Euro Rate Outlook Hinges on CPI, Lagarde Testimony

Fresh developments coming out of the Euro area may curb the recent depreciation in EUR/USD as the ECB tames speculation for additional monetary support.

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Weekly Gold Price Forecast: Kicking the Can on a US-China Trade War Phase 1 Deal

Gold price’s next move is largely dependent upon what happens in the US-China trade war.

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US Dollar May Rise as US-China Trade Deal, Key Data Fall Flat

The US Dollar may benefit from haven demand as key economic data falls short of expectations while any “phase 1” US-China trade deal disappoints.

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Canadian Dollar Outlook Bearish on BOC, Jobs Data, Trade War

The Canadian Dollar may face selling pressure if the BOC outlook strikes a more cautious note ahead of a cascade of key jobs data as US-China trade tensions escalate.

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Australian Dollar Could Struggle With RBA Rate Call, GDP Figures

The Australian Dollar is as in thrall to US-China trade headlines as any asset, but the coming week offers the prospect of much domestic distraction.

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China Makes a Bet Against the US Dollar as World Reserve Currency

There’s a significant reason why China has been issuing debt denominated in US Dollars.

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Japanese Yen Price Outlook: USD/JPY Faces Resistance / Six-Month High

The Japanese Yen is on the defensive as the US Dollar probes yearly open resistance at six-month highs. Here are the levels that matter on the USD/JPY weekly chart.

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Trump's Trade Wars: The Global Economy is Slowing

Evidence is mounting that global trade is reducing thanks to US-led trade wars, and thatthe slowdown is adversely affecting GDP growth worldwide, and therefore the markets.

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Canadian Dollar Firms Modestly as GDP Beats, but Still Decelerates

In a thinly-traded session, the Canadian Dollar was able to scrape together some gains after a slightly better than anticipated GDP report.

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EUR/USD Price Ignores Better-Than-Expected Euro-Zone Inflation Data

The latest set of Euro-Zone inflation data showed price pressures in the single-block picking up, beating market expectations. EUR/USD however failed to follow this uptick and remains glued to the ...

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Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Levels

AUD/USD downside momentum stalling, however, a slew of domestic data is likely to dictate price action. AUD/NZD continues to head lower.

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Brexit Briefing: DUP Rejects UK Government's Brexit Deal

Northern Ireland’s Democratic Unionist Party has launched its General Election manifesto, opposing key elements of the deal agreed between UK Prime Minister Boris Johnson and the EU.

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US Dollar, Rupee Forecast: USD/INR and Nifty Brace for India GDP

The USD/INR uptrend may resume as India GDP slows to a 2013 low on a teetering banking sector that threatens the Nifty 50. The Rupee has struggled despite US-China trade deal bets.

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Gold Prices Up, Markets Fret China Response To US Hong Kong Bills

Gold prices benefited from weaker risk appetite and softer risk appetite as Hong Kong continues to glower over US-China trade prospects.

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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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Australian Dollar Could Fall Sharply if RBA QE Becomes 'Live'

The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.

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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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Stock Market Crashes: Current Climate Compared to Prior Conditions

The stock market has rallied into the last months of the year, but 2019 was not without its turbulence and many pundits still fear a total collapse. But are those fears justified with stocks at rec...

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China Makes a Bet Against the US Dollar as World Reserve Currency

There’s a significant reason why China has been issuing debt denominated in US Dollars.

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Trump's Trade Wars: The Global Economy is Slowing

Evidence is mounting that global trade is reducing thanks to US-led trade wars, and thatthe slowdown is adversely affecting GDP growth worldwide, and therefore the markets.

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EUR/GBP Price: April 2017 Low In Sight as Negative Sentiment Holds Sway

EUR/GBP touched a multi-month low earlier in the session and support levels for the pair are starting to run out. Another positive General Election opinion poll for the Conservative Party may see t...

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EUR/USD Price Continues to Struggle Ahead of German Inflation Data

The euro continues to trade just above 1.1000 against the US dollar as traders wait for the latest look at German inflation.

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Risk Markets Nudge Lower After President Trump Signs the Hong Kong Bill

US President Donald Trump last night signed two Hong Kong pro-democracy bills, an action that will increase tension between the US and China and hinder ongoing trade talks.

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Brexit Briefing: Most Accurate Election Poll Predicts Conservative Majority, GBP/USD Rises

GBP/USD jumps as the long-awaited YouGov MRP Poll predicts a Conservative majority.

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Crude Oil Prices Hit By Stock Build, China Eyed as Trump Backs HK

Crude oil prices were already struggling with news of record UK weekly production when Donald Trump sapped risk appetite by signing support for human rights in Hong Kong into law.

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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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Euro Forecast: On Weak Footing as November Winds Down; No ECB Rate Cuts Due

The Euro has lost modest ground thus far in November, even as ECB rate cut expectations have evaporated for the next 12-months.

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Swiss Franc Looks Nervously to GDP, Trade War HIt Expected

The Swiss Franc has seen underlying weakness on many fronts , but evidence that trade tensions are hampering its home economy are unlikely to help.

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Euro Forecast: EUR/USD Selloff Ahead of Key EU, German Data?

EUR/USD is on the verge of breaking below key support which may precede an aggressive selloff. Eurozone confidence data and German CPI statistics may be the catalysts.

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Silver Prices Outlook Bullish After Trump Signs Hong Kong Bill

Silver prices may have a bullish session ahead after Trump signed a controversial bill supporting the Hong Kong protests which may catalyze an upside breakout in XAG/USD

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Gold Price May Attempt to Break Out Amid Failure to Test Monthly Low

The price of gold may attempt to break out of the range bound price action from earlier this week as the precious metal holds above the monthly low ($1446).

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USD/JPY, AUD/USD, NZD/USD Brace. Trump Signs HK Bill in Thin Trade

The USD/JPY, AUD/USD and NZD/USD dropped after Donald Trump signed the HK Bill, fueling trade war woes. Volatility may be amplified by the US Thanksgiving holiday and low liquidity.

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GBP/USD: British Pound Spikes as YouGov Poll Predicts Tory Majority

The British Pound surged above the 1.2920 mark to print fresh intraday highs after the latest UK election poll predicted Boris Johnson's Conservative Party will hold a commanding 68-seat majority.

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S&P 500 Trading to Pick Up Following Thanksgiving Week

A shortened holiday trading week will likely give rise to increased volume and range next week as traders mull Black Friday data

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Bitcoin Price Chart Turns Bullish, What Does This Mean for BTC/USD?

Bitcoin has fallen further since last week, but a bullish pattern on the 4-hour price chart could suggest the cryptocurrency is due for a resurgence in the near term.

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Canadian Dollar Outlook: USD/CAD Bulls at Risk – Loonie Trade Levels

The Canadian Dollar is firmer on the week but keeps USD/CAD within the monthly uptrend for now. Here are the levels that matter the Loonie technical charts.

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EUR/USD Re-Tests Confluent Support as USD Grinds at Resistance

Both the US Dollar and EUR/USD are testing big areas on the chart, and mean reversion would be a typical approach going into a holiday. But this isn't typical.

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Euro Slides in Thin Trading Session on EU-US Trade War Headlines

EUR/USD briefly fell below 1.1000 amid reports that the US would proceed with tariffs on the EU.

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GBP/USD Volatility Spikes Ahead of Key UK Election Poll - US Market Open

Market participants await election poll that predicted the 2017 outcome. GBP/USD overnight implied volatility spikes.

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US Dollar Climbs on GDP, Durable Goods & Jobs Data; Spending Ahead

USD price action spiked toward intraday highs as US Dollar outlook improves following rosy data reports that underscored the robustness of the US economy and a less-dovish Fed.

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Dow Jones, Crude Oil & Gold Technical Outlook

In today's session, we covered a few different markets; stocks are strong, oil is choppy and indecisive, while gold could break a little lower.

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Crude Oil Price Outlook Improves as US-China Trade Deal Edges Closer

The outlook for crude oil prices is positive but a strong advance is unlikely until the US and China conclude a trade agreement.

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EUR/USD Price Probing Support Ahead of US Data Releases

EUR/USD remains just above 1.1000 in thin trading conditions with support at 1.0981 likely to be tested if US data releases this afternoon confirm the strength of the US economy.

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Brexit Briefing: SNP to Argue a Deal is Nowhere Near Being Done

The Scottish National Party will claim today that the UK Conservative government has barely got going on Brexit and has not even started trade talks.

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DAX and FTSE 100 Technical Forecast: Risk of Reversal

DAX upside appears exhausted as the RSI heads lower, while the FTSE 100 faces its first significant test.

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US Dollar Eyes PCE, GDP Data as S&P 500 Shows Signs of Topping

The US Dollar along with equity markets will be closely watching the release of key data and how it may impact the Fed outlook right as the S&P 500 registers another all-time high.

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Gold Prices Fall as US-China Trade Hopes Hold Up, US Data Eyed

Gold prices struggled through the Asian session as risk appetite held up. Investors saw some chance of an interim trade deal between Washington and Beijing.

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AUD/USD Exposed to Dovish Guidance as RBA Identifies Roadmap for QE

AUD/USD tracks the range-bound price action from earlier this week, but the Australian Dollar may face a more bearish fate as the RBA endorses a dovish forward guidance.

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Japanese Yen May Fall as Euro Gains, Will GBP/JPY Follow EUR/JPY?

The Japanese Yen is facing selling pressure on US-China trade deal expectations. Sentiment hints that EUR/JPY has room to climb, but can this momentum extend into GBP/JPY?

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Australian Dollar Slips as China Industrial Profits Tank Again

The Australian Dollar is like all other markets focused on US-China trade headlines. However terrible weakness in Chinese industrial profits set it back.

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USD/CAD Rate Fails to Test October, RSI to Offer Bearish Signal

The Relative Strength Index (RSI) may offer a bearish signal for USD/CAD as the oscillator threatens the upward trend from earlier this month.

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USD/JPY Climb Resumes on US-China Trade Deal Bets, GBP/USD Sinks

The USD/JPY rose and may continue climbing as US-China trade deal bets boosted the S&P 500. This is as the British Pound fell against the US Dollar on UK General Election polling.

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US Dollar Outlook: FOMC Bets & GDP Data Eyed – Volatility Amiss?

US Dollar outlook hinges on changes in FOMC rate cut expectations as traders react to the latest US-China trade talk headlines, Fed official commentary and high-impact economic data releases.

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Euro Forecast: On Weak Footing as November Winds Down; No ECB Rate Cuts Due

The Euro has lost modest ground thus far in November, even as ECB rate cut expectations have evaporated for the next 12-months.

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Canadian Dollar Outlook: Is USD/CAD Headed for a Reversal Lower?

USD/CAD has enjoyed a remarkable rally throughout November but is nearing longstanding technical resist which has worked to stall previous rallies. Does this mean USD/CAD is due for a reversal lower?

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Australian Dollar Price Outlook: Aussie at Key Support – Trade Levels

The Australian Dollar is testing major support at the monthly range lows heading into the close of November. Here are the levels that matter on the AUD/USD charts.

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Dow Jones Gyrates at New High as Consumer Confidence Misses

The Conference Board Consumer Confidence Index declined for a fourth straight month in December but showed an uptick in short-term expectations for the economy.

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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 Price Forecast: XAUUSD Grinds at Support, Will Bulls React?

Gold prices have been pulling back for three months now. Have bulls thrown in the towel, or are they waiting in the wings for another topside push?

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Trader Sentiment Remains Positive | Webinar

Hopes of a breakthrough in the US-China trade war are continuing to boost market confidence, with global stocks continuing to climb and little demand for safe havens.

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US Dollar Outlook: Euro, DXY Charts & More

In today's session, we took a look at the US Dollar Index, Euro, and other compelling short-term charts of interest.

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Canadian Dollar Forecast: USD/CAD Price Nears Decisive Breakout Zone

USD/CAD continues its move higher with recent sell-offs providing bulls with a fresh opportunity. The pair now near robust resistance which needs to be taken out if the move is to continue.

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Brexit Briefing: Debate to Continue for Months Says Former Deputy PM

Hopes that the UK General Election will put an end to the Brexit wrangling are misplaced, according to former Conservative Deputy Prime Minister Michael Heseltine.

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Euro Forecast: Firm US Sentiment Data May Push EUR/USD Lower

The Euro may fall against the US Dollar if consumer confidence data from the world’s largest economy leads capital to flow into the haven-linked Greenback, amplifying the decline in EUR/USD.

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Crude Oil Prices Hold Near Highs, US-China Trade News to Drive

Crude oil prices benefited from generally higher risk appetite in the Asian session as investors hope that at least an interim US-China trade deal can come soon.

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EUR/USD Eyes Monthly Low as ECB Reinforces Dovish Forward Guidance

EUR/USD may exhibit a more bearish behavior over the remainder of the week as the exchange rate carves a fresh series of lower highs and lows.

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US Dollar, Rupee Forecast: USD/INR and Nifty Brace for India GDP

The USD/INR uptrend may resume as India GDP slows to a 2013 low on a teetering banking sector that threatens the Nifty 50. The Rupee has struggled despite US-China trade deal bets.

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Australian Dollar Could Gain if RBA's Lowe Mulls Monetary Limits

The Australian Dollar has weakened since October, but could pause on the way down if the RBA Governor again wonders how far easy money policy should be taken. The ASX might not welcome such sentiment.

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Gold to Test Key Price Levels Amid Hopes for US-China Trade Deal

The price of gold may test the former-resistance zone around $1447 (38.2% expansion) to $1457 (100% expansion) for support amid growing hopes for a US-China trade deal.

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US Dollar, S&P 500 Look to PCE, GDP Data After Powell Speech

The US Dollar, NZD, AUD and the S&PP 500 remained broadly unchanged after Fed Chairman Jerome Powell’s speech as the attention turns to key US data and escalating trade talks.

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New Zealand Dollar Gains vs Yen But NZD/JPY Momentum Lacking

The New Zealand Dollar gained as the Japanese Yen fell, but failed to achieve meaningful upside technical progress despite seemingly ideal fundamental news. Will Powell sink markets ahead?

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Nasdaq 100 Outlook: Trade Wars and Earnings Ahead of Black Friday

The Nasdaq 100 trades at record levels ahead of the quiet holiday period, but earnings from influential technology companies and continued trade talks could spark volatility.

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US Dollar Price Volatility Report: EUR/USD, AUD/USD, USD/JPY

US Dollar outlook turns to an upcoming speech from Fed Chair Powell as well as the release of trade balance and consumer confidence data, which highlights EUR/USD, AUD/USD and USD/JPY.

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Top Retail Stocks to Watch Ahead of Black Friday

Black Friday is ahead, and it brings with it a great deal of insight on consumer spending, as well as unique trading setups.

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Canadian Dollar Price Outlook: USD/CAD Bulls Push - Resistance Awaits

The November rally has continued in USD/CAD as price action nears a test of an imposing zone of resistance levels. Can USD/CAD bulls prevail?

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GBP/USD Outperforms, EUR/USD Tests Support, AUD/USD Eyes RBA QE Talk - US Market Open

The Pound outperforms in the G10 space as election polls maintain sizeable Tory lead. Euro is on the defensive, while AUD/USD Eyes talks on QE.

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Gold Price Forecast - Looking to Re-Test Three-Month Low

The price of gold continues to slip lower and may re-test the recent three-month low at $1,445/oz. as riskier assets remain in demand.

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Bitcoin (BTC) Price Analysis: Slump Stalls, Outlook Remains Negative

Bitcoin continues to push lower and now trades around $6,700 after hitting minor horizontal support around $6,500. BTC may partially recover recent falls but the trend remains negative.

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Euro Outlook: German IFO Data May Accelerate EUR/USD Selloff

The Euro may fall if German IFO data spooks regional investors and accelerates a selloff in EUR/USD as the pair tests a critical price level.

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Gold Prices Wilt as Markets Hope For 'Phase-1' US-China Trade Deal

Gold prices slipped back as Monday saw a resurgence of risk appetite. Wire reports suggested that a substantive trade deal is some way off, but investors think an interim agreement is possible.

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NZD/USD Rate to Consolidate Amid Failed Test of Former Support

NZD/USD may consolidate over the remainder of the month as the rebound from the yearly low fails to produce a test of the former support zone.

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Crude Oil Price Outlook: Brent, SEK, NOK May Fall on Trade War Peril

Crude oil prices, along with the petroleum-linked Norwegian Krone and Swedish Krona may face selling pressure as US trade tensions with China and the EU escalate.

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USD/SGD, USD/IDR, USD/MYR, USD/PHP Remain Glued to Trade War News

The US Dollar rose against SGD, IDR, SGD and PHP on US-China trade deal woes and may continue doing so should talks fall apart. It may show weakness on local GDP and PCE data.

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Australian Dollar Traders to Take Cues from RBA, US-China Trade News

Fresh comments coming out of the Reserve Bank of Australia (RBA) may drag on AUD/USD as the central bank keeps the door open to implement lower interest rates.

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Euro and British Pound Fell on Soft Data, EUR/USD Eyes Support

The Euro and British Pound depreciated against the US Dollar, bringing EUR/USD near support as the Greenback capitalized on soft European economic data and better local outcomes.

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Weekly US Dollar Forecast: Front-Loaded Week Due to Thanksgiving

The coming week is shortened due to the holiday; all of the meaningful US economic data and speeches by Federal Reserve policymakers are due between Monday and Wednesday.

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US Dollar, Gold and VIX Must Watch Markets with Trade Wars Competing with Liquidity

We have closed out a week where both trade wars and recession worries have regained significant traction. You wouldn't have noticed that threat, however, if you were only referencing price action f...

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Dow Jones, DAX 30 & FTSE 100 Forecasts: Trade Wars to Dominate

Trade wars look poised to dominate the fundamental landscape for equities as the United States clamps down on Huawei and a phase one trade deal experiences further delays.

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Sterling (GBP) Price Outlook: Range Setting Ahead of a General Election Breakout

The British Pound continues to test boundaries against a range of currencies ahead of the December 12 General Election, with current UK PM Boris Johnson holding a healthy lead in the polls.

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Euro Outlook Bearish Amid Renewed Trade Tensions, Debt Risks

The Euro may face selling pressure in the week ahead amid a reignition in EU-US trade tensions as regional growth falters and threatens to undermine Eurozone financial stability.

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Gold Price Outlook Hinges on Fed Rhetoric, US-China Trade Negotiation

Upcoming remarks from Federal Reserve officials may influence the price of gold as the central bank alters the outlook for monetary policy.

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Dow Jones, FTSE 100 & DAX Technical Forecast for the Week Ahead

While the Dow Jones has stalled, the upward trajectory remains intact. Potential bull trap in the FTSE 100. DAX eyes 13000 following false upside break.

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Crude Oil Prices May Fall as Growth Fears Return, Rate Cuts Pause

Crude oil prices are struggling to find direction amid US-China trade war uncertainty, but the way forward is biased lower as global slowdown fears resurface.

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Australian Dollar Looks to US-China Trade Headlines, RBA's Lowe

The Australian Dollar faces a lack of heavyweight domestic data which, unfortunately for traders, will leave the unpredictable trade story in the driving seat.

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Top Retail Stocks to Watch Ahead of Black Friday

Black Friday is ahead, and it brings with it a great deal of insight on consumer spending, as well as unique trading setups.

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USD Price Outlook: US Dollar Trading Ranges & Implied Volatility

Expected forex volatility is incredibly suppressed judging by 1-week options implied volatility readings across major US Dollar currency pairs with the EUR/USD reading at its lowest on record.

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Gold Price Targets: XAU/USD at Key Technical Support- GLD Outlook

Gold is trading just above a critical long-term support zone with price threatening another test of the lows. Here are the levels that matter on the XAU/USD charts.

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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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GBP/USD and EUR/USD Suffer on PMI Report - US Market Open

The Pound is among the underperformers across the G10 block while the Euro pulled back from its highs following a slew of soft PMI figures.

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US Dollar Technical Outlook: A Busy Holiday Week Awaits

It's been a quiet week in the US Dollar after a riveting start to Q4. Next week's economic calendar is busy and Thursday brings Thanksgiving in the US.

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EUR/USD, AUD/USD, DXY & More – Charts for Next Week

In today's session, we looked at how things might unfold in the Euro and Aussie, while also looking at the Dollar in large along with a few other currencies and asset classes.

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Australian Dollar Price Forecast: RBA QE is a Material Risk to AUD/USD Outlook

RBA nearing the lower bound in conventional monetary policy, a lack of improvement in the Australian economy provides a material risk of RBA QE.

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EUR/GBP Forecast - Rebound May Prove Fleeting if Resistance Stands Firm

EUR/GBP is trading at a 10-day high after weak economic data from both sides of the pair. EUR/GBP is now testing the short-dated moving average, and indicator that has held sway for the past six-we...

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EUR/USD Reverses on Worrying Services PMI, ECB's Lagarde Reiterates Fiscal Easing

A rather mixed set of PMI figures from both France and Germany, which in turn saw a brief pick up in the Euro quickly faded.

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Bitcoin (BTC) Price Analysis: Oversold But Bearish Sentiment Remains

Bitcoin’s latest sell-of has seen the coin break through an old trend line and while BTC looks oversold in the short-term, the outlook suggests that bearish sentiment will hold sway over the longer...

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Euro Braces for ECB, Draghi. US Dollar Eyes CPI Data

EUR/USD may continue to fall if Eurozone PMI data pressures the Euro amid fading growth prospects and resurrected EU-US trade war tensions.

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Crude Oil Prices Down on US-China Worries, ECB's Lagarde in Focus

Crude oil prices retreated from their Thursday highs in another Asian session driven largely by US-China trade headlines.

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GBP Holds Up After Close Brexit Debate, Bulls Watch Tory Poll Lead

The British Pound has remained quite steady as general election campaigning begins in earnest. Can it remain so given the huge Brexit differences between candidates?

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Gold Price Rebound Swayed by Renewed Hopes for US-China Trade Deal

Headlines surrounding the US-China negotiations may continue to sway the price of gold amid renewed hope for a trade deal.

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USD/CAD Price May Drop, Euro Braces for New Trump EU Trade Probe?

The Canadian Dollar may reverse against the US Dollar on bearish USD/CAD signals. EUR/USD, AUD/USD, NZD/USD are at risk to trade war fears across the Pacific and Atlantic Oceans.

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US Dollar Price Volatility Report: EUR/USD, GBP/USD, USD/CAD

The US Dollar continues to oscillate between its 50-day and 200-day simple moving averages amid heightened uncertainty regarding where US-China trade talk progress truly stands.

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Bitcoin (BTC) Price Plunges to Support, Will Bulls React?

Bitcoin fell further on Thursday, plummeting to support near $7,100 – a level that previously sparked a relief rally. Will bulls look to react similarly this time around? Or are further losses ahead?

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Canadian Dollar Outlook: USD/CAD Stretch to Monthly Highs at Risk

The Canadian Dollar may be ready to mount a counter-offensive as the US Dollar rally tests uptrend resistance. Here are the levels that matter on the USD/CAD charts.

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Oil Price Outlook: Crude Surges 6% in Two Days – WTI Resistance Ahead

Crude oil prices reversed sharply this week with a two-day rally taking price to fresh two-month highs. Here are the levels that matter on the WTI weekly chart.

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EUR/USD Fails at Resistance, USD/CAD Eyes BoC - US Market Open

Dip buyers keep GBP/USD support, while EUR/USD rejects 1.10. CAD looks to BoC Governor Poloz speech

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US Dollar Technical Outlook: GBP/USD, AUD/USD, USD/CAD

The US Dollar has been relatively quiet so far this week. But potential for volatility remains with a number of themes in the headlines.

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OECD Report: 2020 Global Growth Outlook Edging Lower, Again

The latest OECD report shows global growth flat this year but nudging down to 2.9% from a prior 3.0% in 2020.

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Canadian Dollar Forecast: USD/CAD Multi-Week Highs Under Pressure

USD/CAD is printing a fresh six-week high as the Canadian dollar weakens. Markets are now starting to price-in the BoC cutting interest rates early next year, to get ahead of any potential downturn...

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Brexit Briefing: Scottish Independence Climbs the Election Agenda

The issue of Scottish independence has been a focus of the UK General Election campaign this week as Scottish nationalists press for a second independence referendum.

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Euro Forecast: ECB Minutes May Catalyze EUR/USD Capitulation

The publication of the ECB meeting minutes may catalyze a selloff in the Euro and cause EUR/USD to capitulate as it tests key resistance.

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Gold Prices Firm on New US-China Trade Doubts, OECD, ECB Eyed

Gold was underpinned by new doubts that even an interim trade deal between the two global giants can be inked this year.

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USD/CAD Rate Approaches October High Ahead of BoC Fireside Chat

Fresh comments coming out of the Bank of Canada (BoC) may push USD/CAD to the October high (1.3348) as the central bank alters the outlook for monetary policy.

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GBP Holds Up After Close Brexit Debate, Bulls Watch Tory Poll Lead

The British Pound has remained quite steady as general election campaigning begins in earnest. Can it remain so given the huge Brexit differences between candidates?

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US Dollar, Japanese Yen Turn to OECD Outlook as Trade War Rages

The US Dollar and Japanese Yen may catch a haven bid if the OECD economic outlook spook investors as US-China trade talks collapse and the Fed warns of elevated downside risks.

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USD/SGD May Rise on Trade War Despite Singapore GDP Rebound

The USD/SGD may rise despite a rebound in Singapore GDP as the focus remains on US-China trade war fears. This leaves the Singapore Dollar vulnerable to a trade deal delay.

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Australian Dollar: AUD/USD Driven by Dovish RBA, US-China Tension

AUD/USD struggles to retain the rebound from earlier this week amid concerns surrounding the US-China trade negotiations.

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AUD/USD, NZD/USD, USD/JPY Slide May Extend on Trade War Fears

The USD/JPY, AUD/USD and NZD/USD may decline after news passed that the US-China trade deal may be delayed, Trump wants China to step up efforts and the HK Bill could come into law.

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Dow Jones, Nasdaq 100, Russell 2000 Forecasts: Watch out Below

Negative trade developments pressured the Dow Jones beneath a short-term channel that helped to buoy price. Now, the index could be vulnerable to further losses alongside the Nasdaq and Russell.

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Euro Price Outlook: EUR/USD Rebound to Challenge Downtrend Resistance

Euro’s weekly opening-range is set just below downtrend resistance - break to offer guidance. Here are the levels that matter on the EUR/USD technical price charts.

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Silver Price Forecast: XAGUSD May Fall Further Despite Risk Aversion

The price of silver has slipped in the last two months after peaking on September 4 and a further decline in ETF holdings could suggest XAGUSD is headed lower still unless risk aversion spikes furt...

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US Dollar Clings onto Gains as FOMC Minutes Highlight Firm Fed

Juxtaposed between the waning prospect of future FOMC rate cuts, the Fed's ballooning balance sheet and ongoing US-China trade uncertainty, US Dollar volatility looks ready to awaken from its slumber.

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AUD/USD, GBP/USD Present Two Different Ways to Approach the US Dollar

Break or bend in the USD, there's a major pair for either scenario with short setups in AUD/USD to go along with bullish scenarios in GBP/USD.

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Dow Tumbles, USDCNH Spikes on Trade Deal Doubts

Markets were injected with volatitlity this afternoon as trade war headlines crossed the wires, casting doubt on a US-China trade deal being complted this year.

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

The US Dollar is on the counteroffensive after plunging more than 0.7% last week. Here are the levels that matter on the DXY intraday technical price charts this week.

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US Dollar Bounces as EUR/USD, GBP/USD Edge Lower - US Market Open

Risk sentiment sours after Hong Kong bill passes, while CAD sees muted reaction to inflation.

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Gold Price Forecast: XAUUSD Bounces but Can Bulls Retain Control?

Gold prices have put on a tone of recovery over the past week, but is the big picture bullish theme back in order?

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Dow Jones, DAX & Commodity Technical Outlook | Video

In today's session, we took a look at near-term weakness in the indices to see if it could be lasting, and the impact on major commodity markets.

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USD/JPY Price Analysis - Japanese Yen Lifted by Ongoing US-China Turmoil

The Japanese Yen received a boost Tuesday as US-China relations continued to sour, placing a question mark over future trade negotiations between the world’s two largest economies.

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Brexit Briefing: GBP/USD Price Weakens After General Election Debate

Corbyn wins TV debate with Johnson by a thin margin, according to pollsters YouGov; GBP/USD price eases back, rejecting 1.30 resistance again.

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Copper Price Trend May Reverse on FOMC Minutes

Copper prices may break trend-defining chart barriers as minutes from October’s FOMC meeting shape policy expectations vis-à-vis the US-China trade war.

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US Dollar Selloff May Accelerate After FOMC Minutes Released

The US Dollar selloff may be exacerbated if the FOMC minutes from the October meeting carry unexpectedly dovish undertones and fuel rate cut bets as US-China trade talks break down.

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Crude Oil Prices Weaken With US-China Trade Hope, Stockpiles Eyed

Crude oil prices faced a host of challenges in Asia, from a souring of US-China trade rhetoric to worries that Russia may not be amenable to production cuts. EIA inventory data is eyed ahead.

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Japanese Yen Up as US Hong Kong Stand Sours Trade Deal Hope

The Japanese Yen found its usual haven bid as Donald Trump threatened more tariffs on China and the US Senate passed legislation in support of Chinese human rights

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EUR/USD, GBP/JPY Sentiment Outlook: Euro to Rise as Pound Sinks?

The Euro may rise against the US Dollar as IG Client Sentiment sends bullish EUR/USD signals. This is as the British Pound could fall against the Yen on GBP/JPY net-long bets.

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Japanese Yen Up as US Hong Kong Stand Sours Trade Deal Hope

The Japanese Yen found its usual haven bid as Donald Trump threatened more tariffs on China and the US Senate passed legislation in support of Chinese human rights

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USD/CAD Rate Eyes October High as Canada CPI Update Looms

USD/CAD may continue to retrace the decline from the October high (1.3348) as the Bank of Canada (BoC) alters the outlook for monetary policy.

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USD/JPY, AUD/USD, NZD/USD Rates Sink as HK Bill Fuels Trade War

The USD/JPY, AUD/USD and NZD/USD may decline after the US passed the Hong Kong Bill, fueling concerns that Chinese countermeasures may derail US-China trade deal hopes.

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Canadian Dollar Outlook Hinges on Inflation, BOC Rate Cut Odds

Canadian Dollar overnight implied volatility measures jumped higher ahead of the high-impact release of the monthly Canadian inflatio report Wednesday, which could materially sway BOC rate cut odds.

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Dow Jones Forecast Awaits Retail Earnings and Fed Minutes

The Dow Jones will look to trade wars and further earnings from the retail sector where, after great earnings from Walmart, performances have tapered off and could threaten the index.

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

The Canadian Dollar will look to endure upcoming economic data in the days ahead, but a strong story throughout may be required to right the sinking ship that is the Loonie.

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Sterling Technical Analysis: GBP/USD Softens, Support in Sight

The British Pound continues to carry an overtone of strength, but an imposing level of resistance sits overhead in GBP/USD.

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Crude Oil Price Outlook Takes a Blow on Russia OPEC Cut Comment

Crude oil prices are coming under pressure during Tuesday trading after comments out of Russia cast doubt that the country will deepen oil production cuts with OPEC, which sent the commodity plunging.

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GBP/USD Upside Capped, CAD Volatility Plummets - US Market Open

Dovish RBA minutes however, December rate cut calls are misplaced. GBP/USD upside capped by large option expiries. CAD tracks oil lower.

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US Dollar, EUR/USD Test Key Resistance Hurdles on the Chart

It's been a busy Q4 and risk trends remain on the run. Both the US Dollar and EUR/USD are testing key areas on the chart this morning.

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Positive Market Sentiment Still in Place | Webinar

Traders are still opting for riskier assets such as stocks rather than lower-yielding safe havens as positive news continues to outweigh the negative.

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Bitcoin (BTC) Price Remains Under Technical Pressure as $8,000 Looms

Bitcoin continues its recent slide and with little in the way of support at hand a break below $8,000 is likely, ahead of a re-test of the multi-month low made in late-October.

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Gold Price Analyis: Resistance May Come Under Renewed Pressure

Gold is slowing moving off its recent three-month low and the move higher may be accelerated with a bullish technical signal flashing on the chart.

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Brexit Briefing: FTSE 100 Shrugs as Cut in Corporation Tax is Delayed

UK Prime Minister Boris Johnson has decided against a cut in corporation tax in the runup to Brexit but the London stock market continues to rise as polls suggest he has a General Election lead.

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Euro, S&P 500 Index Eyeing Shaky US-China Trade War Talks

In the absence of market-moving data, the Euro and S&P 500 index will be at the mercy of market mood and shaky US-China trade war talks.

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Gold Prices Gain On US-China Trade Doubts, Fed Minutes Loom

Asia Pacific markets remained predictably focused on US-China trade matters, with investors clearly more concerned that even an interim deal can be done any time soon.

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Oil Price Vulnerable to Wait-and-See OPEC Amid Record US Crude Output

The price of oil pulls back from a fresh monthly high ($58.17) as OPEC shows little intentions of taking additional steps to balance the energy market.

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Gold Prices, SEK, NOK May Rise on ECB, FOMC Minutes

Gold prices may rise along with the Swedish Krona and Norwegian Krone if the ECB and FOMC minutes fuel rate cut bets and boost the appeal of non-interest-bearing assets and riskier currencies.

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Canadian Dollar Forecast in AUD/CAD, NZD/CAD, GBP/CAD Rates

The Canadian Dollar may fall if local CPI and retail sales data adds fuel Bank of Canada easing bets. Where do AUD/CAD, NZD/CAD and GBP/CAD stand ahead of the Canadian data?

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EUR/USD Reaction to Trump-Powell Meeting Mired by Monthly Open Range

EUR/USD extends the rebound from the monthly low (1.0989) as US President Donald Trump meets with Federal Reserve Chairman Jerome Powell.

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Australian Dollar Falls On Dovish RBA Minutes, Downtrend May Deepen

The Australian Dollar was hit as the Reserve Bank of Australia appeared to keep further monetary easing very much on the table.

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GBP/USD Rate May Rise as AUD/USD Price Falls on Trade Woes

The British Pound may rise as GBP/USD pushes into resistance after the latest UK election opinion polling. The Yen could gain as the Australian Dollar weakens on US-China trade woes.

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TIC Flows Reveal Japan Remains Top Holder of US Debt

The US Dollar was largely unchanged after TIC flow data was released by the US Treasury Department, which showed Japan remains the top holder of US Treasury Securities.

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TIC Flows Reveal Japan Remains Top Holder of US Debt

The US Dollar was largely unchanged after TIC flow data was released by the US Treasury Department, which showed Japan remains the top holder of US Treasury Securities.

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Canadian Dollar Outlook: USD/CAD Rally Stalls Under Weekly Resistance

The Dollar is up more-than 1.2% against Loonie with price now testing the first major resistance hurdle. Here are the levels that matter on the USD/CAD weekly charts.

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Japanese Yen Outlook: USD/JPY Drive Higher Stalls at Resistance

Recent US Dollar strength has seen USD/JPY drive higher. Now, the pair is approaching the 200DMA and horizontal resistance which it will have to surmount before continuing higher.

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Sterling Technical Analysis: GBP/USD, GBP/JPY Face Key Resistance

GBP gained ground last week, running towards key resistance hurdles in both GBP/USD and GBP/JPY.

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Bitcoin (BTC) Price Outlook Dims as Moving Averages are Pierced

Bitcoin may have further to fall as the largest cryptocurrency by market cap slips beneath various moving averages and bullish catalysts are nowhere to be found.

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Australian Dollar Forecast: AUD/USD, AUD/JPY, EUR/AUD, GBP/AUD

The Australian Dollar is edging lower as the US trading session comes online Monday morning following not-so optimistic trade talk headlines out of Beijing and rising tension in Hong Kong.

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US Dollar Dives to Session Lows after Trump Meets with Fed Chair Powell

The US Dollar has slid as speculation has arisen that the US-China trade deal may be losing traction.

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GBP/USD Boosted by Election Poll, USD/JPY Drops on Trade War Latest - US Market Open

Weekend election polls move in favour of Conservative party, however, 1.3000 caps further GBP/USD upside. China trade deal pessimism boosts JPY.

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Canadian Dollar Price Forecast: USD/CAD Pullback from Key Resistance

USD/CAD has clawed back a large portion of October losses; but sellers re-appeared after the pair tested a key level of resistance last week.

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Dow Charges to Record While Dollar, Gold, Oil, FX Majors Embrace Ranges

We are heading into a new trading week with some extreme divergence in benchmark assets. On the one hand, we have the Dow leading US indices to record highs as the VIX remains crushed to extreme lo...

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DAX Weekly Forecast Look Ahead: Awaiting Signal from EU Auto-Tariffs

Little in the way of price action in the DAX as market participants awaits official announcement on EU auto-tariffs.

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Sterling Forecast: GBP Rally Stoked by Latest General Election Polls

UK PM Boris Johnson - and Sterling (GBP) - received a boost over the weekend with a range of General Election polls showing the Conservative Party increasing their lead further.

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Australian Dollar, ASX 200 Divergence a Positive Sign for Markets?

The Australian Dollar and its local ASX 200 stock index have diverged in what may be a sign of market confidence in ebbing US-China trade war and Brexit risks.

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Crude Oil Prices Hold Up as Markets Track US-China Trade News

Crude oil prices and, indeed, all markets through commodities and beyond, remain in thrall to US-China trade talks, with even growing unrest in Hong Kong relegated to side issues.

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Slowing US Economy Heightens Appeal of Gold Ahead of FOMC Minutes

The weakening outlook for the US economy may heighten the appeal of gold as market participants look for a hedge against fiat-currencies.

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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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US Dollar ASEAN Ahead: IDR, MYR, Trade Talks, Bank of Indonesia

The US Dollar continues to eye US-China trade talks for price action against SGD, IDR, MYR and PHP. Will Bank of Indonesia stir USD/IDR volatility as USD/MYR eyes Malaysian CPI?

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AUD/USD RSI to Offer Bearish Signal on Break of Trendline Support

The monthly opening range keeps the downside targets on the radar for AUD/USD, and the RSI may offer a bearish signal should the indicator snap trendline support.

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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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Will USD/JPY, AUD/USD and NZD/USD Prices Extend Recent Gains?

USD/JPY, AUD/USD and NZD/USD soared on Friday as markets doubled down on US-China trade deal bets. Will Asia Pacific markets follow the S&P 500 higher, extending gains?

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Euro Forecast: Revisions to GDP Data to Underscore Weakening Environment

Energy markets have proven resilient in an environment dominated by dour macroeconomic headwinds.

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Dow Charges to Record While Dollar, Gold, Oil, FX Majors Embrace Ranges

We are heading into a new trading week with some extreme divergence in benchmark assets. On the one hand, we have the Dow leading US indices to record highs as the VIX remains crushed to extreme lo...

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Dow Jones and FTSE 100 Forecast for the Week Ahead

Dow Jones hits record high, however, central bank liquidity prompts volatility implosion. FTSE 100 among underperformers with focus remaining on politics.

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British Pound Outlook Hinges on UK Vote as Johnson, Corbyn Debate

The outlook for the British Pound continues to hinge on the outcome of December’s UK election and its implications for Brexit. The contest’s first debate looms ahead.

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Euro Price Forecast: Fundamental Analysis Indicates More of the Same

The Euro’s struggle to move higher against a range of currencies continues and without further support this is likely to continue into the year-end

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Gold Price Outlook: XAU/USD May Rise on FOMC Minutes, Trade War

Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat assets amid expectations of additional Fed easing.

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US Dollar Ahead: EUR/USD Eyes FOMC & ECB Minutes, USD/CAD to CPI

The US Dollar fell, looking to FOMC and ECB minutes for Euro price action. It may rise against the Canadian Dollar on CPI data and if US-China trade deal bets suddenly decline.

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Battered Australian Dollar Looks To RBA Minutes, Lowe Speech

The Australian Dollar has been hit in recent days by a slew of bearish news from both home and abroad. There may be less of this to come in the week ahead, but it’s still hard to see the currency r...

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US Dollar Outlook: USD Price Volatility & Implied Trading Ranges

USD implied trading ranges for the week ahead as the US Dollar faces daunting fundamental headwinds like rising FOMC rate cut odds, a ballooning Fed balance sheet and fading forex volatility.

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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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CAC 40 & Euro Stoxx 50 Outlooks Enjoy Boost from Auto Tariff Deadline

European equities may receive a boost next week if a report from Norway’s Minister of Industry, that states the US auto tariffs are off the table, is to be believed.

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USD/CAD Jumps with BOC Rate Odds; AUD/USD Hit as RBA Cut Odds Rise - Central Bank Watch

While the global economy may be avoiding a significant slowdown, traders are clearly signaling that they don’t think the “race to the bottom” may be over yet.

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Australian Dollar Price Outlook: Aussie Plunges to Technical Support

Aussie plummeted more than 2.2% off the October highs with price rebounding off key support late in the week. Here are the levels that matter on the AUD/USD charts.

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US Dollar Dips on Mixed Retail Sales Report, Eyes on Trade Talks

The US Dollar edged lower in response to lackluster US retail sales data that just crossed the wires, though markets remain largely fixated on US-China trade talk headlines.

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GBP/USD Options Pricing in UK General Election Risk - US Market Open

UK General Election risk premium rising, Conservatives command sizeable lead, JPY & CHF on the defensive, however, China reports casts doubts on trade optimism.

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AUD/USD, NZD/JPY Outlook & More – Charts for Next Week

In today's session, we looked at quite a few charts, but focused on a few including the Australian Dollar and New Zealand Dollar versus the Japanese Yen.

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EUR/GBP Outlook - Price Action Continues to Break Down

EUR/GBP looks oversold in the short-term, according to one technical indicator, but the pair may well move further lower after breaching multi-month support.

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Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Support

AUD/USD and AUD/NZD see key reversal, however, both pairs look to crucial support to curb further selling.

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Japanese Yen Chart May Be a Warning Sign for the Nikkei

USD/JPY has pierced chart support, signaling Yen gains ahead. If that portends a broader anti-risk shift in market sentiment, a breakdown in Japanese stocks may follow.

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US Dollar Forecast: USD May Rise on Retail Sales Data

The rally in the US Dollar may be extended if US retail sales data shows stronger-than-expected growth and provides the Fed with more impetus to hold interest rates.

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Gold Prices Fall On US-China Trade Hopes, US Retail Sales Loom

Gold and other haven assets came under pressure as the Asian trading week faded out as hopes rose of an interim trade deal between China and the US.

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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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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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Yen Rose on Trade Deal Woes, USD/CAD May Gain on Poloz Speech

The Japanese Yen rose while the Australian and New Zealand Dollars fell on US-China trade deal concerns. Ahead, the Canadian Dollar may fall on a speech from BoC Governor Stephen Poloz.

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US Dollar Price Volatility Report: USD/JPY Eyes Retail Sales Data

The US Dollar Index has fluctuated in a tight trading range throughout the week, but will Friday's retail sales report provide forex traders with the necessary conviction for USD price action to br...

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Powell, Fed Officials Highlight US Economy, Debt & Repo Strains

A litany of FOMC speakers took to the podium today led by Fed Chair Powell who spoke before congress for the second day. Highlighted was the strain in repo markets and unsustainable debt levels.

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Top Retail Stocks to Watch Ahead of Black Friday

Black Friday is ahead, and it brings with it a great deal of insight on consumer spending, as well as unique trading setups.

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Gold Price Outlook: XAU/USD Defends Critical Support- GLD Targets

Gold prices reversed off key support with the rally now eyeing the first resistance target at fresh weekly highs. Here are the levels that matter on the XAU/USD charts.

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USD/MXN: Mexican Peso Plunging into Banxico Rate Decision

The Mexican Peso could continue to come under pressure amid technical weakness and the prospect of another Banxico rate cut expected to be delivered Thursday at 19:00 GMT.

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USD/CAD Jumps with BOC Rate Odds; AUD/USD Hit as RBA Cut Odds Rise - Central Bank Watch

While the global economy may be avoiding a significant slowdown, traders are clearly signaling that they don’t think the “race to the bottom” may be over yet.

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US Dollar Firms as AUD/USD Suffers, EUR/USD Drops - US Market Open

Australian Dollar slumps on weak labour market report, eyes on RBA QE talk. Euro remains soft despite Germany avoiding a technical recession.

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Bitcoin (BTC) Price Struggle Continues, Mired by Conflicting Signals

Bitcoin is struggling to find a direction and is stuck in a six-week range as volatility subsides. Traders should be alert as quiet conditions sometimes pave the way for a sharp breakout.

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DAX, FTSE 100 and IBEX Technical Analysis Forecast

Upside in the DAX appears exhausted as the index follows the risk off tone, while FTSE 100 breaks rising channel. Political uncertainty weighs on IBEX

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Brexit Briefing: GBP Outlook Enhanced as Fiscal Policy Dominates Election

Both of the main political parties fighting the UK General Election are promising more public spending, in a development that could ultimately lead to UK interest rates being higher than currently ...

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EUR/USD Price Remains Under Pressure and Searches for Support

EUR/USD continues its drift lower and continues to make fresh multi-week lows. The path of least resistance guides towards an eventual re-test of lows seen in mid-2017.

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Euro Outlook: EUR/USD Decline May Accelerate Ahead of GDP Data

The decline in EUR/USD may be amplified if Eurozone GDP data fuels urgency for the ECB to cut rates as the region’s slowdown threatens financial integrity in the Eurozone.

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Euro Outlook Dour Even as Germany Narrowly Avoids Recession

The Euro looks likely to continue lower even as German GDP data shows the Eurozone's top growth engine avoided recession in the third quarter.

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Crude Oil Prices Up Despite China Data Miss, Fed's Powell in Focus

Crude oil prices were up on worries about future supply reductions even as US-China trade continued to worry markets and Chinese numbers disappointed.

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Euro Outlook Dour Even as Germany Narrowly Avoids Recession

The Euro looks likely to continue lower even as German GDP data shows the Eurozone's top growth engine avoided recession in the third quarter.

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AUD/USD, USD/CAD, EUR/USD Price Trend Outlook in Positioning

The AUD/USD and EUR/USD downtrend may prolong as traders counterintuitively buy into their descent. Meanwhile, the USD/CAD uptrend may accelerate on rising net-short bets.

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USD/CAD Rate Tracks October Range Amid Failure to Test 2019 Low

USD/CAD may continue to retrace the decline from the previous month amid the failed attempt to test the 2019 low (1.3016).

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US Dollar, Stocks Eye Powell Testimony as Trade Talks Stumble

The US Dollar along with European and US equity markets will be closely watching Fed Chairman Jerome Powell’s second Congressional testimony as US-China trade talks flounder.

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Gold Prices React to Former Resistance Zone and Snap Bearish Series

Recent price action in gold raises the scope for a larger rebound as the precious metal snaps the series of lower highs and lows carried over from the previous week.

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AUD/USD Hit by China Data Miss, Downtend May Deepen

The Australian Dollar was already reeling from weak labor market figures when disappointing Chinese industrial production knocked it again.

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Australian Dollar Sinks, AUD/USD Downtrend in Focus on Jobs Miss

The AUD/USD sank after Australian unemployment unexpectedly rose, prolonging the Australian Dollar downtrend amid uncertainty about a US-China trade deal. Ahead, the Yen may rise.

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Gold Forecast: Are Spot Gold Prices (XAU) Set to Resume Rally?

The price of gold has slid roughly 6% from its 2019 peak down to its lowest level since early August, but is there potential for the precious metal to resume its rally and push XAU prices higher?

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Japanese Yen Outlook: USD/JPY Drive Higher Stalls at Resistance

Recent US Dollar strength has seen USD/JPY drive higher. Now, the pair is approaching the 200DMA and horizontal resistance which it will have to surmount before continuing higher.

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Dow Jones Outlook Muddied as Trade Talks Hit an Impasse

The Dow Jones gapped lower in mid-day trading after it was released that US and China trade talks have hit an impasse over agricultural purchases.

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US Dollar Forecast: DXY Index Rally Tracks Falling Fed Rate Cut Odds

With traders less concerned about the Federal Reserve’s interest rate cut cycle, the US Dollar has been able to gain ground against its major counterparts.

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

Euro marked the largest weekly loss since August last week with price now testing initial support targets. Here are the levels that matter on the EUR/USD price charts.

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NZD/USD Spikes on RBNZ Shock, GBP/USD Muted on Inflation Drop - US Market Open

NZD/USD is on course for its best day in over 9-months after RBNZ rate decision, while falling UK CPI is expected by the Bank of England.

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US Dollar Threatens Breakout: USD Ascending Triangle Ahead of Powell

November has brought a change-of-pace in the US Dollar, reversing 50% of the October sell-off. Can USD bulls push for more as the FOMC Chair is set to take the stage?

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USD/JPY & USD/CHF Oscillate on Mixed US CPI Data Ahead of Powell

Headline US inflation came in hotter than expected, though core CPI softened slightly. USD/JPY and USD/CHF are edging lower following the report while traders await remarks from Fed Chair Powell.

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Dow Jones, DAX, Oil Technical Analaysis & More

U.S. indices traversing record territory but extended like other indices such as the DAX, crude oil channel/bear-flag remain as key focus.

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Canadian Dollar Forecast: USD/CAD Price Running into Renewed Resistance

USD/CAD has continued its recent push higher and now nears resistance levels that may prove difficult to overcome in the short-term.

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British Pound May Fall if CPI Data Fuels BoE Rate Cut Bets

The British Pound may fall against its major counterparts if local CPI data falls below the expected numbers and further pressures BoE policymakers to cut lending rates amid Brexit turmoil.

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Gold Prices Up on US-China Trade Jitters, US CPI Unlikely to Hurt

Gold prices found support in US President Donald Trump’s latest inconclusive trade speech, while crude oil prices remain dogged by oversupply worries.

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US Dollar Forecast: USD/SEK May Spike on CPI, Powell Speech

The US Dollar may rise vs the Swedish Krona if Nordic price growth disappoints and further cools Riksbank rate hike expectations against the backdrop of US CPI and Powell’s testimony.

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EUR/USD Analysis: RSI Offers Bearish Signal Ahead of Powell Testimony

EUR/USD may continue to give back the rebound from the yearly-low (1.0879) as the Relative Strength Index (RSI) offers a bearish signal.

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US-China Trade Deal Optimism Leaves Hong Kong Stocks Behind

Stocks in Hong Kong have struggled to capitalize on hopes for a US-China trade deal amid violent clashes between protesters and police, but the trend still points upward.

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New Zealand Dollar Spikes as RBNZ Holds Rates, Guidance Now Key

The Reserve Bank of New Zealand left its Official Cash Rate on hold at a record low of 1%, defying expectations of another reduction.

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RBNZ Preview: 25bp Rate Cut and Dovish Guidance to Drag on NZD/USD

The RBNZ interest rate decision may fuel the recent decline in NZD/USD as the central bank is expected to cut the official cash rate to a fresh record low in November.

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Yen May Fall, USD/JPY Reversal Ahead After Trump Trade Talk?

The Japanese Yen rose, leaving USD/JPY more at risk to a reversal on ongoing uncertainties in US-China trade deal hopes and technical analysis. Ahead, the Australian Dollar may fall.

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US Dollar Price Volatility Report: USD Eyes CPI, RBNZ, Auto Tariffs

US Dollar implied volatility & trading ranges: USD/JPY, NZD/USD and EUR/USD price action highlighted ahead of the US CPI report release, an RBNZ rate review and Trump's auto tariff decision.

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Australian Dollar Outlook: AUD/USD, AUD/NZD Levels Ahead of RBNZ

The Australian Dollar has enjoyed a boost from a recent improvement in US-China trade tensions but could look to the neighboring RBNZ for early direction this week.

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US Dollar Resistance Test: Trade or Fade USD, EUR/USD, AUD/USD

The US Dollar has clawed back half of last month's losses, and a couple of big drivers sit on the docket for the next two days in the US.

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Canadian Dollar Outlook: USD/CAD Breakout Fizzles- Loonie Levels

The Canadian Dollar may be poised to mount a counter-offensive as the recent US Dollar advance tests resistance. Here are the levels that matter on the USD/CAD charts.

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Euro Forecast: Fresh Lows in Sight for EUR/JPY & EUR/USD Rates

Fresh monthly lows are in place for EUR/USD, while EUR/JPY has exited the sideways consolidation keeping prices contained since mid-October.

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Trump Renews Assault on the Fed, Phase One Trade Deal Doubts Rise

President Trump continued his attack on the Federal Reserve today at a speech delivered at the Economic Club of New York. POTUS also injected fresh doubts on a US-China phase one trade agreement.

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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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US Dollar Awaits Trump, NZD/USD Volatility Soars, GBP/USD Rangebound - US Market Open

US Dollar on the front-foot, NZD/USD volatility soars to 6-month high, UK employment continues to show signs of slowing down.

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US Dollar Returns to Resistance: USD Trade or Fade, AUD/USD, GBP/USD

The US Dollar is back to a zone of key resistance as 50% of last month's sell-off has been retraced. Can USD bulls continue to push?

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USD/JPY, GBP/JPY, EUR/JPY, AUDJPY: Japanese Yen Trading Outlook

In today's session, we looked at a few USD and JPY pairs, but a lot of focus was on the Yen-plex as moves looks to be nearing.

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Gold Price Remains Weak But May be Oversold - Technical Analysis

Gold trades either side of $1,450/oz. and may be looking at building a short-term base after its recent sharp sell-off with one indicator highlighting the oversold nature of the market.

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Brexit Briefing: GBP Outlook Improves on Election Boost for Conservatives

Nigel Farage’s Brexit Party has decided not to put up candidates in seats held by the ruling UK Conservative Party in a significant General Election boost for Prime Minister Boris Johnson.

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Euro Outlook: EUR/GBP Broke Congestive Zone. Selloff Ahead?

The Euro may fall vs the British Pound and accelerate EUR/GBP’s downside breakout if German ZEW data prompts a selloff amid deteriorating Eurozone growth prospects.

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Crude Oil Prices May Fall Anew if Trump Sours Trade War Cheer

Crude oil prices remain under the broad pressure of a well-supplied market but they managed small gains as investors hoped for US-China trade war clues from the President.

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EUR/NOK, GBP/SEK, GBP/NOK, USD/SEK Technical Analysis

This piece will analyze key technical developments in EUR/NOK, GBP/SEK, GBP/NOK and USD/SEK as each pair approaches key technical levels.

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New Zealand Dollar Slips As Inflation Expectations Fade

The New Zealand Dollar continued to slide as domestic inflation expectations did likewise. This release is regarded, rightly or wrongly, as being of key importance to rate setters.

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Palladium Prices Forecast to Fall After Chart Support Break

Palladium prices may keep falling after the largest two-day drop in three months pierced chart support. Soft autos turnover in China and rising US rates may be to blame.

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GBP/USD Price Aims for October High as NZD/USD Rate Soars

The British Pound rose with odds of a UK Conservative majority, GBP/USD could bounce to October highs. The New Zealand Dollar gained on bets that the RBNZ easing cycle could end.

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Stock Market Outlook: Record ETF Flows Highlight Robust Risk Appetite

Last week’s record-setting outflows from the TLT ETF suggests investors are growing comfortable with stocks at their current valuations – an encouraging sign for bulls.

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US Dollar Price Volatility Report: GBP/USD, NZD/USD, USD/JPY

The US Dollar edged lower to start the trading week owing largely to a sharp jump in GBP/USD and NZD/USD while USD/JPY dropped. Check out these USD implied trading ranges to watch this week.

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New Zealand Dollar Price Outlook: NZD/USD Reversal Halted–Kiwi Levels

An outside-weekly reversal off resistance last week is now threatening a low in Kiwi just above support. Here are the levels that matter on the NZD/USD weekly chart.

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Australian Dollar Outlook: AUD/USD, AUD/NZD Levels Ahead of RBNZ

The Australian Dollar has enjoyed a boost from a recent improvement in US-China trade tensions but could look to the neighboring RBNZ for early direction this week.

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USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut - Central Bank Watch

Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.

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Trading Forecast: Dollar Rally Conflicts with Dow’s on Trade Wars, Watch Euro, Pound and Kiwi Ahead

There was an unmistakable extension of the maligned risk appetite trend through this past week. The US-China trade war headlines will likely carry the speculative focus moving forward; but European...

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Brexit Latest: GBP/USD Surges as Nigel Farage Boosts Boris Johnson's Majority Odds

GBP/USD rallies as Nigel Farage raises likelihood that Boris Johnson can reach a majority in the 2019 general day.

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GBP/USD Price Little Moved After UK Q3 GDP Misses Expectations

Positive third quarter growth in the UK with the economy growing by 0.3% but missing market expectations of 0.4%. Sterling (GBP) edges lower.

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British Pound Price Forecast: GBP/USD, EUR/GBP Eye GDP Data

The British Pound may fall after a cascade of industrial reports and preliminary Q3 GDP data cross the wires and potentially fuel rate cut bets from the Bank of England amid Brexit uncertainty.

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Gold Prices Supported By Hong Kong Unrest, Look to UK GDP

US-China trade hopes continue to cloud the overall backdrop for gold and other haven assets but renewed violence at protests in Hong Kong has seen demand tick up.

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NZD/USD Rate Vulnerable to Reserve Bank of New Zealand (RBNZ) Rate Cut

NZD/USD may continue to give back the rebound from the 2019-low (0.6204) as the Reserve Bank of New Zealand (RBNZ) is expected to deliver a 25bp rate cut in November.

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Weekly British Pound Forecast: UK GDP and Inflation Due; Tories, Johnson Lead Polls Ahead of General Election

Neither the Q3’19 UK GDP report nor the October UK inflation report (CPI) are likely to stir much confidence in the British Pound.

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US Dollar Forecast: MYR, IDR, PHP, SGD at Mercy to Trade News

Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite US Dollar strength. This is the key fundamental driver for ASEAN FX.

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Oil Price Outlook: Brent, SEK, NOK Eye Trade Talks, US CPI

Crude oil prices, NOK and SEK may rise if Donald Trump’s speech on trade war developments amplifies market buoyancy against the backdrop of critical US CPI and retails sales data.

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AUD/USD Analysis: Monthly Opening Range Casts Bearish Outlook

The monthly opening range brings the downside targets on the radar for AUD/USD as the exchange rate pullbacks ahead of the October-high (0.6930).

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US Dollar Attracts Investors as Global Market Mood Improves

The US Dollar enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves.

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Canadian Dollar, British Pound Outlook Bearish as Week Starts

The Canadian Dollar may extend declines after a disappointing jobs report fueled the USD/CAD uptrend. The British Pound may fall after Moody’s downgraded the UK credit rating outlook.

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Trading Forecast: Dollar Rally Conflicts with Dow’s on Trade Wars, Watch Euro, Pound and Kiwi Ahead

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Gold Price Forecast: Fundamental Analysis Highlights Further Volatility

It has not been a good week for gold bulls with the price of the precious metal down around $50/oz. over the week as risk assets benefit from a strong market bid.

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US Dollar Outlook Bullish on CPI, Fed Comments, Trade Talks

The US Dollar may rise in the week ahead if US CPI and retail sales data cool the need for Fed rate cuts against the backdrop of improving US-China trade talks.

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Oil Price Outlook Mired by Rising US Inventories and Record Output

The price of oil pulls back from the weekly high ($57.88) despite signs of a looming US-China trade deal, with the outlook for crude mired by signs of growing supply.

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Australian Dollar Could Gain if US-China Trade Hopes Hold Up

The Australian Dollar could remain quite well supported this week if current optimism around an interim US-China trade accord doesn’t dissipate.

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US Dollar Outlook: USD Implied Trading Ranges for Next Week

USD/JPY, USD/CAD, USD/MXN, AUD/USD, NZD/USD and GBP/USD are the primary US Dollar currency pairs that appear at risk of experiencing heighted volatility next week - USD levels to watch.

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DAX 30 Technical Forecast: Record Highs are in Sight

The DAX has enjoyed an incredible run over the last six weeks, taking out multiple levels of technical resistance along the way. Now, record highs are in sight for the German equity index.

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Japanese Yen Price Outlook: USD/JPY Surges to Yearly Open Resistance

The US Dollar ripped into resistance against the Japanese yen this week with price at five-month highs. Here are the levels that matter on the USD/JPY weekly chart.

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USD/JPY Down on Trump Tariff Remarks, Consumer Sentiment Overlooked

This morning's Consumer Sentiment report from the University of Michigan beat expectations which initially sent USD/JPY higher but quickly pivoted lower on President Trump's tariff comments.

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US Recession Watch, November 2019 - Recession Odds Shrink on US-China Trade War Talks

There is less than a 30% 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 Forecast: USD/CAD Scales Above 1.3200 on CAD Jobs

CAD sellers have come into the mix following this morning's release of Canadian jobs numbers, with USD/CAD pushing up to fresh three-week-highs.

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Canadian Dollar: Loonie Sinks on Weak Jobs Report, Housing

The Canadian Dollar plunged immediately following Canada employment and housing data that just crossed the wires, which is raising the odds that the BOC will capitulate and cut interest rates.

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Dollar & Yen Technical Analysis – Charts for Next Week

In today's session, we discussed a few set-ups heading into next week that could bear some fruit; a couple of USD and JPY pairs worthy of attention.

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GBP/USD Price Outlook Driven Lower by Latest US Treasury Yield Surge

The interest rate differential between US and UK government bond yields continues to weigh on GBP/USD and is helping to push the pair towards recent support levels.

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Bitcoin (BTC) Price Forecast: Looking to Fill the Gap

The daily Bitcoin chart shows a range of technical indicators at play with BTC likely to re-test lower levels in the days ahead.

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Euro Outlook: EUR/USD Turns to US Data After Ugly EU Forecast

EUR/USD may fall if US confidence data underscores a resilient optimism in the consumer and leads capital to flow in the Greenback on the back of improving fundamentals.

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US Dollar Attracts Investors as Global Market Mood Improves

The US Dollar enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves.

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Crude Oil Prices Wilt, Focus to Stay on US-China Trade News

Crude oil prices celebrated the prospect of concerted tariff rollback but doubts about the US position have crept back in. Expect this story to dominate into the weekend.

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Australian Dollar Gains on China Trade Data May Not Hold

The Australian Dollar rose as China reported better-than-expected import and export data but uncertainly about the Sino-US trade deal may cap upside potential.

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EUR/USD Losses to Persist Amid Shift in Federal Reserve Rhetoric

EUR/USD may continue to give back the advance from the yearly-low (1.0879) as a growing number of Fed officials tame speculation for another rate cut in 2019.

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GBP/USD Price at Turning Point, Trade Uncertainty to Boost Yen?

The British Pound sits at a potential turning point versus the US Dollar after the BoE. The anti-risk Japanese Yen may recover losses as developments jawboned US-China trade hopes.

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US Dollar Price Volatility Report: USD/JPY, AUD/USD, USD/CAD

USD/JPY, USD/CAD and AUD/USD price action comes into focus for Friday's trading session with US consumer sentiment data, a Canadian jobs report and US-China trade headlines expected to stir volatil...

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Bitcoin Forecast: USD/CNH Decline May Fuel BTC/USD Bears

A substantial improvement in US-China trade relations could have an adverse impact on Bitcoin as USD/CNH falls under pressure.

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USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut - Central Bank Watch

Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.

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Gold Plunges on US-China Trade Headlines; Trump Tariff Delay

Headlines crossing the wires on US-China trade talks are pushing risk appetite further as a US Official says the US has agreed to roll back tariffs. Gold breaks below the 1464.00 mark and USDCNH si...

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CAD: Canadian Dollar Forecast – Will the BOC Capitulate & Cut?

The Canadian Dollar (CAD) seems at risk since the Bank of Canada (BOC) softened up language in its latest monetary policy update and could open up the door to the central bank's first rate cut sinc...

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Euro Forecast: EUR/USD Reversal Gathers Pace; EUR/JPY Maintains Flag

EUR/USD has been under renewed pressure in recent days, while EUR/JPY has continued to hold within its sideways consolidation from mid-October.

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USD Price Outlook: US Dollar Back to Resistance, GBP/USD Dips on BoE

The US Dollar is putting in another test at the 98.00 level, and that short-term resistance doesn't appear as though it'll hold for much longer.

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Dovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts

GBP/USD drops on dovish BoE with 2 voters calling for a rate cut.

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Canadian Dollar Forecast: USD/CAD Price Remains Vulnerable

USD/CAD is finding it hard to break back above the 1.3200 area and short-term trading is now confined between the 20- and 50-day moving averages.

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Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign

Yesterday saw parliament dissolved, which in turn, officially marked the beginning of the general election campaign.

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Euro Price Outlook: EUR/USD May Fall on EU Commission Forecast

The Euro may suffer against its UD Dollar counterpart if the European Commission’s economic forecasts cast a dark cloud over the Eurozone’s economic growth trajectory.

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Gold Prices to Look Past BoE Rate Call to China Trade Data

Gold prices remain supported by the prospect of delay in the signing of a US-China trade accord. They may not have much to look forward to in the UK central bank’s November policy call.

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British Pound Forecast: GBP/USD, EUR/GBP Eye BoE, UK Election

The British Pound will be bracing for the Bank of England rate decision and subsequent press briefing as the campaign season kicks off with Brexit uncertainty looming.

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Brazillian Real Sinks as Oil Rights Flop Flags Trade War Pain

Brazil held what was mean to be a transformative auction of offshore crude oil drilling rights this week. It fell flat. The global trade war may be to blame.

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Japanese Yen Outlook: Did the BoJ Just Admit Policy Failure?

How will the Japanese Yen respond as the Bank of Japan appears to begin walking back from years of assuring the markets that ‘powerful monetary easing’ would be enough to stoke inflation?

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Canadian Dollar, Crude Oil Prices Sank. USD/CAD Uptrend May Extend

The Canadian Dollar sank with crude oil prices and the USD/CAD uptrend prolonged as expected. Ahead, the anti-risk Japanese Yen may gain at the expense of the Australian Dollar.

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Nasdaq 100 Forecast: Are Investors Apprehensive About Big-Tech?

US stocks have pushed to record levels, but low trading volume suggests the recent rally has lacked the serious conviction that could be required to establish long-lasting gains.

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USD/CAD Forecast: Will the Bank of Canada (BOC) Capitulate?

The Canadian Dollar (CAD) seems at risk since the Bank of Canada (BOC) softened up language in its latest monetary policy update and could open up the door to the central bank's first rate cut sinc...

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US Dollar Forecast: DXY Index Hits Critical Resistance - Levels for USD/JPY

The US Dollar has been trading sideways for a few weeks, but there is growing evidence that traders are becoming less concerned about the Federal Reserve’s interest rate cut cycle.

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Sterling Price Outlook: British Pound Breakout Stalls-GBP/USD Levels

Sterling is on the defensive ahead of the BoE decision with British Pound holding a three-week price range. Here are the levels that matter on the GBP/USD weekly chart.

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Stock Market Outlook Weakens After US-China Meeting Delayed

Stocks slumped after it was announced the trade meeting between Presidents Trump and Xi would be delayed until December, creating concern that a deal is even possible.

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USD/CNH Above 7.0, Gold Pops on US-China Trade Deal Delay

USD/CNH spiked back above the taboo 7.0000 price level while gold prices jumped and equities slid in response to reports that the phase one US-China trade agreement could be breaking down.

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US Recession Watch, November 2019 - Recession Odds Shrink on US-China Trade War Talks

There is less than a 30% 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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Euro Price Outlook: EUR/USD Slumps into Range Support– Trade Levels

Euro reversed off long-term slope resistance this week with price plummeting into initial support targets. Here are the levels that matter on the EUR/USD price charts.

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US Dollar Slips, Canadian Dollar Dragged Down by Soft Crude Oil Prices - US Market Open

A rather lacklustre session thus far with major USD pairs trading in relatively tight ranges. Canadian Dollar underperforms on softer oil prices.

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Gold Technical Analysis: Gold Prices Fall to Range Support

Last week's USD-weakness brought a resistance test to Gold but, once again, buyers failed to take control of the matter. Gold price action is now back to range support.

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Brexit Briefing: UK Election Campaign Begins, EUR/GBP Support Critical

Prime Minister Boris Johnson will confirm officially today that a UK General Election will be held on December 12. For EUR/GBP traders, the key level to watch is support at 0.86.

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Euro Forecast: EUR/USD May Extend Decline After EU Data Print

The Euro’s decline vs the US Dollar may accelerate if Eurozone PMI and Germany factory orders data spooks regional investors and pressure the EUR/USD exchange rate.

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Crude Oil Prices Hit By Huge Inventory Build, More Stock Data Eyed

Crude oil prices have been blindsided once again by surprise inventory data out of the US, with the latest twist a shocking stock build.

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Gold Prices Stuck in October Range Following Upbeat ISM Survey

Developments coming out of the US may continue to influence the price of gold as Fed officials start to endorse a wait-and-see approach for monetary policy.

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Gold Price Prediction, AUD/USD Outlook Using Trader Positioning

Trader positioning hints that gold prices may turn lower while the US Dollar could weaken against the Australian Dollar. XAU/USD, AUD/USD face key psychological barriers though.

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