GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility

Congestion is the status quo whether the focus is equities, FX or some other asset class. Yet, there are always the outliers, and GBPCAD happens to be a very prominent example with a near 8 percent tumble.


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AUD Retreats With NAB Business Confidence, Fed Likely To Drive

The Australian Dollar was already drifting lower when news that local business confidence had failed to hold on to its May gains sent it lower still.


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NZDUSD Technical Analysis: One-Month Uptrend Broken. Now What?

The New Zealand Dollar has broken the uptrend guiding it higher against its US counterpart since mid-June. Will sellers manage to build momentum for a lasting down move?


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AUDUSD Rate Outlook Mired by Failed Attempt to Test May High

The monthly opening range undermines the recent rebound in AUDUSD as the advance from the June-low (0.6832) fails to spur a test of the May-high (0.7061).


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USD Recovery Extends, Apple Shares Eye Support on Sell Downgrade

The US Dollar extended its advance as aggressive Fed easing bets cooled, hurting the S&P 500. Apple shares were more at risk as Rosenblatt downgraded their stock to a “sell” outlook.


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Nasdaq 100 Outlook: Gaps Lurk Below, Pepsi (PEP) Earnings on Tap

The Nasdaq 100 traded lower on Monday, but will look to a lesser known Nasdaq component - Pepsi (PEP) - for influence on Tuesday.


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Forex Economic Calendar Week Ahead: China Inflation; UK GDP; BOC Meeting; FOMC Minutes; US Inflation

The second week of July will largely focus on the counterparties in the US-China trade war.


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Stock Market Outlook: S&P 500 Returns When the Fed Cuts Rates

How do US equities perform when the Federal Reserve begins to cut interest rates?


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US Recession Watch - What the US Yield Curve is Telling Traders

A key spread in the US Treasury yield curve is now suggesting that there is nearly a 33% chance of a recession hitting the United States within the next 12-months.


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EUR/USD: Net-Long Positions increase by 58.3% 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 EUR/USD-bearish contrarian trading bias.


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US Dollar Price Action Setups in EUR/USD, USD/JPY, USD/CAD

The US Dollar is clawing back June losses, but a full slate of Fed-speak including FOMC Chair Powell's Humphrey Hawkins testimony will keep USD on the move.


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US Dollar Muted, German Recession Unavoidable, USDTRY Soars - US Market Open

Major FX pairs are once again holding relatively tight ranges with the USD mixed across the G10 space. USDTRY soared after CBRT Chief had been fired.


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Dollar, Gold, Equities 3Q Forecast Involves Reversal Threats, Destabilizing Themes

We are heading into the third quarter and second half of 2019 with markets poised for significant movement. That said, it isn't clear whether the systemic move will be a sustained charge for the likes of the Dollar, S&P 500 and gold or conversely a disruptive reversal. What is clear is that the market does not seem to fully appreciate the risk associated to the systemic fundamental risks being worked through or the volatility that they can spark throughout the financial system.


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Conservatives Return to Greece, EUR Fails to Consolidate a Direction

EUR pairs remain subdued as New Democracy victory brings hope for Greek economy but keeps investors on edge over the country’s budget deficit


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Currency Volatility: EURUSD, USDCAD Weekly Outlook

FX volatility remains subdued despite key risk events with Fed Powell’s testimony and US CPI due to be released. USDCAD eyes BoC rate decision.


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Euro Price Forecast: EUR/JPY Stuck in a Trendless Move – Levels to Consider

Last week EUR/JPY continued its trendless pattern. Here are the levels to consider for an effective move from the buyer or the seller this week.


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Gold Price Forecast: Bullish Momentum Abates Ahead of Powell Testimony

The price of gold may face a larger pullback ahead of the semi-annual testimony with Federal Reserve Chairman Jerome Powell as the bullish momentum abates.


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Asian Stocks Lower As US Rate Cut Bets Pared, Focus On Fed’s Powell

Regional stock markets had like many others looked forward to the prospect of lower US interest rates. Now that has apparently dimmed, a little rethink is necessary.


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Crude Oil Prices May Weaken Before Powell Testimony, FOMC Minutes

Crude oil prices may retreat as market-wide risk appetite cools before much-anticipated testimony from Fed Chair Powell and the release of June FOMC meeting minutes.


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USD ASEAN Volatility Ahead, Will INR Reverse on Soft Indian CPI?

The USD could experience knee-jerk volatility versus its ASEAN peers ahead due to Fed speak, US CPI data and FOMC minutes. Will a softer Indian CPI data reverse gains in the Rupee?


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