Thursday, 31 October 2019

USD/JPY and AUD/USD Outlook Bearish as Trade War Fears Resurface

The Japanese Yen soared as trade war fears resurfaced and dismal US business activity sunk the S&P 500, emerging markets. Is USD/JPY topping? The Australian Dollar may depreciate.

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EUR/USD: Expect NFP Jobs Report to Spark US Dollar Price Action

The release of monthly change in nonfarm payrolls (i.e. US Jobs Report) is due for release Friday at 12:30 GMT and has historically sparked serious volatility in the US Dollar and spot EUR/USD prices.

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Canadian Dollar Outlook: USD/CAD Surges, Is This The Bottom?

Weeks of USD declines versus the Canadian Dollar could have come to an end after the Bank of Canada issued an undeniably dovish outlook at Wednesday’s meeting.

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Rate Cut Odds Shift After Fed, BOC, BOJ Meetings - Central Bank Watch

The Federal Reserve delivered its rate cut, and while hinting at a pause in the cut cycle, Fed Chair Powell made clear no rate hikes are coming any time soon.

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Japanese Yen Outperforms, Month-End Rebalancing Signals US Dollar Selling - US Market Open

Japanese Yen outperforms after China doubts a long-term trade deal will happen with President Trump. Euro holds onto gains while downside risks remain for the South African Rand.

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US Dollar Falls After 'Really Significant' Remark: USD to Support

The US Dollar has fallen since a key comment in yesterday's FOMC press conference. Can Dollar sellers continue to push with the threat of rate hikes diminished?

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EUR/GBP Outlook: Bearish Chart Pattern Starting to Form

EUR/GBP is stuck in a tight trading range and is nearing weak support. A break lower will take us to a near 6-month low.

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EUR/USD Outlook: Eurozone GDP and Inflation Beat Lowly Expectations

Slightly better-than-expected Eurozone inflation and growth data gave EUR/USD a small boost Thursday putting technical resistance under pressure.

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Euro Outlook: EUR/USD May Reverse Gains on Eurozone GDP, CPI Data

EUR/USD may reverse some of its recent gains against the US Dollar if Eurozone CPI and GDP data leads to capital outflow from the Euro.

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Wednesday, 30 October 2019

Crude Oil Prices Gain as Weak China Data Burnish Stimulus Hopes

Crude oil pices rose despite evidence of renewed weakness in China's manufacturing sector. Gold prices gained even as the Fed signaled a pause in interest rate cuts.

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US Dollar Response to Fed Rate Decision, Explained

The US Dollar might have been expected to rise as the Federal Reserve signaled a pause in its interest rate cut cycle. It plunged instead. Why?

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EUR/USD Eyes August-High Again as Fed Pledges to “Respond Accordingly”

EUR/USD appears to be making another attempt to test the August-high (1.1250) as the Fed Chairman Jerome Powell pledges to “respond accordingly” to the economic outlook.

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Australian Dollar Capped As China Manufacturing PMI Misses Forecasts

The Australian Dollar made gains after US borrowing costs fell but these were halted by news that China's manufacturing sector remains mired.

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USD/KRW Looks to Samsung Earnings, PCE Data After FOMC Decision

USD/KRW will be bracing for Samsung Q3 earnings and US PCE data following the FOMC rate decision and critical commentary from Fed Chairman Jerome Powell.

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Canadian Dollar and US Dollar Fall on BoC and Fed Rate Cut Bets

The Canadian Dollar tumbled as the BoC fueled rate cut bets as Fed Chair Jerome Powell eventually sent the US Dollar lower. AUD/USD faces another test of resistance from 2018.

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US Dollar Price Volatility Report: Core PCE & NFP Data on Deck

Forex traders turn to upcoming core PCE data due Thursday and a nonfarm payrolls report slated for release Friday for clues on where the US Dollar might head next following the latest FOMC rate cut.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts Following the Fed's Rate Cut

Markets were on edge ahead of Wednesday’s Fed meeting where the bank cut rates by 25-basis points, but Chairman Powell’s subsequent commentary may have laid the foundation for new heights.

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Post-Fed USD Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Today brought the Fed's third rate cut for this year, and questions abound about what the bank might do at their final rate decision of 2019 in December.

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US Dollar Climbs After FOMC Cuts Rates but Firms Language

The Federal Reserve delivered its third consecutive 0.25% interest rate cut as widely expected, but firmer language found in the October FOMC press statement is pushing the US Dollar higher.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meeting

Fed meetings tend to cause above-average volatility in the US Dollar. Here's how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.

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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...