Gold Price Holds Near Yearly High Amid Growing Bets for Fed Rate Cut

The threat posed by the coronavirus may keep the price of gold afloat as the shock to the global supply chain fuels bets for lower interest rates.

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US Dollar Outlook Bullish as COVID-19 Spurs Haven Demand

The US Dollar may rally despite the downward pressure of increasing Fed rate cut bets as the coronavirus resurrects haven demand amid growing fear of a recession.

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Australian Dollar Eyes RBA and GDP But Coronavirus to Dominate

The Australian Dollar faces a packed week of important economic releases, but will even they be enough to shake the market away from the doleful coronavirus headlines?

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Crude Oil Price Outlook: Commodity Falls Deeper into Bear Market

Crude oil fell deeper into a bear market on Friday after suffering a critical break beneath support earlier in the week. With global growth threatened, where is the bottom for crude?

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Gold Prices Suffer Worst Daily Decline Since 2013, Virus Fears Forefront

Gold suffered its worst intraday drop since 2013, dropping over 3.5 percent as coronavirus fears grip markets.

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Stocks Crash as Dow Jones, S&P 500 Erase Months of Gains in Days

Stocks extended their losses on Friday as the Dow Jones and S&P 500 erased months of hard-fought gains in mere days in a rout that is the worst since 2008.

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As S&P 500 Crashes: What Can the Authorities Do to Stop the Bleeding?

The S&P 500 and US benchmark indices are suffering their worst slump since the Great Financial Crisis. As sentiment spreads, what can the authorities due to pull us back from the next panic?

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Canadian Dollar Rises on GDP Beat, Exports Flash Warning

This morning brought the release of GDP out of Canada to the tune of 1.9% vs the expectation of 1.6% YoY

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Dow Jones, USD/CAD, Gold & More: Charts for Next Week

The Dow is in historically oversold territory, USD/CAD working on a breakout, and gold is softening despite major risk-off.

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Coronavirus Impact: S&P 500, DAX, Gold and Crude Oil Outlook

The spread of the Coronavirus has prompted a sharp deterioration in risk appetite. Global equities and oil have plunged, while gold shines

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British Pound (GBP), FTSE Latest: Outlook Bleak For Sterling and Stocks

The British Pound and London stocks are again, unusually, falling in tandem and the long-term outlook is bleak for both although the FTSE 100 is now heavily oversold and due for a near-term bounce ...

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DAX Outlook Grim as Stock Selloff Deepens on Coronavirus Fears

The DAX is at risk of continuing to aggressively decline as part of a broader trend of a selloff in global equities. Eurozone growth prospects continue to darken as COVID-19 spreads.

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Crude Oil Prices Down as Coronavirus Spread Bites Growth Prospects

Crude oil prices joined all other risk-correlated assets in heading lower after Wall Street’s terrible Thursday. Gold was under a little rate pressure, but the market looks well underpinned.

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Japanese Yen May Rise if COVID-19 Triggers a Credit Crisis

The Japanese Yen may rise if fear about the coronavirus causing a credit crisis puts a premium on liquidity and a discount on growth-oriented assets.

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Asian Stock Prices Wilt Again As Coronavirus Routs Wall St.

Regional stock markets were naturally hammered following a scary day on Wall Street. Currencies were pressured too, but with broader differences in fortunes as markets price in lower US borrowing c...

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USD/CAD Clears October High Ahead of BoC Meeting as Bull Flag Unfolds

USD/CAD may continue to retrace the decline from last year as a bull flag formation unfolds ahead of the next BoC meeting on March 4.

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Euro Soars to Next Breakout Point as Dollar Sinks on Fed Easing Bets

The Euro soared in its best day in over 2 years with EUR/USD on the verge of a key bullish breakout. The US Dollar sank as coronavirus fears further juiced aggressive dovish Fed bets.

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Dow Jones Forecast: Stock Selloff Deepens to Historic Levels

The Dow Jones fell another 1,100 points on Thursday, extending the Industrial Average’s precipitous decline that began last week. Will stocks continue to fall?

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Gold Price Forecast: Bullion May Require Consolidation Before Further Gains

After surging on the back of coronavirus fears and risk aversion, gold has surrendered gains in recent days as it looks to consolidate before the next leg higher.

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Recession Watch: US Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

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Canadian Dollar Price Outlook: USD/CAD Breakout Targets Trend Extreme

Canadian Dollar remains on the defensive with a US Dollar breakout surging to four-month highs. Here are the trade levels that matter on the USD/CAD technical charts.

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US Dollar Price Analysis: USD Snaps Back, Will Buyers Bid Support?

The US dollar has seen a stark change-of-pace in price action as the February rally has come under fire, even as US yields drive to deeper record lows.

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EUR/USD Soars on Global Equity Panic Selling, Beware of Month-end Rebalancing - US Market Open

A sea of red yet again as global equities remain under heavy selling pressure. Month-end may provide equity bounce.

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Euro Price Action Analysis: EUR/USD Breaks Out - More Room to Run?

It was a hard and fast bearish trend in EUR/USD dominating for the first three weeks of February. But now that the pair has started to reverse - how long will sellers take a back seat?

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Coronavirus Impact: S&P 500, DAX, Gold and Crude Oil Outlook

The spread of the Coronavirus has prompted a sharp deterioration in risk appetite. Global equities and oil have plunged, while gold shines

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British Pound (GBP) Latest: GBP/USD at Risk with Volatility on the Rise

GBP/USD gains likely to be capped as UK/EU tensions are set rise as trade talks begin.

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Euro May Fall on Eurozone Confidence Data as COVID-19 Spreads

The Euro may fall if Eurozone confidence data for February shows it has been infected by the contagion of negative sentiment from the coronavirus as it spreads through the continent.

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Gold Prices Climb as Coronavirus Worries Deepen, US Data Eyed

Gold was as usual among the counter-cyclical haven assets to post gains as investors tracked the spread of coronavirus around the world and attempted to weigh its economic cost.

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Silver Price Chart Hints XAG/USD May Have Topped. What Next?

Silver prices retreated from key resistance after breaking out of a month-long downtrend, but the extent of the bearish correction may be more severe as XAG/USD eyes a one-year uptrend.

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AUD/USD Slips to Fresh 2020 Low as RSI Dips Deeper into Oversold Zone

AUD/USD may continue to exhibit a bearish behavior as the Relative Strength Index (RSI) pushes deeper into oversold territory.

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Swiss Franc, Gold Up As Trump Coronavirus Speech Fails To Reassure

The Swiss Franc joined other anti-risk assets in gaining after Donald Trump’s speech on the US coronavirus response underwhelmed markets reeling from big equity losses.

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Yen May Rise as Most New Coronavirus Cases Emerge Outside of China

The Yen may rise after the WHO reported that most new coronavirus cases are now emanating outside of China. S&P 500 futures are pointing lower with Thursday’s session in focus.

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Australian Dollar Forecast: AUD/USD, AUD/CAD, AUD/JPY

Widespread risk aversion has worked to undermine the Australian Dollar as it grapples with longer term support across multiple pairs.

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Recession Watch: US Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

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DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

Global stock markets have suffered precipitous declines in recent days, erasing gains for the year as coronavirus concerns spread and investors seek safety. Here are the levels to watch.

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EUR/USD Firms on Carry Unwind, South African Rand (ZAR) Outlook Concerning - US Market Open

EUR/USD holds up despite coronavirus scare. South African Rand survives budget reaction. Australian Dollar underperforms

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Canadian Dollar Price Outlook: Loonie Drop Threatens USD/CAD Breakout

USD/CAD is threating a topside breakout and, if USD strength might return, the bullish side of USD/CAD can remain as an attractive venue in the near-term.

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Dow Jones, Crude Oil, Gold Price & More in Risk-off Mode

Global markets are plunging on the coronavirus with the Dow trading below its 200-day, crude oil flirting with long-term support, and gold pumped up on haven flows; a reversal may be near.

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USD/MXN - Mexican Peso at Risk vs US Dollar, Peso Bulls Near Record

Downside risks growing for Mexican Peso as coronavirus spreads to Latin America, alongside near record Peso bulls.

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British Pound (GBP) Latest: Creeping Higher Ahead of Brexit Talks

GBP/USD is continuing to rise gently ahead of Brexit negotiations next week between the EU and the UK that are expected to be difficult.

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Euro Forecast Gloomy as DAX Breaks Trend-Defining Support

The Euro may continue to fall against the regional anti-risk Swiss Franc as the DAX faces immense selling pressure after the index broke trend-defining support.

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Crude Oil Edges Back Under $50 as Markets Fret Viral Demand HIt

The crude oil market weakened perhaps a little less than its equity equivalent on Wednesday but fears that the coronavirus will hit demand hard still dominate.

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Bullish Gold Price Behavior to Persist as Coronavirus Spreads

Fears surrounding the coronavirus may keep the price of gold afloat as the outbreak dampens the outlook for global growth.

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Singapore Dollar Cautious Despite Major Industrial Production Bounce

The Singapore Dollar remained unmoved despite an incredible, 18.2% monthly rise for industrial production. The market remains focus on the coronavirus and leery of its likely impact on the city state.

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Yen Outlook Bullish, USD/JPY May Fall as S&P 500 Sees Dip Buying

The Japanese Yen may rise as the S&P 500 outlook risks shifting more bearish on signals in trader positioning. What is the road ahead for USD/JPY given the outbreak of the coronavirus?

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Copper Outlook Bleak as COVID-19 Threatens China Economy

Copper prices are rapidly approaching a 17-year uptrend as concern about the coronavirus threatens to thwart global stabilization and demand for the growth-oriented commodity.

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EUR/USD Rate Rebound Unfolds After Filling Price Gap from 2017

EUR/USD pares the decline from earlier this month after filling the price gap from 2017, and the rebound may gather pace as the RSI bounces back from oversold territory.

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British Pound, Euro, Yen Gain as US Dollar Weakens in Tense Session

The British Pound, Euro and Japanese Yen rose versus the US Dollar. Coronavirus fears sank stocks and increased Fed rate cut bets. The GBP/USD technical bias still points lower.

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US Dollar Forecast: DXY Index Drifts Lower on Fed Rate Cut Bets

The US Dollar extended lower after disappointing consumer confidence data encouraged forex traders to reiterate the recent runup in Fed rate cut bets amid festering coronavirus concerns.

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Dow Jones, Nasdaq 100, S&P 500 Extend Declines as Rout Deepens

After falling more than -3% on Monday, stocks extended lower on Tuesday despite an early attempt at recovery. With the virus spreading and economies slowing, can stocks slow their descent?

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US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY, GBP/USD

Markets remain on the run as a bevy of risk items have come into view. This webinar looks across the macro landscape while focusing around the US Dollar.

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Crude Oil Price Clings to Support as Demand Outlook Dwindles

Crude oil has been battered in recent weeks as the demand outlook for the commodity falls under pressure amid the global diffusion of the coronavirus. Can support stall the decline?

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Sterling Price Outlook: British Pound Threatens GBP/USD Breakout

Sterling defended the 1.29-handle again this week with the recovery now eyeing downtrend resistance. Here are the levels that matter on the GBP/USD technical charts.

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US Dollar Drops on Consumer Confidence Miss

The Conference Board Consumer Confidence Index printed a reading of 130.7 for February, missing expectations of 132.2

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US Recession Watch: Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

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GBP/USD Rise Curbed, EUR/USD Dips, Stock Market Bounce Fades - US Market Open

Global equities fade initial bounce as concerns continue to mount. GBP/USD range narrows. EUR/USD eases.

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US Dollar Price Action Pulls Back - Trade or Fade: EUR/USD, USD/CAD

It's been a busy year already in the FX market as volatility has begun to rise. But with risk aversion front and center, can USD bulls drive DXY beyond 100?

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Market Sentiment Still Weak on Virus Fears | Webinar

Trader confidence remains weak as fears persist that the coronavirus outbreak is spreading and will damage the global economy.

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Japanese Yen Forecast: Safe-Haven Battle May See USD/JPY Extend Drop

Global equities plunge however, spill-over into currency markets have been tame. Japanese Yen may play catch-up.

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British Pound (GBP) Latest: Trading Sideways Ahead of Key Brexit Talks

GBP/USD remains stable despite turmoil in the markets elsewhere on concerns about the coronavirus. Looking ahead, Brexit talks next week could determine the future course of the pair.

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Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt

The Euro may face additional selling pressure if elevated risks from the coronavirus pressure highly-indebted European corporate entities against the backdrop of faltering regional growth.

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Gold Slips Despite Stocks' Virus Hit As Market Hopes For Wall St Bounce

Gold prices struggled despite Wall Street’s terrible Monday as stock futures flagged a stronger start for both Europe and the US.

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Crude Oil Price Outlook Hinges on OPEC Meeting

Efforts by OPEC and its allies may keep the price of oil afloat if the group takes additional steps to rebalance the energy market.

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US Dollar, USD/MYR Outlook: Malaysia Eyes Coronavirus, Political Risks

The US Dollar may rise against the Malaysian Ringgit after Prime Minister Mahathir Mohamad resigned. Bank of Malaysia may cut rates on coronavirus fears with fiscal stimulus uncertain.

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Bitcoin, Ripple, Ethereum Forecast: BTC/USD, ETH/USD, XRP/USD

Bitcoin and Ethereum have retreated from multi-month highs and are both entering trend-defining compression zones while Ripple inches closer to support after its impressive rally.

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Australian Dollar, ASX Recouple In Misery As Coronavirus Spreads

The ASX 200 stock index hit record highs this year but those days seem unlikely to return anytime soon as even equity buckles before the coronavirus outbreak.

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NZD/USD Rate Rebound Vulnerable to New Zealand Trade Balance Deficit

NZD/USD may struggle to retain the rebound from the monthly low (0.6303) as New Zealand is expected to post a trade deficit in January.

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Canadian Dollar May Fall as Crude Oil Eyes Downtrend Resumption?

The Canadian Dollar may be at risk as crude oil prices appeared to resume the steep decline from January. The Yen soared as coronavirus woes plunged stock markets across the globe.

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USD Forecast: US Dollar Drops on Fed Cuts, Consumer Confidence Eyed

Consumer confidence data due for release during Tuesday's trading session could weigh materially on Fed rate cut bets and thus the US Dollar as coronavirus concerns mount.

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Canadian Dollar Price Outlook: USD/CAD Bounces on Risk Aversion

The US Dollar rose against its Canadian counterpart on Monday as widespread risk aversion spread across capital markets, but longstanding resistance stands narrowly overhead.

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US Recession Watch: Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

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USD/MXN Price Analysis: US Dollar Spikes to 11-Week High vs Peso

Spot USD/MXN price action hits an eleven-week high with the US Dollar spiking 3.5% against the Mexican Peso over the last four trading days to test its 200-DMA as coronavirus concerns run rampant.

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Nasdaq 100 Forecast: Stocks Plunge on Coronavirus Fears

Stocks suffered a massive gap lower on Monday as investors express concern over the global spread of the coronavirus. Will stocks continue lower alongside the broader economic impact?

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Coronavirus Crash: FTSE 100, DAX 30 & FTSE MIB Selling Overdone?

Risk sentiment has taken a turn for the worse with global equities coming under heavy selling pressure to begin the week.

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Gold Gap-and-Go Breakout: XAU Fresh Highs as Coronavirus Fear Spreads

US markets are waking up to the fact that Coronavirus may be more than a passing risk, and Gold prices are fully reflecting the fear that's continued to build.

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US Dollar, Euro, Gold, Dow Forecasts & More for the Week Ahead

The coronavirus outbreak and its corresponding impact on global GDP growth outlook will likely linger as a key theme to watch over the coming trading sessions.

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British Pound (GBP) Latest: GBP/USD Levels to Watch, Brexit Focus Returns

GBP/USD under pressure to begin the week with tensions between the EU and UK set to drive price action in the short run as Brexit focus returns

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Euro May Fall if IFO Data Shows COVID-19 Infecting Outlook

The Euro may fall if German IFO data reflects rotting sentiment as panic about the coronavirus continues to spread and further pressures the Eurozone’s growth trajectory.

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Crude Oil Slips as Markets Fret Virus Spread, Chance of Production Cuts

Crude oil markets remained focus on the spread of the coronavirus beyond its origins in China as South Korea increased its alert level in the face of more infections.

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Gold Price Rally Pushes RSI Into Overbought Territory

The price of gold may exhibit a bullish behavior over the remainder of the month as the RSI breaks out of a bearish formation and pushes into overbought territory.

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US Dollar Aims Higher vs NOK on Growth Outlook, Coronavirus

The US Dollar may rise against the Norwegian Krone and Swedish Krona in the week ahead as panic about the coronavirus inflames demand for anti-risk FX at the expense of cycle-sensitive assets.

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USD May Rise as SGD, MYR and IDR Nervously Face Capital Outflow Risks

The US Dollar rose as the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso fell. Emerging market capital outflows and the Fed’s repos are a key risk to the latter.

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AUD/USD Outlook Mired Ahead of RBA as RSI Slips into Oversold Zone

AUD/USD may face a more bearish fate ahead of the next Reserve Bank of Australia (RBA) meeting on March 3 as the RSI slips into oversold territory.

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EUR/USD Bottom Found? Euro and British Pound Outpace US Dollar

The Euro and British Pound rose as the US Dollar fell after a dismal gauge of U.S. business activity. EUR/USD may reverse its near-term downtrend given upside confirmation.

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Japanese Yen, XAU/USD Surge as Stocks Plunge on COVID-19 Risks

The Japanese Yen and gold prices spiked at the expense of cycle-sensitive assets like the New Zealand Dollar and S&P 500 futures as news about the spread of the coronavirus paralyzed risk appetite.

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US Dollar, Euro, Gold, Dow Forecasts & More for the Week Ahead

The coronavirus outbreak and its corresponding impact on global GDP growth outlook will likely linger as a key theme to watch over the coming trading sessions.

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Dow Jones, Nasdaq 100, DAX 30, Nikkei 225 Forecasts for the Week Ahead

Last week saw stocks unravel as some of the globe’s major economies stumbled and coronavirus concerns rampaged. Will stocks continue lower in the week ahead?

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USD/MXN Outlook: Growth to Return to Mexico in 2020

The Mexican economy contracted for the first time in almost 10 years in 2019, but growth is expected to pick up in 2020 according to its finance minister.

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Gold Forecast: Bullion Bid on Recession Risk, Inverted Yield Curve

Gold might extend its advance – even after climbing to its highest level in seven years – as an inverted yield curve rekindles recession fears amid the ongoing coronavirus outbreak.

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Euro Weekly Outlook: No Sign Yet of a Significant Rally

EUR/USD has been weakening since the start of 2020 and the decline has accelerated this month. At some point there will be a correction but further losses are still likely as the year progresses.

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USD Weekly Price Forecast: The US Dollar's Attraction Remains Strong

The status of the US dollar as the safe-haven asset of choice remains untouched and any weakness in the greenback is likely to be short-lived.

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Crude Oil Torn Between Iran Election, Coronavirus and G20 Summit

Crude oil prices may rise on supply-disruption fears after the outcome of the Iran election, but infected sentiment from coronavirus fears may derail Brent’s recovery ahead of the G20 summit.

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USD Forecast: US Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact USD price outlook as economic fallout from the coronavirus radiates across the global supply chain?

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Australian Dollar Data Drought Leaves Virus Headlines in Charge

The Australian Dollar remains severely weighed down by coronavirus worries and a lack of domestic data points will probably keep that story in the driving seat.

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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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US Dollar Drops on Weak PMI Data, Coronavirus Hits Confidence

The US Dollardr opped this morning as PMI figures crossed the wires. The US business and services sectors dropped sharply in February, according to Markit Economic.

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S&P 500 Sent Worrying Signal by Bond Market, USD/KRW Rises - US Market Open

Equity markets are softer as investors continue to fret over the spread of the coronavirus.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch as Breakdown Unfolds

Australian Dollar has remained under pressure amid the rising concerns over the spread of the Coronavirus, while domestic data has also softened.

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British Pound (GBP) Latest: GBP/USD Battling a Rampant US Dollar

GBP/USD is being steered by a strong US dollar and Sterling bulls are finding life difficult. Today’s UK and US PMIs are likely to decide sentiment going into the weekend.

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Euro May Fall on Eurozone PMIs as Coronavirus Stokes Recession Fears

The Euro may fall on Eurozone PMI data as regional recession fears mount amid the coronavirus outbreak. However, the US Dollar may extend its rally if upbeat data brightens the growth outlook.

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Crude Oil Prices Down, Near Term Production Cut Hope Fade

Crude oil prices were hit by worries about the spread of coronavirus both within China and beyond. South Korea saw cases rise for a second straight day.

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British Pound Forecast: GBP/USD, EUR/GBP, GBP/CHF

GBP/USD may fall as the pair tests key support with EUR/GBP facing what could be near-term selling pressure as GBP/CHF enters an intensifying compression period.

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Australian Dollar Outlook May Deepen Bearish, AUD/USD Clears Support

The Australian Dollar outlook may shift further bearish after AUD/USD took out key support. This followed a broadly pessimistic day in stocks as the haven-linked US Dollar soared.

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US Dollar Volatility Report: USD Price Analysis & Trading Levels

King Dollar reiterates its reign over the global FX market as USD price action flexes its muscle and drives the DXY US Dollar Index within reach of the ominous 100.00 handle.

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US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY

It's been a busy couple of days in global markets with a huge breakout in USD/JPY following prior breakouts in Gold and a breakdown in EUR/USD.

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Dow Jones & Nasdaq 100 Drop as Volatility Spikes, Will Support Hold?

Stocks plunged on Thursday before buyers quickly returned to stem the bleeding. Still, the initial move allowed bears to test support, will it hold through subsequent challenges?

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US Dollar Rises, AUD/USD & GBP/USD Suffers - US Market Open

US Dollar remains rampant, AUD/USD slumps on rising unemployment rate, GBP/USD fails to find support from strong retail sales.

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Canadian Dollar Price Analysis: Loonie Drops, USD/CAD Turn or Burn?

USD/CAD has been pulling back as the US Dollar has put in a blistering up-trend over the past week. Are buyers taking a break or pulling back altogether?

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Dow Jones Forecast: Key Levels to Watch

US equities marginally lower as Coronavirus spreads. Eyes on Dow Jones Weekly Low as index remains vulnerable to the downside.

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Euro Price Analysis: EUR/USD May be Oversold in The Short-Term

EURUSD filled the ‘Macron gap’ earlier in the session, achieving its short-term downside objective. The chart shows the pair as extremely oversold, but will Friday’s PMI data kick the Euro lower ag...

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British Pound (GBP), FTSE 100 Latest: Return of Inverse Correlation

For a while it looked as though the inverse correlation between GBP/USD and the FTSE 100, where if one fell the other rose, had broken down. Now it’s back.

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Euro Price Outlook: EUR/USD, EUR/GBP Levels Ahead of ECB Minutes

The Euro may recover against the US Dollar and British Pound ahead of the release of the ECB meeting minutes after EUR/GBP and EUR/USD faced severe selling pressure.

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Gold Stays Close to 7-Year Highs As China Cuts Lending Rates

Gold prices remained well supported even as some monetary action by China aimed at heading off some of the coronavirus’ effects was announced.

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AUD/USD, NZD/USD Sink as China Rate Cuts Fail to Impress

The Australian and New Zealand Dollars slumped as China failed to impress markets worried about the coronavirus outbreak with a pair of rate cuts.

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Canadian Dollar Forecast: GBP/CAD, CAD/CHF, NZD/CAD, EUR/CAD

GBP/CAD has broken below the September uptrend while EUR/CAD may be ending its consecutive 12 day decline with EUR/CHF approaching key resistance as NZD/CAD aims at November lows.

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Australian Dollar Dips. Unemployment Ticks Up But Full Time Jobs Roar Back

The Australian Dollar slid as the overall unemployment rate edged up despite news that full time job creation surged in January.

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Japanese Yen Technical Outlook Still Points Higher as USD/JPY Soars

The Japanese Yen tumbled as USD/JPY aimed for 2019 highs, but JPY prices are still on average in an uptrend from 2018. AUD/USD may rise if Australian jobs data cools RBA rate cut bets.

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Gold Prices Surge to Key Resistance, Can XAU/USD Break Higher?

Gold prices are in the midst of a multiday run that has seen the precious metal probe resistance around the $1,610 mark that stalled a rally earlier this year. Can XAU surpass the barrier?

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US Dollar Extends to 3YR High on Fed Minutes, USD/JPY Breakout

The US Dollar broke higher on January’s Federal Reserve Open Market Committee Minutes with USDJPY extending to 111.54

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Japanese Yen Price Outlook: USD/JPY Breakout Underway– Trade Levels

The Dollar has surged 3.4% off the January low against the Yen with USD/JPY breaking to fresh yearly highs. Here are the levels that matter on the USD/JPY weekly chart.

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Dow Jones, S&P 500 Price Outlook: Prior Records to Act as Support

Despite a lackluster fundamental backdrop, stocks have continued to drive higher. Establishing new records frequently, the Dow Jones and S&P 500 can look to prior peaks as support moving forward.

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USD/MXN: Can Mexican Peso Rally Last Amid US Dollar Dominance?

A surging Mexican Peso has pushed USD/MXN price action nearly two percent lower so far this year despite broader US Dollar dominance, but can the downtrend in spot USD/MXN continue?

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Canadian Dollar Price Outlook: Loonie Presses USD/CAD Towards Support

Canadian Dollar has been building on last week’s reversal with price now targeting trend support. Here are the trade levels that matter on the USD/CAD technical charts.

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Manic Macro: USD/JPY Breaks Out, Gold Toes the Line, Oil Bulls Return

Gold prices are testing almost seven-year-highs and buyers have begun to return to Oil markets as a bit of optimism/hope has shown around Coronavirus.

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Dow Jones, Crude Oil, Silver Price Outlook & More

Stocks continue hang out near record highs, no reason to be bearish with prices pointed upward, crude oil recovery may continue, silver starting to break out and try and catch up to gold.

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Crude Oil Price Outlook Brightens, Trending Higher

The price of US crude oil (WTI) is continuing to trend higher and further gains now look likely on hopes that the coronavirus impact on global demand will be less than once feared.

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Gold Price Outlook: XAU/USD Probes a Seven-Year High - More to Go?

The price of gold broke out of a bullish technical set-up and nears levels last seen in March 2013. If nearby resistance is broken convincingly, then the rally may have further to run.

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British Pound (GBP), FTSE 100 Latest: Optimism Returns to London Stocks

GBP/USD has eased back to the 1.30 level while the FTSE 100 is trending higher as traders hope the coronavirus outbreak may be close to peaking.

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GBP/USD Outlook Gloomy Ahead of FOMC Minutes, UK CPI Data

The British Pound may fall against the US Dollar if UK CPI data underwhelms. GBP/USD’s decline may be amplified if the FOMC minutes reveal an unexpectedly hawkish Fed.

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Crude Oil Up as Risk Appetite Recovers, Production Cut Hopes Help

Crude oil prices bounced back from the previous session’s Apple-inspired retreat. Coronavirus headlines still dominate but the market still think supply will be meaningfully reduced.

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USD/CAD Outlook Bearish, EUR/USD Forecast Bullish on Positioning

USD/CAD may extend declines while EUR/USD turns higher based on trader positioning signals. What is the outlook for the Canadian Dollar and Euro incorporating IG Client Sentiment?

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Palldium, Silver Price Outlook Bullish After Upside Breakout

The outlook for silver prices and palladium has brightened after both precious metals spiked and broke key technical levels. Is a resumption of the prior uptrend up next?

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US Dollar Uptrend May Prolong, Yen Gains as Equities Fall Globally

The US Dollar rally may extend on technical signals. The Japanese Yen rose with gold prices as coronavirus fears sank equities across the globe, leaving investors on the edge again.

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Nasdaq 100 Forecast: Coronavirus Hamstrings Earnings and Trade, Stocks Climb

As corporations begin to adjust earnings expectations in light of the coronavirus, global growth and trade have already started to sputter yet stocks climb. What is driving them higher?

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US Dollar Forecast: USD/CAD Eyes FOMC Minutes & Canadian CPI

The US Dollar has potential to extend its advance as USD/CAD resumes its climb ahead of January Fed meeting minutes and Canadian inflation data due for release during Wednesday's trading session.

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S&P 500 Drops on Renewed Coronavirus Fears, Apple Revenue Downgrade

The Coronavirus remains a key theme in markets since first emerging in China’s Hubei province back in December.

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Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD

The Australian Dollar is in a tough spot as the coronavirus continues to weigh on economic activity in China – a key export market of Australia. Here are the levels to watch.

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Oil Price Outlook: Crude Slips into Support– WTI Trade Levels

Oil fell more than 2.7% early in the week but relief may be in sight as crude defends uptrend support. Here are the trade levels that matter on the WTI technical charts.

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EURUSD Begins to Fill Gap as Retail Tries to Call Euro Bottom

It's been a brutal month for the Euro, and retail traders are still trying to call a bottom in the single currency.

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US Dollar Bulls Continue to Push; EUR/USD Finds Fibonacci Support

US data has been good but expectations remain for the FOMC to cut in 2020; yet the US Dollar continues to march higher as EUR/USD breaks down.

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Market Sentiment Hit by Coronavirus and Apple | Webinar

Trader confidence has taken a hit from ongoing worries about the possible damage to the global economy from the coronavirus outbreak and a sales warning from Apple.

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Euro Price Outlook: EUR/USD Hits Multi-Year Low as ZEW Sentiment Data Plummets

The European single currency is likely to come under increased downward pressure after the latest ZEW sentiment data missed expectations by a wide margin.

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British Pound (GBP) Latest: Outlook Worsens as Coronavirus Worries Rise

GBP/USD is slipping lower and could fall further as risk assets suffer and safe haven demand rises on renewed concerns about the spread of the coronavirus.

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Japanese Yen May Add to Gains, Walmart Eyed After Apple Shock

The Japanese Yen may add to gains if Walmart echoes worries about the impact of the Wuhan coronavirus after Apple said it will force a miss of revenue forecasts.

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Gold Prices Get Boost as Apple Warning Sharpens Virus Fears

Gold prices were well supported in any case but the US tech leader’s admission that the coronavirus has hit its Chinese suppliers saw the metal move up.

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EUR/USD Eyes Price Gap from April 2017 as RSI Sits in Oversold Zone

EUR/USD appears to be on track to fill the price gap from April 2017 as the Relative Strength Index (RSI) sits in oversold territory.

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USD/CAD Rate Forecast: Levels to Watch as RSI Offers Bearish Signal

USD/CAD may continue to give back the advance from the start of the year as the Relative Strength Index (RSI) offers a bearish signal.

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Australian Dollar Steady as RBA Minutes Flag Coronavirus Uncertainty

The Australian Dollar didn't get much impetus either way from a set of minutes from the Reserve Bank of Australia's last monetary policy meeting which stuck largely to familiar themes while acknowl...

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Yen, Gold Prices May Rise as Apple Sees Revenue at Risk on Coronavirus

The Japanese Yen and gold prices rose as Apple said that it is expected to miss revenue guidance amid the coronavirus. AUD/JPY may fall after closing under near-term support.

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

The week ahead will see the release of the Fed’s January meeting minutes which could offer insight on the central bank’s willingness to cut rates and expand the balance sheet – two crucial tailwinds.

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A Brief History of Major Financial Bubbles, Crises, and Flash-crashes

Learn the history of financial bubbles, manias and financial crises and filter them by market in our interactive timeline.

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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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EUR/GBP Price Action Likely to be Driven German ZEW, UK Jobs Release

Tuesday morning sees the release of two important sets of economic data that will likely steer EUR/GBP in the short-term. Will German economic sentiment stay at its current lofty level?

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Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

The Dow Jones and Nasdaq 100 pushed to record highs, sending the Australian Dollar higher. The British Pound gained as the Euro weakened. Did crude oil prices find a bottom? What is the week ahead ...

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Cryptocurrency Latest: Bitcoin (BTC), Ripple (XRP) Weekend Price Slump

The cryptocurrency market turned sharply lower over the weekend, erasing last week’s gains. Looking ahead, the charts still suggest that bullish momentum is in place in the medium-term.

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Canadian Dollar Price Outlook: USD/CAD Continues to Test Support

USD/CAD is testing support in early turnover and now trades below the 20-day moving average, highlighting the current weakness in the pair.

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British Pound (GBP) Latest: French Official - UK-EU May 'Rip Each Other Apart'

French Foreign Minister Jean-Yves Le Drian has warned that the EU and the UK may ‘rip each other apart’ when trade negotiations begin next month and that an agreement by the end of the year will be...

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EUR/USD May Fall if Coronavirus Undermines Eurozone Growth

EUR/USD may extend its decline if the coronavirus negatively impacts growth just as the Eurozone was beginning to show signs of regional stabilization

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USD/MXN Outlook: Rate-Cut Highlights Mexican Peso Carry Trade Value

The Mexican Peso reinforces its carry trade value despite Banxico cutting rates by 25 basis points.

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Crude Oil Prices Look To OPEC Cuts, Market on Virus Watch

Crude oil prices clocked up their first weekly rise of the year and are holding gains as the markets weigh hopes for deeper OPEC output cuts against demand headwinds from the Wuhan coronavirus outb...

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Gold Price Eyes Monthly High as Bearish Momentum Abates

The price of gold may attempt to break out of the monthly range as the bearish momentum appears to be abating.

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USD Aims Higher vs NOK and SEK on Fed Minutes, Iran Election

The US Dollar may reclaim some of its lost territory against the Swedish Krona and Norwegian Krone ahead of the release of the FOMC minutes and Iran election.

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US Dollar, USD/SGD, USD/IDR May Rise on FOMC Minutes and Repos

The US Dollar gained versus SGD and IDR despite a “risk-on” tone in markets, boosted by strong declines in the Euro. What is the week ahead for USD/SGD, USD/IDR, USD/PHP and USD/MYR?

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AUD/USD Rate Rebound in Focus Ahead of RBA Minutes as RSI Recovers

AUD/USD may extend the advance from the monthly low (0.6662) as the Relative Strength Index (RSI) recovers from oversold territory.

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Japanese Yen Holds On Despite Huge 4Q GDP Plunge

The Japanese Yen was perhaps surprisingly steady in the face of very weak domestic growth data. Its composure is perhaps explained by the likely lack of any change to BoJ policy.

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USD/CAD Extends Top as Crude Oil Prices Rise, Yen May Gain Next

The Canadian Dollar rose with crude oil prices, extending the top in USD/CAD. The anti-risk Japanese Yen may gain if U.S. Airbus tariff hikes fuel market pessimism in Asia trade.

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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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Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

The Dow Jones and Nasdaq 100 pushed to record highs, sending the Australian Dollar higher. The British Pound gained as the Euro weakened. Did crude oil prices find a bottom? What is the week ahead ...

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

The week ahead will see the release of the Fed’s January meeting minutes which could offer insight on the central bank’s willingness to cut rates and expand the balance sheet – two crucial tailwinds.

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Crude Oil Price Outlook Mired by Coronavirus, Global GDP Growth

Crude oil price action has started to rebound as expected global GDP growth fallout stabilizes alongside market concern over the economic impact from the novel coronavirus outbreak, but will it last?

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USD/MXN Outlook: Rate-Cut Highlights Mexican Peso Carry Trade Value

The Mexican Peso reinforces its carry trade value despite Banxico cutting rates by 25 basis points.

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Gold Weekly Forecast: A Growing Case For a Range Break

The price of gold has remained in check for the past couple of weeks and is looking to break a narrowing technical pattern, fueled by growing fears that the coronavirus is still spreading.

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US Dollar Outlook Bullish on FOMC Minutes, Coronavirus, Iran

The US Dollar may rise if the FOMC minutes cool 2020 rate cut bets and may be amplified by demand for liquidity amid the spread and impact of the coronavirus and Iran election.

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Australian Dollar Remains on Virus Watch As Key Jobs Data Loom

The Australian Dollar will move with coronavirus headlines but a couple of domestic data points may offer a little respite.

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US Dollar Forecast: USD Trade Setups & Themes for Next Week

USD price action stretches to 4-month highs as ‘King Dollar’ flexes its muscles on the back of coronavirus fear and robust US economic data, but can the Greenback extend its streak of gains?

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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 Forecast: BTC/USD Charges Past $10,000, Can it Continue?

Bitcoin charged past the psychologically significant $10,000 mark on Tuesday as bulls continue to push the largest cryptocurrency by market cap higher. Where will the coin head next?

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Euro Forecast: EUR/USD & EUR/JPY Selloffs Test Multi-Year Support

EUR/USD and EUR/JPY downside could potentially accelerate if the Euro weakness fails to find support from a critical multi-year technical level.

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USDJPY Rises on Upbeat Consumer Sentiment Data

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Gold Prices: Gold Bullish Breakout Potential on Coronavirus Fears

Gold bulls came back to the bid and with news out of China regarding Coronavirus continuing to worsen, risk aversion themes may remain.

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EUR/USD, USD/JPY & DXY: USD Charts for Next Week

The Dollar is on a roll of late versus the Euro, but not so much against the Yen; DXY looking to test 2019 highs soon.

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Canadian Dollar Price Forecast - USD/CAD Sliding Towards Short-Term Support

USD/CAD is slipping back towards a recent support zone, aided in part by a small bounce in the price of oil. US retail sales/Uni of Michigan sentiment data are up next and may make or break the cur...

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British Pound (GBP) Latest: GBP/USD Strength Shackles FTSE 100 Upside

The British Pound picked up sharply Thursday after PM Boris Johnson installed a new chancellor in No.11, sparking thoughts of a large-scale fiscal boost in the upcoming UK Budget.

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Euro Hangs On As German 4Q GDP Growth Stalls

The Euro has already been hit hard this week by heightened market risk aversion and didn't move much on news that German growth weakened broadly as expected as 2019 bowed out.

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USD May Rise on Confidence Data, Retail Sales, Tariff Reduction

The US Dollar may rise if consumer confidence data reports a buoyant purchaser shortly after the publication of retail sales data amid a reduction in US-China trade tariffs.

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Crude Oil Prices Set Fro Weekly Gains, Virus Stokes Production Cut Talk

Crude oil prices didn’t move far in Asia’s Friday but the commodity king is set for a stronger week as the coronavirus has markets looking for supply reductions.

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Australian Dollar Outlook Bearish as AUD/NZD Resumes Retreat

The Australia Dollar may continue to fall against the New Zealand Dollar after AUD/NZD was rejected at key resistance following the unexpected RBNZ rate decision and outlook.

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British Pound Eyes Resistance on UK Fiscal Stimulus Bets, Yen Gains

The British Pound rose into resistance as UK fiscal stimulus bets undermined BoE easing expectations. The anti-risk Japanese Yen gained as the Fed reiterated its plan to trim repos.

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Gold Price Outlook: XAU Likely Tied to Risk Trends Until FOMC Minutes Next Week

The price of gold will likely look to risk trends ahead of the scheduled release of FOMC meeting minutes next week. Consequently, technical levels could be tested.

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BTC Price Outlook: Will Bitcoin Boom or Bust After Hitting 10K?

Bitcoin and the crypto-currency market continue surging higher with BTC prices recently topping the $10,000 threshold, but can the topside breakout continue or will resistance reverse the uptrend?

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Nasdaq 100 Forecast: Coronavirus Concerns Discared as Stocks Rally

The Nasdaq 100 and other equity markets have been undeterred by a recent uptick in concern regarding the coronavirus and its impact on the Chinese economy.

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Sterling Price Outlook: British Pound Surges- Bulls Face First Test

Sterling surged more than 1.1% this week with a four-day rally taking the British Pound towards trend resistance. Here are the levels that matter on the GBP/USD charts.

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US Dollar Price Analysis: Most Overbought Since August 2018

US Dollar bulls have made a strong push through February trade, bringing on an overbought reading via RSI on the Daily chart of DXY.

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US Dollar Lifts on Strong Inflation Data

US CPI crossed the wires at 2.5% on a yearly basis this morning, sending the US Dollar higher

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Crude Oil Price Outlook Worsens Again After Bearish IEA Report

The outlook for crude oil prices has turned negative again after an IEA prediction that the coronavirus outbreak will reduce first-quarter demand for the commodity.

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Euro Price Outlook - EUR/USD, EUR/GBP Slumps Continue Unchecked

The single currency continues to weaken with EUR/USD and EUR/GBP hitting new multi-month lows. Tomorrow’s German and Euro-Zone GDP prints are now key to the Euro’s short-term direction.

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Ripple (XRPUSD) Price Action - Consolidation Before the Next Move

Ripple has jumped the best part of 20% in the last two days, breaking through an old resistance level. XRP now needs to confirm this move if the rally is to continue.

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British Pound (GBP) Latest: Edging Ahead, 1.30 and Above in Sight for GBP/USD

GBP/USD looks to be heading up to the 1.30 level for the first time since February 5, with further gains possible from there; Boris Johnson’s cabinet reshuffle now seems unlikely to move Sterling.

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US Dollar May Rise on Haven Demand as Coronavirus Fears Swell

The US Dollar may rise on haven demand and shrug at CPI data as fear about the spread and impact of the coronavirus holds markets hostage.

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Gold Prices Climb Again As China Coronavirus Cases Surge

Gold and other counter -cyclical assets got new support on Thursday as a new clinical diagnosis method saw a huge spike in cases of coronavirus in Hubei Province.

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Euro Outlook Bearish as EUR/CHF Approaches 5-Year Low

EUR/CHF is on the verge of testing a five-year low with risks of further losses if the pair shatters key support. However, positive RSI divergence may be hinting at a recovery ahead.

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Yen Outlook: USD/JPY Shorts in Focus, AUD/JPY May Fall on Long Bets

The Japanese Yen may fall if equities continue shrugging off fears around the coronavirus, but what is the outlook for USD/JPY and AUD/JPY from a psychological standpoint?

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Australian Markets Suggest Resilience Behind Virus Headlines

The coronavirus struck at a time when markets were looking ahead with more optimism than had been seen for a while. Of course. the contagion has hit that trade, but it hasn’t destroyed it.

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Oil Forecast: RSI Offers Buy Signal Even as OPEC Cuts Demand Forecast

The price of oil may attempt to break out of the monthly range as the Relative Strength Index (RSI) offers a textbook buy signal.

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USD/JPY, AUD/USD, NZD/USD Sink as Coronavirus Cases Surge Nearly 15k

The Japanese Yen soared as China revised the method for counting coronavirus cases, leading to a surge in reports. S&P 500 futures fell alongside USD/JPY, AUD/USD and NZD/USD.

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Canadian Dollar Forecast: USD/CAD Reverses Near Resistance, Will it Continue Lower?

USD/CAD fell this week after the pair approached resistance around the 1.3340 mark. Will it continue lower or can USD bulls regain their footing and probe the levels overhead?

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DAX 30 & FTSE 100 Forecasts for the Week Ahead

The DAX 30 pressed to record levels on Wednesday after breaching various levels of technical resistance. Meanwhile, the FTSE 100 remains a laggard.

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Euro Price Outlook: EUR/USD Spirals into Support– Trade Levels

Euro has been in free-fall since the start of the month with price now testing support just above the 2019 lows. Here are the levels that matter on the EUR/USD charts.

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US Dollar Runs into Resistance; EUR/USD Brewing Potential Bear Trap

It's been a really strong year in the US Dollar so far. But a bevy of drivers are ahead can USD bulls continue to push?

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GBP Better Bid, EUR Slips, Indices Continue to Rally - US Market Open

A relatively quiet session so far with Sterling and all European indices pushing higher, the Euro sliding further, while the cryptocurrency space continues to attract buyers.

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USDMXN: Interest Rate Cut Unlikely to Damage Mexican Peso Attraction

The Mexican central bank is expected to make a series of interest rate cuts this year to help reboot the ailing economy. Demand for the Mexican Peso however should remain strong.

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British Pound (GBP), FTSE 100 Latest: Rising Together as Brexit Row Begins

GBP/USD and the FTSE 100 generally move in opposite directions; now they are climbing together despite the UK and the EU digging in over financial services as Brexit political positioning begins.

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Euro Outlook Bearish vs USD on Powell Testimony, Fed Speak

EUR/USD may extend its decline if Fed Chairman Jerome Powell reinforces the central bank’s wait-and-see approach to policy despite concerns about the impact of the coronavirus.

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Crude Oil Prices Gain As Risk Appetite Holds Up After Fed's Powell

Crude oil prices were higher on Tuesday as US stock gains and an upbeat assessment from the Fed Chair found investors more sanguine that coronavirus may have a limited global impact.

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Bearish EUR/USD Behavior to Persist as RSI Flirts with Oversold Zone

EUR/USD bounces back from a fresh monthly low (1.0891), but the bearish price action from the start of February may persist as the RSI flirts with oversold territory.

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US Dollar May Fall vs Swedish Krona on Riksbank, Powell Report

Technical cues are hinting at a bearish correction for USD/SEK ahead of the Riksbank rate decision and Fed Chairman Jerome Powell’s second congressional testimony.

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Gold Price to Take Cues from Coronavirus News Following Fed Testimony

Developments surrounding the coronavirus may have a greater influence on the price of gold amid the limited reaction to the Fed testimony with Chairman Jerome Powell.

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New Zealand Dollar Spikes Up As RBNZ Holds Rates As Expected

The New Zealand Dollar got a lift as interest rates remained on hold at record lows. This had been expected, but the RBNZ is not above springing surprises.

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Canadian Dollar May Gain as USD/CAD Stalls, NZD/USD Eyeing RBNZ

The Canadian Dollar rose against the US Dollar despite some weakness in crude oil prices. USD/CAD may turn lower as the NZD/USD faces the upcoming RBNZ interest rate announcement.

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Australian Dollar Price Outlook: Aussie Bears Stalls- Reversal Risk

Australian Dollar is attempting to snap a six-week losing streak after rebounding off support at multi-year lows. Here are the levels that matter on the AUD/USD charts.

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Bitcoin Price Forecast: BTC/USD Charges Past $10,000, Can it Continue?

Bitcoin charged past the psychologically significant $10,000 mark on Tuesday as bulls continue to push the largest cryptocurrency by market cap higher. Where will the coin head next?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

US Dollar bulls have come rushing back so far in 2020 trade, and a series of USD drivers remain the calendar for the rest of this week.

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Nasdaq 100, S&P 500 Forecasts: Record Levels Remain in Focus

The Nasdaq 100 and S&P 500 waded into new territory on Tuesday which will see prior resistance turn to support and potentially provide assistance if bearish price action emerges.

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US Dollar Runs into Resistance Ahead of Powell: GBP/USD, USD/JPY

The US Dollar has been a runaway freight train so far in February. Chair Powell trots up to Capitol Hill today, will he feed the beast even more fuel?

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EUR/USD, EUR/JPY, AUD/USD Technical Outlook & More

The Euro is quickly approaching a big test, while Aussie sits with little interest yet at a big support level; FX charts and levels.

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Market Sentiment Positive as Virus Fears Recede | Webinar

Trader confidence is improving on hopes that the coronavirus outbreak may be close to its peak. However, the dominant theme in the markets is becoming the persistent strength of the US Dollar.

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Gold Price Outlook: XAU/USD Continues to Struggle with Conflicting Forces

Gold remains stuck in a short-term trading range as coronavirus fears battle with a strong US dollar to take control of price action.

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UK Economy Stagnates in Q4 as Manufacturing Production Continues to Struggle

The UK economy did not grow in the 4th quarter of 2019, but monthly growth seems to be heading in the right direction.

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British Pound (GBP) Latest: Still Trending Lower as Brexit Worries Shoppers

GBP/USD has stabilized this week but is still in a downward channel, with Brexit seemingly leading to weak UK retail sales.

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GBP/USD Outlook Ahead of Powell Testimony, UK GDP Data

GBP/USD may fall if Fed Chairman Jerome Powell cools rate cut bets during his congressional testimony after the publication of what could be weaker-than-expected UK GDP data.

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Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains

Gold prices were a little lower on Tuesday as some US economic optimism filtered through to Asia. However the coronavirus spread still casts a long shadow over markets.

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USD/CAD Rate Susceptible to Textbook RSI Sell Signal

USD/CAD may face a larger pullback over the coming days the Relative Strength Index appears to be on the cusp of flashing a textbook sell signal.

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AUD/USD Traders to Look Past Fed Testimony as Coronavirus Spreads

Developments surrounding the Asia/Pacific region may influence AUD/USD as China, Australia’s largest trading partner, struggles to contain the coronavirus.

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NZD/USD Technical Bias Bearish, Dow Jones Brushes off Coronavirus

The New Zealand Dollar fell ahead of tomorrow’s RBNZ rate decision, maintaining the near-term NZD/USD bearish technical bias. The S&P 500 and Dow Jones brushed off coronavirus woes.

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British Pound Forecast: UK GDP in Focus – GBP/USD, EUR/GBP, GBP/JPY

UK GDP for 4Q-2019 is slated to cross the wires during Tuesday’s trading session and boosts the potential for volatility in the British Pound – charts and levels to watch for GBP/USD, EUR/GBP, GBP/...

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New Zealand Dollar Price Outlook: NZD/USD and AUD/NZD Levels Ahead of RBNZ

The New Zealand Dollar has continued its slide versus the US and Australian Dollars which has left various technical levels vulnerable and further NZD weakness possible.

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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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Canadian Dollar Price Outlook: USD/CAD Breakout Testing Resistance

Canadian Dollar is off more than 2.7% since the start of the year with price now testing technical resistance. Here are the levels that matter on the USD/CAD charts.

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USD/MXN: Mexican Peso Pressing Resistance Ahead of Banxico Decision

The Mexican Peso trades near 16-month highs against the US Dollar, but spot USD/MXN price action could be at risk of reversing higher ahead of an expected Banxico interest rate cut due this week.

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Gold Grinds at Resistance, Bitcoin Tests Above 10k to Start Busy Week

Chinese inflation for January printed at an annualized 5.4% - the highest level in eight years, as coronavirus fears continue to grip financial markets.

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US Dollar, Dow Jones, Gold Prices, Euro, British Pound: Markets Week Ahead

The S&P 500 and Dow Jones finished on a cautious note as coronavirus fears waxed and waned. The US Dollar gained as the S&P 500 recovered most of its near-term losses. Gold prices trimmed declines....

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GBP/USD & EUR/GBP Prices: Reinforcing Recent Trading Ranges - Webinar

Sterling continues to trade near support as recently defined trading ranges hold for now. Tuesday will see the latest look at the health of the UK economy with a slew of important data prints out a...

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Ripple (XRP) Price Analysis: XRP/USD May Re-Test 2019 High

Ripple continues its recent rally off its December low and the chart now suggests a break of nearby resistance may well open the way for XRPUSD to test the $0.50 level .

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British Pound (GBP) Latest: Sterling Remains Weak Ahead of GDP and Cabinet Reshuffle

The British Pound opens the week below 1.2900 against the US dollar as trader’s set-up for Tuesday’s data deluge, including GDP numbers, and the Cabinet reshuffle at the end of the week.

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USD May Rise on Wuhan Virus Risk Ahead of White House Budget

The US Dollar may rise if fear about the coronavirus boosts demand for haven-linked assets ahead of the White House’s release of the budget for 2021.

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Crude Oil Prices Dip Under $50 as Coronavirus, OPEC Dominate Trade

Crude oil prices slipped beloq $50 only to regain that key psychological point on Monday as investors fretted coronavirus and OPEC’s likely response.

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EUR/USD Halts Losing Streak Ahead of Fed Testimony But Will It Last?

The Fed testimony with Chairman Jerome Powell may undermine the recent rebound in EUR/USD if the central bank head tames speculation for lower interest rates.

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Palladium May Rise with Oil-Linked NOK on Powell Testimony

Palladium prices may rise with the oil-linked Norwegian Krone if Chair Powell’s congressional testimonies strike a positive note on the global outlook kindles risk appetite.

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US Dollar Fundamental Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar may rise if coronavirus fears result in a resurgence in market volatility, sending USD/SGD and USD/MYR higher. This is as growth in the Fed’s balance sheet appears to slow.

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NZD/USD Outlook Mired Ahead of RBNZ as RSI Sits in Oversold Territory

NZD/USD may face a more bearish fate ahead of the Reserve Bank of New Zealand (RBNZ) meeting as the Relative Strength Index (RSI) sits in oversold territory.

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Australian Dollar Ticks Up on China CPI, Virus Headlines Driving

The Australian Dollar rose in the wake of strong Chinese CPI data putting inflation at its fastest pace since October 2011, with large gains in food prices mostly to blame.

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Australian Dollar Closed at 2009 Low, Yen May Gain as Week Starts

The Australian Dollar closed at its weakest since 2009 versus the US Dollar on a revival in coronavirus fears. The Yen may gain if market mood deteriorates as the week gets going.

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US Dollar, Dow Jones, Gold Prices, Euro, British Pound: Markets Week Ahead

The S&P 500 and Dow Jones finished on a cautious note as coronavirus fears waxed and waned. The US Dollar gained as the S&P 500 recovered most of its near-term losses. Gold prices trimmed declines....

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Dow Jones, DAX 30 & FTSE 100 Fundamental Forecasts

Global equity markets regained their footing last week as coronavirus fears subsided and risk appetite reemerged. Can equities continue to disregard the impact on economic activity?

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USD/MXN Outlook: Mexican Peso Defies Fundamentals Ahead of Rate-Cut Decision

The Mexican Peso appreciated a further 1.76% against the US dollar during this past week, but a short-term correction has come into play ahead of next week’s interest rate decision.

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Euro Weekly Price Forecast: Fundamentals, Data Suggest a Terminal Decline

The Euro remains under downside pressure after a week when any short-term bullish sentiment was all but wiped out. Next week’s Euro-Zone and German GDP data may well confirm this bearish breakout.

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Gold Prices Biased Higher with Powell Testimony, US CPI Eyed

Gold prices have found support as assorted would-be headwinds pin down global interest rates. Surprise risk seems to tilt in favor of higher versus lower prices.

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USD Forecast: US Dollar Hinges on Virus Fear, Sentiment & Powell

USD currency traders will likely look to coronavirus headlines, consumer sentiment data and Fed Chair Powell’s congressional testimony for clues on where the US Dollar might head next.

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Crude Oil May Recover on Powell Testimony, Tariff Reduction

Crude oil prices may rise if Fed Chairman Jerome Powell’s congressional testimony and the US-China tariff reduction cool slowdown fears and boost the growth-reliant commodity.

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Australian Dollar May Be Back to Virus-Watch After RBA Boost

The Australian Dollar rose after domestic interest rates were left alone even though the decision had been expected. It’s still under duress though and can’t hope for a similar RBA rescue this week.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels

The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.

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Loonie Mixed After Canadian Jobs: CAD/JPY, GBP/CAD & AUD/CAD

Canadian Jobs data briefly lifted the Lonnie this morning, but coronavirus fears weigh on oil prices, helping suppress the CAD

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Sterling Price Outlook: British Pound Slams into Key GBP/USD Support

Sterling plummeted nearly 2% against the Dollar this week with Cable trading just above key support post-NFPs. Here are the levels that matter on the GBP/USD charts.

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Gold Prices Rally, USD/JPY Turns, AUD/USD Sets Fresh Decade Lows

NFP printed with strength in an all-around healthy report. But risk aversion themes have started to show as fears around the spread of coronavirus remain.

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Non Farm Payrolls Beats Expectation: US Dollar Rallies

This morning brought the release of US Non-Farm Payrolls to the tune of 225k vs the expectation of 165k.

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USD, AUD/USD, GBP/USD – Charts for Next Week

The Dollar continues to rise, Aussie probing near decade plus lows and Cable below near-term support that sets it up for lower prices.

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Crude Oil Selloff Deepens; Can NFP Data Dwarf Coronavirus Fears?

Crude oil officially fell into bear market territory last week and is now trading near $50.00 on the novel coronavirus outbreak, but high-impact US jobs data is due for release and could rekindle r...

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EUR/USD Price Slumps Through Support Ahead of US Jobs Data, Chart Remains Weak

Yet more weak German hard data has pulled the rug from under EUR/USD and sent it tumbling through recent stubborn support levels.

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British Pound (GBP) Latest: GBP/USD Eyes US NFPS; Post-Brexit Tariffs to be Slashed?

Sterling (GBP) remains against a resurgent US dollar and trades around support as Europe opens. This afternoon’s US Labor Report (NFP) is Friday’s focal point.

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US Dollar Outlook Bullish Ahead of Market-Moving Jobs Data

The US Dollar may continue rising along the January uptrend if US nonfarm payrolls data reports a better-than-expected print after the prior sent a chill down the spines of investors.

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Gold Prices Down as Markets Eye Virus Headlines, US Payrolls

Gold is well supported at elevated levels but it inched down on Friday in Asia as the markets looked with hope to upcoming US jobless data.

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The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

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XPD/USD Heading for Correction as XAG/USD Aims to Breakout?

Palladium prices may on the verge of a bearish correction as the precious metal tests critical support with XAG/USD in the early stages of what could be a bullish breakout.

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Canadian Dollar Gains as Crude Oil Prices Look Past OPEC+ Cut Bets

The Canadian Dollar rose as crude oil prices looked past OPEC+ output cut recommendations, focusing on development in the TSX. Ahead, the Australian Dollar eyes Chinese trade data.

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US Dollar Forecast: NFP Report & FOMC in Focus – USD Trade Levels

The US Dollar has staged an impressive rally year-to-date, but USD price action is at risk with the monthly NFP report on deck for release as it can materially sway FOMC monetary policy expectations.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels

The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.

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NFP: Nonfarm Payrolls 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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Canadian Dollar Price Outlook: USD/CAD Bulls Targeting Trend Extremes

Canadian Dollar is poised to fall for a fifth consecutive week with USD/CAD eyeing key resistance targets. Here are the levels that matter on the Loonie weekly chart.

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US Dollar Returns to Resistance, NFP on Deck: EUR/USD, USD/JPY

US Dollar bulls have come back to the table this week, and tomorrow brings the big one in Non-Farm Payrolls.

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Crude Oil Picks Up, Euro Nears Important Support, Equities Remain Bouyant - US Market Open

A quiet session so far with crude oil picking up from its recent one-year low, EUR/USD trending lower on poor data, while indices continue to push ahead.

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European Stocks Outlook: Trending Higher on Trade and Virus Hopes

Continental Europe’s main stock market indexes, including the DAX and the CAC, are advancing strongly on hopes of a coronavirus breakthrough and news China will halve tariffs on some US imports.

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EUR/USD Price Analysis: Treading on Thin Ice After Dismal German Data

The Euro remains weak after the latest German factory orders data slump, highlighting the ongoing weakness in the Euro-Zone’s largest economy.

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British Pound (GBP) Latest: Watch Out For The Valentine's Day Massacre

For Sterling traders, an important date to note in the diary is February 14, when UK Prime Minister Boris Johnson is expected to reshuffle his senior ministers post Brexit.

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Euro Slide vs USD May Continue Ahead of German Factory Orders

The Euro may continue to fall against the US Dollar if German factory orders data echoes the same weakness seen in yesterday’s retail sales statistics and amplifies EUR/USD losses.

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Crude Oil Prices Up as China Pledges to Lift Some US Import Tariffs

Crude oil prices were boosted by the surprise news that China plans to life barriers against a range of US goods this month.

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AUD/USD Analysis: Post RBA Rebound Brings RSI Back from Oversold Zone

AUD/USD may extend the series of higher highs and lows from earlier this week as the Relative Strength Index (RSI) bounces back from oversold territory.

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Gold Prices, S&P 500, DAX Index at Critical Turning Points

Gold prices, the S&P 500 and the German DAX equity index are all at critical price intersections, the outcome of which may precede aggressive liquidation or a buying frenzy.

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Gold Price Susceptible to Larger Pullback as Bullish Momentum Abates

The price of gold may struggle to retain the advance from the start of the year as the bullish momentum abates.

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Australian Dollar May Reverse as Markets Bet on Coronavirus Vaccine

The Australian Dollar may have bottomed against the US Dollar as bets of a coronavirus vaccine sank that Japanese Yen. This is as EUR/USD declined on fading dovish Fed expectations.

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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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Crude Oil Price Decline Stalls at Support as OPEC Discusses Production Cuts

Crude oil trades near bear market territory after falling nearly 20% from a recent high. With the demand outlook muddied, crude may struggle to reclaim lost ground.

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Gold Technical Forecast: XAU Breakdown Finds Fibonacci Support

Gold prices have pulled back aggressively in the early-portion of this week, wiping out all of last week's gains and then some.

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DAX 30 Price Forecast: Can the Index Escape its Range?

The DAX 30 has enjoyed a parabolic rebound this week after plummeting to support last Friday. Still, fundamental concerns remain, and they may work to keep the DAX in check.

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S&P 500 Price Outlook: SPX500 Rally Targets Fresh Yearly Highs

The S&P 500 Index surged more than 2.7% this week with the rally eyeing uptrend resistance at fresh record highs. Here are the levels that matter on the SPX500 chart.

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USD Strength Continues on Solid ISM Services PMI

ISM Services index continued to grow in January with a reading of 55.5, beating expectations of 55.1

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USD/CAD Tests Resistance: US to Canadian Dollar Price Analysis

USD/CAD had a rough month of December to cap off a 700-pip loss for last year. But already in 2020 half of that sell-off has been clawed back.

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Coronavirus Vaccine Talk Supports Risk, GBP Boosted by PMI Data, Tesla Bubble - US Market Open

Talk that a vaccine for coronavirus has been found boosted risk assets in early turnover, while Sterling (GBP) received a boost from stronger-than-expected UK PMI data. All eyes on Tesla.

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

Oil is looking to try and bottom around support, gold has room to roll over some more, while stocks look to try and tack on more gains.

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Sterling (GBP) Boosted by Robust PMI Data, Euro-Zone Sentiment Nudges Higher

The final UK PMI release this morning showed the UK economy picking-up post-general election, led by the dominant services sector. Euro-Zone data was also better, easing recession fears.

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British Pound (GBP), FTSE 100 Latest: China Stimulus Brings Markets Hope

GBP/USD and the FTSE 100 are steadying after their recent weakness on the coronavirus outbreak, and Chinese measures to stimulate its economy are alleviating concerns, potentially helping their rec...

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Euro May Rise on Retail Sales as Traders Eye Key Debt Release

The Euro may rise on retail sales data for the holiday-packed month of December with eyes on the European Commission’s release of a paper on revising debt rules in the Eurozone.

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Gold Prices Higher on Virus Fears Despite Asian Stock Gains

Gold prices’ underlying haven bid remained strong through Wednesday’s session despite some cheer for riskier assets generated by hopes for more Chinese stimulus.

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US Dollar Positioning Outlook: USD/CAD and NZD/USD Trends Analyzed

The US Dollar may rise against the Canadian Dollar and New Zealand Dollar based on trader positioning signals as USD/CAD short bets accumulate and NZD/USD long bets increase.

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Singapore Dollar at Risk, USD/SGD Soars as MAS Brings Up Coronavirus

The Singapore Dollar fell against the US Dollar as USD/SGD rose after the MAS hinted a more-dovish tilt on concerns that the coronavirus could dent local growth as China’s economy slows.

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Bitcoin Forecast: Key BTC/USD Levels to Watch

BTC/USD has rallied over 30 percent year-to-date, but recent price action shows upside momentum is fading as it approaches what could be a trend-defining intersection.

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New Zealand Dollar, NZD/USD Outlook May Shift Bullish as Yen Sinks

The New Zealand Dollar outlook may shift bullish as NZD/USD spawns a reversal formation. The Yen sank as the S&P 500 rose on cooling Wuhan virus fears and the Fed injecting liquidity.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Bounce Off Support - What's Next?

The Australian Dollar rallied off support on Tuesday as resurgent risk appetite and an uneventful RBA rate decision worked to boost the growth-sensitive currency. Can it tackle resistance?

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Bitcoin Price Outlook: BTC/USD Rally Falters- Crypto Trade Levels

Bitcoin is trading just below resistance after rallying more than 40% off the yearly lows- bulls at risk. Here are the levels that matter on the BTC/USD technical chart.

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US Dollar Jumps, GBP/USD Crumbles and Crude Oil Sets a Fresh Low

After an aggressive sell-off to finish January, USD bulls have come back; helping GBP/USD to crater down to the 1.3000 psychological level.

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Global Indices Bid, USD, Gold & Oil Stabilize, Tesla Shorts Incinerated - US Market Open

A risk-on tone pre-US market open with global indices all in positive territory. Gold, oil and the US dollar remain calm, while Tesla (TSLA) short sellers continue to lose billions of US dollars.

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Demand for Havens Wanes as Sentiment Picks Up | Webinar

Trader confidence has picked up as market fears about the coronavirus have waned, leading to demand for riskier assets and less demand for safe havens.

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Euro & Pound Pairs – Forex Analysis & Charts

The Euro looks vulnerable to more losses after yesterday, sterling is holding onto support versus the dollar and yen, but may not be for long.

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Gold Price Testing Support as US Dollar Strength Trumps Coronavirus Fears For Now

Gold has slipped back off its recent highs as renewed US dollar strength outweighs the coronavirus fears. The Chinese flu however continues to take its toll.

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British Pound (GBP) Latest: Outlook Bleak as Brexit Slide Continues

GBP/USD weakness, and EUR/GBP strength, will likely persist as the UK and the EU take hardline positions ahead of Brexit negotiations that begin soon.

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Iron Ore Price Analysis: Hammered Into Resistance as Coronavirus Fears Spread Further

Iron ore was hammered Monday as Chinese markets re-opened, bringing a huge wave of sellers. Fears that the Chinese coronavirus will hit global growth hard saw iron prices hit a near three-month low.

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US Dollar Outlook Bullish Ahead of State of the Union Address

The US Dollar may rise on President Donald Trump’s State of the Union address if he alludes to expansionary fiscal policies and pours cold water on inflamed 2020 Fed rate cut bets.

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Crude Oil Gains as Risk Appetite Revives, Production Cuts Possible

Crude oil prices got a lift both from a generally better tone for pro-cyclical assets and from reports that traditional producers might reduce production in response to coronavirus.

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Dollar Soars as SGD, MYR and IDR Drop on China Woes, Can it Sustain?

The US Dollar rose against the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit on coronavirus fears. What is the road ahead for USD/SGD, USD/IDR, USD/MYR and USD/PHP?

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Australian Dollar Gains As RBA Leaves Interest Rates On Hold, As Expected

The Australian Dollar rose as the RBA left interest rates alone for another month. The chance of a rate cut in February had been progressively priced out by markets beforehand.

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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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Japanese Yen May Gain on China Slowdown Woes, British Pound Sinks

The Japanese Yen may gain on China slowdown fears. The British Pound suffered a dismal session. The Australian Dollar is at risk if the RBA brings up concerns on the coronavirus.

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RBA Preview & Australian Dollar Outlook: AUD/USD, AUD/JPY, AUD/CAD

The Australian Dollar looks ripe for volatility surrounding the latest RBA monetary policy update on deck for release Tuesday, February 04 at 3:30 GMT.

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Mexican Peso Price Outlook: USD/MXN in Consolidation- Breakout Levels

Mexican Peso has been in consolidation since the start of 2020 with price trading just above downtrend support. Here are the levels that matter on the USD/MXN 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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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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US Dollar Forecast: GBP/USD, USD/JPY, AUD/USD – Charts to Watch

Currency volatility expected in the US Dollar spiked ahead of this week’s jam-packed economic calendar and brings GBP/USD, USD/JPY and AUD/USD into focus.

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USD At Resistance on US ISM Manufacturing (January)

This morning brought the release of US ISM Manufacturing data to the tune of 50.9 vs the expectation of 48.5

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Dow Jones, CAD & MXN at Risk from Bernie Sanders Iowa Win - US Market Open

US election in focus as Bernie Sanders is favourite in the Iowa caucus. GBP/USD collapses as Boris Johnson sets out tough stance on EU.

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S&P 500, Crude Oil, Gold Prices, US Dollar: Markets Face Tipping Point

The S&P 500 erased January's upside progress as coronavirus fears dented sentiment-linked crude oil prices and fueled anti-fiat gold prices. Investors are doubling down on a dovish Fed which is in ...

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GBP/USD, EUR/GBP and FTSE 100 Price Analysis - UK Webinar

Sterling (GBP) slips in early turnover as EU-UK trade talks begin, while the FTSE 100 gets a leg higher despite ongoing Chinese coronavirus fears.

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Crude Oil Price Slumps 22% This Year Into Bear Market Territory

Crude oil continues to fall on fears that the Chinese coronavirus will have a greater-than-expected impact on global growth. The daily crude oil chart shows strong support currently holding but fea...

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British Pound (GBP) Latest: Sterling Weakens Ahead of Preliminary EU-UK Trade Talks

Sterling opens the week lower as the UK and the EU present their negotiating directives and plans for the new EU-UK trade relationship, with a huge difference of opinion expected between the two si...

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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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