Thursday, 28 March 2019

Central Bank Weekly: Has the Fed’s Dovish Shift Altered the Market’s Course?

The March Fed meeting’s effects are still being felt more than a week later.


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UK PM Offers Brexit Resignation, Gold, Oil and UST Yields Slip Lower - US Market Open

The UK Parliament failed to pass any of the eight Brexit options in the House last night, leaving Sterling traders scratching their heads. USD traders will try and reconcile a strong greenback against multi-month low US Treasury yields.


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EURUSD Drives Deeper into Support as Euro Weakness Remains post-FOMC

In a continued race to the bottom, EURUSD rallied after a dovish ECB rate decision and the US Dollar has rallied after a dovish FOMC rate decision.


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Top 5 FX Events: March German CPI & EUR/JPY Price Outlook

Inflation rates in the Eurozone’s largest economy appear to have stabilized in the near-term.


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Gold & Silver Price Charts Starting to Roll Over

Precious metals are starting to show signs of further weakening further from here, with silver as per usual leading the way on the downside.


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Top 5 FX Events: Final Q4’18 US GDP & USDJPY Price Outlook

Consensus forecasts call for Q4’18 US GDP to come in at 2.4% annualized.


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Gold Price and Yen to Benefit if Market Sentiment Deteriorates Further

Safe havens like gold, the Japanese Yen, US Treasuries and Bunds could prove attractive if confidence in the financial markets continues to ebb.


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GBPUSD Price Resilience Being Tested After Brexit Vote Shambles

The UK Parliament voted to take control of the Brexit process this week, in an effort to break the current deadlock, but at the first opportunity to do so, they went missing.


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Trading Outlook for AUDUSD (Bearish) and USDCAD (Bullish)

The trading bias for Aussie continues to be for more weakness, while USDCAD continues to hold up and look headed higher in the days to come.


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Aussie, New Zealand Dollars May Resume Drop If US GDP Underwhelms

The Australian and New Zealand Dollars may face renewed selling pressure while the anti-risk Yen gains if a disappointing US GDP revision stokes global slowdown fears.


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Wednesday, 27 March 2019

Gold, Crude Oil Prices May Fall on Disappointing US GDP Revision

Gold and crude oil prices may fall while the US Dollar attracts haven-seeking capital flows if a disappointing US GDP revision keeps investors in a downbeat mood.


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Asian Stocks Mostly Lower As Focus Returns To Shrinkng US Yields

Asia Pacific equity endured another mixed and scrappy session Wednesday, with global growth worries looming large. The US Dollar made small gains, with its New Zealand cousin hit again


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USD/MYR Outlook Bullish. USD/IDR, USD/PHP Inch Closer to Breakout

USD/MYR may be readying to turn higher on bullish technical warnings. Meanwhile, as USD/SGD sticks to consolidating, USD/IDR and USD/PHP are inching closer towards a breakout.


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Dow’s Sidling Up for a Break, Dollar Gains Despite Itself, Brexit Headline Chaos

Risk trends are biding time until the next critical break for risk trends is made. In the meantime, the Dollar is taking advantage of its ‘counterpart’ appeal and the Pound is simply lost in the unchecked troubles of Brexit.


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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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New Zealand Dollar Fades As ANZ Business Confidence Flops Again

The New Zealand Dollar was already on the defensive thanks to this week’s gloomy summing-up from it central bank. Weaker business confidence hit it further.


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Currency Volatility: Data Could Spark EURJPY Price Action

EURJPY forex traders could see the currency pair gyrate tomorrow in response to upcoming economic data releases. What key levels should you watch for?


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GBP Dives as UK Fails to Agree on Brexit Alternative. JPY May Rise

GBP/USD dived as the UK Parliament failed to reach a consensus for an alternative Brexit solution to Theresa May’s deal. The Yen may rise as Asia stocks follow Wall Street lower.


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Dow Jones Outlook: Index Awaits US GDP on Shaky Ground

The Dow Jones will await Thursday’s release of annualized GDP data as US indices stand on a shaky fundamental backdrop and industrials stumble under pressure.


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Oil Price Outlook: Crude Breakout Battles 60- WTI Trade Levels

Oil prices have stalled at four-month highs and leave the immediate rally vulnerable sub-60. Here are the targets & invalidation levels that matter on the WTI charts.


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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...