USD/JPY edges lower as the US Dollar struggles to find direction against the Yen and other major FX peers ahead of a Fed Chair Powell speech expected to comment on negative interest rate policy.
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Tuesday, 12 May 2020
Nikkei 225 Technical Forecast: Bulls Seek Daily Close Above April Peak
The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?
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Gold Prices Build into Bull Pennant - But Can Bears Break Support?
After an enthralling rush of volatility through March, Gold prices have calmed while coiling into a wedge pattern. But is a possible bear trap brewing?
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Dow Jones, Nasdaq 100, S&P 500 Forecast: Is the Rally Unfounded?
The Dow Jones and S&P 500 have slowed their recovery rally in recent days while the Nasdaq 100, fueled by large tech stocks, has pressed higher. Is this sustainable or is the rally unfounded?
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EUR/JPY Races Higher as EUR/USD Maintains Triangle - What's Next for the Euro?
The Euro is no longer the worst performing currency in May, ceding that crown to the British Pound, which remains befallen by hard Brexit fears due to the coronavirus pandemic.
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Sentiment Caught Between Virus Hopes and Fears | Webinar
Trader confidence is stuck in neutral as traders weigh up the positive news that coronavirus lockdowns are being eased against fears that a second outbreak could follow.
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FTSE 100 Outlook: Resistance Eyed as Upside Persists
Upside persists for global equities as FOMO flows support. Key levels to watch as FTSE 100 tests 6000.
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British Pound (GBP) Latest: Range Trading to Persist in GBP/USD, EUR/GBP
GBP/USD and EUR/GBP look set to continue to trade in fairly narrow ranges, pulled one way by the easing of coronavirus restrictions and the other by fears of a second wave of the Covid-19 pandemic.
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US Dollar May Rise on Fed Speak as Global Virus Cases Top 4 Million
The US Dollar may rise if commentary from Fed central bank presidents James Bullard, Neel Kashkari and Patrick Harker spook markets as globally-confirmed Covid-19 cases swell past 4 million.
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Monday, 11 May 2020
Gold Prices Up As Second Wave Covid Worries Stoke Haven Bids
Gold prices got a boost from suspicions that re-opening economies shuttered by coronavirus may not be as linear a process as market optimists might have hoped.
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Euro Forecast: EUR/USD Levels to Watch as April Range Remains in Play
EUR/USD may trade within a more defined range as the decline from the start of the month fails to produce a test of the April low (1.0727).
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Indian Rupee May Struggle as USD/INR Wobbles, Credit Spreads Widen
The Indian Rupee may struggle against the US Dollar as local credit spreads widen and the country struggles with the coronavirus outbreak. Will USD/INR exit its consolidative state?
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Natural Gas Prices Bounce On Hopes For Covid Lockdown Rollback
Natural gas prices have traded higher with other growth-correlated assets since early April, despite the clear threat of a deep global recession.
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NZD/USD Rate Fails to Test April High Ahead of RBNZ Rate Decision
The Reserve Bank of New Zealand (RBNZ) interest rate decision may drag on NZD/USD if the central bank endorses a dovish forward guidance for monetary policy.
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USD/JPY Breakout May Extend, Nasdaq Composite Outpaces Dow Jones
The USD/JPY may extend its rally after the US Dollar soared in a mixed 24 hours for global equities. The tech-heavy Nasdaq Composite outpaced the Dow Jones Industrial Average.
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Nikkei 225 Technical Forecast: Bulls Seek Daily Close Above April Peak
The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?
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BTC Price Outlook: Bitcoin Halving Prompts Crypto Volatility
Bitcoin halving catalyzes wild BTC price swings as crypto traders digest news of an intrinsic change to the number of Bitcoins per block awarded to miners. How has this impacted Bitcoin price outlook?
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Nasdaq 100 Rallies to Fresh Highs as the Dow Deals with Resistance
The Nasdaq 100 has re-entered positive territory for 2020 following a whopping 41% rally from the March lows.
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Canadian Dollar Price Outlook: USD/CAD Battles the Big Figure 1.4000
After a massive move in March, USD/CAD has spent the past month in a bout of mean reversion.
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AUD/USD Price Outlook: US Dollar Reverses on Powell Speculation
AUD/USD price action edges lower as the US Dollar strengthens with Fed Chair Powell expected to comment on negative interest rate policy at a scheduled speech later this week.
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...