Wednesday, 29 April 2020

USD/MXN - Mexican Peso vs US Dollar, Peso at a Turning Point?

Mexican Peso pushes as risk sentiment improves, while month-end USD selling also adds to Peso gains.

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USD/CAD Price Nears Support Ahead of FOMC Meeting, US Q1 GDP

The recent USD/CAD sell-off continues with a series of lower highs driving sentiment. Near-term support is close but today’s FOMC meeting is likely to decide the next move for USD/CAD.

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British Pound (GBP) Latest: Wave of Optimism Boosts GBP/USD, FTSE 100

GBP/USD and the FTSE 100 are both benefiting from an easing of coronavirus lockdowns, hopes the epidemic may be near its peak and a rally in risk assets generally.

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US Dollar May Rise on FOMC, Virus-Shaken US GDP Data

The US Dollar may rise if the FOMC rate decision and US GDP data put a premium on haven-linked assets amid concerns of a deep and prolonged virus-induced recession.

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Tuesday, 28 April 2020

Crude Oil Prices Rise With Risk Appetite As Markets Hope for Dovish Fed

Crude oil prices got a lift as financial markets in general felt a little better. Coronavirus lockdowns are being rolled back and heavy stimulus is in place

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Gold Price Outlook Hinges on Federal Reserve Interest Rate Decision

The Federal Reserve interest rate decision may influence the price of gold over the coming days as the central bank relies on its balance sheet to support the US economy.

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Dow Jones, FTSE 100, DAX 30 Outlook: Retail Investors Selling Again?

Short exposure to stock indexes such as the Dow Jones, FTSE 100 and DAX 30 has been rising and they have been slowly climbing. What is the contrarian outlook from here?

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Australian Dollar Ticks Up As Inflation Rises, Virus likely Blunts Impact

The Australian Dollar gained a little on news that consumer price inflation rose markedly in the first quarter, returning to its target band, even though interest rates are likely stuck at low levels.

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NZD/USD April Range Intact as New Zealand Eases Nationwide Lockdown

NZD/USD may face range-bound conditions going into May as it reverses course ahead of the monthly low (0.5843) and extends the rebound from the previous week.

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Japanese Yen Breakout Versus US Dollar in Focus as Stocks Wobbled

The Japanese Yen may be breaking out against the US Dollar after almost a month of consolidation. This follows a rather choppy session for global equities as Wall Street fell.

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AUD/USD Climbs, US Dollar Drops Ahead of the Fed & GDP Data

US Dollar has dropped over the last three-consecutive trading sessions as market participants pressure the DXY Index. Can AUD/USD price action extend recent gains with the Fed and US GDP data on deck?

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Dow Jones Price Outlook: High-Profile Earnings Highlight Coronavirus Impact

A series of high-profile earnings results from Alphabet, AMD, and Ford were reported on Tuesday with a varying degree of impact from coronavirus.

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Canadian Dollar Price Outlook: USD/CAD Snaps Back, Will Bears React?

USD/CAD fell back-below the 1.4000 marker this morning, and has since checked back to prior support for potential resistance.

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Russell 2000 & Mid-Cap Stocks Surge on Fed Policy Tweak, VIX Falls

The Russell 2000, a mid-cap equity index, is now outperforming other popular stock market benchmarks like the S&P 500, Dow Jones and Nasdaq. Will major Fed policy toolkit changes keep bolstering th...

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Nasdaq 100 Price Outlook: Levels to Watch Ahead of Big-Tech Earnings

Some of the biggest technology names are scheduled to report their quarterly earnings this week, a string of events that could spark price volatility for the tech-heavy Nasdaq 100.

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US Dollar Remains Pressured on Record Consumer Confidence Drop

Despite the sharp drop in consumer confidence Tuesday morning, the US Dollar remains under pressure as plans for reopening the global economy come into focus.

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US Dollar Suffers, Australian Dollar and Japanese Yen Shine - US Market Open

Global risk sentiment lends support to US equities. Dollar weakness broad-based, while oil remains volatile.

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EUR/USD Price Vulnerable to Central Bank and Data Induced Volatility

EUR/USD volatility is likely to jump over the next two days with the latest FOMC and ECB policy announcements, alongside Q1 GDP data which is expected to show both economies contracting sharply.

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AUD/USD, EUR/USD, Gold Charts & More to Watch

The Aussie recovery looks to have more room to go, the Euro is at a major inflection point worth paying close attention to, while gold tries to stay firm.

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Gold Price Slides on Renewed Risk Appetite, Unable to Break Trend Resistance

The price of gold has dipped further this morning with the uptrend from the March 19 low acting as strong resistance. A short-term series of lower highs dominate price action.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...