Wednesday, 5 February 2020

British Pound (GBP), FTSE 100 Latest: China Stimulus Brings Markets Hope

GBP/USD and the FTSE 100 are steadying after their recent weakness on the coronavirus outbreak, and Chinese measures to stimulate its economy are alleviating concerns, potentially helping their rec...

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Euro May Rise on Retail Sales as Traders Eye Key Debt Release

The Euro may rise on retail sales data for the holiday-packed month of December with eyes on the European Commission’s release of a paper on revising debt rules in the Eurozone.

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Tuesday, 4 February 2020

Gold Prices Higher on Virus Fears Despite Asian Stock Gains

Gold prices’ underlying haven bid remained strong through Wednesday’s session despite some cheer for riskier assets generated by hopes for more Chinese stimulus.

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US Dollar Positioning Outlook: USD/CAD and NZD/USD Trends Analyzed

The US Dollar may rise against the Canadian Dollar and New Zealand Dollar based on trader positioning signals as USD/CAD short bets accumulate and NZD/USD long bets increase.

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Singapore Dollar at Risk, USD/SGD Soars as MAS Brings Up Coronavirus

The Singapore Dollar fell against the US Dollar as USD/SGD rose after the MAS hinted a more-dovish tilt on concerns that the coronavirus could dent local growth as China’s economy slows.

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Bitcoin Forecast: Key BTC/USD Levels to Watch

BTC/USD has rallied over 30 percent year-to-date, but recent price action shows upside momentum is fading as it approaches what could be a trend-defining intersection.

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New Zealand Dollar, NZD/USD Outlook May Shift Bullish as Yen Sinks

The New Zealand Dollar outlook may shift bullish as NZD/USD spawns a reversal formation. The Yen sank as the S&P 500 rose on cooling Wuhan virus fears and the Fed injecting liquidity.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Bounce Off Support - What's Next?

The Australian Dollar rallied off support on Tuesday as resurgent risk appetite and an uneventful RBA rate decision worked to boost the growth-sensitive currency. Can it tackle resistance?

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Bitcoin Price Outlook: BTC/USD Rally Falters- Crypto Trade Levels

Bitcoin is trading just below resistance after rallying more than 40% off the yearly lows- bulls at risk. Here are the levels that matter on the BTC/USD technical chart.

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US Dollar Jumps, GBP/USD Crumbles and Crude Oil Sets a Fresh Low

After an aggressive sell-off to finish January, USD bulls have come back; helping GBP/USD to crater down to the 1.3000 psychological level.

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Global Indices Bid, USD, Gold & Oil Stabilize, Tesla Shorts Incinerated - US Market Open

A risk-on tone pre-US market open with global indices all in positive territory. Gold, oil and the US dollar remain calm, while Tesla (TSLA) short sellers continue to lose billions of US dollars.

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Demand for Havens Wanes as Sentiment Picks Up | Webinar

Trader confidence has picked up as market fears about the coronavirus have waned, leading to demand for riskier assets and less demand for safe havens.

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Euro & Pound Pairs – Forex Analysis & Charts

The Euro looks vulnerable to more losses after yesterday, sterling is holding onto support versus the dollar and yen, but may not be for long.

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Gold Price Testing Support as US Dollar Strength Trumps Coronavirus Fears For Now

Gold has slipped back off its recent highs as renewed US dollar strength outweighs the coronavirus fears. The Chinese flu however continues to take its toll.

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British Pound (GBP) Latest: Outlook Bleak as Brexit Slide Continues

GBP/USD weakness, and EUR/GBP strength, will likely persist as the UK and the EU take hardline positions ahead of Brexit negotiations that begin soon.

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Iron Ore Price Analysis: Hammered Into Resistance as Coronavirus Fears Spread Further

Iron ore was hammered Monday as Chinese markets re-opened, bringing a huge wave of sellers. Fears that the Chinese coronavirus will hit global growth hard saw iron prices hit a near three-month low.

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US Dollar Outlook Bullish Ahead of State of the Union Address

The US Dollar may rise on President Donald Trump’s State of the Union address if he alludes to expansionary fiscal policies and pours cold water on inflamed 2020 Fed rate cut bets.

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Monday, 3 February 2020

Crude Oil Gains as Risk Appetite Revives, Production Cuts Possible

Crude oil prices got a lift both from a generally better tone for pro-cyclical assets and from reports that traditional producers might reduce production in response to coronavirus.

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Dollar Soars as SGD, MYR and IDR Drop on China Woes, Can it Sustain?

The US Dollar rose against the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit on coronavirus fears. What is the road ahead for USD/SGD, USD/IDR, USD/MYR and USD/PHP?

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Australian Dollar Gains As RBA Leaves Interest Rates On Hold, As Expected

The Australian Dollar rose as the RBA left interest rates alone for another month. The chance of a rate cut in February had been progressively priced out by markets beforehand.

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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...