Copper price surge from yearly low triggers overbought readings for the first time since 2018 as Silver eyes February high after erasing yearly losses.
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Monday, 8 June 2020
New Zealand Dollar Outlook: AUD/NZD, GBP/NZD, NZD/CHF
The New Zealand Dollar may rise versus the Australian Dollar with GBP/NZD facing the risk of a deeper selloff as NZD/CHF approaches what could be a key turning point.
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Gold Price Fails to Clear May Low Ahead of FOMC Rate Decision
The price of gold retraces the decline following the unexpected rise in US Non-Farm Payrolls (NFP) as the Federal Reserve expands the Main Street Lending Program.
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WTI Crude Oil Turns to Growth Trends as OPEC Bounce Fades
Crude oil prices rallied following news that OPEC agreed to extend record production cuts, but tightened supply is only half the problem in a world of dwindling demand.
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AUD/USD Price Outlook: Australian Dollar Rips Above 0.7000
AUD/USD price action rips above the 0.7000-handle as Aussie shorts throw in the towel and help drive the pro-risk Australian Dollar to its January opening level ahead of the FOMC meeting scheduled ...
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Canadian Dollar Forecast: USD/CAD Attacks Support Ahead of FOMC
USD/CAD started the week off with weakness as the pair continues to probe Fibonacci support we outlined previously. Will Wednesday’s FOMC rate decision stall the descent, or spark another lunge lower?
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Gold Price Outlook: Gold Snaps Back, Starts Week with Support Bounce
Gold prices are starting the week with strength following last week's sell-off. Long-term overbought conditions remain - can bulls push through?
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US Dollar Outlook: DXY Down as USD/JPY & USD/CAD Drive Lower
USD price action still struggles to find a bid even with the broader US Dollar Index trading at a twelve-week low as USD/JPY recoils and USD/CAD extends its decline.
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Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?
The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?
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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Fed, Sentiment
The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur...
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GBP/USD, EUR/GBP and FTSE 100 Latest Outlook - UK Market Webinar
UK asset markets may get a leg-up if reports that the government may unwind lockdown measures sooner rather than later are true. GBP/USD traders should also look ahead to Wednesday’s FOMC meeting.
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British Pound (GBP) Latest: UK Government Looking to Speed Up Lockdown Unwind Timetable
The UK government is looking at ways of easing lockdown measures further to speed up the re-opening of the UK economy.
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US Dollar, Yen May Rise as Markets Turn Timid After US Jobs Data
Financial markets are surprisingly timid after unexpectedly strong US jobs data, hinting that sentiment may be wavering. That might lead the anti-risk US Dollar and Yen higher.
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Sunday, 7 June 2020
JPY May Rise if OECD, World Bank Forecasts Shatter Growth Prospects
The Japanese Yen may reclaim some lost territory if global growth forecasts from the World Bank and the OECD put a premium on anti-risk assets and a discount on its growth-oriented peers.
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US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar could risk further losses against the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso as capital continues to flow into emerging markets.
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Crude Oil Prices Yawn at OPEC+ Cuts, World Bank Outlook Eyed
Crude oil prices shrugged at an OPEC+ agreement to prolong an output cut scheme amid worries about demand. A World Bank economic outlook update is eyed next.
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Nikkei 225 Surge Triggers Overbought RSI Reading
The Nikkei 225 trades at 4-month highs after a 50% surge from the March low, while the RSI registers its first overbought readings since November 2019.
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CAD May Rise on OPEC Optimism, GBP Bracing for Brexit Woes
The Canadian Dollar may rise with crude oil prices following OPEC’s decision to extend record production cuts while the British Pound stares down the barrel of Brexit.
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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Fed, Sentiment
The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur...
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Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?
The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...