Monday, 1 June 2020

AUD, NZD May Rise With APAC Stocks Ahead of RBA Rate Decision

The Australian and New Zealand Dollars may rise with Asia-Pacific stocks ahead of the RBA rate decisions despite political unrest in Hong Kong and America.

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S&P 500 Forecast: Stocks Face Peril as Day of Reckoning Looms

Stocks continue to surge and propel the S&P 500 Index within striking distance of record highs as bullish equity investors overlook threats from US-China tension escalating, double-digit unemployme...

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New Zealand Dollar Forecast: NZD/USD Runs into Resistance, Will it Hold?

US Dollar weakness persisted to start the week, allowing a number of USD crosses to post outsized moves. NZD/USD was no exception as the pair quickly shot to resistance and a 3-month high.

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Gold Price Outlook: Gold Goes Overbought, Finds Fibonacci Resistance

Gold prices are at their most overbought on the monthly chart since 2011, when prices topped-out. Can bulls bring on an alternative ending?

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US Dollar Hemorrhaging as GBP/USD & AUD/USD Soar, USD/CAD Sinks

US Dollar extends its streak of declines as the DXY Index bleeds lower. GBP/USD and AUD/USD gains stand out in particular as spot USD/CAD plunges to a 12-week low, but will USD price action find a ...

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Canadian Dollar Technical Outlook: Loonie Rally Slams USD/CAD into Support

Loonie rallied more than 7% against the US Dollar since the March extremes with USD/CAD now testing support. Here are the levels that matter on the technical charts.

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Forex Economic Calendar Week Ahead: RBA, BOC, ECB Meetings; Canada & US Jobs Reports

The June ECB meeting and the May US nonfarm payrolls report take top billing during the first week of the month.

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

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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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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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...