Nasdaq Surge Continues as S&P 500 Lags; FOMC as the Driver

It's not often that one might have a valid complaint against a 36.8% rally in less than two months, but that may be the case here in the Dow and S&P versus the Nasdaq.

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Dow Jones Index Aims Higher Following Fed Chair Powell, Secretary Mnuchin Testimony

The Dow Jones index is pushing modestly higher following testimony from Fed Chair Powell, and Treasury Secretary Mnuchin to the Senate Banking Committee regarding the CARES Act

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DAX 30 & CAC 40 Price Outlook: Euro Unity Bolsters Regional Equities

Recent news of a unified response to the coronavirus via federalized debt has shown commitment to the single-currency project which saw European stocks leap higher alongside the Euro.

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Euro Reversals Gather Pace on Jointly-Issued Debt News - Levels for EUR/JPY & EUR/USD

No doubt about it, the potential for jointly-issued debt is a gamechanger for Europe. Has the Euro been saved?

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Market Sentiment Improving on Vaccine Hopes | Webinar

Trader confidence is rising on hopes of a Covid-19 vaccine as well as German and French plans for a €500 billion EU coronavirus recovery fund.

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Currency Correlation with Stock Market Rises Sharply - Cross Asset Correlation

Risk rally takes shape prompting US Dollar pullback. Broader macro risks remain with Brexit concerns to weigh on GBP/USD.

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US Dollar, Yen May Rebound as Powell and Mnuchin Testify

The US Dollar and Japanese Yen may rebound as sobering Congressional testimony from Fed Chair Powell and Treasury Secretary Mnuchin sour market sentiment.

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Euro Latest - EUR/USD Rally Continues, Mixed German ZEW Readings

The Euro continues to push higher against the US dollar, buoyed by the proposed EU coronavirus rescue fund. The latest German ZEW data is mixed and economic sentiment may be optimistic.

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British Pound (GBP) Latest: GBP/USD Bouncing on Vaccine Hopes

Sterling and other ‘risk on’ assets are jumping on promising vaccine results; a mixed bag of UK employment data and a new UK tariff regime post-Brexit have left GBP unscathed.

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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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