US Dollar vs Mexican Peso Outlook: USD/MXN Pressing Against Multi-Week Lows

The Mexican Peso pullback against the US dollar continues with the recent oil rally weighing on USD/MXN. A fresh attempt to make a new multi-week low is currently underway.

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British Pound (GBP) Latest: GBP/USD Rally Running Out of Steam

The rally so far this week in GBP/USD is faltering after news of a drop in UK inflation; attention now turns to testimony by the Bank of England Governor and Thursday’s PMIs.

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EUR/USD Outlook Bearish Ahead of FOMC Minutes, Eurozone Data

The Euro may face heightened liquidation pressure ahead of the release of key Eurozone economic data while the US Dollar may rally on coronavirus risks and the FOMC minutes.

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Crude Oil Prices Gain Further On Signs of US Demand Recovery

Crude oil prices have held up thanks to news of a US inventory drawdown, signs of increased refinery runs and the expiry of June’s futures contract well in positive territory.

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Gold Price Remains Afloat Following Fed Chairman Powell Testimony

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Federal Reserve prepares to further expand its balance sheet.

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FTSE 100, S&P 500 Forecast: Resistance Rejected, Will Sell Bets Unwind?

The FTSE 100 and S&P 500, after rejecting key resistance, could risk seeing downward pressure pick up pace if retail investors unwind their tendency to sell recent price action.

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Emerging Market Currencies Face FDI Outflows In Post-Covid World

Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all.

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CAD Outlook vs British Pound and New Zealand Dollar

GBP/CAD and NZD/CAD are approaching critical cross sections following a corrective pullback in their respective trajectories.

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AUD/USD Forecast: Break of May Range Brings March High on the Radar

AUD/USD may attempt to test the March high (0.6685) as the exchange rate breaks out of the monthly range and carves a series of higher highs and lows.

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New Zealand Dollar Stalls? Dow Jones Turns, Stat Flaks Moderna Vaccine

The New Zealand Dollar may be stalling after Stat criticized Moderna’s virus drug trial, reversing most gains in the Dow Jones yesterday. Ahead, the Japanese Yen could appreciate.

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Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.

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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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