Monday, 30 March 2020

British Pound (GBP) Latest: GBP/USD and FTSE 100 Rally Look Vulnerable

Both Sterling and the FSTE 100 are pairing recent gains at the start of the week with little positive news in the press over the weekend to help them sustain last week’s rally.

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EUR/USD Retreat May Accelerate Ahead of Key Confidence Data

The Euro may face accentuated selling pressure if Eurozone consumer, industrial, services and economic confidence data for March underscores deteriorating sentiment.

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Crude Oil Prices Down As Coronavirus, Price War Threaten Glut

Crude oil markets didn’t rise very far when risk appetite revived last week on various coronavirus rescue programs. They’re now back to worrying about the chance of grievous oversupply.

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Sunday, 29 March 2020

Gold Price Levels to Watch Following US Fiscal Stimulus Program

The flight to safety may push the price of gold towards the yearly high ($1704) as market participants look for an alternative to fiat currencies.

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Euro May Rise on ESM, Crude Oil Selloff Deepens on OPEC Price War

The Euro may rise on the use of the ESM while crude oil prices continue to suffer from the OPEC price war as an emerging market credit downgrade sends an alarming message.

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The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

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NZD/USD Rate Outlook Clouded by Bear Flag Formation

NZD/USD continues to retrace the sharp decline from earlier this month, but the rebound may end up being short lived as a bear flag formation continues to take shape.

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Australian Dollar May Wilt as Yen and US Dollar Rise in Asia Trade

The Australian Dollar may wilt but can that break the near-term AUD/USD uptrend? Weekend Dow Jones futures hint a “risk-off” tilt that may boost the Japanese Yen and haven-linked US Dollar.

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US Dollar Sinks. Gold Prices, Wall Street Soar on Stimulus. Bottom Found?

The US Dollar tumbled as Wall Street and gold prices outperformed as investors embraced aggressive monetary and fiscal policy stimulus measures. Will this be enough to counter the anticipated slew ...

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Dow Jones and FTSE 100 Forecasts for the Week Ahead

Dow Jones posting a bear market rally? Federal Reserve provides balloons balance sheet. Eyes on further government measures.

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Saturday, 28 March 2020

USD/MXN Outlook: Debt Rating Downgrade May Bring Further Weakness for the Peso

The Mexican Peso has managed to recover some ground against the US Dollar as risk-appetite resumes

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Euro Forecast: More Gains on Way for EUR/USD, EUR/JPY, EUR/CHF?

The Euro was surprisingly firm last week against a range of other major currencies, suggesting resilience in the face of poor economic data and a lack of confidence.

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Gold Prices May Drop as Liquidation Strikes Global Markets Anew

Gold prices soared after the Fed made its QE stimulus effortopen-ended. Renewed liquidation amid the global coronavirus lockdown may weaken them anew.

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US Dollar May Rise if ISM, NFP and PMI Data Spurs Haven Demand

The US Dollar could rise if key ISM, PMI and nonfarm payrolls data causes recession fears to swell and rekindles appetite for the haven-linked Greenback.

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Nasdaq 100, DAX 30, Nikkei 225 Technical Forecasts

Stocks climbed higher last week and reclaimed several key technical levels in the process. Can support hold if selling returns?

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Friday, 27 March 2020

USD/CAD: Canadian Dollar Forecast Post-BOC Emergency Rate Cut

USD/CAD price outlook is mired by a pullback in the broader US Dollar and deeper crash in crude oil. Can the Canadian Dollar prolong its rebound attempt as the Bank of Canada, or BOC, slashes rates?

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Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout

Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market lower.

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Australian Dollar Boosted By Stimulus Hope, Coronavirus Stays in Charge

The Australian Dollar has been lifted from its multi-year lows by hopes that global financial authorities can fend of the worst of the coronavirus‘ effects. The economic data are dire though, and l...

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US Dollar Tanks, S&P 500 Stabilizes as FOMC Counters Coronavirus

It's been a brutal month for the risk-on trade. But a glimmer of hope has shown as the S&P has held on to support with the US Dollar tempering gains.

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Nikkei 225 Forecast for the Week Ahead

The Nikkei 225 has rebounded alongside other equity markets as investors grapple with the unprecedented stimulus packages offered by different governments. Can bulls continue the rally?

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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...