All currencies are not the same; emerging market FX trades differently than developed market FX.
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Friday, 17 January 2020
USD Outlook: US Dollar at Resistance Ahead of Consumer Sentiment
Consumer sentiment data due Friday shortly after the New York opening bell has potential to weigh materially on the US Dollar as forex traders shift focus away from US-China trade deal headlines.
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Gold Price Outlook: XAU Charges Above Key Level, Can Bulls Maintain?
Gold prices moved in for a re-test of key resistance this morning but, so far bulls have been unable to continue the move.
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Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) - Cryptocurrency Rally Continues
The cryptocurrency rally continues with a swathe of coins making multi-week highs and continuing to paint a positive picture for the sector.
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British Pound (GBP) Latest: UK Retail Sales, Brexit Demands and Sterling Support
The British Pound continues to push slowly higher with all eyes now on the latest UK retail sales data. In the background, the EU and UK continue to prepare for life after Brexit.
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Stocks May Turn Defensive with US Presidential Election Eyed
Global stocks may turn defensive as the calendar turns to 2020 and financial markets turn their attention to the outcome of the US presidential election.
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US Dollar May Fall if Consumer Data Fuels Fed Easing Bets
The US Dollar may retrace some of its recent gains if consumer confidence data underwhelms and inflames 2020 Fed rate cut bets.
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Thursday, 16 January 2020
Crude Oil Prices Edge Down as Market Mulls On-Target China Growth
Crude oil prices have plenty of fundamental drivers at present. Chinese growth loomed large Friday. It came in exactly as markets expected but remains weak by recent standards.
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AUD/USD, NZD/USD Outlook Looks Past Stocks to Rate Cut Bets
The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the S&P 500. What does this mean for AUD/USD and NZD/USD ahead?
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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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Dollar, Yen Crosses and Global Indices Test Resistance as Dow Extends Rally
The speculative flush after the US-China Phase One deal signing urged US indices to a gap higher and record highs Thursday. Meanwhile, other risk benchmarks are facing tech barriers alongside the D...
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Australian Dollar Firm As China GDP Matches 27-Year Low
The Australian Dollar edged higher as China's growth data for 2019's final quarter came in as expected at 6.0%. This is still very weak by recent history, but at least on track to official targets.
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NZD/USD Rate Outlook Undermined by Bearish RSI Behavior
NZD/USD may continue to give back the correction from the 2019 low as the RSI falls back from overbought territory and snaps the bullish trends from the previous year.
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Japanese Yen Prices Fall, USD/JPY Rally May Extend on China GDP
The anti-risk Japanese Yen fell as U.S. retail sales sent the S&P 500 rallying, the US Dollar ended flat. China Q4 GDP may further sink the Yen as USD/JPY eyes highs from May 2019.
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US Dollar Forecast: USD Lacking Impetus Ahead of Consumer Sentiment
Consumer sentiment data due Friday shortly after the New York opening bell has potential to weigh materially on the US Dollar as forex traders shift focus away from US-China trade deal headlines.
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Australian Dollar (AUD) Outlook: AUD/USD, AUD/CAD, AUD/NZD
The Australian Dollar has been rather timid despite the US-China trade deal signing. While other risk assets like the S&P 500 have pushed to record levels, AUD remains contained.
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Dow Jones Hits Record High as CSX Lowers Outlook
CSX earnings beat guidance for the fourth quarter, but guided revenue to drop 2% or remain flat for the year ahead, sending the stock down 4% after hours
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FX Price Action: Wait for the Major Breaks or Look Between the Swings
It's slow out there, but that doesn't mean it'll remain that way for long. Prepare and adapt.
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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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Gold Price Outlook: XAU/USD at Risk for Further Losses- GLD Levels
Gold prices plummeted more than 3.8% off the monthly highs and near-term recoveries could be short-lived. Here are the levels that matter on the XAU/USD charts.
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