The US Dollar is being pulled in opposite directions as the appeal of its unrivaled liquidity clashes with swelling Fed rate cut bets amid increasing turmoil market-wide.
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Saturday, 1 February 2020
Crude Oil Selloff Deepens; Can NFP Data Dwarf Coronavirus Fears?
Crude oil officially fell into bear market territory last week after sinking another 5% on the novel coronavirus outbreak, but high-impact US jobs data is due for release and could rekindle risk ap...
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Friday, 31 January 2020
Australian Dollar May See Some Virus Respite if RBA Can Stay Upbeat
The Australian Dollar is under plenty of fundamental pressure as coronavirus fears drains support from all risk-correlated assets. While this dynamic will endure, Australia’s central bank may buy A...
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Crude Oil and Copper Sink as Coronavirus Rekindles Global Growth Fears
Crude oil and copper reacted violently on coronavirus fears, but the brewing international health scare may reflect a broader return of market volatility and global growth fears.
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Impact of Virus Outbreaks: S&P 500, Gold, Oil and Currency Analysis
Coronavirus has rattled financial markets. We look at previous virus outbreaks to gauge its potential impact on the S&P 500, Gold, Oil and Currencies.
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Bitcoin Price Rally Stalls at Resistance, Will it Reverse?
Bitcoin has enjoyed a bullish beginning to 2020, reclaiming key technical barriers. Stalling at a Fibonacci level, can the coin press higher? Or will it reverse?
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WTI Crude Oil Tests Critical Support Zone: Can Oil Bulls Hold the Lows?
The month started with strength but soon turned into incredible pain for oil bulls, and WTI crude oil prices have now lost as much as 21.8% to kick off 2020.
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EUR/GBP Price Continues to Pressure Short-Term Support
EUR/GBP has just touched a fresh six-week low as the fortunes of the two currencies diverge further. The British Pound is buoyed by yesterday’s BOE call while the Euro is rattled by weak economic d...
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US Dollar Slides as Chicago PMI Points to Continued Manufacturing Decline
Chicago PMI disappointed this morning, printing a reading of 42.9, the lowest reading since 2015
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US Dollar Suffers, EUR/USD & GBP/USD Rise on Brexit Day - US Market Open
Month-end rebalancing contributes to US Dollar selling with the Euro and the Pound the main beneficiaries.
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AUD/USD At Major Level On US Core PCE
This morning brought the release of US Core PCE data for the month of December to the tune of 1.60% vs the expectation of 1.60%
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GBP/USD, AUD/USD, USD/JPY – Charts for Next Week & More
Heading into next week Cable is ready for a breakout, Aussie trading around a major support level, and the Yen slowly rising up to resistance versus the Dollar.
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S&P 500 & Dow Jones Forecast: Fed Balance Sheet Key to Outlook
Coronavirus fears drive risk off sentiment. However, Federal Reserves balance sheet is key to the outlook for the S&P 500 & Dow Jones.
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EUR/USD Latest: Eurozone Economy Slows as Inflation Weakens Even Further
EURUSD struggles to find buyer support as Eurozone data continues to show signs of weakness in the economy
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British Pound Latest: Sterling (GBP) Price Rally as The UK Leaves The EU
Sterling opens the session on a positive note, taking heart from the BOE decision yesterday to keep UK rates unchanged. And tonight, the UK finally leaves the EU after three-and-a-half years of wra...
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Euro, DAX May Rise on Eurozone GDP Data as Growth Stabilizes
The Euro may rise with Germany’s DAX equity index as economic data continues to show signs of regional stabilization despite coronavirus fears.
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Thursday, 30 January 2020
Crude Oil Prices Gain as WHO Stops Short Of Advising Travel Ban
Crude oil prices crept higher in the Asian session as, despite declaring the spread of coronavirus a global emergency, the World Health Organization did not recommend draconian travel restrictions.
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Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit
The spread of coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable.
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Australian Dollar Unphased by China PMI as AUD Eyes Coronavirus
The Australian Dollar shrugged at the release of Chinese PMI data as the cycle-sensitive currency focuses on the coronavirus and the impact it has on Asia – the primary destination of Australia’s c...
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GBP/USD Soars on BoE, Yen at Risk After WHO Coronavirus Conference
The British Pound and GBP/USD soared after the Bank of England left rates unchanged. S&P 500 futures hint the Yen may fall after the WHO coronavirus conference calmed markets.
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Posts (Atom)
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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....