Sunday, 28 June 2020

Gold Price Outlook: Bullish Behavior May Persist Ahead of FOMC Minutes

The price of gold may continue to exhibit a bullish behavior ahead of the FOMC Minutes as the reversal from the May low ($1670) appears to be gathering pace.

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US Dollar Could Rise Versus ASEAN FX as Coronavirus Overshadows Data

The US Dollar could rise as prospects of lockdown reversals as coronavirus cases overshadow upbeat economic data. What else is ahead for USD/SGD, USD/PHP, USD/IDR and USD/MYR?

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GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks

The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.

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Japanese Yen Outlook: AUD/JPY Dictated by Coronavirus Volatility

Haven demand has fueled the recent strength in the Japanese Yen as coronavirus cases continue to climb while trade tensions escalate.

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Hang Seng Index, US Equity Futures at Risk as Covid-19 Cases Surge

APAC stocks may fall at the open after Wall Street trade ended a downbeat note last Friday. Surging virus cases around are world reinforcing the fear of another Covid-19 wave.

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NZD/USD Consolidation Generates Drop in Net-Short Interest

The range bound price action in NZD/USD appears to be generating profit-taking behavior as the IG Client Sentiment report reveals a drop in net-short interest.

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S&P 500, Crude Oil Prices, Energy ETFs: Relations and Correlations

The outlook for the S&P 500 seems to have become more important than the price of crude oil for some energy sector ETFs. Will this dynamic last and what are the risks ahead?

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Canadian Dollar Trading: US Economic Growth Takes Center Stage

A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.

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AUD, APAC Stocks May Extend Losses on Growing Covid-19 Cases

AUD and Asia-Pacific stock markets may extend their losses versus the haven-linked US Dollar as growing Covid-19 cases continues to spoil risk appetite.

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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Rising Virus Cases

The Dow Jones and the S&P 500 ended this past week in a position to perhaps set up a recovery for anti-risk assets like the US Dollar and Japanese Yen. Gold is appearing to breakout higher as finan...

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S&P 500 and FTSE 100 Forecasts for the Week Ahead

Global equity markets at risk from rising coronavirus cases. UK assets remain unloved over Brexit

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Saturday, 27 June 2020

USD/MXN Outlook: Banxico Steps in but Risk Sentiment Continues as Main Driver

As new virus cases increase at an undesirable rate worldwide, risk-on assets like the Peso continue to be at the mercy of risk sentiment

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Euro Forecast: Choppy Trading Likely in EUR/USD on Quarter-End Flows

The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro crosses.

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Gold Price May Ride the Tailwind of Virus Uncertainty, Soft US Dollar

Gold prices may rise as global virus uncertainty boosts demand for safety. US Dollar weakness amid accommodative central bank policy could provide added support.

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US Dollar May Rise: Non-Farm Payrolls, Jobless Claims, FOMC Minutes Eyed

The US Dollar may rise as initial jobless claims stabilize at historically elevated levels. Non-farm payrolls may surprise higher, but FOMC minutes could sink the S&P 500 and boost USD.

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Friday, 26 June 2020

Crude Oil Prices May Fall on Rising Virus Cases. Growth Outlook at Risk?

Crude oil prices may come under pressure as the number of Covid-19 cases in the world’s largest economy continue to surge and threaten to derail the already-dented growth outlook.

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Australian Dollar Outlook Bearish as Coronavirus Cases Spike

The Australian Dollar may come under increasing downside pressure as local coronavirus cases spike and tensions with China escalate.

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GBP/USD, AUD/JPY & More – Charts For Next Week

Cable has a clean chart to work with, along with a few of the JPY cross-rates (AUD/JPY in focus).

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Crude Oil Prices May Fall as a Double Top Takes Shape

Crude oil prices look to be carving out a double top below the $44/bbl figure, hinting that a downturn is ahead. Gold prices ‘ scope for gains capped by US Dollar.

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British Pound Latest (GBP) - GBP/USD Coiling for a Breakout

GBP/USD bracing for another round of intensive negotiations between the UK and EU, while concerns mount over US tariffs.

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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...