Gold Prices at 3-Month Trend Resistance, Trade War News in Focus

Gold prices are testing trend resistance guiding them lower since February. Global trade war escalation risk is in focus at the start of the trading week.


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NOK, SEK May Feel Pain From EU Elections, Trade Talks, US GDP

The Norwegian Krone and Swedish Krona may suffer in the week ahead as European politics and trade talks unfold against the backdrop of slowing global growth trends.


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US China Trade War Worries Drive Asia Markets, Japan In Focus Too

Asian stock markets can look forward to a light week of economic data which will probably keep investor focus stuck firmly on trade, with progress elusive


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PHP Ready to Gain as USD Falls with Crude Oil? ASEAN FX Eye US Data

The US Dollar looks vulnerable, with the Philippine Peso ready to take full advantage amidst declines in crude oil prices. China PMI, US data and trade talks are on tap for ASEAN FX.


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USDJPY Rate Defends Monthly Low Despite Growing Bets for Fed Rate Cut

USD/JPY fails to clear the monthly-low (109.02), with the exchange rate at risk of facing range bound conditions going into the end of May.


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Euro Steady on European Election Results, But for How Long?

The Euro has remained steady so far as the results of the European Parliament elections come in, though the risks associated with a fractured legislature may just be lying dormant.


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Did AUDUSD Bottom? GBPUSD Wobbled as UK PM Resigned Amidst Brexit

AUD/USD may have bottomed after the US Dollar extended its weakness into a second day, GBP/USD wobbled as UK PM Theresa May resigned. Euro eyes EP Election results in thin trade.


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Weekly Technical Forecast: Dow Holds Back from Trend Reversal, Euro and Pound Pulsating

While volatility readings are still remarkably restrained, we are seeing a host of critical markets pressuring or overtaking key technical levels. Whether the Dow’s eyeing 25,200, the Sterling on the verge of reversing its longest tumble on record or looking to leverage its biggest single-day loss of 2019, there is remarkable technical risk and opportunity in our markets


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Weekly Trading Forecast: Trade Wars, Brexit and Risk Trends Threaten Volatility

We are awash in critical fundamental themes unfolding before our eyes. Trade wars is once again proving a loaded theme with severe implications for more than just USDCNH while recession fears and political fractures are creating concerns over the sense of stability in the global financial markets. Beware the volatility ahead.


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US Dollar Forecast: Can Volatility Rise Alongside Trade Weighted USD?

A sharp turn lower in the US Dollar may provide a short reprieve to the strangling of a strong US Dollar on the global economy, but the long-term trends continue to favor a stronger US Dollar Index.


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S&P 500, DAX 30 and FTSE 100 Fundamental Forecast

The S&P 500, DAX 30 and FTSE 100 fell under renewed pressure from the US-China trade war last week, but the week ahead could see investor concern shift to global growth.


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Oil Weekly Price Outlook: Crude Collapses as WTI Searches for Support

Crude prices posted an outside weekly reversal off the monthly highs and risk further losses into the May close. These are the levels that matter on the WTI weekly chart


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Euro Cringes Ahead of EU Trade Talks, European Election Results

The Euro may have a tumultuous week ahead after the European election results are announced along with candidates for key positions in EU institutions amid high-level trade talks.


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Pound Collapse Building Pressure for Reversal or Mere Liquidity Pause?

After a near-relentless dive from the British Pound these past three weeks, there was a break in the clouds Friday with a Sterling bounce on the same day the Prime Minister announced her resignation. Is this the first step for a reversal?


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Gold Prices May Rise if USD Sinks, US Data Fuels Fed Rate Cut Bets

Gold prices may capitalize on disappointing US data in the week ahead, but in the medium-term, the highly-liquid US Dollar may subdue XAU/USD gains on US-China trade war fears.


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Dow Jones, FTSE 100, DAX Technical Forecast

The Dow Jones is on course for its longest weekly losing streak in 8-years, while losses in the FTSE 100 is eased by the drop in the Pound.


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US Dollar May Hold Up Despite Swelling Fed Rate Cut Bets

The US Dollar may hold up and even make progress upward despite building Fed rate cut bets as the severity of risk aversion boosts the appeal of its unrivaled liquidity.


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S&P 500 Shapes Head-and-Shoulders Reversal, Pound Ends Tumble on May Resignation

The markets closed this past week with a critical relief just before a full bearish wave swept in. Liquidity will be a complication in the week ahead, but will pressing fundamental themes revive the pressure for a break?


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EUR/USD, EUR/NZD Chart Outlook Bearish with EUR./JPY Bottoming?

EUR/USD and EUR/NZD may find themselves aiming lower in the medium-term as the Euro depreciates. Against the Japanese Yen, EUR/JPY is facing key support and bullish reversal warnings.


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Oil Prices Set to Follow Global Growth Narrative Next Week

Oil price outlook for next week largely hinges on high-impact economic data and trade war rhetoric which look to set the tone for risk appetite and oil demand.


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