All Market Live: October 2019

Thursday, 31 October 2019

Gold Prices Set For More Gains, Watch US-China Trade, UK Campaign

Both gold prices and crude oil prices are hostage to headlines from the two biggest market stories- the US-China Trade War and Brexit- and likely to remain so.

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Australian Dollar Jumps as China PMI Data Tops Expectations

The Australian Dollar jumped higher alongside the ASX 200 stocks benchmark as Caixin PMI data put Chinese manufacturing growth at a 20-month high.

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Post-Fed AUD/USD Advance Fizzles amid Doubts Over US-China Trade Deal

AUD/USD may struggle to hold its ground ahead of the Reserve Bank of Australia (RBA) meeting on November 5 amid doubts surrounding the US-China trade deal.

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US Dollar Price Volatility Report: Nonfarm Payrolls, ISM PMI Ahead

USD price action could face a make-or-break turn during Friday's trading session as forex traders await the highly anticipated NFP report in addition to the latest ISM Manufacturing PMI reading.

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USD/JPY and AUD/USD Outlook Bearish as Trade War Fears Resurface

The Japanese Yen soared as trade war fears resurfaced and dismal US business activity sunk the S&P 500, emerging markets. Is USD/JPY topping? The Australian Dollar may depreciate.

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EUR/USD: Expect NFP Jobs Report to Spark US Dollar Price Action

The release of monthly change in nonfarm payrolls (i.e. US Jobs Report) is due for release Friday at 12:30 GMT and has historically sparked serious volatility in the US Dollar and spot EUR/USD prices.

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Canadian Dollar Outlook: USD/CAD Surges, Is This The Bottom?

Weeks of USD declines versus the Canadian Dollar could have come to an end after the Bank of Canada issued an undeniably dovish outlook at Wednesday’s meeting.

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Rate Cut Odds Shift After Fed, BOC, BOJ Meetings - Central Bank Watch

The Federal Reserve delivered its rate cut, and while hinting at a pause in the cut cycle, Fed Chair Powell made clear no rate hikes are coming any time soon.

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Japanese Yen Outperforms, Month-End Rebalancing Signals US Dollar Selling - US Market Open

Japanese Yen outperforms after China doubts a long-term trade deal will happen with President Trump. Euro holds onto gains while downside risks remain for the South African Rand.

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US Dollar Falls After 'Really Significant' Remark: USD to Support

The US Dollar has fallen since a key comment in yesterday's FOMC press conference. Can Dollar sellers continue to push with the threat of rate hikes diminished?

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EUR/GBP Outlook: Bearish Chart Pattern Starting to Form

EUR/GBP is stuck in a tight trading range and is nearing weak support. A break lower will take us to a near 6-month low.

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EUR/USD Outlook: Eurozone GDP and Inflation Beat Lowly Expectations

Slightly better-than-expected Eurozone inflation and growth data gave EUR/USD a small boost Thursday putting technical resistance under pressure.

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Euro Outlook: EUR/USD May Reverse Gains on Eurozone GDP, CPI Data

EUR/USD may reverse some of its recent gains against the US Dollar if Eurozone CPI and GDP data leads to capital outflow from the Euro.

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Wednesday, 30 October 2019

Crude Oil Prices Gain as Weak China Data Burnish Stimulus Hopes

Crude oil pices rose despite evidence of renewed weakness in China's manufacturing sector. Gold prices gained even as the Fed signaled a pause in interest rate cuts.

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US Dollar Response to Fed Rate Decision, Explained

The US Dollar might have been expected to rise as the Federal Reserve signaled a pause in its interest rate cut cycle. It plunged instead. Why?

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EUR/USD Eyes August-High Again as Fed Pledges to “Respond Accordingly”

EUR/USD appears to be making another attempt to test the August-high (1.1250) as the Fed Chairman Jerome Powell pledges to “respond accordingly” to the economic outlook.

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Australian Dollar Capped As China Manufacturing PMI Misses Forecasts

The Australian Dollar made gains after US borrowing costs fell but these were halted by news that China's manufacturing sector remains mired.

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USD/KRW Looks to Samsung Earnings, PCE Data After FOMC Decision

USD/KRW will be bracing for Samsung Q3 earnings and US PCE data following the FOMC rate decision and critical commentary from Fed Chairman Jerome Powell.

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Canadian Dollar and US Dollar Fall on BoC and Fed Rate Cut Bets

The Canadian Dollar tumbled as the BoC fueled rate cut bets as Fed Chair Jerome Powell eventually sent the US Dollar lower. AUD/USD faces another test of resistance from 2018.

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US Dollar Price Volatility Report: Core PCE & NFP Data on Deck

Forex traders turn to upcoming core PCE data due Thursday and a nonfarm payrolls report slated for release Friday for clues on where the US Dollar might head next following the latest FOMC rate cut.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts Following the Fed's Rate Cut

Markets were on edge ahead of Wednesday’s Fed meeting where the bank cut rates by 25-basis points, but Chairman Powell’s subsequent commentary may have laid the foundation for new heights.

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Post-Fed USD Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Today brought the Fed's third rate cut for this year, and questions abound about what the bank might do at their final rate decision of 2019 in December.

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US Dollar Climbs After FOMC Cuts Rates but Firms Language

The Federal Reserve delivered its third consecutive 0.25% interest rate cut as widely expected, but firmer language found in the October FOMC press statement is pushing the US Dollar higher.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meeting

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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Australian Dollar Outlook: Aussie Turn or Burn? AUD/USD Trade Levels

The Australian Dollar surged into critical trend resistance again this week with the FOMC & NFP on tap. Here are the levels that matter on the AUD/USD weekly charts.

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Canadian Dollar Price Outlook: BoC Holds, USD/CAD Rallies

Today's Bank of Canada rate decision saw the BoC hold rates steady as widely expected, but highlighted weaker expectations for growth. Focus now shifts to the Fed.

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US Dollar Rises Ahead of Fed, South African Rand Crashes, CAD Eyes BoC - US Market Open

US Dollar rises on Q3 GDP beat, while South African Rand posts largest drop this year. Canadian Dollar looks to BoC.

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Pre-FOMC Preview: Gold, GBP/USD and USD/JPY

Today brings the FOMC for another widely-expected rate cut. But what will Powell say about the Fed's stance in the coming quarters?

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US Dollar Outlook: US Q3 GDP Starter Before FOMC Main Course

The US dollar may be in for a bumpy ride later in the today’s session with the first look at US Q3 GDP ahead of the latest FOMC rate decision.

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Canadian Dollar Price Outlook: USD/CAD Volatility Soars on BoC and Fed Risk

BoC is expected to stand pat on interest rates and keep its neutral stance in light of resilient data. Focus is on the Fed’s outlook for greater USD/CAD volatility.

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Brexit Latest: Sterling (GBP) Untroubled by General Election Fears, FOMC Ahead

Sterling remains near highs last seen five-months ago against a range of currencies as traders bet that UK PM Boris Johnson will win the December 12 General Election.

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Japanese Yen to Rise if the Fed Disappoints Dovish Market Hopes

The Japanese Yen may build on its nearly two-year uptrend if Fed guidance falls short of the markets’ ultra-dovish hopes for upcoming US monetary policy.

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EUR/USD Downtrend May Accelerate Ahead of Critical Economic Data

The Euro’s decline may accelerate if key regional data reinforces concerns about the Eurozone’s growth prospects against the backdrop of the FOMC rate decision.

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Tuesday, 29 October 2019

Gold Prices Up Despite Fed Rate Cut Forecasts as Trade Hopes Take Hit

Commodities markets are like all others looking to the Federal Reserve’s monetary policy decision but the US-Chin a trade story is never far away.

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USD/JPY Bullish, NZD/USD Bearish Contrarian Outlook Ahead of Fed

The Japanese Yen and New Zealand Dollar may weaken against the US Dollar on IG Client Sentiment forecasts ahead of the Federal Reserve’s highly-anticipated interest rate cut.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

BRL, USD Brace for BCB, FOMC Rate Decisions Amid Trade War Perils

The US Dollar may rise vs the Brazilian Real and emerging market FX if the post-FOMC rate decision press briefing spooks markets and puts a premium on liquidity over returns.

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Australian Dollar Finds Support As 3Q CPI Data Match Expectations

The Australian Dollar had wilted into this important release, suggesting that some in the market were looking for more weakness. In the end inflation was as expected, still below target.

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US Dollar May Rise if FOMC, US GDP Data Spooks Equity Markets

The US Dollar may rise at the expense of equity markets if US GDP data and gloomy FOMC commentary undermine confidence in global growth prospects.

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US Dollar Price Volatility Report: Fed & Q3 GDP on Deck

The US Dollar will be in focus during Wednesday's trading session which is far from lacking in scheduled event risk with the latest FOMC rate decision, Q3 US GDP report and more on deck.

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Canadian Dollar May Fall on USD/CAD Reversal Cues, Trade War Fears

The Canadian Dollar may weaken on US economic slowdown spillover fears following soft housing and consumer confidence data. The Japanese Yen may gain on US-China trade war woes.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Crude Oil Price Outlook Looks Bearish at Resistance Ahead of FOMC

The price of crude oil may fall under pressure in the coming days as the market dissects the Fed’s October rate decision and in turn, the demand outlook for the commodity.

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SPX Drops on Trade War Headlines

The S&P 500 drops on trade war uncertainty as Reuters reports that the US and China may not sign phase one of the trade agreement at Chile's APEC summit as previously expected

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Canadian Dollar Outlook: USD/CAD Plummets into Support- Loonie Stall?

The Canadian Dollar offensive has stalled with a three-week breakdown taking price into initial support. Here are the levels that matter on the USD/CAD weekly charts.

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US Dollar Drops on Consumer Confidence Miss Ahead of FOMC

USD price action came under pressure following a disappointing Consumer Confidence report for October which sent the US Dollar Index to session lows.

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GBP/USD Muted, USD/JPY Rejects 200DMA, EUR/CAD Tests 7-Year Trendline - US Market Open

The UK look to be heading towards a December general election. Canadian Dollar tracks oil prices lower, while Japanese Yen rejects 200DMA.

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Gold Price Outlook: Bull Flag Tested, Can Gold Bulls Break Through?

Gold prices remain in a bull flag formation and last week's resistance test has seen a hold of October highs. Will Gold bulls re-take control around FOMC?

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EUR/USD Biased Lower as High Importance Data and Events Near

The Eurozone economic calendar is packed full of market moving data in the second half of the week, and with the Euro already struggling, further falls in the single currency may well be on the cards.

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Canadian Dollar Outlook: USD/CAD Testing Support as Rate Decisions Loom

USD/CAD continues to move lower and is nearing multi-month support. Wednesday’s FOMC and BoC interest rate decisions - and rhetoric - may be the catalyst for the next leg lower.

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Brexit Briefing: GBP/USD Eyes Today's Vote for Early Election

GBP/USD calm as Boris Johnson looks to try force an early election again in today's vote.

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GBP/USD May Wobble Between Brexit Woes, US Consumer Confidence

GBP/USD may oscillate between the perils of Brexit and US consumer confidence data, though volatility may be tempered by traders withholding capital until the FOMC rate decision.

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Monday, 28 October 2019

Crude Oil Prices Slip Back as Market Looks Nervously to US Stockpiles

Commodity markets are generally in thrall to hopes for a US rate cut, and better news on the US-China trade front. Oil has more specific worries in mind, with inventories in focus.

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Gold Price Forecast: Bull Flag on Radar Ahead of Fed Rate Decision

Failure to test the monthly-low ($1459) may bring the topside targets on the radar for gold as a bull-flag formation continues to take shape.

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US Dollar May Rise on USD/INR Bullish Hint as India Credit Teeters

The US Dollar may rise against the Indian Rupee with the latter vulnerable to deteriorating local credit conditions. The USD/INR chart hints that a turn higher may be due ahead.

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Palladium Prices Jump to Record High But Signs of Trouble Brewing

Palladium prices jumped to a record high above the $1800/oz figure but technical cues warn of ebbing momentum even as fundamental headwinds gather.

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US-China Trade War Crushes FDI in Latest Sign of Real-World Hit

Growth-linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed.The global economy however remains depressed and seems likely to remain so.

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NZD/USD Rate Rebound Unravels Following Failed Test of September High

The recent rebound in NZD/USD unravels ahead of the September-high (0.6451), with the exchange rate carving a fresh series of lower highs and lows.

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US Dollar Outlook: USD/KRW Downtrend May Slow Ahead of FOMC

USD/KRW’s decline may soften if the US Dollar edges higher ahead of the FOMC rate decision against the backdrop of sour South Korean business survey data.

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GBP not off the Hook as Parliament Rejects Election, AUD May Gain

The British Pound is still at risk to falling after the UK Parliament rejected a call for an early general election. Ahead, the Japanese Yen may weaken as the Australian Dollar gains.

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Hong Kong Slips into Recession, but Fed Meeting Steals the Spotlight

The Hong Kong economy, the 31st largest in the world, slipped into a technical recession according to the city’s Financial Secretary aid, yet the development has been largely overshadowed by the Fed.

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US Dollar Price Volatility Report: GBP/USD, AUD/USD, USD/JPY Eyed

Ahead of the October Fed meeting, the US Dollar turns to the latest consumer confidence report and brings USD/JPY into focus while GBP/USD eyes Brexit and AUD/USD a speech from RBA's Lowe.

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Nasdaq 100 Outlook: Top Earnings to Watch in the Week Ahead

The Nasdaq will look to extend its rally with the help of earnings reports from Facebook, Apple and Google in the week ahead. Still, Wednesday’s Fed meeting could derail such an attempt.

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VIX: Stocks at Record High as Fed & Trade Dispel Recession Risk

The VIX Index took a nosedive below the 13.00 handle as stocks in the S&P 500 soared to fresh records ahead of another Fed rate cut as as President Trump jawboned risk assets higher with trade opti...

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Bollinger Band Signals: Gold, GBP/USD, USD/CAD & Dow

Trading with Bollinger Bands can offer useful insight on market price action considering the technical indicator's simplicity and unique characteristics.

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Rate Cuts Due from the Fed and BOJ, BOC Cut Odds Plummet - Central Bank Watch

Both the Federal Reserve and Bank of Japan are expected to cut rates when they meet next week.

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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

It's a big week for the US Dollar and a number of drivers on this week's economic calendar can prod volatility in either direction.

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GBP/USD Eyes Early Election Vote, S&P 500 at Record High on Trade War Latest - US Market Open

Tentative trade in FX markets with major pairs holding relatively tight ranges ahead of this week’s key risk events. GBP/USD looks to general early election vote.

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Dollar, Pound, Dow – Prepare for Volatility with FOMC, GDP, More

Though there was some moderate lift in risk-leaning assets and even a few technical milestones marked this past week, the markets have not yet committed to a clear direction nor even shift in momen...

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Gold Price Forecast - Chart Breakout Suggest Higher Prices Ahead

Gold broke out of its technical range on Friday and may well look to push further ahead. Traders should be wary of a slew of high importance US data releases out this week that may stifle the curre...

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British Pound Braces for Brexit Turmoil. General Election Ahead?

The British Pound may suffer if UK lawmakers continue to flounder on a possible path forward for Brexit as the October 31 deadline looms. Will there be an election?

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Sunday, 27 October 2019

Gold Prices Steady Despite US-China Trade Hopes as Market Eyes Fed

Gold prices generally wilt when risk appetite is seen gravitating toward riskier assets but the prospect of lower US rates underpinned the metal.

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USD/CAD Rate Depreciation Stalls Ahead of BoC and Fed Rate Decisions

The decline in USD/CAD appears to have stalled, but the Canadian Dollar may continue to outperform its US counterpart as the Fed is expected to deliver another rate cut.

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US Dollar May Gain vs SGD, MYR, PHP on Trade Wars, Fed, GDP Data

The US Dollar may rise versus the Singapore Dollar, Malaysian Ringgit and Philippine Peso. US-China trade war woes, Fed, GDP and APAC manufacturing data leave room for risk aversion.

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AUD/USD Forecast: RSI Offers Bearish Signal Ahead of Australia CPI

AUD/USD may continue to give back the advance from the 2019-low (0.6671) as the Relative Strength Index (RSI) offers a bearish signal.

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US Dollar May Rise vs NOK and SEK on FOMC, Q3 Earnings, GDP Data

The US Dollar may rise against the Swedish Krona and Norwegian Krone if the FOMC rate decision, Q3 earnings, GDP data and Brexit boost the appeal of anti-risk assets.

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Japanese Yen May Fall as US Dollar Sets Up to Overturn Downtrend

The anti-risk Japanese Yen may see slight weakness early into the week as the US Dollar sets itself up to reverse the near-term downtrend. Will APAC stocks follow Wall Street higher?

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Weekly US Dollar Forecast: October Fed Meeting, September US Jobs Report in Focus

Rates markets are discounting a 90% chance of a 25-bps rate cut this week at the October Fed meeting. Meanwhile, the September US jobs report looks like it will be weak.

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Dollar, Pound, Dow – Prepare for Volatility with FOMC, GDP, More

Dow Jones and FTSE 100 Forecast for the Week Ahead

FTSE 100 posts the strongest weekly rise in 9-months as Pound drops on election risks, while Dow Jones looks to corporate earnings, NFP and Fed decision.

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Saturday, 26 October 2019

Sterling (GBP) Weekly Outlook Under Pressure From Brexit and Parliament

Sterling is flagging going into the weekend and may struggle to recover as the shambles otherwise known as Brexit continues to weigh on the British Pound.

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Gold Price Outlook Hinges on Fed Rate Decision and Forward Guidance

The Federal Reserve interest rate decision is likely to influence the price of gold as the central bank is widely expected to deliver another rate cut in October.

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Crude Oil Price Outlook Bearish on OPEC Output, Fed, US-China Trade

The crude oil price outlook is bearish as the Fed rate decision, US-China trade tensions and Brexit uncertainty risk overpowering upside pressure from the next OPEC production report.

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Friday, 25 October 2019

Australian Dollar Market Will Be Fed Focused, But Watch Aussie CPI

A livelier week is in prospect for the Australian Dollar with one or two fascinating domestic data points in prospect before we get to the main event.

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US Dollar Price Volatility Report & Implied Trading Ranges for Next Week

The US Dollar faces intimidating event risk ahead with US GDP data and a FOMC rate decision on deck. Here's where major USD currency pairs are expected to trade next week.

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Bitcoin Price Forecast: BTC Surges as Bulls Take a Stand, Death Cross Looms

After breaking lower in late September, Bitcoin has continued to slip despite fundamental tailwinds and technical support. With the formation of a death cross, more losses could be ahead.

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Rate Cuts Due from the Fed and BOJ, BOC Cut Odds Plummet - Central Bank Watch

Both the Federal Reserve and Bank of Japan are expected to cut rates when they meet next week.

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Aussie Price Outlook: Australian Dollar Breakdown Eyes Trend Support

Aussie is down more than 0.3% this week with the decline now testing monthly uptrend support. Here are the levels that matter on the AUD/USD price charts.

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US Dollar Price Action: GBP/USD, EUR/USD - US Market Open

The greenback is marginally positive for the session as we close out the week. Sterling reports is first weekly drop in a month as Brexit uncertainty persists.

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Euro and Gold May Rally, US Dollar Falls: Charts for Next Week

The Dollar could be set up to decline more next week, giving the Euro and precious metals a boost.

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EUR/USD Forecast - Price Action Continues to Press Lower

The latest ECB Survey of Professional Forecasters will make uncomfortable reading for incoming ECB head, Christine Lagarde with inflation and growth expectations lowered while unemployment is slate...

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Brexit Latest: Has Sterling (GBP) Priced-in Any General Election Risk Yet?

The Brexit saga takes another twist as UK PM Boris Johnson calls for a General Election while the opposition party shies away from going to the country for now. Sterling needs to look at these shor...

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How to Trade the Impact of Politics on Global Financial Markets

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

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Thursday, 24 October 2019

Crude Oil Prices Slip Back After Week's Gains, Demand Worries Drive

Crude oil prices got a fillip earlier this week from a stronger than expected US stock drawdown. But gloomy economic data elsewhere has begun to drag.

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US Dollar May Rise as Markets Stockpile Cash Despite Fed Rate Cuts

Recent US Dollar weakness may give way to the next leg in an almost two-year uptrend as markets stockpile cash despite the Fed’s interest rate cut cycle.

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How Crude Oil Prices React to Weather-Induced Disruption Fears

With increasing volatility in weather patterns, how might storms, hurricanes and floods rattle the supply chain for petroleum-based products and impact crude oil prices?

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Indian Rupee Will Struggle Along With India's Troubled Banking Sector

As China’s growth slows, the currency of the other Asian titan ought to be burnished as investors look elsewhere. However, that’s not happening.

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Gold Price Forecast: Bull Flag to Negate Head-and-Shoulders Top

The price of gold breaks out of a narrow range, with a bull-flag formation taking shape amid the failed attempt to test the monthly-low ($1459).

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Yen Rose After Draghi, Pence, Amazon Earnings. NZD/USD May Reverse

The Japanese Yen may rise ahead as S&P 500 futures sink. The New Zealand Dollar could be topping after Mario Draghi, Mike Pence and disappointing Amazon earnings soured risk appetite.

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US Dollar Price Volatility Report: Recession Risk Eyes Sentiment

US Dollar implied volatility measures fade into Friday's trading session, though recession risk will be front and center with consumer sentiment data on deck and US-China trade tensions back on the...

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Amazon Earnings and Consumer Appetite, Will Trade Wars Steal Christmas?

Amazon’s quarterly earnings due Thursday afternoon are destined to provide crucial insight on the state of consumer spending ahead of the upcoming holiday season.

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Canadian Dollar Price Outlook: USD/CAD Free-Fall Slows- Loonie Levels

The Canadian Dollar has continued its counter-offensive with USD/CAD now approaching the first support hurdle. Here are the levels that matter on the Loonie charts.

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US-China Trade War Latest: VP Pence Speaks with Hawkish Tone

US Vice President Mike Pence is giving a speech on trade relations with China and provides markets with Washington's latest commentary on outstanding issues like national security and human rights.

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Gold Price Targets: XAU/USD Threatens Breakout- GLD Outlook

Gold prices are coiling into the monthly opening-range just below downtrend resistance- breakout imminent. Here are levels that matter on the XAU/USD charts.

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US-China Trade War Latest: VP Pence Speaks with Mixed Tone

USD/JPY Slides on Weak Durable Goods but Bounces on PMI Data

USDJPY gained after the release of US Markit Manufacturing data this morning following a weak US durable goods print

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

Draghi's final meeting atop the ECB is now in the books, and focus shifts to a flurry of US data in the week ahead as the Q4 USD reversal remains in focus.

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ECB Announces Monetary Policy Decision, EUR/USD Unmoved

The Euro sees a muted response following the ECB monetary policy decision in which the central bank kept policy tools unchanged

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DAX Price Action Setup: ECB Volatility Muted, Eyes on US Data

DAX extends on gains to trade at highest level since mid-2018. ECB unlikely to provide notable volatility, therefore we look towards US PMI surveys.

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Brexit Latest: Sterling (GBP) Remains Firm Despite Ongoing Confusion

Brexit disarray continues as talk of a general election continues to swirl round the market with none of the major parties yet to take a firm stance.

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EUR/USD Price Outlook: ECB Meeting Now in Focus After Mixed PMIs

EUR/USD added 20 pips then gave them back after a mixed bag of PMIs with France outperforming, while Germany remains mired. Next up, President Mario Draghi's last ECB meeting and press conference.

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Euro Outlook: EUR/GBP, EUR/USD Eye ECB Rate Decision, Eurozone PMI

EUR/USD may fall if ECB commentary and Eurozone PMI data cause capital to flee the Euro and into the open arms of the US Dollar. EUR/GBP price moves may be tempered or exaggerated by Brexit.

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Wednesday, 23 October 2019

Gold Prices Hold Up As Markets Eye Fed, Oil Prices Pare Gains

All-too familiar concerns dogged the gold and oil markets in Asia, with the prospect of lower borrowing costs adding to reasons to hold the yellow metal.

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AUD/USD Rate Outlook Mired by Failure to Test September High

AUD/USD struggles to extend the bullish price action from last week, with the failed attempt to test the September-high (0.6895) bringing the monthly range on the radar.

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Palladium Vastly Outperformed Gold Prices in 2019. Is it Topping?

Palladium gains have been more than double that of gold in 2019 but global economic slowdown threatens to cool the rally. The chart setup is showing early warning signs.

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Caterpillar's Asia Warning Shows US-China Trade War Now Bites Deep

Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same.

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Oil Price Breaks Out as US Crude Inventories Unexpectedly Contract

The price of oil breaks out of the range-bound price action from earlier this month amid an unexpected decline in US crude inventories.

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Euro, NOK, SEK Brace for Riksbank, ECB and Norges Bank Rate Moves

The Euro, Swedish Krona and Norwegian Krone may retrace some of their recent gains after the Norges Bank, Riksbank and ECB announce rate decisions and outlook on policy.

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Yen May Fall After Tesla Earnings Beat as USD/CAD Eyes 2019 Low

The Japanese Yen may fall ahead if Tesla’s earnings beat fuels risk appetite, boosting the Australian Dollar. Meanwhile, USD/CAD approaches 2019 lows amid gains in crude oil prices.

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US Dollar Price Volatility Report: Fed ‘Not QE’ Grows, ECB on Deck

The US Dollar selloff could resume with the Fed ramping up liquidity and the absence of fresh dovish action by Mario Draghi and the ECB. Also, US Durable Goods data on deck could propel Fed rate cu...

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S&P 500 Technical Analysis as Earnings Season Hits its Stride

The S&P 500 is in the depths of earnings season which has offered significant insight on the index’s constituents, but persistent resistance at 3000 has kept a lid on price gains.

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Euro Traders Beware: EUR Price Volatility & ECB Rate Decisions

ECB meetings typically propel volatility in the Euro. Here's how EURUSD, EURJPY, EURGBP, EURAUD, EURCAD & EURCHF have fluctuated historically and specifically around ECB rate decisions.

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Gold, USD, USD/JPY Ahead of FOMC: Will the Fed Deliver Another Cut?

The Fed meets for the October rate decision next week and markets are primed for a cut. But the context with which that cut is framed remains very important.

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Euro Rally Hits Pause Ahead of Draghi's Final ECB Meeting

Rates markets don’t anticipate any action from the ECB in the first half of 2020, now pricing in the next rate cut coming in September 2020 (53% chance).

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US Dollar Price Outlook: USD Recovery Play – DXY Trade Levels

The US Dollar is on the counteroffensive after plummeting more than 2.5% off the yearly highs. Here are the levels that matter on the DXY weekly chart.

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Geopolitics of Oil: Why Crude and Conflict Are So Closely Connected

Traders often turn to the oil market when looking for an asset to trade during a major political development, a change in the world economic outlook, a new trade dispute or armed conflict.

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GBP/USD Volatility in Freefall, US Dollar Tests 200DMA - US Market Open

Yesterday saw UK PM Johnson reach a majority for the Withdrawal Agreement Bill, something his predecessor failed to do on three attempts.

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WTI Crude Oil Price Outlook: Bear Flag Runs into Resistance

Oil prices came into October riding an aggressive short-side trend into a key zone of support. Since then, digestion, but that may not remain for long.

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Gold Price Testing Support as Merging Trendlines Hint at a Breakout

Gold is currently stuck between two trends and as they merge a breakout from range becomes increasingly likely.

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Brexit Briefing: GBP Price Eases, October 31 Deadline to be Missed

The GBP/USD price is easing back after a rejection of Boris Johnson’s Brexit timetable means the Halloween deadline for the UK to leave the EU is now almost impossible to meet.

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EUR/USD Price: Resistance Remains Firm Ahead of ECB Meeting, PMIs

EUR/USD is drifting lower ahead of Thursday’s ECB meeting after running into solid resistance at the 200-day moving average.

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British Pound Outlook: GBP Eyes BoE Testimony Amid Brexit Drama

The British Pound may continue to erase its recent gains if Bank of England Governor Mark Carney’s testimony to the House of Lords amplifies Brexit fears and pressure GBP crosses.

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Tuesday, 22 October 2019

Crude Oil Prices Fade Despite OPEC-Cut Reports, US Stock Build Eyed

Crude oil prices were initially supported by news that traditional producers may consider more production cuts, but the bullish effect of this did not last very long.

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Trump Policies Invite Inflation But Gold Prices May Fall Anyway

Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation.

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EUR/USD Rate Initiates Lower Highs and Lows Ahead of ECB Meeting

EUR/USD may stage a larger pullback ahead of the European Central Bank (ECB) meeting as the exchange rate carves a fresh series of lower highs and lows.

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GBP/USD and GBP/JPY Contrarian Outlook May Shift on Brexit Delay?

The British Pound may be at risk to losing upside momentum against the US Dollar and Japanese Yen as Brexit limbo fuels a shift in GBP/USD and GBP/JPY contrarian trading outlooks.

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Gold Price Outlook: Bull Flag Emerges amid Failure to Test Monthly-Low

Failure to test the monthly-low ($1459) may bring back the topside targets for the price of gold as a bull-flag formation takes shape.

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US Dollar, JPY May Rise if Q3 Earnings Show Wounds from Trade War

The US Dollar and Japanese Yen may rise if corporate earnings from industrial giants Boeing and Caterpillar show thinning profit margins amid the US-China trade war.

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GBP/USD Rate Sinks as Brexit Limbo Opens the Door to Yen Strength

The British Pound and S&P 500 sunk as Brexit limbo engulfed financial markets, leaving the door open for the anti-risk Japanese Yen to regain lost ground against the AUD and NZD.

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US Dollar Price Volatility Report: GBP/USD in Brexit ‘Limbo’

The US Dollar is attempting to reverse recent downside as the greenback rebounds off confluent support while risk trends begin to show signs of deteriorating as Brexit uncertainty reemerges.

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Dow Jones Forecast: Boeing's Earnings Could Spell Disaster for the Average

After starting the week off strong, earnings season turned to a mixed bag on Tuesday as some companies missed expectations. Now, the Dow Jones awaits earnigns from its largest component.

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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

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

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Aussie Price Outlook: Australian Dollar Surges into Trend Resistance

Aussie surged more-than 3% off the monthly lows with the advance now eyeing confluence downtrend resistance. Here are the levels that matter on the AUD/USD price charts.

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GBP/USD and EUR/GBP in Focus After Second Reading Brexit Vote Passes, Timetable Vote Fails

The British Pound swung wildly after UK Prime Minister Boris Johnson received preliminary approval for his Brexit deal from members of parliament.

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Nasdaq 100 Forecast: Tech Stocks to Bring Volatility in Earnings Season

After starting the week off strong, earnings season turned to a mixed bag on Tuesday morning as some companies missed expectations. Now, the Street will turn to Snapchat and Texas Instruments.

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Currency Wars: What to Expect if a Currency War Breaks Out?

The risks of a full-blown currency war is at an all-time high since the US-China trade began. While trade wars are fought with tariffs, currency wars can be fought in several ways.

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Sterling Price Outlook: British Pound Tests 1.30– Cable Break or Bend

Sterling surged more than 6.6% off the yearly lows with the advance now targeting near-term uptrend resistance. Here are the levels that matter on the GBP/USD charts.

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Crude Oil Prices Jump on OPEC Supply Cut Hopes This December

The price of crude oil spiked nearly 2% on reports that OPEC and its allies are debating whether to extend - and potentially increase - crude oil supply at its December meeting amid slowing global ...

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GBP/USD Drops as Government Threatens Election, Canadian Dollar Unfazed by Election - US Market Open

Sterling fell to session lows after the government threatened to pull the bill if MPs vote down the programme motion. Canadian Dollar unfazed by election.

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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, AUD/USD

The US Dollar has continued to fall in Q4 and the FOMC rate decision is on the calendar for next week. Can USD sellers continue to push?

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Market Sentiment Broadly Positive | Webinar

Trader confidence has recovered on hopes of a US-China trade truce and optimism that a hard Brexit can be avoided.

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S&P 500, DAX, FTSE 100 Outlook: Key Levels to Watch

S&P 500 continues to hold a relatively tight range, while DAX rises to a fresh 2019 peak. FTSE 100 bounces off key support ahead of Brexit vote.

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Brexit Briefing: GBP/USD Price Outlook Bullish as Votes Loom

The GBP/USD price remains in an upward trend as lawmakers debate the Brexit Bill in the UK Parliament.

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US Dollar May Rise as Markets Stockpile Cash Despite Fed Rate Cuts

Euro Outlook: EUR/USD May Rise with Euro Stoxx 50, DAX Index

EUR/USD may rise with European stocks if Fed easing expectations are amplified by the increased urgency to inject liquidity amid rising geopolitical risks and slowing economic growth.

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Monday, 21 October 2019

Gold Prices Creep Down, US-China Trade Hopes Buoy Risk Appetite

The old binary risk game around global trade swung back to optimism in Asia.Gold slipped but crude oil prices failed to gain as the market still looks well-supplied.

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USD/CAD Rate Depreciation Brings 2019 Low in Focus

Recent price action brings the 2019-low (1.3016) on the radar for USD/CAD as the exchange rate extends the series of lower highs and lows from the previous week.

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Indian Rupee Will Struggle Along With India's Troubled Banking Sector

As China’s growth slows, the currency of the other Asian titan ought to be burnished as investors look elsewhere. However, that’ s not happening.

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NZD/USD Rate Forecast: September High on the Radar Despite Dovish RBNZ

NZD/USD appears to be on track to test the September-high (0.6451) amid growing speculation for another Federal Reserve rate cut.

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Yen May Fall as Australian Dollar Gains, AUD/JPY Breakout Prolongs

The Australian Dollar rose as the Japanese Yen sunk amid a combination of Brexit, US-China trade deal hopes. AUD/JPY looks to extend gains after a candlestick pattern breakout.

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US Dollar Price Volatility Report: Dovish Fed Bets Firm, Liquidity Up

The US Dollar has swooned over the last three weeks and now looks to stem the bleeding. Though firming FOMC rate cut expectations, rising USD liquidity and Brexit optimism could stymie a rebound at...

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Canadian Dollar Price Outlook: USD/CAD Nearing Confluent Support Zone

USD/CAD has put in a stark bearish trend over the past couple of weeks, and Canadian elections are currently taking place which can keep the CAD on the move.

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Brexit Latest: GBP/USD Tops 1.30 as Bercow Blocks Meaningful Vote (Again)

GBP/USD extends its advance after the UK government was forced to request another Brexit delay over the weekend while Speaker John Bercow just blocked MPs from another meaningful vote.

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Gold Price Outlook: Gold Prices Continue Congestion as USD Dives

Gold prices continue to meander despite the breakdown in the US Dollar. The bull flag formation remains with the very big question of 'when.'

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GBP/USD Volatility to Persist, USD/CAD Tests Crucial Support - US Market Open

Sterling recovered from its initial dip to break above the 1.30 handle for the first time since May. Canadian Dollar firms on election day.

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Where To With Recession Fears, Trade Wars and Brexit In the Headlines?

Risk trends have held up well this past week despite a constant battering from recession fears and the growing concerns that trade war traction is slipping. With Brexit headlines over the weekend s...

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USD/CAD Price Outlook Dependent on General Election Outcome

USD/CAD has weakened in the lead up to the general election with the Liberal and Conservative parties currently neck and neck in polling.

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Ongoing Brexit Confussion Leaves GBP/USD Price Unfazed

This weekend’s proposed vote on PM Johnson’s deal was pulled after an amendment to the WA was voted through by Parliament. PM Johnson goes back to Parliament today unsure of what lies ahead.

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Canadian Dollar Price Chart: USD/CAD May Rise on Federal Election

The Canadian Dollar may suffer after the results of the Canadian federal election are released if incumbent Justin Trudeau secures a second-term. Why may markets welcome his opponent more?

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Sunday, 20 October 2019

Gold Prices Supported By Brexit Turmoil, US-China Trade Uncertainty

Gold prices were steady while oil prices slipped. Risk appetite was underpinned by ongoing Brexit purgatory while supply worries added to oil bulls’ woes.

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EUR/USD Recovery at Risk as RSI Fails to Push into Overbought Zone

EUR/USD clears the September-high (1.1110) ahead of the ECB meeting, but the bullish momentum appears to be abating as the RSI fails to push into overbought territory.

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US Dollar Outlook: MYR, SGD May Fall on CPI. Rupiah to Drop on Cut?

US Dollar weakness failed to translate into uniform ASEAN FX strength. The path for a US-China trade deal carries uncertainties. SGD, MYR eye CPI data as IDR looks to a rate cut.

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AUD/USD Eyes September High as China Pledges to Make ‘Joint Effort’

AUD/USD appears to be on track the test the September-high (0.6895) as China’s Ministry of Commerce pledges “to make joint efforts to achieve the final agreement.”

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British Pound Price Outlook: EUR/GBP, GBP/SEK, GBP/NOK Eye Brexit

Uncertainty about Brexit will continue to pull the British Pound in all directions and the uncertainty from the EU-UK divorce may pressure the Swedish krona and Norwegian Krone in the week ahead.

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Yen, Franc Up as Pound Drops on Brexit Bedlam But Stocks Hold Up

The anti-risk Japanese Yen rose as Brexit bedlam sank the British Pound, but stocks are holding up on bets that central banks will expand policy support.

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Weekly British Pound Forecast: Brexit Vote Delayed - What's Next?

With the UK parliament passing the Letwin amendment, several pieces of legislation need to be passed before UK Prime Minister Boris Johnson’s Brexit deal can be ratified.

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British Pound Prices May Gap Lower After Brexit Deal Vote Delayed

The British Pound may gap lower at the beginning of this week’s trading session after the UK Parliament voted to delay a definitive vote on Prime Minister Boris Johnson’s Brexit deal.

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Where To With Recession Fears, Trade Wars and Brexit In the Headlines?

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

The Dow Jones and Nasdaq 100 will await key earnings from some of the world’s largest manufacturers and tech companies while the DAX grapples with freshly-imposed tariffs.

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Saturday, 19 October 2019

Gold Weekly Outlook: Trade War Fears Battle US Dollar Weakness

Gold remains stuck in a range as a range of conflicting forces battle and fail to take control of price action.

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US Dollar Outlook Mired by Growing Bets for October Fed Rate Cut

Data prints coming out of the US economy may continue to drag on the Dollar as fears of a looming recession boosts bets for another Fed rate cut.

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Crude Oil Price Outlook: Trade War Pains May Prompt Selloff

Crude oil prices may encounter significant selling pressure if China retaliates against the US and pushes back trade war talks after the House passed a controversial bill over the Hong Kong protest...

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Friday, 18 October 2019

Australian Dollar Could Wilt if Brexit Delayed, Growth Risks Hang

The Australian Dollar could reverse gains if Brexit is forced to be delayed. Global growth slowdown woes and other fundamental risks may also undermine AUD/USD upside progress.

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US Dollar Price Volatility Report & Trading Ranges for Next Week

Check out these options-implied trading ranges for major USD pairs ahead of next week with the release of US Durable Goods data, an ECB rate decision and looming trade war headlines.

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Interest Rate Cut Odds Drop for BOC, ECB, and RBA - Central Bank Watch

With a Brexit deal in focus and the US-China trade war de-escalating, G10 currencies’ central banks’ rate cut odds have receded.

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The Stars Have Aligned for a Stock Market Breakout if Earnings Can Impress

US stocks have a lot on the line next week as a series of high-profile companies report their quarterly results. Among them are the largest components of the S&P 500, Dow Jones and Nasdaq.

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US Dollar Suffers, EUR/USD Gains, GBP/USD Eyes Critical Brexit Vote - US Market Open

Euro plays catch up with Sterling’s surge. Investors look towards Saturday’s critical Brexit vote. US Dollar sentiment wanes as index drops for third consecutive week.

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EUR/USD Price: Short-Term Rally May Run Into Resistance

EUR/USD recent rally has pushed it back to levels seen in late August. The over-bought pair are now likely to run into short-term resistance as the latest ECB meeting looms.

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Gold Price Nears Breakout as Trendlines Continue to Merge

Gold continues to trade in a narrow range and is likely to make a break, one way or another, shortly as support and resistance trendlines converge.

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Thursday, 17 October 2019

Euro Outlook: EUR/GBP May Rise if Brexit Hopes Continue to Fade

The Euro may rise vs the British Pound if uncertainty about Brexit pulls capital out of Sterling as UK lawmakers prepare for a key vote on Saturday.

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Crude Oil Prices May Fall as Markets Weigh Weekend Headline Risk

Crude oil prices may turn lower as jittery markets leery of headline-driven volatility move to de-risk portfolios ahead of the weekend.

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Australian Dollar Firm After China GDP Miss But Trend Aims Lower

The Australian Dollar shrugged off disappointing third-quarter Chinese GDP data but the overall trend continues to broadly favor weakness ahead.

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China GDP Preview: Lower Growth Rate to Rattle AUD/USD Recovery

Updates to China’s GDP report may rattle the recent advance in AUD/USD as Australia’s largest trading partner is anticipated to grow 6.1% in the third quarter of 2019.

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USD/JPY Rate Faces Bearish Reversal Pattern Amid Brexit Deal Hopes

The USD/JPY is carving out a bearish reversal pattern as Brexit deal hopes fuel gains in the British Pound and stocks. Ahead, AUD/USD risks reversing losses on China 3Q GDP.

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Bitcoin Price Forecast: BTCUSD Lacks Momentum Despite Key Tailwind

After suffering a debilitating breakdown in late September, Bitcoin has continued lower despite weakness in a key emerging market currency that has historically boosted BTCUSD.

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US Dollar Price Volatility Report: Will China GDP Spark Havens?

The US Dollar has swooned so far this month which sank the DXY Index below critical technical levels. Will China GDP data due Friday disappoint and spark demand for havens like the USD?

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Euro Price Outlook: EUR/USD Soars Through Resistance- Breakout Targets

Euro has broken above multi-month resistance with the rally taking price to levels not seen since August. Here are the levels that matter on the EUR/USD weekly chart.

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DAX 30 & CAC 40 Technical Forecast: Short Exposure Explodes as Indices Rise

After Brexit optimism helped to propel the DAX 30 and CAC 40 to their highest levels in months, IG clients have poured into the short side, betting the rally is overdone.

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EUR/USD, EUR/JPY Rallies Extend to Fresh October Highs on Brexit Deal

The Euro’s strong start to October has continued to build on the back of progress on the Brexit and US-China trade war fronts.

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US Dollar Price Outlook: USD Plummets into Multi-Year Trend Support

The US Dollar is testing multi-year uptrend support with the index down more than 1.8% off the yearly highs. Here are the levels that matter on the DXY weekly chart.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.

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Gold Prices Remain Subdued in Bull Flag as USD Drops Through Support

The US Dollar has fallen through the floor this week, helped along by Brexit dynamics; but Gold prices continue in a corrective bull flag formation.

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Brexit Latest: Sterling (GBP) Surges as Brexit Deal Agreed - What Next?

Sterling soars on the news that the EU and the UK have agreed a deal. Next up the UK Parliament will vote on the deal on Saturday with the DUP still offside.

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Brexit Latest: GBP/USD Surges as Brexit Deal is Done

GBP/USD rallies on reports that a Brexit deal between the UK and EU has been finalised.

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Brexit Hits a Stumbling Block; GBP/USD Slips But Remains Underpinned

Brexit negotiations continue with the EU said to be ready to offer the UK a deal. The DUP remain a stumbling block to a deal however, giving traders a reason to trim their Sterling positions.

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Wednesday, 16 October 2019

Gold Prices Up as Brexit Deal Hopes Fizzle After DUP Rejection

Gold prices are up as Brexit deal hopes fizzle ahead of a key EU leaders’ summit. Crude oil prices may be pressured lower by EIA inventory data.

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British Pound Price Outlook: EU Summit May Undermine Brexit Hopes

The British Pound may continue to slide and pare some of its recent gains as policymakers from the UK and EU enter a showdown over Brexit at the EU summit. Will they be able to reach a deal?

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Australian Dollar and ASX 200 Trend Hinges on RBA, Fed Rate Cuts

The Australian Dollar may resume its downtrend while the ASX 200 stock index powers higher as dovish monetary policy drives interest rates lower.

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GBP May Fall on CPI as Brexit Hopes Fizzle. USD Eyes Retail Sales

The British Pound may fall against its major counterparts if UK CPI data shows weaker price growth amid Brexit uncertainty. US Dollar traders will be closely watching retail sales figures.

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Australian Dollar Outlook: Will AUD/JPY Retreat From Resistance?

AUD/JPY has launched yet another attempt to breach multi-month downward trend resistance after failing to break above it in September. Will two consecutive defeats precede a reversal lower?

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AUD/USD Breakout Higher in Focus as Australian Unemployment Drops

The AUD/USD is attempting to break above key resistance again after Australian unemployment unexpectedly dropped. Aussie follow-through may have to wait for China 3Q GDP.

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US Dollar Uptrend at Risk, Japanese Yen May Gain as Stocks Sink

The US Dollar may reverse the dominant uptrend from June after dismal US retail sales data. Ahead, the anti-risk Japanese Yen may gain as the Australian Dollar eyes jobs data.

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Netflix Shares Soar After Earnings, But Will the Gains Last?

Netflix shares surged 10% after the close on Wednesday after the streaming-service announced it beat on earnings but missed analyst expectations on subscriber growth as competition closes in.

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US Dollar Price Volatility Report: DXY Index Breaches 98.00

The DXY Index sank below the 98.00 price level as US Dollar weakness persists, which is jeopardizing the greenback's longstanding bullish trend.

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Canadian Dollar Price Outlook: USD/CAD Plummets to Fresh Weekly Lows

The Canadian Dollar rallied for the second consecutive day taking USD/CAD towards near-term downtrend support. Here are the levels that matter on the Loonie charts.

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Can Earnings Propel the Dow Jones and Nasdaq 100 to New Heights?

With a strong start to earnings season and possible trade war deal, the fundamental landscape has opened the door for the Dow Jones and Nasdaq to reclaim prior highs. Now technicals stand in the way.

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WTI Crude Oil Price Outlook: Bear Flag Builds, Can Sellers Push Through?

Crude oil prices have continued to show digestion after the early-October re-test at key support. Are bears yet willing to push a breakdown?

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Currency Wars: What to Expect if a Currency War Breaks Out?

Gold Propels; Dollar Drops After US Retail Sales Disappoint

US Retail sales disappointed with a headline figure coming across the wires at -0.3%, vs expectations of 0.3% sending gold higher into the morning trading session.

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US Recession Watch, October 2019 - US-China Trade War Talks Dash Concerns

There is a 35% chance of a recession hitting the United States within the next 12-months, according to the NY Fed Recession Probability Indicator.

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Canadian Dollar Drops, GBP/USD Choppy, NZD/USD Underperforms

A typical choppy and volatile session so far for the Pound eyes on DUP support. Canadian Dollar drops as CPI slips below expectations.

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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/JPY

The US Dollar has held support at a key area on the chart. Will USD bears be able to push through, keeping topside scenarios active in EUR/USD and GBP/USD.

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EUR/USD Price: Struggles Continue, Sitting on 50-Day Moving Average

EUR/USD remains above 1.1030 with little fundamental news to push it much higher. The pair are currently finding short-term support from one technical indicator however.

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Brexit Latest: Sterling Slips as Brexit Deal Chances Downgraded

The UK government has just said that the chances of a Brexit deal are low, despite Tuesday’s optimistic outlook. And Sterling is giving back a portion of Tuesday’s gains.

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FTSE 100 vs FTSE 250: Brexit Progress Key to Outperformance

Brexit remains the dominant driver for UK assets, as such, with market participants predominantly on headline watch volatility is likely to ensue for both the FTSE 100 and FTSE 250.

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Crude Oil Prices May Fall on Cooling Brexit Deal Hopes

Crude oil prices may fall alongside stocks as fading hopes for a breakthrough Brexit deal sour risk appetite across financial markets.

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Tuesday, 15 October 2019

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

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

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AUD/JPY Fell After China Threatened Retaliation for US Hong Kong Bill

AUD/JPY and NZD/USD fell after China threatened to retaliate against the US if Washington passes a bill that supports the protestors in Hong Kong.

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AUD/USD Breakout Unravels as China Responds to Trump Tweet

The recent breakout in AUD/USD unravels, with the exchange rate carving a series of lower highs and lows as China offers details regarding “phase one” of the trade deal.

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US Dollar Price Volatility Report: Retail Sales & FOMC in Focus

The US Dollar stands to swing in response to retail sales data on deck for release Wednesday, which could sway Fed interest rate cut expectations in light of the US' consumer-driven economy.

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Nasdaq 100 Forecast: Will FAANG Dissolve if Netflix Earnings Disappoint?

The group of high-flying tech stocks, known as the FAANG group, could dissolve if Netflix has another disappointing earnings report. Already, the group’s creator is calling for a reshuffle.

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New Zealand Dollar Price Outlook: Kiwi Flirts with Support

New Zealand Dollar is paring a portion of the recent recovery off the yearly lows – a buying opportunity? Here are the levels that matter on the NZD/USD weekly chart.

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US Recession Watch, October 2019 - US-China Trade War Talks Dash Concerns

Canadian Dollar at Risk Ahead of CPI: USD/CAD, CAD/JPY, GBP/CAD

Canadian Dollar price action hinges on upcoming inflation data slated for release during Wednesday's trading session, which stands to weigh materially on BOC monetary policy outlook.

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EUR/USD's Bottoming Effort, EUR/JPY's Bullish Triangle Breakout Continue

The Euro’s strong start to the month and the final quarter of 2019 has continued through the ides of October.

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Sterling Price Outlook: British Pound Breakout Throttles Higher

Sterling surged more than 5.4% off the yearly lows with the advance now targeting uptrend resistance. Here are the levels that matter on the GBP/USD charts this week.

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IMF Cuts Global Growth Forecast as Trade Tensions Weigh

The International Monetary Fund downgraded their global growth forecast as they predict a deeper global slowdown attributed to trade and geological factors

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Brexit Latest: GBP/USD Rallies with UK and EU Close to Draft Brexit Deal

GBP/USD has rallied to fresh session highs on the back of reports that the UK and EU are close to agreeing a draft Brexit deal.

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GBP/USD Volatility Spikes Amid Key Brexit Talks, NZD/USD Eyes CPI - US Market Open

Politics continues to drive the Pound with option volatility spiking, while NZD underperforms ahead of the key CPI release.

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US Dollar Technical Outlook: EUR/USD, GBP/USD, AUD/USD, USD/JPY

The US Dollar has showed a pullback so far in Q4, but is testing a big zone of support around prior resistance.

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Gold Price Outlook: Setting Up for a Breakout as Trading Range Narrows?

Gold is forming a short-term symmetrical triangle off the recent $1,459/oz. low as support and resistance trendlines look to form an apex.

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Geopolitics of Oil: Why Crude and Conflict Are So Closely Connected

Gold Prices May Struggle Even as IMF, Bank Earnings Spook Markets

Gold prices may struggle to find lasting support even as the IMF downgrades its economic outlook while earnings reports from key US banks warn of credit market stress.

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GBP/USD Price Boosted by Brexit Talk, Mixed UK Jobs and Wages Data

GBPUSD trades at 1.2665, boosted in early turnover, boosted by talk that the EU still believe that a Brexit deal is possible this week. The latest UK jobs data for employment miss by a wide margin.

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EUR/USD Price Action Setup: Critical Resistance Prevents Sharp Reversal

Unlike the Pound, the recent gains in the Euro against the US Dollar have more or less been a grind higher as key resistance curbs any sharp appreciation in the pair.

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AUD/USD Technical Analysis: Trend Aims Lower Despite Choppy Trade

The Australian Dollar still seems to be biased lower against its US counterpart, with substantive losses hinted ahead despite near-term standstill in a choppy range.

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Euro and GBP Outlook: Volatility Ahead of BoE Testimony, ZEW Data

The Euro may fall if German ZEW data spooks markets, though its decline vs the British Pound may be less acute if BoE Governor Mark Carney’s premonitions about Brexit overwhelm GBP.

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Monday, 14 October 2019

EUR/USD Rate Eyes September High as ECB Pushes for Fiscal Support

EUR/USD appears to be making a run at the September-high (1.1110) as European Central Bank (ECB) officials push for fiscal support.

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US Dollar Outlook After USD/SGD Fell, MAS Eased Ahead of China GDP

The US Dollar faces mixed price cues against the Singapore currency after the MAS eased policy and ahead of China 3Q GDP. Will USD/SGD extend its decline towards rising support from 2018?

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US Dollar, Yen May Rise if IMF, World Bank Outlooks Spook Markets

The US Dollar and Japanese Yen may rise at the expense of equities and commodity-linked currencies if updated global growth outlooks from the IMF and the World Bank sap market confidence.

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USD/CAD Rate Forecast: September Range on Radar Ahead of Canada CPI

USD/CAD stands at risk of giving back the rebound from the previous month amid the failed attempt to test the September-high (1.3383).

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How to Trade the Impact of Politics on Global Financial Markets

EUR/USD Downtrend Held as Fed Sunk the US Dollar in Repo Operation

The AUD/USD downtrend holds as US-China trade deal optimism fades, boosting the anti-risk Japanese Yen. After aggressive gains, the British Pound hit an obstacle on Brexit news.

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US Dollar Price Volatility Report: IMF GDP Outlook & Fed Cut Odds

The US Dollar stands to get a jolt from the IMF's updated world economic outlook & GDP growth forecast as well as changes to Fed rate cut expectations following last week's trade talk progress.

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

The Australian Dollar has climbed substantially so far this month, but the Aussie could be at risk of reversing lower if recent US-China trade talk progress fails to materialize into a formal agree...

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

The Canadian Dollar is contracting within the confines of five-week range in price - looking for the break. Here are the levels that matter on the USD/CAD weekly chart

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USD/CNH: Yuan Rallies on US-China Trade Deal Hopes – Will it Last?

The Chinese Yuan could be at risk of reversing its latest rally on hopes of a trade war breakthrough if the recent ceasefire fails to soon materialize into a formal agreement.

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BOC, ECB, & RBA Rate Expectations Drop as Global Recession Fears Cool - Central Bank Watch

With Brexit on a path towards resolution and the US-China trade war looking like it will move past the impasse, fears of a global recession have abated sharply in recent days.

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Gold Price Outlook: Gold Prices Bounce, Can Bulls Continue to Push?

Gold prices ran into a key support zone last week and that helped to hold the lows. But are Gold bulls ready to come back similar to what showed in June?

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GBP/USD Dips, USD/TRY Extends Rally, AUD/USD at Lows - US Market Open

GBP/USD weakens as hurdles remain ahead of the EU summit, while USD/TRY pushes higher on potential US sanctions.

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Will Risk Trends Extend Charge and EURUSD Reverse with Trade War News?

This past week reflected a strong charge in risk-leaning assets like the Dow under the auspices of an impending US-China trade deal. Progress was found between these two key players through Friday,...

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Sterling (GBP) Rally Stalls as Brexit Negotiations Intensify - Webinar

Sterling has pared some of last week’s strong gains and traders now wait for further Brexit news ahead of an important EU Council meeting later this week.

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GBP/USD Price Slips Lower as Brexit Reality Starts to Bite

Sterling (GBP) opens the week on the back foot as Brexit hopes begin to fade. Gaps between the two sides remain and an extension is looking more likely.

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Euro May Rise vs GBP on Brexit Woes, Eurozone Industrial Data

The Euro may rise vs the British Pound if Brexit worries sap demand, pushing EUR/GBP higher following last week’s dramatic selloff. The publication of Eurozone industrial production might reinforce...

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Sunday, 13 October 2019

Gold Prices Eye Monthly-Low Despite Bets for Another Fed Rate Cut

The price of gold is at risk of giving back the advance from the start of the month as the RSI continues to track the bearish formation carried over from June.

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Crude Oil Prices May Give Back Gains as Brexit Optimism Wanes

Crude oil prices rose with stocks amid hopes for a Brexit deal last week, but waning optimism may force retreat as the EU pours cold water on breakthrough prospects.

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GBP, SEK, NOK Brace for Brexit Drama Ahead of EU Summit

The Swedish Krona and Norwegian Krone will be in for a tense week ahead of Brexit-related drama and a crucial EU summit which could be a turning point for the EU-UK divorce.

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US Dollar Outlook on SGD, INR and IDR Amid Trade Talks, China GDP

The US Dollar may rise if US-China trade deal optimism fades. The Singapore Dollar and Indian Rupee may weaken if China GDP continues slowing and the IMF reiterates trade uncertainty.

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AUD/USD Breaks Out of Monthly Opening Range on US-China Trade News

AUD/USD may stage a larger correction as the US-China trade truce encourages the Reserve Bank of Australia (RBA) to implement a wait-and-see approach for monetary policy.

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US Dollar, London Increase Currency Market Dominance, Yuan Stagnates

The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever.

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USD/JPY May Reverse as AUD/USD Follows Post US-China Trade Talks

The anti-risk Japanese Yen may rise as the sentiment-linked Australian Dollar falls after markets seemed underwhelmed by US-China trade talks. USD/JPY stalled at resistance.

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Will Risk Trends Extend Charge and EURUSD Reverse with Trade War News?

S&P 500 & FTSE 100 Fundamental Forecast

Event-driven sentiment means that key focus remains on Brexit negotiation and US-China trade talk progress to extend equity market gains. We are ourselves, deal of no deal?

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Saturday, 12 October 2019

GBP Braces For Brexit Turmoil, EU Summit: Will There be a Deal?

The British Pound will be in for a volatile week ahead of critical talks at the EU-UK summit as the October 31 deadline approaches. Will policymakers be able to avoid a no-deal Brexit?

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US Dollar (USD) Weekly Outlook: US-China Trade Talks are Key

The US dollar is on the back foot and is trading at lows seen three-weeks ago as optimism builds that the US and China will find some common ground and avert escalating the 15-month old trade war.

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Oil Prices to Stay Afloat for as OPEC Emphasizes December Meeting

Recent developments coming out of OPEC may fuel the recent rebound in the price of crude oil as group emphasizes its pledge to balance the energy market.

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Friday, 11 October 2019

US Dollar Price Volatility Report: Retail Sales Eyed Post-Trade Talks

USD price action could get a jolt from upcoming retail sales data and changes in Fed rate cut bets following the announced 'phase 1' US-China trade agreement.

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AUD in Thrall to US-China Trade Story, RBA Minutes, Jobless Data Loom

There’s domestic interest for Australian Dollar investors this week. Full-time employment growth disappointed last month. If it does so again the currency could slide.

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S&P 500 Drops as Trump Announces Partial Trade Deal

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Gold Sinks, S&P500 Rises Further on Solid Consumer Sentiment Data

This morning’s Consumer Sentiment report from the University of Michigan beat estimates this morning as lower interest rates and inflation expectations bolstered consumer sentiment.

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BOC, ECB, & RBA Rate Expectations Drop as Global Recession Fears Cool - Central Bank Watch

USD/CAD Spikes Lower on Strong Canadian Jobs Data

Canadian Dollar strengthens on the back of better than expected jobs data, in which the employment change rose 53.7k vs. Exp. 10k, while the unemployment rate dropped to 5.5%

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Sterling (GBP) Price Continues to Rally on Renewed Brexit Optimism

Sterling (GBP) retains a strong bid across the board after European Council President Donald Tusk tweets that he has received ‘promising signals’ from Irish Taoiseach Leo Varadkar.

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Gold Price Boosted by Flagging US Dollar, Tempered by Risk-On Hints

Gold moves back above $1,500/oz. in early turnover, boosted by a weaker US dollar backdrop. The rise is being held in check by a positive risk set-up as US Trade talks and Brexit negotiations take ...

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Brexit Latest: GBP/USD Rally Holds, Eyes on Today's Crucial Brexit Meeting

GBP/USD holds sharp rally as optimism surrounding the prospect of a Brexit deal keeps the pair underpinned. Markets await confirmation from today’s Brexit meeting.

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Thursday, 10 October 2019

US Dollar May Recover Versus Euro, Pound if Trade Talks Falter

The US Dollar may recover against the Euro and British Pound if a collapse in US-China trade talks sinks market mood and fuels haven demand, boosting the highly-liquid Greenback.

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Asia Stocks Jump As Trade Hopes Endure, Trump-Liu Meet Eyed

Optimism that something solid will come out of this week’s Washington get-together of high-level negotiators from China and the US kept equity well underpinned Friday. Such hopes have been dashed b...

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Crude Oil Prices Brace for More Trade Talks and Key Drilling Data

Crude oil prices surged on Thursday amid new developments in the US-China trade war and are now eyeing more negotiations between key officials against the backdrop of key drilling data.

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US Dollar Price Volatility Report: Consumer Sentiment Data Due

The US Dollar breached a major support level and exposes the greenback to further downside - particularly if US-China trade talks sour or Friday's release of consumer sentiment data disappoints.

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AUD/USD Bounces Back as Trump Fuels Hope for US-China Trade Deal

AUD/USD retraces the decline from earlier this week as US President Donald Trump tweets that Friday will be a “big day of negotiations with China.”

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GBP/USD Rallies Most Since 2017 on Brexit Optimism, Yen May Weaken

The British Pound may continue its Brexit-fueled rally, clearing resistance. The anti-risk Japanese Yen may weaken as US-China trade deal optimism extends into Friday’s session.

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Canadian Dollar Outlook: USD/CAD, EUR/CAD, CAD/JPY, GBP/CAD

The Canadian Dollar appears ripe for heightened volatility with Friday's release of Canada jobs data on deck, which has potential to sway the BOC's monetary policy outlook later this month.

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British Pound (GBP) Surges as Varadkar Hints at Brexit Deal

The Pound Sterling is rallying as the latest Brexit news points to a possible breakthrough over the controversial Northern Ireland backstop according to Varadkar, which could lead to a deal.

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Silver Price Outlook: XAG/USD Stalls but Risk Remains– Trade Levels

Silver plummeted nearly 11% off the September highs with price stuck in a wide range just below resistance. Here are the levels that matter on the XAG/USD weekly chart.

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US Dollar Catches Support After Another Core CPI Print at 2.4%

The US Dollar caught support this morning after another Core CPI print at 2.4%. But will this dissuade the FOMC from rate cuts at the meeting later this month?

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US Dollar Rallies as US Inflation Report Alleviates Immediate Recession Fears

Headline September US CPI missed expectations at 1.7% y/y, but given fears of an even deeper setback, traders are looking at the US inflation report as a relief.

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EUR/USD Price Action: Euro Breaks out of Downtrend - US Market Open

Euro breaks out of 3-month downtrend; however, current macro backdrop may see gains somewhat limit. Swedish Krona rallies.

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FTSE 100 Forecast: Death Cross Signals Bad Omen for FTSE 100

FTSE 100 forms a death cross, raising risks to the downside. Prior death cross formations have typically shown the FTSE 100 heading lower.

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GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

Sterling (GBP) picked-up a small short-term bid after the latest UK growth data. Three-month rolling GDP picked up, but August’s monthly reading fell into negative territory.

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EUR/GBP Price Analysis - Running into Fibonacci Resistance

EUR/GBP is approaching an important technical indicator which will define the short-term price movement. A clean break and close higher is needed to keep the recent bullish momentum intact.

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Wednesday, 9 October 2019

GBP/USD at Risk for Further Losses as Brexit Negotiations Collapse

GBP/USD extends the decline from the monthly-high (1.2413) amid little signs of an imminent Brexit deal.

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Asia Stocks, Currencies Whipsaw on US-China Trade Headline Blitz

Asia-based investors had to deal with apparently conflicting news on US-China trade talks. Optimism seems to be edging it for now, but hard facts remain elusive.

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Gold and Crude Oil Price Outlook Vulnerable to US-China Trade News

Gold and crude oil prices are vulnerable to volatile US-China trade updates after markets swung between a lack of progress in talks and reports of a currency pact. US CPI data is due.

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AUD, NZD Pop Higher On Report US Considering China Currency Pact

News that some progress might be made in US/China trade talks boosted growth correlated currencies, as did reports that the US will allow some companies to supply Huawei.

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Oil Price Forecast: Record US Crude Output to Fuel Bear Market

The price of oil struggles to retain the advance from earlier this week, with crude facing a greater risk of a bear market as US production hits a fresh record high.

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USD/JPY and AUD/USD Tumble as US-China Trade Talks Lack Progress

The USD/JPY, AUD/USD and S&P 500 futures tumbled amid reports that the US and China saw no progress in trade talks. China’s delegation team is now planning to leave the US a day earlier.

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US Dollar Price Volatility Report: Trade Talks, CPI on Deck

The US Dollar remains front and center with high-level trade talks and the release of inflation data on deck for Thursday's trading session. Take a look at options-implied USD trading ranges here.

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Euro Price Outlook: EUR/USD Plunge Pauses at Downtrend Support

Euro rallied nearly 1% off the yearly lows registered last week– the start of something or just a rebound? Here are the levels that matter on the EUR/USD weekly chart.

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FTSE 100 Threatens a Death Cross, CAC 40 Has Time Yet

The 50-day moving average on the FTSE 100 is dangerously close to breaking beneath the 200DMA, an occurrence that typically precedes deeper losses.

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Oil Price Technical Outlook: Crude Oil Key Support is Back in Play

Sellers took another swing at crude oil prices coming into October, brining into play a key zone of chart support.

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US Dollar Gyrates as FOMC Minutes Underscore Divided Fed

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Quantitative Easing (QE) Explained: Central Bank Tool for Growth

What is quantitative easing (QE) and how do central banks like the Fed and ECB use it? Learn how QE supplements monetary policy when rate cuts don’t cut it.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

US Dollar Gains Limited Ahead of FOMC Minutes - Key Levels for DXY Index & USD/JPY

The DXY Index has made little progress in recent days, and as a result, prices have begun to coil ahead of the September FOMC minutes.

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China Open to Partial Trade Deal, GBP/USD Volatile, FOMC Minutes in Focus - US Market Open

Risk sentiment and high beta currencies (AUD, NZD) have been boosted, while safe-havens suffer following the latest source reports, which noted that China are open to a partial trade deal.

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

The US currency continues with little direction so far this week, but a busy set of drivers can change things very quickly in USD.

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Crude Oil Price Building a Familiar Trading Pattern

Crude oil has turned higher off recent support in the last few days but needs to push much higher if it is to confirm a fresh bullish outlook.

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Brexit Latest - Talk That EU is Ready to Offer UK Major NI Concession

In the last few minutes, market talk that the EU is ready to offer the UK a major concession on the Northern Ireland backstop in attempt to break the current Brexit gridlock.

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Brexit News: Negotiations Collapsing, Sterling (GBP) Under Pressure

Brexit negotiations teeter on the edge of collapse, just days before the EU leaders meet at what is seen as the last opportunity to strike a deal. Sterling volatility is ratcheting up.

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Tuesday, 8 October 2019

US Dollar, Euro Brace for FOMC Minutes, IMF Global Growth Update

The US Dollar may rise vs the Euro if the FOMC meeting minutes undercut dovish expectations from the markets. Volatility may also be amplified by the IMF’s update on world growth.

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USD/CAD Rate Fails to Test September High Ahead of FOMC Minutes

USD/CAD fails to test the September-high (1.3383) ahead of the FOMC Minutes, but the shift in trade policy may keep the exchange rate afloat amid the snag with the USMCA.

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Asia Stocks Head Lower As Hopes Fade For US-China Trade Talks

Progress always looked like being hard-won at this week’s high-level meeting in Washington, but the backdrop has darkened and investor doubts are growing.

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Crude Oil, Gold Prices Turn to FOMC Minutes After Powell Comments

Crude oil and gold prices will be now turning to the release of the FOMC meeting minutes after Jerome Powell’s comments at the NABE conference in Denver sent markets an interesting message.

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AUD/USD Eyes 2019-Low as China Pledges to Retaliate to US Blacklist

AUD/USD appears to be on track to test the 2019-low (0.6671) as the exchange rate carves a fresh series of lower highs and lows.

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AUD Hit. Consumer Confidence Wilts Despite Sub-1% Interest Rates

The Australian Dollar took a hit when news crossed the wires that a key measure of consumer confidence was at a four-year low

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GBP/USD Dips on Brexit Woes as USD/JPY Falls on Trade War Fears

The British Pound slumped over rising concerns of a “no-deal” Brexit at the end of this month while the Japanese Yen rallied as US-China tensions sent the S&P 500 down 1.52 percent.

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Gold Price Forecast: XAU/USD ETF Holdings Surge to 6-Year Highs

The total known holdings of gold via the exchange traded fund market have surged to their highest since February 2013. The continuous demand for gold could help to boost the commodity’s price.

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