USD/CAD appears to be on track to test the September-low (1.3134) as the Federal Reserve comes under pressure to implement lower interest rates.
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Tuesday, 1 October 2019
British Pound Braces for Boris Johnson's New Brexit Deal
GBP will be in for a hectic session as UK Prime Minister Boris Johnson prepares to unveil his new Brexit plan as the October 31 deadline approaches.
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Asian Stocks Wilt As Investors Mull Global Manufacturing Weakness
There was never likely to be much cheer around the day after investors learned US manufacturing activity hit a ten-year low. Sure enough, Asian stocks retreated.
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Gold Prices Eye Fed Remarks After US Data Amplified Rate Cut Bets
Gold prices will be closely watching for commentary from several Fed officials after US ISM manufacturing data printed its lowest reading in a decade and boosted Fed rate cut bets.
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Gold Price Correction Remains in Play as RSI Tracks Bearish Trend
Gold prices may face a larger correction over the coming days as a head-and-shoulders formation takes shape, with the RSI still tracking the bearish formation from June.
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Yen May Rise After US ISM Data Hit 2009 Low. USD/JPY Downtrend Eyed
The Japanese Yen may rise after US ISM Manufacturing data clocked at its lowest since 2009 as risk aversion spills into Asia markets, hurting the Australian Dollar as stocks fall.
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Stock Market October Forecast: Prepare for Volatility
As the market enters the fourth and final quarter of the year and the decade, the stock market will likely have to weather heightened volatility which sparked an equity rout this time last year.
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Euro Price Outlook: EUR/USD Stalls into Monthly Open- Bears Beware
Euro’s fall to fresh yearly lows into the start of the monthly / quarterly open is suspicious. Here are the levels that matter on the EUR/USD price charts.
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US Dollar Price Outlook: USD Testing Major Trend Resistance into Q4
The US Dollar is testing multi-year uptrend resistance into the open of October trade- do the bulls have it? Here are the levels that matter on the DXY weekly chart.
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ISM Manufacturing Miss Halts USD Rally; Pushes Treasury Yields Lower
The Institute for Supply Management’s Manufacturing Index declined further in September printing a reading of 47.8, the miss shifted the markets into a risk-off mood with the USD and Treasury Yield...
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USD Dominates, GBP/USD, AUD/USD Heading Lower - US Market Open
US Dollar continues to grind higher, while RBA sinks AUD/USD and GBP/USD weighed by ongoing Brexit uncertainty.
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US Dollar Starts Q4 at Two-Year-Highs: Can USD Bulls Maintain?
The US Dollar is at fresh two-year-highs to start Q4, and the FOMC is in the spotlight for rate decisions in October and December.
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Brexit Latest: GBP/USD Eyes UK PM Johnson's Brexit Plan
GBP/USD given modest lift on better than expected Manufacturing PMI, however, Brexit details will dictate price action.
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Gold Price Slumps but Looks Oversold as US Dollar Continues to Soar
Gold has shed around $70/oz. in the last week despite a mildly supportive, political backdrop. The US dollar however continues to strengthen forcing the precious lower.
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EURUSD Rate Searches for Support as ECB Calls for Fiscal Stimulus
EURUSD continues to search for support, with the exchange rate at risk of exhibiting a more bearish behavior amid the weakening outlook for the monetary union.
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Monday, 30 September 2019
EUR/USD Eyes Eurozone CPI and US ISM Data Amid Trade War Tensions
EUR/USD may wobble ahead of the release of Eurozone CPI data and US ISM reports, though EU-US trade war tensions may ultimately provide a boost to the US Dollar at the expense of the Euro.
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Australian Dollar Spikes Up As RBA Delivers Well-Expected Rate Cut
AUD/USD made initial gains as Australia's key interest rate falls again, to 0.75%. The RBA's accompanying statement was no more dovish than recent editions.
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RBA Preview: AUDUSD Vulnerable to 25bp Rate Cut, Dovish Guidance
The RBA interest rate decision may drag on AUD/USD as the central bank is expected to cut the official cash rate (OCR) by 25bp to a fresh record-low of 0.75%.
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Oil Prices Face Renewed Risk of Bear Market as OPEC Sees Waning Demand
Oil prices face a renewed risk of a bear market as the Organization of the Petroleum Exporting Countries (OPEC) see waning demand in 2019.
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US Dollar Rose as Crude Oil Prices Broke Support, Eyeing August Low
Crude oil prices took out support, exposing August lows despite a pickup in risk appetite as the S&P 500 rose. The US Dollar rallied, taking the Euro to its weakest since May 2017.
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....