Tuesday, 6 August 2019

Brexit Latest, GBP/USD Rally Struggles, EUR/GBP Fades Lower

Remainers are still trying to block Boris Johnson’s path to a no-deal Brexit with the latest reports that they will try and force a vote of no-confidence in the PM.


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Canadian Dollar Price: USD/CAD Hammered at Resistance – Now Eyes the Support

Last week USDCAD pulled back after testing its highest levels in six weeks. How sellers could take advantage of buyer’s hesitation?


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Dow Jones Tags 200-day; Technical Outlook for S&P 500, Nasdaq 100

The drop from record levels has been fierce, bringing into play long-term thresholds; a short-term bounce at the least should be in the works, but a larger sell-off may have just kicked off…


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What is The Brexit Backstop and How Does it Impact The Pound?     

As the Brexit impasse continues, the issue of the Irish backstop remains the main sticking point between the UK and EU. Will it be resolved in time for a true breakthrough before the October 31 deadline?


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New Zealand Dollar Expected to be Most Volatile Currency With RBNZ Set to Cut Rates

Short term volatility in NZDUSD jumps amid RBNZ rate decision. Money markets currently pricing in a 100% chance of a rate cut.


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Crude Oil Price Hits a 7-Month Low, Chart Remains Weak

The oil complex took a sharp hit Monday as US-China trade wars ramped up, and when coupled with a weak global growth outlook, further losses cannot be discounted.


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Gold Prices Hit 6-Year High as US-China Trade Spat Sinks Bond Yields

Gold prices surged as US-China trade war escalation sowed panic across the markets and sent bond rates tumbling, boosting the appeal of non-yielding precious metals.


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Monday, 5 August 2019

US Dollar May Rise on Fed’s Bullard, Turbulent Italian Politics

The US Dollar may rise if St. Louis Fed President James Bullard disappoints dovish market expectations and if precarious Italian politics take a turn for the worse.


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Australian Dollar Up as Measured RBA Disppoints Dovish Markets

The Australian Dollar spiked upward as the RBA disappointed battered markets' hope for robust policy support, signaling a more measured posture.


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US Dollar May Rise as NOK, SEK Suffer Amid Trade War Tensions

US Dollar may extend gains if US-China trade war tensions continue to escalate and pressure the cycle-sensitive Swedish Krona and Norwegian Krone.


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Dow and Dollar Tumble as China Let’s Yuan Dive, Escalation Inevitable

Trade wars are escalating and risk trends are suffering. With US-based indices taking a tumble, the seemingly unflappable complacency looks at-risk of collapse. Yet, my true concern is the crack in sanctity of the Dollar.


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US Dollar May Rise Versus PHP as Trade War Risk Overshadows CPI

The US Dollar may rise versus the Philippine Peso after CPI data as US-China trade war tensions may fuel more-aggressive easing from the BSP. USD/PHP took out key falling resistance.


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Trade War Fears, Copom Minutes May Pressure Brazil Stocks, BRL

Brazil stocks will likely continue to feel the pressure as US-China trade war tensions escalate while investors brace for the Copom meeting minutes and a key vote this week.


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Yen to Rise as AUD/USD Sinks, Will US Raise China Tariffs to 25%?

The Japanese Yen may gain as the Australian Dollar sinks past 2009 lows with China ready to halt US agricultural imports and markets eyeing if Trump retaliates and raises tariffs.


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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was this week, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.


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AUD/USD Outlook: Australian Dollar Eyes RBA as Trade War Rages

Spot AUDUSD is on pace to extend its losing streak to 15 consecutive days headed into the August RBA meeting slated for Tuesday at 4:30 GMT.


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Crude Oil Outlook: Oil Prices Bounce from Fresh Low, Find Resistance

Oil price remain on their back foot and the continued trade threats permeating the headlines may give bears another run lower.


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Gold Prices Begin Next Phase of Rally as Chinese Yuan Implodes

With the US Dollar and US Treasury yields falling together thanks to the latest developments in the US-China trade war, precious metals are shining.


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S&P500, Dow Jones Price Outlook: May Press Lower Below These Levels

Today, S&P500 and the Dow tested their lowest levels in nearly 8 weeks after hitting all times high in July. How will these indices perform in the next few days?


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USD Price Outlook: Yuan Gaps, Yen Rips and US Stocks Under Pressure

The US Dollar and US stocks remain under pressure following last week's tariff announcement, and the PBoC responded with a massive move of weakness in the Yuan.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...