The US Dollar rose as its yield advantage shined in “risk-on” trade, reversing prior bullish technical signals in EUR/USD. The Canadian Dollar fell on dismal local retail sales.
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Sunday, 22 December 2019
Gold Bulls Search for Low/Uptrend Resumption
Heading into the start of Q4 we noted that while the broader outlook remains constructive, seasonal tendencies do not favor gold in the fourth quarter and the advance is vulnerable heading into Oct...
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Japanese Yen Pressured as Big Problems Seem to Fade
The Japanese Yen sails into a new quarter and indeed a new year with some clear difficulties, at least if you’d like to be a bull. Will they last?
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Saturday, 21 December 2019
AUD/USD Bottom Lacks Confirmation into 2020
AUD/USD managed to recover about 1.6 to 1.8 percent in the last three months of 2019. While this might have been the best quarter since Q3 2017, it certainly was not the most exciting.
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Stock Market 2020 Forecast: Stocks to Round Out 2019 at Record Levels, Where to Next?
The fourth quarter saw global equity markets roar high as some key headwinds were put on pause and investors seized the opportunity to bid stocks higher. Can they continue the rally in 2020?
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CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020
Crude Oil May Rise on Easing Trade War Risks, OPEC Supply Cuts
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Friday, 20 December 2019
US Dollar Forecast Q1, 2020
Will Risk Trend, Recession Fears or Trump Break Dollar from Its Stasis?
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How to Invest During a Recession: Investments & Strategy
Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.
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US Dollar Outlook: DXY Rips into Resistance – USD Levels to Watch
The US Dollar Index (DXY) faces a looming bearish death cross of its 50-day and 200-day moving averages, which could serve as a major headwind to USD price action going forward.
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Canadian Dollar Outlook: USD/CAD Drops to Support, Will it Break Out?
The Canadian Dollar surged against its southern neighbor in December after encountering resistance around 1.3350. Falling to longstanding trendline support, will USD/CAD breakout in 2020?
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USD/JPY Jumps to Session Highs as the Dollar Gains on US Data
The US Dollar is rising toward intraday highs on better-than-expected data on the US economy like personal income, spending and core PCE inflation, which is crimping FOMC interest rate cut odds.
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US Dollar Volatility May Rise Next Year: DXY, EUR, CAD Charts & More
As we are nearly set to begin a new year, the question is: Could 2020 bring better trading with a breakout in volatility?
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Sterling Price Forecast: GBP/USD Challenging Big Figure Support
Sterling (GBP) has come under selling pressure in recent days and given back all the post-election rally. GBPUSD remains positive but will need to respect support if it is to push higher.
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US Dollar May Rise on PCE Data and Trade War Optimism
The US Dollar may rise against its major counterparts if key economic statistics cool Fed rate cut bets amid a climate of market buoyancy. EUR/USD to test key support?
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Thursday, 19 December 2019
Gold to Track November Range with US-China to Sign Trade Deal in 2020
The price of gold may continue to track the range from November as the US and China look to sign the Phase One trade deal in January.
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Crude Oil Prices Strong, Look Set For Third Straight Weekly Gain
Crude oil prices are still benefitting from hopes that even an interim trade deal between China and the United States will mean much stronger global energy demand.
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British Pound Outlook Bearish Amid Renewed No-Deal Brexit Fears
Renewed Brexit fears have battered the British Pound and caused EUR/GBP and GBP/USD to spike and plunge, respectively. Both pairs are now approaching key technical levels.
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CAD Price Forecast: USD/CAD, NZD/CAD Rates May Rise on Canada GDP
Near-term Canadian Dollar strength could be at risk to next week’s local GDP report. Technical analysis hints that USD/CAD may turn higher as NZD/CAD maintains its uptrend.
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Swiss Franc Likely to Stay Strong Despite Best SNB Efforts
The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one.
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AUD/USD Rebound Undermined by Historical Behavior Around 200-Day SMA
The failed attempt to close above the 200-Day SMA (0.6904) undermines the recent rebound in AUD/USD amid the historical tendency around the moving average.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...