EUR/USD Drops as Eurozone PMI Crash Signals Severe Recession

Flash Eurozone PMI signals severe recession in the Euro Area, eyes on EU summit for fiscal response.

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British Pound (GBP) Latest: GBP/USD Near-Term Outlook Worsens

The prospects for Sterling have deteriorated after news of a huge sale of UK government bonds, and economic data showing higher than expected UK government borrowing.

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Euro Volatility Likely on EU Leaders Summit, Markit PMI Data

The Euro may experience higher-than-usual volatility ahead of the release of preliminary Markit PMI data for April against the backdrop of a critical EU leaders summit.

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Gold Prices Slip as Risk Appetite Revives, Oil Prices Head Up Again

Gold prices saw some profit-booking on their latest strong gains but the $1700 level looks solid. Crude oil prices continued to climb as more production cuts seem likely.

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Yuan, SGD, IDR, MYR, PHP: China-ASEAN FX Price Trends Since 2008

How might the Chinese Yuan trade against ASEAN FX such as the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using data since the 2008 financial crisis?

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Silver, Palladium Outlook Bearish as Prices Cross Key Threshold

Palladium and silver prices may face heightened liquidation pressure after both precious metals crossed key technical thresholds. What’s ahead for XPD/USD and XAG/USD?

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AUD/USD Threatens Ascending Channel Formation Following RBA Minutes

AUD/USD threatens the upward trending channel from March, with the RSI highlighting a similar dynamic as the oscillator snaps the bullish formation from last month.

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Euro Fell, US Dollar May Rise if Asia Stocks Look Past Wall Street

The Euro sank ahead of today’s EU Summit giving the US Dollar a window of opportunity to trim losses despite gains on Wall Street. S&P 500 futures hint APAC stocks may struggle rising.

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ASX 200 & AUD/USD Forecast: Risk Appetite Essential for Continuation

The Australian Dollar and ASX 200 have bled lower this week as risk appetite took a backseat to apprehensiveness alongside a historic decline in growth-sensitive crude oil.

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US Dollar Two-Week-High, EUR/USD Support Test - FOMC, ECB Next Week

Currency markets have shown some element of calm after an outsized rush of volatility in March. The FOMC and the ECB are on the docket for next week: Will that calm continue?

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USD/CAD Forecast: Canadian Dollar Recovers with Crude Oil Price

USD/CAD slides hard after a rejection at the 1.4200 price level. The Canadian Dollar rebounds as negative crude oil prices turn positive, but the move could quickly reverse if coronavirus concerns ...

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EURGBP Price Outlook - Short-Term Trading Range Forming

This week’s pick-up in EUR/GBP has ground to a halt and the pair are giving back some of their recent gains. Short-term levels of support and resistance remain in place.

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EUR/CHF Outlook: Huge SNB Currency Intervention Slows, Breakout Ahead?

EUR/CHF remains dormant amidst the Coronavirus led recession. However, less SNB intervention may signal a breakout.

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US Dollar May Resume Rise as Covid-19 Darkens Earnings Outlook

The US Dollar is on the defensive as sentiment improves across global financial markets. Incoming corporate earnings reports may sour the mood and revive the currency’s fortunes.

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British Pound (GBP) Latest: Outlook Improves For GBP/USD Despite Oil Crash

The near-term outlook for GBP/USD has improved as risk assets stabilize despite further losses for crude oil prices.

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Crude Oil Prices Slammed Again on Supply Glut, Coronavirus Worries

The weakness seen in near-month crude oil futures contracts has migrated further into the calendar as investors fret likely demand levels in a locked-down world

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Gold Price Levels to Watch amid Correction from 2020 High

The price of bullion may continue to pullback from the yearly high ($1748) as it extends the series of lower highs and lows carried over from the previous week.

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Dow Jones, DAX 30, FTSE 100 Forecast: Long Bets a Sign of Caution?

Rising net long bets in global equities such as the Dow Jones, DAX 30 and FTSE 100 may signal what could be a pessimistic shift in sentiment in the near term.

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Hong Kong Dollar Curbed By HKMA as Covid-19 Measures Weaken USD

The Hong Kong Dollar has been a beneficiary of lower US interest rates. The gains have been apparently too much for the HKMA, which has taken action to weaken to weaken the currency.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and opens the door to violent volatility – and trading opportunities.

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