The Dollar has surged 3.4% off the January low against the Yen with USD/JPY breaking to fresh yearly highs. Here are the levels that matter on the USD/JPY weekly chart.
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Wednesday, 19 February 2020
Dow Jones, S&P 500 Price Outlook: Prior Records to Act as Support
Despite a lackluster fundamental backdrop, stocks have continued to drive higher. Establishing new records frequently, the Dow Jones and S&P 500 can look to prior peaks as support moving forward.
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USD/MXN: Can Mexican Peso Rally Last Amid US Dollar Dominance?
A surging Mexican Peso has pushed USD/MXN price action nearly two percent lower so far this year despite broader US Dollar dominance, but can the downtrend in spot USD/MXN continue?
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Canadian Dollar Price Outlook: Loonie Presses USD/CAD Towards Support
Canadian Dollar has been building on last week’s reversal with price now targeting trend support. Here are the trade levels that matter on the USD/CAD technical charts.
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Manic Macro: USD/JPY Breaks Out, Gold Toes the Line, Oil Bulls Return
Gold prices are testing almost seven-year-highs and buyers have begun to return to Oil markets as a bit of optimism/hope has shown around Coronavirus.
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Dow Jones, Crude Oil, Silver Price Outlook & More
Stocks continue hang out near record highs, no reason to be bearish with prices pointed upward, crude oil recovery may continue, silver starting to break out and try and catch up to gold.
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Crude Oil Price Outlook Brightens, Trending Higher
The price of US crude oil (WTI) is continuing to trend higher and further gains now look likely on hopes that the coronavirus impact on global demand will be less than once feared.
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Gold Price Outlook: XAU/USD Probes a Seven-Year High - More to Go?
The price of gold broke out of a bullish technical set-up and nears levels last seen in March 2013. If nearby resistance is broken convincingly, then the rally may have further to run.
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British Pound (GBP), FTSE 100 Latest: Optimism Returns to London Stocks
GBP/USD has eased back to the 1.30 level while the FTSE 100 is trending higher as traders hope the coronavirus outbreak may be close to peaking.
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GBP/USD Outlook Gloomy Ahead of FOMC Minutes, UK CPI Data
The British Pound may fall against the US Dollar if UK CPI data underwhelms. GBP/USD’s decline may be amplified if the FOMC minutes reveal an unexpectedly hawkish Fed.
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Tuesday, 18 February 2020
Crude Oil Up as Risk Appetite Recovers, Production Cut Hopes Help
Crude oil prices bounced back from the previous session’s Apple-inspired retreat. Coronavirus headlines still dominate but the market still think supply will be meaningfully reduced.
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USD/CAD Outlook Bearish, EUR/USD Forecast Bullish on Positioning
USD/CAD may extend declines while EUR/USD turns higher based on trader positioning signals. What is the outlook for the Canadian Dollar and Euro incorporating IG Client Sentiment?
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Palldium, Silver Price Outlook Bullish After Upside Breakout
The outlook for silver prices and palladium has brightened after both precious metals spiked and broke key technical levels. Is a resumption of the prior uptrend up next?
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US Dollar Uptrend May Prolong, Yen Gains as Equities Fall Globally
The US Dollar rally may extend on technical signals. The Japanese Yen rose with gold prices as coronavirus fears sank equities across the globe, leaving investors on the edge again.
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Nasdaq 100 Forecast: Coronavirus Hamstrings Earnings and Trade, Stocks Climb
As corporations begin to adjust earnings expectations in light of the coronavirus, global growth and trade have already started to sputter yet stocks climb. What is driving them higher?
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US Dollar Forecast: USD/CAD Eyes FOMC Minutes & Canadian CPI
The US Dollar has potential to extend its advance as USD/CAD resumes its climb ahead of January Fed meeting minutes and Canadian inflation data due for release during Wednesday's trading session.
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S&P 500 Drops on Renewed Coronavirus Fears, Apple Revenue Downgrade
The Coronavirus remains a key theme in markets since first emerging in China’s Hubei province back in December.
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Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD
The Australian Dollar is in a tough spot as the coronavirus continues to weigh on economic activity in China – a key export market of Australia. Here are the levels to watch.
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Oil Price Outlook: Crude Slips into Support– WTI Trade Levels
Oil fell more than 2.7% early in the week but relief may be in sight as crude defends uptrend support. Here are the trade levels that matter on the WTI technical charts.
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EURUSD Begins to Fill Gap as Retail Tries to Call Euro Bottom
It's been a brutal month for the Euro, and retail traders are still trying to call a bottom in the single currency.
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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 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....