Trader confidence in stocks continues to show no indication of an improvement, making calling a bottom highly risky. However, currencies are providing opportunities to take advantage of market vola...
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Tuesday, 17 March 2020
US Dollar Surges on Funding Market Distress Signal: Risk of Explosive Breakout
Distress signals in funding market as cross currency basis swaps widen to Eurozone debt crisis levels.
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EUR/USD Price Slides After Eurozone and German Sentiment Crashes
The latest Eurozone and German ZEW sentiment data paint an increasingly worrying picture for the single-block as sentiment readings plummet.
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Gold Price Outlook: Are Gold Prices Still a Safe-Haven?
Is gold losing its safe-haven appeal? As the economy looks set to fall into a recession, gold has not escaped the panic selling.
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British Pound (GBP) Latest: EUR/GBP Advance Set to Continue
Strength in EUR/GBP and weakness in GBP/USD, the FTSE 100 and Gilts suggest further losses to come for Sterling assets.
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EUR/USD Braces For ZEW Data, Retail Sales as Virus Sours Sentiment
EUR/USD may fall if German ZEW survey data and US retail sales show consumer optimism and spending patterns have been infected by panic surrounding the coronavirus pandemic.
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Gold Prices Slide Again As Coronavirus Prompts Cash Raising
Gold prices have continued to slide on Tuesday despite the long cloud cast by the coronavirus as some investors opt to hold cash instead.
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Monday, 16 March 2020
USD/CAD Rate Outlook Mired by RSI Divergence
USD/CAD may face a larger pullback over the coming days as the exchange rate appears to be deviating with the Relative Strength Index (RSI).
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NZD Gains as Markets Applaud Fiscal Coronavirus Response
The New Zealand Dollar gained despite record low local interest rates as the government announced a broad sweep of fiscal measures aimed at limiting the virus’ economic effects
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NZD/USD Outlook Clouded with Mixed Signals Following RBNZ Rate Cut
NZD/USD pares the decline following the RBNZ rate cut, but the exchange rate may continue to carve a series of lower highs and lows as the RSI sits in oversold territory.
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AUD/USD Fast Approaching 2008 Bottom With US Recession Possible
The Australian Dollar is fast approaching the 2008 bottom after another worst day on Wall Street since 1987. Trump hinted a recession may be due with the virus relief bill in focus.
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US Dollar Whipsaws on Fed Virus Response – USD Trade Levels
The US Dollar tumbled after another emergency Fed rate cut and QE package, but USD price action climbed notably off session lows amid the worsening coronavirus pandemic.
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Stocks Suffer Second Largest Decline in History as VIX Extends Higher
The US equity market suffered its second worst decline in history on Monday as the Dow Jones, Nasdaq and S&P 500 decline more than -12% a piece. Still, volatility looks to persist.
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Recession Risk Intensifies as Crude Crashes & Coronavirus Festers
Recession risk could be ratcheting even higher after the price of crude oil crashed over 20% in a single day, which is likely exacerbating economic stress initially sparked by coronavirus concerns.
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Crude Oil Price Climbs off the Lows but Recovery Remains Unlikely
Crude oil moved off the lows on Monday as the United States looks to purchase large quantities of the commodity for storage in the country’s strategic reserve, but a larger recovery is unlikely.
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AUD/JPY: Eyes on Breakout Levels - Australian Dollar vs JPY Price Forecast
Last week, AUD/JPY declined to its lowest level in over a decade and this week the story does not look much different. Here are the levels and signals traders should keep in focus.
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USD/MXN Price Rips to All-Time High as Mexican Peso Collapses
USD/MXN just exploded to a record high above the 23.000 handle as the Mexican Peso depreciates at its fastest rate against the US Dollar since October 2008.
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Dow, S&P to Support as FOMC Launches a Bazooka – But Will it Work?
Global markets remain in panic mode and the Federal Reserve just launched another batch of emergency measures that, as yet, have failed to calm traders' nerves.
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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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Dow Jones, S&P 500, Nasdaq 100 Collapse, Recession Risks Soar
Global equity markets are in freefall, despite the central banks best efforts to stem the panic selling.
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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 ...