Markets Week Ahead: AUD, CAD, GBP, Brexit Talks, Dow Jones, USD, NFPs

The Australian Dollar, Canadian Dollar and Euro await the RBA, BoC and ECB respectively. Brexit talks continue, and rising fears of a no-deal could weigh on the British Pound. Will the Dow Jones an...

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

US-China tensions remain, ECB stands ready to expand QE purchases, EU-UK trade talks in focus.

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USD/MXN Outlook: Mexican President Sees Opportunity in Worsening US-China Relationship

López Obrador hopes USMCA will help tighten trade relationships between the US and Mexico

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Gold Prices Face RBA, BoC, ECB, US Jobs Data and Brexit Talks

The medium-term gold outlook still seems favorable as the Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and Brexit...

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US Dollar (USD) Outlook: US-China Tensions Likely to Escalate Further

The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks.

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Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018

The ongoing contraction in US production may keep oil prices afloat in June as crude output falls to its lowest level since October 2018.

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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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US Dollar, Nasdaq, Chinese Yuan React to Trump-China Presser

President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tension. Where is the US Dollar, Nasdaq and Chinese Yuan headed next?

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Upbeat RBA Could Fuel Australian Dollar Strength

The Australian dollar may continue to outperform major counterparts should the Reserve Bank of Australia tame speculation for additional monetary support.

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Euro Breakout or Fake-Out? EUR/USD, EUR/JPY Surge to Fresh Highs

As the prospect of deeper economic integration has shown in Europe, hopes are high for coordination in recovery efforts. But is this a rally or fade for the Euro?

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S&P 500 Price Outlook: VIX Index Sends Bad Omen for Stocks

S&P 500 Index price action slumps into month-end as investors await another potential escalation in US-China tension. Meanwhile, the VIX ‘fear-gauge’ sends an ominous signal and highlights stocks r...

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Canadian Dollar Forecast: Support Breach May Lead to Further Losses

USD/CAD suffered a break beneath support earlier this week which may open the door to further losses in the days ahead.

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Central Bank Watch: Upcoming Rate Decisions for BOC, RBA, & RBNZ

The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. What’s next?

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EUR/USD, DXY & Gold Price – Charts for Next Week

The Dollar is on the verge of confirming a breakdown while gold has a bullish near-term set-up that it is trying to trigger.

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British Pound (GBP) Latest: GBP/USD Under Pressure Ahead of Next Week's EU/UK Trade Talks

The EU/UK trade talk stalemate is starting to weigh on the British Pound and next week’s talks between the two are becoming increasingly important for GBP-traders.

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Crude Oil Prices May Fall on US-China Tension, Trump Speech Eyed

Crude oil prices may fall as risk appetite fizzles across global financial markets amid signs that tension between the US and China is heating up.

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US Dollar Eyes Trump Speech, Beware of Month-End Rebalancing

All eyes on President Trump’s press conference on China as tensions escalate. Beware of month-end rebalancing.

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USD, JPY May Rise as US-China Tension Over Hong Kong Escalates

The anti-risk US Dollar and Japanese Yen may rise as tension between the US and China escalate over a thorny and familiar topic: Hong Kong.

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USD/CAD Rate Snaps April Range Ahead of Canada GDP Report

Canada’s 1Q GDP report may undermine the recent decline in USD/CAD as the update is expected to show the biggest contraction since the data series began in 1961.

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Australian Dollar May Wilt, Markets Await Trump China News Conference

The Australian Dollar may be at risk to a reversal against the US Dollar after Trump announced a news conference on China later today. Until then, financial markets may remain in limbo.

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EUR/USD Forecast: Euro Soars Past 200-DMA on EU Recovery Fund

Euro strength following the proposed €750 billion coronavirus stimulus package propels spot EUR/USD price action to an eight-week high and above its 200-day moving average. Can the Euro keep climbi...

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ASX 200 & Nikkei 225 Forecast: US-China Tensions Threaten Gains

ASX 200 and Nikkei 225 indexes face renewed headwinds from US-China tensions, as COVID-19 and Hong Kong troubles increase risks to global stability

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Canadian Dollar Forecast: Support Breach May Lead to Further Losses

USD/CAD suffered a break beneath support earlier this week which may open the door to further losses in the days ahead.

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AUD/USD Price Outlook: Australian Dollar Risk Reversals Slump

AUD/USD price action edges higher owing to steadfast appetite for risk despite the major threat that building China tension poses to the Australian Dollar and market sentiment, but a reversal may l...

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Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend

Gold prices remain perched near seven-year-highs but long-term overbought readings may hinder short-term bullish continuation.

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Nasdaq 100 Price Outlook: Trading Range Remains Intact, Will it Break?

The Nasdaq 100 has long been the leader of the major US indices and may look to continue its melt higher as long as the ascending channel remains intact. What will create a break?

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Euro Forecast: Key EUR/USD Levels to Watch on Symbolic EU Action

EU recovery fund proposal reduces sovereign risks. Eyes on Bund-BTP spread for Euro signal.

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Equity Markets Look Increasingly Fragile as US-China Tensions Escalate

The Chinese Parliament has just authorized a new security bill for Hong Kong, a move that is expected to draw a rapid response from the US. Will this temper stock market enthusiasm?

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British Pound (GBP) Latest: Brexit Increasingly a Focus for GBP/USD Price

GBP/USD will likely be buffeted increasingly in coming days by renewed talks between the UK and the EU on their post-Brexit relationship.

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USD May Rise on Virus-Hit Q1 GDP Data & Jobless Claims Report

The US Dollar may catch a haven bid if secondary Q1 GDP data and jobless claims statistics rattle markets and puts a premium on anti-risk assets.

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Australian Dollar Analysis vs British Pound & New Zealand Dollar

GBP/AUD is trading within a critical support range just above a three-year uptrend as AUD/NZD retreats from five-year resistance. Is a selling streak ahead for both of these pairs?

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New Zealand Dollar, NZD/USD Eye Uptrend Resumption. Dow Jones Gains

The sentiment-linked New Zealand Dollar is attempting to resume its dominant uptrend, but NZD/USD struggled to capitalize on a turnaround in the Dow Jones today.

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US Dollar Eyes Rising China Tension as Jobless Claims Mount

US Dollar found support during Wednesday's trading session driven by rekindled safe-haven demand after Secretary of State Mike Pompeo declared Hong Kong no longer autonomous from China.

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Nasdaq 100 Price Outlook: Trading Range Remains Intact, Will it Break?

The Nasdaq 100 has long been the leader of the major US indices and may look to continue its melt higher as long as the ascending channel remains intact. What will create a break?

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Dow Rallies as Nasdaq 100 Drops - Swapping Trends or Topping Out?

For the past two months the Nasdaq 100 has handily outperformed the Dow but so far this week the script has flipped.

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S&P 500 Forecast: Break Out or Fake Out?

The S&P 500 broke above 3,000 for the first time since March 6 as risk appetite appears to drive equities higher. Will the bullish breach spark a continuation rally or is this a false break?

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Crude Oil Prices Struggle Despite Market Cheer, Gold Aims Lower

Crude oil prices are struggling to find fuel for a push higher despite buoyant risk appetite across global financial markets. Gold prices may be set to fall below $1700/oz.

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DAX Outlook: EC Proposes Ambitious Recovery Package, DAX Soars

DAX risk rally gains traction as European Commission proposes ambitious recovery fund package

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US Dollar vs Mexican Peso Outlook: USD/MXN Remains Brittle After Sharp Sell-Off

The Mexican Peso hit its highest level against the US dollar in more than 10-weeks yesterday and in doing so tested an important support level.

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EU to Unveil Covid-19 Recovery Fund Plan, Swiss Franc Sinking

The EU Commission will unveil its proposal for a regional recovery fund to counter economic pain amid the coronavirus outbreak. The Swiss Franc faces selling pressure.

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British Pound (GBP) Latest: GBP/USD Price Breakout Imminent

GBP/USD continues to trade within a symmetrical triangle chart pattern but a breakout is close and the need for tight stops has therefore risen.

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Gold Price Forecast: May Low on the Radar Amid Negative RSI Slope

The price of gold may continue to give back the advance from the May low ($1670) as Relative Strength Index (RSI) establishes a negative slope.

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FTSE 100, S&P 500, CAC 40 Forecasts: Analyzing Signals in Positioning

Signals from IG Client Sentiment hint that the FTSE 100 and S&P 500 could have room for weakness ahead as the CAC 40 attempts to climb towards key resistance.

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AUD/USD Rate Faces Key Test as March High Sits on the Radar

The Australian Dollar has outperformed against all of its major counterparts so far in May, but AUD/USD faces a key test as it approaches the March high (0.6685).

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Yen Sank Despite US-China Hong Kong Tensions, USD/JPY May Fall

The Japanese Yen and US Dollar sank as the Australian Dollar rose despite escalating US-China tensions over Hong Kong. USD/JPY may be readying to turn lower after clearing support.

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S&P 500 Forecast: Break Out or Fake Out?

The S&P 500 broke above 3,000 for the first time since March 6 as risk appetite appears to drive equities higher. Will the bullish breach spark a continuation rally or is this a false break?

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Hang Seng Forecast: Pressure to Build as Mass Protests Planned

The Hang Seng index remains vulnerable to political and social pressures as mass protests are planned for Wednesday in response to increasing interference from China

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Stock Market Forecast: Should I Sell in May and Go Away?

Dow Jones skyrockets higher as the stock market recovery continues on the back of coronavirus vaccine hopes and rebounding economic activity, but the 'sell in May and go away' anomaly still threate...

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Dow Jones Index Remains at Multi-Month High Following Consumer Confidence

The Dow Jones Index remains higher after The Conference Board's Consumer Confidence Index printed 86.6 for May, stabilizing the index from its sharp drop in the months prior.

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EUR/USD Rallying Towards a Multi-Week High, ECB And Bundesbank May Clash

A bout of risk-on sentiment is pushing the Euro higher against the US dollar and back towards levels last seen in March.

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US Dollar Drops as S&P 500 Futures Break Key Barrier - US Market Open

US futures on the front-foot, while the US Dollar is coming under sizeable selling pressure.

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Stocks, AUD, GBP, EUR Sentiment Lifted by Lockdown Easing | Webinar

Trader confidence in ‘risk on’ assets including stock market indexes and currencies such as the Australian Dollar, the British Pound and the Euro has improved as coronavirus lockdowns are eased.

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Gold Price Remains Constrained, Risk-On Rally Stalls Upside Progress

Gold continues to consolidate in a tight range with political risk and market optimism battling to take control of near-term price action.

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US Dollar Shorts Slashed, GBP/USD & EUR/USD Shorts Pick-Up - COT Report

Speculative US Dollar shorts slashed. Investors defensive on risk sensitive currencies amid US-China tensions.

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Gold Prices Echo US Dollar Drop as Market Mood Improves

Gold prices are finding support despite typically unfriendly market conditions as the US Dollar swoons, boosting the appeal of anti-fiat alternatives.

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British Pound (GBP) Latest: GBP/USD Holds Support, Creeping Higher

GBP/USD continues to edge ahead despite a political storm over UK Prime Minister Boris Johnson’s chief adviser Dominic Cummings.

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EUR/USD Rate Tracks Monthly Range While ECB Rules Out V-Shape Recovery

EUR/USD may trade within a more defined range over the remainder of the month as the recent rebound in the exchange rate fails to trigger a test of the May high (1.1020).

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US Dollar May Rise as SGD Falls on US-China Woes, Indian Rupee at Risk

The US Dollar could rise against ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.

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AUD May Fall on Australia-China Tensions, Euro Eyes €500b Proposal

The AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal

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USD/CAD Rate to Face Record Decline in Canada GDP

Canada’s 1Q Gross Domestic Product (GDP) report may influence USD/CAD as the update is expected to show the biggest contraction since the data series began in 1961.

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Markets Weekly Outlook: US Dollar, Dow Jones, Australian Dollar, Crude Oil

The US Dollar has slowed its descent with the Dow Jones leveling off as crude oil prices rise with lockdown easing bets. US-China tensions seem to be heating up which could complicate virus economi...

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Crude Oil Prices May Be Plotting a Return to $40/Barrel WTI

Crude oil prices may be setting up for a rebound to revisit the $40/barrel level on the WTI benchmark. Gold prices are struggling to make good on an upside break.

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Euro Outlook Appears Bearish Ahead of German IFO Data

The Euro may suffer versus its G10 counterparts after German IFO data is released as the region wrestles with the recession-inducing coronavirus pandemic.

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Gold Price Outlook Mired Ahead of June by Negative RSI Slope

The price of gold may consolidate throughout the final week of May as the Relative Strength Index (RSI) reverses ahead of overbought territory and tracks a negative slope.

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US Dollar May Rise as SGD Falls on US-China Woes, Indian Rupee at Risk

The US Dollar could rise against ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.

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AUD May Fall on Australia-China Tensions, Euro Eyes €500b Proposal

The AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal

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NZD/USD Rate Vulnerable to Dovish RBNZ Financial Stability Review

Fresh remarks coming out of the Reserve Bank of New Zealand (RBNZ) may drag on NZD/USD as the central bank retains a dovish forward guidance for monetary policy.

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S&P 500 Struggling at Resistance, Volatility Risk Ahead Elevated

The S&P 500 shrugged off risk aversion to end last week higher, but upside momentum seems to be fading. US markets are offline today, raising the risk of volatility.

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Markets Weekly Outlook: US Dollar, Dow Jones, Australian Dollar, Crude Oil

The US Dollar has slowed its descent with the Dow Jones leveling off as crude oil prices rise with lockdown easing bets. US-China tensions seem to be heating up which could complicate virus economi...

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S&P 500, Nasdaq 100, DAX 30 Forecast for the Week Ahead

The S&P 500 and Nasdaq will look for developments in US-China tensions while the DAX 30 awaits a string of regional data. Possible coronavirus vaccines may also influence sentiment in the week ahead.

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USD/MXN Outlook: Downside Pressure Continues as Investors Cheer Drug Hopes

The possibility of a Covid-19 cure by year end keeps market sentiment high despite ongoing political tensions

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Euro Forecast: EUR/USD Outlook Lifted Long-Term by Recovery Fund Plan

The long-term outlook for the Euro has been boosted significantly by a Franco-German proposal for a €500 billion coronavirus Recovery Fund, even though an agreement is not yet close.

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Gold Price Outlook Bearish on GDP Data, US-China Tension and Covid-19

Gold prices may face heightened liquidation pressure as US-China tensions over Hong Kong heat up ahead of US GDP data amid the coronavirus pandemic.

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US Dollar Outlook: US-China Tensions Complicate Virus Recovery Bets

The US Dollar mayfind some strength if tensions between the US and China keep rising, adding an extra layer of uncertainty to the global economic outlook amid the coronavirus outbreak.

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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 Data Drought, RBA Silent so Covid Will Drive

The Australian Dollar market is headed for a bare domestic data cupboard which will once again leave overall market risk appetite in charge. This may well mean it remains stuck in its current range.

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IBEX 35 Price Sluggish, Spain Stock Index Lags Euro Area Peers

The IBEX 35 index continues to lag its Euro Area peers, and bears nor bulls have set a decisive trend as recent price action remains rangebound

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US Dollar Boosted, S&P 500 Threatened by Renewed China Tension

The US Dollar rebounds while the S&P 500 Index gives back gains as market sentiment shows signs of deteriorating due to a re-escalation in trade uncertainty and tension with China.

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FTSE 100 Drops on China Tensions, GBP/USD Breakdown - US Market Open

US-China tensions in focus as risk appetite weakens. Chinese Yuan key to currency volatility.

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Gold Outlook Brightens as Politics Turn Risk Sentiment Sour

Gold is making a fresh attempt to move higher as the outlook for riskier assets turns negative.

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British Pound (GBP) Latest: GBP/USD Risks Remain to the Downside on Latest BoE Talk, UK Sales Data

Bank of England deputy governor Dave Ramsden, speaking to Reuters, said that while the fall in UK Q2 GDP may not be as bad as first thought, the recover may take longer than previously expected.

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

As risk sentiment takes a turn lower, high-beta currencies such as the Australian Dollar are among the underperformers.

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Euro Eyes ECB Minutes as GBP Braces for Brexit Woes Ahead

Euro traders will be closely watching the release of the ECB meeting minutes amid tension with the German high court. GBP is feeling the pain of Brexit as transition extension deadlines nears.

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Crude Oil Prices Slip With Stocks. China Plans Tighter Grip on Hong Kong

Crude oil prices made initial gains on reports that lockdown rollbacks had indeed increased demand. However Hong Kong stocks’ plunge on proposed tighter control from Beijing saw those gains pared.

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US Dollar Boosted, S&P 500 Threatened by Renewed China Tension

The US Dollar rebounds while the S&P 500 Index gives back gains as market sentiment shows signs of deteriorating due to a re-escalation in trade uncertainty and tension with China.

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Gold Price Consolidation to Linger as RSI Flops Ahead of Overbought Zone

The price of gold may consolidate over the remainder of the month as the Relative Strength Index (RSI) appears to have flopped ahead of overbought territory.

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Australian Dollar at Tipping Point as US-China Tensions Heat Up?

The Australian Dollar struggled at resistance after US-China tensions sent the Dow Jones and S&P 500 lower over the past 24 hours. This also benefited the haven-linked US Dollar.

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DAX 30 & CAC 40 Price Outlook: Euro Unity Bolsters Regional Equities

Recent news of a unified response to the coronavirus via federalized debt has shown commitment to the single-currency project which saw European stocks leap higher alongside the Euro.

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IBEX 35 Price Sluggish, Spain Stock Index Lags Euro Area Peers

The IBEX 35 index continues to lag its Euro Area peers, and bears nor bulls have set a decisive trend as recent price action remains rangebound

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British Pound Price Outlook: GBP/USD Bounces - Will Sellers Respond?

Last week ended with fear in the British Pound but this week has been noticeably more upbeat, even with the talk of possible negative interest rates.

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Central Bank Watch: Timing of Next Rate Moves for BOC, RBA, & RBNZ

Many central banks have reached the lower bound of interest rates – for now.

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USD Weakness Abates on Flash Manufacturing PMI

This morning brought the release of US Flash Manufacturing PMI data to the tune of 39.8 vs the expectation of 38.0.

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Dow Jones Rises to Resistance, US Dollar Dropping to Key Support

Risk On and Risk Off drives price action in short term. US Dollar has increasingly negative correlation to risk appetite.

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British Pound (GBP) Latest: UK PMIs Improve GBP/USD Outlook Modestly

GBP/USD edged ahead on a better-than expected batch of UK PMIs but continues to trade close to the 1.22 level within a triangle pattern on the charts, with little sign yet of a breakout either up o...

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Bitcoin (BTC) Struggles to Break Above $10,000, Supportive Trend Remains

Bitcoin continues to struggle with resistance at $10,000 but remains supported by a strong two-month uptrend.

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EUR/GBP Chart Setup Ahead of ECB Minutes, UK PMI Data

The Euro and British Pound may see higher-than-usual volatility ahead of the release of UK PMI data and ECB meeting minutes as EUR/GBP trades near a key inflection range.

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Gold Prices Return Some Gains Despite Broadly Supportive Backdrop

Gold prices failed to push higher despite a modest rise in overall risk aversion as relations between China and the United States appear more strained in the time of Covid.

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NZD/USD Rate Struggles Again at Former Support Zone

NZD/USD struggles to extend the series of higher highs and lows from earlier this week as it comes up against the former support zone around 0.6170 to 0.6230.

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Australian Dollar Lower, Trump Tweets Against Xi Stoke Risk Aversion

The Australian Dollar came under pressure against a generally stronger greenback as the US Administration makes its China spat much more personal.

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BTC/USD Analysis After Halving, Ethereum Technical Update

Bitcoin may experience a brief pullback as bold price action turns more timid ahead of retesting a key ceiling. ETH/USD is stalling in a compression zone – will a directional bias be revealed?

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VIX Index Spikes Lower as Risk Appetite Crushes Volatility

VIX Index drops to its 200-day exponential moving average as the S&P 500 rallies relentlessly while trader sentiment remains unfazed by skepticism surrounding a possible coronavirus vaccine.

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USD/CAD Outlook: Failure to Test April Low Warns of Range Bound Prices

USD/CAD may continue to face range bound conditions in May as the decline from earlier this week fails to produce a test of the April low (1.3850).

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Crude Oil Price Breakout Eyed, Will the Canadian Dollar Capitulate Up?

Crude oil prices broke to the upside on a 10-week high, will the Canadian Dollar capitulate higher? Markets shrugged off Stat’s Moderna critique, AUD/USD may rise with Asia stocks.

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Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.

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Gold Price Takes Aim at 2012 Peak Near $1,800 as Climb Continues

Gold has melted higher over the last few weeks as investors seek the relative stability and insurance against inflation the metal often provides. Now, it has taken aim at resistance near the 2012 p...

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US Dollar Outlook: DXY Hammered Lower Ahead of FOMC Minutes

The US Dollar extends lower with DXY Index price action on pace for a 1.2% decline over the last three trading sessions, but can FOMC minutes due for release spark a reversal in USD prices?

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US Listed Chinese Stocks Drop on Senate Passing Oversight Bill

The U.S. Senate passed the Holding Foreign Companies Accountable Act Wednesday afternoon, sending Chinese stocks listed on U.S. exchanges lower as news crossed the wires

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Euro Stoxx 50 Outlook: Approaching Inflection Point as Optimism Reigns

Market optimism remains rife as vaccine hopes and EU aid proposals continues to lift equity markets

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Dow Jones, Gold & More: Index & Commodity Charts to Watch & More

Stocks are testing resistance and have their work cut out for them for further gains while gold and other commodities may have a little more upside in them.

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US Dollar vs Mexican Peso Outlook: USD/MXN Pressing Against Multi-Week Lows

The Mexican Peso pullback against the US dollar continues with the recent oil rally weighing on USD/MXN. A fresh attempt to make a new multi-week low is currently underway.

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British Pound (GBP) Latest: GBP/USD Rally Running Out of Steam

The rally so far this week in GBP/USD is faltering after news of a drop in UK inflation; attention now turns to testimony by the Bank of England Governor and Thursday’s PMIs.

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EUR/USD Outlook Bearish Ahead of FOMC Minutes, Eurozone Data

The Euro may face heightened liquidation pressure ahead of the release of key Eurozone economic data while the US Dollar may rally on coronavirus risks and the FOMC minutes.

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Crude Oil Prices Gain Further On Signs of US Demand Recovery

Crude oil prices have held up thanks to news of a US inventory drawdown, signs of increased refinery runs and the expiry of June’s futures contract well in positive territory.

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Gold Price Remains Afloat Following Fed Chairman Powell Testimony

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Federal Reserve prepares to further expand its balance sheet.

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FTSE 100, S&P 500 Forecast: Resistance Rejected, Will Sell Bets Unwind?

The FTSE 100 and S&P 500, after rejecting key resistance, could risk seeing downward pressure pick up pace if retail investors unwind their tendency to sell recent price action.

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Emerging Market Currencies Face FDI Outflows In Post-Covid World

Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all.

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CAD Outlook vs British Pound and New Zealand Dollar

GBP/CAD and NZD/CAD are approaching critical cross sections following a corrective pullback in their respective trajectories.

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AUD/USD Forecast: Break of May Range Brings March High on the Radar

AUD/USD may attempt to test the March high (0.6685) as the exchange rate breaks out of the monthly range and carves a series of higher highs and lows.

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New Zealand Dollar Stalls? Dow Jones Turns, Stat Flaks Moderna Vaccine

The New Zealand Dollar may be stalling after Stat criticized Moderna’s virus drug trial, reversing most gains in the Dow Jones yesterday. Ahead, the Japanese Yen could appreciate.

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Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.

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Dow Jones Index Aims Higher Following Fed Chair Powell, Secretary Mnuchin Testimony

The Dow Jones index is pushing modestly higher following testimony from Fed Chair Powell, and Treasury Secretary Mnuchin to the Senate Banking Committee regarding the CARES Act

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Nasdaq Surge Continues as S&P 500 Lags; FOMC as the Driver

It's not often that one might have a valid complaint against a 36.8% rally in less than two months, but that may be the case here in the Dow and S&P versus the Nasdaq.

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DAX 30 & CAC 40 Price Outlook: Euro Unity Bolsters Regional Equities

Recent news of a unified response to the coronavirus via federalized debt has shown commitment to the single-currency project which saw European stocks leap higher alongside the Euro.

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Euro Reversals Gather Pace on Jointly-Issued Debt News - Levels for EUR/JPY & EUR/USD

No doubt about it, the potential for jointly-issued debt is a gamechanger for Europe. Has the Euro been saved?

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Market Sentiment Improving on Vaccine Hopes | Webinar

Trader confidence is rising on hopes of a Covid-19 vaccine as well as German and French plans for a €500 billion EU coronavirus recovery fund.

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Currency Correlation with Stock Market Rises Sharply - Cross Asset Correlation

Risk rally takes shape prompting US Dollar pullback. Broader macro risks remain with Brexit concerns to weigh on GBP/USD.

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US Dollar, Yen May Rebound as Powell and Mnuchin Testify

The US Dollar and Japanese Yen may rebound as sobering Congressional testimony from Fed Chair Powell and Treasury Secretary Mnuchin sour market sentiment.

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Euro Latest - EUR/USD Rally Continues, Mixed German ZEW Readings

The Euro continues to push higher against the US dollar, buoyed by the proposed EU coronavirus rescue fund. The latest German ZEW data is mixed and economic sentiment may be optimistic.

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British Pound (GBP) Latest: GBP/USD Bouncing on Vaccine Hopes

Sterling and other ‘risk on’ assets are jumping on promising vaccine results; a mixed bag of UK employment data and a new UK tariff regime post-Brexit have left GBP unscathed.

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Gold Prices Gain On US-China Tensions Despite Covid Vaccine Hopes

Gold prices retained a solid anti-risk underpinning even as broader risk appetite perked up on a promising, initial coronavirus vaccine test.

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EUR/USD Rate Forecast: Test of May High Looks Imminent

EUR/USD may trade within a more defined range if the recent rebound in the exchange rate fails to trigger a test of the May high (1.1020).

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Australian Dollar, ASX 200 Pressure Resistance as Trade Tensions Brew

The Australian Dollar and ASX 200 are pressuring resistance with momentum fading. As markets await a coronavirus vaccine, tensions between China and with the US and Australia brew.

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Silver May Still Lose Out To Gold Once Covid Effects Fade

Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so.

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Yen Sinks, Dow Jones Rips on Moderna Virus Drug Trial. USD/JPY May Rise

The Japanese Yen slumped as Moderna’s coronavirus vaccine trial sent the Dow Jones to its best day in almost 6 weeks. Ahead, the Australian Dollar may rise alongside APAC shares.

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USD/CAD Rate Forecast: May High on the Radar Ahead of Canada CPI

Fresh data prints coming out of Canada may keep USD/CAD afloat as the headline reading for inflation is expected to contract for the first time since 2009.

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S&P 500 Forecast: Crude Oil Price Rebound Sees Energy Gains Pace Tech

Crude oil has rebounded significantly this month after momentarily slipping into negative territory in late April. Similarly, stocks in the S&P 500 energy sector have outperformed other industries.

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Gold Price Outlook: GLD Fresh High as Powell Says FOMC Has 'No Limit'

Gold prices set another fresh seven-year-high after this week's open, and with a loose and passive FOMC, there may be more room to run.

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EUR/USD Rips Higher as 500bln Euro Recovery Fund Gives EU Hope

EUR/USD price action explodes higher as the Euro surges in response to a joint proposal from French and German leaders Macron and Merkel offering a 500 billion coronavirus recovery fund to EU count...

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Markets Weekly Outlook: Dow Jones, Gold Prices, US Dollar, Fed, Earnings

The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US retail...

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GBP/USD, EUR/GBP and FTSE 100 Latest - UK Market Webinar

GBP/USD and EUR/GBP both broke out of multi-week ranges at the end of last week but need to consolidate before the next move. The FTSE 100 is pushing higher on a general risk-on theme.

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Japanese Yen Forecast: Key USD/JPY Levels to Watch

Soft start to the week for the Japanese Yen. However, negative macro risks keep USD/JPY downside bias intact.

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British Pound (GBP) Latest: GBP/USD Under Pressure, EU-UK Trade Talks Need a Reboot

Trade talks between the EU and the UK are becoming increasingly fractured and with the June 31 extension deadline nearing, both sides need to push forward. Weekend commentary from BoE chief economi...

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British Pound Feeling Familiar Pain of Brexit as Covid-19 Takes its Toll

The British Pound’s sensitivity to political risk is returning as GBP suffers from the UK’s internal fragmentation and renewed concerns about Brexit amid the coronavirus pandemic.

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Crude Oil Prices Hit One-Month Highs On Economic Re-Start Hopes

Crude oil prices found continuing support from investors looking to the gradual re-opening of Covid-hit economies, along with production cuts.

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Gold Price Forecast: Breakout Pushes RSI Towards Overbought Territory

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Relative Strength Index (RSI) approaches overbought territory.

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US Dollar on Offense? SGD, IDR, PHP, MYR Fundamental Outlook

Is the US Dollar ready to rise against currencies such as the Singapore Dollar, Indonesian Rupiah and Philippine Peso? FOMC minutes, US-China tensions and fiscal stimulus are eyed.

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NZD/USD Rate Eyes April Low Ahead of New Zealand Retail Sales Report

NZD/USD may continue to give back the advance from the April low (0.5843) as the update to New Zealand’s Retail Sales report is expected to show a 1.5% contraction.

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US Dollar May Rise on Powell Testimony, FOMC & ECB Minutes: Covid-19 in Focus

US Dollar may rise versus the Euro and British Pound ahead of Powell’s testimony, the release of the FOMC and ECB minutes amid renewed Brexit risks.

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British Pound Slumped Post Brexit Talks, GBP/USD Eyeing Reversal?

The British Pound slumped as Brexit talks failed to find progress, opening the door for a GBP/USD reversal after support was cleared. Ahead, the Yen faces Japanese GDP data.

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Markets Weekly Outlook: Dow Jones, Gold Prices, US Dollar, Fed, Earnings

The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US retail...

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https://t.co/3CXQiMrs2Z #kochenmitfederico Untertitel in Video aktivieren 😉 Activar los subtítulos en el video 😉 https://t.co/hH2L3aqlQN

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Untertitel in Video aktivieren 😉
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May 17, 2020 at 04:57PM
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S&P 500, DAX 30 and FTSE 100 Forecasts for the Week Ahead

US-China Tensions Added to Macro Risks. Europe underperforms, while the UK digest Brexit Deadlock

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USD/MXN Outlook: Another Rate Cut Sees Mexican Peso Resilience

Banxico has applied another 50 bps cut showing that they have ample room to apply further downgrades

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Euro Forecast: Outlook for EUR/USD Increasingly Bearish

The Euro continues to trade in a narrow range against the US Dollar but a break to the downside is looking more and more likely.

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Gold Prices Yearn for Momentum, Will XAU/USD Rally Fizzle or Takeoff?

Gold prices seem torn between the US Dollar and Treasury yields. Upside momentum has been somewhat lackluster since mid-April, will XAU/USD find some meaningful traction ahead?

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US Dollar Forecast: Fed Says No to NIRP, China Tension Flares

Following a recent consolidation in the DXY Index, US Dollar price outlook grows more upbeat as Fed Chair Powell dismisses negative interest rate policy and US-China trade tension spurs USD demand.

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The Financial & Trading Skills Index

The DailyFX Global Financial Centres Index (GFCI) reveals data on the mostlucrative and widely available finance and graduate roles in top 20 cities around the world.

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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 Could Wilt As Reality of Covid Recession Sinks In

The Australian Dollar has posted impressive gains from this year’s lows, but can they last as the global data cycle sours?

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Canadian Dollar Price Outlook: Will Resistancec Stall the USD/CAD Pop?

The US Dollar exhibited strength this week as USD/CAD moved off support and looks to test overhead resistance nearby. The level has stalled prior rallies, will it spark a reversal lower this time?

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

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US Dollar Inches Higher Following Consumer Sentiment Report

The US Dollar ticks higher on better than expected consumer sentiment data for May, but remains suppressed after terrible retail sales data released earlier Friday

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Australian Dollar Forecast: AUD/USD at Risk From US/China Trade Wars 2.0

The Australian Dollar looks set to come into the cross-fires once again as US-China trade tensions pick up.

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EUR/USD, GBP/USD, DXY – USD Charts For Next Week

The Dollar range at some point will break, and once it does the Euro and Sterling will be at the epicenter; DXY levels to watch on the top and bottom-side.

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US Recession Watch, May 2020 - US Yield Curve Hides the Truth

The Federal Reserve’s extraordinary stimulus efforts have had an understandable impact on the US Treasury yield curve – which has lost some utility.

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US Dollar Biding Time Ahead of Crucial US Retail Sales Data

The US dollar is struggling to move higher and may face further a further obstacle in the shape of the latest release of US consumer spending in April which is expected to hit a record low.

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USD/MXN – Dollar vs Peso Price Action, the Good and the Bad

USD/MXN continues to chop sideways giving traders in the near-term difficulty, but there should be good signaling soon.

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Euro Latest: German GDP in Crash Mode, EUR/USD Eyes Crucial Trendline

German Q1 GDP contracts 2.2%. Euro Unmoved as Tight Range Persists.

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British Pound (GBP) Latest: GBP/USD and EUR/GBP Test Limits, Brexit and COVID-19 Updates

Sterling has weakened over the course of the week and is now testing multi-week support levels as sentiment weakens. A new research article suggests that the spread of COVID-19 in London has fallen...

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US Dollar May Rise vs Euro on Retail Sales, Eurozone GDP Data

The US Dollar may rise if retail sales and consumer confidence data sour risk appetite while the Euro may suffer after Eurozone GDP data is released in a politically-battered region.

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Crude Oil Holds Gains On Hopes Huge Stockpiles Can Be Run Down

Crude oil markets are still stuck between the demand collapse inspired by Covid and hopes that production cuts will start to erode inventory.

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AUD Rates Hold May Range Despite Record Drop in Australia Employment

AUD/USD may face range bound conditions despite the record drop in Australia Employment as the decline from earlier this month sputters ahead of the May low (0.6373).

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Hang Seng May Struggle as Yen Gains if US-China Tensions Resurface

The Hang Seng could struggle if US-China trade tensions resurface, denting Hong Kong’s economy amid the coronavirus. Such an outcome could boost the anti-risk Japanese Yen.

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Australian Dollar Steady As China Industrial Production Registers Big Beat

The Australian Dollar didn't move far on a mixed bag of Chinese numbers which showed industry powering ahead despite Covid while retail sales and investment lag.

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Silver and Gold Prices May be at Risk of a Short-Term Pullback

Silver and gold prices may be at risk of a short-term pullback as the uptrends that pushed the precious metals higher show signs of fragility.

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Canadian Dollar, Crude Oil, Dow Jones Gain with Financial Stocks

The Canadian Dollar gained with crude oil prices as financial stocks lead the Dow Jones higher. Ahead, Asia Pacific equities may rise which could bode well for the Australian Dollar.

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GBP/USD Price Analysis: Pound-Dollar Probes Big Support Level

Recent weakness exhibited by spot GBP/USD price action has gained pace over the last few trading sessions and pushes the Pound Sterling to a 5-week low against its US Dollar peer, but will support ...

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Is the Rally Unfounded?

The Dow Jones and S&P 500 have slowed their recovery rally in recent days while the Nasdaq 100, fueled by large tech stocks, has pressed higher. Is this sustainable or is the rally unfounded?

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Bitcoin Price Analysis: BTC Back Towards 10k, Can Bulls Break Through?

It's been a wild past two months in Bitcoin and now bulls are met with heavy resistance and considerable motive.

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USDMXN Drops on Bank of Mexico Rate Cut

The Bank of Mexico slashed its overnight rate to 5.50% from 6.00%, as expected. USDMXN price action moved lower on Peso strength

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US Dollar on the Rise with FX Volatility; Sentiment Souring?

The US Dollar extends higher after Fed Chair Powell pushed back on the prospect of negative interest rates, which seems to have corresponded with an uptick in volatility and downshift in risk appet...

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Euro Stoxx 50, IBEX-35 Price Outlook: Bulls Retreat as Virus Risks Resurface

European stocks move lower this week as coronavirus risks reemerge on worries that the economy may have to endure a longer than previously thought shutdown

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S&P 500 Outlook: US-China Tensions Puts S&P 500 at Risk of a Breakdown

Key levels to watch for the S&P 500. US-China tensions add to concoction of bearish catalysts.

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Euro Latest - EURUSD Continues to Press Down on Support

The Euro remains under pressure against the US dollar after Fed Chair Jerome Powell closed the door on negative interest rates in the US, boosting the value of the greenback.

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Crude Oil Outlook - CFTC Advises Vigilance Over Possible Negative Pricing

The US Commodity Futures Trading Commission has sent out an advisory notice to exchanges warning that the price of WTI crude futures could turn negative again as the June expiry date nears.

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British Pound (GBP) Latest: GBP/USD to Drop to April Low?

GBP/USD is in danger of falling to the low at 1.2166 reached on April 6 as concerns about a second wave of coronavirus infections drive traders towards safe havens such as the US Dollar.

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US Dollar May Rise on Jobless Data as Fed Warns of Long-Term Impact

The US Dollar may rise if demand for liquidity in times of unprecedented uncertainty is amplified after US jobless data is published following Fed Chairman Jerome Powell’s warning.

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Gold Prices Slip Back After Early Gains On Hopes For US Stimulus

Gold prices couldn’t hang on to early gains made as the US Federal Reserve Chairman reminded markets that they could be facing the worst economic downturn since World War Two.

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NZD/USD Levels to Watch as RBNZ Expands Large Scale Asset Purchases

NZD/USD may continue to give back the advance from the April low (0.5843) as the Reserve Bank of New Zealand (RBNZ) expands its Large Scale Asset Purchase (LSAP) program.

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Australian Dollar Stumbles As Covid Sees 594,000 Jobs Lost In April

The Australian Dollar was braced for terrible employment news, and duly got it. More jobs were lost than expected last month although the unemployment rate did not rise as sharply as had been feared.

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EUR/USD Rebound Fizzles as Fed Chairman Powell Tames Bets for NIRP

EUR/USD may trade within a more defined range in the days ahead as Federal Reserve Chairman Jerome Powell tames speculation for a negative interest rate policy (NIRP).

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US Dollar, VIX Index Pop as S&P 500 Price Plummets Post-Powell

Fed Chair Powell echoed opposition to negative interest rates and highlighted the lasting damage faced by the global economy due to the coronavirus, which boosted the US Dollar and VIX Index but pu...

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S&P 500 at Tipping Point? Fed Chair Powell Crushed Negative Rate Bets

The S&P 500 may be facing a tipping point as Fed Chair Jerome Powell struck down negative rate expectations. This could leave the Australian Dollar at risk as it follows Wall Street.

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Euro Stoxx 50, IBEX-35 Price Outlook: Bulls Retreat as Virus Risks Resurface

European stocks move lower this week as coronavirus risks reemerge on worries that the economy may have to endure a longer than previously thought shutdown

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DAX 30 Forecast: Index Threatens Range Break Out, Awaits GDP

The DAX 30 has traded sideways since early April, establishing little progress in either direction. Trading near the topside of its range, can the index break out?

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Dow, S&P Continue Pullback - Are Bears Brewing for Another Push?

US equities have struggled this week after a really strong seven-week stretch. Are bears making a reappearance or is this a mere pullback in a bullish trend?

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

from DailyFX - Market News https://ift.tt/3cw1CeP
via IFTTT

US Recession Watch, May 2020 - US Yield Curve Hides the Truth

The Federal Reserve’s extraordinary stimulus efforts have had an understandable impact on the US Treasury yield curve – which has lost some utility.

from DailyFX - Market News https://ift.tt/2T2vBU7
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S&P 500, Gold, Oil : Index & Commodity Charts to Watch & More

Stocks look like they could roll over here soon, gold continues to coil up, while oil has a pattern that suggests a move could be near.

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Gold Struggles With Trend Resistance Ahead of Key Fed Speech

Gold continues to battle a narrowing trading range set-up over the last month. Will Fed Chair Jerome Powell’s speech later today spark a breakout?

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Euro Latest: EUR/USD Could Break Lower, Powell Speech in Focus

EUR/USD is in danger of breaking below trendline support as the markets wait for a 1300 GMT speech on current economic conditions by US Federal Reserve Chair Jay Powell.

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Euro May Fall Ahead of Merkel's Testimony to Bundestag on Covid-19

The Euro may fall ahead of German Chancellor Angela Merkel’s testimony to the Bundestag on updates regarding the Coronavirus and the outlook for lockdown policies.

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GBP/USD Remains Under Pressure as UK Economy Shrinks

UK preliminary Q1 GDP beat market expectations but still showed the largest quarterly contraction since the financial crisis in 2008. The Office for National Statistics (ONS) warned that the second...

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Crude Oil Prices Take Back Losses Despite Second Wave Covid Worries

The crude oil market is slightly torn between fears that the spread of coronavirus will crimp demand for longer than had been thought and suspicions that output will be cut still further.

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The Financial & Trading Skills Index

The DailyFX Global Financial Centres Index (GFCI) reveals data on the mostlucrative and widely available finance and graduate roles in top 20 cities around the world.

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Gold Price Holds Steady Even as Trump Pushes for Negative US Rates

The price of gold may continue to track the April range as plans to gradually restart the advanced economies appear to be restoring investor confidence.

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Dow Jones and S&P 500 Outlook: Will Wall Street Drop Fuel Long Bets?

Will recent declines in the Dow Jones, S&P 500 and Nasdaq Composite materially shift retail investors’ tendency to short equities? How can that impact the outlook for Wall Street?

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New Zealand Dollar Whipsaws as RBNZ Holds Rates as Expected But Widens QE

The New Zealand Dollar was volatile after its home central bank left rates at record lows but expanded its asset purchase program in the face of Covid's economic hit.

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USD/CAD Rate Tracks April Range Ahead of BoC Governor Departure

USD/CAD may continue to track the April range as Bank of Canada (BoC) Governor Stephen Poloz prepares to depart from the central bank in June.

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Australian Dollar May Fall After Nasdaq Composite Tumbled into Close

The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Compositeinto the close. Ahead, Asia Pacific equities may fall as the Yen gains.

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USD/JPY: US Dollar to Yen Mired by Fed Chair Powell Rate Outlook

USD/JPY edges lower as the US Dollar struggles to find direction against the Yen and other major FX peers ahead of a Fed Chair Powell speech expected to comment on negative interest rate policy.

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Nikkei 225 Technical Forecast: Bulls Seek Daily Close Above April Peak

The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?

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Gold Prices Build into Bull Pennant - But Can Bears Break Support?

After an enthralling rush of volatility through March, Gold prices have calmed while coiling into a wedge pattern. But is a possible bear trap brewing?

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Is the Rally Unfounded?

The Dow Jones and S&P 500 have slowed their recovery rally in recent days while the Nasdaq 100, fueled by large tech stocks, has pressed higher. Is this sustainable or is the rally unfounded?

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EUR/JPY Races Higher as EUR/USD Maintains Triangle - What's Next for the Euro?

The Euro is no longer the worst performing currency in May, ceding that crown to the British Pound, which remains befallen by hard Brexit fears due to the coronavirus pandemic.

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Sentiment Caught Between Virus Hopes and Fears | Webinar

Trader confidence is stuck in neutral as traders weigh up the positive news that coronavirus lockdowns are being eased against fears that a second outbreak could follow.

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FTSE 100 Outlook: Resistance Eyed as Upside Persists

Upside persists for global equities as FOMO flows support. Key levels to watch as FTSE 100 tests 6000.

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British Pound (GBP) Latest: Range Trading to Persist in GBP/USD, EUR/GBP

GBP/USD and EUR/GBP look set to continue to trade in fairly narrow ranges, pulled one way by the easing of coronavirus restrictions and the other by fears of a second wave of the Covid-19 pandemic.

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US Dollar May Rise on Fed Speak as Global Virus Cases Top 4 Million

The US Dollar may rise if commentary from Fed central bank presidents James Bullard, Neel Kashkari and Patrick Harker spook markets as globally-confirmed Covid-19 cases swell past 4 million.

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Gold Prices Up As Second Wave Covid Worries Stoke Haven Bids

Gold prices got a boost from suspicions that re-opening economies shuttered by coronavirus may not be as linear a process as market optimists might have hoped.

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Euro Forecast: EUR/USD Levels to Watch as April Range Remains in Play

EUR/USD may trade within a more defined range as the decline from the start of the month fails to produce a test of the April low (1.0727).

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Indian Rupee May Struggle as USD/INR Wobbles, Credit Spreads Widen

The Indian Rupee may struggle against the US Dollar as local credit spreads widen and the country struggles with the coronavirus outbreak. Will USD/INR exit its consolidative state?

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Natural Gas Prices Bounce On Hopes For Covid Lockdown Rollback

Natural gas prices have traded higher with other growth-correlated assets since early April, despite the clear threat of a deep global recession.

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NZD/USD Rate Fails to Test April High Ahead of RBNZ Rate Decision

The Reserve Bank of New Zealand (RBNZ) interest rate decision may drag on NZD/USD if the central bank endorses a dovish forward guidance for monetary policy.

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USD/JPY Breakout May Extend, Nasdaq Composite Outpaces Dow Jones

The USD/JPY may extend its rally after the US Dollar soared in a mixed 24 hours for global equities. The tech-heavy Nasdaq Composite outpaced the Dow Jones Industrial Average.

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Nikkei 225 Technical Forecast: Bulls Seek Daily Close Above April Peak

The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?

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BTC Price Outlook: Bitcoin Halving Prompts Crypto Volatility

Bitcoin halving catalyzes wild BTC price swings as crypto traders digest news of an intrinsic change to the number of Bitcoins per block awarded to miners. How has this impacted Bitcoin price outlook?

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Nasdaq 100 Rallies to Fresh Highs as the Dow Deals with Resistance

The Nasdaq 100 has re-entered positive territory for 2020 following a whopping 41% rally from the March lows.

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Canadian Dollar Price Outlook: USD/CAD Battles the Big Figure 1.4000

After a massive move in March, USD/CAD has spent the past month in a bout of mean reversion.

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AUD/USD Price Outlook: US Dollar Reverses on Powell Speculation

AUD/USD price action edges lower as the US Dollar strengthens with Fed Chair Powell expected to comment on negative interest rate policy at a scheduled speech later this week.

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FX Week Ahead - Top 5 Events: May RBNZ Meeting & NZD/USD Rate Forecast

The Reserve Bank of New Zealand meets on Wednesday, May 13 at 02:00 GMT; rates markets are pricing in a 12% chance of a 25-bps rate cut.

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DAX 30 Forecast: Index Threatens Range Break Out, Awaits GDP

The DAX 30 has traded sideways since early April, establishing little progress in either direction. Trading near the topside of its range, can the index break out?

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Top 5 Events: April US Inflation Report & USD/JPY Rate Forecast

The April US inflation report (consumer price index) is due out on Tuesday, May 12 at 12:30 GMT, and the data are expected to show a sharp pullback in price pressures.

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Markets Week Ahead: US Dollar, Crude Oil Prices, Dow Jones, Fed, RBNZ

The US Dollar trimmed gains as the Dow Jones and crude oil prices rallied into the weekend. Investors continue brushing aside the present for the future. In the background, the Fed is slowing the p...

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GBP/USD, EUR/GBP Outlooks, UK Q1 GDP Nears - Weekly UK Webinar

UK PM Boris Johnson needs to clarify Sunday’s address to the nation on how and when the UK will come out of lockdown. Brexit talks re-start today while on Wednesday the first look at the devastatio...

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Bitcoin (BTC) Price Action Volatile With Halving Imminent

Bitcoin’s volatility has returned with vengeance over the last few days with a near $2,000 trading range made between Friday’s high and Sunday’s low.

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British Pound (GBP) Latest: GBP/USD Stalls Ahead of Lockdown Unwind Details and Brexit Talks

Sterling has opened the week flat and may struggle to make a decisive break as traders wait for UK PM Johnson to release his COVID-19 unwind proposals, while UK/EU trade talks re-start this afternoon.

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Yen, US Dollar Drop as PBOC Hints China to Boost Stimulus

The Japanese Yen and US Dollar fell while stocks rose as China’s central bank hinted it was preparing to expand stimulus to counter the impact of the Covid-19 outbreak.

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Crude Oil Prices Pare Early Losses on Hopes of Economic Reopening

Crude oil prices took an early hit on fears of second-wave coronavirus infections in various countries. However, broad risk appetite revival saw prices head back up.

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Gold Price Consolidation Unfazed by NFP Report, Dovish Fed Rhetoric

The price of gold may continue to consolidate following the failed attempt to test the November 2012 high ($1754) as the RSI preserves the bearish formation from April.

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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 Forecast: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar focuses on external event risk against ASEAN currencies such as the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. What is in store ahead?

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AUD/USD Rate to Face Record Drop in Australia Employment

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Australian Dollar Eyes Resistance After Push in the Dow Jones

The Australian Dollar ended Friday on an upbeat along with the Dow Jones as sentiment improved. Still, AUD/USD faces what seems to be a formidable range of resistance ahead.

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Markets Week Ahead: US Dollar, Crude Oil Prices, Dow Jones, Fed, RBNZ

The US Dollar trimmed gains as the Dow Jones and crude oil prices rallied into the weekend. Investors continue brushing aside the present for the future. In the background, the Fed is slowing the p...

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Dow Jones, DAX 30 & ASX 200 Forecasts for the Week Ahead

Global equity markets weathered two important central bank decisions last week, but more lie ahead and economic data continues to deteriorate. Will volatility reemerge?

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Gold Price Forecast Hinges on Fed Rhetoric, Trade Deal Drama

Gold price outlook remains favorable, but the precious metal might face bearish headwinds if an upcoming speech from Fed Chair Powell downplays the prospect of negative interest rates, or if US-Chi...

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Euro Forecast: How Low Can EUR/USD Go?

EUR/USD has fallen steeply on a bearish German court ruling and some dire economic forecasts from the European Commission. The question for the week ahead is whether all the bad news is now priced in.

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US Dollar Forecast Hinges on Dow Jones, S&P 500, Nasdaq Composite

The US Dollar remains glued to the trajectory of the Dow Jones, S&P 500 and Nasdaq Composite. As slowing virus cases result in gradual lockdown easing, the urgency for stimulus may slow.

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Nikkei 225 & USD/JPY Price Outlook for the Week Ahead

The Japanese Yen and Nikkei 225 have been melting higher in recent weeks following their precipitous decline in February and March. With key barriers nearby, can they continue higher?

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Australian Dollar Market Looks Nervously to Corvid-Hit Jobless Numbers

The Australian Dollar has risen sharply from its coronavirus-inspired March lows, but like all other growth correlated assets must now likely face some grim economic data.

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

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Canadian Dollar Price Outlook: USD/CAD Weakness May Persist

The Canadian Dollar charged higher against its southern counterpart this week as market participants began to consider the possibility of negative interest rates in the United States.

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EUR/USD, USD/JPY, DXY – USD Charts for Next Week

The Dollar remains stuck in limbo as it searches for a clear direction following the wild Q1 swings; some levels to watch in a couple of major currency pairs.

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US Dollar, Gold, Dow Jones React to Catastrophic NFP Report

US Dollar, Gold and Dow Jones respond to April 2020 NFP data that just crossed the wires, detailing a catastrophic rise in unemployment and plunge in nonfarm payrolls, as the coronavirus recession ...

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USD/MXN – US Dollar Nearing a Tipping Point vs Mexican Peso

USD/MXN has been moving its way sideways for a while now, which after the Q1 rally appears to be bullish; but it needs to continue hanging in else view changes.

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US Dollar Eyes Jobs Data, NIRP and US-China Trade Cheer Weigh

The US Dollar eyes what promises to be abysmal jobs data, courtesy of Covid-19 having dropped amid bets on negative interest rates and cooling US-China trade tensions.

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Crude Oil Prices Up Despite Catastrophic US Labor Data Expectations

The energy market seems to have made its peace with what are likely to be some of the very worst US employment numbers on record. Hopes for gradual lockdown repeals have kept prices up.

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AUD/USD, ASX 200 Fixed on US Jobs Data as RBA Hints Low Rates to Stay

Australian assets didn't move much on a Reserve Bank of Australia Monetary Policy Statement which stuck to recent themes. Official US labor stats are coming up later, and markets are hunkered down ...

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EUR/USD Tracks April Range Ahead of US Non-Farm Payrolls (NFP) Report

EUR/USD appears to be reversing course ahead of the April low (1.0727) as the exchange rate snaps the series of lower highs and lows from the previous week.

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Canadian Dollar Eyes Support as Wall Street Rally Sinks the US Dollar

The Canadian Dollar rose as an upbeat Thursday pushed Wall Street higher and weakened the haven-linked US Dollar. Asia Pacific stocks may rise, perhaps boosting the Australian Dollar.

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Nikkei 225 & USD/JPY Price Outlook for the Week Ahead

The Japanese Yen and Nikkei 225 have been melting higher in recent weeks following their precipitous decline in February and March. With key barriers nearby, can they continue higher?

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Hang Seng Index Forecast: Pressure to Continue for HS50 Stocks

Hong Kong's Hang Seng Index remains under pressure as the Asian financial hub's previous political headwinds are set to return. This comes after a brutal Q1 GDP reading amid the COVID-19 pandemic, ...

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USD/CAD Price Probes Key Trade Level Ahead of Monthly Jobs Report

USD/CAD dropped 200-pips from its intraday high recorded the previous session as the US Dollar drives lower to test a major technical support level ahead of monthly nonfarm payrolls data due for re...

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Bitcoin Breakout: BTC to Fresh Highs, Near 10k as PTJ Makes Bull Case

Bitcoin bulls have been waiting for drivers and another may have just appeared as one of the most widely-followed market technicians voiced support for cryptocurrencies in a note earlier today.

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Nasdaq 100 Forecast for the Week Ahead, Unemployment to Soar?

The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.

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Euro Drops Below ECB Meeting Lows - Levels for EUR/JPY & EUR/USD Rates

The Euro has lost all of its gains since last week’s April ECB meeting. In the process, EUR/JPY rates have hit fresh yearly lows.

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GBP/USD, EUR/GBP and GBP/AUD Outlooks and Charts

Sterling picked-up a bid after this morning’s Bank of England policy announcement but has faded lower into the US open. Support levels may be soon tested as the UK readies itself for a long weekend.

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Bitcoin (BTC) Rallying Towards a Two-Month High Ahead of Next Week's Halving

Bitcoin continues to push back towards multi-week highs as the clock ticks down on the latest halving event.

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S&P 500 Outlook: Ominous Sign Appearing as US-China Tensions Rise

US-China tensions raising headline risk . S&P 500 upside capped at key resistance.

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Australian Dollar (AUD) Latest: Outlook Brighter on Strong Chinese Exports

The Australian Dollar, which is seen widely as a proxy for the Chinese economy, looks well placed to advance further after news of an unexpected increase in China’s exports last month.

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BoE Policy Decision - GBP Picks Up But Central Bank Warns of Slumping Q2 GDP

The Bank of England left all policy levers untouched this morning but warned that UK GDP could slump by in Q2 and that unemployment may jump to 9% in the same period. Sterling rose by 30 pips again...

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GBP/USD May Fall as the Bank of England Strikes a Gloomy Tone

The British Pound may fall against the US Dollar if a gloomy tone from the Bank of England sets the stage for stimulus expansion and sours overall risk appetite.

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Gold Prices Coiling Up for Breakout, Crude Oil Pierces Trend Top

Gold prices may be coiling up for a breakout higher while crude oil prices have broken resistance guiding them lower since the beginning of the year.

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AUD/USD Levels to Watch Following Failed Run at March High

The failed attempt to test the March high (0.6685) warns of a potential shift in AUD/USD behavior as the exchange rate snaps the upward trending channel from March.

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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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NZD/USD Rate Vulnerable as Former Support Offers Resistance

NZD/USD may face a more bearish fate ahead of the RBNZ meeting on May 13 as the former support zone around 0.6170 to 0.6230 appears to be acting as resistance.

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Japanese Yen Gains as S&P 500 Falls, Australian Dollar Vulnerable

The Japanese Yen rose as the S&P 500 fell after US private payrolls shrank by a record 20.2 million. Asia Pacific stock markets may fall, leaving the Australian Dollar at risk.

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GBP/USD Price Volatility Eyed by US Dollar; BoE & Jobs Data Loom

GBP/USD price action throttles lower ahead of the Bank of England and initial jobless claims scheduled for Thursday's trading session, which might fuel Pound Sterling to US Dollar volatility further.

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Canadian Dollar Price Outlook: USD/CAD Re-Tests Fibonacci Resistance

Turbulence has led to mean reversion, but that may not last for long as both the US and Canada release jobs numbers on Friday. Buckle up.

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

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FTSE 100 Forecast Ahead of the Bank of England Rate Decision

The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.

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Turkish Lira Outlook: USD/TRY Eyes Record High

USD/TRY Edges Towards Currency Crisis High. Eyes on Turkey’s State Measures to Curb Turkish Lira Drop.

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US Dollar vs Mexican Peso Price: USD/MXN Tightens Towards a Breakout

The recent Mexican Peso pullback against the US dollar continues and is now threatening a supportive trendline as oil prices pick-up and risk sentiment increases.

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Dow Jones, DAX 30: Index & Commodity Charts to Watch

Stocks are at a bit of a crossroad here after pulling off from resistance, precious metals continue to trade sideways but with a bullish tilt so far.

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US Dollar and Yen May Rebound on Recession Fears, ADP Eyed

The anti-risk US Dollar and Japanese Yen may rise if incoming economic data stokes worries about an emerging global recession.

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Canadian Dollar Outlook – USD/CAD Rally Looks to Be on the Horizon

USD/CAD has been in retracement mode since March; this may keep opportunities minimal for now, but price action suggests another run could be coming.

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Euro Latest - EUR/USD Sinks Further as Storm Clouds Gather

The Euro remains under pressure against a range of currencies as Tuesday’s German Court ruling continues to reverberate.

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DAX, Euro Stoxx 50 Outlook: Upside Potentially Capped

Tight ranges give little sense of direction in both the DAX and Euro Stoxx 50. Eyes on topside resistance to cap upside.

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British Pound (GBP) Latest: EUR/GBP Stable Despite German Court Ruling

The Euro is holding its ground against Sterling despite a German court ruling that the ECB must justify purchases under its bond-buying program or lose the Bundesbank as a participant.

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Crude Oil Prices Edge Lower, US Inventory Rise Reignites Glut Fears

Crude oil prices have risen impressively as investors hope to see the global economy emerge from its Covid lockdown. However, supply levels remain elevated.

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EUR/USD Susceptible to Dovish ECB Guidance amid German Court Ruling

EUR/USD may continue to give back the advance from the April low (1.0727) as the ECB retains a dovish forward guidance following the German Constitutional Court ruling.

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Dow Jones Selling Bets Fading, Will the Australian Dollar Sink?

Traders thirst to sell the Dow Jones has been fading as upside momentum on Wall Street has been slowing. This is as the sentiment-linked Australian Dollar could be at risk.

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Silver Lags Gold as Covid Haven Thanks to Much Higher Industrial Demand

Silver and gold are both precious metals but their status as financial assets is markedly different. All the same, the price ratio between them is now extremely high.

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USD/CAD Rebound from April Low Unravels Ahead of Canada Employment

The Canadian Dollar may face headwinds later this week as the update to Canada’s Employment report is anticipated to show a 4.25 million contraction in April.

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New Zealand Dollar Struggles Despite Rosy Jobs Data, S&P 500 Wobbles

The New Zealand Dollar struggled despite rosy jobs data all things considered. NZD/USD’s focus likely remains on risk trends, stocks on Wall Street trimmed most of their gains today.

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Nasdaq 100 Forecast for the Week Ahead, Unemployment to Soar?

The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.

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S&P 500 Jumps, VIX Sinks Amid Volatility Squeeze; Will it Last?

S&P 500 price outlook has improved as cross-asset volatility benchmarks normalize from financial crisis highs, but VIX term structure suggests investor uncertainty still hangs around extremes.

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FTSE 100 Forecast Ahead of the Bank of England Rate Decision

The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.

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Chinese Yuan (CNH) Poses Risks to AUD/USD & NZD/USD - Cross Asset Correlation

US steps up hawkish rhetoric towards China highlighting the rising US election risk. Chinese Yuan to become increasingly in focus.

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US Dollar Rises as ISM NMI Drops to 2009 Low

The ISM NMI dropped to a 2009 low for this past April. Despite the troubling economic data print, the US Dollar pushed higher after the report crossed the wires.

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EUR/GBP Slides Through Initial Support as Euro Worries Mount

EUR/GBP is setting up to test 0.8700 on a combination of Euro weakness and Sterling strength. Important support nears and will have to stand firm to prop up the ailing pair.

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EUR/USD, USD/CAD Charts & Technical Outlook, and More

The Euro remains heavy as it trades around a very long-term technical threshold, USD/CAD remains firm as it digests Q1 rally.

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EUR/USD Hit as Germany Rules That ECB Actions are Against EU Treaty

German Judges dismisses complaints against ECB QE, however, rules that some actions are against EU Treaty.

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Gold Price Struggles as Risk Assets Begin to Shine, Trading Range Tightens

The price of gold is back under $1,700/oz. as markets switch their attention to riskier asset classes. A bid for gold however remains as central banks keep pumping cash into the system.

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