The USD is on the backfoot against its major counterparts, despite a stellar ADP employment, risk is on ISM Manufacturing. JPY surges across amid flash crash.
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Thursday, 3 January 2019
Waning ISM Manufacturing Survey to Fuel EUR/USD Rebound
Fresh updates to the ISM Manufacturing survey may fuel a larger rebound in EUR/USD as the index is expected to narrow to 57.8 from 59.3 in November.
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USD/JPY: Yen Melts Up, Snaps Back as Fear is in the Air to Start 2019
Risk aversion didn't wait around for long as big moves registered in the currency market on the first trading day of 2019.
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Apple Profit Warning Weighs on S&P 500 and Nasdaq, Exposed Stocks Plunge
Last night saw Apple provide its first revenue warning in over a decade, confirming the view that global growth is indeed slowing. Apple exposed stocks tumble.
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Gold Price Rise Accelerates as Global Market Sentiment Worsens
Gold is in demand as Apple’s lower sales forecast, the partial US Federal Government shutdown and the Chinese economic slowdown combine to increase flows into safe havens.
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Crude Oil Prices Relatively Stable Despite Concerns Over Global Economy
US and Brent crude oil prices are holding their ground, despite fears of a global economic slowdown, after a report that OPEC output fell in December by the most in nearly two years.
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US Dollar (USD) Has Room to Rally Further Ahead of US Payroll Data
The US dollar rally is not over yet with the daily chart throwing up a bullish technical signal.
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Sterling (GBP) Latest: GBPUSD, GBPJPY Rattled by One Bad Apple
The British Pound was rocked during a low liquidity Asian session that saw the Japanese Yen bid strongly as stop losses crumbled across a wide range of risk-on currencies.
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JPY Soars as "Flash Crash" Moves Spark Flight to Havens
The Japanese Yen surges against major pairs as global growth concerns and thin liquidity spark flash crash style price action.
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Wednesday, 2 January 2019
How Will the Swedish Krona and Norwegian Krone Perform in 2019?
The Nordic economies – specifically Sweden and Norway – are likely to experience a slowdown in economic activity in 2019, and their respective currencies may decline.
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Yen May Continue Higher as Apple Revenue Cut Roils Markets
The anti-risk Japanese Yen may continue to rise as global slowdown fears return to the forefront after Apple Inc announced a sharp downgrade in revenue figures.
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Asian Stocks Mostly Down On Apple Woes, US Futures In Wary Focus
Asia Pacific equity was under pressure from the off, while the Yen caught a risk-averse bid, as Apple’s China worries added to already long list of negatives
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As the Dollar Hits a Two-Year High, Assessing its Drive
Whatever drives the US Dollar will most likely dictate the course of the global financial system. From broad risk trends to global monetary policy to a lack of options, this currency can be a key barometer as much as a trade candidate.
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Crude Oil Prices May Drop From Trend Resistance in Risk-Off Trade
Crude oil prices may turn lower having tested resistance defining the down trend since October as sentiment sours across global financial markets.
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Nikkei 225 Technical Analysis: Chart Pennant Suggests Further Falls
The Nikkei 225 is at what could be key junctures on both its daily and monthly charts, and things won’t look good for the bulls if support gives way
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S&P 500, Yen and Dollar Offer Mixed Risk Picture to Start the Year
While the S&P 500 managed a recovery through active trade Wednesday, the official start of the new trading year came with much more uncertainty – including a Yen pairs flash crash – than most traders would be comfortable with.
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NZD/USD Technical Analysis: 2-Month Low Hit, Deeper Drop Expected
The New Zealand Dollar has dropped to a two-month low after topping below 0.70 as expected. Overall positioning hints a move below 0.66 is in the cards.
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Apple Cuts Revenue Forecast on US-China Trade War, USDJPY Crashes
Apple plummeted in after-hours trading after a significant revision to their quarterly revenue projections. The company said demand from China was a headline contributor.
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AUD/USD Rate Trades Below 0.7000 for First Time Since 2016
AUD/USD trades below 0.7000 for the first time since 2016, with the exchange rate at risk for further losses as it snaps the range-bound price action from last week.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...