The price of gold remains just below $1,600/oz. and may well look to push higher with both the fundamental and technical backdrops looking increasingly bullish.
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Tuesday, 3 March 2020
British Pound (GBP), FTSE Latest: London Stocks Rally but Sterling Stranded
Hopes that the world’s central banks and governments will stimulate the global economy to counter the coronavirus are lifting the FTSE 100 but GBP/USD remains stuck close to 1.28.
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Euro May Fall on CPI Data as COVID-19 Stokes ECB Easing Bets
The Euro may fall if local CPI data inflames ECB easing expectations as the coronavirus weakens the already-battered Eurozone economy.
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Crude Oil Slips On Worries G7 Coronavirus Response Will Underwhelm
Crude oil prices were initially buoyed by hopes that major industrial economies would co-ordinate action to mitigate the contagion’s effects. A report suggesting that the ultimate statement may fal...
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Monday, 2 March 2020
US Dollar, USD/MYR May Rise After Bank of Malaysia on Epidemic Woes
The US Dollar and USD/MYR may rise after the Bank of Malaysia cuts rates again. Sentiment risks souring emerging market equities on the coronavirus, pressuring the Malaysian Ringgit.
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EUR/USD Rally Sputters as ECB Prepares to Combat Coronavirus
The recent rally in EUR/USD appears to be sputtering ahead of the yearly high (1.1222) as the ECB shows a greater willingness to combat the coronavirus.
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Australian Dollar Cheers RBA Rate Cut Amid Coronavirus Fears
The Australian Dollar got a surprising lift as the RBA took borrowing costs down to a new record low. The market clearly views this as supportive of growth correlated assets, with more global easin...
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NZD/USD Rate Clears 2019 Low as RSI Sits in Oversold Territory
NZD/USD has failed to retain the range from the second half of 2019, with the exchange rate clearing the October low (0.6204) as the RSI sits in oversold territory.
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Canadian Dollar, USD/CAD at Turning Points as Crude Oil Prices Rally?
The Canadian Dollar and crude oil prices may rise on bets of a global coordinated easing effort from central banks to help support growth that is more at risk to the coronavirus.
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Dow Jones Forecast: Stocks Soar as History Suggests Further Volatility Ahead
The Dow Jones soared more than 5% on Monday after suffering its worst weekly decline since 2008 last week. With prospects of rate cuts and other stimulus, can stocks retain their gains?
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Australian Dollar Price Forecast: AUD/USD Rebounds, but Remains Weak Ahead of RBA
The Australian Dollar has rebounded slightly after falling beneath technical support two weeks ago. Still, a serious continuation higher seems unlikely as growth concerns remain and resistance looms.
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Market Volatility Remains as OECD Warns of GDP Slash G7 Officials Plan Meeting
The market has put in for a recovery to last week’s tumble as reports of a G7 finance minister and central banker summit seeds hope to offset OECD’s warning of recession risk in Europe and Japan.
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Historical Volatility: A Timeline of the Biggest Volatility Cycles
Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.
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Canadian Dollar Price Outlook: USD/CAD Initializes Bullish Break Out
USD/CAD posted a bullish break out last week as it surmounted resistance that had worked to keep the pair contained since August. Now the pair will look to hold above the technical barrier.
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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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GBP/USD, EUR/GBP & FTSE 100 Price Outlook - UK Markets Webinar
Sterling remains under pressure as the coronavirus continues to spread. And this week, the EU and UK will start discussions over their long-term trade relationship.
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British Pound (GBP) Latest: GBP/USD Hammered, FTSE 100 Soars as Central Banks Circle
Sterling has opened the week markedly lower after news that the Bank of England is ready to take all steps needed to protect financial stability. The FTSE meanwhile is bouncing back after last week...
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US Dollar, S&P 500 May Fall on US ISM Data After China PMI Miss
The US Dollar may fall against the anti-risk Japanese Yen and Swiss Franc if US ISM data underwhelms and inflames Fed easing expectations after China’s PMI miss sent investors panicking.
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Sunday, 1 March 2020
Gold Prices Rise As Coronavirus Economic Hit Boosts Stimulus Hopes
Gold prices were higher on Monday despite mounting evidence of the contagion’s terrible effects on the Chinese economy as markets believe that central banks are ready to act.
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AUD/USD Rate Rebound Vulnerable to Hints of Looming RBA Rate Cut
The recent rebound in AUD/USD may prove to be short lived if the RBA shows a greater willingness to implement lower interest rates in 2020.
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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....