ZAR Plummets on Shocking Q1 GDP, Mexican Peso Rises, RBA Cuts Rates - US Market Open

The South African Rand under significant pressure this morning after Q1 GDP showed the largest contraction since 2009.


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Canadian Dollar Price - USD/CAD May Resume Bearish Price Action

USD/CAD is sliding lower due to recent USD weakness. Here is the possible bearish scenario with the key technical levels to watch.


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Euro Outlook: EUR/USD Price Snaps Back to Resistance Ahead of ECB

EURUSD has pushed up to a fresh six-week-high this morning as USD-weakness continues to get priced-in. Will this Thursday's ECB rate decision bring upon change?


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Pound Forecast: Trading GBP When a New Tory Leader Takes on Labour

Sterling markets are on edge as the UK’s ruling Conservative Party prepares to pick a new leader, who will become Prime Minister automatically. But would he or she beat the Opposition’s Jeremy Corbyn?


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Risk Aversion Still Dominating Markets | Webinar

Market sentiment remains poor, with safe havens still in demand. Riskier assets look to be picking up but that could be due simply to some profit-taking after their recent losses.


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Dollar Chart Buckles; EURUSD, GBPUSD, and Gold Rate Outlook

The Dollar took a sudden hit and now has trend support in focus; Euro leading the charge, Cable trying to lift off long-term support, while gold trades back towards major levels.


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Crude Oil Price Analysis: Brent Crude Eyes Critical Test of $60 Support

The oil market continues to remain soft as the bearish bias towards risk assets in light of rising concerns of a global slowdown weighs on the energy market.


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Mixed Eurozone Data Keeps EURUSD Subdued, Focus on Fed Chair Powell’s Speech

The EURUSD was pushing higher at the end of Monday’s session but reversed some of the gains in anticipation of Eurozone inflation and unemployment figures released this morning. A mixed reading kept the pair subdued around the 1.1246 handle.


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Bitcoin (BTC) Price Slumps, Longer-Term Bullish Momentum Likely

The latest sharp sell-off in Bitcoin is unlikely to break the longer-term ongoing bullish momentum and prices may push higher after a period of consolidation.


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DAX 30 & CAC 40 Technical View: Short-term Positive, Broadly Negative

Both the German and French benchmarks are trading around the important long-term moving average; only a bounce is anticipated at this time though.


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Gold Forecast - Will Fed’s Powell Fuel Another Gold Price Surge?

Gold continues its recent rally, but momentum is slowing as resistance levels near. Will commentary from Fed Chair Jerome Powell reignite the recent surge higher.


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Gold Price Breakout Triggers Overbought RSI Reading

Gold prices may continue to gain ground over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.


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EURUSD Testing Critical 18-Month Resistance - Will it Hold?

EURUSD will likely be in pain as Eurozone CPI data is published, though dovish undertones from Fed Chairman Jerome Powell may help mitigate or even reverse some of EURUSD’s losses.


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NOK, SEK Forecast: Volatility Eyed on ECB, EU News, US Jobs Data

The Swedish Krona and Norwegian Krone will likely experience higher-than-usual volatility ahead of the ECB rate decision and critical European and US data.


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Crude Oil Prices May Fall as Fed’s Powell Cools Rate Cut Bets

Crude oil prices may fall further after hitting a four-month low as Fed Chair Powell talks down imminent rate cut speculation, souring investors’ mood market-wide.


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AUDUSD Gains As RBA Makes Rate Cut But Offers Measured Statement

The Australian rose initially as domestic interest rates sank to new record lows, probably because its central bank's statement was less dovish than the market.


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RBA Preview: Rate Cutting Cycle to Curb AUDUSD Rate Rebound

The RBA meeting may shake up the near-term outlook for AUDUSD as the central bank is expected to cut the official cash rate (OCR) to a fresh record-low of 1.25%.


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The Dollar and Nasdaq Tumble Should Seriously Concern Traders

Risk aversion has clearly carried over from last week, but more than that, the systemic complications plaguing the Dollar and the financial system in general seem to be causing more overt fissures in the markets.


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ASX 200 Resilience To Trade War Fears Falters, Key Support Looms

The ASX 200 had been quite immune to diminished global risk appetite but it’s now crumbling with other global stock market benchmarks


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AUDUSD Chart Analysis: Aussie Rebound at Resistance, RBA Eyed

An Australian Dollar rebound against its US counterpart as run into key chart resistance ahead of the RBA monetary policy announcement. What now?


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