Crude Oil Prices Rise On OPEC Plus Production Cuts, $30 Still Caps

Crude oil prices have certainly gained on news of the biggest production cut yet proposed, but the coronavirus will keep question marks over demand.

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How Do Politics and Central Banks Impact FX Markets?

Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

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US Dollar Outlook vs SGD, IDR, MYR Hinges on Foreign Exchange Reserves

The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?

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AUD and NZD Down, JPY Up as Markets Eye Coronavirus Earnings Hit

The Australian and New Zealand Dollars fell while the Japanese Yen rose as a new week started with corporate earnings in worried focus and coronavirus still dominating the news cycle.

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Japanese Yen Outlook Bright on IMF World Outlook, Covid-19 Risks

The Japanese Yen may rise if the IMF’s report on the virus-hit global economy sours risk appetite, and the precarious state of credit markets could amplify JPY’s gains.

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Gold Prices May Stay High as 2008 Crisis Cure Bedevils Covid-19 Policy

Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the coronavirus outbreak.

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Canadian Dollar Forecast: USD/CAD Primed for Reversal with Oil

The Canadian Dollar and USD/CAD price action could be due for a reversal as crude oil drops despite an OPEC+ deal and coronavirus recession risk lingers ahead of the Bank of Canada meeting.

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US Dollar, Wall Street, Australian Dollar, China GDP, IMF: Week Ahead

The US Dollar sank and the Australian Dollar rose as the S&P 500 delivered its best week since 1974. More will be revealed about the economic fallout of the coronavirus with earnings season and the...

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Dow Jones and FTSE 100 Forecasts for the Week Ahead

Dow Jones risk rally at risk of fading. Eyes on Chinese GDP with sharp deceleration expected.

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Mexican Peso Outlook Bearish as Virus-Led Recession Risks Swell

The Mexican Peso may face aggressive selling pressure ahead of key US employment data, growing coronavirus cases and the IMF’s outlook on financial stability and the global economy.

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Canadian Dollar Forecast: USD/CAD Primed for Reversal with Oil

The Canadian Dollar and USD/CAD price action could be due for a reversal as crude oil drops despite an OPEC+ deal and coronavirus recession risk lingers ahead of the Bank of Canada meeting.

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Euro Forecast: EUR/USD Outlook Worsens as Aid Talks Accentuate Divisions

Last week’s squabbling between Eurozone finance ministers on how best to mitigate the economic impact of the coronavirus pandemic has weakened the long-term outlook for the Euro.

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Gold Price Rebound May Fizzle on Coronavirus Economic Impact

Gold prices managed a spirited recovery from 2020 lows as the Fed leaned in to keep shaky credit markets from triggering a credit crisis. That may not keep liquidation pressure at bay.

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Australian Dollar Looks Nervously Towards Official Jobless Count

The Australian Dollar has picked up strongly from its March lows but may not be able to maintain altitude this week.

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Gold Prices May Reverse, US Dollar Sinks as Fed Juices Wall Street

Gold prices soared but XAU/USD is at risk to a reversal. The US Dollar sank as Fed stimulus offset ever-dismal economic data. Crude oil prices looked past OPEC+ cuts before Asia trade.

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Oil Forecast: OPEC+ Deal Dwarfed by Crude Oil Demand Woes

Crude oil price action just took a massive 20% spill from intraday highs. Commodity traders raced to hit the sell button considering the drop in global oil demand will likely trump the latest OPEC+...

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Euro at Risk as North-South Political Rift Threatens Financial Stability

The Euro could face another round of aggressive selling pressure as regional policymakers continue to bicker on a unified approach to combating the coronavirus.

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Canadian Dollar Price Outlook: Loonie Drop, USD/CAD Pop to 1.40 Test

USD/CAD has been on an aggressive ride of late, recently building into a descending triangle pattern, that may point to a deeper pullback.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.

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How Do Politics and Central Banks Impact FX Markets?

Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

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