USD/JPY marked an outside-weekly reversal off confluence resistance this week- bulls on notice. Here are the levels that matter on the USD/JPY weekly chart.
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Friday, 4 October 2019
US Dollar Bounces as NFP Misses Target: Powell on Deck
It was another bad US data print but USD strength has shown thus far, perhaps owed to the extremely low expectations that have begun to build.
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US Dollar Rises on Mixed NFP, Fed Rate Cuts Still Expected
US Nonfarm Payrolls rose by 136k in September, below expectations of 145k. NFP enough to calm recession fears but weak enough to expect Fed rate cuts.
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US Dollar Outlook - US NFP Report Capable of Sparking USD Volatility
The monthly US Labor Report is released later today against a background of weaker growth and heightened political risk. A sharp move in the USD, one way or another, is a real possibility.
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Sterling (GBP) Price in Limbo as EU Remain 'Unconvinced' with UK Brexit Plan
Sterling has given back most of Thursday’s gains and is trading around 1.2340 after being buffeted by news from various EU leaders who remain unconvinced about Boris Johnson’s latest Brexit offer.
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Thursday, 3 October 2019
Euro Braces for ECB, Draghi. US Dollar Eyes CPI Data
The US Dollar along with local equity markets will be closely watching critical jobs data and a speech from Fed Chairman Jerome Powell amid escalating EU-US trade war tensions.
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Asia Stocks Trade Mixed As Weak US ISMs Stoke Some Payroll Nerves
Official US labor market numbers arguably remain the most important single release of the global cycle. They’re up later, after some feeble manufacturing and service sector figures.
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US Dollar Forecast Versus Indian Rupee, RBI to Cut to 9+ Year Low?
The US Dollar could rise against the Indian Rupee as the RBI cuts rates to their lowest since 2010, leaving the door to further easing amid trade wars. USD/INR downside risks remain.
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Gold Prices May Rally on NFPs as Crude Oil Sinks On More Long Bets
Gold prices may rally towards key resistance if the upcoming US non-farm payrolls report disappoints. Meanwhile, crude oil prices may falter on bearish contrarian trading signals.
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EURUSD Opening Month Range Foreshadows Larger Rebound Going Into NFP
The monthly opening range for EUR/USD foreshadows a larger rebound in the exchange rate as it carves a series of higher highs and lows ahead of the US NFP report.
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Australian Dollar to Reverse as Markets Double Down on Fed Cut
The Australian and New Zealand Dollars capitalized on US Dollar weakness as markets doubled down on a Fed rate cut this month. AUD/USD may reverse on technical signals, but the sentiment outlook is...
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US Dollar Price Volatility Report: NFP Jobs Report & Fed Eyed
The US Dollar turns to Friday's high-impact nonfarm payrolls (NFP) jobs data to cap off this week's barrage of economic indicators that have sent Fed rate cut bets surging.
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DAX 30 Price Forecast: The Index Can Ill Afford a US-EU Trade War
The DAX 30 has faltered alongside the Dow Jones as weak manufacturing and newly-imposed tariffs highlight the dismal outlook for both economies. Will the ECB’s easing be enough for the DAX?
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Canadian Dollar Price Outlook: USD/CAD Approaching Range Extremes
USD/CAD is testing the upper bounds of a multi-week range in price heading into US Non-Farm Payrolls. Here are the levels that matter on the USD/CAD weekly chart.
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How Gold, Oil, Stocks & USD Perform During FOMC Rate Cut Cycles
Fed Chair Powell and the FOMC have already lowered US interest rates twice this year and the central bank is likely to cut again. How have assets historically performed during rate cut cycles?
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ISM Services PMI Miss Adds to Market Turmoil, Recession Risk
The Institute for Supply Management’s Non-Manufacturing Index declined further in September with a reading of 52.6 vs expectations of 55.0. The disappointing figure echoes this week’s poor data.
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Gold Prices Bounce as USD Retreats, Can GLD Bulls Hold the Line?
Gold prices have put in a vigorous bounce so far in Q4, but is that bigger picture bullish trend ready to continue? Or is this a bull trap scenario?
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Rate Cut Odds Jump for ECB, RBA, and RBNZ Drop as Global Growth Concerns Heat Up - Central Bank Watch
Fears of an oncoming global recession have provoked sharp swings in G10 currencies’ central banks’ interest rate expectations in recent days.
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USD/CAD Reversal, GBP/USD Rises, US Dollar Eyes ISM Data - US Market Open
Sterling outperforms in the G10 complex, headline risk remains elevated. USD/CAD extends reversal while US Dollar eyes ISM Non-Manufacturing PMI.
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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...
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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....