Bulls look to keep trend higher intact after a weak finish Thursday, despite a relatively dovish ECB.
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Thursday, 30 April 2020
CAC 40 Forecast: Index Bleeds Lower Following ECB Meeting
The CAC 40 closed near its session low despite an accommodating attitude from the European Central Bank. Where is it headed next?
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Canadian Dollar Price Outlook: USD/CAD & EUR/CAD Test Support
USD/CAD and EUR/CAD price action respond to critical technical support levels as the Canadian Dollar starts to give back recent gains. Is USD/CAD, EUR/CAD and broader Canadian Dollar primed for a r...
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EUR/USD Stable as ECB Takes Further Action to Boost Eurozone Economy
The European Central Bank has left its interest rates unchanged, as expected, but increased its measures to counter the economic slump caused by Covid-19.
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DAX 30 Outlook: Upside Exhausted, ECB Key for Next Leg
All eyes on ECB as weak Eurozone data places further pressure on Lagarde and Co. to act. DAX Struggling for Direction.
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EUR/USD Remains Under Pressure as Euro-Zone Economic Activity Slumps in Q1
The Euro-Zone economy contracted at a sharper rate than expected data showed, ramping up the pressure on ECB President Christine Lagarde to act further at today’s ECB policy announcement.
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British Pound (GBP) Latest: GBP/USD, FTSE 100 Outlook Still Positive
The recent modest climbs in GBP/USD and London’s FTSE 100 index show no sign yet of reversing as hopes rise of a drug that might help speed recovery from Covid-19.
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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?
Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.
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Gold Prices Drift Lower As Covid Treatment Hopes Lift Market Mood
The gold price slipped in Asia as investors looked with renewed expectation to treatments under test in the United States. Haven assets remain supported by the prognosis that rates will remain low,...
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Wednesday, 29 April 2020
AUD/USD Rate Eyes March High as FOMC Sticks to Dovish Forward Guidance
AUD/USD faces a key test going into May as the exchange rate approaches the March high (0.6685) following the Federal Reserve meeting.
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Japanese Yen May Rise as CLO Market Faces Wave of Credit Downgrades
The Japanese Yen may rise if a tidal wave of credit downgrades in the virus-shaken collateralized loan obligation (CLO) and leveraged loan market put a premium on anti-risk assets.
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Australian Dollar Slide Halts As China PMI Holds Above 50 But Misses Forecast
The Australian Dollar was pressured as comments from Donald Trump on coronavirus retaliation against China hit risk appetite. News that China's manufacturing sector continues to expand steadied it.
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USD/CAD Rate on Track to Snap Monthly Range Following FOMC Meeting
USD/CAD appears to be on track to snap the monthly range following the FOMC meeting as the exchange rate extends the series of lower highs and lows from earlier this week.
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Wall Street, Gold Prices Rise as US Dollar Sinks Despite 2008-Low GDP
Wall Street’s best day in over 3 weeks sunk the haven-linked US Dollar as anti-fiat gold prices rose. A virus drug trial, the Fed and rosy tech earnings overshadowed 11-year-low GDP.
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US Dollar Chart Setups Post-FOMC: DXY Index, EUR/USD & AUD/USD
US Dollar slid further after the FOMC meeting press statement release crossed the wires and as traders digested commentary from Fed Chair Powell. Where is the DXY Index, EUR/USD and AUD/USD price a...
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S&P 500 Price Outlook: Sentiment to be Bolstered by Strong Earnings
Earnings from Microsoft, Facebook and Tesla will play their part in influencing the S&P 500 on Thursday after the three firms reported a series of upbeat results.
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Dow Jones Index Remains near Session Highs on FOMC Rate Decision
The Dow Jones Index remained near session highs Wednesday afternoon as the Fed's FOMC meeting concluded in Washington D.C. leaving rates unchanged, as expected
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Fed Preview: US Dollar, Dow & Gold Performance on FOMC Decision Days
The latest FOMC interest rate decision is due for release today at 18:00 GMT. How have Fed meetings historically impacted performance in the US Dollar, Dow Jones and spot gold?
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US Dollar Gyrates on Sharpest GDP Contraction in Decades
US GDP contracted at the sharpest pace in decades as the COVID-19 pandemic hampered the economy
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Dow Jones, DAX 30, Gold Price Charts to Watch & More
Stocks remain strong and could in the near-term before running into key levels, gold is still working on a consolidation pattern.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....