Sterling is beginning to fade some of last week’s month-end rebalancing strength and now faces mounting levels of political and trade risk.
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Monday, 1 June 2020
Crude Oil Prices Rise as Trump Talks Hong Kong, Gold Up on US Unrest
Crude oil prices rose as US President Donald Trump took a less harsh line that markets expected in a clash with Beijing over the fate of Hong Kong. Gold rose as unrest in the US swelled.
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British Pound (GBP) Latest: Crucial EU/UK Trade Talks, Emergency UK Stimulus Package Talk
Trade talks between the EU and UK will continue this week with both sides keen to agree a deal but insistent that they won’t change their current stance. Chancellor Rishi Sunak is said to be drawin...
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US Dollar May Rise if Riots, ISM Data Boosts Demand for Liquidity
The US Dollar may rise if ISM data and riots all over the United States further dampen the outlook for consumption and recovery amid the coronavirus pandemic.
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Sunday, 31 May 2020
Natural Gas Price Remains Vulnerable as Oversupply Issues Persist
Oversupply and demand disruption may continue to drag on the price of liquefied natural gas (LNG) even though it recovers from 22-year lows.
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Gold Price Eyes 2012 High Again Following Break of Negative RSI Slope
The price of gold may stage another attempt to test the 2012 high ($1796) as the Relative Strength Index (RSI) breaks out of a bearish formation.
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US Dollar Wilting as IDR, SGD gain. US-China Spat, Brexit Talks Eyed
The US Dollar is falling against ASEAN currencies such as the Singapore Dollar and Indonesian Rupiah as stock markets rise. Watch out for US-China escalation and Brexit talks.
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Australian Dollar Trades Near Pre-COVID Levels Following Caixin PMI
The Australian Dollar has broken to fresh 14-week highs as Caixin PMI data beats market expectations.
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AUD/USD Rate Clears March High Ahead of RBA Interest Rate Decision
The Reserve Bank of Australia (RBA) interest rate decision may keep AUD/USD afloat if the central bank tames speculation for additional monetary support.
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USD, GBP, EUR & AUD Brace for Cross-Continental Political Peril
The US Dollar, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop.
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Dow Jones, S&P 500, Nasdaq Composite Ready for More Highs?
The Dow Jones, S&P 500 and Nasdaq Composite may climb after my Wall Street index avoided a downside breakout. Donald Trump’s news conference on China cooled escalation woes.
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Markets Week Ahead: AUD, CAD, GBP, Brexit Talks, Dow Jones, USD, NFPs
The Australian Dollar, Canadian Dollar and Euro await the RBA, BoC and ECB respectively. Brexit talks continue, and rising fears of a no-deal could weigh on the British Pound. Will the Dow Jones an...
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S&P 500, DAX 30 and FTSE 100 Forecasts for the Week Ahead
US-China tensions remain, ECB stands ready to expand QE purchases, EU-UK trade talks in focus.
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Saturday, 30 May 2020
USD/MXN Outlook: Mexican President Sees Opportunity in Worsening US-China Relationship
López Obrador hopes USMCA will help tighten trade relationships between the US and Mexico
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Gold Prices Face RBA, BoC, ECB, US Jobs Data and Brexit Talks
The medium-term gold outlook still seems favorable as the Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and Brexit...
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Friday, 29 May 2020
US Dollar (USD) Outlook: US-China Tensions Likely to Escalate Further
The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks.
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Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018
The ongoing contraction in US production may keep oil prices afloat in June as crude output falls to its lowest level since October 2018.
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How to Invest During a Recession: Investments & Strategy
Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.
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US Dollar, Nasdaq, Chinese Yuan React to Trump-China Presser
President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tension. Where is the US Dollar, Nasdaq and Chinese Yuan headed next?
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Upbeat RBA Could Fuel Australian Dollar Strength
The Australian dollar may continue to outperform major counterparts should the Reserve Bank of Australia tame speculation for additional monetary support.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....