Top Trade Idea 2020: Long NOKSEK – Seasonal Trends Remain Prominent

As has typically been the case over the past 5-years price action in NOK/SEK has been typically characterized by selling into the yearend before posting a notable rebound in Q1.

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AUD Forecast 1Q-2020: Australian Dollar Outlook Grim on Fed RBA Rates Path

The Australian Dollar steadied in the fourth quarter. The bellwether AUD/USD exchange rate settled into a choppy range after finding support at decade lows in early August as ebbing concerns about ...

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Top Trade Idea 2020: Short EUR/USD - Euro May Crumble as Dovish ECB, Political Risks Weigh

The Euro faces a challenging path forward in 2020. Regional economic growth remains at near-standstill, all but assuring a durably dovish ECB.

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Top Trade Idea 2020: Canadian Dollar 2020 Outlook, Yield Advantage Against AUD and NZD

My top trading opportunities in 2019 were going long the Canadian Dollar against currencies such as the Australian and New Zealand Dollars.

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Top Trade Idea 2020: Long European Equities on Fiscal Stimulus Prospects

In the twilight of 2019, the Eurozone economy saw its annual growth forecast slip to the lowest since 2013 after flirting with stagnation for months, but rounded out the year with a comfortably pos...

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Top Trade Idea 2020: Short: EUR/NZD – Bearish Signals on the weekly chart

On Oct 18, uptrend move led EUR/NZD to a multi- year high at 1.7929. On Oct of this year the price rallied again. However, the pair has not been able to push towards the previous peak highlighting ...

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Australian Dollar Forecast: AUD/USD Surges, but Rally Looks Overdone

The Australian Dollar added to recent gains as President Trump announced the United States and China will meet to sign the “Phase One” trade deal on January 15. Can AUD/USD extend higher still?

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Top Trade Idea 2020: Long EUR/JPY – Chart Suggests a Bullish Set-up in the Making

My forex-pair to watch for a longer-term set-up in 2020 is long EUR/JPY with the charts currently suggesting that the heavy sell-off initiated at the start of 2018 is finally breaking down.

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Top Trade Idea 2020: Short EUR/GBP – Sterling to Rise as Brexit Uncertainty Fades After UK Election

The election of a clear majority government in the UK after years of Brexit deadlock won't make all the nation's considerable economic and social difficulties disappear but it does remove uncertain...

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US Dollar Gyrates after Consumer Confidence Miss

The Conference Board Consumer Confidence Index printed a reading of 126.5 for December, missing expectations of 128.2 as the short -term outlook for income and labor market conditions decrease

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Top Trade Idea 2020: Long Equities and USD/SEK, Then Short AUD/JPY on Political Risk

In 2020's adolescence, markets may continue to rejoice on ethereal optimism of improving fundamentals and US-China trade relations, but that may turn sour as the year progresses

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GBP Forecast 1Q-2020: Sterling Eyes New Brexit Deadline

The final quarter of the decade for the Pound has been its best, with the currency gaining 6.6% against the US Dollar.

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Top Trade Idea 2020: Global Recession? Take the Under: Long Crude Oil, Long CAD/JPY

One of the most popular calls in the second half of 2019 was that the global economy, led by the US, was moving towards a recession.

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Top Trade Idea 2020: Short USD/JPY Below 6-Year Wedge

We start off this new trading year with an unmistakable speculative appetite that has pushed certain benchmarks of 'risk' - like the Dow and S&P 500 - to record highs.

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Top Trade Idea 2020: Short AUD/USD, Ranging USD/CAD

The AUD/USD rebound following the 2019 currency market flash-crash has been capped by the 200-Day SMA (0.6909), with the exchange rate staging multiple failed attempts to break/close above the movi...

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China-Sweden Tensions Flare Up: Another Trade War in 2020?

While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world.

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Crude Oil Prices Hold Close to 3-Month Highs On US-China Trade Hopes

Crude oil markets have been notably short of holiday season profit-taking which suggests that some investors see further upside as 2020 starts

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Bullish AUD/USD Behavior to Persist as RSI Pushes Into Overbought Zone

Recent developments in the Relative Strength Index (RSI) cast a bullish outlook for AUD/USD as the oscillator pushes into overbought territory.

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Top Trade Idea 2020: USD/MXN Set Up for a Volatility Breakout; Good Omen for Dollar, FX Vol

USD/MXN is setting itself for a major breakout in volatility, and of course with it a large price moves once the breakout sorts itself out, clean or not.

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Why Markets Will be Closely Watching US Housing Data in 2020

Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat.

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Top 5 Most Market Moving Grey Swans to Watch for 2020

There are events for which an intense impact is still a possibility but for which their occurrence is at least a possible blip on the radar. These are ‘Grey Swans’ and these are my top five for 2020.

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EUR Forecast 1Q-2020: Weakness Likely to Persist in Early 2020 Before Rallying Later in The Year

The persistent weakness of the Euro against the US Dollar, which began in late September 2018, will likely persist in the first few months of 2020 although a rally could follow as the US Presidenti...

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Gold Price Clears November High as RSI Sits in Overbought Territory

The price of gold clears the November high ($1516) and recent developments in the RSI instill a bullish outlook for bullion as the oscillator sits in overbought territory.

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Top Trade Idea 2020: Long NOKSEK – Seasonal Trends Remain Prominent

As has typically been the case over the past 5-years price action in NOK/SEK has been typically characterized by selling into the yearend before posting a notable rebound in Q1.

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Australian Dollar Up as China Manufacturing PMI Hangs On Above 50

The Australian Dollar continued to gain on a holiday-hit Tuesday as official data showed that China’s nascent manufacturing expansion lasted another month.

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Top Trade Idea 2020: Long Gold as Central Banks Remain Accommodative and Inflation Rebounds

The performance of gold was quite solid in the first half of 2019 and even outpaced the rally in major equity indices like the Dow Jones for part of the year.

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Top Trade Idea 2020: Short EUR/CHF, EUR/JPY as Eurozone Economy Suffers from Impact of Brexit

Looking back at the forecasts made a year ago by the DailyFX analysts, I was struck by the fact that four of us were bearish the Euro: two against the Japanese Yen and one against the Canadian Doll...

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Top Trade Idea 2020: Support Central Banks Plus a Big Election Keep Focus on Long Gold

Next year brings another Presidential Election in the United States, and given the outlay of the past three years, it seems almost obvious that President Trump is going to want to stimulate the eco...

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Bitcoin Price Forecast 2020: BTC/USD Lacks Bullish Sentiment, For Now

After surging more than 260% in the first six months of 2019, Bitcoin will end the year in a relatively disappointing fashion. Can BTC/USD regain its charm in 2020, or will it fall further?

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Dollar 2020 Outlook: EUR/USD, USD/CAD, AUD/USD Technical Charts

Updated technical charts for the US Dollar Majors heading into the start of the 2020 trade. These are the levels that matter on Euro, Loonie and Aussie weekly charts.

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Gold Price Outlook: Risk of Upside Breakout Despite Resistance Holding

Gold prices have remained underpinned by the continued pullback in the US Dollar. However, while resistance has capped further upside, seasonal trends may come into effect.

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Fed Monetary Policy Outlook in 2020: FOMC Voting Changes

2020 will see four regional Fed presidents rotate into voting spots, which will make for a slightly more dovish FOMC committee.

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Why Markets Will be Closely Watching US Housing Data in 2020

Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat.

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Gold Prices Inch Up as US Iraq-Syria Strikes Bring Risk Appetite Down

Gold prices headed up in Asia as news of US strikes on Iranian backed militia offset the effects of more record Wall Street highs.

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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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EUR/USD Prices Soared in Thin Trade But Key Resistance Held

The EUR/USD had its best day since August in thin trade, but the Euro stopped short of resistance. Foreign exchange markets remain focused on risk trends as 2019 wraps up.

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Gold Forecast 1Q-2020: Shift in US Trade Policy Casts Bullish Outlook

The price of gold appears to be stuck in a narrow range after trading at its highest level since 2013, but the precious metal may continue to exhibit a bullish behavior in 2020 as market participan...

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AUD Forecast 1Q-2020: Australian Dollar Outlook Grim on Fed RBA Rates Path

The Australian Dollar steadied in the fourth quarter. The bellwether AUD/USD exchange rate settled into a choppy range after finding support at decade lows in early August as ebbing concerns about ...

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GBP Forecast 1Q-2020: Sterling Eyes New Brexit Deadline

The final quarter of the decade for the Pound has been its best, with the currency gaining 6.6% against the US Dollar.

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EUR Forecast 1Q-2020: Weakness Likely to Persist in Early 2020 Before Rallying Later in The Year

The persistent weakness of the Euro against the US Dollar, which began in late September 2018, will likely persist in the first few months of 2020 although a rally could follow as the US Presidenti...

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Bitcoin Price Forecast 2020: BTC/USD Lacks Bullish Sentiment, For Now

After surging more than 260% in the first six months of 2019, Bitcoin will end the year in a relatively disappointing fashion. Can BTC/USD regain its charm in 2020, or will it fall further?

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Will the Stock Market Crash in 2020?

The stock market enjoyed an incredible rally in 2019 despite a string of warranted concerns. While many have been resolved, some of the most worrisome remain. Will they cause a stock market crash i...

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Canadian Dollar Risks 2020 Breakout as USD/CAD Drops to Key Support

Following the tightest yearly range in over a decade, 2020 may see USD/CAD break out provided the pair falls through key support.

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Historical Volatility: A Timeline of the Biggest Volatility Cycles

Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.

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Fed Monetary Policy Outlook in 2020: FOMC Voting Changes

2020 will see four regional Fed presidents rotate into voting spots, which will make for a slightly more dovish FOMC committee.

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Euro Braces For 2020 Ahead of Trade Wars, Debt Risks, Slow Growth

The fundamental outlook in 2020 presents a myriad of formidable obstacles for the Euro including trade wars and debt risks that could erase its recent gains and accelerate its 10-year downtrend.

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Crude OIl Prices Nudge Three Month Peaks As US Data Lift Demand Hopes

Crude oil has had a pretty good year between hopes for a US-China trade deal and supply cuts from traditional producers. It seems set to exit 2019 on a high note.

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SGD Faces Tough Road Ahead as Singapore Output Contrasts PMIs

The worst Singapore industrial production since 2010 contrasted with the improving outlook in global PMIs on US-China trade deal bets. That may come back to bite the Singapore Dollar.

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Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).

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Top 5 Most Market Moving Grey Swans to Watch for 2020

There are events for which an intense impact is still a possibility but for which their occurrence is at least a possible blip on the radar. These are ‘Grey Swans’ and these are my top five for 2020.

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Top Trading Lessons: Technicals Hold All the Weight, Not the Click-Bait

Heading into the start of 2019, the news headlines and financial publications would have had you thinking the UK economy was going into a tailspin with many calling for parity on GBP/USD as concern...

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Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).

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Australian Dollar Steady as China Industrial Profits Return To Growth

The Australan Dollar rose only slightly in a holiday-thinned market on news that Chinese industrial fortunes managed to bounce back last month.

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Australian Dollar May Rise as AUD/USD, AUD/JPY Rates Eye Breakout

The Australian Dollar may rise as AUD/USD and AUD/JPY face major technical breakouts after the S&P 500 gained and Amazon reported “record-breaking” holiday sales in thin trade.

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Historical Volatility: A Timeline of the Biggest Volatility Cycles

Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.

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Gold Bulls Search for Low/Uptrend Resumption

Heading into the start of Q4 we noted that while the broader outlook remains constructive, seasonal tendencies do not favor gold in the fourth quarter and the advance is vulnerable heading into Oct...

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Japanese Yen Pressured as Big Problems Seem to Fade

The Japanese Yen sails into a new quarter and indeed a new year with some clear difficulties, at least if you’d like to be a bull. Will they last?

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AUD/USD Bottom Lacks Confirmation into 2020

AUD/USD managed to recover about 1.6 to 1.8 percent in the last three months of 2019. While this might have been the best quarter since Q3 2017, it certainly was not the most exciting.

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Top Trading Lessons: The Critical Task of Learning to Lose Gracefully

This did require more time and effort on my part when I planned out trades, but it ultimately saved me from larger-than-expected losses.

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Stock Market 2020 Forecast: Stocks to Round Out 2019 at Record Levels, Where to Next?

The fourth quarter saw global equity markets roar high as some key headwinds were put on pause and investors seized the opportunity to bid stocks higher. Can they continue the rally in 2020?

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Top Trading Lessons: Remember the Basis of Your Trade

Remember why you entered the position in the first place: Listen to your analysis and stay true to your trading style and typical timeframe.

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Top Trading Lessons: Not Letting My Profits Run to Target

While taking a profit is not wrong, the reason that I cut these positions certainly was wrong as I did not let my trade play out.

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Top Trading Lessons: Trust Your Fundamental Analysis and Ignore the FOMO

This year taught me a valuable trading lesson: trust your fundamental analysis and ignore the insidious pull of FOMO.

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Top Trading Lessons: Make the Plan, Trade the Plan; Don’t Succumb to Paralysis by Analysis

The traders that were able to successfully navigate the tempestuous market environment were those that were ruthless practitioners of basic risk management principles.

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Top Trading Lessons: Global Markets Aren't a Two Player Game

How often do you catch yourself referring to trades or analysis as an effort to 'beat the market'? For myself, the answer is far too often given the fallacy in logic that it can represent.

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Top Trading Lessons: Rely on Price Action When Fundamentals Don’t Make Sense

Major developments coming out of the US swayed the financial markets throughout 2019 as the Federal Reserve delivered three consecutive rate cuts in response to the shift in trade policy.

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CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020

Crude Oil May Rise on Easing Trade War Risks, OPEC Supply Cuts

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Top Trading Lessons: Allowed Too Much ‘Wiggle’ Room on Profitable Trades in Wrong Environment

Coming into 2019 the top takeaway from the year prior was that I was a bit too selective as a result of trying to adjust to the low-volatility environment, so I decided to loosen it up a bit even i...

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Top Trading Lessons: Don't Fight the Fed

At the backend of 2018, the Federal Reserve had signaled that monetary tightening was on ‘autopilot’, which in turn had led towards a late 2018 equity market rout.

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Gold Price Outlook: XAU/USD Bullish Breakout With Bets of a Top?

Gold prices confirmed a bullish technical breakout as the US Dollar and bond yields fell. Net long positioning is on the decline. Could this mark a reversal for XAU/USD?

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Top Trading Lessons: Stay Cognizant of Cycles and Seasonality

Patterns in life appear everywhere - including financial markets and the macroeconomy.

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Top Trading Lessons: Global Economic Weakness Should Damage the Oil Price, So Why Didn't It?

Analysts and traders spent much of 2019 worrying about weakening global economic growth, and they were right to be concerned.

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US DOLLAR FUNDAMENTAL FORECAST: Q1 2020

Will Risk Trend, Recession Fears or Trump Break Dollar from Its Stasis?

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Historical Volatility: A Timeline of the Biggest Volatility Cycles

Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.

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Gold Price Forecast: XAU/USD Hits 6-Week High, Overbought Signal Flashes

Gold is back at levels last seen in early November as turnover cools into the holiday season. One warning signal is now flashing as gold enters a zone of congestion.

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Fed Monetary Policy Outlook in 2020: FOMC Voting Changes

2020 will see four regional Fed presidents rotate into voting spots, which will make for a slightly more dovish FOMC committee.

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British Pound Groans on Brexit as Holidays Leave Thin Liquidity

The British Pound continues to suffer amid thin liquidity during the holidays as no-deal Brexit fears continue to pressure GBP heading into the new year.

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Gold Prices Up as Weaker US Data Hit Risk Appetite. Trade Story Drives

Gold prices have had a late year boost which have seen them break through many key technical resistance points this week.

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Palladium on Path to Bearish Correction? Silver Outlook Bullish

Palladium prices have reached a record high this year, though recent price action suggests a bearish correction may be in the cards. Silver, on the other hand, may have a bullish streak ahead.

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Canadian Dollar Soars, Euro Sinks. Will 2020 See Fortunes Reverse?

The Canadian Dollar looks like this year’s major currency winner, with higher oil prices and tempting interest rates among its charms. They should serve it well into the New Year too.

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Swedish Krona, Norwegian Krone Outlook Bullish in Q1, 2020

The outlook for the Swedish Krona and Norwegian Krone is bullish for Q1 2020 as ethereal market optimism about fundamental themes pushes risk-oriented assets higher. What could derail their ascension?

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GBP/USD Rate Follows Bearish Technical Cues. AUD, NZD Prices Rise

The British Pound fell, following bearish GBP/USD technical forecast signals. The Australian and New Zealand Dollars rose with stocks. Soft US durable goods orders cooled the S&P 500.

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A Market Reversal is Inevitable but Traders' Experience Delays the Reckoning

A systemic turn in the global markets is inevitable but timing is always the most important qualifier. After a decade’s climb and clear deviation from traditional ‘fundamentals’ perhaps inexperienc...

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Top 5 Most Volatile Events of 2019: Charts & Themes to Remember

Volatility across asset classes gyrated broadly throughout 2019 largely in response domineering themes like trade war, monetary policy, geopolitics and recession uncertainty, which will linger into...

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Bitcoin Price Forecast 2020: BTC/USD Lacks Bullish Sentiment, For Now

After surging more than 260% in the first six months of 2019, Bitcoin will end the year in a relatively disappointing fashion. Can BTC/USD regain its charm in 2020, or will it fall further?

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US Dollar Outlook: DXY Rises into Year-End, but Death-Cross Looms

The US Dollar has edged higher as year-end approaches, but the DXY Index faces a bearish death cross of its 50-day and 200-day moving averages, which could weigh on USD price action.

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EUR/USD Forecast - Battling Short-Term Technical Indicators

EUR/USD remains just off its two-week low and is currently stuck between two short-term moving averages in holiday-thinned market conditions.

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US Dollar May Rise on Housing Data and Industrial Reports

The US Dollar may tick higher if US housing data shows strong growth in a key sector of the economy, and upside gains may be amplified by improving industrial data.

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Crude Oil Prices Drift Lower Despite US-China Trade Hopes

Crude oil prices remain close to three-month peaks, supported by rising hopes that China and the US can get an interim deal over the line and move on to a more substantive agreement.

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Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one.

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Swedish Krona, Norwegian Krone Outlook Bullish in Q1, 2020

The outlook for the Swedish Krona and Norwegian Krone is bullish for Q1 2020 as ethereal market optimism about fundamental themes pushes risk-oriented assets higher. What could derail their ascension?

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SGD, PHP, IDR, MYR Outlook Hinges on Balance Between Fed, Sentiment

The US Dollar outlook against the SGD, MYR, PHP and IDR into next year could be a delicate balance between improving sentiment and fading 2020 Federal Reserve easing expectations.

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Stocks May Turn Defensive with US Presidential Election Eyed

Global stocks may turn defensive as the calendar turns to 2020 and financial markets turn their attention to the outcome of the US presidential election.

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EUR/USD Prices Overturn Bullish Outlook as US Dollar Rallies

The US Dollar rose as its yield advantage shined in “risk-on” trade, reversing prior bullish technical signals in EUR/USD. The Canadian Dollar fell on dismal local retail sales.

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Gold Bulls Search for Low/Uptrend Resumption

Heading into the start of Q4 we noted that while the broader outlook remains constructive, seasonal tendencies do not favor gold in the fourth quarter and the advance is vulnerable heading into Oct...

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Japanese Yen Pressured as Big Problems Seem to Fade

The Japanese Yen sails into a new quarter and indeed a new year with some clear difficulties, at least if you’d like to be a bull. Will they last?

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AUD/USD Bottom Lacks Confirmation into 2020

AUD/USD managed to recover about 1.6 to 1.8 percent in the last three months of 2019. While this might have been the best quarter since Q3 2017, it certainly was not the most exciting.

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Stock Market 2020 Forecast: Stocks to Round Out 2019 at Record Levels, Where to Next?

The fourth quarter saw global equity markets roar high as some key headwinds were put on pause and investors seized the opportunity to bid stocks higher. Can they continue the rally in 2020?

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CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020

Crude Oil May Rise on Easing Trade War Risks, OPEC Supply Cuts

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US Dollar Forecast Q1, 2020

Will Risk Trend, Recession Fears or Trump Break Dollar from Its Stasis?

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How to Invest During a Recession: Investments & Strategy

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

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US Dollar Outlook: DXY Rips into Resistance – USD Levels to Watch

The US Dollar Index (DXY) faces a looming bearish death cross of its 50-day and 200-day moving averages, which could serve as a major headwind to USD price action going forward.

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Canadian Dollar Outlook: USD/CAD Drops to Support, Will it Break Out?

The Canadian Dollar surged against its southern neighbor in December after encountering resistance around 1.3350. Falling to longstanding trendline support, will USD/CAD breakout in 2020?

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USD/JPY Jumps to Session Highs as the Dollar Gains on US Data

The US Dollar is rising toward intraday highs on better-than-expected data on the US economy like personal income, spending and core PCE inflation, which is crimping FOMC interest rate cut odds.

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US Dollar Volatility May Rise Next Year: DXY, EUR, CAD Charts & More

As we are nearly set to begin a new year, the question is: Could 2020 bring better trading with a breakout in volatility?

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Sterling Price Forecast: GBP/USD Challenging Big Figure Support

Sterling (GBP) has come under selling pressure in recent days and given back all the post-election rally. GBPUSD remains positive but will need to respect support if it is to push higher.

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US Dollar May Rise on PCE Data and Trade War Optimism

The US Dollar may rise against its major counterparts if key economic statistics cool Fed rate cut bets amid a climate of market buoyancy. EUR/USD to test key support?

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Gold to Track November Range with US-China to Sign Trade Deal in 2020

The price of gold may continue to track the range from November as the US and China look to sign the Phase One trade deal in January.

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Crude Oil Prices Strong, Look Set For Third Straight Weekly Gain

Crude oil prices are still benefitting from hopes that even an interim trade deal between China and the United States will mean much stronger global energy demand.

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British Pound Outlook Bearish Amid Renewed No-Deal Brexit Fears

Renewed Brexit fears have battered the British Pound and caused EUR/GBP and GBP/USD to spike and plunge, respectively. Both pairs are now approaching key technical levels.

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CAD Price Forecast: USD/CAD, NZD/CAD Rates May Rise on Canada GDP

Near-term Canadian Dollar strength could be at risk to next week’s local GDP report. Technical analysis hints that USD/CAD may turn higher as NZD/CAD maintains its uptrend.

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Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one.

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AUD/USD Rebound Undermined by Historical Behavior Around 200-Day SMA

The failed attempt to close above the 200-Day SMA (0.6904) undermines the recent rebound in AUD/USD amid the historical tendency around the moving average.

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GBP/USD Rate Reversal May Accelerate as NZD/USD Price Rises

The British Pound’s descent may prolong, reversing the dominant uptrend in GBP/USD. Ahead, the pro-risk New Zealand Dollar may rise as the anti-risk Japanese Yen weakens.

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Stock Market Forecast: Russell, EM Breakout May Suggest Another Rally

The Russell 2000 and emerging market equities were largely left behind during recent stock rallies, until a US-China phase one trade deal opened the door higher for both stock baskets.

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Canadian Dollar Outlook: USD/CAD Drops to Support, Will it Breakout?

The Canadian Dollar surged against its southern neighbor in December after encountering resistance around 1.3350. Falling to longstanding trendline support, will USD/CAD breakout in 2020?

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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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AUD/USD Bounces Back, GBP/USD Selling Persists - US Market Open

RBA given room to breathe on Australian Jobs data, post-election GBP/USD selling shows little signs of reversing.

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GBPUSD whipsaws as MPC leave rates unchanged and signal economic recovery

GBPUSD attempts a recovery but fails to push higher as the pair continues its sideways trend going into the end of the year.

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Sweden's Riksbank Raises Interest Rates: EUR/SEK Downtrend Remains Intact

The Swedish central bank has lifted interest rates out of negative territory for the first time in nearly five years.

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Brexit Briefing: EU Warning, Queen's Speech, Bank of England and GBP

Sterling continues to hold its ground after an EU warning that a no-deal Brexit would hurt the UK more than the EU; coming up, the Queen’s Speech and a central bank rate decision are unlikely to mo...

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Stocks May Turn Defensive with US Presidential Election Eyed

Global stocks may turn defensive as the calendar turns to 2020 and financial markets turn their attention to the outcome of the US presidential election.

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GBP, SEK, NOK Brace for BoE, Norges Bank and Riksbank Rate Decisions

The BoE, Norges Bank and Riksbank are all announcing their rate decisions, but British Pound, Swedish Krona and Norwegian Krone traders primarily have their eye on one – and it’s not what you think.

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NZD/USD Correction Unravels as RSI Falls Back from Overbought Zone

Recent developments in the Relative Strength Index (RSI) warn of further losses in NZD/USD as the oscillator falls back from overbought territory.

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Gold Prices Gain as Trump Impeachment Takes Over From Trade Worries

Gold prices maintained their bid on news that the US President will become only the third office holder to face trial in the Senate.

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EUR/USD Rate Forecast: RSI Offers Bearish Signal

EUR/USD carves a fresh series of lower highs and lows, with the RSI offering a bearish signal as the oscillator snaps the upward trend carried over from November.

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Australian Dollar Gains. Job Creation Returns to Health, Smashes Forecasts

The Australian Dollar got a boost as November's employment data came surging back to form. The RBA is closely watching this series, strength here may make lower rates less likely.

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Canadian Dollar Rose With Crude Oil Prices, Will Yen Look Past BoJ?

The Canadian Dollar gained on a combination of rosy local CPI data and rising crude oil prices. The anti-risk Japanese Yen may look past the Bank of Japan in favor of market mood.

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NZD/USD Rises after Upbeat GDP Report Tampers RBNZ Cut Odds

New Zealand GDP printed at 2.3% on a year-over-year basis, meeting expectations and beating expectations on a Quarterly basis at 0.7%

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US Dollar Outlook: GBP/USD, AUD/USD, USD/MXN Set for Volatility

The US Dollar is on pace to extend its rebound attempt,but the retracement higher may prove to be short-lived if support-turned-resistance hinders further upside. Meanwhile, GBP/USD, AUD/USD & USD/...

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Stock Market Forecast: Russell, EM Breakout May Suggest Another Rally

The Russell 2000 and emerging market equities were largely left behind during recent stock rallies, until a US-China phase one trade deal opened the door higher for both stock baskets.

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Canadian Dollar Outlook: USD/CAD Breakout Imminent– Loonie Levels

The Canadian Dollar has carved out a well-defined weekly opening-range just above the November lows. Here are the levels that matter on the USD/CAD technical 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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US Dollar Attempts a Comeback: EUR/USD, GBP/USD Give Back Gains

In the final full trading week of 2019 the US Dollar is attempting to stage a reversal to further claw back prior December losses.

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Dow Jones, Crude Oil & More: Indices, Commodity Technical Outlook

In today's session, we discussed the outlook of various indices and commodities as the year quickly comes to a close.

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Gold Price Outlook: Looking to Push Higher After Recent Consolidation

Gold is trading sideways to marginally higher, supported by all three moving averages. A clean break could bring $1,500/oz+ back into play.

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Brexit Briefing: GBP/USD Stabilizes Despite Doubts About Trade Talks

Sterling has steadied in the foreign exchanges even though Brussels is warning that only a basic free trade agreement between the UK and the EU can be reached by the end of 2020.

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EUR/USD Outlook Murky Ahead of German IFO Data, EU-US Tension

The Euro may fall against the US Dollar and cause EUR/USD to retreat from key resistance if German IFO data and EU-US trade tensions spook regional traders.

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Crude Oil Prices Slip As US Stock Build Puts EIA Data In Urgent Focus

Crude oil prices were hit by yet another unexpected stock rebuild in the US even as investors hope that reduced supply will meet rising demand if a US-China trade deal can fly.

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Gold Price Forecast: RSI Foreshadows Change in Behavior

Developments in the RSI instill a constructive outlook for gold and foreshadow a potential change in market behavior as the oscillator breaks out a bearish formation.

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Copper Outlook Bullish as Trade Risks Abate, Boosts Commodities

Copper prices are hovering at seven-month highs amid easing US-China trade tensions, reviving market buoyancy and an appetite for risk-oriented commodities.

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British Pound, Australian Dollar Outlook Against Yen: Trader Bets

The Japanese Yen may fall against the British Pound but strengthen against the Australian Dollar based on preliminary signals in GBP/JPY and AUD/JPY via IG Client Sentiment.

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AUD/USD Forecast: Failure at 200-Day SMA Warns of Further Losses

AUD/USD extends the decline from the monthly high (0.6939) following the string of failed attempts to close above the 200-Day SMA (0.6906).

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USD Prices May Rise on Bullish Technical Hint. GBP, AUD, NZD Fall

The US Dollar on average had its best day since September, leaving behind a bullish technical signal on British Pound weakness. Risk aversion weakened sentiment-linked AUD and NZD.

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

The US Dollar will likely take cue from counterpart price action – specifically USD/CAD, GBP/USD, NZD/USD and USD/JPY – considering economic event risk slated for Wednesday’s trading session.

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Nasdaq 100 Forecast: Can Semiconductors Lead the Index Higher?

The Nasdaq 100 soared to record levels on Monday as the December 15-tariff deadline was successfully postponed. With Micron earnings ahead, can semiconductors extend the Nasdaq’s rally?

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British Pound Price Outlook: GBP/USD Snaps Back to Support

GBP/USD ran into resistance at the 1.3500 level last week, and price action is now more than 300 pips off of the highs.

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EUR/USD Reversal at Resistance, AUD/USD Corrective Pattern; Charts & More

In today's session, we discussed a few key FX developments both shorter and longer-term; Euro coming off trend resistance, Aussie carving out corrective formation.

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Bitcoin (BTC) Price Analysis: Stuck to the Dominant Downtrend

Bitcoin trades back below $7,000 and remains glued to the downtrend started off the mid-year high. A break below $6,500 could see losses accelerate further.

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EUR/USD Technical Analysis - Euro Struggling to Break Higher

EUR/USD price action continues either side of the 200-day moving average while the last Friday's sell-off candle restricts further upside.

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Brexit Briefing: GBP/USD Eases on No-Deal Brexit Fears

Sterling is losing ground after UK Prime Minister Boris Johnson decided to add a clause to the Brexit Bill to stop any extension of UK-EU trade negotiations beyond the end of 2020.

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British Pound and FTSE 100 May Trim Gains on Brexit Woes

The selloff in the British Pound may echo into Europe’s trading hours and drag the benchmark FTSE 100 down with it as Brexit woes sap market confidence.

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Gold Prices Up Despite Risk Revival, US China Trade Hopes Lift Crude

Gold prices edged higher in a session which also saw strong gains for more pro-cyclical assets, suggesting that underlying haven bids aren’t being unwound despite trade optimism.

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

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

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USD/CAD Analysis: Canadian Dollar Strength Abates Amid Delayed USMCA

The recent strength in the Canadian Dollar appears to be abating amid the ongoing delay in the United States-Mexico-Canada Agreement (USMCA).

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Australian Dollar Dips on Downbeat RBA Minutes, Jobs Data Up Next

The Australian Dollar wobbled just a little as the RBA said it was prepared to offer more stimulus and kept focus firmly on the labor market.

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British Pound, GBP/USD Outlook as No-Deal Brexit Fears Resurface

The British Pound fell on reports Boris Johnson sought to prevent a delay in Brexit during the transitional phase, raising prospects of a top in GBP/USD on bearish technical signals.

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US Dollar Outlook: GBP/USD, AUD/USD, USD/SEK – Levels to Watch

The US Dollar is gravitating around 5-month lows as the Fed floods the market with liquidity via reverse repo operations. Where is USD price action headed next?

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Nasdaq 100 Forecast: Can Semiconductors Lead the Index Higher?

The Nasdaq 100 soared to record levels on Monday as the December 15-tariff deadline was successfully postponed. With Micron earnings ahead, can semiconductors extend the Nasdaq’s rally?

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Market Cycles | Phases, Stages, and Common Characteristics

Markets have been cycling since the beginning of time and will continue to do so for as long as they exist; in this piece a blueprint is laid out for how these occur and signposts to watch.

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US December PMI Data Prints Near Expectations

This morning brought the release of US services and manufacturing PMI for the month of December to the tune of 52.2 and 52.5 v/s the expectations of 52.0 and 52.6, respectively.

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Weekly US Dollar Forecast: Calendar Winds Down into Year-End

The forex economic calendar will do little by way of helping the US Dollar in the last full week of the year.

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US Dollar: GBP/USD Rallies, USD/CAD Sells-Off as AUD/USD Builds Base

Last week was big for global markets and a number of major currencies put in notable moves as year-end looms.

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Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts

This past week showed a remarkable amount of volatility given the general market conditions and being so late in the season. Will a trade war breakthrough and UK election result that thaws the Brex...

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British Pound (GBP) Underpinned and Looking to Move Higher - Webinar

Sterling is off its best levels made at the end of last week but remains supported. In the equity space, the FSTE 100 and the FTSE 250 are powering ahead.

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Sterling (GBP) Price Outlook - Positive Sentiment But Don't Push Too Hard

Sterling remains better bid at the start of the week and is expected to push further higher, with little in the way of negative news to dampen the rally.

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British Pound May Fall on PMI Data, BoE Report, Brexit Talks

The British Pound may trim some of its recent post-election gains if the Bank of England’s financial stability report and PMI data spook markets. What’s next for Brexit?

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Crude Oil Prices Slip as Lack of US-China Trade Detail Worries Investors

Crude oil prices had done well last week as trade and Brexit risks appeared to recede. However, a lack of detail in US-China talks has investors fretting that progress may be less significant than ...

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AUD/USD Fails to Close Above 200-Day SMA Despite US-China Trade Deal

The failed attempt to close above the 200-Day SMA (0.6909) undermines the recent advance in AUD/USD amid the historical tendency around the moving average.

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World's Oldest Central Bank to Exit Negative Rate Policy First

The Riksbank – the world’s oldest central bank - will exit its negative interest rate policy for the first time in known history as officials explore uncharted territory with unknown consequences.

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Indonesian Rupiah, Malaysian Ringgit May Rise on US-China Deal

The Indonesian Rupiah, Malaysian Ringgit, Philippine Peso and Singapore Dollar may continue their rise against the US Dollar on global optimism amid a US-China trade deal.

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Gold Price Holds Support Zone as Trump Negotiates Phase Two Trade Deal

The ongoing shift in US trade policy may continue to sway the price of gold as the Trump administration “will begin negotiations on the Phase Two Deal immediately.”

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Australian Dollar Spikes as China Retail, Industrial Figures Beat Forecasts

The Australian Dollar had been in retreat as US-China trade optimism was tempered, but it gained on stronger numbers out of the world's second-largest economy.

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Australian Dollar and New Zealand Dollar Outlook as Week Begins

The Australian and New Zealand Dollars trimmed their gains as optimism on the US-China “phase one” trade deal faded. NZD/USD is at risk to turning lower on signs of technical indecision.

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Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts

This past week showed a remarkable amount of volatility given the general market conditions and being so late in the season. Will a trade war breakthrough and UK election result that thaws the Brex...

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Dow Jones, DAX 30, FTSE 100 Forecasts: Major Risks Are Removed

Stocks enjoyed a broad removal of risk last week as the US and China seemingly reached a phase one trade deal while the UK general election saw conservatives gain an outright majority. What’s next?

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Sterling (GBP) Weekly Forecast - Short-Term Opportunities Opening Up

The UK population voted the Conservative government back in with a strong majority, giving PM Johnson the backing to push Brexit through. And Sterling (GBP) likes it.

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Euro Outlook May Darken on Slow Growth, Dovish ECB

The Euro may fall as the EU-US trade spat hurts already sluggish economic growth, locking in an ultra-dovish ECB stance and cementing its yield disadvantage.

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Gold Price Outlook Bearish on Easing Trade Tensions, GDP Data

Gold prices may suffer if better-than-expected US economic data and progress on US-China trade negotiations cool 2020 Fed rate cuts and alleviate demand for anti-fiat hedges.

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Oil Price Outlook Mired by Sticky US Crude Output

The price of oil preserves the advance following the OPEC meeting as the US and China, the two largest consumers of crude, reach a trade deal.

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US Dollar Outlook: FX Volatility Rising from Extreme Lows – USD Levels to Watch

Currency volatility is showing signs of resuscitating as the US Dollar Index breaks down to its lowest level since July despite the FOMC confirming its shift from dovish to neutral on rates.

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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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Dow Jones & DAX 30 Outlook: German Stocks to Close the Gap?

The Dow Jones and DAX 30 both enjoyed a boost from positive trade headlines this week, but new ECB policy and Brexit clarity could see the DAX 30 outperform US equities in the weeks to come.

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Euro Forecast: Reversals Gather Pace in EUR/JPY, EUR/USD

After the December ECB meeting and the UK general election, the EUR-crosses are giving up their gains.

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Canadian Dollar Outlook: USD/CAD Slides into Support– Loonie Trade Levels

The Canadian Dollar is firmer on the week against with price testing confluence support on Friday. Here are the levels that matter on the USD/CAD technical charts.

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Dow Jones Surges, Yuan Spikes as China Confirms Trade Deal with US

Stocks in the Dow Jones and S&P 500 are soaring alongside the Chinese Yuan as Beijing confirms trade negotiators have reached a partial deal in text with Washington and cancelation of Dec 15 tariffs.

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US Dollar Falls to Five-Month-Lows as GBP/USD, EUR/USD Break Out

The past 24 hours have produced some notable moves across the FX-space, setting the tables for what looks to be an eventful backdrop in 2020.

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US Dollar Breaking – GBP/USD, EUR/USD Charts for Next Week & More

In today's session, we discussed the precarious positioning of USD as the year nears an end, Cable's big jump on the election results and the Euro's upside potential.

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Crude Oil Price Analysis: Positive US-China Trade Talk Powers Rally

A positive technical outlook and news that the US and China have agreed a deal in principle sent oil surging with multi-month highs within touching distance.

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Sterling (GBP) Outlook Post-Election: GBP/USD and EUR/GBP Price Analysis

Sterling (GBP) powered higher after the UK Conservative party won a strong majority at the General Election. Will the market continue to rally, or does it need to consolidate before the next push h...

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Euro Stoxx 50 May Rally on UK Election, Retail Sales Data

Equities may climb higher early into the European and US session as both regions wake up to market-friendly exit polls on the UK election and progress on US-China trade talks.

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Crude Oil Prices Eye US-China Trade Deal Terms for Direction

Crude oil prices edged up as markets cheered the UK general election outcome and a nearly-there US-China trade deal, but technical cues continue to send warning signals.

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GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?

GBP/USD Soars after Conservatives look set to win the largest majority since 1987. What next for the Pound?

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US Dollar, Rupee and Nifty 50 Outlook After Trade Deal, Indian CPI

The USD/INR may fall as the Nifty 50 rises after the US and China avoided tariff escalation and Indian CPI increased at its fastest pace since July 2016 amid on onion shortage.

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Swiss Franc Technical Analysis: AUD/CHF, NZD/CHF

Technical signals in NZD/CHF are hinting that upside momentum is fading and a bearish correction may be in the cards. AUD/CHF may retreat after testing formidable resistance.

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AUD/USD Rate Stages Key Test of 200-Day SMA Amid US-China Trade Deal

AUD/USD clears the October high (0.6930) as the US and China reach a trade deal, but failure to close above the 200-Day SMA (0.6910) may undermine the recent advance.

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USD/JPY, AUD/USD, NZD/USD Price Rally May Extend on Trade Deal

The rally in AUD/USD, NZD/USD and USD/JPY may prolong after the US-China trade deal and the UK Exit Poll induced a “risk-on” tilt in financial markets ahead of the APAC trading session.

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GBP/USD Spikes as Poll Project Large Election Win for Boris Johnson

GBP/USD has spiked higher by over 2% in reaction to the UK Exit Poll, which projects a larger than expected majority for the Conservative party of 368 seats.

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GBP/USD, GBP/JPY & EUR/GBP: Charts to Watch as Pound Volatility Soars

British Pound implied volatility derived from overnight forex options contracts are at extreme highs and leaves GBP price action at risk of experiencing violent swings amid heightened uncertainty.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Surge on Potential Trade Deal

The pro-risk Australian Dollar spiked on Thursday following a series of positive developments in the US-China trade war that could see reduced tariffs, a potential windfall for the Aussie Dollar.

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Dow Jones Soars as US and China Agree to Trade Deal in Principle

The Dow Jones and Nasdaq 100 pressed to fresh levels on Thursday following headlines that the US and China may reach an agreement after all, as the two sides reportedly have a deal in principle.

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Japanese Yen Price Outlook: USD/JPY Breakout Levels- Resistance Ahead

The Dollar is ripping higher against the Yen with price eyeing monthly / yearly open resistance targets. Here are the levels that matter on the USD/JPY technical charts.

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Canadian Dollar Price Outlook: USD/CAD Re-Tests Monthly Low Post-FOMC

Global markets remain on the move amidst a bevy of drivers; but it's been a rollercoaster of a week for the Canadian Dollar and, in-turn, USD/CAD.

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Euro Stable as ECB Leaves Rates Unchanged, As Expected

The Governing Council of the European Central Bank has left all its key interest rates unchanged ahead of the maiden post-decision press conference by new ECB President Christine Lagarde.

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Gold price outlook: uptick post FOMC but investors remain wary of tariff developments

Gold prices saw some gains on Wednesday afternoon after the FOMC meeting but quickly retreated to continue their consolidation pattern ahead of trade war developments.

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Brexit Briefing: Voters Head to the Polls in UK General Election

Voting has begun in the UK General Election, with the polls due to close at 10pm local time and an exit poll due soon after.

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Gold Price Outlook May Turn Bullish If Key Chart Hurdle Falls

Gold prices may be back on offense after a three-month pullback if they manage to break critical chart resistance below the $1500/oz figure.

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EUR/USD Outlook Ahead of ECB, Post-FOMC Analysis

The Euro may extend its gains vs the US Dollar if the ECB surprises less-dovish after the FOMC decision and commentary by Jerome Powell pressured the greenback.

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Dollar and S&P 500 Strategy for the FOMC Rate Decision

The Fed held its benchmark rate – at a premium to global counterparts – and still projects an eventual return to hikes, so why did the Dollar drop? What lies ahead for the ECB, UK election and trad...

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AUD/USD and NZD/USD Rates Soar on the Fed, Powell to Resistance

The Australian Dollar and New Zealand Dollar soared after the Fed rate decision. This leaves AUD/USD and NZD/USD face trend-defining resistance.Follow-through may have to wait.

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Canadian Dollar Outlook: USD/CAD, CAD/JPY Levels Post-FOMC

The December Fed meeting saw USD/CAD crumble under pressure as Chairman Powell reiterated a dovish “wait and see” policy path for the central bank. Can the Canadian Dollar drive higher still?

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US Dollar Steady, Stocks Tick Higher Following Fed Rate Decision

The US Dollar held steady after Fed officials expectedly held the Federal Funds rate at 1.50% to 1.75% and announced they would monitor the impact of prior policy changes on the economy.

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EUR Price Outlook: Euro Eyes ECB Meeting, Lagarde After Fed

The Euro is at risk judging by EUR/USD overnight implied volatility which spiked to a 3-month high headed into the release of the latest monetary policy updates from the ECB & Fed.

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US Recession Watch, December 2019 - Recession Odds Down on US-China Trade Deal Hopes

There is less than a 25% 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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US Dollar Ahead of the Fed: EUR/USD, GBP/USD in the Spotlight

Today is a big day for US drivers, and tomorrow shifts focus to the ECB and the UK General Election.

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AUD/USD Rises on Cross Buying, GBP/USD Downside Protection in Demand - US Market Open

AUD benefits from cross related buying in AUD/NZD, while investors take out insurance across GBP/USD losses.

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US CPI Prints at 2.1% vs Expectation of 2.0, Core at 2.3%

US CPI data for the month of November was released this morning and focus now shifts to the Federal Reserve rate decision later today.

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UK General Election Preview: Everything You Need to Know

The UK election is expected to generate significant volatility for GBP/USD. Polls suggest a Conservative majority, which is expected to push GBP/USD higher.

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EUR/USD Forecast - Price Action Waits for Central Bank Double Header

EUR/USD volatility is expected to pick up in the short-term, from its current lowly levels, with the latest monetary policy reports out from the FOMC and the ECB.

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Brexit Briefing: GBP/USD Falls on UK Election Opinion Poll

A YouGov opinion poll ahead of Thursday’s UK General Election has raised doubts about whether the Conservative Party will win an outright majority, possibly delaying Brexit.

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US Dollar May Rise at Expense of Gold Prices on FOMC Outlook

The US Dollar may rise if the FOMC rate decision and outlook for policy in 2020 cools Fed rate cut bets at the expense of anti-fiat hedges like gold.

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Crude Oil Prices May Fall as the Fed Strikes a Cautious Tone

Crude oil prices may weaken while gold gains if the Federal Reserve walks back some of last month’s optimism about US-China trade talks and Brexit risk.

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Gold Price Outlook Hinges on Fed’s Summary of Economic Projections

Developments coming out of the US may sway the near-term outlook for the price of gold as the Federal Reserve updates the Summary of Economic Projections (SEP).

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NZD/USD Rate May Rise as AUD/USD Price Falls on Trader Bets

Market positioning hints that NZD/USD may turn higher as the AUD/USD extends its near-term drop ahead of the Fed, the UK General Election and the December 15 US-China tariff deadline.

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NZD/JPY Technical Outlook: Bearish Correction Ahead?

NZD/JPY may have a bearish correction in the cards as the pair loses upside momentum and approaches a formidable multi-year resistance channel.

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AUD/USD Rate Vulnerable to No Change in Fed Interest Rate Dot-Plot

Little to no change in the Federal Reserve’s interest rate dot-plot may drag on AUD/USD amid the deviating paths for monetary policy.

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US Dollar Bounces on Support, British Pound Sees Selling Pressure

The US Dollar bounced on key support amid broad weakness in the British Pound. The anti-risk Japanese Yen may gain as uncertainty prolongs in US-China, USMCA trade deal bets.

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Fed Meeting Preview: US Dollar Volatile Around FOMC Decisions

Fed meetings are historically associated with above-average volatility in the US Dollar and brings EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF and AUD/USD price action into focus headed into Wednes...

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GBP/USD: Cable Drops as Conservative Lead over Labor Fades – YouGov Poll

GBP prices dropped from session highs after the latest UK election poll from YouGov showed that the projected conservative majority dropped by 20 seats and raises the risk of another hung Parliament.

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Crude Oil Price May Climb on OPEC Meeting Outcome if Trade War Allows

Crude oil has surpassed its 200-day moving average as it takes aim at $60 a barrel following a bullish decision from OPEC to extend production cuts. Will the move allow for a continuation higher?

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US Dollar Outlook Hinges on FOMC Guidance, Fed Balance Sheet

US Dollar outlook remains focused on the December Fed meeting with forex traders likely directing attention toward updated FOMC projections and commentary from Fed Chair Powell.

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US Recession Watch, December 2019 - Recession Odds Down on US-China Trade Deal Hopes

There is less than a 25% 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 Rallies Alongside Oil Prices - Next Levels for USD/CAD

With energy markets trading higher at the start of the week, the oil-sensitive Canadian Dollar has been able to continue its rebound after last week’s jobs reports.

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Euro Price Outlook: EUR/USD Battle Lines Drawn ahead of FOMC

Euro reversed off confluence resistance last week with the recent recovery again eyeing this zone. Here are the levels that matter on the EUR/USD technical price charts.

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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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GBP/USD Eyes Final MRP Poll, South African Rand (ZAR) Collapses - US Market Open

GBP/USD shrugs off weak UK data as focus remains on YouGov MRP poll. South African Rand collapses on Eskom concerns.

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US Dollar Primed for CPI, FOMC as GBP/USD Rally Continues

Tomorrow is big for global markets and as a focal point, the US Dollar. The devil is in the details as the Fed is expected to hold policy, but what else might they say?

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Market Sentiment Stable as Trade Deadline Nears | Webinar

Market confidence is a little weaker than it has been recently as the December 15 deadline for new US tariffs on Chinese imports draws closer but as yet there have been no large risk-off moves.

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US Dollar Charts – Euro, Pound, Silver Outlook & More

In today's session, we looked at a few USD charts as the Greenback looks towards support, as well as precious metals.

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UK General Election Preview: Everything You Need to Know

The UK election is expected to generate significant volatility for GBP/USD. As it stands, polls suggest a Conservative majority, which is expected to push GBP/USD higher.

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Gold Prices May Rise as Markets Eye Fed, UK Vote, US Tariffs

Gold prices may rise while bond yields fall as markets turn defensive before the FOMC rate decision, the UK general election and a planned US tariff hike.

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Brexit Briefing: Nigel Farage's Election Strategy Backfires

The UK General Election campaign of Nigel Farage, the leader of the Brexit Party, is spluttering as Prime Minister Boris Johnson continues to repeat his mantra: Get Brexit Done.

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Gold Price Nudging Slowly Higher, Silver Outlook Supportive Ahead of Risk

Gold continues to nudge higher off its recent four-month low and is attempting to break a noted technical resistance level. Silver continues to respect support after its recent sell-off.

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British Pound May Fall on Industrial Data Ahead of UK Election

The British Pound may suffer heading into the UK election if local industrial and GDP data inflame BoE rate cut bets ahead of the UK election.

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USD/CAD Forecast: Post NFP Rebound Unravels Amid Hopes for USMCA

USD/CAD pares the advance following the US Non-Farm Payrolls (NFP) as Congress appears to be on track to pass the United States-Mexico-Canada Agreement (USMCA).

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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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Australian Dollar Outlook in AUD/USD, AUD/JPY After China CPI

The Australian Dollar is vulnerable to volatility on the Fed and UK General Election after Chinese CPI data surprised higher. I discuss the technical outlook in AUD/USD and AUD/JPY.

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NZD/USD Rate Forecast: RSI on Cusp of Offering Textbook Sell Signal

NZD/USD pulls back from the monthly high (0.6576) and the RSI may offer a textbook sell-signal as the oscillator struggles to hold in overbought territory.

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Canadian Dollar Prices Focus on USMCA Deal Bets as AUD Declines

The Canadian Dollar rose as USMCA deal bets trimmed pessimism over last week’s dismal jobs report. This is as the Australian Dollar declined alongside the S&P 500 later in the day.

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UK General Election Preview: Everything You Need to Know

The UK election is expected to generate significant volatility for GBP/USD. As it stands, polls suggest a Conservative majority, which is expected to push GBP/USD higher.

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Bitcoin Price Forecast: Bulls Retreat as BTCUSD Threatens Breakdown

Bitcoin has continued higher after its brief stint beneath support, creating a series of higher lows that could suggest BTC is headed higher in the near term. Still, the broader outlook is concerning.

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Canadian Dollar Outlook: USD/CAD Bears Emerge, but Can they Drive?

The Dollar has pared a portion of the post-NFP rally against Loonie with price holding downtrend resistance. Here are the levels that matter on the USD/CAD weekly chart.

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US Dollar Returns to Resistance Ahead of CPI, FOMC

It could be a big week for the US Dollar with both CPI and FOMC on the radar. But will USD-bears be able to continue driving?

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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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GBP/USD Calm Before the Storm, EUR/USD Eyes Resistance - US Market Open

GBP/USD benefits from weekend opinion polls on election week. Euro becoming an attractive funding currency.

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Gold Price Holds Key Support Ahead of a Big Week for Global Markets

Gold prices softened with the Friday rally in the US Dollar; but the US currency will remain on center-stage this week around FOMC and CPI.

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EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility

There are a few, high-profile and high-potential themes meeting critical events or deadlines over the coming week. With events like the Fed and ECB rate decision as well as time tables for a UK ele...

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British Pound Rallies as Boris Johnson Remains in Poll Place - Webinar

It is starting to look likely that UK PM Boris Johnson will not only remain in No.10 but will also hold a working majority in the Houses of Parliament.

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Sterling (GBP) Analysis - GBP/USD Rally Continues on Latest Poll Boost

The latest UK opinion polls continue to show the Conservative Party gaining a working majority at Thursday’s election, pushing Sterling ever higher.

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Weekly Euro Forecast: December ECB Meeting Caps Off Quiet Year

Rates markets expect ECB interest rate policy to remain stagnant for several months. Overall, 2019 was a year to forget, producing the tightest six-month trading range in EUR/USD history.

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Euro, USD May Fall if Trade Wars Inspire ECB, Fed Rate Cuts

The Euro and US Dollar may fall if escalating US-China and EU-US trade war risks inflame ECB and Fed rate cut bets beyond this week’s rate decisions from both central banks.

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Crude Oil Prices May Retreat Before FOMC, UK Election

Crude oil prices may pull back after hitting a seven-week high as markets position for the FOMC rate decision and the UK general election.

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Gold Price Continues to Test for Support Ahead of FOMC Meeting

The price of gold may continue to test for support ahead of the FOMC meeting as the US Non-Farm Payrolls (NFP) report encourages traders to boost their appetite for risk.

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US Dollar Outlook Bullish on SGD, PHP, MYR, INR. Trade Wars Heat Up

After a dismal week for the US Dollar, SGD, PHP, IDR and MYR turn their focus to the Federal Reserve. USD/PHP is also awaiting the BSP rate decision as USD/INR eyes Indian CPI data.

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British Pound, USD, NOK May Rise on FOMC, ECB and UK Election

The US Dollar may rise on the FOMC rate decision, while the British Pound, Swedish Krona and Norwegian Krone may gain on the UK election and ECB outlook.

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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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AUD/USD Traders Eye FOMC Meeting, US-China Trade News

Developments coming out of the US may drag on AUD/USD as the Trump administration struggles to reach a trade deal with China, Australia’s largest trading partner.

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Canadian Dollar, BoC Outlook Jawboned by Jobs Data. Yen May Fall

The US Dollar rose versus the Canadian Dollar as both currencies received starkly contrasting jobs data. USD/CAD saw its largest daily gain since October. Ahead, the Yen may weaken.

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EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility

There are a few, high-profile and high-potential themes meeting critical events or deadlines over the coming week. With events like the Fed and ECB rate decision as well as time tables for a UK ele...

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EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility

There are a few, high-profile and high-potential themes meeting critical events or deadlines over the coming week. With events like the Fed and ECB rate decision as well as time tables for a UK ele...

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Nasdaq 100, DAX 30, CAC 40 Forecasts Look to the Fed and Trade Wars

After a brief stint of volatility, the S&P 500, DAX 30 and CAC 40 rounded out last week with a strong showing, but impending trade deadlines threaten to derail risk appetite.

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Sterling (GBP) Weekly Forecast: British Pound Driving Higher into General Election Week

The latest UK General Election opinion polls continue to show the Conservative Party holding a strong lead over Labour and point to Boris Johnson winning a working majority in Parliament.

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Gold Price Outlook May Brighten on Wary Fed, Close UK Vote

Gold prices may rise if a cautious tone from the Federal Reserve and a close outcome to the UK general election spook financial markets, driving bond yields lower.

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US Dollar Outlook Bullish Ahead of FOMC, Retail Sales, CPI

The US Dollar may rise if the FOMC re-affirms its data-dependent approach and cools 2020 rate cut bets. US retail sales and CPI data may also give the Fed impetus to hold rates.

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Oil Price Outlook Hinges on US Trade Policy Following OPEC Meeting

The price of oil extends the advance from the October low as OPEC and its allies pledge to take additional steps to balance the energy market.

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Australian Dollar Faces Global Risks: US-China Trade, UK Vote, Fed

The Australian Dollar was focused on its home country in the past week, but that is likely to change sharply in the days ahead with major global risk events coming up.

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US Dollar Outlook: Fed Meeting in Focus as Tariff Deadline Looms

US Dollar outlook hinges on guidance from the Fed and President Trump’s decision on whether or not to move forward with levying the Dec 15 tariff tranche on Chinese imports.

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Stock Market December Forecast: Trade War Headlines to Stoke Volatility

The stock market outlook for December is highly contingent on trade war developments, but history suggests the month is no stranger to volatility regardless of the event risk at hand.

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Consumer Sentiment Beat Adds to NFP Enthusiasm in Markets

The University of Michigan consumer sentiment report printed 99.2 for December and beat expectations of 97.0 which exacerbated market enthusiasm sparked by this morning's stellar NFP report.

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US Dollar After NFP: GBP/USD, USD/CAD Testing Key Chart Levels

This morning's blowout NFP report squeezed USD bears. Is this but a blip in a bearish radar or the start of a whole new trend?

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Canadian Dollar Crushed on Weak Employment Data - USD/CAD Soars

Canadian Dollar drops on the back of weaker than expected jobs data, in which the employment change fell 71.2k vs. Exp. 10k increase, while the unemployment rate rose to 5.9%

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US Dollar Soars as Firm Jobs Report Underscores Less Dovish Fed

The US Dollar is ripping higher after November change nonfarm payrolls crossed the wires at 266K which crushed the median consensus of 180K.

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US Dollar, NZD/USD, AUD/JPY & More: Charts for Next Week

In today's session, we discussed the outlook for the US Dollar and several currency pairs including, but not limited to, Kiwi and Aussie-Yen.

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EUR/USD: US Dollar Volatility Elevated Around Nonfarm Payrolls

Forex traders should expect volatility in the US Dollar considering the average range in spot EUR/USD prices is 9x greater on days when nonfarm payrolls (NFP) data is released compared to any other...

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Sterling - GBP/USD Rally Simmers at Multi-Month High, US Non-Farm Payrolls Ahead

The recent rally in GBP/USD, driven by Sterling strength and US dollar weakness, is now on hold but further movement may be on the cards later today with the release of the latest US non-farm payro...

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US Dollar Outlook Bullish on Jobs Data Despite Trade War Risks

The US Dollar may rise if a cascade of employment statistics shows strong job creation and cools the urgency for 2020 Fed rate cuts in spite of mounting US-China trade tensions

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Crude Oil Prces Slip as Markets Look To OPEC+, US Payrolls Data

Crude oil prices edged back a little as OPEC agreed to more production cuts and the market awaited ratification. Gold was steady as US labor numbers approached.

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US Dollar Outlook: USD/INR Rate May Gain After RBI Shocked Markets

The Indian Rupee soared after the Reserve Bank of India surprised with a rate hold. USD/INR may climb as support reinstates the uptrend ahead of Indian CPI and global trade tensions.

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British Pound Outlook Bullish Ahead of BBC Debate, UK Election

The British Pound may rise following the BBC debate between Prime Minister Boris Johnson and Leader of the Opposition Jeremy Corbyn ahead of the UK election on December 12.

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USD/CAD Rate Forecast: Monthly Opening Range Warns of Further Losses

The monthly opening range casts a bearish outlook for USD/CAD as the exchange rate snaps the range-bound price action from the last week of November.

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US Dollar Drop Eyes Support as the Euro and British Pound Rise

The US Dollar eyes its worst week since October as the Euro and British Pound rose. Treasury bills saw their lowest yield since 2018, likely reflecting US-China trade deal skepticism.

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US Dollar Volatility Due to Rise with Jobs Data & Fed on Deck

The US Dollar has succumbed to an influx of risk appetite driven by hopes for a partial US-China trade deal, but another robust nonfarm payrolls (NFP) report could send the Greenback higher.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Test Key Resistance

The Australian Dollar has climbed versus the US Dollar and Japanese Yen in the last few months, despite waning risk appetite, so are the rebounds overdone or just beginning?

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Pre-NFP Price Action Setups Across the US Dollar

USD bears have continued to push through December and tomorrow brings NFP's.

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Global Rate Cut Cycle Looks Finished for Now - Central Bank Watch

Most major central banks won’t meet again until mid-January or early-February. For those with meetings remaining in 2020, no rate moves are expected.

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Oil Price Outlook: Crude Rips into Resistance – WTI Trade Levels

Oil prices have rallied more than 6% into the December open with crude now testing major weekly resistance. Here are the levels that matter on the WTI weekly chart.

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US Dollar Forecast: Major Topping Potential in Play? Key Levels for DXY Index

The US Dollar has continued to slide during the first week of December, bringing into focus a potentially major technical breakdown.

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Market Volatility: The Impact of Volatility in Major Financial Markets

Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.

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AUD/USD Down Under, Crude Oil Prices Choppy on OPEC - US Market Open

Volatile session thus far for crude oil futures as markets await OPEC’s decision, while AUD/USD is down under yet again on weak data.

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Canadian Dollar Surges post-BoC, USD/CAD Breaks Down: CAD Outlook

USD/CAD was previously resistance to USD-weakness. That changed around yesterday's BoC rate decision, and CAD bulls have returned with a vengeance.

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Crude Oil Volatility Soars amid OPEC Risk, Investors Bet on Oil Price Breakout

Crude oil volatility rises as OPEC ministers convene for their bi-annual meeting. Eyes on for deeper oil cuts to ease concerns over a 2020 supply glut.

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Brexit Briefing: Likely Timetable if Conservatives Win UK General Election

The recent strength of GBP/USD suggests Sterling has now priced in a UK election victory for the ruling Conservatives; here’s the outlook for the Pound and a possible post-election Brexit timetable.

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Euro Outlook Clouded Amid Regional Slowdown, EU-US Trade War

The Euro may fall if Eurozone jobs and GDP data reinforce the urgency for ECB liquidity provisions as regional growth continues to struggle amid intensifying EU-US trade tensions.

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Crude Oil Prices Hold Gains As Market Looks To OPEC, Aramco IPO

Crude oil prices gained in the US on news of a large, unexpected inventory drawdown but the market has bigger things to concentrate on as OPEC+ meets and the Aramco IPO is priced.

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Post-RBA AUD/USD Rebound Vulnerable to Waning Hopes for US-China Deal

The recent rebound in AUD/USD may prove to be short lived amid waning hopes for a US-China trade deal.

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NZD/USD Uptrend Extends on RBNZ Capital Review, USD/JPY May Rise

The New Zealand Dollar uptrend may extend after the RBNZ outlined raising bank capital buffers. Ahead, the anti-risk Japanese Yen may sink if Asia stocks follow the S&P 500 higher.

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US Dollar Outlook Fixated on Trade, Jobs Report & Fed Decision

US Dollar outlook turns to upcoming economic data like consumer sentiment and nonfarm payrolls ahead of next week’s FOMC rate decision - USD implied volatility & trading ranges.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Test Key Resistance

The Australian Dollar has climbed versus the US Dollar and Japanese Yen in the last few months, despite waning risk appetite, so are the rebounds overdone or just beginning?

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

The Nasdaq 100 employed support from a trendline dating to January 2018 on Tuesday, but with trade sentiment shifting, secondary support may be required.

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British Pound Breakout: GBP/USD Drives Above 1.3000, Six-Month-Highs

The British Pound has broken out in a big way, and pushed beyond a key zone of resistance on the chart as Cable bulls continue to run.

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US Dollar Index Rises Despite Weak ISM Services Figure

The US Dollar Index gained ground after a weaker than expected read on the services side of the US Economy.

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Canadian Dollar Surges as BOC Holds Rates - Next Levels for USD/CAD

USD/CAD rates have broken their uptrend from the October low, suggesting that the broader range in place since early-July will remain intact.

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GBP/USD Spikes, AUD/USD Dips on GDP, US Dollar Selling Resumes - US Market Open

The notable mover has been the Pound, rising to a fresh multi-month high of 1.3100. RBA concerns to rise on soft GDP report. USD drops on weak ADP.

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

Sellers have come back into the US Dollar around the December open, begging the question as to whether the October sell-off has more room to run.

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EUR/GBP Slumps - Markets Price In a Conservative Majority

EUR/GBP is within a whisker of setting a new nine-month low and looks set to test an old horizontal support level made back in April 2017.

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Canadian Dollar Technical Analysis Overview: USD/CAD Eyes Key Support

Bank of Canada to dictate near term outlook for USDCAD, while CADJPY tests key support.

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EUR/USD Forecast - Setting Up a Range Break Ahead of US ISM Data Release

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.

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Brexit Briefing: Trump Backs Brexit at NATO Meeting in UK

US President Donald Trump has reiterated his support for the UK leaving the EU at a meeting of the NATO defense organization; GBP/USD tops 1.30 resistance.

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Euro Outlook Shaky on Upcoming PMI Data, Renewed Trade Risks

The Euro may fall against its major counterparts if local PMI data and escalating EU-US trade tensions fuel the urgency for ECB rate cuts. This may also cause EUR/USD to trim its recent gains.

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Crude Oil Prices Up Despite New Trade Woes, Stock Data Eyed

Crude oil prices were well supported by a surprise US inventory build and expectations of longer, deeper production cuts, despite generally weaker risk appetite.

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Gold Price Eyes November High with US on Track to Raise China Tariffs

The price of gold appears to be on track to test the November high ($1516) as the Trump administration plans to implement additional tariffs on Chinese goods.

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AUD/USD and NZD/USD Outlook Bearish on Positioning Signals

The US Dollar may regain its strength against the Australian and New Zealand Dollars. Trader positioning signals warn that AUD/USD and NZD/USD could soon begin turning lower.

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Stocks Drop in Hong Kong as Trade War Trumps Upbeat PMI Data

Stocks in Hong Kong look set to resume a six-month downtrend as trade war escalation sours the markets’ mood, overshadowing upbeat Chinese PMI data.

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Crude Oil Price and NOK Outlook Bearish on OPEC, Trade Wars

Crude oil prices may suffer with the Swedish Krona and petroleum-linked Norwegian Krone if cross-continental trade tensions escalate ahead of the OPEC meeting in Vienna.

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USD/CAD Rate Fails to Test October High Again Ahead of BoC Meeting

The failed attempts to test the October high (1.3348) may generate a near-term correction in USD/CAD as the exchange rate tracks the price action from the third quarter.

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Australian Dollar Stumbles As 3Q GDP Growth Just Misses Forecasts

The perky Australian Dollar took a small knock after official growth figures which saw quarterly growth just below market hopes. Annualized gains were on target however.

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US Dollar Sinks as Global Trade War Woes May Fuel Yen Price Ahead

The US Dollar declined as global trade war woes fueled 2020 Fed easing bets, ahead the anti-risk Japanese Yen may gain as the Australian Dollar sinks on local GDP data.

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Dow Jones, S&P 500 Plummet as VIX Explodes on Trade War Worries

The Dow Jones and S&P 500 sank on Monday and Tuesday following an explosion in the VIX on the back of a breakdown in the US-China trade war.

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DAX 30, CAC 40, FTSE 100 Outlooks Cling to Support as Bears Emerge

A deterioration in the US-China trade war has sparked an adverse reaction in the major European stock indices as each forfeited a month’s worth of gains in just three days.

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Euro Price Outlook: EUR/USD Surges Towards Fibonacci Resistance

Euro has surged nearly 1% off the November lows with the rally now targeting initial resistance hurdles. Here are the levels that matter on the EUR/USD weekly chart.

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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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British Pound Back to the Big Figure 1.3000: GBP/USD Price Outlook

GBP/USD is in the process of trying to break-out to fresh six-month-highs, testing above the critical psychological level of 1.3000.

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Positive Market Sentiment Drains Away | Webinar

Comments by President Donald Trump that a US-China trade deal may have to wait until after the US Presidential Election in November 2020 have dented trader sentiment.

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