The New Zealand Dollar plummeted vs the anti-risk Japanese Yen after the RBNZ and Federal Reserve both announced aggressive rate cuts amid global financial instability.
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Sunday, 15 March 2020
US Dollar Falls After Fed Cuts Rates to Zero and Launches QE
The US Dollar fell after the Federal Reserve slashed interest rates to zero and launched a $700 billion quantitative easing (QE) program to counter the impact of the coronavirus.
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Japanese Yen, US Dollar, New Zealand Dollar May Gap on Pandemic Woes
The Japanese Yen and US Dollar may rise as the New Zealand Dollar falls at market open. Weekend stock futures are pointing notably lower and the RBNZ delivered an emergency 75-bp rate cut.
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US Dollar Soars, Wall Street Confirms Bear Market, Gold Prices Drop. What Now?
The US Dollar took its role as a safe haven in an emotional week as Wall Street entered a bear market with gold prices plunging the most since 2011. All eyes next week are on a U.S. fiscal package,...
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Dow Jones and DAX 30 Forecast for the Week Ahead
History-making volatility across global stock markets. Eyes turn to Fed decision, while German ZEW to confirm recession.
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USD/MXN Forecast: US Dollar vs Mexican Peso- Coronavirus Surge Stalls
Mexican Peso marked the fourth weekly decline vs the Dollar with price settling well off fresh record highs. Here are the levels that matter on the USD/MXN weekly chart.
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Saturday, 14 March 2020
Euro Forecast: Outlook for EUR/USD Turns Bearish
Last week’s failure by the ECB to cut Eurozone interest rates as most traders and analysts had expected has led to a steep drop in EUR/USD and turned the outlook from positive to negative.
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Gold Price Outlook Hinges on Federal Reserve Meeting
Speculation for lower US interest rates may curb the recent pullback in the price of gold as the Federal Reserve is widely expected to deliver another rate cut in March.
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US Dollar (USD) Forecast: Fed Boosts Liquidity, Expected to Slash Rates Again Next Week
The ‘V-shaped’ recovery in the US dollar continues despite the Fed announcing a massive USD1.5 trillion liquidity pump on Thursday to arrest a further breakdown in the financial system. Next week, ...
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Dow Jones, DAX 30 Technical Forecasts: Major Trendlines in Focus
Global stock markets crashed last week, falling into bear market territory and piercing various levels of technical support. Now, the major markets stand at extremes. Can support hold?
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Crude Oil Analysis: FOMC, OPEC Price War, Coronavirus in Focus
Crude oil prices will have to a digest a plethora of volatility-inducing catalysts in the week ahead including the FOMC rate decision, covid-19 pandemic and an ongoing OPEC-Russia price war.
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Friday, 13 March 2020
VIX ‘Fear-Gauge’ Hits Crisis Highs Amid Cross-Asset Volatility Explosion
The VIX Index recorded its highest weekly close since 2008 amid the global financial crisis. What are cross-asset volatility benchmarks suggesting about the market's next move?
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USDCAD Lifts on Emergency Bank of Canada Rate Cut
In response to the now global coronavirus pandemic, the BOC enacted an emergency rate cut of 50 basis points
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S&P 500 Price Outlook: Index Tests Trendline Extremes in Bear Market
After plummeting into a bear market in the second week of March, the S&P 500 lies vulnerable near a supportive trendline that has held since the end of the last bear market in 2009.
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Market Cycles | Phases, Stages, and Common Characteristics
Markets have been cycling since the beginning of time and will continue to do so for as long as they exist; in this piece a blueprint is laid out for how these occur and signposts to watch.
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US Dollar Gyrates on Downbeat Consumer Sentiment, Virus Injects Worry
The US Dollar gyrated this morning as the University of Michigan Consumer Sentiment showed virus fears are taking a toll on consumer expectations for the economy
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Dow, S&P Bounce from Key Supports: Can Buyers Hold the Bid?
Both the Dow and S&P ran into key areas of confluent support overnight, and already a robust rally has shown. But is this short-cover ahead of the weekend or the start of a new theme?
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EUR/USD Price Action Currently Battling a Bearish Trend, Bond Yields Remain Elevated
EUR/USD traded in a 280+ pip range yesterday around the latest ECB meeting. Higher Eurozone government bond yields are trying to support the Euro today, but the daily chart looks ominous.
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Gold Prices Fall with Stocks as Investors Flee to Cash, UofM Eyed
Gold prices fell with stocks amid liquidation across global assets. Markets are attempting to stabilize but US consumer confidence data may sour the mood anew.
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USD May Rise if Sentiment Data Spurs Demand for Havens
The US Dollar may prosper against its G10 counterparts if consumer sentiment data for March spooks markets, amplifies liquidity urgency and boosts demand for the world’s reserve 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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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....