An outside-weekly reversal off resistance last week is now threatening a low in Kiwi just above support. Here are the levels that matter on the NZD/USD weekly chart.
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Monday, 11 November 2019
Australian Dollar Outlook: AUD/USD, AUD/NZD Levels Ahead of RBNZ
The Australian Dollar has enjoyed a boost from a recent improvement in US-China trade tensions but could look to the neighboring RBNZ for early direction this week.
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USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut - Central Bank Watch
Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.
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Trading Forecast: Dollar Rally Conflicts with Dow’s on Trade Wars, Watch Euro, Pound and Kiwi Ahead
There was an unmistakable extension of the maligned risk appetite trend through this past week. The US-China trade war headlines will likely carry the speculative focus moving forward; but European...
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Brexit Latest: GBP/USD Surges as Nigel Farage Boosts Boris Johnson's Majority Odds
GBP/USD rallies as Nigel Farage raises likelihood that Boris Johnson can reach a majority in the 2019 general day.
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GBP/USD Price Little Moved After UK Q3 GDP Misses Expectations
Positive third quarter growth in the UK with the economy growing by 0.3% but missing market expectations of 0.4%. Sterling (GBP) edges lower.
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British Pound Price Forecast: GBP/USD, EUR/GBP Eye GDP Data
The British Pound may fall after a cascade of industrial reports and preliminary Q3 GDP data cross the wires and potentially fuel rate cut bets from the Bank of England amid Brexit uncertainty.
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Sunday, 10 November 2019
Gold Prices Supported By Hong Kong Unrest, Look to UK GDP
US-China trade hopes continue to cloud the overall backdrop for gold and other haven assets but renewed violence at protests in Hong Kong has seen demand tick up.
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NZD/USD Rate Vulnerable to Reserve Bank of New Zealand (RBNZ) Rate Cut
NZD/USD may continue to give back the rebound from the 2019-low (0.6204) as the Reserve Bank of New Zealand (RBNZ) is expected to deliver a 25bp rate cut in November.
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Weekly British Pound Forecast: UK GDP and Inflation Due; Tories, Johnson Lead Polls Ahead of General Election
Neither the Q3’19 UK GDP report nor the October UK inflation report (CPI) are likely to stir much confidence in the British Pound.
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US Dollar Forecast: MYR, IDR, PHP, SGD at Mercy to Trade News
Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite US Dollar strength. This is the key fundamental driver for ASEAN FX.
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Oil Price Outlook: Brent, SEK, NOK Eye Trade Talks, US CPI
Crude oil prices, NOK and SEK may rise if Donald Trump’s speech on trade war developments amplifies market buoyancy against the backdrop of critical US CPI and retails sales data.
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AUD/USD Analysis: Monthly Opening Range Casts Bearish Outlook
The monthly opening range brings the downside targets on the radar for AUD/USD as the exchange rate pullbacks ahead of the October-high (0.6930).
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US Dollar Attracts Investors as Global Market Mood Improves
The US Dollar enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves.
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Canadian Dollar, British Pound Outlook Bearish as Week Starts
The Canadian Dollar may extend declines after a disappointing jobs report fueled the USD/CAD uptrend. The British Pound may fall after Moody’s downgraded the UK credit rating outlook.
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Saturday, 9 November 2019
Gold Price Forecast: Fundamental Analysis Highlights Further Volatility
It has not been a good week for gold bulls with the price of the precious metal down around $50/oz. over the week as risk assets benefit from a strong market bid.
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US Dollar Outlook Bullish on CPI, Fed Comments, Trade Talks
The US Dollar may rise in the week ahead if US CPI and retail sales data cool the need for Fed rate cuts against the backdrop of improving US-China trade talks.
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Friday, 8 November 2019
Oil Price Outlook Mired by Rising US Inventories and Record Output
The price of oil pulls back from the weekly high ($57.88) despite signs of a looming US-China trade deal, with the outlook for crude mired by signs of growing supply.
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Australian Dollar Could Gain if US-China Trade Hopes Hold Up
The Australian Dollar could remain quite well supported this week if current optimism around an interim US-China trade accord doesn’t dissipate.
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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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