Friday, 1 November 2019

US Dollar Rises on Strong NFP Report

US Nonfarm Payrolls rose by 128k in October, above expectations of 89k.

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Brexit Latest: GBPUSD Stair Stepping Higher as PM Johnson Enjoys GE Poll Boost

Sterling continues to move higher with GBPUSD making five consecutive bullish candles this week (so far). PM Johnson received a fillip Thursday with General Election polls showing the Conservative ...

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US Dollar May Extend Decline on Key Jobs Reports, PMI Data

The US Dollar may continue to fall against its major counterparts if nonfarm payrolls data and PMI reports miss estimates and Fed rate cut bets push the Greenback lower.

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Thursday, 31 October 2019

Gold Prices Set For More Gains, Watch US-China Trade, UK Campaign

Both gold prices and crude oil prices are hostage to headlines from the two biggest market stories- the US-China Trade War and Brexit- and likely to remain so.

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Australian Dollar Jumps as China PMI Data Tops Expectations

The Australian Dollar jumped higher alongside the ASX 200 stocks benchmark as Caixin PMI data put Chinese manufacturing growth at a 20-month high.

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Post-Fed AUD/USD Advance Fizzles amid Doubts Over US-China Trade Deal

AUD/USD may struggle to hold its ground ahead of the Reserve Bank of Australia (RBA) meeting on November 5 amid doubts surrounding the US-China trade deal.

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US Dollar Price Volatility Report: Nonfarm Payrolls, ISM PMI Ahead

USD price action could face a make-or-break turn during Friday's trading session as forex traders await the highly anticipated NFP report in addition to the latest ISM Manufacturing PMI reading.

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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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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...