Australian Dollar at Risk as Markets Eye Third Coronavirus Rate Cut

The Australian Dollar has already seen two RBA interest rate cuts in a month but now markets are looking for a third. If they get it, Aussie rates will be at zero for the first time.

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Canadian Dollar Price Outlook: USD/CAD Coils After Loonie Breakdown

USD/CAD has been a big mover, gaining as much as 10.2% in the month of March. This week, however, saw a range get continually tighter, pointing to breakout potential in the week ahead.

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Dow Jones Technical Forecast for the Week Ahead

The Dow Jones lags the Nasdaq and S&P 500 but has successfully employed nearby trendline support for the time being. Now, bulls will look to use the area as a staging ground to attack higher.

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US Dollar Gyrates on Worse Jobs Report Since 2009

The BLS non-farms payroll report printed -701k for March as COVID-19 drags the US economc towards recession

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USD, USD/CAD, EUR/USD & More: Charts for Next Week

Today we looked at a few charts that could unfold in the week ahead, as well as potential scenarios that might not play out next week but worth keeping tabs on.

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EUR/USD Price Trades sub-1.0800 After Shocking Final PMI Data

The latest IHS Markit PMI data suggests that the Eurozone economy is contracting at an annualized rate around 10% and this is likely to worsen in the coming months.

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Trading the Non-Farm Payrolls (NFP) After Worst Jobless Claims Ever

Alarm bells ringing after worst US jobless claims on record. Calm before the NFP storm in the months ahead.

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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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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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