The S&P 500 and Dow Jones finished on a cautious note as coronavirus fears waxed and waned. The US Dollar gained as the S&P 500 recovered most of its near-term losses. Gold prices trimmed declines....
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Sunday, 9 February 2020
Dow Jones, DAX 30 & FTSE 100 Fundamental Forecasts
Global equity markets regained their footing last week as coronavirus fears subsided and risk appetite reemerged. Can equities continue to disregard the impact on economic activity?
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Saturday, 8 February 2020
USD/MXN Outlook: Mexican Peso Defies Fundamentals Ahead of Rate-Cut Decision
The Mexican Peso appreciated a further 1.76% against the US dollar during this past week, but a short-term correction has come into play ahead of next week’s interest rate decision.
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Euro Weekly Price Forecast: Fundamentals, Data Suggest a Terminal Decline
The Euro remains under downside pressure after a week when any short-term bullish sentiment was all but wiped out. Next week’s Euro-Zone and German GDP data may well confirm this bearish breakout.
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Gold Prices Biased Higher with Powell Testimony, US CPI Eyed
Gold prices have found support as assorted would-be headwinds pin down global interest rates. Surprise risk seems to tilt in favor of higher versus lower prices.
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USD Forecast: US Dollar Hinges on Virus Fear, Sentiment & Powell
USD currency traders will likely look to coronavirus headlines, consumer sentiment data and Fed Chair Powell’s congressional testimony for clues on where the US Dollar might head next.
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Crude Oil May Recover on Powell Testimony, Tariff Reduction
Crude oil prices may rise if Fed Chairman Jerome Powell’s congressional testimony and the US-China tariff reduction cool slowdown fears and boost the growth-reliant commodity.
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Friday, 7 February 2020
Australian Dollar May Be Back to Virus-Watch After RBA Boost
The Australian Dollar rose after domestic interest rates were left alone even though the decision had been expected. It’s still under duress though and can’t hope for a similar RBA rescue this week.
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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels
The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.
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Loonie Mixed After Canadian Jobs: CAD/JPY, GBP/CAD & AUD/CAD
Canadian Jobs data briefly lifted the Lonnie this morning, but coronavirus fears weigh on oil prices, helping suppress the CAD
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Sterling Price Outlook: British Pound Slams into Key GBP/USD Support
Sterling plummeted nearly 2% against the Dollar this week with Cable trading just above key support post-NFPs. Here are the levels that matter on the GBP/USD charts.
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Gold Prices Rally, USD/JPY Turns, AUD/USD Sets Fresh Decade Lows
NFP printed with strength in an all-around healthy report. But risk aversion themes have started to show as fears around the spread of coronavirus remain.
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Non Farm Payrolls Beats Expectation: US Dollar Rallies
This morning brought the release of US Non-Farm Payrolls to the tune of 225k vs the expectation of 165k.
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USD, AUD/USD, GBP/USD – Charts for Next Week
The Dollar continues to rise, Aussie probing near decade plus lows and Cable below near-term support that sets it up for lower prices.
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Crude Oil Selloff Deepens; Can NFP Data Dwarf Coronavirus Fears?
Crude oil officially fell into bear market territory last week and is now trading near $50.00 on the novel coronavirus outbreak, but high-impact US jobs data is due for release and could rekindle r...
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EUR/USD Price Slumps Through Support Ahead of US Jobs Data, Chart Remains Weak
Yet more weak German hard data has pulled the rug from under EUR/USD and sent it tumbling through recent stubborn support levels.
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British Pound (GBP) Latest: GBP/USD Eyes US NFPS; Post-Brexit Tariffs to be Slashed?
Sterling (GBP) remains against a resurgent US dollar and trades around support as Europe opens. This afternoon’s US Labor Report (NFP) is Friday’s focal point.
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Thursday, 6 February 2020
US Dollar Outlook Bullish Ahead of Market-Moving Jobs Data
The US Dollar may continue rising along the January uptrend if US nonfarm payrolls data reports a better-than-expected print after the prior sent a chill down the spines of investors.
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Gold Prices Down as Markets Eye Virus Headlines, US Payrolls
Gold is well supported at elevated levels but it inched down on Friday in Asia as the markets looked with hope to upcoming US jobless data.
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The Singapore Dollar and MAS: What is SGD and How to Trade it?
The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...