Top Trade Idea 2020: Short USD/JPY Below 6-Year Wedge

We start off this new trading year with an unmistakable speculative appetite that has pushed certain benchmarks of 'risk' - like the Dow and S&P 500 - to record highs.

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Top Trade Idea 2020: Short AUD/USD, Ranging USD/CAD

The AUD/USD rebound following the 2019 currency market flash-crash has been capped by the 200-Day SMA (0.6909), with the exchange rate staging multiple failed attempts to break/close above the movi...

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China-Sweden Tensions Flare Up: Another Trade War in 2020?

While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world.

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Crude Oil Prices Hold Close to 3-Month Highs On US-China Trade Hopes

Crude oil markets have been notably short of holiday season profit-taking which suggests that some investors see further upside as 2020 starts

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Bullish AUD/USD Behavior to Persist as RSI Pushes Into Overbought Zone

Recent developments in the Relative Strength Index (RSI) cast a bullish outlook for AUD/USD as the oscillator pushes into overbought territory.

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Top Trade Idea 2020: USD/MXN Set Up for a Volatility Breakout; Good Omen for Dollar, FX Vol

USD/MXN is setting itself for a major breakout in volatility, and of course with it a large price moves once the breakout sorts itself out, clean or not.

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Why Markets Will be Closely Watching US Housing Data in 2020

Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat.

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Top 5 Most Market Moving Grey Swans to Watch for 2020

There are events for which an intense impact is still a possibility but for which their occurrence is at least a possible blip on the radar. These are ‘Grey Swans’ and these are my top five for 2020.

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EUR Forecast 1Q-2020: Weakness Likely to Persist in Early 2020 Before Rallying Later in The Year

The persistent weakness of the Euro against the US Dollar, which began in late September 2018, will likely persist in the first few months of 2020 although a rally could follow as the US Presidenti...

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Gold Price Clears November High as RSI Sits in Overbought Territory

The price of gold clears the November high ($1516) and recent developments in the RSI instill a bullish outlook for bullion as the oscillator sits in overbought territory.

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Top Trade Idea 2020: Long NOKSEK – Seasonal Trends Remain Prominent

As has typically been the case over the past 5-years price action in NOK/SEK has been typically characterized by selling into the yearend before posting a notable rebound in Q1.

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Australian Dollar Up as China Manufacturing PMI Hangs On Above 50

The Australian Dollar continued to gain on a holiday-hit Tuesday as official data showed that China’s nascent manufacturing expansion lasted another month.

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Top Trade Idea 2020: Long Gold as Central Banks Remain Accommodative and Inflation Rebounds

The performance of gold was quite solid in the first half of 2019 and even outpaced the rally in major equity indices like the Dow Jones for part of the year.

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Top Trade Idea 2020: Short EUR/CHF, EUR/JPY as Eurozone Economy Suffers from Impact of Brexit

Looking back at the forecasts made a year ago by the DailyFX analysts, I was struck by the fact that four of us were bearish the Euro: two against the Japanese Yen and one against the Canadian Doll...

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Top Trade Idea 2020: Support Central Banks Plus a Big Election Keep Focus on Long Gold

Next year brings another Presidential Election in the United States, and given the outlay of the past three years, it seems almost obvious that President Trump is going to want to stimulate the eco...

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Bitcoin Price Forecast 2020: BTC/USD Lacks Bullish Sentiment, For Now

After surging more than 260% in the first six months of 2019, Bitcoin will end the year in a relatively disappointing fashion. Can BTC/USD regain its charm in 2020, or will it fall further?

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Dollar 2020 Outlook: EUR/USD, USD/CAD, AUD/USD Technical Charts

Updated technical charts for the US Dollar Majors heading into the start of the 2020 trade. These are the levels that matter on Euro, Loonie and Aussie weekly charts.

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Gold Price Outlook: Risk of Upside Breakout Despite Resistance Holding

Gold prices have remained underpinned by the continued pullback in the US Dollar. However, while resistance has capped further upside, seasonal trends may come into effect.

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Fed Monetary Policy Outlook in 2020: FOMC Voting Changes

2020 will see four regional Fed presidents rotate into voting spots, which will make for a slightly more dovish FOMC committee.

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Why Markets Will be Closely Watching US Housing Data in 2020

Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat.

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