Forex Volatility Expected in British Pound and Canadian Dollar

GBPUSD overnight implied volatility pushes extremes amid the latest Brexit uncertainty while USDCAD forex option traders also anticipate heightened price action ahead of Canadian GDP.


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USDMXN Slumps After Banxico Announces Unchanged Overnight Rate

The central bank of Mexico decided to keep the overnight rate as is which may have been based on waning inflation in the Mexican economy.


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USDJPY: Price Trend May Soon Reverse

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.


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Gold: 76.9% of Traders Are Net-Long

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


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S&P 500 Outlook: Index Set to Post Best Quarterly Return in Nearly 10 Years

The S&P 500 will look to deliver its best quarterly performance in nearly a decade on Friday, returning roughly 12% as quarter-end window dressing may present an interesting opportunity in USDJPY.


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Q2 Price Action Themes in US Dollar, Euro, Gold and Oil

It’s been a busy month in the US Dollar, but the ascending triangle formation that’s been building for the past few months remains as the door opens into Q2 trade.


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Top 5 FX Events: January Canadian GDP & USDCAD Price Outlook

With Crude Oil prices rising by 18.5% in January, there was likely a positive impact on Canadian growth.


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Canadian Dollar Price Outlook: USD/CAD- Break or Bend, Monthly Highs

Loonie is virtually unchanged on the week with price posting well-defined opening-range just below resistance. Here are the levels that matter on the USD/CAD charts.


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Crude Oil Prices Plunge After Trump Tweet Bashes OPEC Supply Cuts

President Trump took his latest jab at OPEC and the oil cartel's supply cuts which sent crude plunging nearly 1 percent as the US President stated the importance of OPEC increasing the flow of oil.


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USD/JPY Rate Outlook Mired by Inverting Yield Curve, Wait-and-See Fed

Developments coming out of the U.S. may continue to impact the near-term outlook for USD/JPY amid the inversion in the Treasury yield curve.


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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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