All Market Live

Wednesday, 6 November 2019

Gold Prices to Look Past BoE Rate Call to China Trade Data

Gold prices remain supported by the prospect of delay in the signing of a US-China trade accord. They may not have much to look forward to in the UK central bank’s November policy call.

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British Pound Forecast: GBP/USD, EUR/GBP Eye BoE, UK Election

The British Pound will be bracing for the Bank of England rate decision and subsequent press briefing as the campaign season kicks off with Brexit uncertainty looming.

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Brazillian Real Sinks as Oil Rights Flop Flags Trade War Pain

Brazil held what was mean to be a transformative auction of offshore crude oil drilling rights this week. It fell flat. The global trade war may be to blame.

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Japanese Yen Outlook: Did the BoJ Just Admit Policy Failure?

How will the Japanese Yen respond as the Bank of Japan appears to begin walking back from years of assuring the markets that ‘powerful monetary easing’ would be enough to stoke inflation?

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Canadian Dollar, Crude Oil Prices Sank. USD/CAD Uptrend May Extend

The Canadian Dollar sank with crude oil prices and the USD/CAD uptrend prolonged as expected. Ahead, the anti-risk Japanese Yen may gain at the expense of the Australian Dollar.

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Nasdaq 100 Forecast: Are Investors Apprehensive About Big-Tech?

US stocks have pushed to record levels, but low trading volume suggests the recent rally has lacked the serious conviction that could be required to establish long-lasting gains.

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USD/CAD Forecast: Will the Bank of Canada (BOC) Capitulate?

The Canadian Dollar (CAD) seems at risk since the Bank of Canada (BOC) softened up language in its latest monetary policy update and could open up the door to the central bank's first rate cut sinc...

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US Dollar Forecast: DXY Index Hits Critical Resistance - Levels for USD/JPY

The US Dollar has been trading sideways for a few weeks, but there is growing evidence that traders are becoming less concerned about the Federal Reserve’s interest rate cut cycle.

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Sterling Price Outlook: British Pound Breakout Stalls-GBP/USD Levels

Sterling is on the defensive ahead of the BoE decision with British Pound holding a three-week price range. Here are the levels that matter on the GBP/USD weekly chart.

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Stock Market Outlook Weakens After US-China Meeting Delayed

Stocks slumped after it was announced the trade meeting between Presidents Trump and Xi would be delayed until December, creating concern that a deal is even possible.

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USD/CNH Above 7.0, Gold Pops on US-China Trade Deal Delay

USD/CNH spiked back above the taboo 7.0000 price level while gold prices jumped and equities slid in response to reports that the phase one US-China trade agreement could be breaking down.

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US Recession Watch, November 2019 - Recession Odds Shrink on US-China Trade War Talks

There is less than a 30% chance of a recession hitting the United States within the next 12-months, according to the NY Fed Recession Probability Indicator.

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Euro Price Outlook: EUR/USD Slumps into Range Support– Trade Levels

Euro reversed off long-term slope resistance this week with price plummeting into initial support targets. Here are the levels that matter on the EUR/USD price charts.

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US Dollar Slips, Canadian Dollar Dragged Down by Soft Crude Oil Prices - US Market Open

A rather lacklustre session thus far with major USD pairs trading in relatively tight ranges. Canadian Dollar underperforms on softer oil prices.

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Gold Technical Analysis: Gold Prices Fall to Range Support

Last week's USD-weakness brought a resistance test to Gold but, once again, buyers failed to take control of the matter. Gold price action is now back to range support.

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Brexit Briefing: UK Election Campaign Begins, EUR/GBP Support Critical

Prime Minister Boris Johnson will confirm officially today that a UK General Election will be held on December 12. For EUR/GBP traders, the key level to watch is support at 0.86.

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Euro Forecast: EUR/USD May Extend Decline After EU Data Print

The Euro’s decline vs the US Dollar may accelerate if Eurozone PMI and Germany factory orders data spooks regional investors and pressure the EUR/USD exchange rate.

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