Tuesday, 3 December 2019

Australian Dollar Stumbles As 3Q GDP Growth Just Misses Forecasts

The perky Australian Dollar took a small knock after official growth figures which saw quarterly growth just below market hopes. Annualized gains were on target however.

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US Dollar Sinks as Global Trade War Woes May Fuel Yen Price Ahead

The US Dollar declined as global trade war woes fueled 2020 Fed easing bets, ahead the anti-risk Japanese Yen may gain as the Australian Dollar sinks on local GDP data.

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Dow Jones, S&P 500 Plummet as VIX Explodes on Trade War Worries

The Dow Jones and S&P 500 sank on Monday and Tuesday following an explosion in the VIX on the back of a breakdown in the US-China trade war.

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DAX 30, CAC 40, FTSE 100 Outlooks Cling to Support as Bears Emerge

A deterioration in the US-China trade war has sparked an adverse reaction in the major European stock indices as each forfeited a month’s worth of gains in just three days.

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Euro Price Outlook: EUR/USD Surges Towards Fibonacci Resistance

Euro has surged nearly 1% off the November lows with the rally now targeting initial resistance hurdles. Here are the levels that matter on the EUR/USD weekly chart.

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China Makes a Bet Against the US Dollar as World Reserve Currency

There’s a significant reason why China has been issuing debt denominated in US Dollars.

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British Pound Back to the Big Figure 1.3000: GBP/USD Price Outlook

GBP/USD is in the process of trying to break-out to fresh six-month-highs, testing above the critical psychological level of 1.3000.

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Positive Market Sentiment Drains Away | Webinar

Comments by President Donald Trump that a US-China trade deal may have to wait until after the US Presidential Election in November 2020 have dented trader sentiment.

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US Dollar, EUR/USD, GBP/USD & More: Technical Outlook

In today's session, we discussed the outlook for USD as it presses down towards support; the Euro and Sterling look to try and gain further ground in days ahead.

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President Trump on China Trade Deal - May Wait Until After 2020 Election

US President Trump today suggested that it may be better to wait until after the 2020 US elections to fix a deal with China, prompting risk-on markets to fall.

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Gold Price Bid as US President Trump Warns of New European Tariffs

US President Donald Trump vows to increase European tariffs by up to 100% on a range of goods in retaliation against France’s new digital tax on US companies.

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AUD/USD Outlook May Soon Darken, Hints ASX 200 Price Action

The Australian Dollar has enjoyed an explosive recovery against its US namesake but its local stock index, the ASX 200, hints that gains may be fleeting.

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Brexit Briefing: Focus on Post-Brexit US-UK Trade Deal as Trump Visits UK

A visit by US President Donald Trump to the UK for the 70th anniversary of NATO has focused attention on a post-Brexit trade deal between the US and the UK.

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US Dollar Could Gain Versus SGD, PHP, IDR on World Trade Tensions

The Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit could depreciate against the US Dollar as US-China and US-EU trade tensions escalate.

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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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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...