Mexican Peso Price Drops on Fitch Downgrade, Australian Dollar at Risk

The Mexican Peso sank as Fitch downgraded Mexico’s credit rating, USD/MXN rose towards resistance. The Australian Dollar may fall with stocks. also facing a local jobs report.

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S&P 500 Sinks on Earnings as Oil Price Flops, US Dollar Jumps

The S&P 500 Index takes a spill as coronavirus-battered earnings and plunging oil prices spook investors, but the US Dollar climbs higher owing to the return of risk aversion and safe-haven flows.

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DAX 30 Price Outlook: Index Bleeds Lower but Remains Above Support

The DAX 30 fell on Wednesday as risk appetite waned and earlier gains were forfeited. Now the index is nearing support that has helped to keep price afloat before. What next?

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BOC Rate Decision: What Does it Mean for USD/CAD?

This morning brought the BOC rate decision to the tune of 0.25% vs the expectation of 0.25%.

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Dow Jones, DAX 30, Oil Technical Outlook & More

The U.S. market recovery continues with guides to watch, same with the DAX, oil on the other hand is weak but could use some time for clarity.

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EUR/USD Price Outlook: Recent Pullback Looks Unconvincing

The latest EUR/USD pullback off its April low is coming under increasing pressure as the medium-term moving average proves difficult to overcome.

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Mexican Peso Latest: USD/MXN Price Soars, Recent Highs Maybe Under Threat

The USD/MXN price broke over 2% higher in early turnover as risk-adverse investors sought the safety of the US dollar once again. Recent high prints in the pair may now come under pressure.

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S&P 500 Outlook: Peak in VIX Does Not Mean Equity Market Bottom

S&P 500 dismisses ominous IMF report. However, risk barometer fails to confirm market rebound leaving index vulnerable.

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British Pound (GBP) Latest: GBP/USD Price Topping Out

The strong rally in GBP/USD, in place since late March, looks to be running out of steam as the US Dollar stabilizes following its recent losses.

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US Dollar May Rise on Retail Sales Data After IMF Warning

The haven-linked US Dollar may rise if retail sales data out of the world’s largest economy unnerves investors after the IMF’s chilling message.

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Crude Oil Prices Pare Gains As Coronavirus Recession Fears Bite

The oil markets have seen huge production cuts agreed this week but even they can’t support a market in which demand is under such threat.

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EUR/USD Rate Recovery Brings Monthly High on Radar

EUR/USD has reversed course following the failed attempt to test the 2020 low (1.0636), with the monthly high (1.1039) now on the radar.

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Dow Jones, DAX 30, CAC 40 Outlook: Short Bets May Keep Prices Lifted

Rising short exposure may have contributed to recent gains in global equities such as the Dow Jones, DAX 30 and CAC 40. If this trend persists, prices could remain lifted.

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Stock Markets Rise Even As Coronavirus Remains Unconquered. Why?

Many stock markets have staged impressive comebacks since the end of March despite there being no obvious good news to cheer.

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AUD/USD Rate Correction to Face Australia Employment Report

Fresh developments coming out of Australia may rattle the recent correction in AUD/USD as the economy is expected to shed 30.0K jobs in March.

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British Pound Gains, US Dollar Sinks Despite IMF and Bank Warnings

The British Pound rose as the US Dollar sank, extending the GBP/USD uptrend towards key resistance. Wall Street climbed as investors brushed aside warnings from the IMF and US banks.

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S&P 500 Finishes Higher as Bank Earnings Underwhelm Start to Earnings Season

The S&P 500 Index finished over 3 percent higher Tuesday after JP Morgan and Wells Fargo reported weak earnings and massive reserve builds as they anticipate weak economic conditions in the months ...

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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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