The Swedish Krona and Norwegian Krone may be impacted by key US economic data, the ECB publication of the March meeting minutes and Brexit-related developments.
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Sunday, 31 March 2019
ASEAN FX Vulnerable to Haven-Linked USD, US-China Trade Talks Eyed
The US Dollar rose against its ASEAN counterparts. The Greenback’s status as a safe haven may prove difficult for IDR, PHP to overcome. Markets eye next phase of US-China trade talks.
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Japanese Yen Weaker, China PMI Lifts Risk Appetite
The Japanese Yen ticked lower following another disappointing Tankan sentiment roundup. China’s weekend PMI snapshot was a bit less gloomy but huge demand question marks remain
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USD/CAD Fell to Support on GDP. Asia Stocks May Rise as Yen Drops
USD/CAD dropped to support on rosy GDP data, the British Pound fell after May’s Brexit deal failed to pass through Parliament, delaying the divorce. Asia stocks may rise as Yen sinks.
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Weekly Technical Forecast: S&P 500 and Oil Show Contrast Between Past Quarter and Next Week
We have brought to a close a week, the month of March and the first quarter of 2019. The performance registered between these time frames seems to look more remarkable the higher larger the lookback. While the S&P 500 and crude oil for example may have posted their best quarters in a year, recent price action looks far less vigorous.
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Weekly Fundamental Forecast: Recession and Brexit Worries face QE and Trade Talk Hopes
Risk trends still have the fundamental winds to their back, and speculatively-dependent assets such as equities and commodities have benefited. Yet, the balance of power and themes into the second quarter looks far less convincing than how markets have performed. Trying to untangle trade wars and unequipped central banks ramping up stimulus doesn’t balance against fear of recession and events like Brexit.
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Saturday, 30 March 2019
Weekly Equity Outlook: Dow Jones Eyes Breakout, FTSE 100 in Brexit Limbo
The Dow Jones and FTSE 100 posted impressive gains over the final week of the first quarter, but where are the US and UK equity markets heading next?
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Dow Jones, FTSE 100, DAX 30 and ASX 200 Fundamental Forecast
The Dow Jones will look to a slew of economic data out of the United States while the FTSE and DAX await Brexit clarification. Elsewhere, the ASX 200 awaits a rate decision from the RBA.
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Euro Weekly Forecast: New Month, Quarter Bring EZ Inflation, Brexit Latest, US NFPs
The start of the second quarter and the first week of April bring about the typical smattering of ‘high’ rated events, including the RBA meeting.
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Euro Weekly Technical Forecast: Breakdown Potential for Q2
EURUSD has spent five months in a range through a number of Euro-drivers. But with overbought retail sentiment and bears persisting, might a break be in store for Q2?
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Gold Price Outlook Bearish in Long Run, Eying Support in Near Term
Gold prices concluded another month lower as a bearish reversal pattern formed, hinting of a top in the long-run. For now, the precious metal faces critical support that may hold.
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Gold Price Outlook Bearish as USD May Rise on Soft Econ Data, RBA
Gold prices could be weighed down if the US Dollar rises in risk aversion on soft economic data. Other hazards for the precious metal include a more dovish RBA and Brexit updates.
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US Dollar Weekly Technical Outlook: USD Starting to Look Exhausted
The recent batch of poor US data prints have been brushed aside by a resurgent US dollar in the past few days, but the recent push higher looks like it is running out of steam.
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US Dollar May Rise as Sentiment Succumbs to Potent Headwinds
The US Dollar may rise, spurned on by haven-seeking capital flows as risk appetite finally succumbs to a broad assortment of potent headwinds.
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Friday, 29 March 2019
Sterling Weekly Technical Outlook: No Brexit Deal- Pound Losses Mount
Sterling is set to close just above upslope support as a breakdown in Brexit negotiations weigh on price. These are the levels that matter on the GBP/USD weekly chart.
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GBP/USD Rate Threatens Bull Trend Ahead of Brexit Deadline
The British Pound may face a more bearish fate ahead of the Brexit deadline in April as the GBP/USD exchange rate threatens the upward trend from late last year.
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S&P 500 Ends Quarter Strong, Pound Hit on Brexit Again, Dollar Reaps
The quarter closed with some modest sense of enthusiasm. The S&P 500 and crude oil prices closed out their best quarters in a decade, but more recent price action is uneven and cautious. That is an accurate reflection of our market’s general settings.
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Crude Oil Prices Edge to 5-Month High, Doesn’t Feel Like a ’Breakout’
US crude oil prices closed out this past week with a sense of progress that varies according to what time frame you evaluate. While the quarter (Q1) was extraordinary, the carry over into next week alone looks more tepid.
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Crude Oil May Be Overextended, But Watch Out For Trade Headlines
Crude oil prices remain supported by supply cuts and trade deal hopes even as the economic data have proven disappointing. That support could wane a little this week
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S&P 500: Best Q1 Since 1998 Despite ETF Outflows
The S&P 500 boasted its highest return for a first quarter since 1998. Still, capital movement from the index’s largest exchange traded funds revealed outflows for the quarter.
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