The Australian Dollar market was already braced for terrible news from China's private manufacturing sector after last weekend's awful official figures.
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Sunday, 1 March 2020
Dollar May See Haven Demand as USD/SGD, USD/IDR, USD/MYR Rise
The US Dollar outlook remains bullish against the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso as China activity slows to a record on the coronavirus.
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Japanese Yen May Gap Up as AUD/USD Sinks on Record Low China PMI
The Japanese Yen may gap higher at market open as the Australian Dollar sinks after Chinese manufacturing activity shrank by the most on record as coronavirus cases grew outside of the country.
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Dow Jones, Gold Prices Fall as Yen Soars on Virus Fears. Where to Now?
Wall Street saw its worst week since 2008 as coronavirus epidemic fears boosted the Yen. Gold prices struggled as crude oil and the Canadian Dollar declined. Looser credit conditions may be ahead, ...
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Dow Jones and FTSE 100 Forecast for the Week Ahead
Catastrophic losses across global equity markets as the coronavirus hits back with a soaring number of cases outside of China.
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Saturday, 29 February 2020
USD/MXN Outlook: First Two Cases of Coronavirus Confirmed in Mexico
The Mexican Peso came under intense selling pressure as the markets posted their worst week since the financial crisis of 2008.
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Euro Weekly Outlook: Awaiting EU Talks With UK, CPI and Jobs Data
EUR/USD had every reason to fall last week but strengthened instead. That suggests its upward momentum may neutralize fundamental weakness as difficult EU-UK trade talks begin.
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Gold Price Holds Near Yearly High Amid Growing Bets for Fed Rate Cut
The threat posed by the coronavirus may keep the price of gold afloat as the shock to the global supply chain fuels bets for lower interest rates.
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US Dollar Outlook Bullish as COVID-19 Spurs Haven Demand
The US Dollar may rally despite the downward pressure of increasing Fed rate cut bets as the coronavirus resurrects haven demand amid growing fear of a recession.
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Friday, 28 February 2020
Australian Dollar Eyes RBA and GDP But Coronavirus to Dominate
The Australian Dollar faces a packed week of important economic releases, but will even they be enough to shake the market away from the doleful coronavirus headlines?
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Crude Oil Price Outlook: Commodity Falls Deeper into Bear Market
Crude oil fell deeper into a bear market on Friday after suffering a critical break beneath support earlier in the week. With global growth threatened, where is the bottom for crude?
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Gold Prices Suffer Worst Daily Decline Since 2013, Virus Fears Forefront
Gold suffered its worst intraday drop since 2013, dropping over 3.5 percent as coronavirus fears grip markets.
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Stocks Crash as Dow Jones, S&P 500 Erase Months of Gains in Days
Stocks extended their losses on Friday as the Dow Jones and S&P 500 erased months of hard-fought gains in mere days in a rout that is the worst since 2008.
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As S&P 500 Crashes: What Can the Authorities Do to Stop the Bleeding?
The S&P 500 and US benchmark indices are suffering their worst slump since the Great Financial Crisis. As sentiment spreads, what can the authorities due to pull us back from the next panic?
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Canadian Dollar Rises on GDP Beat, Exports Flash Warning
This morning brought the release of GDP out of Canada to the tune of 1.9% vs the expectation of 1.6% YoY
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Dow Jones, USD/CAD, Gold & More: Charts for Next Week
The Dow is in historically oversold territory, USD/CAD working on a breakout, and gold is softening despite major risk-off.
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Coronavirus Impact: S&P 500, DAX, Gold and Crude Oil Outlook
The spread of the Coronavirus has prompted a sharp deterioration in risk appetite. Global equities and oil have plunged, while gold shines
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British Pound (GBP), FTSE Latest: Outlook Bleak For Sterling and Stocks
The British Pound and London stocks are again, unusually, falling in tandem and the long-term outlook is bleak for both although the FTSE 100 is now heavily oversold and due for a near-term bounce ...
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DAX Outlook Grim as Stock Selloff Deepens on Coronavirus Fears
The DAX is at risk of continuing to aggressively decline as part of a broader trend of a selloff in global equities. Eurozone growth prospects continue to darken as COVID-19 spreads.
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Thursday, 27 February 2020
Crude Oil Prices Down as Coronavirus Spread Bites Growth Prospects
Crude oil prices joined all other risk-correlated assets in heading lower after Wall Street’s terrible Thursday. Gold was under a little rate pressure, but the market looks well underpinned.
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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 -...