Tuesday, 3 March 2020

Japanese Yen Outlook: USD/JPY May Fall Despite Fed Emergency Cut

The Japanese Yen rose and stocks fell despite an emergency Fed 50-bp cut as the Canadian Dollar sank with crude oil. The USD/JPY technical outlook is biased lower with AUD/USD at risk.

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US Dollar Forecast Post-Fed Rate Cut: AUD/USD & USD/CAD Eyed

AUD/USD, USD/CAD and the DXY Index could be at risk of whipsawing after the Fed announced an emergency 0.5% interest rate cut that caused the US Dollar to collapse.

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New Zealand Dollar Forecast: NZD/USD Declines Despite Fed Cut

The New Zealand Dollar is suffering as risk aversion blankets markets as coronavirus fears trump an emergency 50 basis point rate cut from the US Federal Reserve

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XAU/USD: Gold Glistens as FOMC Cuts Rates to Combat Coronavirus

Spot gold (XAU/USD) is skyrocketing on the back of an emergency FOMC interest rate cut, but can gold prices continue climbing amid Fed capitulation in response to the novel coronavirus outbreak?

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Dow Jones, Nasdaq 100, S&P 500 Swing Wildly After Emergency Rate Cut

Stocks swung wildly following an emergency Fed rate cut that marked the first intra-meeting reduction to the Federal Funds rate since Lehman Brothers collapsed in 2008.

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US Dollar, Dow & Gold React as Fed Delivers Shock 50bps Cut

The Fed just delivered an unexpected 0.5% interest rate cut as global central banks step up to the plate to counter the economic toll from the coronavirus outbreak. How are USD, the Dow and Gold re...

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USD/ZAR Rises, South Africa Enters Recession, AUD/USD Jumps on RBA Cut - US Market Open

G7 Finance Ministers and Central Bankers announced that they would close monitor the impact of the coronavirus and act if necessary.

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US Dollar, S&P 500 Attempt to Stabilize from February Funk

A brutal two-week-stretch may soon be nearing resolution following a G7 conference call this morning. Will US stocks continue to recover?

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Market Sentiment Poised on a Knife Edge | Webinar

Market confidence remains fragile as traders decide whether central bank action will be enough to calm fears about the economic impact of the coronavirus outbreak.

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GBP/USD, USD/JPY, NZD/USD Technical Outlook & More

GBP/USD is testing support, USD/JPY at risk of further losses, NZD/USD sitting on a 20-yr trend-line; technical developments were discussed today as well.

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G7 Meeting - Will They Announce Coordinated Interest Rate Cuts?

The Group of Seven (G7) finance ministers are taking part in a conference call today to agree how to tackle the economic effects of the coronavirus. And coordinated interest rate cuts may be on the...

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DAX & FTSE 100 Outlook: Potential Coordinated G7 Action to Curb Coronavirus Impact

G7 Finance Ministers and Central Bankers are planning a call to discuss the coronavirus, which will take place from 1200GMT.

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Gold Price Analysis - XAU/USD Painting an Increasingly Positive Picture

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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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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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...