Gold Prices Gain On US-China Tensions Despite Covid Vaccine Hopes

Gold prices retained a solid anti-risk underpinning even as broader risk appetite perked up on a promising, initial coronavirus vaccine test.

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EUR/USD Rate Forecast: Test of May High Looks Imminent

EUR/USD may trade within a more defined range if the recent rebound in the exchange rate fails to trigger a test of the May high (1.1020).

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Australian Dollar, ASX 200 Pressure Resistance as Trade Tensions Brew

The Australian Dollar and ASX 200 are pressuring resistance with momentum fading. As markets await a coronavirus vaccine, tensions between China and with the US and Australia brew.

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Silver May Still Lose Out To Gold Once Covid Effects Fade

Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so.

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Yen Sinks, Dow Jones Rips on Moderna Virus Drug Trial. USD/JPY May Rise

The Japanese Yen slumped as Moderna’s coronavirus vaccine trial sent the Dow Jones to its best day in almost 6 weeks. Ahead, the Australian Dollar may rise alongside APAC shares.

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USD/CAD Rate Forecast: May High on the Radar Ahead of Canada CPI

Fresh data prints coming out of Canada may keep USD/CAD afloat as the headline reading for inflation is expected to contract for the first time since 2009.

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S&P 500 Forecast: Crude Oil Price Rebound Sees Energy Gains Pace Tech

Crude oil has rebounded significantly this month after momentarily slipping into negative territory in late April. Similarly, stocks in the S&P 500 energy sector have outperformed other industries.

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Gold Price Outlook: GLD Fresh High as Powell Says FOMC Has 'No Limit'

Gold prices set another fresh seven-year-high after this week's open, and with a loose and passive FOMC, there may be more room to run.

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EUR/USD Rips Higher as 500bln Euro Recovery Fund Gives EU Hope

EUR/USD price action explodes higher as the Euro surges in response to a joint proposal from French and German leaders Macron and Merkel offering a 500 billion coronavirus recovery fund to EU count...

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Markets Weekly Outlook: Dow Jones, Gold Prices, US Dollar, Fed, Earnings

The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US retail...

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GBP/USD, EUR/GBP and FTSE 100 Latest - UK Market Webinar

GBP/USD and EUR/GBP both broke out of multi-week ranges at the end of last week but need to consolidate before the next move. The FTSE 100 is pushing higher on a general risk-on theme.

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Japanese Yen Forecast: Key USD/JPY Levels to Watch

Soft start to the week for the Japanese Yen. However, negative macro risks keep USD/JPY downside bias intact.

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British Pound (GBP) Latest: GBP/USD Under Pressure, EU-UK Trade Talks Need a Reboot

Trade talks between the EU and the UK are becoming increasingly fractured and with the June 31 extension deadline nearing, both sides need to push forward. Weekend commentary from BoE chief economi...

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British Pound Feeling Familiar Pain of Brexit as Covid-19 Takes its Toll

The British Pound’s sensitivity to political risk is returning as GBP suffers from the UK’s internal fragmentation and renewed concerns about Brexit amid the coronavirus pandemic.

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Crude Oil Prices Hit One-Month Highs On Economic Re-Start Hopes

Crude oil prices found continuing support from investors looking to the gradual re-opening of Covid-hit economies, along with production cuts.

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Gold Price Forecast: Breakout Pushes RSI Towards Overbought Territory

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Relative Strength Index (RSI) approaches overbought territory.

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US Dollar on Offense? SGD, IDR, PHP, MYR Fundamental Outlook

Is the US Dollar ready to rise against currencies such as the Singapore Dollar, Indonesian Rupiah and Philippine Peso? FOMC minutes, US-China tensions and fiscal stimulus are eyed.

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NZD/USD Rate Eyes April Low Ahead of New Zealand Retail Sales Report

NZD/USD may continue to give back the advance from the April low (0.5843) as the update to New Zealand’s Retail Sales report is expected to show a 1.5% contraction.

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US Dollar May Rise on Powell Testimony, FOMC & ECB Minutes: Covid-19 in Focus

US Dollar may rise versus the Euro and British Pound ahead of Powell’s testimony, the release of the FOMC and ECB minutes amid renewed Brexit risks.

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British Pound Slumped Post Brexit Talks, GBP/USD Eyeing Reversal?

The British Pound slumped as Brexit talks failed to find progress, opening the door for a GBP/USD reversal after support was cleared. Ahead, the Yen faces Japanese GDP data.

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