on the BoE MPC.

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Brexit Briefing: UK PM Johnson Expects Trade Deal by Year-End

The British Prime Minister is still confident of a trade agreement with the EU; however, the near-term direction of GBP will likely be determined by UK economic data and rate-cut expectations.

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US Dollar May Rise on CPI Data, EU Trade Talks and Fed-Speak

The US Dollar may rise ahead of EU-US trade talks against the backdrop of critical CPI data and the economic outlook from Kansas City Fed President Esther George.

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Gold Prices Down a US-China Trade Deal Hope Buoys Risk Appetite

Gold prices remained under pressure on the eve of the signing of a long-awaited phase-one trade deal between China and the US. Chinese trade numbers weighed on haven assets by surging ahead.

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Post-NFP EUR/USD Strength Undermined by January Open Range

EUR/USD extends the advance following the NFP report, but the opening range for 2020 undermines the recent strength in the exchange rate.

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USD at Risk to SGD, IDR, MYR and PHP. US-China Phase One in Focus

The Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso are rallying versus USD ahead of a highly-expected US-China phase on trade deal signing. Can it prolong?

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Australian Dollar Up as China Imports, Exports Surge, Trade Deal Eyed

The Australian Dollar headed up a little on extremely robust trade numbers out of China. Focus is of course on this week’s impending trade deal between that country and the United States.

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USD/CAD Forecast: 2020 Opening Range Foreshadows Larger Rebound

The monthly opening range raises the scope for a larger rebound in USD/CAD as the exchange rate fails to test the 2019 low (1.2952) during the first full week of January.

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GBP Sinks, USD/JPY Clears 110. US Removes China as FX Manipulator

The British Pound fell as BoE rate cut bets rose. This is as USD/JPY cleared 110 as the US dropped China’s currency manipulator label ahead of the phase one trade deal signing.

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Canadian Dollar Price Outlook: USD/CAD Breakout Trade – Loonie Levels

Canadian Dollar is carving a well-defined weekly range just above uptrend support and we’re looking for the break. Here are the levels that matter on the USD/CAD charts.

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3 Things to Know When Trading Earnings Announcements

Earnings season is a period ripe with trading opportunities and volatility but can be unpredictable. Here are 3 things to know when trading earnings season.

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US Dollar Forecast: USD Charts & Levels to Watch This Week

The US Dollar Index is testing a key technical resistance level as USD price action attempts to reverse its recent downtrend after trading roughly 1% higher so far this year.

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New Year, Old Policies: Maintain the Path on Interest Rates - Central Bank Watch

G10 central banks appear to be ready to chart the same path that they followed as 2019 ended.

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Japanese Yen vs US Dollar Breakout, USD/JPY Hits 7-Month Peak - US Market Open

USD/JPY breaks descending trendline to hit 7-month high. GBP/USD hit on more dovish BoE comments, while GDP contracts. USD/CAD awaits Bank of Canada survey.

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Crude Oil, Gold Prices, US Dollar, British Pound and Stocks. Where to?

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FTSE 100 Weekly Outlook: Key Trendline Curbs Breakout, BoE Easing Bets Rise

The FTSE 100 has begun the week on the front foot as the index receives a lift from a slightly softer Sterling. Eyes on UK data as markets pricing in BoE easing.

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Gold Price Outlook - Slipping Towards Short-Term Support

Gold continues to move lower in early turnover as risk assets remain bid ahead of this week’s US-China trade deal.

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British Pound May Fall on Industrial Data After BoE Warning

The British Pound may fall on a slew of manufacturing data amid ongoing Brexit uncertainty and the Bank of England’s chilling message from last week.

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Crude Oil Prices Edge Up as US-China Trade Hopes Supplant Iran Worries

Crude oil prices managed very slight gains in the Asia session Monday, even as the Iran risk premium seems to be coming out of the market.

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Gold Price to Stage Larger Pullback on RSI Sell Signal

The price of gold may stage a larger pullback as the RSI struggles to hold in overbought territory, with the oscillator on the cusp of flashing a textbook sell-signal.

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Crude Oil, NOK and SEK May Rejoice on Trade War Optimism

Crude oil along with the petroleum-linked Norwegian Krone and Swedish Krona may rise on US-China trade war optimism, though trouble in Europe Asia may erase their gains.

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Rupee 2020 Outlook: India Stagflation Risk May Boost USD/INR Rate

The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates.

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AUD/USD Rate Outlook Hinges on Details of US-China Trade Deal

The details surrounding the US-China trade deal may influence the near-term outlook AUD/USD if the agreement foreshadows less demand for Australian exports.

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AUD/USD, NZD/USD Gain. Japanese Yen May Rise as Week Gets Going

The Australian Dollar and New Zealand Dollar rose while USD fell following a rather disappointing non-farm payrolls report. The anti-risk Japanese Yen may climb as the week begins.

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Crude Oil, Gold Prices, US Dollar, British Pound and Stocks. Where to?

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Dow Jones, Nasdaq 100, DAX 30 Forecasts: Trade and Earnings to Headline

Last week global equity markets had to weather a tense geopolitical flare up between the United States and Iran. This week, the all too familiar US-China trade war will take center stage once more.

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Gold Price Weekly Forecast: Is the Gold Price Break a False Alarm?

Gold prices rally to highest level since March 2013 on geopolitical concerns. Calming of tensions pares gold spike. Eyes on US-China phase 1 sign off.

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US Dollar Outlook Bullish on Trade Deal, Retail Sales Data

The US Dollar may rise if optimism on US-China trade relations and better-than-expected retail sales data deflates 2020 Fed rate cut bets.

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Crude Oil Weekly Forecast: Oil Price Needs Support, Eyes US-China Trade Deal

Next week’s signing of phase one of the US-China trade deal, on January 15, may underpin crude oil prices at current levels after this week’s sharp selloff.

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Australian Dollar May Gain If Global Focus Moves From Iran to Trade

The Australian Dollar saw sharp falls as US-Iran confrontation drained risk appetite. De-escalation could see some of these clawed back this week.

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New Zealand Dollar Forecast: NZD/USD, NZD/CAD, AUD/NZD

The New Zealand Dollar has fallen against many of the other major currencies in recent days as it encountered a series of technical barriers across different pairs. Will it continue lower?

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Oil Price Forecast: Crude Searches for Support after Sliding 10%

Crude oil prices spiked to April 2019 highs on the back of elevated geopolitical risk in the Middle East earlier this week, but the commodity has since slid over 10% as tension simmers.

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New Year, Old Policies: Maintain the Path on Interest Rates - Central Bank Watch

G10 central banks appear to be ready to chart the same path that they followed as 2019 ended.

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Nonfarm Payrolls (NFP) Drives the US Dollar & Currency Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average currency vo...

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Sterling Price Outlook: British Pound Sinks into Support– GBP Levels

British Pound is down nearly 1.8% since the start of 2020 with Sterling now eyeing multi-month uptrend support. Here are the levels that matter on the GBP/USD charts.

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USD/CAD Peels Back, US Dollar Falls on US, Canada Employment Reports

It's jobs day and both US and Canadian employment numbers were released to markets. While USD has been rather uneventful, USD/CAD remains of interest.

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US Dollar Drops as NFP Report Misses, USD/CAD Plunges

USD price action dropped to session lows after a worse-than-expected nonfarm payrolls report soured sentiment toward the US Dollar as job growth continues to slow.

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DAX Weekly Forecast: Germany's DAX Chasing Record High

Relief rally in the DAX 30 pushes the index towards its record peak. Eyes on US and China signing Phase 1 trade deal.

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EUR/USD Price Forecast: Sell-Off Continues as US NFPs Loom Large

EUR/USD sellers remain in control and the pair are currently struggling to break above 1.1100. US NFPs are released this afternoon and will drive price action into the weekend.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

Australian Dollar supported on firm retail sales. AUD/USD consolidates following recent reversal.

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US Dollar May Rise if Jobs Data Cools Fed Rate Cut Bets

The US Dollar may continue its ascent if nonfarm payrolls data comes in stronger-than expected and cools 2020 Fed rate cut bets.

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Gold Prices Slip Back as Risk Appetite Endures, US Payrolls Eyed Next

Gold prices edged still lower as markets remain confident that they've seen the worst of US-Iran relations for now. Focus is returning to trade, with some optimism clearly evident.

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AUD/USD Down, S&P/ASX 200 Up on RBA Interest Rate Cut Bets

Australian Dollar and S&P/ASX 200 stock index price action warns that investors are pining for RBA rate cuts amid worries about weakness in the local economy.

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Rupee 2020 Outlook: India Stagflation Risk May Boost USD/INR Rate

The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates.

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Gold Price Outlook Bearish: XAU/USD About to Faint?

Gold prices enjoyed an impressive rally following a break above key chart resistance, but recent price action suggests AUD/USD may succumb to vertigo.

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NZD/USD Trades Near Weekly Low Despite Looming US-China Trade Deal

NZD/USD remains under pressure despite hopes for a US-China trade deal, with the exchange rate at risk for further losses as the RSI falls back from overbought territory.

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US Dollar Price Gains as British Pound Falls, NZD/USD Rate to Rise?

The US Dollar gained against the New Zealand Dollar and British Pound as the BoE highlighted the debate over stimulus. Ahead, NZD/USD may rise as the anti-risk Japanese Yen weakens.

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Key NFP Charts to Analyze Ahead of the Big Day

Forecasting labor market strength in the United States remains a popular theme among investors and various tools, indexes, and surveys exist that could aid investors as they attempt to forecast the...

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New Zealand Dollar Forecast: NZD/USD, NZD/CAD, AUD/NZD

The New Zealand Dollar has fallen against many of the other major currencies in recent days as it encountered a series of technical barriers across different pairs. Will it continue lower?

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Nonfarm Payrolls (NFP) Drives the US Dollar & Currency Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average currency vo...

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Euro Price Outlook: EUR/USD Reversal Approaches Technical Support

Euro plummeted nearly 1.3% off the late-December highs with price now targeting weekly uptrend support. Here are the levels that matter on the EUR/USD weekly chart.

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AUD/USD Selling Eases, GBP/USD Drops on Carney, CAD Eyes BoC's Poloz - US Market Open

GBP is among the laggards in the G10 complex following dovish comments by BoE's Carney. AUD /USD selling curbed by AUD/NZD jump, CAD looks to Poloz.

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US Dollar Charges Higher as GBP/USD Tests Key Support Zone

The US Dollar is continuing to claw back December losses following an ascending triangle breakout. GBP/USD is testing a key zone of chart support.

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Canadian Dollar Forecast: USD/CAD Risks Catapulting Higher as Reversal Unfolds

USD/CAD reversal unfolds with break above resistance to push pair towards 1.3100. Eyes on BoC Governor Poloz.

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EUR/USD Price Forecast: Support Levels Break as New Year Sell-Off Continues

EUR/USD bears are enjoying 2020 so far with the pair down around 150bps since the short-term 1.1240 high print on December 31. Ahead Friday, US NFPs loom large.

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GBP/USD Outlook Breaks Down on Dovish Carney, BoE Rate Cut Odds Jump

GBP/USD drops to session lows as Carney sparks repricing of near-term easing bets. January rate cut odds rise to 16% from 5%.

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AUD/USD Down, S&P/ASX 200 Up on RBA Interest Rate Cut Bets

Australian Dollar and S&P/ASX 200 stock index price action warns that investors are pining for RBA rate cuts amid worries about weakness in the local economy.

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USD/CNH Price Analysis - Breaking Lower as US-China Trade Deal Nears

USD/CNH hit a five-month low in early turnover as the Chinese Yuan continued to appreciate ahead of the signing next week of the phase one US-China trade deal.

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Brexit Briefing: Some Issues Could be Left Unresolved by Year-End

Sterling is modestly firmer in early European business Thursday even though a comprehensive trade deal between the EU and the UK by the end of this year is becoming increasingly unlikely.

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US Dollar Analysis: EUR/USD, AUD/USD, USD/JPY Ahead of Fed-Speak

The US Dollar may fall against its major counterparts ahead of key comments from Fed officials and easing Iran tensions. AUD/USD, USD/JPY and EUR/USD are all approaching critical junctures.

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Crude Oil Prices Inch Down On Hope US-Iran Escalation Can Be Avoided

Crude oil prices lost a bit of risk premium as investors were increasingly prepared to bet that full-scale war will be avoided between Iran and the United States.

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Gold Tests for Support as RSI Sits in Overbought Territory

The price of gold may test for support over the coming days as the Relative Strength Index (RSI) sits in overbought territory.

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Singapore Dollar Strength May Hold as Malaysian Ringgit Follows

The Singapore Dollar has more room to give before its strength against the US Dollar is at risk. Key resistance is maintaining the medium-term USD/MYR downtrend for now.

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Australian Dollar Edges Up As China CPI Levels Off, Iran Still Main Focus

The Australian Dollar inched up slightly as Chinese consumer prices were shown to have stopped accelerating in December, even as they remain elevated

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USD/CAD Forecast: RSI Offers Buy Signal Ahead of BoC Fireside Chat

USD/CAD may stage a larger rebound ahead of the fireside chat with BoC Governor Stephen Poloz as the RSI climbs above 30 and offers a textbook buy signal.

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Yen Saw False Breakout as USD/JPY Rose? Australian Dollar May Gain

The Japanese Yen fell as USD/JPY experienced a false breakout. Sentiment was bolstered as tensions between the United States and Iran receded. The Australian Dollar may rise ahead.

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US Dollar Hinges on Jobs Data & Fed Repos – USD Levels to Watch

The US Dollar is testing a key level of technical resistance as forex traders await employment data and updated details from the Fed on its repurchase agreement operations on deck for release.

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Silver Price Forecast: Can XAG/USD Avoid a Pullback?

Alongside gold, silver has rallied throughout December, enjoying its most recent boost from a drastic escalation in US and Iranian confrontations in the Middle East, but can it avoid a pullback?

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Stocks Soar After Trump Speech, Fed and Trade to Take Focus Next Week

Stocks soared near record levels after President Trump’s address to the nation regarding Iran’s missile attack on US bases in Iraq. With tensions cooling, stocks will shift their focus to the Fed a...

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EUR/USD Breaks Support, Risk of SNB Currency Intervention - US Market Open

Oil prices see brief spike on Iran retaliation. Euro breaks support, eyes on possible SNB currency intervention.

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US Dollar Rallies as Gold, Oil Give Back Gains

A quick rush of fear enveloped markets last night; but at this point, has been mostly priced-out as tensions have soothed. The US Dollar, however, has continued to gain.

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Dow Jones, DAX, Gold & More – Charts to Watch

Markets are reacting to further tensions in the Middle East, stocks are rebounding and generally bullish, while gold is on the reverse from around major long-term levels.

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Bitcoin (BTC) Price Analysis: Short-Term Warning Signal Flashes

Bitcoin’s latest surge has taken the cryptocurrency into heavily overbought territory, according to one technical indicator, which may limit further upside price action.

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Crude Oil Price Analysis: Iran Strikes Back, What Next from President Trump?

Crude oil prices and gold spike higher as Iran strikes back. Market attention now turns to the response from the US.

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Gold (XAU) Price Surge as Iran Attacks US Bases in Iraq

Gold broke through the $1,600 barrier, hitting a new multi-year high, after Iran launched a missile attack on US forces in Iraq, escalating tensions between the two further.

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Brexit Briefing: Talks Resume Between UK and EU, Sterling Stable

Brexit will be top of the agenda when UK Prime Minister Boris Johnson meets European Commission President Ursula von der Leyen in London Wednesday.

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Yen and Gold Sag as US-Iran Worries Ebb, But for How Long?

Japanese Yen and gold prices soared as Iran attacked US bases in Iran, then seesawed lower as markets shrugged off escalation risk. Is the shoot-out truly over?

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Crude Oil Prices Retrace Gains as Markets Await US Response to Iran

Crude oil prices soared initially on Wednesday on news that Iran had attacked US bases in Iraq. However it has retreated since as the markets wait to see what Donald Trump’s next move will be.

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AUD/USD Analysis: 2020 Opening Range Filled with Lower Highs and Lows

The opening range for 2020 raises the scope for a further decline in AUD/USD as the exchange rate extends the series of lower highs and lows from the start of the month.

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Australian Dollar Analysis: AUD/USD, AUD/JPY May Fall on Long Bets

The Australian Dollar has been battered by kneejerk volatility on US-Iran geopolitical risks. AUD/USD and AUD/JPY may extend their losses on positioning and technical signals.

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Japanese Yen Spikes as US-Iran Tensions Boil, Nikkei Diverges

The Japanese Yen has seen demand surge as investors flee more pro-growth assets. But the same impulse has taken a toll on its local Nikkei 225 stock index.

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EUR/USD Outlook Mired by Opening Range Amid Failed Test of August High

The 2020 opening range for EUR/USD raises the scope for a further decline in the exchange rate amid the failed attempt to test the August high (1.1250).

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Crude Oil and Gold Prices Surge as Iran Retaliates. Eyes on Trump

Crude oil and gold prices soared as Iran retaliated after the US took out top general Qassem Soleimani last week. All eyes are now on Washington DC, with S&P 500 futures down and the Yen is up.

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Silver Price Forecast: Can XAG/USD Avoid a Pullback?

Alongside gold, silver has rallied throughout December, enjoying its most recent boost from a drastic escalation in US and Iranian confrontations in the Middle East, but can it avoid a pullback?

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Crypto Price Forecast: BTCUSD, ETHUSD, LTCUSD Levels to Watch

After rounding out 2019 on shaky footing, some of the market’s most popular cryptocurrencies could continue to fall as they make repeated tests of technical support beneath.

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