Sunday, 19 May 2019

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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US Dollar May Gain Versus SGD, PHP on Neutral Fed, Trade War Fears

The US Dollar may accelerate gains versus the Singapore Dollar on US-China trade war escalation fears. Neutral reiterance from the Fed risks extending USD/MYR and USD/PHP uptrends.


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Singapore Guns For London, NY In Forex Boost, Watch Its Progress

Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order.


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Crude Oil Price Rise on US-Iran Spat, OPEC Output Cuts May Fizzle

Crude oil price rose as US President Trump threatened Iran while OPEC mulled extending its output cut scheme, but a speech from Fed Chair Powell may see the move unravel.


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GBP Downtrend Losing Control on Cloudy Brexit Outlook, Yen May Gain

The GBP/USD downtrend eyes November lows on a more uncertain Brexit outlook. Reports that US-China trade talks stalled may boost the anti-risk Japanese Yen as the Nikkei 225 falters.


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Australian Dollar Up as Morrison Unexpectedly Triumphs in Election

The Australian Dollar rose against all its major currency counterparts after the incumbent Liberal party unexpectedly triumphed in its country’s federal election.


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Weekly Trading Forecast: Dollar and S&P 500 Still Within Range of Major Highs

Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through.


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Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends

While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue?


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Dow Jones, DAX 30 and FTSE 100 Technical Forecast

The Dow Jones, DAX 30 and FTSE 100 faced a week filled with volatility. As fundamental themes continue to simmer, technical levels will become all the more critical.


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S&P 500, DAX Fundamental Forecast

US/China continue to pressure equity markets, focus turns towards Fed Chair Powell. DAX finds relief from delay in EU auto import tariffs.


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Saturday, 18 May 2019

EURUSD Weekly Technical Outlook: Euro Weakness to Remain the Theme

The Euro is poised to trade down to last month’s low or lower in the days ahead as the Dollar looks to reassert itself, however; expect some bumps along the way…


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Euro Braces for Volatility Ahead of EU Elections, ECB Minutes

The Euro will likely experience its most volatile week year-to-date as the ECB and Fed release their meeting minutes and the EU undergoes the most consequential vote in its history.


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Gold Price Forecast: The Better Precious Metal Shows Its Mettle

Gold has continued to rally in non-US Dollar terms, and even against the price of Silver. While ultimate upside may be limited in USD terms, the environment continues to ripen for further XAU strength.


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Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes

Spot gold prices eye safe-haven bids in response to US China trade war risk, but XAUUSD could face headwinds if the May FOMC minutes due for release next week reveal a hawkish Fed.


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Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes

Spot gold prices eye safe-haven bids in response to US China trade war risk, but XAUUSD could face headwinds if the May FOMC minutes due for release next week reveal a hawkish Fed.


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Dollar Approaches Two-Year High as Major Crosses Grope for Traction

The US Dollar ended a remarkably strong week through this past Friday


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US Dollar to Rise as Fed Talks Down Rate Cuts Amid Market Turmoil

The US Dollar may rise as the Federal Reserve talks down prospects for near-term stimulus even as slowing growth and shaky politics rattle global financial markets.


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Friday, 17 May 2019

Crude Oil Price Forecast: Drifting Towards Technical Support

The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.


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Crude Oil Price Forecast: Drifting Towards Technical Support

The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.


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Crude Oil Price to Bypass OPEC Meeting for Trade Wars, Fed Minutes

Crude oil price gains on a delay in US auto tariffs may be short-lived. Oil may fall after the OPEC+ meeting on trade war fears, the FOMC minutes and bearish-contrarian price signals


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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...