Friday, 3 April 2020

British Pound (GBP) Latest: GBP/USD and FTSE 100 Continued Indecision

GBP/USD and the FTSE 100 remain rangebound with little stimulus around to prompt a breakout. The FTSE daily chart is making a bullish short-term set up, but support needs to hold.

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Crude Oil Prices Slip As Doubts Grow Over Saudi, Russia Truce

Crude oil prices saw massive gains in the previous session on hopes that damaging price war might end. A little rethink has set in during Asian hours.

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US Dollar May Rise vs Euro Ahead of NFP and PMI Prints

The US Dollar may rise vs the Euro if NFP and PMI data out of the world’s largest economy sends a flood of capital rushing into the highly-liquid Greenback.

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Thursday, 2 April 2020

US Dollar Funding Stress May Be Checked with Fed FIMA Scheme

The Federal Reserve has made a powerful statement about its commitment to shoring up offshore US Dollar funding markets through the coronavirus spread.

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Indian Rupee May Fall as US Dollar, USD/INR Rise on Virus Cases

The Indian Rupee fell against the US Dollar recently. Indian coronavirus cases risk exponentially growing with manufacturing slowing. USD/INR may rise but it faces fading momentum.

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Australian Dollar Firms Slightly As China Caixin Service PMI Bounces Back

The Australian Dollar remains focused on broad risk sentiment but good news from China's private service economy saw it hold up.

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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

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EUR/USD Rate Grinds Towards 2020 Low Ahead of NFP Report

EUR/USD chips away at the advance from the 2020 low (1.0636), with the exchange rate extending the series of lower highs and lows from earlier this week.

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Canadian Dollar, Crude Oil Gain on Saudi-Russia Output Cut Confusion

The Canadian Dollar rose with crude oil prices in a volatile day as investors navigated around confusion in Russia-Saudi production cut bets. USD/CAD fell but remains in consolidation.

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CAC 40 Price Outlook: French Index Pulls Back from Resistance

The CAC 40 pulled back from resistance this week after briefly breaking above the December 2018 low. Now as risk appetite wanes, price is probing support beneath.

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Oil Surges Higher on Trump Comments

Oil prices surged over 35 percent higher Thursday morning as news of possible production cuts from Russia and Saudi Arabia crossed the wires

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US Dollar Gyrates on Record Breaking Jobless Claims

US weekly jobless claims rose to another record level on Thursday as COVID-19 continues to weigh on the economy

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US Labor Market: Jobless Claims Rise by 6.65 Million

This morning brought the release of initial jobless claims out of the US to the tune of 6648k vs the expectation of 3000k

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Oil Price Outlook: Ravaged Oil Market Needs a Russia - Saudi Arabia Production Deal

US crude oil jumped overnight on news that Russia and Saudi Arabia may announce a production truce to arrest the recent savage sell-off.

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British Pound (GBP) Latest: EUR/GBP Outlook Poor, GBP/USD Stable

While GBP/USD continues to meander close to the 1.24 level, EUR/GBP is sliding, with few signs yet that the trend lower is about to reverse.

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Gold Prices Lower As US Dollar Holds Up Amid Coronavirus Worries

Gold retains a strong underlying bid but is struggling to progress as the US Dollar steals its haven crown. Oil prices have gained on hopes for price war resolution.

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Euro Outlook Shaky After ECB Warns of Sovereign Debt Crisis 2.0

The Euro may be at risk of a market-wide selloff if concerns about financial stability in the Eurozone and the prospect of another credit crisis emerges.

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Wednesday, 1 April 2020

AUD/USD Bear Flag Continues to Take Shape Following RBA Minutes

AUD/USD appears to be stuck in a narrow range, but the rebound from the yearly low (0.5506) may start to unravel as a bear flag formation continues to takes shape.

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Swiss Franc, US Dollar, Yen May Rise on Fear of Maket Closures

Reports that London-based fund managers have discussed long market closures with the Bank of England are unlikely to bear fruit, but that they happened at all may boost already-crowded haven trades.

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Palladium Decline May Be Offset by Virus-Induced Supply Shock

Palladium prices may be in for a bearish correction following its 44 percent rally, though supply shortages from virus-hit mining facilities could mitigate XPD/USD losses.

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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...