US Dollar Edges Lower as Consumer Confidence Smashes Forecast

The US Dollar is starting to surrender gains notched early during Tuesday's trading session in response to increasingly optimistic consumer confidence data as markets await Fed Chair Powell and Tre...

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S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

Momentum weakens for S&P 500 , Nasdaq 100. Watch out for rebalancing flows, while US COVID concerns rise.

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Market Sentiment: Strong China PMI Fails to Lift AUD/USD, EUR/USD, GBP/USD | Webinar

A strong manufacturing PMI number for China in June has failed to lift trading sentiment, suggesting some underlying weakness in ‘risk-on’ currencies and stocks.

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Gold Price Latest - Rally Running Out of Steam, Supportive Trend Needs to Hold

The recent gold rally is coming under threat as the precious metal struggles to move higher after hitting a near-eight year peak last week.

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British Pound (GBP) Latest: GBP/USD Outlook Still Bleak, FTSE Sliding Too

GBP/USD continues to trend lower, suggesting more losses to come, while the FTSE 100 stock index is still failing to rally.

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USD/JPY Eyes 200-MA, S&P 500 Descending Triangle in Play

USD/JPY eyes the 200-day moving average, S&P 500 forms Descending Triangle at key resistance as US-China tensions escalate.

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Gold Prices at Risk as Crude Oil Awaits Canada GDP Data

Gold prices could be at risk to a turn lower following the emergence of a Doji candle. Crude oil prices may rise as Canada GDP data perhaps supports global growth recovery bets.

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EUR/USD Rate Forecast: RSI to Validate Bull Flag Formation

The Relative Strength Index (RSI) may validate the bull flag formation in EUR/USD if the oscillator continues to track the bullish trend from earlier this year.

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GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks

The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.

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ASX 200 Perched at Support as Iron Ore Price Pulls Back

ASX 200 underperformance against its major counterparts may continue as falling iron ore prices and a surge in local coronavirus cases potentially cap further upside.

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Australian Dollar, S&P 500 Gain on Upbeat China PMI. Resistance Next?

The Australian Dollar and S&P 500 futures rose after upbeat Chinese PMI data crossed the wires. Will this help reinvigorate risk appetite further and resume the AUD/USD uptrend?

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Dow Jones to Lead Asia's Rebound, Nikkei 225 Eyes Resistance

Wall Street equities had a decent rebound last night, setting an upbeat tone for Asia’s opening. Traders are eyeing a string of PMI readings from China for clues into Asia’s recovery.

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USD/CAD Reversal from March Low in Focus as RSI Breaks Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to evolve in July as the RSI breaks out of the bearish trend carried over from the previous month.

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AUD/JPY May Bloom if Chinese PMI Data Kindles Risk Appetite

The Australian Dollar may rise if Chinese PMI data for June rekindles risk appetite and reinforces the bullish narrative that economic stabilization may soon give way to a recovery.

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US Dollar Hinges on Consumer Confidence as Virus Cases Climb

The US Dollar traded mixed on Monday ahead of a jam-packed economic calendar as the world reserve currency searches for direction amid conflicting fundamental undercurrents like bulging liquidity a...

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Nasdaq 100, Crude Oil and EURAUD Stage Head-and-Shoulders Patterns

Head-and-shoulders patterns are one of the most popular chart formations among retail traders, but just because the structure is in place doesn’t mean a reversal is imminent. I look at the potentia...

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DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?

The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?

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S&P 500 Price Outlook: VIX ‘Fear-Gauge’ Falls as Oil Rises

A risk-on tone has prevailed after stocks stumbled around the Wall Street opening bell. Market bulls continue to defend the 3,000-price level on the S&P 500 Index as crude oil climbs and the VIX 'f...

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USD Price Outlook: US Dollar Threatens Range Break, Big Week Ahead

The US Dollar has built in to a range; but the final days of Q2 bring a busy economic calendar, and this may provide motive for future USD trends.

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Weekly Crude Oil Technical Forecast: Losing Momentum

As coronavirus pandemic fears resurface – did they ever subside? – assets that track global growth conditions have started to pullback.

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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Rising Virus Cases

The Dow Jones and the S&P 500 ended this past week in a position to perhaps set up a recovery for anti-risk assets like the US Dollar and Japanese Yen. Gold is appearing to breakout higher as finan...

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

Sterling remains on the back foot and is touching a fresh one-month low against the US dollar. If support fails to hold, GBP/USD could fade further with little in the way of any technical support b...

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British Pound (GBP) Latest: Brexit Trade Talks, Government Spending Plans

Trade talks between the EU and UK will continue this week, while UK PM Boris Johnson is expected to announce a major spending plan on Tuesday to help re-boot the ailing economy.

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DAX Perched at Support, EUR/USD Confined by Bull Flag Formation

EUR/USD looks poised for a potential breakout, while Germany’s DAX 30 is perched at pivotal support as global coronavirus deaths surpass 500,000.

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Gold Price Outlook: Bullish Behavior May Persist Ahead of FOMC Minutes

The price of gold may continue to exhibit a bullish behavior ahead of the FOMC Minutes as the reversal from the May low ($1670) appears to be gathering pace.

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US Dollar Could Rise Versus ASEAN FX as Coronavirus Overshadows Data

The US Dollar could rise as prospects of lockdown reversals as coronavirus cases overshadow upbeat economic data. What else is ahead for USD/SGD, USD/PHP, USD/IDR and USD/MYR?

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GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks

The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.

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Japanese Yen Outlook: AUD/JPY Dictated by Coronavirus Volatility

Haven demand has fueled the recent strength in the Japanese Yen as coronavirus cases continue to climb while trade tensions escalate.

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Hang Seng Index, US Equity Futures at Risk as Covid-19 Cases Surge

APAC stocks may fall at the open after Wall Street trade ended a downbeat note last Friday. Surging virus cases around are world reinforcing the fear of another Covid-19 wave.

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NZD/USD Consolidation Generates Drop in Net-Short Interest

The range bound price action in NZD/USD appears to be generating profit-taking behavior as the IG Client Sentiment report reveals a drop in net-short interest.

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S&P 500, Crude Oil Prices, Energy ETFs: Relations and Correlations

The outlook for the S&P 500 seems to have become more important than the price of crude oil for some energy sector ETFs. Will this dynamic last and what are the risks ahead?

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Canadian Dollar Trading: US Economic Growth Takes Center Stage

A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.

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AUD, APAC Stocks May Extend Losses on Growing Covid-19 Cases

AUD and Asia-Pacific stock markets may extend their losses versus the haven-linked US Dollar as growing Covid-19 cases continues to spoil risk appetite.

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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Rising Virus Cases

The Dow Jones and the S&P 500 ended this past week in a position to perhaps set up a recovery for anti-risk assets like the US Dollar and Japanese Yen. Gold is appearing to breakout higher as finan...

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

Global equity markets at risk from rising coronavirus cases. UK assets remain unloved over Brexit

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USD/MXN Outlook: Banxico Steps in but Risk Sentiment Continues as Main Driver

As new virus cases increase at an undesirable rate worldwide, risk-on assets like the Peso continue to be at the mercy of risk sentiment

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Euro Forecast: Choppy Trading Likely in EUR/USD on Quarter-End Flows

The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro crosses.

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Gold Price May Ride the Tailwind of Virus Uncertainty, Soft US Dollar

Gold prices may rise as global virus uncertainty boosts demand for safety. US Dollar weakness amid accommodative central bank policy could provide added support.

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US Dollar May Rise: Non-Farm Payrolls, Jobless Claims, FOMC Minutes Eyed

The US Dollar may rise as initial jobless claims stabilize at historically elevated levels. Non-farm payrolls may surprise higher, but FOMC minutes could sink the S&P 500 and boost USD.

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Crude Oil Prices May Fall on Rising Virus Cases. Growth Outlook at Risk?

Crude oil prices may come under pressure as the number of Covid-19 cases in the world’s largest economy continue to surge and threaten to derail the already-dented growth outlook.

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Australian Dollar Outlook Bearish as Coronavirus Cases Spike

The Australian Dollar may come under increasing downside pressure as local coronavirus cases spike and tensions with China escalate.

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

Cable has a clean chart to work with, along with a few of the JPY cross-rates (AUD/JPY in focus).

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Crude Oil Prices May Fall as a Double Top Takes Shape

Crude oil prices look to be carving out a double top below the $44/bbl figure, hinting that a downturn is ahead. Gold prices ‘ scope for gains capped by US Dollar.

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British Pound Latest (GBP) - GBP/USD Coiling for a Breakout

GBP/USD bracing for another round of intensive negotiations between the UK and EU, while concerns mount over US tariffs.

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GBP/USD, S&P 500 Stall as Coronavirus Concerns Eat at Market Sentiment

The S&P 500 stock index stalled alongside GBP/USD as coronavirus cases surged, boosting haven USD demand. Germany's DAX 30 bounced as the ECB announced a new lending facility.

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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S&P 500, Crude Oil Prices, Energy ETFs: Relations and Correlations

The S&P 500 outlook seems to have become more important for certain energy sector ETFs rather than the price of crude oil. Will this dynamic last and what are the risks ahead?

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Hang Seng Eyes Resistance, Stocks May Wobble on Virus Woes, US-HK Bill

APAC stocks may rise after equities rose on Wall Street. Still, virus concerns and a newly approved US sanction bill over Hong Kong’s autonomy will likely weigh on sentiment.

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Gold Price Forecast: 2012 High Back on Radar, RSI Eyes Overbought Zone

Gold prices have traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist as the RSI approaches overbought territory.

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AUD, NZD May Cautiously Extend Gains Despite Rising Virus Cases

The Australian and New Zealand Dollars may rise in Asia, but their ascent may be curbed by growing fear of rising coronavirus cases in the world’s largest economy.

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Fed Stress Test: Bank Stocks Trim Gains on Dividend Restrictions

The Federal Reserve concludes that banks will come under stress, but remain sufficiently capitalized amid various scenarios that model possible COVID-19 economic outcomes, but places some restricti...

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Canadian Dollar Forecast: USD/CAD, CAD/JPY & NZD/CAD Levels

USD/CAD, CAD/JPY and NZD/CAD have recently begun to consolidate near support as each pair negotiates various themes and considerations. Here are the key levels to watch.

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Mexican Peso: USDMXN Rises on Bank of Mexico Rate Cut

Mexican Peso price action drifted lower following the country's central bank cutting its overnight rate by 50 basis points, as expected.

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US Dollar Price Outlook: USD Awaits a Big Week on the Econ Calendar

The US Dollar took on a bearish tone earlier this week; but soon found support and began to bounce. The next week is busy on the economic calendar for the USD.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: Stocks Pulled Higher by Tech

The Nasdaq 100 pressed to record heights this week as just a handful of big technology stocks continue to drag the rest of the market higher. Is this sustainable?

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Dollar vs Mexican Peso Price Outlook: USD/MXN Rally Testing June High

The US Dollar is attempting a third weekly rally vs Mexican Peso with USD/MXN now testing the monthly highs. Here are the levels that matter on the technical charts.

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Gold Price Outlook: Real US Rates Matter More than US Dollar for Gold

Gold prices hover around a near 8yr high, however, the US Dollar has not been the main driver.

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Gold Prices at Risk as Covid-19 Case Growth Rise Lifts US Dollar

Gold prices fell with stocks as the US Dollar gains amid worries about a pickup in Covid-19 case growth. The chart setup warns deeper losses may be ahead.

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British Pound (GBP) Latest: GBP/USD and FTSE 100 Under Pressure Again

Both GBP/USD and the FTSE 100 index are slipping lower on concerns about a surge in coronavirus cases in the US and the biggest one-day rise in infections in two months in Australia.

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EUR/USD, GBP/USD Rates at the Mercy of US Trade Talks

EUR/USD and GBP/USD may continue to slide as US-EU trade tension fuels risk aversion.

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Euro at the Mercy of US-EU Trade Tensions Again. US Dollar to Rise?

The Euro may find itself again surrendering to the US Dollar as renewed EU-US trade tensions threaten to imperil European growth prospects at a time of unprecedented vulnerability.

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EUR/USD Levels to Watch as Bull Flag Formation Takes Shape

EUR/USD pulls back from the weekly high (1.1349), but a bull flag formation may unfold over the coming days as the RSI preserves the bullish trend from March.

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Japanese Yen Outlook: AUD/JPY May Drop on Geopolitical, Virus Risks

AUD/JPY’s slide may intensify as US-EU trade tensions and the continued rise in global coronavirus cases fuels risk aversion.

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Asia-Pacific Stocks Set to Fall on Virus Concern; Crude Oil Prices Tumble

Stocks across the Asia-Pacific may fall sharply after a bloodbath trading session on Wall Street, as virus concerns contained risk appetite. Crude oil prices tumbled over 5%.

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NZD/USD Rate Vulnerable Following RBNZ as RSI Snaps Bullish Formation

NZD/USD may continue to give back the advance from the start of the month as the Relative Strength Index (RSI) snaps the upward trend carried over from March.

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AUD, APAC Stocks at Risk on US-EU Trade Tensions, Rising Virus Cases

The Australian Dollar and Asia-Pacific stock markets may be at risk to a selloff contagion during Wall Street trade amid mounting geopolitical tensions and rising Covid-19 cases.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: Stocks Pulled Higher by Tech

The Nasdaq 100 pressed to record heights this week as just a handful of big technology stocks continue to drag the rest of the market higher. Is this sustainable?

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Gold Price Eyes Jobless Claims Data as New Virus Cases Spike

Gold shows bullish breakout potential as the precious metal tops the $1,760-price level and sets its sights on eight-year highs amid exceptionally high unemployment and spiking coronavirus cases.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY & NZD/CAD Levels

USD/CAD, CAD/JPY and NZD/CAD have recently begun to consolidate near support as each pair negotiates various themes and considerations. Here are the key levels to watch.

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NZD/USD Price Outlook: RBNZ Jawbones New Zealand Dollar Lower

The New Zealand Dollar takes a nosedive owing to increasingly dovish monetary policy outlook from the RBNZ with weakness in spot NZD/USD exacerbated by the market's latest risk-off mood.

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US Dollar Ticks Higher on Downgraded IMF Global Growth Forecast

US Dollar price action is ticking higher following the downgraded IMF global growth forecast, revealing a deeper downturn for 2020 and more sluggish recovery for 2021

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Dow, S&P Continue Consolidation; Nasdaq Tests Higher-Low Support

Despite a global pandemic and an unprecedented sucker punch to global growth, the Nasdaq has continued up to another fresh all-time-high.

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Crude Oil, DAX & Silver: Index & Commodity Charts

Oil is coming off a big area of resistance, could weaken further, the DAX could weaken but remains in a bullish channel for now, silver trying to break out.

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US Dollar, S&P 500, NZD/USD Analysis - Cross Asset Correlation

Elevated correlation between equity and currency markets makes risk sentiment the dominant driver.

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Crude Oil Prices May Fall as Market Mood Turns Sour

Crude oil prices may fall as the mood across global financial markets turns sour, helping to make good on emerging signs of bearish technical cues.

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US Dollar vs Mexican Peso: USD/MXN Building A Breakout Pattern, Rate Decision Eyed

USD/MXN is currently mixing lower highs and higher lows on the daily chart and the pair look likely to break this narrowing range shortly.

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British Pound (GBP) Latest: GBP/USD Upward Momentum Fading, FTSE Falling

The advance in GBP/USD so far this week seems to be stalling and the FTSE 100 index is easing in markets dominated by uncertainty over whether now is the right time to ease lockdowns.

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Euro Eyes Resistance Amid EUR/CHF Recovery

EUR/USD surges to test familiar resistance as EUR/CHF price action suggests further upside for risk assets

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How AUD & NZD Exchange Rates Are Impacted by China’s Economy

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Gold Price Extends Bullish Behavior in June to Mark Fresh 2020 High

The price of gold extends the bullish behavior from earlier this year as the precious metal trades to a fresh 2020 high ($1774) in June.

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New Zealand Dollar Dips Lower on Dovish RBNZ Forward Guidance

The New Zealand Dollar dipped lower as the RBNZ remains “prepared to provide additional stimulus as necessary”.

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Hang Seng Index Challenges Key Resistance, Gold Prices Climb

The Hang Seng Index stock market benchmark is set to challenge a key resistance level at 25,000. The Singapore’s Straits Times Index consolidates on election news. Gold climbs.

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USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to unravel as the RSI fails to break out of the bearish formation carried over from the previous month.

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NZD May Rise on RBNZ Rate Decision Amid Signs of Global Stabilization

The New Zealand Dollar’s rise may be amplified by the RBNZ rate decision as signs of stabilization in the global economy alleviate the need for ultra-aggressive monetary measures.

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Australian Dollar Forecast: AUD/USD Ignores White House Whiplash

The Australian Dollar edged higher by about 20-pips, or 0.3%, against its anti-risk USD peer on Tuesday despite another reminder of elevated US-China trade tension and uncertainty that lingers.

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Crude Oil Price Outlook: WTI Edges Above Recent High, Will it Break Out?

As growth-sensitive assets continue to show signs of strength, crude oil has moved above a recent high which could pave the way for an eventual break higher. Still, risks to the rally remain.

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US Recession Watch, June 2020 - The Deceitful US Yield Curve

Ongoing stimulus efforts by the Federal Reserve to head off the economic fallout from the coronavirus pandemic have implicitly tamped down the US Treasury yield curve.

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Canadian Dollar Price Outlook: USD/CAD Range Support, Trend on Pause

The US Dollar has been very weak over the past couple of days, but USD/CAD is holding the hard line of support, at least for now.

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US Dollar Outlook: DXY Index Decline Pauses on Markit PMI Data

US Dollar downside has accelerated into Tuesday’s trading session, but the broader DXY Index attempts to stabilize after better-than-expected US PMI data just released by IHS Markit.

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EUR/USD, GBP/USD, AUD/USD Sentiment Boosted by PMIs | Webinar

Market sentiment towards stocks and the “risk on” currencies such as EUR, GBP and AUD has been lifted by the latest purchasing managers’ indexes suggesting a global economic recovery is beginning.

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GBP/USD, GBP/JPY, DXY Charts & More

The GBP versus the USD, JPY look vulnerable, especially the former; USD though in general via the DXY could be on its backfoot near-term.

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DAX 30, Euro Stoxx 50 Outlook: Looking for Post Crash Peak

DAX 30 soars on Eurozone PMIs, while Euro Stoxx 50 faces key hurdle.

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British Pound (GBP) Latest: GBP/USD Bullish After Positive UK PMIs

UK purchasing managers’ indexes for June came in higher than expected, with the manufacturing PMI above the 50 mark separating expansion from contraction, improving the GBP/USD outlook.

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EUR/USD Rally Continues as Positive Euro-Zone PMI Data Provides a Boost

EUR/USD continues Monday’s sharp pull-back after the latest Euro-Zone PMI data beat suggested a sharp pick-up in economic activity in the single-block, although fears remain.

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US Dollar May Decline as Demand for Federal Reserve Swaps Collapses

The US Dollar may continue to slide as the $74 billion contraction of the Federal Reserve’s balance sheet highlights falling demand for USD.

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Gold and Crude Oil Prices Break Higher but Reversal Signs Linger

Gold and crude oil prices are exhibiting bearish technical warning signs, perhaps undermining recent upside breakouts. What is in store for these assets over the next 24 hours?

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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Copper, Silver Poised to Move Higher as Market Dismisses Virus Concerns

Copper and Silver could continue to push higher should risk aversion remain suppressed, as market participants dismiss second-wave coronavirus concerns.

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EUR/USD Bull Flag Formation in Focus as RSI Tracks Bullish Trend

A bull flag formation may unfold in EUR/USD as the Relative Strength Index (RSI) preserves the bullish formation from March.

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Dow Jones, S&P 500, AUD/USD: Trade Wars Still Matter, Navarro’s 180

The Dow Jones, S&P 500 and AUD/USD initially tumbled on fears of a US-China trade deal breakdown. But then, a 180 from Trade Adviser Peter Navarro quelled market volatility for now.

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FTSE China A50 Gains With Crude Oil, Gold Prices Attempt Breakout

Asia-Pacific stocks are set to open higher following a decent rebound in US indices overnight as crude oil prices climbed to a three-month high. Gold prices attempt to break out above an ‘Ascending...

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NZD/USD Rate Outlook Hinges on RBNZ Forward Guidance

The RBNZ interest rate decision may sway the near-term outlook for NZD/USD as the central bank stands ready “to deploy further tools as needed.”

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AUD/USD, APAC Stocks May Rise. Will Geopolitics Undercut Gains?

The Australian Dollar may rise with Asia-Pacific stock markets after a rosy session during Wall Street trade, but brewing geopolitical stress in the region may pressure cycle-sensitive assets.

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ASX 200 & Nikkei 225 Forecasts for the Week

The ASX 200 and Nikkei 225 have recovered nicely from their March lows, but gains have slowed in recent days as sentiment appears increasingly fragile which has left the two indices at risk of reve...

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S&P 500 Price Outlook: Stocks Jump, US Dollar & VIX Peel Back

Stocks marched steadily higher throughout Monday’s trading session after futures opened noticeably in the red. The S&P 500 gained nearly 0.7% as the VIX ‘fear-gauge’ and US Dollar dropped.

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Australian Dollar Forecast: AUD/USD Price Stalls Near 2020 Peak

The Australian Dollar has recovered the entirety of the declines suffered during the coronavirus-selloff, but has since stalled near its 2020 peak. As sentiment swings, AUD/USD awaits a bullish con...

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USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

USD/CAD price gets pressured lower to start the trading week as crude oil attempts to extend its recovery despite looming coronavirus second wave risk. Where is the Canadian Dollar headed next?

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Macro Matters: USD Rising Wedge - Gold, Oil Flirt with Breakouts

As the US Dollar shows breakdown potential, both Gold and Oil prices look to be set up for possible bullish breakouts.

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Weekly Crude Oil Forecast: Draining Storages Buoy Prices

Despite signs that the global economy’s recovery will be slower than previously anticipated, crude oil prices continue to rise on the back of dwindling supplies.

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Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

Have financial markets avoided a resurgence in volatility? The road ahead for the S&P 500 and Dow Jones is clouded by rising virus cases. What will it take to break gold out of range-bound trade? T...

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

Sterling is struggling to regain Friday’s sharp losses and currently trades in a narrow band against a range of currencies. There is little data of note to excite or depress the British Pound this ...

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British Pound (GBP) Latest: GBP/USD Slowly Moving Higher After Friday's Sell-Off

Sterling is trying to move off its three-week low against the US dollar but any upside looks limited without a fresh driver. Talk that the UK may soon relax the 2-metre rule may help to stabilize t...

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Euro Perched at Key Support as US Dollar Looks to Make a Comeback

EUR perched at key support as the USD benefits from risk aversion. Could contraction in the Fed’s balance sheet fuel further downside for EUR/USD?

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Crude Oil Prices Up with Stocks But Covid-19 Fears May Cap Gains

Crude oil prices are threatening monthly highs as market sentiment recovers but fears of another large wave of Covid-19 cases may limit scope for gains.

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Gold Price Approaches 2020 High as Fed Balance Sheet Contracts

The price of gold approaches the yearly high ($1765) as the Federal Reserve’s balance sheet contracts for the first time since the outbreak of COVID-19.

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APAC Stocks Walk a Tightrope as Investors Eye Virus Resurgence

Asia-Pacific stocks rebounded after opening the week on a sour note but rising concerns about a second virial wave in the US threatens the prospect of an economic recovery and risk sentiment.

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US Dollar Outlook Eyes Virus Spikes: USD/SGD, USD/IDR, USD/PHP, USD/MYR

The US Dollar could appreciate as investors fear rising cases of the coronavirus. Will this propel USD/SGD, USD/IDR, USD/PHP and USD/MYR higher on average?

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AUD/USD Rate Rebounds Even as RBA Jawbones Australian Dollar

AUD/USD fills the gap from the start of the week even though Reserve Bank of Australia (RBA) Governor Philip Lowe jawbones the Australian Dollar.

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New Zealand Dollar Struggles Continue as RBNZ Comes Into Focus

The New Zealand Dollar is at risk of breaking down against its major counterparts as investors look forward to the upcoming RBNZ meeting.

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Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

Have financial markets avoided a resurgence in volatility? The road ahead for the S&P 500 and Dow Jones is clouded by rising virus cases. What will it take to break gold out of range-bound trade? T...

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Nasdaq 100, DAX 30 & FTSE 100 Forecasts for the Week

Stocks have stalled near their recent peaks as market participants wrestle with accommodative monetary policy and the threat of a second coronavirus wave. Can stocks continue higher?

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USD/MXN Outlook: Recent Correction Makes the Peso Attractive

As markets continue to monitor Covid-19 cases, the Mexican Peso is able to contain some of the losses

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Euro Forecast: Outlook for EUR/USD Negative on Second Wave Fears

Fears of a second wave of coronavirus infections as countries ease their lockdown measures will likely keep investors cautious in the week ahead, damaging sentiment towards currencies such as the E...

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Gold Price Outlook, What Can Break the Trading Range?

Gold prices have been struggling to find direction - why? Will a shockwave that sinks the Dow Jones and S&P 500 make itself known? That is a key risk for XAU/USD.

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US Dollar Resurgence May Continue As Fed Balance Sheet Contracts

The US Dollar may continue its recent recovery as the Federal Reserve’s balance sheet contracts $74 billion in the week ending June 17.

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Australian Dollar Outlook Bearish on Concerns of Second Covid-19 Outbreak

AUD may come under pressure in the week ahead as fear of a second-wave of Covid-19 rattles financial markets amid growing China-Australia geopolitical tensions.

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DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

The DAX 30 and CAC 40 have bounced between two nearby Fibonacci levels as both indices struggle to establish a trend, but the levels may provide range trading opportunities.

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USD/MXN, MXN/JPY – Peso Poised for More Selling vs Dollar, Yen

The Mexican peso is weakening again, and if a couple of levels are broken that trend could further itself along soon.

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USD, GBP/USD & More – Charts For Next Week

The Dollar is trying to firm up, and against Cable it has done so quite aggressively in recent sessions; a look at USD, GBP/USD charts, and others.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

RBA beginning to talk down AUD/USD, raising risk of a larger pullback.

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Gold Price Forecast - A Breakout Pattern Continues to Build

A series of short-term lower highs is supporting the price of gold this week and a continuation of this pattern would likely see the precious metal make a fresh attempt at a multi-week high.

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Gold Prices Edge Up as US-China Trade War Cools, Fed-Speak Eyed

Gold prices edged up as signs of cooling US-China trade war tensions drove the haven US Dollar lower. A round of speeches from Fed officials is due next.

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British Pound (GBP) Latest: GBP/USD Treading on Support, UK Retail Sales Beat Lowly Expectations

UK retail sales picked-up in May, according to the latest ONS data, but remain sharply lower on an annual basis. Sterling has found a small bid and needs to consolidate going into the weekend.

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EUR/USD May Break Down Despite Record 1.3 Trillion in ECB Cash

EUR/USD may break down despite a record 1.3 trillion ECB cash injection as technical studies suggest a push lower through temporary chart support may be on the cards.

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Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

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US Dollar May Rise Versus Rupiah, Bank of Indonesia Could Intervene

The US Dollar could still rise against the Indonesian Rupiah if a second wave of the coronavirus boosts USD/IDR. Expect aggressive efforts from the Bank of Indonesia to intervene.

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AUD/JPY Slide Continues, ASX 200 Rally Stalls as Unemployment Surges

AUD/JPY continues its slide, whilst the sting was taken out of the ASX 200’s recent rally, as unemployment rate surges to 19-year high.

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NZD/USD RSI Approaches Trendline Support Ahead of RBNZ Meeting

NZD/USD may struggle to hold its ground ahead of the RBNZ meeting on June 24 as the RSI appears to be on track to threaten the bullish formation from March.

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USD Up After BoE, Jobless Claims. AUD May Fall on China-Hong Kong Risks

The US Dollar rose after the Bank of England rate decision and jobless claims data. AUD/USD’s fall may accelerate if Hong Kong geopolitical tensions compound risk aversion.

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Australian Dollar Forecast: AUD/USD Price Stalls Near 2020 Peak

The Australian Dollar has recovered the entirety of the declines suffered during the coronavirus-selloff, but has since stalled near its 2020 peak. As sentiment swings, AUD/USD awaits a bullish con...

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EUR Technical Analysis: Euro Supported, EUR/USD Builds Falling Wedge

Euro strength has been on its back foot since last week's FOMC meeting. Can bulls come into defend a key zone of support in EUR/USD?

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US Recession Watch, June 2020 - The Deceitful US Yield Curve

Ongoing stimulus efforts by the Federal Reserve to head off the economic fallout from the coronavirus pandemic have implicitly tamped down the US Treasury yield curve.

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DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

The DAX 30 and CAC 40 have bounced between two nearby Fibonacci levels as both indices struggle to establish a trend, but the levels may provide range trading opportunities.

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US Dollar Stages Rebound as VIX ‘Fear-Gauge’ Climbs, Dow Slumps

The US Dollar continues to show encouraging signs that a potential bottoming attempt might be in play as the VIX Index, or Wall Street fear-gauge, starts to edge higher while stocks lose upward mom...

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Bank of England Boosts QE by GBP100bn, GBP/USD Spikes Higher Then Calms

The Bank of England left interest rates unchanged at 0.1%, by a unanimous vote, and increased its QE program by another GBP100 billion and suggested that risky assets prices have recovered further ...

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FTSE 100 Outlook: BoE to Provide Liquidty Boost in QE Package

Bank of England to provide fresh liquidity injection with a greater risk of a larger than expected QE package.

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British Pound (GBP) Latest: Next GBP/USD Move Depends on Bank of England

Traders in GBP/USD and other Sterling assets should watch the Bank of England closely this session. More QE is expected, and the rise in asset purchases could be larger than the consensus forecast.

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GBP/USD Treading Water as Investors Eye BoE Rate Decision

GBP/USD is in danger of breaking down as focus turns to the Bank of England (BoE) interest rate decision.

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EUR/USD Rate Struggles Ahead of EU Meeting on European Recovery Fund

EUR/USD dips to a freshly weekly low ahead of the EU meeting on June 19, with the agenda focused on “establishing a recovery fund to respond to the COVID-19 crisis.”

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AUD/USD Plunges as Australia Unemployment Rate Jumps to 19-Year High

The Australian Dollar plunged as the local economy shed 227,000 jobs and the unemployment rate rose to a 19-year high of 7.1%.

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Indian Rupee Eyes China-India Border Dispute, Nifty 50 at Risk

The Indian Rupee eyes escalating China-India tensions along a disputed border. USD/INRcleared key resistance, opening the door to further gains. Will the Nifty 50 fall?

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USD/CAD Reversal from March Low Still in Focus Following BoC Testimony

The limited reaction to the Bank of Canada (BoC) testimony raises the scope for a larger correction in USD/CAD as the exchange rate reverses at the March low (1.3315).

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NZD Falls on GDP Data, Australian Dollar Braces for Key Jobs Report

The New Zealand Dollar fell after local GDP data underwhelmed Looking ahead, AUD is bracing for a key domestic jobs report – will the statistics cause selling pressure to swell?

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Nasdaq 100 Forecast for the Week: Technical Patterns Weakened

A surge in volatility has worked to erode a crucial technical pattern after price broke above and below the confines of an ascending channel. Is the damage a sign of rising instability?

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Dow Jones, S&P 500 Price Outlook Hinge on Jobless Claims Data Due

The Dow Jones and S&P 500 stumbled ahead of Thursday’s trading session as investor appetite for risk stalls with weekly jobless claims data due for release. What’s the stock market’s next move?

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Gold Price Outlook: Gold Holds Below Key Resistance, Range Remains

Despite the fireworks in equities Gold prices have remained fairly calm over the past couple of months. Is that set to soon change?

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US Dollar Stages Rebound as VIX ‘Fear-Gauge’ Climbs, Dow Slumps

The US Dollar continues to show encouraging signs that a potential bottoming attempt might be in play as the VIX Index, or Wall Street fear-gauge, starts to edge higher while stocks lose upward mom...

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EUR/USD, EUR/JPY Rallies Infeebled by Virus Headlines - Key Levels

Resurgent fears of a new coronavirus wave have kneecapped the Euro.

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S&P 500, Nasdaq 100, Silver & More: Index & Commodity Charts

The stock market is bouncing from support, but still determining whether a pullback or if more weakness to come; silver trying to lift from support.

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Canadian Dollar Outlook: USD/CAD Probing 200-DMA Support Again

USD/CAD is testing support off the 200-day moving average, an indicator that has underpinned the pair over the last 14 weeks. A clean break below could see USD/CAD losses mount.

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DAX 30 Outlook: Stimulus Outweighs China Second Wave Risks For Now

Central bank largesse sees risk appetite supported, despite rising geopolitical and second wave virus concerns.

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British Pound (GBP) Latest: GBP/USD Steady Ahead of Bank of England Meeting

GBP/USD is stable despite news of a fall in UK inflation to a four-year low and will likely tread water ahead of the Bank of England’s latest monetary policy decisions due Thursday.

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GBP/JPY Eyes Monthly Low as COVID-19 Concerns Fuel Risk Aversion

GBP/JPY may continue to retreat from post-crisis highs, as second wave concerns and China-India tensions fuel risk aversion.

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Gold Price Holds Steady as Fed Pledges to Purchase at ‘Current Pace’

Current market conditions may keep the price of gold afloat as Fed Chairman Jerome Powell pledges to increase the central bank balance sheet over the coming months.

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Indian Rupee Eyes China-India Border Dispute, Nifty 50 at Risk

The Indian Rupee eyes escalating China-India tensions along a disputed border. USD/INRcleared key resistance, opening the door to further gains. Will the Nifty 50 fall?

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Crude Oil Price Rise Capped By Fed's Powell, Chart Warns of Topping

Crude oil prices backtracked as Fed Chair Jerome Powell cooled hopes for a near-term expansion of the US central bank’s stimulus menu. More of the same may be ahead.

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Nikkei 225 and ASX 200 Break Uptrends, HSI Reverses At Resistance

The return of risk aversion has seen the ASX 200 and Nikkei 225 slice through their respective 12-week uptrends, as Hong Kong's Hang Seng Index falls just shy of the 200-day moving average.

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AUD/USD Rate to Face Another Sharp Decline in Australia Employment

The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.

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USD Rose on Powell Speech & May Extend Gains on Asian Political Risks

The US Dollar may extend its gains into APAC trade after being catapulted by Powell’s testimony. Regional geopolitical tensions could accelerate AUD/USD’s selloff.

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Euro Stoxx 50 Forecast: Bulls Aim Higher on Improving Global Risk Appetite

The Euro Stoxx 50 index aims to take out a recent multi-month high as bulls look to take advantage of recent momentum afforded by a resurgence in global risk appetite

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Nasdaq 100 Forecast for the Week: Technical Patterns Weakened

A surge in volatility has worked to erode a crucial technical pattern after price broke above and below the confines of an ascending channel. Is the damage a sign of rising instability?

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Canadian Dollar Price Outlook: USD/CAD Bucks Trend, Can Bulls Drive?

USD/CAD has mirrored USD-themes well over the past couple of months and a recent breakdown in the pair remains in full view with possibly more to go.

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Dow Jones Index Trims Gains as Fed Chair Powell Briefs Congress

Dow Jones index strength stepped back as Fed Chair Powell delivered his semi-annual address to congress Tuesday morning

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S&P 500, AUD/USD Drops as China Raises Coronavirus Threat Level

Second wave concerns rise as China raises Coronavirus threat level and plan school closures from tomorrow.

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Central Bank Watch: RBA, RBNZ, & BOC Interest Rate Expectations

As the global economy inches towards recovery, the commodity currencies have enjoyed significant gains. Are we out of the woods?

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Market Sentiment Data Bullish for USD, JPY, CHF | Webinar

IG client sentiment data are pointing to a flow of funds out of riskier assets towards safe havens such as the US Dollar, the Japanese Yen and the Swiss Franc.

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EUR/USD, USD Index, Gold Charts & More

The Euro is at an important spot here, DXY at support, while gold continues a nice consolidation sequence.

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EUR/USD Trendless as Markets Wait for Fed Chair Jerome Powell's Semi-Annual Testimony

EUR/USD is treading water ahead of the latest look at US consumer spending and Fed chair Jerome Powell’s testimony to Congress.

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Gold Prices May Fall as Fed Chair Powell Testifies in Congress

Gold prices may fall if Federal Reserve Chair Jerome Powell strikes an ominous tone with his semi-annual testimony in the Senate, triggering liquidation.

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FTSE MIB, IBEX 35 Outlook: Recovery Facing Upcoming Hurdles

FTSE MIB and IBEX 35 rebound from last week’s sell-off, however, upside challenges remain.

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British Pound (GBP) Latest: GBP/USD Trend Higher Continues After Jobs Data

GBP/USD continues to claw back the losses of late last week despite UK labor market data showing a larger than expected rise in the claimant count measure of unemployment last month.

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EUR/USD Rally In Danger Despite Fresh Stimulus Injection

Risk assets surged early in Asia-Pacific trade as Trump administration weighs $1 trillion infrastructure package. EUR/USD at risk of reversal at key resistance.

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US Dollar May Rise with Volatility: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar may be readying for a comeback against ASEAN currencies like the Singapore Dollar and Malaysian Ringgit as volatility risk rises. The IDR faces the Bank of Indonesia.

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Silver Prices & Copper at Key Cross Section Ahead of Powell Testimony

Silver and copper prices are trading at critical technical intersections – how might Fed Chairman Jerome Powell’s congressional testimonies affect their respective trajectories?

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AUD/USD Unfazed by RBA Minutes with Employment Report on Tap

The Australian Dollar remained roughly unchanged after the RBA meeting minutes release as an increase in ABS weekly payroll figures led to a surge in the ASX 200.

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USD/CAD Rebound Unravels as Fed Prepares to Purchase Corporate Bonds

USD/CAD pulls back from the weekly high (1.3686) as the Fed announces that the Secondary Market Corporate Credit Facility (SMCCF) will “create a corporate bond portfolio.”

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USD/JPY Rate Outlook Hinges on BoJ Forward Guidance

Forward guidance from the Bank of Japan could determine the fate of the risk-associated USD/JPY, as the central bank is expected to maintain its current monetary policy settings.

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S&P 500 Rejoiced on Fed Buying Corporate Bonds. AUD Eyeing RBA Minutes

The US Dollar fell and US equity markets rejoiced after the Fed announced it was going to purchase individual corporate bonds. AUD/USD rose, but the RBA meeting minutes could curb its rise.

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USD/CAD Forecast: Risk Aversion Sparks US Dollar Revival

A recent spike in risk aversion and volatility following the June FOMC meeting has seen USD/CAD reclaim some of the ground it lost in early March. Now, resistance overhead may complicate a continua...

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

Mexican Peso may be poised to mount a counteroffensive against the US Dollar as USD/MXN pulls back into support. Here are the levels that matter on the technical charts.

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US Dollar Eyes Fed Chair Powell Testimony & Second Wave Risk

USD price action peels back from the rebound higher staged late last week, but the broader US Dollar could build upon its reversal attempt owing to threats from a second wave of coronavirus cases a...

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Weekly Australian Dollar Forecast: Continuing to Track Broad Risk Appetite

The Australian. Dollar has been one of the best performing currencies since the end of March, when risk aversion bottomed out, so to speak.

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S&P 500, Dow Start Week with Pullbacks and Support Tests

The stock rally cooled last week after Chair Powell's press conference following the FOMC rate decision. Was that a blip or a turning point?

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Weekly Australian Dollar Forecast: Continuing to Track Broad Risk Appetite

The Australian. Dollar has been one of the best performing currencies since the end of March, when risk aversion bottomed out, so to speak.

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Markets Week Ahead: US Dollar, Dow Jones, Gold Prices and Volatility Risk

Is volatility risk on the rise and will the US Dollar continue recovering lost ground after the Dow Jones and S&P 500 declined? A plethora of central bank rate decisions will cross the wires next w...

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

A raft of risk events and data releases are likely to keep UK asset traders on their toes, with a BoE meeting, EU/UK trade talks and the latest from Fed chair Jerome Powell all potential trigger po...

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Crude Oil Prices Sink with Stocks Amid Global Recession Fears

Crude oil prices fell alongside stocks and other cyclical assets at the start of the trading week in what appeared like the return of global recession fears.

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British Pound (GBP) Latest: GBP/USD Facing A Storm of Risk Events

This week brings a slew of important UK data, a Bank of England policy meeting and the latest EU/UK trade talk update. And GBP/USD traders should also be aware that Fed chair Powell speaks to Congr...

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DAX 30 Breaks 12-Week Uptrend As COVID-19 Fears Spook Markets

Risk-appetite all but evaporated in Asia trade as a surge in COVID-19 cases spooked market participants.

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Gold Price Holds Near June High Ahead of Fed Chairman Powell Testimony

The price of gold trades near the monthly high ($1746) as Federal Reserve Chairman Jerome Powell prepares to testify in front of Congress.

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USD Eyeing Powell. Crude Oil, Euro Brace for Key OPEC & EU Meetings

USD, crude oil and the Euro may all be at the mercy of political risks this week from Powell’s testimonies, discussions within OPEC about supply cuts and an EU summit on an EUR750b aid package.

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NZD/USD RSI Sell Signal in Focus Despite Forecast for V-Shape Recovery

The RSI may highlight a potential shift in NZD/USD behavior as the oscillator offers a sell signal and appears to be on track to threaten the bullish formation from March.

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US Dollar May Rise with Volatility: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar may be readying for a comeback against ASEAN currencies like the Singapore Dollar and Malaysian Ringgit as volatility risk rises. The IDR faces the Bank of Indonesia.

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Nikkei 225 and ASX 200 Clear Uptrends, HSI Reverses At Resistance

The return of risk-aversion has seen the ASX 200 and Nikkei 225 slice through their respective 12-week uptrends, as the HSI 50 falls just shy of the 200-day moving average.

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AUD May Suffer vs USD Ahead of Chinese Industrial & Retail Sales Data

The Australian Dollar may extend its decline versus the anti-risk US Dollar and Japanese Yen ahead of the release of Chinese industrial and retail sales data.

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Markets Week Ahead: US Dollar, Dow Jones, Gold Prices and Volatility Risk

Is volatility risk on the rise and will the US Dollar continue recovering lost ground after the Dow Jones and S&P 500 declined? A plethora of central bank rate decisions will cross the wires next w...

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

Global equity markets face a reality check as second wave concerns linger. Central banks in focus.

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US Dollar Outlook: Will Fed Spook Investors Again? S&P 500 Eyed

The US Dollar remains glued to the Dow Jones and S&P 500. All eyes turn to local retail sales, Fed Chair Jerome Powell, creeping virus cases and the central bank’s balance sheet.

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USD/MXN Outlook: Risk-On Recovers Swiftly but Road Ahead is Bumpy

Thursday’s selloff mania has caused a dent in the Peso’s post-covid recovery but buyer support is still abundant

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Euro Forecast: Outlook for EUR/USD Still Positive, Focus on Recovery Fund

The key event for Euro traders to watch out for in the coming week is Friday’s European Council video conference, called to discuss an EU recovery fund and the EU budget.

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Gold Prices May Fall as Virus Cases Rise With Risks of Staggered Reopening

Gold prices may turn lower if sentiment sours and US equity markets plunge amid growing concerns of rising Covid-19 cases and the prospect of a delayed reopening of the economy.

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US Dollar Outlook: Will Fed Spook Investors Again? S&P 500 Eyed

The US Dollar remains glued to the Dow Jones and S&P 500. All eyes turn to local retail sales, Fed Chair Jerome Powell, creeping virus cases and the central bank’s balance sheet.

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Oil Price Recovery to Linger as US Crude Output Continues to Contract

The ongoing contraction in US production may keep the price of oil afloat as crude output narrows for ten consecutive weeks.

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US Dollar, Gold, Crude Oil in Focus with Volatility on the Rise

As volatility skyrockets over the last two trading sessions, the US Dollar and gold climb while stock market benchmarks and crude oil prices experience heavy selling pressure.

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US Dollar Ticks Higher on Upbeat Consumer Sentiment

The US Dollar shifted slightly higher this morning as the University of Michigan consumer sentiment data crossed the wires showing a more upbeat figure than the previous month and beating expectations

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Post-Brexit Trade Talks Latest - EU and UK Upping the Ante on Trade Negotiations

UK PM Boris Johnson and EU Commission President Ursula von der Leyen will speak on Monday in the latest attempt to breathe some life back into the ailing EU/UK trade talks.

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USD, S&P 500 & More – Charts For Next Week

The Dollar may have found a low while the S&P 500 may have found a high for a while; the next few days could go a long way towards helping confirm these views.

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Crude Oil Prices May Bounce But Chart Warns a Top is Forming

Crude oil prices may bounce amid risk appetite recovery but technical positioning continues to warn that a top is taking shape.

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FTSE 100 Holding on to Moving Average Support After Shocking UK Data

The sharp sell-off in risk assets this week has knocked nearly 500 points of the FTSE 100 in one-way trade and the index is now testing support off the 50-day moving average.

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British Pound (GBP) Latest: Record GDP Collapse, GBP/USD Dips

The UK economy had its largest monthly contraction on record in April with GDP crashing 20.4%.

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EUR/USD Falters as COVID-19 Cases Surge, US Stocks May Recover

EUR/USD has surrendered at key resistance as a surge in US COVID-19 cases sent risky assets spiraling downward. However, US stock futures hint sentiment may recover.

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Indian Rupee, Nifty 50 May Fall. Virus Cases Grow, Consumption Falters

The Indian Rupee and Nifty 50 may fall as local virus cases grow and retail consumption dwindles. Jitters from investors could reignite capital outflows, pushing USD/INR higher.

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USD/CAD Surges, CAD/JPY Plummets as Market Sentiment Sours

The Canadian Dollar has retreated from post-crisis highs as the risk-associated currency suffers from souring market sentiment.

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S&P 500 Index, Crude Oil Outlook Bearish After Uptrends Invalidated

Crude oil prices and the benchmark S&P 500 index may face increasingly-aggressive selling pressure after they both shattered their respective uptrends. What happens next?

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AUD/USD Outlook Mired by RSI Sell Signal Ahead of Fed Testimony

AUD/USD may face a larger correction ahead of the Fed testimony in front of Congress as the RSI falls back from overbought territory and offers a textbook sell signal.

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US Dollar and Yen Surge as Stocks Crater. APAC Equities, AUD to Follow?

US equity markets plunged and catapulted the anti-risk Japanese Yen and US Dollar higher. AUD and Asia-Pacific stocks now brace for what could be an extended selloff in the region.

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Hang Seng Index: Bulls Stumble on Recent Gains as Global Risk Appetite Recedes

The Hang Seng index faces focused political and economic pressure, however, a recent breakdown in risk appetite globally may allow bears to overtake the recent momentum in the index.

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US Dollar Rises from the Dead as VIX Soars, Stocks Drop Sharply

The US Dollar attempts to put an end to its downward spiral as the DXY Index and VIX ‘fear-gauge’ surge thanks to returning demand for anti-risk assets fueled by a sharp selloff in stocks.

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Gold Price Outlook: Gold Grapples at Fibonacci Resistance...Again

Gold prices have moved back to a key level of Fibonacci resistance following yesterday's FOMC rate decision. Can bulls drive through this time?

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DAX 30, FTSE 100 & CAC 40 Forecasts: How Far Will Stocks Fall?

European equities extended their losses in the second half of the week as selling spread to US indices following the FOMC rate decision. Will the bullish trend reverse, or is this a mere blip?

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Central Bank Watch: RBA, RBNZ, & BOC Interest Rate Expectations

As the global economy inches towards recovery, the commodity currencies have enjoyed significant gains. Are we out of the woods?

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US Dollar Fueled by Rising US Yields, Falling Fed Rate Cut Odds

The US Dollar (via the DXY Index) has seen losses accumulate rather quickly throughout June.

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Gold Prices Up, Crude Oil Down with Stocks AFter Fed Meeting

Gold prices got a lift as the Fed promised to maintain an ultra-loose policy stance but sluggish progress on stimulus expansion cooled risk appetite and hurt crude oil.

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S&P 500 Outlook: FOMC Punchbowl is Here to Stay, S&P 500 Drops to Support

Equity markets under pressure post Fed meeting, however, liquidity taps remain in full flow.

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Bitcoin (BTC) Making a Fresh Attempt at Multi-Month Highs

Bitcoin’s slow grind higher sees it once again nudging resistance at $10,000, a level that currently seems to both attract and reject price action. A break above here may well lead to a fresh multi...

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British Pound (GBP) Latest: GBP/USD Weak Ahead of Friday's GDP Data

GBP/USD has lost some of its recent strong gains ahead of UK economic growth data due Friday that will show a dramatic fall in the three months to April due to the coronavirus pandemic.

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GBP/USD Retreats, Stock Futures Sink as US COVID-19 Cases Swell

GBP/USD is retreating from fresh-monthly highs alongside US stock futures as a surge in COVID-19 cases compounds fears of a second wave of infections.

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Emerging Markets at Risk? Capital Flows Eyed After Fed, Powell

Emerging market capital outflows have been cooling. Yet, the EEM may be stalling in the aftermathof the Federal Reserve rate decision and Chair Jerome Powell press conference.

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NZD/USD Rate Vulnerable to Textbook RSI Sell Signal

The Relative Strength Index (RSI) may offer a textbook sell signal for NZD/USD as the oscillator appears to be on track to push below 70.

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ASX 200 Rally in Jeopardy as OECD Suggests Fiscal Stimulus Extension?

The ASX 200 fails to breach key Fibonacci resistance as the OECD suggests an extension of the current fiscal stimulus programss to continue to support the local economy.

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Euro Could Trim Gains on Political Friction Over EU Aid Package

The Euro has enjoyed a ride to multi-week highs vs the US Dollar, though political friction – a familiar ghost that has haunted the currency before – may trim EUR/USD’s gains.

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Gold Price Levels to Watch Following FOMC Rate Decision

The price of gold may continue to exhibit a bullish behavior in June as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).

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USD Hammered by FOMC. Has AUD/USD Topped? Stocks May Rise in Asia

The USD took a hit after the FOMC rate decision, and stock markets were not impressed. AUD/USD may be showing signs of topping, and Asia-Pacific equities may be at risk of declining.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts Following June Fed Meeting

Jerome Powell’s post-FOMC remarks offered markets another dose of courage as the chairman revealed the Fed will likely remain accommodative for the foreseeable future. What does this mean for stocks?

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US Dollar Price Outlook: USD Dip on FOMC, EUR/USD Near Key Resistance

Today brought the first batch of FOMC projections since the coronavirus and corresponding market turmoil. The Fed is looking at low rates for a long time.

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Dow Jones Index, Treasury Yields, Gold Jumps on FOMC Announcement

The Federal Open Market Committee maintained the Federal Funds Rate at 0%-0.25% Wednesday afternoon sending the Dow Jones index, Gold, and Treasury Yields higher

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FTSE 100 Forecast: Gap Fill Leads to Quick Reversal, Is There Conviction?

The FTSE 100 recently filled a topside price gap, but quickly reversed lower. Will this move be met with conviction or can the Fed buoy market sentiment yet again?

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S&P 500, Nasdaq 100, Oil & More: Index & Commodity Charts

The stock market continues to be strong but nearing a big spot, so is oil with the March gap and multi-year resistance levels approaching.

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FOMC Meeting in Focus: Risks of EUR/USD Breakout With King Dollar Dethroned?

Fed looking to maintain positive mood music. Option signals suggest topside risks for EUR/USD.

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US Dollar vs Mexican Peso: USD/MXN Gears Up for Next Move as FOMC Meeting Looms

USD/MXN has made a short-term bottom after a multi-week sell-off and now waits for the latest FOMC rate decision and Fed chair Jerome Powell’s press conference.

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Crude Oil Prices May Fall with Stocks, Gold on Measured Fed Stance

Crude oil prices may fall alongside stocks and other cyclically-minded assets as well as gold if the Fed signals it is in no hurry to expand its stimulus menu.

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British Pound (GBP) Latest: GBP/USD Continues to Test Upside pre-FOMC

Sterling traders, like traders in other currencies, are waiting for the latest monetary decisions by the Federal Reserve but GBP/USD is continuing to challenge resistance ahead of the Fed’s announc...

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USD/JPY Clears Support, Nasdaq Breaks 10k as Markets Eye FOMC

The US Dollar is slicing through trend support against the Japanese Yen as the Nasdaq continues its push to record highs ahead of the FOMC monetary policy announcement.

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EUR/USD Outlook: March High on Radar as RSI Sits in Overbought Zone

EUR/USD may attempt to test the March high (1.1495) as the Relative Strength Index (RSI) sits in overbought territory.

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NZD/USD, NZD/JPY Rally At Risk Despite Easing Restrictions

The recent surge in the New Zealand Dollar may be at risk, as it fails to breach familiar resistance ahead of Wednesday’s FOMC meeting

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Bitcoin Price Chart: Will BTC/USD Fall With S&P 500 Index?

Bitcoin and the S&P 500 could both be at risk of capitulating ahead of possible retests of their respective uptrends. How might a pullback in the equity index impact BTC?

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USD/CAD Rate Forecast: RSI on Cusp of Offering Textbook Buy Signal

The Relative Strength Index (RSI) may offer a textbook buy signal for USD/CAD as the oscillator appears to be bouncing back from oversold territory.

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AUD/USD at a Turning Point Ahead of China CPI. APAC Stocks at Risk?

The cycle-sensitive Australian Dollar may turn lower with Asia-Pacific stock markets after Wall Street trade ended the day on a less-than optimistic note. China CPI data may exacerbate selloff.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Fed meetings tend to cause above-average volatility in the US Dollar. Here's how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.

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Nasdaq 100 Breaches 10,000 for the First Time Ever, Bulls Rejoice

The Nasdaq 100 topped 10,000 for the first time ever as tech stocks continue to rally despite broader uncertainty in the underlying economy. Will this peak fuel a continuation higher?

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FTSE 100 Forecast: Gap Fill Leads to Quick Reversal, Is There Conviction?

The FTSE 100 recently filled a topside price gap, but quickly reversed lower. Will this move be met with conviction or can the Fed buoy market sentiment yet again?

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EUR/USD Weakness Continues as The US Dollar Catches a Pre-FOMC Bid

The latest set of hard Euro-Zone data confirmed the ongoing weakness in the single-block, while German exports crashed to a series low. EUR/USD continues to move lower ahead of Wednesday’s FOMC mee...

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DAX 30 & Euro Stoxx 50 Outlook: Reaching a Turning Point?

European indices taking a breather from its recent upside. Sizeable retracement raises questions over a turning point.

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British Pound (GBP) Latest: GBP/USD Rate Struggles to Break Resistance

The recent strength of GBP/USD is being held back by resistance at the 200-day moving average while the decline in EUR/GBP has halted at trendline support.

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Euro Fails at Resistance as Federal Reserve Expands Lending Program

The Euro struggled to close above an important psychological barrier as the Federal Reserve expanded its Main Street Lending Program, pushing EUR/USD into overbought territory

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XAU/USD Gains as US Dollar Sinks, Crude Oil Prices May Turn Lower

Gold prices rallied as WTI crude oil struggled to capitalize on gains in the S&P 500. XAU/USD still remains in consolidation with oil appearing at risk to a turn lower.

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AUD/USD Rate Eyes July 2019 High as Overbought RSI Reading Persists

AUD/USD may work its way towards the July 2019 high (0.7082) as it extends the series of higher highs and lows from last week, while the RSI sits in overbought territory.

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Copper Surges Into Overbought As Silver Erases Yearly Losses

Copper price surge from yearly low triggers overbought readings for the first time since 2018 as Silver eyes February high after erasing yearly losses.

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New Zealand Dollar Outlook: AUD/NZD, GBP/NZD, NZD/CHF

The New Zealand Dollar may rise versus the Australian Dollar with GBP/NZD facing the risk of a deeper selloff as NZD/CHF approaches what could be a key turning point.

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Gold Price Fails to Clear May Low Ahead of FOMC Rate Decision

The price of gold retraces the decline following the unexpected rise in US Non-Farm Payrolls (NFP) as the Federal Reserve expands the Main Street Lending Program.

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WTI Crude Oil Turns to Growth Trends as OPEC Bounce Fades

Crude oil prices rallied following news that OPEC agreed to extend record production cuts, but tightened supply is only half the problem in a world of dwindling demand.

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AUD/USD Price Outlook: Australian Dollar Rips Above 0.7000

AUD/USD price action rips above the 0.7000-handle as Aussie shorts throw in the towel and help drive the pro-risk Australian Dollar to its January opening level ahead of the FOMC meeting scheduled ...

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Canadian Dollar Forecast: USD/CAD Attacks Support Ahead of FOMC

USD/CAD started the week off with weakness as the pair continues to probe Fibonacci support we outlined previously. Will Wednesday’s FOMC rate decision stall the descent, or spark another lunge lower?

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Gold Price Outlook: Gold Snaps Back, Starts Week with Support Bounce

Gold prices are starting the week with strength following last week's sell-off. Long-term overbought conditions remain - can bulls push through?

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US Dollar Outlook: DXY Down as USD/JPY & USD/CAD Drive Lower

USD price action still struggles to find a bid even with the broader US Dollar Index trading at a twelve-week low as USD/JPY recoils and USD/CAD extends its decline.

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Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?

The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?

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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Fed, Sentiment

The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur...

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

UK asset markets may get a leg-up if reports that the government may unwind lockdown measures sooner rather than later are true. GBP/USD traders should also look ahead to Wednesday’s FOMC meeting.

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British Pound (GBP) Latest: UK Government Looking to Speed Up Lockdown Unwind Timetable

The UK government is looking at ways of easing lockdown measures further to speed up the re-opening of the UK economy.

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US Dollar, Yen May Rise as Markets Turn Timid After US Jobs Data

Financial markets are surprisingly timid after unexpectedly strong US jobs data, hinting that sentiment may be wavering. That might lead the anti-risk US Dollar and Yen higher.

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JPY May Rise if OECD, World Bank Forecasts Shatter Growth Prospects

The Japanese Yen may reclaim some lost territory if global growth forecasts from the World Bank and the OECD put a premium on anti-risk assets and a discount on its growth-oriented peers.

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

The US Dollar could risk further losses against the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso as capital continues to flow into emerging markets.

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Crude Oil Prices Yawn at OPEC+ Cuts, World Bank Outlook Eyed

Crude oil prices shrugged at an OPEC+ agreement to prolong an output cut scheme amid worries about demand. A World Bank economic outlook update is eyed next.

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Nikkei 225 Surge Triggers Overbought RSI Reading

The Nikkei 225 trades at 4-month highs after a 50% surge from the March low, while the RSI registers its first overbought readings since November 2019.

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CAD May Rise on OPEC Optimism, GBP Bracing for Brexit Woes

The Canadian Dollar may rise with crude oil prices following OPEC’s decision to extend record production cuts while the British Pound stares down the barrel of Brexit.

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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Fed, Sentiment

The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur...

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Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?

The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?

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USD/MXN Outlook: Profit-Taking, FOMC and More Real-Time Economic Data

The Mexican Peso performs another stellar week against the Dollar but profit-taking may curb further losses

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Euro Forecast: Outlook for EUR/USD Still Bullish, More Stimulus Planned

The European Commission’s proposed €750 billion recovery package for the EU economy will be on the agenda this coming week, likely keeping EUR/USD on an upward path.

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Gold Price Outlook: Gold Slammed Lower on Record US Jobs Creation

Gold has fallen sharply after the latest US Non-Farm Payroll report showed 2.5 million jobs created in May , smashing expectations of an 8 million loss.

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Crude Oil Prices Eye OPEC+ Meeting as US and China Demand Rises

Crude oil prices await the OPEC+ meeting where record output cuts could be prolonged as demand for energy from the US and China continues recovering. What could be the downside risks?

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Nasdaq 100 Sets Fresh All-Time-Highs, US Stocks Jump on Jobs Report

Don't call it a comeback, but the Nasdaq 100 has now erased the entirety of the coronavirus sell-off, even as social unrest remains a concern.

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AUD/USD Rallies to Yearly Open Ahead of FOMC Rate Decision

The Australian Dollar has soared back to the yearly open highs, seemingly dismissing the imminent onset of Australia’s first recession in 29 years.

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Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations

Gold prices plunged and the US Dollar exploded higher against the Japanese Yen after NFP data for May 2020 crushed estimates. The US economy added 2.5 million jobs, but was expected to shed 7.5 mil...

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British Pound (GBP) Latest: GBP/USD Multi-Week High; EU/UK Trade Update and US NFPs Ahead

GBP/USD makes a fresh 11-week high, mainly due to a floundering US dollar, but traders should take note of EU/UK trade discussions and US NFPs later in the session.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch on US Dollar Capitulation

USD selling has been the main theme throughout the week, as the reflation trade kicks in.

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Gold Prices Challenge Chart Support as US Jobs Data Enters Spotlight

Gold prices are challenging chart support just below the $1700/oz figure as the markets’ focus turns to May’s US employment report. Improvement on April’s blood-letting is expected.

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Nikkei 225 Surge Triggers Overbought RSI Reading

The Nikkei 225 trades at 4-month highs after a 50% surge from the March low, while the RSI registers its first overbought readings since November 2019.

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USD/CAD Continues to Eye March Price Gap Ahead of Canada Employment

The update to Canada’s Employment report may influence the near-term outlook for USD/CAD as the economy is expected to shed 500K jobs in May.

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AUD, APAC Stocks May Trim Gains. Is Bullish Sentiment Fading?

The Australian Dollar may fall alongside Asia-Pacific stock markets as bullish sentiment appears to be showing signs of upward exhaustion after a mediocre day on Wall Street.

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NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility

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

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: What is Fueling the Rally?

The US stock market has moved within reach of all-time highs as equities look to reclaim ground that was lost during the coronavirus crash. Is such a rebound warranted, and what is the driver?

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Macro Matters: USD Down the Drain as Euro, CAD, Aussie Rip Higher

While yet another risk factor has entered the equation as social unrest runs high, markets have just continued to climb.

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FTSE 100 Forecast: Index Surges Through Price Gap, Can it Continue?

The FTSE 100 recently broke through a major level of resistance which allowed for bulls to quickly fill the gap that sat overhead. Can they continue their charge higher?

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US Dollar & Volatility Swoon as Fed Achieves V-Shape Recovery

Largely thanks to the Fed, US Dollar selling pressure sinks the DXY Index to a fresh twelve-week low as appetite for risk runs rampant, crushes volatility, and steers the Nasdaq to its all-time high.

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ECB Reaction: EUR/USD Surges on Large ECB QE Package

ECB delivers large stimulus package Euro and Italian bonds soar.

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Crude Oil Rally Hindered by Gap Resistance, OPEC+ Meeting in Limbo

The V-shaped crude oil recovery has petered out this week as traders wait to hear if today’s mooted OPEC+ meeting will go ahead. Technical resistance is also crimping further upside movement.

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EUR/USD Trades at 3-Month High Ahead of ECB Rate Decision

EUR/USD is stalling ahead of the ECB press conference while the US Dollar looks to hold its ground after falling to its lowest levels since March.

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British Pound (GBP) Latest: GBP/USD Increasingly Nervous About Brexit

The possibility that the UK will fail to agree a post-Brexit trade deal with the EU is increasingly a worry for GBP/USD bulls as the deadline for an extension approaches.

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NZD/USD Comes Up Against March High as RSI Pushes into Overbought Zone

NZD/USD has come up against the March high (0.6448) and the bullish momentum may persist as the Relative Strength Index (RSI) pushes into overbought territory.

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ASX200 Climbs to Post-Lockdown Highs Even though Australia Contracts

The ASX200 rallies to post-COVID highs even though Australia appears to be on track to face its first recession in 29 years.

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Gold Prices Sink, Crude Oil Risks Falling with OPEC+ Meeting in Doubt

Gold prices sank as ADP estimated a smaller contraction in jobs ahead of NFPs. Crude oil prices may fall with the OPEC+ meeting in doubt as WTI left behind a Doji candlestick.

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Dollar Outlook vs Mexican Peso, South African Rand, South Korean Won

The US Dollar has been aggressively declining versus the Mexican Peso, South African Rand and South Korean Won. The USD/KRW selloff may continue, but USD/MXN and USD/ZAR could start recovering.

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AUD/USD Forecast: 2020 High on Radar as RSI Sits in Overbought Zone

AUD/USD may attempt to test the 2020 high (0.7032) following the Reserve Bank of Australia (RBA) meeting as the Relative Strength Index (RSI) sits in overbought territory.

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NZD Rally May Extend into Asia as Data Stabilization Inspires Optimism

The New Zealand Dollar may rise with APAC stocks heading into Asia as data stabilization amid the coronavirus pandemic appears to be inspiring bullish sentiment.

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US Dollar & Volatility Swoon as Fed Achieves V-Shape Recovery

Largely thanks to the Fed, US Dollar selling pressure sinks the DXY Index to a fresh twelve-week low as appetite for risk runs rampant, crushes volatility, and steers the Nasdaq to its all-time high.

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FTSE 100 Forecast: Index Surges Through Price Gap, Can it Continue?

The FTSE 100 recently broke through a major level of resistance which allowed for bulls to quickly fill the gap that sat overhead. Can they continue their charge higher?

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Canadian Dollar Price Outlook: USD/CAD Grinds Around Big Fig Support

USD/CAD continues to test the 1.3500 level, even through the Bank of Canada rate decision; but sellers haven't yet been able to establish much for trends below 1.3500.

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Russell 2000 Bests Nasdaq Rally, Bonds Plunge on ADP & PMI Data

The reflation trade accelerates as Russell 2000 Index price action surges, outpacing tech stock stalwarts in the Nasdaq. Bonds swoon driven by encouraging ADP employment, ISM Services PMI data.

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US Dollar Forecast: Significant Technical Damage Sustained - Levels for DXY Index & USD/JPY

The US Dollar (via the DXY Index) has quickly exited its multi-month consolidation to the downside, but one pair has largely been absent from the move.

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Canadian Dollar Treads Higher on BOC Rate Decision

The Bank of Canada left its benchmark overnight interest rate unchanged at 0.25%, as expected, sending USD/CAD lower on Canadian Dollar strength

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

The Dow continues to work its way towards the 200-day MA along with global stock market strength, the price of copper rising too into major resistance.

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EUR/USD Running Higher as Risk-On Sentiment Presses Down on the US Dollar

The Euro rally against the US dollar continues to push the pair higher, breaking resistance levels with ease. Recent PMI data however continues to suggest that the Euro-Zone recovery will be protra...

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US Dollar Out of Favour, Global Risk Rally in Full Swing - Cross Asset Correlation

Relentless global risk rally while US Dollar slides as investors seek alternative assets.

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British Pound (GBP) Latest: Few Signs Yet of End to GBP/USD Strength

GBP/USD continues to climb with other “risk on” assets on hopes of a global economic recovery. At some point there will be a retracement but for now the trend remains upwards.

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GBP/USD Faces a Familiar Foe While Merkel Pushes For Stimulus

GBP/USD remains confined within a bullish continuation pattern, while German Chancellor Merkel’s push for fiscal stimulus propels Euro higher.

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EUR/USD Rate Outlook Hinges on European Central Bank (ECB) Meeting

The European Central Bank (ECB) meeting may rattle the recent appreciation in EUR/USD if the Governing Council takes additional steps to support the monetary union.

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Indian Rupee, Nifty 50 Outlook: Technical Levels Pressured, Risks Brew

Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance.

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Australian Dollar Dips as 1Q GDP Contraction Ends Record Growth Period

The Australian Dollar pulls back from January highs as the 1Q GDP report for 2020 signals an end to Australia’s record period of economic growth.

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New Zealand Dollar Technical Outlook vs Japanese Yen & British Pound

NZD/JPY continues to surge as it aims to challenge a critical inflection range while GBP/NZD flirts with key support and the prospect of aggravated selling pressure.

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Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report

The price of gold may exhibit a bullish behavior ahead of the US NFP report as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).

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AUD/JPY May Rally With Stocks in Asia, Australian GDP in Focus

The Australian Dollar may extend its gains versus the Japanese Yen ahead of the release of Australian GDP data. Sentiment may also help push APAC stocks higher despite geopolitical strains.

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S&P 500 Forecast: Stocks Face Peril as Day of Reckoning Looms

Stocks continue to surge and propel the S&P 500 Index within striking distance of record highs as bullish equity investors overlook threats from US-China tension escalating, double-digit unemployme...

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Canadian Dollar Forecast: USD/CAD Extends Losses as Dollar Weakens

After suffering a break beneath support last week, USD/CAD continued lower and may suffer further losses in the days ahead as it grasps for support.

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US Dollar Spiking Lower Ahead of Services PMI & Jobs Data Due

The US Dollar keeps bleeding lower and sets the DXY Index on pace for its six-straight day of downside as USD price action weakens notably against major peers like the EUR, GBP, AUD and CAD ahead o...

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: What is Fueling the Rally?

The US stock market has moved within reach of all-time highs as equities look to reclaim ground that was lost during the coronavirus crash. Is such a rebound warranted, and what is the driver?

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