The Paris-based OECD inter-governmental think tank argues that the global economy is slowing and will likely be weaker in nearly all G20 countries than previously expected.
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Wednesday, 6 March 2019
Gold Price Sell-Off Slows Ahead of US Data Releases
Gold has dropped around $60/oz. in the past two weeks as the US dollar, and a risk-on theme pushed the precious metal to six-week low. The US dollar remains strong, but Gold may be oversold.
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Downward Pressure on AUD May Persist After Disappointing GDP Data
From both technical and fundamental perspectives, the recent decline in AUDUSD looks set to continue as chances rise of an Australian interest-rate cut.
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Sterling (GBP) Price, Brexit News and Pivot Points Analysis
The British Pound remains rangebound as Brexit talks continue but Sterling’s implied volatility highlights price risks for the week ahead.
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Yen and US Dollar May Rise Further on OECD Outlook, BOC Rate Call
The Japanese Yen and US Dollar may continue to rise as an OECD forecast update and BOC policy decision stoke global slowdown fears and sour market sentiment.
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DAX 30 & CAC 40 Charts – Big-picture Price Pattern Remains Threat to Rally
The short-term outlook from a risk/reward perspective isn't very appealing on either side of the tape for the DAX and CAC, today we'll look at a couple of signposts to watch.
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Crude Oil Prices May Fall as OECD, BOC Feed Global Slowdown Fears
Crude oil prices may fall as an OECD economic outlook update and a Bank of Canada policy announcement stoke concerns about global economic slowdown.
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Tuesday, 5 March 2019
Asian Stocks Mixed, Traders On Watch For US/China Trade Headlines
Many Asian stocks managed gains Wednesday with trade optimism still trumping gloomy local economic data out of Australia and China.
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US Dollar Launches Bold Push Against SGD, MYR, IDR and PHP Prices
The US Dollar launched an aggressive push against various ASEAN currencies. USD/SGD cleared well-defined resistance, reversal patterns in USD/MYR and USD/IDR closer to confirmation.
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Japanese Yen Technical Analysis: USDJPY Bulls Must Top 112.00
The Japanese Yen has been struggling against the US Dollar for much of 2019, and will probably continue to do so. The bulls’ next hurdle is proving troublesome, however.
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USD Extends Rally, AUD/USD May Rise on GDP as Asia Stocks Wobble
The US Dollar extended gains on upbeat ISM non-manufacturing data. AUD/USD may rise on a better 4Q GDP report. Market mood during Asia’s trading session could be pessimistic.
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Can Australian GDP Break AUD/JPY Congestion?
AUD/JPY has been range bound since January, but upcoming Australian GDP data could help break the congestion.
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S&P 500 and Risk Keep Fragile Hold as Growth Updates Come In
Trade wars may be easing, but fears over growth are rising. Risk trends are tuned into the cross winds with the S&P 500 dangling after its technical breach. Ahead, we have OECD growth forecasts and the BOC decision.
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AUD/USD Rate Vulnerable to Slowing Australia GDP
Australia’s Gross Domestic Product (GDP) report may produce a bearish reaction in AUD/USD as the growth rate is expected to slow to 2.6% from 2.8% in 3Q 2018.
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USDCAD 1-Week Implied Volatility at Highest Level Since January
Canadian Dollar forex traders are expecting heightened price volatility ahead of the Bank of Canada's upcoming interest rate decision.
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EUR/USD Rate Forecast: Bearish Series Brings 2019 & 2018 Low on Radar
EUR/USD may continue to consolidate ahead of the ECB meeting, with the 2018 & 2019 low on the radar as the exchange rate carves a string of lower highs & lows.
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FX Price Action Setups in EURUSD, USDJPY and USDCAD
EURUSD is testing range support as US Dollar bulls have come screaming back after last Thursday's GDP report and this morning's ISM numbers.
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Dow Jones Pressured by Export-Sensitive Sectors on China GDP
The five largest export sectors to China may see their underlying shares weigh on the broader market as China lowered growth forecasts.
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S&P 500 : Traders Net-Short Continue to Increase
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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