USDMXN: Banxico GDP Cut Overlooked as US Trade Balance Eyed

The Mexican Peso gained against the US Dollar on Wednesday despite Mexico's central bank slashing 2019 GDP forecasts as currency markets await US Advanced Goods Trade Balance data tomorrow.


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Stock Market Outlook: Dow Jones and S&P 500 Selling Gains Pace

The Dow Jones and S&P 500 faced considerable selling pressure in Wednesday trading, sending the indices beneath critical support levels.


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Gold & US Dollar Threaten Breakout as Rate Volatility Spikes

Implied volatility across asset classes is climbing higher amid rising global risks which could foreshadow substantial price moves in gold and the US Dollar.


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Trade Wars and Tariffs Have Put the US Auto Industry in Peril

With the US auto industry cutting jobs at the quickest pace since the Great Financial Crisis, USMCA uncertainty and a prolonged US-China trade war will only continue weigh on the sector.


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USDCAD Bullish Range Breakout Eye as Crude Oil Prices Hit Monthly Low

The Canadian Dollar is under pressure after the Bank of Canada’s May policy meeting, while oil prices have been hit by global growth concerns.


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Gold Price Outlook: Breakout Potential as Consolidation Continues

Gold prices remain relatively subdued despite big moves showing in both US equities and Treasuries; which keeps the door open for breakout potential.


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USDJPY: Net-Short Positions Decreased by 9.1% from Last Week

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


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GBPUSD: 79.2% of Traders are Net-Long Suggesting Continued Depreciation of Sterling against the Dollar

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


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EURUSD: Net-Short Positions Decreased by 1.9% from Last Week

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


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Canadian Dollar (CAD) Price Slips as BoC Leaves Interest Rates Unchanged

USDCAD rallies to near six-month high after the central bank left its benchmark interest rate unchanged at 1.75% with the accompanying release highlighting a mildly dovish overtone.


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Italian Stock Market Suffers as Italy-EU Debt Row Worsens, Bonds Stabilize

A growing argument between the European Commission and the Italian Government over Italy’s public-sector debt is hitting Italian stocks while leaving its Government bonds largely unscathed.


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Japanese Yen & Swiss Franc Rise After China’s Trade Threat - US Market Open

Risk off trade dominating financial markets following China’s trade threat, while flight to quality flows see the Swiss Franc and Japanese Yen firm.


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Canadian Dollar Forecast: USD/CAD Eyeing a Rally off Consolidation Zone

Today’s closing price could indicate the next move for USD/CAD


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

USDCAD respecting range for now ahead of BoC, while CADJPY tests critical support as outlook remains weak.


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Dow Jones, Crude Oil, Gold Price Outlook & More

Stocks look poised to remain weak but could get volatile around big moving averages, crude oil also heavy, while gold continues to hold onto a key line of support.


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Crude Oil Price Outlook: Oil Drops as Brent Crude Breaks Below 200DMA

After posting the largest weekly drop in 2019, oil prices have extended on its losses amid the step up in trade war tensions sparking risk averse sentiment, resulting in Brent crude breaking its 200DMA


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Recession Fears Hit Stocks, Boost US Treasuries, Other Safe Havens

Concern that the ongoing US-China trade dispute is hitting economic growth worldwide is damaging risk appetite, boosting safe havens such as US Treasuries at the expense of stocks and oil.


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DAX 30 & CAC 40 Charts: Continued Weakness Looks Likely

The German benchmark is breaking trend support while the French index is triggering a head-and-shoulders pattern.


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EURUSD Price Outlook: Still Looking to Fall Further

The Euro remains weak against the US dollar, despite falling US Treasury yields, and EURUSD looks set to test the 1.1100 handle in the short-term, especially if upcoming US data beats expectations.


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EURUSD Rate Rebound Unravels Ahead of June ECB Meeting

EURUSD struggles to hold its ground ahead of the ECB meeting on June 6, with the Euro Dollar exchange rate carving a fresh series of lower highs and lows.


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