Sunday, 2 December 2018

Crude Oil Prices Gap, Rise. Russia, Saudi Arabia Eye Output Cuts

Crude Oil prices gapped higher and extended gains after news of Russia and Saudi Arabia’s plan to cut oil production in 2019 crossed the wires over the weekend at the G20 Summit.


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G20 Drives Australian Dollar Trade Despite Plentiful Local Data

The Australian Dollar market remained focused on the trade thaw negotiated between China and the US, to the clear exclusion of Monday’s regional data


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Risk Assets Cheer G20 Trade Ceasefire But Need Lasting Trade Peace

Equity markets and growth currencies like the Australian Dollar look set to gain on the good news from Argentina, but the trade truce between China and the US is only a start


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Equities, AUD Set to Gap Higher On US-China Trade Truce at G-20

The Australian Dollar rallied against the greenback on news that the US and China reached a trade agreement at the G-20 summit, with stocks following suit.


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Stocks, FX Eye G20 US China Trade Talks. Deep Volatility May Come

December trading may begin with intense volatility if hopes of a G20 US China trade resolution shatter, igniting risk aversion. Otherwise, AUD, NZD and stocks could gain as USD falls.


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Gold Forecast: Bulls and Bears Continue to Tussle - Key Levels

The recent sharp drop in energy prices undermines a key appeal of Gold in the near-term.


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Euro Forecast: After G20 Summit, Attention Returns to Italy’s Budget

With only one ‘high’ rated event on the economic calendar this week, attention will be mainly centered around developments in the Italian debt crisis.


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Weekly Fundamental Forecast: Markets Start a New Month with G20, Brexit, Euro-Area Stability and Fed Policy All Under Scrutiny

Though the capital and forex markets generally held back from systemic trends this past month, volatility was practically overflowing through the period. The typical ‘quiet December’ assumption will be put to the test against a laundry list of critical, unresolved fundamental threats. Traders should not be complacent.


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Weekly Technical Forecast: EURUSD and Equities Held Off Critical Breaks in November, Will they Manage the Same in December?

November has come to a close and many benchmark assets have ended the period staving off critical technical breaks. The Dow held an increasingly overt 2018 support now around 24,000 while EURUSD has maintained 1.1200 as a floor. Will this restriction on progress – both the critical break and the commanding reversal – continue into December?


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S&P 500, DAX, Nikkei Eye G-20 Aftermath. FTSE Awaits Brexit Vote

The ramifications from the G-20 Summit in Argentina will dominate headlines in the coming days as speculators digest the longer-lasting impacts of discussion.


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EUR/USD Weekly Technical Forecast: Euro Price Action Contraction

The Euro has been an indecisive animal and that looks set to continue as a triangle pattern looks to be in the works before making a move (likely down…).


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Saturday, 1 December 2018

Gold Forecast: Dovish Fed and US-China Deal Needed for Topside Breakout

Another narrow trading range for the yellow metal ($1210-1228) with prices closing lower by 0.3%. Gold watchers will be placing a keen eye on the outcome of the G20 summit.


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US Dollar May Rise on Economic Data Flow, Powell Testimony

The US Dollar may rise as incoming economic data and clarifying remarks from Chair Powell revive bets on a robust interest rate hike cycle in 2019.


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USD/JPY Rate Vulnerable to Less-Hawkish Fed Testimony

USD/JPY may consolidate ahead of the last Federal Reserve meeting for 2018 as the exchange rate preserves the range-bound price action from November.


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GBP: Current Brexit Deal Won’t Pass Through UK Parliament

UK PM Theresa May continues to push her Brexit deal as the only viable option but the voting numbers don’t add up and that leaves Sterling increasingly vulnerable.


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US Equities Rebound but Defensive, Low-Risk Funds see Robust Inflows

Many broad-index tracking exchange traded funds saw robust inflows ahead of the G20 summit this week. Elsewhere, defensive ETFs notched gains as some investors look to escape volatility.


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Dollar Feigns Confidence but Depends on Liquidity to Save Its Bull Trend

The Dollar has maintained its general bullish bias of the past 10 months, but progress has been fraught with indecision. Course setting and perhaps even full trend may now ride on the level of liquidity and volatility in the markets through December.


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CAD Bracing for Volatility: BoC Hold, Jobs Report, OPEC Oil Cuts?

The Canadian Dollar is bracing for volatility as it has the BoC rate decision, November’s domestic jobs report and an OPEC meeting for near-term risks that carry long-term implications.


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Price Action Muted for USDCAD Until Next Decisive Move

The USDCAD currency pair experienced a steady ascent since early October but fading technical indicators may jeopardize the bullish uptrend.


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Crude Books Worst Month in 10yrs, Outlook Turns Dour Pre-OPEC, G20

Ouch. A massive reversal in the crude market has shifted the global outlook, and ripple effects are being felt the Vienna OPEC meeting seen as last hope to salvage 2018.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...