Wednesday, 13 November 2019

NZD/USD Spikes on RBNZ Shock, GBP/USD Muted on Inflation Drop - US Market Open

NZD/USD is on course for its best day in over 9-months after RBNZ rate decision, while falling UK CPI is expected by the Bank of England.

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US Dollar Threatens Breakout: USD Ascending Triangle Ahead of Powell

November has brought a change-of-pace in the US Dollar, reversing 50% of the October sell-off. Can USD bulls push for more as the FOMC Chair is set to take the stage?

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USD/JPY & USD/CHF Oscillate on Mixed US CPI Data Ahead of Powell

Headline US inflation came in hotter than expected, though core CPI softened slightly. USD/JPY and USD/CHF are edging lower following the report while traders await remarks from Fed Chair Powell.

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Dow Jones, DAX, Oil Technical Analaysis & More

U.S. indices traversing record territory but extended like other indices such as the DAX, crude oil channel/bear-flag remain as key focus.

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Canadian Dollar Forecast: USD/CAD Price Running into Renewed Resistance

USD/CAD has continued its recent push higher and now nears resistance levels that may prove difficult to overcome in the short-term.

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British Pound May Fall if CPI Data Fuels BoE Rate Cut Bets

The British Pound may fall against its major counterparts if local CPI data falls below the expected numbers and further pressures BoE policymakers to cut lending rates amid Brexit turmoil.

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Tuesday, 12 November 2019

Gold Prices Up on US-China Trade Jitters, US CPI Unlikely to Hurt

Gold prices found support in US President Donald Trump’s latest inconclusive trade speech, while crude oil prices remain dogged by oversupply worries.

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US Dollar Forecast: USD/SEK May Spike on CPI, Powell Speech

The US Dollar may rise vs the Swedish Krona if Nordic price growth disappoints and further cools Riksbank rate hike expectations against the backdrop of US CPI and Powell’s testimony.

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EUR/USD Analysis: RSI Offers Bearish Signal Ahead of Powell Testimony

EUR/USD may continue to give back the rebound from the yearly-low (1.0879) as the Relative Strength Index (RSI) offers a bearish signal.

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US-China Trade Deal Optimism Leaves Hong Kong Stocks Behind

Stocks in Hong Kong have struggled to capitalize on hopes for a US-China trade deal amid violent clashes between protesters and police, but the trend still points upward.

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New Zealand Dollar Spikes as RBNZ Holds Rates, Guidance Now Key

The Reserve Bank of New Zealand left its Official Cash Rate on hold at a record low of 1%, defying expectations of another reduction.

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RBNZ Preview: 25bp Rate Cut and Dovish Guidance to Drag on NZD/USD

The RBNZ interest rate decision may fuel the recent decline in NZD/USD as the central bank is expected to cut the official cash rate to a fresh record low in November.

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Yen May Fall, USD/JPY Reversal Ahead After Trump Trade Talk?

The Japanese Yen rose, leaving USD/JPY more at risk to a reversal on ongoing uncertainties in US-China trade deal hopes and technical analysis. Ahead, the Australian Dollar may fall.

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US Dollar Price Volatility Report: USD Eyes CPI, RBNZ, Auto Tariffs

US Dollar implied volatility & trading ranges: USD/JPY, NZD/USD and EUR/USD price action highlighted ahead of the US CPI report release, an RBNZ rate review and Trump's auto tariff decision.

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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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US Dollar Resistance Test: Trade or Fade USD, EUR/USD, AUD/USD

The US Dollar has clawed back half of last month's losses, and a couple of big drivers sit on the docket for the next two days in the US.

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Canadian Dollar Outlook: USD/CAD Breakout Fizzles- Loonie Levels

The Canadian Dollar may be poised to mount a counter-offensive as the recent US Dollar advance tests resistance. Here are the levels that matter on the USD/CAD charts.

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Euro Forecast: Fresh Lows in Sight for EUR/JPY & EUR/USD Rates

Fresh monthly lows are in place for EUR/USD, while EUR/JPY has exited the sideways consolidation keeping prices contained since mid-October.

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Trump Renews Assault on the Fed, Phase One Trade Deal Doubts Rise

President Trump continued his attack on the Federal Reserve today at a speech delivered at the Economic Club of New York. POTUS also injected fresh doubts on a US-China phase one trade agreement.

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Currency Wars: What to Expect if a Currency War Breaks Out?

The risks of a full-blown currency war is at an all-time high since the US-China trade began. While trade wars are fought with tariffs, currency wars can be fought in several ways.

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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...