Euro May Fall Ahead of Merkel's Testimony to Bundestag on Covid-19

The Euro may fall ahead of German Chancellor Angela Merkel’s testimony to the Bundestag on updates regarding the Coronavirus and the outlook for lockdown policies.

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GBP/USD Remains Under Pressure as UK Economy Shrinks

UK preliminary Q1 GDP beat market expectations but still showed the largest quarterly contraction since the financial crisis in 2008. The Office for National Statistics (ONS) warned that the second...

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Crude Oil Prices Take Back Losses Despite Second Wave Covid Worries

The crude oil market is slightly torn between fears that the spread of coronavirus will crimp demand for longer than had been thought and suspicions that output will be cut still further.

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The Financial & Trading Skills Index

The DailyFX Global Financial Centres Index (GFCI) reveals data on the mostlucrative and widely available finance and graduate roles in top 20 cities around the world.

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Gold Price Holds Steady Even as Trump Pushes for Negative US Rates

The price of gold may continue to track the April range as plans to gradually restart the advanced economies appear to be restoring investor confidence.

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Dow Jones and S&P 500 Outlook: Will Wall Street Drop Fuel Long Bets?

Will recent declines in the Dow Jones, S&P 500 and Nasdaq Composite materially shift retail investors’ tendency to short equities? How can that impact the outlook for Wall Street?

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New Zealand Dollar Whipsaws as RBNZ Holds Rates as Expected But Widens QE

The New Zealand Dollar was volatile after its home central bank left rates at record lows but expanded its asset purchase program in the face of Covid's economic hit.

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USD/CAD Rate Tracks April Range Ahead of BoC Governor Departure

USD/CAD may continue to track the April range as Bank of Canada (BoC) Governor Stephen Poloz prepares to depart from the central bank in June.

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Australian Dollar May Fall After Nasdaq Composite Tumbled into Close

The Australian Dollar may be at risk after AUD/USD followed the aggressive slide in the Nasdaq Compositeinto the close. Ahead, Asia Pacific equities may fall as the Yen gains.

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USD/JPY: US Dollar to Yen Mired by Fed Chair Powell Rate Outlook

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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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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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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