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

Crude oil price action is flirting with a breakdown below $20.00 again even though OPEC and its allies just inked a monumental supply cut deal. Will oil continue to fall as demand woes linger?

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Dow Jones Lifts Despite Grim IMF Economic Outlook for 2020

The Dow Jones Index opened higher this morning despite a grim economic outlook report from the IMF showing a recession likely worse than the 2008 fiscal crisis

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US Recession Watch, April 2020 - Recession Odds Artificially Low

The NY Fed Recession Probability indicator only indicates an 18% chance of a recession within the next year. That seems low.

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GBP/JPY, AUD/JPY, CAD/JPY – Japanese Yen Trading Outlook

The Japanese Yen could soon be on the move versus several currencies as extended moves and shallow ranges collide.

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EUR/GBP Price Slide Continues as Support Level Cracks

The month-long sell-off in EUR/GBP continues with bullish signals hard to find. The path of least resistance continues to suggest lower prices ahead.

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Gold Prices Soar to Multi-Year Highs; Potential Drivers For The Next Leg Higher

Gold made a fresh seven-year high today, opening above the $1,703/oz. prior multi-year high. US Q1 earnings start today, and coupled with another dire jobs release expected on Thursday, may see the...

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British Pound (GBP) Latest: GBP/USD Outlook Brighter, Sentiment Improves

Better than expected Chinese trade data have boosted ‘risk-on’ currencies including the British Pound, the Australian Dollar and the New Zealand Dollar.

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Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

The Euro and DAX may fall if the IMF’s economic and financial assessment against the backdrop of the coronavirus inspires a selloff.

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Gold Prices Hit 7-Year Top on Corvid Worries Despite China Trade Beats

Gold prices retained a strong bid as investors fretted the clear and growing economic impact of the contagion. Chinese trade numbers were better than expected but they didn’t lift the mood.

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NZD/USD Rate Forecast: Former Support Zone on the Radar

NZD/USD faces a key test as the exchange rate comes up against the former support zone around 0.6170 (50% expansion) to 0.6230 (38.2% expansion).

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US Dollar Forecast: SGD, IDR, MYR, PHP Eye Earnings Season, China GDP

The US Dollar fell against the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. All eyes are on earnings season, China GDP and the Bank of Indonesia ahead.

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Gold Price Rally to Persist If RSI Pushes Into Overbought Territory

The price of gold may extend the advance from earlier this month if the Relative Strength Index (RSI) pushes into overbought territory.

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Australian Dollar Outlook Eyes Chart Setup, Crude Oil Looks Past OPEC

The Australian Dollar may rise ahead but AUD/USD trades within a bearish chart pattern. Crude oil prices struggled despite historical OPEC+ output cuts. Japanese Yen at risk ahead.

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US Dollar Eyes Coronavirus Impact on S&P 500 Earnings Season

US Dollar edges lower to start the trading week, but with S&P 500 earnings due, will coronavirus concerns resurface and prompt another cash crush that sends USD price action ripping higher?

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Dollar vs Mexican Peso Price Outlook: USD/MXN Breakout High in Place?

An outside-weekly reversal in the Dollar last week threatens a larger Peso recovery this month. Here are the levels that matter on the USD/MXN weekly technical chart.

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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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Weekly US Dollar Forecast: Unpleasant Week Ahead as Stimulus Arrives

The destruction the coronavirus pandemic continues to lay to the US economy will make itself apparent in the coming days.

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US Dollar Scarcity May Endure Despite Fed's Bold Coronavirus Response

The US Dollar suddenly seems scarce amid the coronavirus outbreak. That threatens short-term financing underpinning global supply chains, despite the Fed’s epic efforts.

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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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Euro May Fall if Macron Extends France's Virus Lockdown

The Euro may weaken versus the US Dollar if French President Emmanuel Macron announces an extended virus lockdown. Will other EU states echo his policy measure?

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