China’s Next Trade Weapon in the Ongoing US-China Trade War

Recent visits of the Chinese President to rare earths manufacturing plants seem to suggest that China is planning to use these materials as a bargaining chip against the US.


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Canadian Dollar Price Outlook: USD/CAD Breakout Stalls- Loonie Levels

A breaking out of a multi-week range in Loonie has taken price into confluence resistance near six-month highs. Here are the levels that matter on the USD/CAD charts.


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Gold Prices Continue to Coil as Range Breakout Lingers

Gold 1-month implied volatility hit a fresh all-time closing low yesterday, but Gold prices have stopped falling. A bullish sign for bullion?


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GBP/JPY Price Forecast: Bearish Momentum Showing Signs of Weakness

GBP/JPY Could correct higher with signes of sellers hesitation. Here are the important technical levels of support and reisistance the pair may likely to encounter in the coming days.


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CAD Outperforms, Turkish Lira Spikes Higher, Brazilian Real Drops as GDP Contracts - US Market Open

A relatively muted affair in the G10 FX space with the US Dollar index flat throughout the European morning. TRY jumps as tensions between the US and Turkey ease.


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US-German Yield Spread Falls, Potentially Benefiting EURUSD

Government bond yields are dropping as investors opt for the safety of Government debt on fears that the global economy is slowing, and a lower US-German spread could help the Euro vs the Dollar.


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EUR Technical Analysis Overview: EURUSD, EURGBP

EURUSD downtrend persists, 2019 lows in focus, while EURGBP bullish momentum eases following record win streak.


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Crude Oil Prices Edging Higher Towards Key Resistance Levels

Crude oil prices are heading slowly towards important “round number” resistance levels: $60 per barrel for US crude and $70 per barrel for Brent crude as US inventories drop by more than expected.


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ECB President Election – The Fate of the Euro Under Draghi’s Successor

The “horse trading” for the EU’s top jobs has started and Germany, Finland and France all have strong contenders in the race to become the ECB’s new president. Whilst all the candidates have ample experience in the industry, each one has differing wives on how to implement the Eurozone’s monetary policy.


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Gold Price Outlook in Favor of Sellers, Silver Leading the Way Lower

Precious metals remain vulnerable to more selling as gold flirts with an important trend-line break, silver sellers are already in control.


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Oil Prices Remain Battered as Monthly Opening Range Cracks

Recent developments raise the risk for a larger correction in crude as the price of oil fails to retain the monthly opening range for May.


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Gold Prices May Break Out as US GDP Data Shapes Fed Outlook

Gold prices are coiling up for a breakout, with a revised set of first-quarter US GDP figures lining up as a would-be catalyst.


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EURUSD Outlook Hinges on US GDP, Trade Wars, Iran Sanctions

EURUSD traders will be on their toes ahead of the release of US GDP and rising cross-Atlantic tensions over a divergence in policy on Iran.


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Asian Stocks Hit Again By US-China Trade Worries, Treasury Yields

Most Asia Pacific mainboards were hit again after another Wall Street slide. South Korea’ s Kospi managed to buck the trend, though, with tech stocks bought.


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S&P 500 Downtrend Eyed, US-China Trade Deficit Risks Irking Trump

Stock volatility may be revived later in the day with the S&P 500 downtrend in focus ahead of US trade deficit data that risks sinking sentiment if Trump expresses his displeasure with it.


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Dow, S&P 500 Forge Ahead on Reversal Patterns, Is There Enough Fear to Fuel?

There is a weight to technical developments through benchmark risk assets that should not be underestimated. That said, does the progress on head-and-shoulders reversals for the Dow and S&P 500 define the next stage of global reversal?


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NZDUSD Rate Eyes 2019-Low as RBNZ Warns of China Spillover

NZDUSD appears to be on its way to test the 2019-low (0.6482) as the exchange rate reverses the recent string of higher highs and lows.


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Australian Dollar Tumbles As Capex, Building Approvals Fall Short

The Australian Dollar was already under pressure as US-China trade war worries weigh on local interest rate forecasts. Now more weak data has hit too.


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USDBRL, Ibovespa Wobble at Key Price Levels Ahead of GDP Data

The Brazilian Real and Ibovespa equity index may feel pain ahead of the release of local inflation and GDP data after a painful first quarter.


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Crude Oil Prices Avoid Breakout on US Bond Auction, CAD Recovers

Crude oil prices clocked in a last-minute recovery with the Canadian Dollar, but oil may soon again find itself retesting support at 57.34. AUD/USD gains on Capex data may not last.


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