Monday, 2 December 2019

Gold Prices Near Highs as New US Tariff Threat Sinks Risk Appetite

Gold and other haven assets were back in demand as Donald Trump unexpectedly announced new tariffs on industrial metals from Argentina and Brazil

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Oil Price Outlook Hinges on How OPEC+ Alliance Evolves

Developments coming out of the OPEC meeting are likely to sway the price of oil as the group appears to be on track to extend the ‘Declaration of Cooperation.’

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Australian Dollar Gains As RBA Holds Rates as Expected. GDP Up Next

The Australian Dollar got a lift when the Reserve Bank left the Officical Cash Rate on hold at its latest record low.

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Australian Dollar Could Fall Sharply if RBA QE Becomes 'Live'

The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.

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EUR/USD Opening Range in Focus as US Mulls Higher Tariffs for Europe

The monthly opening range is in focus for EUR/USD as the Trump administration looks poised to raise tariffs on European goods.

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USD/JPY, AUD/USD May Fall on US-EU Trade War, China Tariffs Loom

The USD/JPY and AUD/USD may sink after the USTR proposed tariffs on French goods over the latter’s digital tax, escalating trade tensions with Europe as China remains unresolved.

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Stock Market December Forecast: Trade War Headlines to Stoke Volatility

The stock market outlook for December is highly contingent on trade war developments, but history suggests the month is no stranger to volatility regardless of the event risk at hand.

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New Zealand Dollar Price Outlook: NZD/USD Breakout Goes Parabolic

A breakout in Kiwi takes price into initial resistance targets early in the week. Here are the levels that matter on the NZD/USD weekly chart heading into December.

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Gold Price Outlook: Support Holds, but Bulls Calm on USD Drubbing

It's been a slow three months in Gold as buyers have backed off the bid. But the bullish trend isn't yet dead, and its return appears to be a matter of timing.

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US Dollar Forecast: Higher Yields Required for Further DXY Index Gains

The US Dollar will need a new source of fuel now that Federal Reserve interest rate cut pricing has been pushed back significantly.

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US Dollar Forecast: USD/JPY Sinks on Trade War Fears, Weak Data

The Japanese Yen won out versus the US Dollar on Monday as trade war fears and weak economic data injected a degree of risk aversion into the market. Where is USD/JPY headed next?

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Canadian Dollar Price Outlook: USD/CAD Bull Pennant Near Resistance

USD/CAD bulls came back in November to claw back October losses but an imposing zone of resistance lurks overhead.

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NZD/USD Surges, GBP/USD Muted, Crude Oil Spikes - US Market Open

Kiwi outperforms as New Zealand look to fiscal stimulus, GBP/USD upside curbed by narrowing election polls. OPEC calls for deeper oil cuts.

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Crude Oil Plummets as Dow, Gold and USD Cling to Familiar Levels

The Dow Jones, gold and the US Dollar traded within their recent ranges last week as crude oil suffered a significant retracement on Friday as supply concerns worked to pressure the commodity lower.

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Sterling - GBP/USD, EUR/GBP, GBP/NZD and FTSE - Updated Charts

Sterling is trapped in a narrow range in early trade with UK General Election polls the main driver. The latest daily charts may give us some insight into what lies ahead.

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Crude Oil Price Analysis: Oil Prices Soar on OPEC Signal

Oil markets remain focused on OPEC meeting. Deeper production cuts to boost oil prices.

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GBP/USD Forecast: Polls Still Point to a Tory Majority But Gap Closes

GBP/USD remains bid with the latest General Election polls pointing to a Conservative majority on December 12. One poll however has the lead tightening, prompting caution.

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Crude Oil Prices Jump as China Manufacturing Recovers, OPEC Eyed

Crude oil prices were already looking hopefully for news of more, or longer, production cuts. China’s manufacturing sector managed some good news this month, which also helped.

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Sunday, 1 December 2019

Gold Price to Track November Range as Traders Eye US-China Trade Talk

The price of gold may continue to track the range bound price action from November amid the uncertainty surrounding the US-China trade negotiation.

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Copper Price Outlook Grim as US-China Trade Talks Hit a Wall

Copper prices are coiling up for what may be a decisive breakdown as US-China trade talks stall while global economic growth continues to slow.

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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...