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Forex Week Ahead – Central banks back to the fore

Forex-week-ahead-central-banks-back-to-the-fore_FXPIG

Coronavirus developments closely monitored

What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets.

This week it was the spread of Coronavirus that’s making investors nervous. We’re not in full panic mode just yet but there’s clearly tensions building and the near-3% declines in China on the final day of trading before the new year holiday is a prime example of that.

Central banks come back to the fore next week with a possible rate cut from the Bank of England and first Federal Reserve meeting of the year the standout events. The meeting marks a end to a messy tenure for BoE Governor Mark Carney and he could be going out with one final rate cut.

Key Economic Events This Week

Monday, Jan 27th

Local Start DateCountryRelevanceIndicator NamePeriodReuters Poll27 Jan 2020DenmarkLowRetail Sales YYDec
27 Jan 2020GermanyHighIfo Business Climate NewJan97.027 Jan 2020GermanyHighIfo Curr Conditions NewJan99.227 Jan 2020GermanyHighIfo Expectations NewJan95.027 Jan 2020MexicoLowRetail Sales YYNov
27 Jan 2020United StatesLowBuild Permits R NumbDec
27 Jan 2020United StatesHighNew Home Sales-UnitsDec0.725M27 Jan 2020United StatesLowNew Home Sales Chg MMDec0.8%

Tuesday, Jan 28th

28 Jan 2020SpainMediumUnemployment RateQ4
28 Jan 2020SwedenMediumRetail Sales YYDec
28 Jan 2020MexicoLowTrade Balance, $Dec
28 Jan 2020RussiaLowRetail Sales YYDec2.7%28 Jan 2020RussiaHighUnemployment RateDec4.6%28 Jan 2020HungaryHighHungary Base RateJan0.90%28 Jan 2020HungaryHighO/N Deposit RateJan-0.05%28 Jan 2020United StatesHighDurable GoodsDec0.4%28 Jan 2020United StatesHighConsumer ConfidenceJan127.228 Jan 2020United StatesNot RatedAPI weekly crude stocks20 Jan, w/e#N/P

 Wednesday, Jan 29th

29 Jan 2020AustraliaHighCPI QQQ40.6%29 Jan 2020AustraliaHighCPI YYQ41.7%29 Jan 2020ThailandMediumManufacturing Prod YYDec
29 Jan 2020GermanyMediumGfK Consumer SentimentFeb9.629 Jan 2020SpainMediumRetail Sales YYDec
29 Jan 2020HungaryLowUnemployment Rate 3MDec
29 Jan 2020United StatesNot RatedEIA Weekly Crude Stocks20 Jan, w/e
29 Jan 2020United StatesHighFed Funds Target Rate29 Jan1.5-1.7529 Jan 2020South KoreaLowBOK Manufacturing BSIFeb
29 Jan 2020New ZealandMediumTrade BalanceDec

Thursday, Jan 30th

30 Jan 2020NorwayMediumRetail Sales Ex. AutoDec-0.6%30 Jan 2020DenmarkHighUnemployment RateDec
30 Jan 2020SwitzerlandHighKOF IndicatorJan96.530 Jan 2020Hong KongLowImportsDec
30 Jan 2020Hong KongLowExportsDec
30 Jan 2020GermanyHighUnemployment Rate SAJan5.0%30 Jan 2020ItalyMediumUnemployment RateDec9.7%30 Jan 2020Euro ZoneHighUnemployment RateDec7.5%30 Jan 2020United KingdomMediumBOE MPC Vote HikeJan030 Jan 2020United KingdomMediumBOE MPC Vote UnchangedJan630 Jan 2020United KingdomMediumBOE MPC Vote CutJan330 Jan 2020United KingdomHighBOE Bank RateJan0.75%30 Jan 2020United KingdomLowGB BOE QE GiltsJan435B30 Jan 2020United KingdomHighGB BOE QE CorpJan10B30 Jan 2020MexicoNot RatedGDP YY FlashQ4
30 Jan 2020MexicoNot RatedGDP QQ FlashQ4
30 Jan 2020GermanyHighHICP Prelim YYJan1.7%30 Jan 2020RussiaLowCbank Wkly Reserves20 Jan, w/e
30 Jan 2020United StatesHighGDP AdvanceQ42.1%30 Jan 2020United StatesHighInitial Jobless Claims20 Jan, w/e
30 Jan 2020CanadaNot RatedAverage Weekly Earnings YYNov
30 Jan 2020South KoreaMediumIndustrial Output YYDec
30 Jan 2020JapanHighCPI Tokyo Ex fresh food YYJan0.8%30 Jan 2020JapanHighCPI, Overall TokyoJan
30 Jan 2020JapanHighJobs/Applicants RatioDec1.5630 Jan 2020JapanHighUnemployment RateDec2.3%30 Jan 2020JapanHighIndustrial O/P Prelim MM SADec0.7%30 Jan 2020JapanMediumRetail Sales YYDec-1.8%30 Jan 2020JapanNot RatedLarge Scale Retail Sales YYDec

 Friday, Jan 31st  

31 Jan 2020United KingdomMediumGfK Consumer ConfidenceJan-931 Jan 2020China (Mainland)LowNBS Non-Mfg PMIJan
31 Jan 2020China (Mainland)HighNBS Manufacturing PMIJan50.031 Jan 2020China (Mainland)Not RatedComposite PMIJan
31 Jan 2020SingaporeLowUnemployment Rate Prelim SAQ4
31 Jan 2020FranceHighGDP Preliminary QQQ40.2%31 Jan 2020FranceNot RatedGDP YY PrelimQ4
31 Jan 2020GermanyMediumRetail Sales YY RealDec
31 Jan 2020TurkeyMediumTrade BalanceDec
31 Jan 2020SwitzerlandMediumRetail Sales YYDec
31 Jan 2020ThailandMediumExports YYDec
31 Jan 2020ThailandMediumImports YYDec
31 Jan 2020FranceHighCPI (EU Norm) Prelim YYJan1.7%31 Jan 2020SpainHighEstimated GDP QQQ40.4%31 Jan 2020SpainMediumEstimated GDP YYQ41.7%31 Jan 2020NorwayMediumReg’d Unemployment SAJan76.70k31 Jan 2020ItalyHighGDP Prelim QQQ40.1%31 Jan 2020ItalyHighGDP Prelim YYQ40.3%31 Jan 2020Euro ZoneHighHICP Flash YYJan1.4%31 Jan 2020Euro ZoneHighGDP Flash Prelim YYQ41.1%31 Jan 2020Euro ZoneHighGDP Flash Prelim QQQ40.2%31 Jan 2020South AfricaMediumTrade Bal (Incl. Region)Dec12.00B31 Jan 2020United StatesMediumPersonal Income MMDec0.3%31 Jan 2020United StatesMediumPersonal Consump Real MMDec
31 Jan 2020United StatesHighConsumption, Adjusted MMDec0.3%31 Jan 2020United StatesMediumCore PCE Price Index MMDec0.2%31 Jan 2020United StatesLowCore PCE Price Index YYDec1.6%31 Jan 2020United StatesLowPCE Price Index YYDec
31 Jan 2020CanadaHighGDP MMNov
31 Jan 2020United StatesHighU Mich Sentiment FinalJan99.3

Country

UK

The Brexit bill as received royal ascent, which means that – in case it wasn’t already clear – the UK will leave the EU on 31 January and enter into the 11-month transitional period. This is subject to EU lawmakers passing the Brexit deal on Wednesday but there’s not expected to be any complications there. Although it would be very Brexit if there was one last twist.

There may be no big ben bong for Brexit – if you’ve not heard this story, I envy you – but the trade negotiation phase can now get underway. Not only is the UK keen to agree a new relationship with the EU in that time, it also has admirable ambitions to strike one with the US as well. That may be less complex but at the same time, it doesn’t make for an enjoyable 11 months for UK civil servants.

Thankfully this coming week the topic of conversation will instead focus around the Bank of England. Thursday’s meeting has gone from a fond farewell to Mark Carney (although Brexiteers may remember him less fondly) to an actual live meeting. Carney leaves the BoE in mid-March, before the next meeting later that month. It’s become a coin toss for a rate cut which typically means it will be unchanged but odds have fluctuated quite dramatically over the last couple of weeks so that could change as we get closer to the vote.

US

The Fed is on hold and while no one expects any changes to the target range, policymakers could tweak the IOER and provide some clarity on how they will end their purchases of Treasury bills next quarter.  The January FOMC meeting will likely see limited changes as the data since the December meeting has been slightly softer but countered by improved optimism following the US-China phase-one deal.

The dollar will stubbornly remain strong on safe-haven flows, but long-term Fed policy should provide a backdrop for weakness, as the Fed seems set for a path to see further balance sheet growth.

Mexico

The Mexican peso will look to see if it remains one of the best performing currencies in LATAM.  The focus for peso traders will fall on preliminary fourth quarter GDP reading.  Mexico is likely to see a boost from the USMCA deal and while we could see a soft GDP reading raise calls for one more easing, we may only see one or two more cuts by the Banxico.  Mexico has one of the best outlooks in LATAM and if the central bank maintains a high overnight rate, carry traders may find the peso very attractive in 2020.

Hong Kong

Coronavirus is front and centre of concerns as Chinese New Year starts tomorrow on the Mailand. Hong Kong is off from Monday to Wednesday. A SARS-like induced economic slowdown could be a body blow to Hong Kong economy already in a protest induced recession.

One silver lining is that protests will likely be muted by coronavirus fears. An escalation in the coronavirus emergency could see Hong Kong stocks collapse next week on their return to work.

China

Coronavirus concerns are increasing with more cases and deaths and the complete quarantining of Wihun city and its 11 million people. Chinese stock markets fell 2.75% today. China is now on holiday until the 30th of January.

A serious escalation of coronavirus emergency could see China stockmarkets collapse on Friday 31st and the risk of a recession come very quickly. The yuan could depreciate quickly, upsetting the United States.

India

India’s Supreme Court to release judgement on the legality of Modi’s citizenship law. Protests are possible and if Supreme Court backs Modi, foreign direct investment could dry up, deepening India’s slowdown. Some parts of the financial sector are still on life support. Potentially very negative for the the rupee and Indian equities.

Market

Oil

Oil prices have been quite volatile this week, not to mention one area that’s been particularly sensitive to the breakout of Coronavirus. Fears about the economic impact of a more severe outbreak appear to have hit oil prices at a time when demand dynamics are already a point of concern.

This is a very different response to what we saw in the aftermath of the Libya outage, which says a lot about where the concerns really lie in these markets. Brent has sold off quickly though so may be less sensitive to modest increases in the spread of the virus. Support may start to come in as it approaches $60.

Gold

Gold prices have been relatively stable over the last couple of weeks since events in the middle east settled down. Rallies are being sold into at the moment which signals weakness but the breakout of Coronavirus could complicate things.

We’re not seeing any significant safe haven moves right now but as the close in China on Thursday, prior to the weeklong new year holiday, risk aversion is creeping in. That could become more pronounced as the virus spreads and be supportive for gold prices.

Bitcoin

Bitcoin is as volatile as ever and enthusiasts are desperate as ever to attribute any market event that impacts regular instruments to the cryptocurrency market. We saw it earlier this year with the escalation in the middle east but they’ve gone a little quiet this week.

Bitcoin has been paring gains even as investors become a little more cautious, once again raising huge question marks over its haven status. Still, enthusiasts are relentless and that keeps the market volatile.

Source: marketpulse

Coronavirus developments closely monitored

What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets.

This week it was the spread of Coronavirus that’s making investors nervous. We’re not in full panic mode just yet but there’s clearly tensions building and the near-3% declines in China on the final day of trading before the new year holiday is a prime example of that.

Central banks come back to the fore next week with a possible rate cut from the Bank of England and first Federal Reserve meeting of the year the standout events. The meeting marks a end to a messy tenure for BoE Governor Mark Carney and he could be going out with one final rate cut.

Key Economic Events This Week

Monday, Jan 27th

Local Start DateCountryRelevanceIndicator NamePeriodReuters Poll27 Jan 2020DenmarkLowRetail Sales YYDec
27 Jan 2020GermanyHighIfo Business Climate NewJan97.027 Jan 2020GermanyHighIfo Curr Conditions NewJan99.227 Jan 2020GermanyHighIfo Expectations NewJan95.027 Jan 2020MexicoLowRetail Sales YYNov
27 Jan 2020United StatesLowBuild Permits R NumbDec
27 Jan 2020United StatesHighNew Home Sales-UnitsDec0.725M27 Jan 2020United StatesLowNew Home Sales Chg MMDec0.8%

Tuesday, Jan 28th

28 Jan 2020SpainMediumUnemployment RateQ4
28 Jan 2020SwedenMediumRetail Sales YYDec
28 Jan 2020MexicoLowTrade Balance, $Dec
28 Jan 2020RussiaLowRetail Sales YYDec2.7%28 Jan 2020RussiaHighUnemployment RateDec4.6%28 Jan 2020HungaryHighHungary Base RateJan0.90%28 Jan 2020HungaryHighO/N Deposit RateJan-0.05%28 Jan 2020United StatesHighDurable GoodsDec0.4%28 Jan 2020United StatesHighConsumer ConfidenceJan127.228 Jan 2020United StatesNot RatedAPI weekly crude stocks20 Jan, w/e#N/P

 Wednesday, Jan 29th

29 Jan 2020AustraliaHighCPI QQQ40.6%29 Jan 2020AustraliaHighCPI YYQ41.7%29 Jan 2020ThailandMediumManufacturing Prod YYDec
29 Jan 2020GermanyMediumGfK Consumer SentimentFeb9.629 Jan 2020SpainMediumRetail Sales YYDec
29 Jan 2020HungaryLowUnemployment Rate 3MDec
29 Jan 2020United StatesNot RatedEIA Weekly Crude Stocks20 Jan, w/e
29 Jan 2020United StatesHighFed Funds Target Rate29 Jan1.5-1.7529 Jan 2020South KoreaLowBOK Manufacturing BSIFeb
29 Jan 2020New ZealandMediumTrade BalanceDec

Thursday, Jan 30th

30 Jan 2020NorwayMediumRetail Sales Ex. AutoDec-0.6%30 Jan 2020DenmarkHighUnemployment RateDec
30 Jan 2020SwitzerlandHighKOF IndicatorJan96.530 Jan 2020Hong KongLowImportsDec
30 Jan 2020Hong KongLowExportsDec
30 Jan 2020GermanyHighUnemployment Rate SAJan5.0%30 Jan 2020ItalyMediumUnemployment RateDec9.7%30 Jan 2020Euro ZoneHighUnemployment RateDec7.5%30 Jan 2020United KingdomMediumBOE MPC Vote HikeJan030 Jan 2020United KingdomMediumBOE MPC Vote UnchangedJan630 Jan 2020United KingdomMediumBOE MPC Vote CutJan330 Jan 2020United KingdomHighBOE Bank RateJan0.75%30 Jan 2020United KingdomLowGB BOE QE GiltsJan435B30 Jan 2020United KingdomHighGB BOE QE CorpJan10B30 Jan 2020MexicoNot RatedGDP YY FlashQ4
30 Jan 2020MexicoNot RatedGDP QQ FlashQ4
30 Jan 2020GermanyHighHICP Prelim YYJan1.7%30 Jan 2020RussiaLowCbank Wkly Reserves20 Jan, w/e
30 Jan 2020United StatesHighGDP AdvanceQ42.1%30 Jan 2020United StatesHighInitial Jobless Claims20 Jan, w/e
30 Jan 2020CanadaNot RatedAverage Weekly Earnings YYNov
30 Jan 2020South KoreaMediumIndustrial Output YYDec
30 Jan 2020JapanHighCPI Tokyo Ex fresh food YYJan0.8%30 Jan 2020JapanHighCPI, Overall TokyoJan
30 Jan 2020JapanHighJobs/Applicants RatioDec1.5630 Jan 2020JapanHighUnemployment RateDec2.3%30 Jan 2020JapanHighIndustrial O/P Prelim MM SADec0.7%30 Jan 2020JapanMediumRetail Sales YYDec-1.8%30 Jan 2020JapanNot RatedLarge Scale Retail Sales YYDec

 Friday, Jan 31st  

31 Jan 2020United KingdomMediumGfK Consumer ConfidenceJan-931 Jan 2020China (Mainland)LowNBS Non-Mfg PMIJan
31 Jan 2020China (Mainland)HighNBS Manufacturing PMIJan50.031 Jan 2020China (Mainland)Not RatedComposite PMIJan
31 Jan 2020SingaporeLowUnemployment Rate Prelim SAQ4
31 Jan 2020FranceHighGDP Preliminary QQQ40.2%31 Jan 2020FranceNot RatedGDP YY PrelimQ4
31 Jan 2020GermanyMediumRetail Sales YY RealDec
31 Jan 2020TurkeyMediumTrade BalanceDec
31 Jan 2020SwitzerlandMediumRetail Sales YYDec
31 Jan 2020ThailandMediumExports YYDec
31 Jan 2020ThailandMediumImports YYDec
31 Jan 2020FranceHighCPI (EU Norm) Prelim YYJan1.7%31 Jan 2020SpainHighEstimated GDP QQQ40.4%31 Jan 2020SpainMediumEstimated GDP YYQ41.7%31 Jan 2020NorwayMediumReg’d Unemployment SAJan76.70k31 Jan 2020ItalyHighGDP Prelim QQQ40.1%31 Jan 2020ItalyHighGDP Prelim YYQ40.3%31 Jan 2020Euro ZoneHighHICP Flash YYJan1.4%31 Jan 2020Euro ZoneHighGDP Flash Prelim YYQ41.1%31 Jan 2020Euro ZoneHighGDP Flash Prelim QQQ40.2%31 Jan 2020South AfricaMediumTrade Bal (Incl. Region)Dec12.00B31 Jan 2020United StatesMediumPersonal Income MMDec0.3%31 Jan 2020United StatesMediumPersonal Consump Real MMDec
31 Jan 2020United StatesHighConsumption, Adjusted MMDec0.3%31 Jan 2020United StatesMediumCore PCE Price Index MMDec0.2%31 Jan 2020United StatesLowCore PCE Price Index YYDec1.6%31 Jan 2020United StatesLowPCE Price Index YYDec
31 Jan 2020CanadaHighGDP MMNov
31 Jan 2020United StatesHighU Mich Sentiment FinalJan99.3

Country

UK

The Brexit bill as received royal ascent, which means that – in case it wasn’t already clear – the UK will leave the EU on 31 January and enter into the 11-month transitional period. This is subject to EU lawmakers passing the Brexit deal on Wednesday but there’s not expected to be any complications there. Although it would be very Brexit if there was one last twist.

There may be no big ben bong for Brexit – if you’ve not heard this story, I envy you – but the trade negotiation phase can now get underway. Not only is the UK keen to agree a new relationship with the EU in that time, it also has admirable ambitions to strike one with the US as well. That may be less complex but at the same time, it doesn’t make for an enjoyable 11 months for UK civil servants.

Thankfully this coming week the topic of conversation will instead focus around the Bank of England. Thursday’s meeting has gone from a fond farewell to Mark Carney (although Brexiteers may remember him less fondly) to an actual live meeting. Carney leaves the BoE in mid-March, before the next meeting later that month. It’s become a coin toss for a rate cut which typically means it will be unchanged but odds have fluctuated quite dramatically over the last couple of weeks so that could change as we get closer to the vote.

US

The Fed is on hold and while no one expects any changes to the target range, policymakers could tweak the IOER and provide some clarity on how they will end their purchases of Treasury bills next quarter.  The January FOMC meeting will likely see limited changes as the data since the December meeting has been slightly softer but countered by improved optimism following the US-China phase-one deal.

The dollar will stubbornly remain strong on safe-haven flows, but long-term Fed policy should provide a backdrop for weakness, as the Fed seems set for a path to see further balance sheet growth.

Mexico

The Mexican peso will look to see if it remains one of the best performing currencies in LATAM.  The focus for peso traders will fall on preliminary fourth quarter GDP reading.  Mexico is likely to see a boost from the USMCA deal and while we could see a soft GDP reading raise calls for one more easing, we may only see one or two more cuts by the Banxico.  Mexico has one of the best outlooks in LATAM and if the central bank maintains a high overnight rate, carry traders may find the peso very attractive in 2020.

Hong Kong

Coronavirus is front and centre of concerns as Chinese New Year starts tomorrow on the Mailand. Hong Kong is off from Monday to Wednesday. A SARS-like induced economic slowdown could be a body blow to Hong Kong economy already in a protest induced recession.

One silver lining is that protests will likely be muted by coronavirus fears. An escalation in the coronavirus emergency could see Hong Kong stocks collapse next week on their return to work.

China

Coronavirus concerns are increasing with more cases and deaths and the complete quarantining of Wihun city and its 11 million people. Chinese stock markets fell 2.75% today. China is now on holiday until the 30th of January.

A serious escalation of coronavirus emergency could see China stockmarkets collapse on Friday 31st and the risk of a recession come very quickly. The yuan could depreciate quickly, upsetting the United States.

India

India’s Supreme Court to release judgement on the legality of Modi’s citizenship law. Protests are possible and if Supreme Court backs Modi, foreign direct investment could dry up, deepening India’s slowdown. Some parts of the financial sector are still on life support. Potentially very negative for the the rupee and Indian equities.

Market

Oil

Oil prices have been quite volatile this week, not to mention one area that’s been particularly sensitive to the breakout of Coronavirus. Fears about the economic impact of a more severe outbreak appear to have hit oil prices at a time when demand dynamics are already a point of concern.

This is a very different response to what we saw in the aftermath of the Libya outage, which says a lot about where the concerns really lie in these markets. Brent has sold off quickly though so may be less sensitive to modest increases in the spread of the virus. Support may start to come in as it approaches $60.

Gold

Gold prices have been relatively stable over the last couple of weeks since events in the middle east settled down. Rallies are being sold into at the moment which signals weakness but the breakout of Coronavirus could complicate things.

We’re not seeing any significant safe haven moves right now but as the close in China on Thursday, prior to the weeklong new year holiday, risk aversion is creeping in. That could become more pronounced as the virus spreads and be supportive for gold prices.

Bitcoin

Bitcoin is as volatile as ever and enthusiasts are desperate as ever to attribute any market event that impacts regular instruments to the cryptocurrency market. We saw it earlier this year with the escalation in the middle east but they’ve gone a little quiet this week.

Bitcoin has been paring gains even as investors become a little more cautious, once again raising huge question marks over its haven status. Still, enthusiasts are relentless and that keeps the market volatile.

Source: marketpulse

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Market Analysis
EUR/USD Forecast: Euro set to fall? ECB expectations may be overconfident
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Market Analysis
Forex Today: Brexit in deep crisis, vaccine hopes resurface, all eyes on the ECB
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Market Analysis
Brent Oil resumes its core bear trend
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Market Analysis
ECB’s Muller: A timely exit from temporary emergency measures is important
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Market Analysis
Forex Today: Vaccine trial halt exacerbates risk off mood, Brexit, BOC, and US fiscal talks eyed
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Market Analysis
Gold Price Analysis: XAU/USD drops further and approaches $1,900/oz
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Market Analysis
Bitcoin Price Update: BTC bulls ready to strike back once $11,000 is cleared
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Market Analysis
Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes
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Market Analysis
EUR/USD risks deeper pullback as 1.20 peak looks far
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Market Analysis
Gold Price Analysis: Downside appears more compelling while below $1946 – Confluence Detector
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Market Analysis
Forex Today: Dollar stabilizes in the NFP aftermath, Oil tumbles amid holiday-thinned trading
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Market Analysis
Forex Week Ahead - Trump Closing the Gap
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Market Analysis
Nonfarm Payrolls Preview: Fed’s policy shift to introduce vital noise
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Market Analysis
Gold rebounds from weekly lows, turns neutral around $1945 region
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Market Analysis
EUR/USD trims losses and regains 1.1850 post-US ISM
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Market Analysis
Fed's Williams: Policymakers seek inflation that targets 2% over time
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Market Analysis
Bitcoin Cash Market Update: BCH fork is inevitable as Bitcoin ABC team separates from the project
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Market Analysis
Forex Today: Dollar climbs back from the abyss, ADP NFP, Fed speakers awaited
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Market Analysis
Forex Week Ahead – Bring on the Jobs Report
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Market Analysis
Forex Week Ahead – Jackson Hole Goes Virtual
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Market Analysis
Forex Week Ahead - The focus remains on COVID-19, the Fed and Congress
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Market Analysis
Forex Today: Gold up, dollar down amid stalled fiscal talks, vaccine hopes, ahead of jobless claims
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Market Analysis
Forex Week Ahead- Is the economic recovery stalling?
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Market Analysis
Forex Today: Dollar licking its wounds, gold gives ground, ahead of the all-important Fed decision
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Market Analysis
Forex Week Ahead – What more can the Fed do?
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Market Analysis
Bitcoin Market Update: BTC/USD hits a pause button before another bullish assault
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Market Analysis
EUR/USD Price Analysis: Potential correction ahead of further gains
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Market Analysis
Forex Today: China's payback weighs on markets, boosts dollar, PMIs, coronavirus figures eyed
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Market Analysis
GBP/USD: Technicals show bulls have the upper hand
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Market Analysis
Gold: Correction in sight after reaching nine-year highs
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Market Analysis
Forex Today: Dollar licking its wounds, gold shines, US coronavirus cases eyed after Trump's U-turn
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Market Analysis
Gold jumps to fresh multi-year tops, beyond $1820 level
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Market Analysis
Forex Today: EUR/USD sells the fact, Gold looking strong, Trump's coronavirus briefs make comeback
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Market Analysis
Bitcoin Market Update: BTC fails to live up to the status of digital gold
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Market Analysis
S&P 500 Futures Price Analysis: Bears retain control after rejection at falling trendline resistance
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Market Analysis
Forex Today: EU leaders can’t reach an agreement on the EU rescue fund
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Market Analysis
Forex Week Ahead – Focus remains on Virus Spread, Fiscal Stimulus, Rebounding data, and Earnings
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Market Analysis
EUR/USD continues to look at the 1.1495 March high
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Market Analysis
AUD/USD to remain resilient in the near-term
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Market Analysis
Forex Today: Dollar dominates ahead of EU Summit, updated look at the US consumer amid rising cases
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Market Analysis
Gold probes multi-day lows around $1,790/oz
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Market Analysis
EUR/USD Price Analysis: A test of 1.1420 appears closer
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Market Analysis
Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead
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Market Analysis
Gold to stay above $1800 fueled by lower real rates
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Market Analysis
ECB expected to keep rates unchanged
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Market Analysis
Forex Today: Vaccine, earnings optimism downs the dollar; eyes on COVID-19 stats, BOE’s Bailey
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Market Analysis
Forex Week Ahead – Bring on Earnings Season
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Market Analysis
Crude Oil Futures: Upside looks limited
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Market Analysis
ECB’s Lagarde: Economic recovery would be constrained, uncertain and fragmented
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Market Analysis
Forex Today: Gold eyeing $1,800, dollar mixed, as coronavirus, Hong Kong peg move markets
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Market Analysis
Gold Price Analysis: Holds steady above $1775 level, bullish bias remains
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Market Analysis
BOJ to project economic recovery in report next week – Reuters
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Market Analysis
Forex Today: Chinese optimism downs dollar as investors ignore US coronavirus, data eyed
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Market Analysis
Forex Week Ahead – Economic Reopening Continues
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