Friday, 15 May 2020

US Dollar Inches Higher Following Consumer Sentiment Report

The US Dollar ticks higher on better than expected consumer sentiment data for May, but remains suppressed after terrible retail sales data released earlier Friday

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Australian Dollar Forecast: AUD/USD at Risk From US/China Trade Wars 2.0

The Australian Dollar looks set to come into the cross-fires once again as US-China trade tensions pick up.

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EUR/USD, GBP/USD, DXY – USD Charts For Next Week

The Dollar range at some point will break, and once it does the Euro and Sterling will be at the epicenter; DXY levels to watch on the top and bottom-side.

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US Recession Watch, May 2020 - US Yield Curve Hides the Truth

The Federal Reserve’s extraordinary stimulus efforts have had an understandable impact on the US Treasury yield curve – which has lost some utility.

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US Dollar Biding Time Ahead of Crucial US Retail Sales Data

The US dollar is struggling to move higher and may face further a further obstacle in the shape of the latest release of US consumer spending in April which is expected to hit a record low.

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USD/MXN – Dollar vs Peso Price Action, the Good and the Bad

USD/MXN continues to chop sideways giving traders in the near-term difficulty, but there should be good signaling soon.

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Euro Latest: German GDP in Crash Mode, EUR/USD Eyes Crucial Trendline

German Q1 GDP contracts 2.2%. Euro Unmoved as Tight Range Persists.

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British Pound (GBP) Latest: GBP/USD and EUR/GBP Test Limits, Brexit and COVID-19 Updates

Sterling has weakened over the course of the week and is now testing multi-week support levels as sentiment weakens. A new research article suggests that the spread of COVID-19 in London has fallen...

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US Dollar May Rise vs Euro on Retail Sales, Eurozone GDP Data

The US Dollar may rise if retail sales and consumer confidence data sour risk appetite while the Euro may suffer after Eurozone GDP data is released in a politically-battered region.

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Thursday, 14 May 2020

Crude Oil Holds Gains On Hopes Huge Stockpiles Can Be Run Down

Crude oil markets are still stuck between the demand collapse inspired by Covid and hopes that production cuts will start to erode inventory.

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AUD Rates Hold May Range Despite Record Drop in Australia Employment

AUD/USD may face range bound conditions despite the record drop in Australia Employment as the decline from earlier this month sputters ahead of the May low (0.6373).

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Hang Seng May Struggle as Yen Gains if US-China Tensions Resurface

The Hang Seng could struggle if US-China trade tensions resurface, denting Hong Kong’s economy amid the coronavirus. Such an outcome could boost the anti-risk Japanese Yen.

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Australian Dollar Steady As China Industrial Production Registers Big Beat

The Australian Dollar didn't move far on a mixed bag of Chinese numbers which showed industry powering ahead despite Covid while retail sales and investment lag.

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Silver and Gold Prices May be at Risk of a Short-Term Pullback

Silver and gold prices may be at risk of a short-term pullback as the uptrends that pushed the precious metals higher show signs of fragility.

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Canadian Dollar, Crude Oil, Dow Jones Gain with Financial Stocks

The Canadian Dollar gained with crude oil prices as financial stocks lead the Dow Jones higher. Ahead, Asia Pacific equities may rise which could bode well for the Australian Dollar.

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GBP/USD Price Analysis: Pound-Dollar Probes Big Support Level

Recent weakness exhibited by spot GBP/USD price action has gained pace over the last few trading sessions and pushes the Pound Sterling to a 5-week low against its US Dollar peer, but will support ...

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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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Bitcoin Price Analysis: BTC Back Towards 10k, Can Bulls Break Through?

It's been a wild past two months in Bitcoin and now bulls are met with heavy resistance and considerable motive.

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USDMXN Drops on Bank of Mexico Rate Cut

The Bank of Mexico slashed its overnight rate to 5.50% from 6.00%, as expected. USDMXN price action moved lower on Peso strength

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US Dollar on the Rise with FX Volatility; Sentiment Souring?

The US Dollar extends higher after Fed Chair Powell pushed back on the prospect of negative interest rates, which seems to have corresponded with an uptick in volatility and downshift in risk appet...

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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...