Euro Stoxx 50, IBEX Price Forecasts: Bulls Eye Trend Higher

Bulls look to keep trend higher intact after a weak finish Thursday, despite a relatively dovish ECB.

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CAC 40 Forecast: Index Bleeds Lower Following ECB Meeting

The CAC 40 closed near its session low despite an accommodating attitude from the European Central Bank. Where is it headed next?

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Canadian Dollar Price Outlook: USD/CAD & EUR/CAD Test Support

USD/CAD and EUR/CAD price action respond to critical technical support levels as the Canadian Dollar starts to give back recent gains. Is USD/CAD, EUR/CAD and broader Canadian Dollar primed for a r...

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EUR/USD Stable as ECB Takes Further Action to Boost Eurozone Economy

The European Central Bank has left its interest rates unchanged, as expected, but increased its measures to counter the economic slump caused by Covid-19.

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DAX 30 Outlook: Upside Exhausted, ECB Key for Next Leg

All eyes on ECB as weak Eurozone data places further pressure on Lagarde and Co. to act. DAX Struggling for Direction.

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EUR/USD Remains Under Pressure as Euro-Zone Economic Activity Slumps in Q1

The Euro-Zone economy contracted at a sharper rate than expected data showed, ramping up the pressure on ECB President Christine Lagarde to act further at today’s ECB policy announcement.

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British Pound (GBP) Latest: GBP/USD, FTSE 100 Outlook Still Positive

The recent modest climbs in GBP/USD and London’s FTSE 100 index show no sign yet of reversing as hopes rise of a drug that might help speed recovery from Covid-19.

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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

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Gold Prices Drift Lower As Covid Treatment Hopes Lift Market Mood

The gold price slipped in Asia as investors looked with renewed expectation to treatments under test in the United States. Haven assets remain supported by the prognosis that rates will remain low,...

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AUD/USD Rate Eyes March High as FOMC Sticks to Dovish Forward Guidance

AUD/USD faces a key test going into May as the exchange rate approaches the March high (0.6685) following the Federal Reserve meeting.

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Japanese Yen May Rise as CLO Market Faces Wave of Credit Downgrades

The Japanese Yen may rise if a tidal wave of credit downgrades in the virus-shaken collateralized loan obligation (CLO) and leveraged loan market put a premium on anti-risk assets.

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Australian Dollar Slide Halts As China PMI Holds Above 50 But Misses Forecast

The Australian Dollar was pressured as comments from Donald Trump on coronavirus retaliation against China hit risk appetite. News that China's manufacturing sector continues to expand steadied it.

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USD/CAD Rate on Track to Snap Monthly Range Following FOMC Meeting

USD/CAD appears to be on track to snap the monthly range following the FOMC meeting as the exchange rate extends the series of lower highs and lows from earlier this week.

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Wall Street, Gold Prices Rise as US Dollar Sinks Despite 2008-Low GDP

Wall Street’s best day in over 3 weeks sunk the haven-linked US Dollar as anti-fiat gold prices rose. A virus drug trial, the Fed and rosy tech earnings overshadowed 11-year-low GDP.

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US Dollar Chart Setups Post-FOMC: DXY Index, EUR/USD & AUD/USD

US Dollar slid further after the FOMC meeting press statement release crossed the wires and as traders digested commentary from Fed Chair Powell. Where is the DXY Index, EUR/USD and AUD/USD price a...

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S&P 500 Price Outlook: Sentiment to be Bolstered by Strong Earnings

Earnings from Microsoft, Facebook and Tesla will play their part in influencing the S&P 500 on Thursday after the three firms reported a series of upbeat results.

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Dow Jones Index Remains near Session Highs on FOMC Rate Decision

The Dow Jones Index remained near session highs Wednesday afternoon as the Fed's FOMC meeting concluded in Washington D.C. leaving rates unchanged, as expected

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

The latest FOMC interest rate decision is due for release today at 18:00 GMT. How have Fed meetings historically impacted performance in the US Dollar, Dow Jones and spot gold?

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April 29, 2020 at 04:17PM
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US Dollar Gyrates on Sharpest GDP Contraction in Decades

US GDP contracted at the sharpest pace in decades as the COVID-19 pandemic hampered the economy

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Dow Jones, DAX 30, Gold Price Charts to Watch & More

Stocks remain strong and could in the near-term before running into key levels, gold is still working on a consolidation pattern.

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USD/MXN - Mexican Peso vs US Dollar, Peso at a Turning Point?

Mexican Peso pushes as risk sentiment improves, while month-end USD selling also adds to Peso gains.

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USD/CAD Price Nears Support Ahead of FOMC Meeting, US Q1 GDP

The recent USD/CAD sell-off continues with a series of lower highs driving sentiment. Near-term support is close but today’s FOMC meeting is likely to decide the next move for USD/CAD.

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British Pound (GBP) Latest: Wave of Optimism Boosts GBP/USD, FTSE 100

GBP/USD and the FTSE 100 are both benefiting from an easing of coronavirus lockdowns, hopes the epidemic may be near its peak and a rally in risk assets generally.

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US Dollar May Rise on FOMC, Virus-Shaken US GDP Data

The US Dollar may rise if the FOMC rate decision and US GDP data put a premium on haven-linked assets amid concerns of a deep and prolonged virus-induced recession.

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Crude Oil Prices Rise With Risk Appetite As Markets Hope for Dovish Fed

Crude oil prices got a lift as financial markets in general felt a little better. Coronavirus lockdowns are being rolled back and heavy stimulus is in place

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Gold Price Outlook Hinges on Federal Reserve Interest Rate Decision

The Federal Reserve interest rate decision may influence the price of gold over the coming days as the central bank relies on its balance sheet to support the US economy.

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Dow Jones, FTSE 100, DAX 30 Outlook: Retail Investors Selling Again?

Short exposure to stock indexes such as the Dow Jones, FTSE 100 and DAX 30 has been rising and they have been slowly climbing. What is the contrarian outlook from here?

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Australian Dollar Ticks Up As Inflation Rises, Virus likely Blunts Impact

The Australian Dollar gained a little on news that consumer price inflation rose markedly in the first quarter, returning to its target band, even though interest rates are likely stuck at low levels.

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NZD/USD April Range Intact as New Zealand Eases Nationwide Lockdown

NZD/USD may face range-bound conditions going into May as it reverses course ahead of the monthly low (0.5843) and extends the rebound from the previous week.

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Japanese Yen Breakout Versus US Dollar in Focus as Stocks Wobbled

The Japanese Yen may be breaking out against the US Dollar after almost a month of consolidation. This follows a rather choppy session for global equities as Wall Street fell.

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AUD/USD Climbs, US Dollar Drops Ahead of the Fed & GDP Data

US Dollar has dropped over the last three-consecutive trading sessions as market participants pressure the DXY Index. Can AUD/USD price action extend recent gains with the Fed and US GDP data on deck?

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Dow Jones Price Outlook: High-Profile Earnings Highlight Coronavirus Impact

A series of high-profile earnings results from Alphabet, AMD, and Ford were reported on Tuesday with a varying degree of impact from coronavirus.

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Canadian Dollar Price Outlook: USD/CAD Snaps Back, Will Bears React?

USD/CAD fell back-below the 1.4000 marker this morning, and has since checked back to prior support for potential resistance.

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Russell 2000 & Mid-Cap Stocks Surge on Fed Policy Tweak, VIX Falls

The Russell 2000, a mid-cap equity index, is now outperforming other popular stock market benchmarks like the S&P 500, Dow Jones and Nasdaq. Will major Fed policy toolkit changes keep bolstering th...

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Nasdaq 100 Price Outlook: Levels to Watch Ahead of Big-Tech Earnings

Some of the biggest technology names are scheduled to report their quarterly earnings this week, a string of events that could spark price volatility for the tech-heavy Nasdaq 100.

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US Dollar Remains Pressured on Record Consumer Confidence Drop

Despite the sharp drop in consumer confidence Tuesday morning, the US Dollar remains under pressure as plans for reopening the global economy come into focus.

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US Dollar Suffers, Australian Dollar and Japanese Yen Shine - US Market Open

Global risk sentiment lends support to US equities. Dollar weakness broad-based, while oil remains volatile.

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EUR/USD Price Vulnerable to Central Bank and Data Induced Volatility

EUR/USD volatility is likely to jump over the next two days with the latest FOMC and ECB policy announcements, alongside Q1 GDP data which is expected to show both economies contracting sharply.

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AUD/USD, EUR/USD, Gold Charts & More to Watch

The Aussie recovery looks to have more room to go, the Euro is at a major inflection point worth paying close attention to, while gold tries to stay firm.

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Gold Price Slides on Renewed Risk Appetite, Unable to Break Trend Resistance

The price of gold has dipped further this morning with the uptrend from the March 19 low acting as strong resistance. A short-term series of lower highs dominate price action.

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British Pound (GBP) Latest: Caught Between Oil Woes and Lockdown Hopes

Sterling and other riskier assets, including the FTSE 100, will likely continue to trade sideways near-term as hopes that coronavirus lockdowns will be eased are offset by continuing turmoil in cru...

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US Dollar May Gain From Risk Aversion if Confidence Data Sours Sentiment

The US Dollar may rise if consumer confidence data reveals how severely the coronavirus pandemic has infected the optimism of the steam engine of American growth.

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Gold Prices Retreat As Hopes For Virus-Lockdown Rollbacks Endure

Gold lost out to riskier assets in Asia as investors still hope that maybe the worst of the pandemic is behind them. That’s a big maybe though and the metal remains near recent highs.

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AUD/USD Preserves Ascending Channel Formation Even as RSI Deviates

AUD/USD continues to track the upward trending channel carried over from March even though the Relative Strength Index (RSI) deviates with price.

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Copper Prices Could Offer Best Coronavirus-Recovery Steer

With oil prices wilting under the weight of their own market dynamics, and stock markets infectiously optimistic, could the key industrial metal be telling an important truth?

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USD/SEK, EUR/SEK Ripe for Bullish Breakout Ahead of Riksbank Rate Decision

The Swedish Krona may fall versus the US Dollar and Euro if the Riksbank rate decision and outlook for the virus-shaken economy accentuates selling pressure in SEK.

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New Zealand Dollar Slips, Ardern's Virus Caution Adds To Risk-Off Tone

The New Zealand Dollar headed lower as its home country’s political leader sounded a solemn note even as the nation declares coronavirus beaten.

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US Dollar Outlook vs SGD, IDR, MYR Hinges on Foreign Exchange Reserves

The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?

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USD/CAD Rate Tracks Monthly Range as Federal Reserve Expands MLF

USD/CAD may continue to track the monthly range as the break of the descending channel formation fails to produce a test of the April high (1.4298).

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S&P 500 Forecast, at Turning Point? Australian Dollar May be at Risk

The S&P 500 may be at a turning point, leaving the Australian Dollar at risk as markets await key US earnings data. Trump-China comments could cool sentiment during Asia Pacific trade.

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US Dollar Eyes Coronavirus Impact on Consumer Confidence Data

The DXY Index has drifted modestly lower since Friday, but consumer confidence data due for release might rekindle US Dollar strength as economic indicators detail the staggering costs of COVID-19.

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Gold Price Outlook: XAU Confluent Support - FOMC, ECB on the Docket

Gold prices have put in some big moves after a near-15% drop in March led into a 20% rally up to fresh seven-year-highs in mid-April.

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Nasdaq 100 Price Outlook: Levels to Watch Ahead of Big-Tech Earnings

Some of the biggest technology names are scheduled to report their quarterly earnings this week, a string of events that could spark price volatility for the tech-heavy Nasdaq 100.

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Dollar vs Mexican Peso Technical Price Outlook: USD/MXN Rally at Risk

Mexican Peso is down more than 8.6% from the April extremes and takes price into a key resistance zone. Here are the levels that matter on the USD/MXN technical charts.

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Central Bank Watch: Carry Trade Yield Appeal Wiped Out for AUD, CAD & NZD

G10 currencies’ central banks are taking extraordinary measures to stem the economic fallout from the coronavirus pandemic.

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Crude Oil Price Rout Endures, Futures Crash 25% Ahead of GDP

Crude oil prices are retreating to start the trading week with June 2020 futures down nearly 30% as demand woes persist and storage capacity bulges ahead of 1Q-2020 global GDP data reports.

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Markets Week Ahead: Australian Dollar, US Dollar, Dow Jones, Gold Prices

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Weekly Euro Forecast: April ECB Meeting Comes as EUR/JPY, EUR/USD Rates Pressured

Both EUR/JPY and EUR/USD rates are under immense pressure, having made a number of key technical breaks to the downside in recent sessions.

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GBP/USD, EUR/GBP, FTSE 100 Outlooks - Weekly UK Webinar

Encouraging talk that UK PM Boris Johnson is considering partially unwinding coronavirus lockdown measures has booster the British Pound and the FTSE 100. A busy schedule of economic releases and c...

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US Dollar Drop Before FOMC Meeting May Not Last

The US Dollar faces strong selling pressure as the markets hope for more stimulus at this week’s FOMC meeting. They may be in for a disappointment.

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British Pound (GBP) Latest: GBP/USD and FTSE Rally as PM Mulls Lockdown Modifications

Boris Johnson is back at No.10 today and there is talk that the PM may well decide to modify parts of the UK lockdown ahead of the May 7 deadline. Sterling and the FTSE both getting a positive boost.

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Crude Oil Prices Lower As Coronavirus Demand Plunge Fills Storage

Crude oil prices continue to struggle with a vast glut of supply at a time when demand is crumbling. News that US facilities hold nearly as much as they ever have has set prices back.

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Gold Price Fails to Test November 2012 High Ahead of FOMC Meeting

The price of gold may consolidate ahead of the Federal Reserve interest rate decision on April 29 amid the string of failed attempt to test the November 2012 high ($1754).

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Japanese Yen Up, Nikkei 225 Down After BOJ Expands Policy Support

The Japanese Yen rose while the Nikkei 225 stock index declined as the Bank of Japan expanded its stimulus efforts and slashed economic projections amid the Covid-19 outbreak.

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US Dollar, ASEAN Fundamental Outlook: SGD, IDR, MYR and PHP

The US Dollar and ASEAN FX remain glued to market sentiment. The Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso eye earnings, the Fed and US GDP.

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EUR/USD Rate Outlook Hinges on Euro Area 1Q GDP Report & ECB Meeting

The Euro Area 1Q Gross Domestic Product (GDP) report may drag on EUR/USD as the update is anticipated to show the first contraction since 2013.

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Australian Dollar May Rise as Week Starts After Dow Jones Rallied

The Australian Dollar may pressure resistance after the Dow Jones rallied, opening the door for Asia Pacific equities to rise at this week’s onset which may leave the Yen vulnerable.

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Markets Week Ahead: Australian Dollar, US Dollar, Dow Jones, Gold Prices

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S&P 500, DAX 30 and FTSE 100 Forecasts for the Week Ahead

Economies are now beginning to re-open, however, the question remains as to what a post-lockdown world will look like.

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Euro Forecast: Outlook for EUR/USD Still Bearish

The prospect of a severe contraction in the Eurozone economy, combined with the region’s slow and complex decision-making process, will likely lead to further losses for EUR/USD in the week ahead.

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Gold Price Outlook Bullish as Liquidity Gushes, Recession Looms

Gold price action popped 2.7% higher last week as central bank asset purchases continue to bulge and flood the market with liquidity, but can the precious metal keep extending its bullish breakout?

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US Dollar Outlook Bullish on FOMC as Virus-Induced Recession Risks Swell

The US Dollar may rise if demand for liquidity surges and pushes the haven-linked Greenback higher as the global growth outlook deteriorates. The FOMC rate decision may fan these flames.

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Oil Price Fundamental Outlook Mired by Great Lockdown

The economic shock from COVID-19 may continue to drag on the price of oil as the Great Lockdown disrupts global demand, with the crude surplus raising the cost of storage.

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VIX Crumbles as Crude Oil Volatility Ebbs, Complacency Builds

The VIX Index, or fear-gauge, is on pace to record its lowest close since March 05 as crude oil price volatility normalizes. Will the VIX keep bleeding lower or have markets turned complacent?

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How to Invest During a Recession: Investments & Strategy

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

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Australian Dollar Faces Key CPI Data, Coronavirus Will Blunt Its Impact

The Australian Dollar market normally focuses laser-like on inflation data which comes only once a quarter. The coming set, however, will likely see its impact severely blunted.

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Dow Jones Technical Forecast for the Week Ahead

The Dow Jones lags the Nasdaq and S&P 500 but has climbed nevertheless. If risk appetite continues in the week ahead, the Industrial Average may have to negotiate multiple barriers overhead.

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USD/BRL Volatility Surges on Moro Resignation

Brazil's Minister of Justice, Sergio Moro, resigned Friday as political turmoil in the country continues. The Real continued to underperform its emerging market peers.

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Canadian Dollar Price Outlook: Loonie on Offense as Oil Stabilizes

Canadian Dollar is holding a well-defined range just above the April open into the close of the week. Here are the levels that matter on the USD/CAD technical charts.

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Central Bank Watch: Carry Trade Yield Appeal Wiped Out for AUD, CAD & NZD

G10 currencies’ central banks are taking extraordinary measures to stem the economic fallout from the coronavirus pandemic.

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Brexit Latest: EU's Barnier Signals Disappointment - US Market Open

A relatively lacklustre end to the week with European equities under pressure. Narrow ranges across FX pairs.

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Brexit Latest: EU's Barnier Signals Disappointment - US Market Open, Brexit Talks

A relatively lacklustre end to the week with European equities under pressure. Narrow ranges across FX pairs.

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EUR/USD, USD/CAD, USDJPY & More: USD Charts for Next Week

The Euro is in danger of a significant breakdown, the Canadian dollar is in limbo, while the Yen contracting price points to a breakout soon.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch For the Week Ahead

Upside momentum beginning to wane. AUD/USD turnaround would need confirmation from pullback in risks sentiment.

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British Pound (GBP) Latest: GBP/USD Slides Against a Powerful US Dollar

PM Boris Johnson is expected to return to No.10 on Monday as expectations mount that a phased exit from lockdown measures may be announced soon. The FTSE 100 remains rangebound while Sterling is lo...

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Euro May Fall on German IFO Data After Dismal PMI Cascade

The Euro may extend its decline versus the US Dollar if German IFO data amplifies a selloff in EUR/USD after the Eurozone, UK and US all printed alarming PMI figures.

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Crude Oil Prices Up Despite Covid-19 Demand Hit. Production Cuts Eyed

The crude oil markets has seen some fightback as investors hope more producing regions will respond to collapsing demand with much reduced supply.

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Indian Rupee Gains But US Dollar May Rise as Nifty 50 Eyes Virus Risk

Indian Rupee gains on the RBI’s operation twist may be short lived if the haven-linked US Dollar rises as the virus lockdown persists. The Nifty 50 trades within a bearish formation.

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Gold Prices May Stay High as 2008 Crisis Cure Bedevils Covid-19 Policy

Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the coronavirus outbreak.

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USD/MXN Achieves Bullish Breakout, USD/ZAR Tests New Highs

USD/MXN may be on the verge of a bullish spike after it broke a key technical level in a short-term continuation pattern as USD/ZAR tests new highs.

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USD/CAD Rate Breakout Flops Ahead of April High

USD/CAD may trade within a more defined range over the remainder of the month amid the failed attempt to test the April high (1.4298).

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Australian Dollar Stalled as Gilead Virus Drug Trial Disappointed

The Australian Dollar stalled as AUD/USD got caught in resistance after Gilead Sciences coronavirus drug trial disappointed. S&P 500 futures are pointing lower into Friday trade.

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Dow Jones Technical Forecast for the Week Ahead

The Dow Jones lags the Nasdaq and S&P 500 but has climbed nevertheless. If risk appetite continues in the week ahead, the Industrial Average may have to negotiate multiple barriers overhead.

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Australian Dollar Price Analysis: Can AUD/USD Bulls Take on .6500?

AUD/USD has rallied by more than 800 pips in a little more than a month, coming in stark contrast to the bearish theme that had built in Aussie in Q1.

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Euro Forecast: EUR/USD Plunges Below 1.08 as EU Summit Flops

EUR/USD price action spikes lower as the Euro comes under heightened selling pressure in late Thursday trade after EU leaders fail to agree on much needed coronavirus stimulus measures.

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US Dollar Unphased by Weak US PMI Figures

US PMI figures from Markit crossed the wires Thursday morning showing a sharp drop in activity for the US manufacturing and services sectors amid the current COVID-19 pandemic

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EUR/CHF Testing Most Important Level in Currency Markets - US Market Open

Eurozone PMIs plummet, EUR/CHF tests 1.05, Oil pushes higher.

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US Dollar (USD) Uptrend Continues - Beware of Upcoming PMI, Jobs Data

The US dollar is pushing higher on continued investor appetite but data out later today in the US may dampen hunger for the greenback.

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EUR/USD Drops as Eurozone PMI Crash Signals Severe Recession

Flash Eurozone PMI signals severe recession in the Euro Area, eyes on EU summit for fiscal response.

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British Pound (GBP) Latest: GBP/USD Near-Term Outlook Worsens

The prospects for Sterling have deteriorated after news of a huge sale of UK government bonds, and economic data showing higher than expected UK government borrowing.

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Euro Volatility Likely on EU Leaders Summit, Markit PMI Data

The Euro may experience higher-than-usual volatility ahead of the release of preliminary Markit PMI data for April against the backdrop of a critical EU leaders summit.

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Gold Prices Slip as Risk Appetite Revives, Oil Prices Head Up Again

Gold prices saw some profit-booking on their latest strong gains but the $1700 level looks solid. Crude oil prices continued to climb as more production cuts seem likely.

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Yuan, SGD, IDR, MYR, PHP: China-ASEAN FX Price Trends Since 2008

How might the Chinese Yuan trade against ASEAN FX such as the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using data since the 2008 financial crisis?

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Silver, Palladium Outlook Bearish as Prices Cross Key Threshold

Palladium and silver prices may face heightened liquidation pressure after both precious metals crossed key technical thresholds. What’s ahead for XPD/USD and XAG/USD?

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AUD/USD Threatens Ascending Channel Formation Following RBA Minutes

AUD/USD threatens the upward trending channel from March, with the RSI highlighting a similar dynamic as the oscillator snaps the bullish formation from last month.

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Euro Fell, US Dollar May Rise if Asia Stocks Look Past Wall Street

The Euro sank ahead of today’s EU Summit giving the US Dollar a window of opportunity to trim losses despite gains on Wall Street. S&P 500 futures hint APAC stocks may struggle rising.

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ASX 200 & AUD/USD Forecast: Risk Appetite Essential for Continuation

The Australian Dollar and ASX 200 have bled lower this week as risk appetite took a backseat to apprehensiveness alongside a historic decline in growth-sensitive crude oil.

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US Dollar Two-Week-High, EUR/USD Support Test - FOMC, ECB Next Week

Currency markets have shown some element of calm after an outsized rush of volatility in March. The FOMC and the ECB are on the docket for next week: Will that calm continue?

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USD/CAD Forecast: Canadian Dollar Recovers with Crude Oil Price

USD/CAD slides hard after a rejection at the 1.4200 price level. The Canadian Dollar rebounds as negative crude oil prices turn positive, but the move could quickly reverse if coronavirus concerns ...

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EURGBP Price Outlook - Short-Term Trading Range Forming

This week’s pick-up in EUR/GBP has ground to a halt and the pair are giving back some of their recent gains. Short-term levels of support and resistance remain in place.

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EUR/CHF Outlook: Huge SNB Currency Intervention Slows, Breakout Ahead?

EUR/CHF remains dormant amidst the Coronavirus led recession. However, less SNB intervention may signal a breakout.

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US Dollar May Resume Rise as Covid-19 Darkens Earnings Outlook

The US Dollar is on the defensive as sentiment improves across global financial markets. Incoming corporate earnings reports may sour the mood and revive the currency’s fortunes.

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British Pound (GBP) Latest: Outlook Improves For GBP/USD Despite Oil Crash

The near-term outlook for GBP/USD has improved as risk assets stabilize despite further losses for crude oil prices.

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Crude Oil Prices Slammed Again on Supply Glut, Coronavirus Worries

The weakness seen in near-month crude oil futures contracts has migrated further into the calendar as investors fret likely demand levels in a locked-down world

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Gold Price Levels to Watch amid Correction from 2020 High

The price of bullion may continue to pullback from the yearly high ($1748) as it extends the series of lower highs and lows carried over from the previous week.

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Dow Jones, DAX 30, FTSE 100 Forecast: Long Bets a Sign of Caution?

Rising net long bets in global equities such as the Dow Jones, DAX 30 and FTSE 100 may signal what could be a pessimistic shift in sentiment in the near term.

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Hong Kong Dollar Curbed By HKMA as Covid-19 Measures Weaken USD

The Hong Kong Dollar has been a beneficiary of lower US interest rates. The gains have been apparently too much for the HKMA, which has taken action to weaken to weaken the currency.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and opens the door to violent volatility – and trading opportunities.

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NZD/USD Eyes Monthly Low as RBNZ Mulls More Stimulus for May Meeting

NZD/USD eyes the monthly low (0.5843) as the Reserve Bank of New Zealand (RBNZ) endorses a dovish forward guidance for its next meeting on May 13.

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US Dollar May Rise With Yen, Wall Street Follows Crude Oil Drop

The US Dollar gained alongside the Japanese Yen and may continue doing so after taking out resistance. Wall Street suffered as equities followed the collapse in crude oil prices.

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Nasdaq 100 Price Outlook: Netflix Earnings Shatter Expectations

The highly anticipated earnings report from Netflix did not disappoint as the streaming-provider shattered market expectations at a time when the Nasdaq 100 looks vulnerable.

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Dow, S&P 500 Bears Re-Emerge: Is Another Major Sell-Off On the Way?

It's been almost a month since the lows were set but bears have made a stark reappearance this week.

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Australian Dollar Price Outlook: Aussie Correction Underway- Levels

Australian Dollar is off more than 2.5% from the April high with Aussie now approaching uptrend support. Here are the levels that matter on the AUD/USD technical charts.

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Nasdaq 100 Forecast: Will Netflix Earnings Live Up To Expectations?

Coronavirus containment procedures have battered corporate profits and outlooks alike, but not all stocks are expected to suffer at the hands of the virus. Will Netflix’s results live up to the hype?

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Market Sentiment Hit by US Crude Oil Price Crash | Webinar

Trader confidence has been damaged by the crash in US crude oil prices, prompting a move out of riskier assets and into safe havens, but the impact has been less than might have been expected.

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EUR/USD, USD/JPY & More: Chart Set-ups, Technical Outlook

The Euro is coiling up against Dollar on a major long-term trend-line, while the calm in USD/JPY looks set up to turn towards another short-term move soon, key support to watch.

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Gold Price Remains Volatile as Risk Assets Begin to Crumble

Gold remains under pressure despite the current risk-off theme, as wild price action in the oil complex casts a dark shadow over risk assets.

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Negative Crude Oil Prices Amid Historic Capitulation: Cross Asset Correlation

Historic collapse the oil complex as front-month contract goes negative. Storage concerns to weigh on June contract.

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EUR/USD Remains Fragile After Mixed German ZEW Data

The latest German ZEW data paints a mixed picture, leaving Euro traders none the wiser ahead of the closely watched PMI data released on Thursday.

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British Pound (GBP) Latest: GBP/USD Outlook Poor on Demand For Havens

GBP/USD is in danger of easing further on demand for safe havens following the plunge in crude oil. The latest UK jobs data have been shrugged off and this week’s Brexit talks are unlikely to affec...

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EUR/USD May Fall if German ZEW Data Triggers Euro Selloff

The Euro may fall vs the US Dollar if German ZEW data amplifies risk aversion in virus-shaken markets as European investors worry about the outlook for the Eurozone.

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Gold Prices Slip Back As Oil Rout Strengthens USD's Haven Bid Instead

Gold prices retreated despite wilting risk appetite caused by oil’s sensational collapse. The US Dollar has been investors’ lifeboat of choice throughout the coronavirus disruption period.

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USD/CAD Rate Breakout Brings Monthly High on Radar

The monthly high (1.4298) is on the radar for USD/CAD as the exchange rate breaks out of the downward trending channel carried over from March.

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Euro Trembles Ahead of EU Leaders Summit as Regional Recession Looms

The Euro may face heightened selling pressure if signs of unity are lacking during the EU leaders summit as the region prepares for what could be the worst recession in the union’s history.

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Australian Dollar Steady As RBA Minutes Show Bank Content To Wait

The Australian Dollar didn’t have far to move on a set of policy meeting minutes which flagged up stimulus already undertaken rather than necessarily pointing to more ahead.

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EUR/USD Rate Tracks Monthly Range Even as ECB Warns of 20% Contraction

EUR/USD may carve a more defined range even though the ECB warns of a 20% contraction amid the failed attempt to test the monthly high (1.1039).

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US Dollar & VIX Index Climb, Stock Market Rally at Wits End?

The US Dollar and VIX Index pop as the bear market rally comes under pressure amid negative crude oil prices, pessimistic equity earnings and dreadful economic data readings.

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Nasdaq 100 Forecast: Will Netflix Earnings Live Up To Expectations?

Coronavirus containment procedures have battered corporate profits and outlooks alike, but not all stocks are expected to suffer at the hands of the virus. Will Netflix’s results live up to the hype?

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US Crude Oil Collapses to Negative -$37 Per Barrel - Why and What Does it Mean?

The standard bearer US-based WTI crude contract collapsed Monday with the ‘active nearby’ eventually settling at an astounding -$37.63 (yes negative). There are some important caveats here, but the...

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Canadian Dollar Price Outlook: USD/CAD Bounces as Oil Prices Smashed

USD/CAD has held support above 1.4000, with the pair catching a bid today as oil prices were hit incredibly hard.

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Crude Oil Carnage as WTI Pushes Below $1/brl

It was a brutal open to the week as WTI crude oil prices pushed below $1/brl. Yes, that's less than One US Dollar per barrel.

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DAX 30 Price Outlook: Overhead Resistance Looms as Index Melts Higher

The DAX 30 appears to have slipped into a trading range in April, bouncing between two nearby technical barriers. Here are the levels to watch.

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USD/MXN Price Primed for Uptrend Continuation Amid Oil Rout

The US Dollar to Mexican Peso looks set to continue its surge as crude oil crashes. USD/MXN price action has skyrocketed 30% since mid-February, but is down about 7% from its year-to-date high.

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Euro Forecast: More Weakness Due in EUR/USD and EUR/JPY Rates?

Although Euro losses have slowed over the past few weeks, the context of the recent consolidations offers little reassurance for bulls.

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EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook - UK Webinar

Sterling (GBP) is coming under pressure as Brexit trade talks reopen, while data this week may push the British Pound lower.

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Dow Jones, US Dollar, Crude Oil, Earnings, Euro, EU Summit: Week Ahead

The Dow Jones and S&P 500 treaded higher but selling pressure in the haven-linked US Dollar slowed. Why was crude oil unable to follow sentiment? Earnings season continues with tech and manufacturi...

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Crude Oil Volatility Surge Ahead of Expiration - US Market Open

The drop in oil prices has been grabbing the headlines with WTI trading below $12/bbl. However, June contract trades at $22/bbl

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British Pound (GBP) Latest: Brexit Talks May Weigh on GBP/USD and FTSE 100 Prices

Brexit is back in the spotlight this week as the UK and the EU resume trade talks. The UK has already said that it will not extend the transition period if asked.

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Euro May Follow NZ Dollar Higher as Germany Eases Lockdown

The Euro may follow the New Zealand Dollar higher as its home country its home country is joined by Germany in starting to ease coronavirus lockdown rules.

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Crude Oil Slides As Markets Fret Covid Demand Hit, Full Storage Tanks

Crude oil prices came under yet more pressure despite heavy production cuts as the world remains awash with cheap energy that has no obvious end user.

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Gold Price Carves Lower Highs and Lows Amid Plans to Reopen US Economy

The price for gold may face a larger pullback over the coming days as it carves a series of lower highs and lows following plans to reopen the US economy.

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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

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US Dollar Fundamental Outlook: SGD, IDR, MYR, PHP Focus on Earnings

The US Dollar may rise against ASEAN FX such as the Singapore Dollar, Malaysian Ringgit and Philippine Peso as earnings season may broadly underwhelm after a dismal week for banks.

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AUD/USD Rate Retains Ascending Channel Formation Ahead of RBA Minutes

The Reserve Bank of Australia (RBA) Minutes may spark a bullish reaction in AUD/USD if the central bank tames speculation for additional monetary support.

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Oil Price Collapse Claims Scalp as Major Trader Files for Bankruptcy

Investors hardly needed anything else to worry about in the Asia Pacific region but news that Singapore’s biggest oil company has filed for bankruptcy protection has added to their woes.

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Canadian Dollar Sinks as Crude Oil Prices and Stocks Drop

The Canadian Dollar sank as crude oil prices fell with stocks while the US Dollar rose. Markets may be anxious before key corporate earnings reports amid the Covid-19 outbreak.

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New Zealand Dollar Gained with Dow Jones, Traders Await Earnings

The New Zealand Dollar soared with the Dow Jones Friday as markets continued betting on the US economy reopening. Follow-through may be difficult as traders nervously eye earnings.

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Dow Jones, US Dollar, Crude Oil, Earnings, Euro, EU Summit: Week Ahead

The Dow Jones and S&P 500 treaded higher but selling pressure in the haven-linked US Dollar slowed. Why was crude oil unable to follow sentiment? Earnings season continues with tech and manufacturi...

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Dow Jones, Nasdaq 100, FTSE 100 Forecasts Amid Earnings Season

Earnings season began last week as some of the largest US banks reported a wide range of quarterly results and forecasts that cast concern over the rest of the season.

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USD/MXN Outlook: Mexican President Fails to Secure Exchange Funding to Aid the Economy

The Mexican Peso sees renewed volatility due to risk-off sentiment and debt downgrades due to the economic impact of Covid-19.

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Euro Forecast: Outlook for EUR/USD Turning Increasingly Bearish

Global financial markets are at a critical point. Will the next move be up as the coronavirus pandemic peaks or down on fears of a deep recession? With the latter all but certain, more Euro weaknes...

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Gold Fundamental Outlook Hinges on Shifts in Trader Sentiment

The price of gold extends the pull back from the yearly high ($1748) as President Donald Trump unveils fresh guidelines in opening up the US economy.

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US Dollar Forecast: Fed, Coronavirus Guidelines & Earnings Eyed

The US Dollar moved modestly higher as improving market sentiment seemingly lost momentum. Where might the USD head next as traders weigh Fed policy, coronavirus updates, and earnings?

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Canadian Dollar Outlook Bearish on Growth Outlook, US PMI Data

The petroleum-linked Canadian Dollar may fall as global demand for cycle-sensitive commodities like crude oil decline. Policymakers have warned that a Depression-like downturn may be ahead.

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Australian Dollar Bulls May Tire If Coronavirus Headlines Don't Improve

The Australian Dollar has risen sharply and perhaps counterintuitively in April as markets pin their hopes on turbo-charged stimulus to fight the contagion’s economic effects.

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AUD/USD & ASX 200 Price Outlook: Aussie Leads Recovery but Stocks Lag

The Australian Dollar has rebounded significantly from its March lows and is among the frontrunners in risk assets in recent weeks. Still, Australian stocks have lagged their major counterparts.

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US Dollar & VIX Supported; Stock Market Rally at Wits End?

The strong US Dollar and still-elevated VIX Index suggest that the ongoing bear market rally may soon unwind as pessimistic earnings reports trickle in and dreadful economic data readings mount.

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US Dollar Dips to Find Support, NZD/USD Surges - US Market Open

Equity markets are firmly in the green, despite weak Chinese economic GDP. US Dollar Dips.

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EUR/USD, USD Index & More – Charts for Next Week

The Euro is finding little lift off a major long-term trend-line, could break soon; DXY will get a lift if it does break.

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GBP/NZD Price Outlook: Two Steps Forward, One Step Back

The longer-term upward trend in GBP/NZD remains with a series of higher lows in place. The pair have failed to break 2.1040 but may well be setting up for a fresh attempt.

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DAX, Euro Stoxx 50 Outlook: Coronavirus Vaccine Hopes Risk Being Faded

Equity markets soar on positive drug results. However, beware of fading optimism as DAX and Euro Stoxx 50 eye key levels.

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British Pound (GBP) Latest: GBP/USD Sell-Off Eyes Support, FTSE Buoyed By Drug Hopes

Overnight news that US drug company Gilead’s antiviral remdesivir had shown promising signs treating patients with coronavirus is pushing risk markets higher at the open.

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Euro Outlook Gloomy as Covid-19 Amplifies Political Tension

EUR/USD may suffer as the coronavirus amplifies inter-regional tension, potentially putting the politically-sensitive Euro at risk of heightened liquidation pressure.

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Crude Oil Prices Rise on Hopes US to Emerge From Covid Lockdowns

Crude oil prices found solace in hopes for a US reopening, and in a broad risk appetite revival. This year’s demand looks set to take a massive hit, however.

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Yuan, SGD, IDR, MYR, PHP: China-ASEAN FX Price Trends Since 2008

How might the Chinese Yuan trade against ASEAN FX such as the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using data since the 2008 financial crisis?

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Australian Dollar Struggles As China GDP Falls More Than Expected

The Australian Dollar slipped very modestly after Chinese growth data came in below market forecasts, although industrial production fell by far less than had been expected

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NZ Dollar Outlook Mired by Failed Attempt to Test Former Support Zone

NZD/USD may exhibit a more bearish behavior following the failed attempt to test the former support zone around 0.6170 (50% expansion) to 0.6230 (38.2% expansion).

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US Dollar Sinks, Dow Jones Up on Virus Drug Trial, Trump Reopen Plan

The US Dollar and Japanese Yen are falling as Dow Jones and S&P 500 futures rally on reports of Gilead’s virus drug trial and Donald Trump’s economy reopening guidelines.

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US Dollar & VIX Index Climb, Stock Market Rally at Wits End?

The bear market rally is coming under pressure as pessimistic earnings reports trickle in and dreadful economic data readings mount, which is bolstering the US Dollar and VIX Index.

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AUD/USD & ASX 200 Price Outlook: Aussie Leads Recovery but Stocks Lag

The Australian Dollar has rebounded significantly from its March lows and is among the frontrunners in risk assets in recent weeks. Still, Australian stocks have lagged their major counterparts.

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Gold Price Outlook: XAUUSD Goes into ST Range After Seven Year Highs

Gold prices jumped by as much as 20% from the March lows up to the Tuesday high.

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Canadian Dollar Price Outlook: USD/CAD Breakout Under Review

Canadian Dollar is down more than 1% vs US Dollar with the USD/CAD breakout now eyeing initial resistance. Here are the trade levels that matter on the technical charts.

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US Dollar Forecast: Volatility? Yes; Direction? Unclear - Key Levels for DXY Index

The US Dollar (via the DXY Index) has been trading in an ever-tightening range, with implications for pairs like EUR/USD and USD/JPY.

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US Initial Jobless Claims Continue at Historic Levels, USD Gyrates

US Initial Jobless Claims Continue near Historic Levels, USD Ticks HigherMeta: US Initial jobless claims crossed the wires at 5245k Thursday morning, slightly better than expectations for 5500k, bu...

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AUD/USD, GBP/USD More Influenced by Equities: Cross Asset Correlation

Risk assets increasingly dominant in dictating currency markets. Turnaround sees Australian Dollar top out.

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US Dollar (DXY) Probing Higher Ahead of US Initial Jobless Claims Release

The US dollar is back in favor with risk-averse investors and the greenback may get another boost from the latest look at the US labor market.

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FTSE 100 Eyes Support, BoE Shows Drop in Credit Conditions

Coronavirus crisis expected to weigh on mortgage and credit card lending. FTSE 100 eyes support.

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British Pound (GBP) Latest: GBP/USD Uptrend Persists Despite Dire US Data

GBP/USD continues to consolidate close to its recent highs but its uptrend remains in place despite some USD strength on safe-haven buying after very weak US economic data.

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Japanese Yen May Rise if US Jobless Claims Spoils Risk Appetite

The Japanese Yen may rise if US jobless claims data continues to climb as the coronavirus wreaks havoc on the world’s largest consumer-driven economy and new epicenter of covid-19.

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Gold Prices Return Virus-Inspired Gains As US Dollar Strength Caps

Gold prices started the session a little higher on increased fears about the economic impact of Covid-19, but they failed to hold those highs despite generally poor risk appetite.

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USD/CAD Levels to Watch Following New BoC Bond Purchase Programs

USD/CAD may continue to retrace the decline from the yearly high (1.4667) as it breaks out of the

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Australian Dollar Up As Jobs Rise Unexpectedly. Survey May Miss Virus Impact

The Australian Dollar got a boost on news of surprise job creation when a big employment fall had been expected. However the official survey period may miss the full March impact of coronavirus.

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US Dollar Outlook vs Emerging Market Currencies: USD/MXN, USD/KRW, USD/ZAR

The US Dollar may rise versus the Mexican Peso, South Korean Won and South African Rand as all three pairs flirt with trend-defining technical levels.

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Copper Prices May Bounce Back on China GDP After Virus-Induced Selloff

Copper prices continue to face pressure amid the coronavirus pandemic, but a recovery appears likely, should the recent IMF projection calling for a sharp economic recovery in China come to pass

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Gold Price Pullback in Focus as RSI Flops Ahead of Overbought Zone

The price of gold may consolidate over the coming days as the Relative Strength Index (RSI) reverses course ahead of overbought territory.

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Mexican Peso Price Drops on Fitch Downgrade, Australian Dollar at Risk

The Mexican Peso sank as Fitch downgraded Mexico’s credit rating, USD/MXN rose towards resistance. The Australian Dollar may fall with stocks. also facing a local jobs report.

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S&P 500 Sinks on Earnings as Oil Price Flops, US Dollar Jumps

The S&P 500 Index takes a spill as coronavirus-battered earnings and plunging oil prices spook investors, but the US Dollar climbs higher owing to the return of risk aversion and safe-haven flows.

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DAX 30 Price Outlook: Index Bleeds Lower but Remains Above Support

The DAX 30 fell on Wednesday as risk appetite waned and earlier gains were forfeited. Now the index is nearing support that has helped to keep price afloat before. What next?

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BOC Rate Decision: What Does it Mean for USD/CAD?

This morning brought the BOC rate decision to the tune of 0.25% vs the expectation of 0.25%.

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Dow Jones, DAX 30, Oil Technical Outlook & More

The U.S. market recovery continues with guides to watch, same with the DAX, oil on the other hand is weak but could use some time for clarity.

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EUR/USD Price Outlook: Recent Pullback Looks Unconvincing

The latest EUR/USD pullback off its April low is coming under increasing pressure as the medium-term moving average proves difficult to overcome.

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Mexican Peso Latest: USD/MXN Price Soars, Recent Highs Maybe Under Threat

The USD/MXN price broke over 2% higher in early turnover as risk-adverse investors sought the safety of the US dollar once again. Recent high prints in the pair may now come under pressure.

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S&P 500 Outlook: Peak in VIX Does Not Mean Equity Market Bottom

S&P 500 dismisses ominous IMF report. However, risk barometer fails to confirm market rebound leaving index vulnerable.

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British Pound (GBP) Latest: GBP/USD Price Topping Out

The strong rally in GBP/USD, in place since late March, looks to be running out of steam as the US Dollar stabilizes following its recent losses.

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US Dollar May Rise on Retail Sales Data After IMF Warning

The haven-linked US Dollar may rise if retail sales data out of the world’s largest economy unnerves investors after the IMF’s chilling message.

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Crude Oil Prices Pare Gains As Coronavirus Recession Fears Bite

The oil markets have seen huge production cuts agreed this week but even they can’t support a market in which demand is under such threat.

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EUR/USD Rate Recovery Brings Monthly High on Radar

EUR/USD has reversed course following the failed attempt to test the 2020 low (1.0636), with the monthly high (1.1039) now on the radar.

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Dow Jones, DAX 30, CAC 40 Outlook: Short Bets May Keep Prices Lifted

Rising short exposure may have contributed to recent gains in global equities such as the Dow Jones, DAX 30 and CAC 40. If this trend persists, prices could remain lifted.

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Stock Markets Rise Even As Coronavirus Remains Unconquered. Why?

Many stock markets have staged impressive comebacks since the end of March despite there being no obvious good news to cheer.

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AUD/USD Rate Correction to Face Australia Employment Report

Fresh developments coming out of Australia may rattle the recent correction in AUD/USD as the economy is expected to shed 30.0K jobs in March.

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British Pound Gains, US Dollar Sinks Despite IMF and Bank Warnings

The British Pound rose as the US Dollar sank, extending the GBP/USD uptrend towards key resistance. Wall Street climbed as investors brushed aside warnings from the IMF and US banks.

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S&P 500 Finishes Higher as Bank Earnings Underwhelm Start to Earnings Season

The S&P 500 Index finished over 3 percent higher Tuesday after JP Morgan and Wells Fargo reported weak earnings and massive reserve builds as they anticipate weak economic conditions in the months ...

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Oil Forecast: OPEC+ Deal Dwarfed by Crude Oil Demand Woes

Crude oil price action is flirting with a breakdown below $20.00 again even though OPEC and its allies just inked a monumental supply cut deal. Will oil continue to fall as demand woes linger?

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Dow Jones Lifts Despite Grim IMF Economic Outlook for 2020

The Dow Jones Index opened higher this morning despite a grim economic outlook report from the IMF showing a recession likely worse than the 2008 fiscal crisis

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US Recession Watch, April 2020 - Recession Odds Artificially Low

The NY Fed Recession Probability indicator only indicates an 18% chance of a recession within the next year. That seems low.

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GBP/JPY, AUD/JPY, CAD/JPY – Japanese Yen Trading Outlook

The Japanese Yen could soon be on the move versus several currencies as extended moves and shallow ranges collide.

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EUR/GBP Price Slide Continues as Support Level Cracks

The month-long sell-off in EUR/GBP continues with bullish signals hard to find. The path of least resistance continues to suggest lower prices ahead.

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Gold Prices Soar to Multi-Year Highs; Potential Drivers For The Next Leg Higher

Gold made a fresh seven-year high today, opening above the $1,703/oz. prior multi-year high. US Q1 earnings start today, and coupled with another dire jobs release expected on Thursday, may see the...

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British Pound (GBP) Latest: GBP/USD Outlook Brighter, Sentiment Improves

Better than expected Chinese trade data have boosted ‘risk-on’ currencies including the British Pound, the Australian Dollar and the New Zealand Dollar.

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Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

The Euro and DAX may fall if the IMF’s economic and financial assessment against the backdrop of the coronavirus inspires a selloff.

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Gold Prices Hit 7-Year Top on Corvid Worries Despite China Trade Beats

Gold prices retained a strong bid as investors fretted the clear and growing economic impact of the contagion. Chinese trade numbers were better than expected but they didn’t lift the mood.

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NZD/USD Rate Forecast: Former Support Zone on the Radar

NZD/USD faces a key test as the exchange rate comes up against the former support zone around 0.6170 (50% expansion) to 0.6230 (38.2% expansion).

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US Dollar Forecast: SGD, IDR, MYR, PHP Eye Earnings Season, China GDP

The US Dollar fell against the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. All eyes are on earnings season, China GDP and the Bank of Indonesia ahead.

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Gold Price Rally to Persist If RSI Pushes Into Overbought Territory

The price of gold may extend the advance from earlier this month if the Relative Strength Index (RSI) pushes into overbought territory.

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Australian Dollar Outlook Eyes Chart Setup, Crude Oil Looks Past OPEC

The Australian Dollar may rise ahead but AUD/USD trades within a bearish chart pattern. Crude oil prices struggled despite historical OPEC+ output cuts. Japanese Yen at risk ahead.

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US Dollar Eyes Coronavirus Impact on S&P 500 Earnings Season

US Dollar edges lower to start the trading week, but with S&P 500 earnings due, will coronavirus concerns resurface and prompt another cash crush that sends USD price action ripping higher?

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Dollar vs Mexican Peso Price Outlook: USD/MXN Breakout High in Place?

An outside-weekly reversal in the Dollar last week threatens a larger Peso recovery this month. Here are the levels that matter on the USD/MXN weekly technical chart.

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US Dollar, Wall Street, Australian Dollar, China GDP, IMF: Week Ahead

The US Dollar sank and the Australian Dollar rose as the S&P 500 delivered its best week since 1974. More will be revealed about the economic fallout of the coronavirus with earnings season and the...

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Weekly US Dollar Forecast: Unpleasant Week Ahead as Stimulus Arrives

The destruction the coronavirus pandemic continues to lay to the US economy will make itself apparent in the coming days.

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US Dollar Scarcity May Endure Despite Fed's Bold Coronavirus Response

The US Dollar suddenly seems scarce amid the coronavirus outbreak. That threatens short-term financing underpinning global supply chains, despite the Fed’s epic efforts.

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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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Euro May Fall if Macron Extends France's Virus Lockdown

The Euro may weaken versus the US Dollar if French President Emmanuel Macron announces an extended virus lockdown. Will other EU states echo his policy measure?

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How Do Politics and Central Banks Impact FX Markets?

Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

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Crude Oil Prices Rise On OPEC Plus Production Cuts, $30 Still Caps

Crude oil prices have certainly gained on news of the biggest production cut yet proposed, but the coronavirus will keep question marks over demand.

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US Dollar Outlook vs SGD, IDR, MYR Hinges on Foreign Exchange Reserves

The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?

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AUD and NZD Down, JPY Up as Markets Eye Coronavirus Earnings Hit

The Australian and New Zealand Dollars fell while the Japanese Yen rose as a new week started with corporate earnings in worried focus and coronavirus still dominating the news cycle.

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Japanese Yen Outlook Bright on IMF World Outlook, Covid-19 Risks

The Japanese Yen may rise if the IMF’s report on the virus-hit global economy sours risk appetite, and the precarious state of credit markets could amplify JPY’s gains.

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Gold Prices May Stay High as 2008 Crisis Cure Bedevils Covid-19 Policy

Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the coronavirus outbreak.

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Canadian Dollar Forecast: USD/CAD Primed for Reversal with Oil

The Canadian Dollar and USD/CAD price action could be due for a reversal as crude oil drops despite an OPEC+ deal and coronavirus recession risk lingers ahead of the Bank of Canada meeting.

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US Dollar, Wall Street, Australian Dollar, China GDP, IMF: Week Ahead

The US Dollar sank and the Australian Dollar rose as the S&P 500 delivered its best week since 1974. More will be revealed about the economic fallout of the coronavirus with earnings season and the...

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Dow Jones and FTSE 100 Forecasts for the Week Ahead

Dow Jones risk rally at risk of fading. Eyes on Chinese GDP with sharp deceleration expected.

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Mexican Peso Outlook Bearish as Virus-Led Recession Risks Swell

The Mexican Peso may face aggressive selling pressure ahead of key US employment data, growing coronavirus cases and the IMF’s outlook on financial stability and the global economy.

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Canadian Dollar Forecast: USD/CAD Primed for Reversal with Oil

The Canadian Dollar and USD/CAD price action could be due for a reversal as crude oil drops despite an OPEC+ deal and coronavirus recession risk lingers ahead of the Bank of Canada meeting.

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Euro Forecast: EUR/USD Outlook Worsens as Aid Talks Accentuate Divisions

Last week’s squabbling between Eurozone finance ministers on how best to mitigate the economic impact of the coronavirus pandemic has weakened the long-term outlook for the Euro.

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Gold Price Rebound May Fizzle on Coronavirus Economic Impact

Gold prices managed a spirited recovery from 2020 lows as the Fed leaned in to keep shaky credit markets from triggering a credit crisis. That may not keep liquidation pressure at bay.

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Australian Dollar Looks Nervously Towards Official Jobless Count

The Australian Dollar has picked up strongly from its March lows but may not be able to maintain altitude this week.

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Gold Prices May Reverse, US Dollar Sinks as Fed Juices Wall Street

Gold prices soared but XAU/USD is at risk to a reversal. The US Dollar sank as Fed stimulus offset ever-dismal economic data. Crude oil prices looked past OPEC+ cuts before Asia trade.

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Oil Forecast: OPEC+ Deal Dwarfed by Crude Oil Demand Woes

Crude oil price action just took a massive 20% spill from intraday highs. Commodity traders raced to hit the sell button considering the drop in global oil demand will likely trump the latest OPEC+...

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Euro at Risk as North-South Political Rift Threatens Financial Stability

The Euro could face another round of aggressive selling pressure as regional policymakers continue to bicker on a unified approach to combating the coronavirus.

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Canadian Dollar Price Outlook: Loonie Drop, USD/CAD Pop to 1.40 Test

USD/CAD has been on an aggressive ride of late, recently building into a descending triangle pattern, that may point to a deeper pullback.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.

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How Do Politics and Central Banks Impact FX Markets?

Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

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Dow Jones Soars, US Dollar Drops as Fed Announces Huge Loan Program

Federal Reserve provide a credit backdrop with a huge $2.3 trillion loan program. US Dollar drops.

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Canadian Employment: 1010.7k Jobs lost in March – in Line with Recent Themes

This morning brought the release of net change in employment out of Canada to the tune of -1010.7k vs the expectation of -500k.

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Bitcoin (BTC) Price: Rally Supported But Quickly Running Out of Steam

Bitcoin continues to edge higher but the daily chart shows the advance slowing. The supportive uptrend from mid-March may come under renewed pressure.

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Currencies Most Impacted From Oil Prices Ahead of Crucial OPEC Meeting: Cross Asset Correlation

All eyes on OPEC meeting as oil prices soar. Volatility expected to pick up for commodity-linked currencies.

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EUR/GBP Price Nears Short-Term Support, Fractious Eurozone Negotiations Continue

With no agreement reached yet by the Eurozone on their latest coronavirus rescue plan, EUR/GBP may look to re-test a cluster of support levels.

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British Pound (GBP) Latest: GBP/USD Edges Back to 1.24, EUR/GBP Stable

Sterling has moved back to 1.24 US Dollars in early European business Thursday as the BoE agrees to finance UK Government spending temporarily and Boris Johnson’s health improves.

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US Dollar, Crude Oil May Rise on OPEC Meeting, Sentiment Data

The US Dollar may rise if sentiment data for April falls short of forecasts and pushes the highly-liquid Greenback higher. Reconciliation within OPEC could buoy crude oil prices.

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Gold Prices Up As Fateful Weekly US Jobless Claims Figure Looms

Gold prices found support in the wait for US employment data which hasbeen soaring for the past two weeks as coronavirus stifles the labor market.

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EUR/USD Susceptible to Range Bound Conditions Through Easter Holiday

EUR/USD may face range bound conditions through the Easter holiday as the exchange rate fails to extend the series of lower highs and lows from the previous week.

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Australian Dollar Slides as RBA Financial Review Flags Increased Risks

The Australian Dollar was already under pressure but wilted further as the RBA's financial review was forthright about likely coronavirus effects.

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USD/CAD Negates Pennant Formation Ahead of Canada Employment Report

USD/CAD may face range bound conditions going into the Easter holiday as the exchange rate fails to track the pennant formation carried over from the previous month.

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Yen Falls as Wall Street and Crude Oil Prices Gain, AUD/USD May Rise

The Japanese Yen and US Dollar sank as Wall Street and crude oil prices gained ahead of the OPEC+ meeting. A rosy Asia Pacific trading session may bode well for the Australian Dollar.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.

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3 Things to Know When Trading Earnings Announcements

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

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US Recession Watch, April 2020 - Recession Odds Artificially Low

The NY Fed Recession Probability indicator only indicates an 18% chance of a recession within the next year. That seems low.

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Dow Jones, Oil, Gold Technical Outlook & More

Stocks have come back but look at risk of weakness now, oil is still trying to figure itself out, while gold continues to be difficult but bullish-looking nevertheless.

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S&P 500, Russell 2000 Outlook: Approaching an Inflection Point

Bear market rally leaves S&P 500 vulnerable to renewed selling. Russell 2000 upside curbed at crucial level.

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Gold Price Forecast: Is Gold Setting Up For The Next Leg Higher?

Gold is back off yesterday’s one-month high, but the daily chart suggests that the precious metal may well be looking at another attempt at $1,700/oz+.

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British Pound (GBP) Latest: Volatility Tumbles as GBP/USD Stabilizes

As GBP/USD continues to trade close to the 1.23 level near-term, despite the hospitalization of UK Prime Minister Boris Johnson, volatility in the British Pound continues to drop.

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US Dollar May Rise on FOMC Minutes, Coronavirus Risks

The US Dollar may rise if the release of the FOMC minutes spark risk aversion and boost demand for haven-linked assets amid the coronavirus pandemic.

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US Dollar Up As EU Ministers Fail to Agree Corvid-19 Response

Another long meeting of Eurozone finance ministers has broken up without agreement on the way ahead even as the Eurozone economy buckles in the face of contagion.

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Crude Oil Prices Rise As Markets Hope For OPEC, Russia Cuts

The crude oil market remains pretty sure that reduced production and price wars’ end is on the way. That will still leave demand shattered by the coronavirus, of course.

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Post-RBA AUD/USD Rebound Stalls as S&P Cuts Rating Outlook to Negative

The recent rebound in AUD/USD appears to have stalled as Standard and Poor’s cuts Australia’s credit rating outlook to ‘negative’ from ‘stable.’

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Dow Jones, DAX 30, CAC 40 Forecast: How Can Short Bets Drive Trends?

Dow Jones, DAX 40 and CAC 40 short exposure has been rising alongside their recent ascent. What can this mean for the outlook in global stock markets?

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Gold Prices May Stay High as 2008 Crisis Cure Bedevils Covid-19 Policy

Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the coronavirus outbreak.

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NZD/USD Rebound Susceptible to RBNZ Policy Following LSAP Expansion

The recent rebound in NZD/USD may end up being short lived as the Reserve Bank of New Zealand (RBNZ) expands its Large Scale Asset Programme (LSAP).

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US Dollar Outlook in Focus as Virus Deaths Rose, S&P 500 Erased Gap

The US Dollar fell despite the Dow Jones and S&P 500 erasing upside gaps as coronavirus deaths in New York and New Jersey rose the most over a day. Will USD regain lost ground?

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Nikkei 225 & USD/JPY Price Outlook: Gains Contingent on Risk Appetite

USD/JPY and the Nikkei 225 are both reliant on risk appetite to drive gains. Critically, coronavirus cases look to be slowing in the west which may bolster investor sentiment.

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US Dollar Drops with FX Volatility on Coronavirus Optimism

The US Dollar is giving back gains alongside a pullback in FX volatility. The move looks driven by the resurgence of risk appetite as coronavirus fears fade, but have markets turned complacent?

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CAC 40 Forecast: Index Continues Consolidation Beneath Resistance

The CAC 40 suffered yet another pull back from resistance as bulls failed to break the barrier around 4,500. Still, bullish appetite should persist in the weeks ahead.

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Market Sentiment Improves on Fear of Missing Out | Webinar

Trading confidence is returning, with traders dipping their toes into the markets as they show signs of bottoming out. However, a full-scale recovery could yet be days or even weeks away.

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EUR/USD, USD Index & Other Forex Charts

The Euro is trying to hold onto an important long-term line of support, while other pairs are working on providing clarity in direction.

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Currencies Most Impacted From Oil Prices Ahead of Crucial OPEC Meeting: Cross Asset Correlation

All eyes on OPEC meeting as oil prices soar. Volatility expected to pick up for commodity-linked currencies.

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USD/CAD Price Testing Support as Sell-Off Gathers Pace

The bearish sentiment in USD/CAD remains in place and the pair are now testing an important support area ahead of the OPEC+ meeting later this week.

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British Pound (GBP) Latest: Firmer After Tumble on News Johnson in Intensive Care

Sterling is showing underlying strength: recovering after its slide on news that UK Prime Minister Boris Johnson is in intensive care after his coronavirus symptoms worsened Monday.

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Gold Prices Slip From 1-Month Peak on Coronavirus Slowdown Hope

The gold market retains a formidable haven bid but hopes that the contagion can be contained by various remedial measures saw early gains surrendered.

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EUR/USD May Fall on Covid-19 Eurozone Finance Minister Meeting

EUR/USD may break below key support if the meeting between Eurozone finance ministers inspires a liquidation in Euro crosses.

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Australian Dollar Steady As RBA Leaves Rates On Hold At Record Low

The Australian Dollar didn't move far despite a decision by its home central bank to leave rates alone. Futures markets had expected the third reduction since early March.

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EUR/USD Rate Eyes 2020 Low Amid Mixed Views Surrounding OMT

EUR/USD may continue to give back the advance from the yearly low (1.0636) as the exchange rate extends the series of lower highs and lows from the previous week.

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US Dollar Scarcity May Endure Despite Fed's Bold Coronavirus Response

The US Dollar suddenly seems scarce amid the coronavirus outbreak. That threatens short-term financing underpinning global supply chains, despite the Fed’s epic efforts.

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Euro, Crude Oil May Suffer From OPEC & Eurozone Political Rifts

The Euro and crude oil prices will be at the mercy of ongoing OPEC+ and Eurozone negotiations as members from each respective group attempt to reach a consensus on policy.

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AUD/USD Forecast: Wait-and-See RBA to Give Way to Bear Flag Formation

The RBA interest rate decision may do little to alter the near-term outlook for AUD/USD as the central bank is expected to retain the current policy in April.

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US Dollar, Japanese Yen Sink as Dow Jones Soars on Virus Easing Bets

The US Dollar and Japanese Yen fell as coronavirus cases seemed to stabilize in the US and Europe. The Dow Jones and S&P 500 soared. Local policymakers also hinted at more stimulus.

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Dow, S&P 500, Nasdaq 100 Pop to Fresh Three-Week-Highs

It was a brutal outing in March, but a different tone has so far shown in April.

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DAX 30 Price Outlook: Technical Traders Look to Overcome Resistance

The DAX 30 plummeted alongside other equity markets amid the recent stock market crash, with a peak-to-trough move of roughly -40%. Now, a recovery rally is looking to overcome resistance.

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AUD/USD Price Outlook: Virus Optimism Boosts Australian Dollar

Spot AUD/USD price action climbed over 100-pips during Monday’s trading session as risk appetite and the Australian Dollar recover, but will technical resistance thwart the rebound?

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British Pound Drops Abruptly After News Prime Minister Moved to Intensive Care

News broke in the afternoon that United Kingdom’s Prime Minister, Boris Johnson was admitted to the intensive care unit as precautionary measure as his coronavirus symptoms worsened. GBPUSD reacted...

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Dollar vs Mexican Peso Price Outlook: USD/MXN Fails at Key Resistance

Peso has plunged 23% YTD with the USD/MXN breakout taking price into resistance at fresh record highs. Here are the levels that matter on the weekly technical chart.

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Gold Price Ascends as Stimulus Continues, March High Now in Focus

Gold has edged higher to start the week as central banks and governments continue to pump liquidity into the global economy. In turn, the metal’s March highs around $1,704 are within reach.

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Canadian Dollar Forecast: USD/CAD Consolidates, Big Move Ahead?

USD/CAD edges lower after surging more than 5% last month. As the US Dollar breakout takes a breather, can the Canadian Dollar extend its recovery or is USD/CAD price action headed back higher?

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US Dollar Rises, Wall Street Falls. Oil Prices Surges, CAD Gains: Week Ahead

Wall Street edged cautiously lower last week as volatility cooled. The US Dollar soared. Crude oil prices surged in hopes of key output reduction bets, boosting the Canadian Dollar. The onslaught o...

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GBP/USD, EUR/GBP and GBP/CAD Prices and Forecasts - UK Webinar

Sterling (GBP) is pushing higher despite fears over the health of UK PM Boris Johnson who was admitted to hospital on Sunday with ongoing coronavirus symptoms.

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Euro Latest: Eurozone Sentiment Crashes to All-Time Low, EUR/USD Unfazed

Eurozone Sentix Survey crashes to an all-time low as the Eurozone faces a sharp recession. EUR/USD unfazed however.

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British Pound (GBP) Latest: GBP/USD Stable Despite UK PM Fears, FTSE 100 Rallies

GBP/USD has picked up from its earlier lows, weighed on by news that UK PM Boris Johnson was hospitalized on Sunday with ongoing coronavirus symptoms.

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