Thursday, 23 January 2020

Australian Dollar May Not Have Much to Gain From US-China Deal

The Australian Dollar has risen in anticipation of a deal Washington and Beijing. But the Australia-China trade relationship has not suffered much and may even have been helped by China’s spat with...

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Japanese Yen, New Zealand Dollar Gain as Euro Depreciates Post ECB

The anti-risk Japanese Yen gained as fears of the coronavirus spread. The Euro depreciated as the ECB further pushed back tightening prospects. NZD/USD gained on New Zealand CPI data.

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Bitcoin (BTC) Price Forecast: Coin Probes Key Resistance, Fails First Test

Bitcoin has enjoyed a strong start to 2020, surging off support and into resistance offered by the 200-day simple moving average. After failing the first test, can bulls break above?

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NZD/USD Price Outlook: New Zealand Dollar Eyes Inflation & RBNZ

The New Zealand consumer price index (CPI) for 4Q-2019 is set to cross the wires Thursday, January 23 at 21:45 GMT and puts NZD price action at risk of experiencing outsized moves.

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EUR/USD Breaks Down, Oil Tests Key Support as Risk-Off Hints Appear

EUR/USD breaks down to fresh 2020 lows, but can sellers push through 1.1000? And further, can the US Dollar grind through a key resistance zone?

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Australian Dollar (AUD) Forecast: AUD/USD, AUD/CAD Rebounds Stall

The Australian Dollar enjoyed a brief rally on the back of encouraging jobs data, until broader risk aversion worked to undermine the initial gains. Can the jobs data propel AUD in the days to come?

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Oil Price Outlook: Crude Sinks 6% – WTI Targets Technical Support

Oil prices plummeted more-than 6% this week with crude targeting initial support targets just lower. Here are the trade levels that matter on the WTI technical charts.

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Euro Sinks on ECB: EUR/USD Fresh 2020 Lows, EUR/JPY Tests 121.00

It was a quiet outlay from the ECB but the single currency did push a bearish move. Will sellers be able to re-take control of the Euro?

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AUD/USD Rises, RBA Rate Cut Bets Slashed, EUR/USD Tests Support - US Market Open

Firm Australian Jobs report quells RBA rate cut expectations, prompting AUD/USD jump. EUR/USD tests support amid ECB, eyes on PMIs and Italy.

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Canadian Dollar Price Outlook: Loonie Breakdown Propels USD/CAD

The Canadian Dollar broke down yesterday as driven by the Bank of Canada rate decision. Does the move have continuation potential?

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ECB Leaves Rates Unchanged, As Expected; Euro Stable

The European Central Bank has left Eurozone interest rates and its bond-buying program where they were and has confirmed a policy review that could lead to a change in its inflation target.

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USD/CNH Price Analysis - Chinese Yuan Slump Continues as Coronavirus Fears Escalate

The sharp Chinese Yuan sell-off continues with USD/CNH back at a near two-week high as market participants become increasingly worried about the spread of the deadly Coronavirus.

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Dow Jones and S&P 500 Forecasts for the Day Ahead

S&P 500 uptrend persists; however, we caution chasing the market higher. Dow Jones edges lower, eyes on Boeing and Apple earnings

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British Pound (GBP) Latest: Break Higher Points to Further Gains

The outlook for GBP/USD has brightened after a breach of key resistance Wednesday. The Brexit Bill completed its passage through Parliament and will now become law.

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Euro May Fall as the ECB Stays Cautious Despite Economic Upturn

The Euro may fall as the ECB maintains a cautious tone despite recently improving economic conditions. Details of its upcoming policy review will be closely watched.

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Wednesday, 22 January 2020

Crude Oil Price Down on Coronavirus Worries, US Stocks Drop

Crude oil prices continued to fall victim to the weaker risk appetite evident as investors watched headlines for news of the coronavirus. Beijing has taken steps to quarantine the city of Wuhan whe...

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Bullish Gold Price Outlook Mired by Recent Developments in RSI

Recent developments in the Relative Strength Index (RSI) offer a mixed outlook for the price of gold as the oscillator struggles to retain the upward trend from December.

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EUR/USD January Opening Range Casts Bearish Outlook with ECB on Hold

The opening range for 2020 raises the scope for a further decline in EUR/USD as the correction from last year failed to produce a test of the August high (1.1250).

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Australian Dollar Up as Job Creation Surges Again, But Full-Time Roles Fall

The Australian Dollar got a boost as its home country's job-creation machine keeps rolling. However December's 28,900 new jobs were solely accounted for by part-time positions.

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USD/CAD, GBP/CAD, AUD/CAD Rates Soar. BoC, BoE Next Rate Move Eyed

The Canadian Dollar weakened as USD/CAD, AUD/CAD and GBP/CAD rose on a dovish BoC. The British Pound gained as upbeat UK business confidence cooled Bank of England rate cut bets.

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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...