The Japanese Yen led the way higher while global financial markets swooned as crude oil prices crashed and China published a dismal set of trade statistics.
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Sunday, 8 March 2020
Canadian Dollar Sank, Yen May Gain After Dismal Chinese Trade Data
The Canadian Dollar fell with crude oil prices as the Dow Jones extended losses on coronavirus fears. The Japanese Yen may gain as the week starts after dismal Chinese trade news.
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Dow Jones, Oil Wobble on Virus. Gold Prices, Yen Soar. Fiscal Support Eyed
The Dow Jones gave up most upside progress as emergency easing from the Fed and BoC failed to materially soothe investors. Gold prices and the Japanese Yen soared as crude oil suffered. Amid the co...
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Dow Jones & DAX 30 Forecasts for the Week Ahead
Stocks remain threatened as investors continue to pressure risk assets and growth-linked commodities. With an upcoming ECB meeting, will markets be offered yet another lifeline in the week ahead?
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Saturday, 7 March 2020
USD/MXN Outlook: Dollar Pushes Higher as COVID-19 Causes Flight to Safety
The Mexican Peso continues to lose ground against the US Dollar as risk-aversion continues to drive market sentiment.
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Gold Nears Record High as Yields Collapse & Volatility Rages
Gold price action surged toward all-time highs after notching the biggest weekly gain in nearly a decade. Can the precious metal press higher as interest rates implode or will bullion lose its luster?
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Euro Forecast: Will EUR/USD Rise Further in Week Ahead?
The markets are convinced the ECB will cut Eurozone interest rates Thursday but, with rates so low already, that’s unlikely to weaken EUR/USD.
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US Dollar Fundamental Outlook Mired by Bets for More Fed Rate Cuts
Fresh data prints coming out of the US economy may do little to influence the US Dollar outlook amid overwhelming expectations for another Fed rate cut in March.
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Friday, 6 March 2020
Crude Oil Weekly Forecast: Deal or No Deal - Oil Prices Continue to Slump
Oil remains stuck in bear market territory with prices unlikely to make any sort of rebound until OPEC and its allies agree on substantial output cuts
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Australian Dollar at Mercy of COVID-19 as China's Economy Slows
The AUD continues to be held hostage by the coronavirus as it undermines Chinese demand – the source of Australia’s economic vitality – and destabilizes the global recovery.
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Dow Jones, S&P 500 Forecast: Healthcare Stocks Pop After Super Tuesday
The Dow Jones and S&P 500 are trapped in a series of highly volatile trading sessions that has seen stocks falter. Still, political developments bolstered one sector in an otherwise ugly week.
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Canadian Dollar Outlook: USD/CAD at Highs – Breakdown Brewing?
Spot USD/CAD price action is ping-ponging around a critical technical level, which presents breakout or breakdown potential, as forex traders digest conflicting fundamental developments.
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S&P 500 at the Precipice as Coronavirus Uncertainty Permeates Markets
The S&P 500 put in an early week bounce that could not hold, even with the Federal Reserve announcing an emergency rate cut of 50 basis points. Markets are in disarray ahead of the weekend.
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Oil Prices Sink over 7 percent as OPEC Talks Crumble
Oil sinks over 7 percent as OPEC+ members fail to reach production cut agreement of 1.5 million barrels per day
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February US Non-Farm Payrolls (NFP) Prints at +273k
This morning brought the release of February Non-Farm Payrolls numbers.
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Canadian Labor Market: 30.3k Jobs Added in February Following BOC’s Rate Cut
This morning brought the release of net change in employment out of Canada to the tune of 30.3k vs the expectation of 11k.
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NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility
Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average forex volat...
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US Dollar Dethroned, Japanese Yen Soars as US Rates Implode
Uncertainty remains rife across global equity markets as US yields implodes. Japanese Yen and Euro jump as US Dollar Slides
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EUR/USD Price Soars as US Bond Yields Crumble to Record Lows
The US dollar is getting crushed in early trade and other G7 currencies are soaring against the greenback. EUR/USD continues its march higher as US Treasury yields freefall.
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US Dollar, Gold Price, S&P 500 Outlook: Impact of Emergency Fed Rate Cuts
Federal Reserve Delivers Emergency Rate Cut. How does the S&P 500, US Dollar and Gold Prices Typically Perform?
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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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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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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...