Japanese Yen Implosion on Vaccine Breakthrough - Watch US Yields for Direction

USD/JPY reverses on firmer risk appetite and higher US yields. Technical hurdles lie ahead.

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EUR/USD Slides Lower as Weak German Economic Sentiment Sparks New Recession Fears

The latest ZEW sentiment readings highlight a further weakness in Germany and across the Euro Area, highlighting fears that German may fall back into a recession

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British Pound (GBP) Latest: GBP/USD Stable, UK Redundancies At Record High

GBP/USD is holding its ground despite news that UK redundancies surged in Q3 while the unemployment rate jumped to its highest level for almost four years in September.

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S&P 500 Aiming Higher on Vaccine Progress Despite Gridlock Fears

The S&P 500 index may continue to rise on positive Covid-19 vaccine developments despite Senate Majority Leader Mitch McConnell’s push for a skinny fiscal aid package.

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Gold Prices Regain Strength After Falling 4.5% as Vaccine Enthusiasm Fades

Gold prices are regaining some lost ground after falling sharply on Monday. Optimism surrounding Pfizer’s vaccine breakthrough appeared to have cooled. The US Dollar edged lower.

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Hang Seng and ASX 200 Rise on Vaccine Hopes, Tech Drags Nasdaq Lower

Wall Street cheered on encouraging vaccine news, kicking off a sectoral rotation in favour of energy and financial stocks. Big tech dragged the Nasdaq 100 lower. Asia-Pacific markets opened higher.

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USD/JPY May Rise on Vaccine Hopes Despite Election Dispute, Chinese CPI Eyed

Risk-on trading looks to continue following a broad-based rally during the U.S. trading session. Covid-19 vaccine hopes may overshadow election disputes that the Trump administration is pursuing. C...

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Dow Jones Forecast: Covid Vaccine May Breathe New Life Into DJIA

A potential coronavirus vaccine sent stocks and other risk assets soaring on Monday, pioneered by an unusual leader in the Dow Jones. Will a vaccine strengthen the Dow Jones further?

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Gold Price Forecast: XAU Slammed to Support on Covid Vaccine News

When good news goes wrong, at least for Gold bulls, as the yellow metal is down approximately 5% after positive developments for a Covid vaccine.

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USD/JPY Price Analysis: USDJPY Rockets Higher after Vaccine Optimism

USD/JPY experienced a large surge in price after Pfizer announced positive results relating to their Covid-19 vaccine

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Canadian Dollar Outlook: USD/CAD Swoons as Crude Oil Price Surges

USD/CAD price action plummeted to fresh yearly lows this morning as the Canadian Dollar surges with crude oil in response to encouraging coronavirus vaccine headlines.

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US Presidential Election Impact on Markets: Initial Reaction

It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?

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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?

The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...

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Weekly Crude Oil Technical Forecast: Rangebound and Down

Crude oil prices continue to chop around in a mostly sideways range.

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Coronavirus Vaccine: Pfizer says COVID Vaccine is More Than 90% Effective, S&P 500 Spikes

Risk appetite soars as Pfizer announces initial COVID vaccine results.

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FTSE 100 Rallying Into Overbought Territory, Client Sentiment is Mixed

The FTSE 100 is pushing back above 6,000 for the first time in nearly one-month as global equity markets remain firmly bid.

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British Pound Outlook: Looming Brexit Deadline May Weigh on GBP/USD

The British Pound may slide lower in the coming days on the lack of progress in Brexit negotiations ahead of the proposed deadline on November 15.

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Crude Oil Prices Walk a Tightrope on Biden Victory, Falling USD

WTI crude oil prices traded higher Monday amid favorable risk sentiment on a Biden-win election outcome and a weaker US Dollar. The outlook for demand remained a major drag to energy prices however.

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US Dollar Sank on Biden Election Lead, Capital to Flow into Emerging Markets?

The US Dollar tumbled against ASEAN currencies as Joe Biden accumulated votes against Donald Trump . Emerging market assets soared, sinking USD/SGD, USD/PHP, USD/IDR and USD/PHP.

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Australian Dollar Poised to Rise on Biden Victory, Easing Restrictions

The Australian Dollar may continue to push higher on loosening coronavirus restrictions and the prospect of easing geopolitical tensions under a Biden administration.

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