Gold prices remained under pressure on the eve of the signing of a long-awaited phase-one trade deal between China and the US. Chinese trade numbers weighed on haven assets by surging ahead.
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Monday, 13 January 2020
Post-NFP EUR/USD Strength Undermined by January Open Range
EUR/USD extends the advance following the NFP report, but the opening range for 2020 undermines the recent strength in the exchange rate.
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USD at Risk to SGD, IDR, MYR and PHP. US-China Phase One in Focus
The Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso are rallying versus USD ahead of a highly-expected US-China phase on trade deal signing. Can it prolong?
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Australian Dollar Up as China Imports, Exports Surge, Trade Deal Eyed
The Australian Dollar headed up a little on extremely robust trade numbers out of China. Focus is of course on this week’s impending trade deal between that country and the United States.
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USD/CAD Forecast: 2020 Opening Range Foreshadows Larger Rebound
The monthly opening range raises the scope for a larger rebound in USD/CAD as the exchange rate fails to test the 2019 low (1.2952) during the first full week of January.
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GBP Sinks, USD/JPY Clears 110. US Removes China as FX Manipulator
The British Pound fell as BoE rate cut bets rose. This is as USD/JPY cleared 110 as the US dropped China’s currency manipulator label ahead of the phase one trade deal signing.
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Canadian Dollar Price Outlook: USD/CAD Breakout Trade – Loonie Levels
Canadian Dollar is carving a well-defined weekly range just above uptrend support and we’re looking for the break. Here are the levels that matter on the USD/CAD charts.
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3 Things to Know When Trading Earnings Announcements
Earnings season is a period ripe with trading opportunities and volatility but can be unpredictable. Here are 3 things to know when trading earnings season.
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US Dollar Forecast: USD Charts & Levels to Watch This Week
The US Dollar Index is testing a key technical resistance level as USD price action attempts to reverse its recent downtrend after trading roughly 1% higher so far this year.
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New Year, Old Policies: Maintain the Path on Interest Rates - Central Bank Watch
G10 central banks appear to be ready to chart the same path that they followed as 2019 ended.
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Japanese Yen vs US Dollar Breakout, USD/JPY Hits 7-Month Peak - US Market Open
USD/JPY breaks descending trendline to hit 7-month high. GBP/USD hit on more dovish BoE comments, while GDP contracts. USD/CAD awaits Bank of Canada survey.
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FTSE 100 Weekly Outlook: Key Trendline Curbs Breakout, BoE Easing Bets Rise
The FTSE 100 has begun the week on the front foot as the index receives a lift from a slightly softer Sterling. Eyes on UK data as markets pricing in BoE easing.
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Gold Price Outlook - Slipping Towards Short-Term Support
Gold continues to move lower in early turnover as risk assets remain bid ahead of this week’s US-China trade deal.
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British Pound May Fall on Industrial Data After BoE Warning
The British Pound may fall on a slew of manufacturing data amid ongoing Brexit uncertainty and the Bank of England’s chilling message from last week.
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Sunday, 12 January 2020
Crude Oil Prices Edge Up as US-China Trade Hopes Supplant Iran Worries
Crude oil prices managed very slight gains in the Asia session Monday, even as the Iran risk premium seems to be coming out of the market.
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Gold Price to Stage Larger Pullback on RSI Sell Signal
The price of gold may stage a larger pullback as the RSI struggles to hold in overbought territory, with the oscillator on the cusp of flashing a textbook sell-signal.
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Swedish Krona, Norwegian Krone May Rally on Trade War Optimism
Petroleum-linked Norwegian Krone and Swedish Krona may rise along with crude oil prices on US-China trade war optimism, though trouble in Europe and Asia may erase their gains.
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Rupee 2020 Outlook: India Stagflation Risk May Boost USD/INR Rate
The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates.
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AUD/USD Rate Outlook Hinges on Details of US-China Trade Deal
The details surrounding the US-China trade deal may influence the near-term outlook AUD/USD if the agreement foreshadows less demand for Australian exports.
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...