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Forex Week Ahead

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Following a week that was filled with critical updates with the US-China trade war, markets will now focus on the beginning of earnings season, Brexit negotiations, a wrath of Chinese data that will look to see if GDP growth will test below 6% for the first time, and annual meetings from the IMF, which will deliver downward revisions to global growth forecasts when they present the latest World Economic Outlook.

Over the weekend, Chinese President Xi and Indian Prime Minister Modi hold informal meetings.  On Sunday, Poland will hold elections were the ruling Law & Justice party are heavy favorites to win.  Hungary also holds municipal elections.

Earnings season kicks off with the big banks (JP Morgan, Citigroup, Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley) and financial firms.  We also see results from Johnson & Johnson, Netflix, IBM, Coca-Cola and United Airlines.  If we see drastic cuts to guidance early this earnings season, we could see that be the trigger that finally turns the recent 5% pullback into a 10% correction.

We could see the fourth Democratic debate on Tuesday be a pivotal turning point for former Vice President Joe Biden as he looks to regain momentum from a surging Elizabeth Warren. If Senator Warren continues to rise in the polls, we could start to see diminishing forecasts for a bright 2020 for US stocks and that could weigh on USD/JPY.

On Friday, there are ratings reviews on UK (Fitch), Oman (S&P), and Croatia (Moody’s).

Monday, October 14

Chinese trade data

Singapore MAS Monetary Policy Statement

US Holiday

2:30 am INR India Wholesale Price Index

3:15 am EUR ECB’s De Guindos speaks in Madrid

5:00 am EUR Eurozone Industrial Production

8:00 am INR India Inflation data

8:10 am GBP BOE’s Cunliffe speaks in London

11:30 am SEK Riksbank’s Ohlsson speaks

8:30 pm AUD RBA Monetary Policy Meeting Minutes

8:30 pm JPY BOJ Kuroda speaks

9:30 pm CNY China Inflation data

  • Tuesday, October 15

Earnings Season Begins

12:30 am JPY Industrial Production data

3:00 am NOK Norges Bank Deputy Gov Nicolaisen speaks

4:25 am USD Fed’s Bullard speaks in London

4:30 am GBP UK Employment and Wage data

4:30 am GBP BOE Gov Carney speaks in Parliament

5:00 am EUR German ZEW survey

5:00 am EUR Eurozone ZEW survey

6:15 am SEK Riksbank Gov Ingves speaks

8:30 am USD Empire Manufacturing Index

8:30 am GBP BOE’s Vlieghe speaks

9:00 am USD Fed’s Bostic speaks

12:45 pm USD Fed’s George speaks

15:30 pm USD Fed’s Daly speaks

  • Wednesday, October 16

4:30 am GBP UK Inflation data

5:00 am EUR Eurozone Inflation data

8:30 am USD Retail Sales data

8:30 am CAD Canada Inflation data

8:30 am EUR ECB’s Knot speaks in NY

9:00 am GBP BOE Gov Carney takes part in panel at IMF event

10:45 am USD Fed’s Evans speaks

11:00 am EUR ECB’s Lane speaks

1:00 pm EUR Bundesbank President Weidmann speaks

2:00 pm USD Beige Book

4:00 pm SEK Riksbank Gov Ingves speaks

5:00 pm ECB’s Villeroy speaks

6:00 pm GBP BOE’s Carney speaks at Harvard Kennedy School

6:10 pm AUD RBA’s Debelle speaks

8:30 pm AUD Australia Employment data

  • Thursday, October 17

4:30 am GBP Retail Sales data

8:30 am USD Philly Fed Manufacturing Index, Housing data, Jobless claims

8:30 am CAD Manufacturing sales data

9:15 am USD Industrial Production data

11:00am USD Crude Oil Inventories

1:30 pm ECB’s Villeroy speaks

2:00 pm USD Fed’s Evans takes part in a panel

2:00 pm EUR ECB’s Visco speaks in DC

4:20 pm USD Fed’s Williams speaks

4:30 pm EUR ECB’s Knot and De Cos speaks in DC

7:30 pm JPY National CPI data

10:00 pm CNY China Q3 GDP data

10:00pm CNY China Industrial Production and Retail Sales data

  • Friday, October 18

9:00 am EUR Bank of Italy (BOI) release quarterly economic bulletin

9:00 am USD Fed’s Kaplan speaks

10:00 am USD CB Leading Index

10:05 am USD Fed’s George speaks

Markets

USD

The fate of the dollar firmly lies in the hands of the leaders of the world’s two largest economies. The dollar could see a major reversal if we see a trade truce that leads to greater optimism that a broader deal will be reached before the 2020 election. Monetary policy also plays an important, but for now the Fed’s lackluster pace of rate cuts is doing little to boost bearish USD bets. The interest rate differential is narrowing, but the dollar is still delivering a positive return and that will make life harder for traders to keep longer term bets against it. The next Fed policy meeting is on October 30th and we won’t see any major releases except for the advance Q3 GDP which isn’t released until hours before the Fed makes their next policy decision.

The dollar remains primarily focused on any major update with the trade war, Fed policy, and any significant risk-off trading days. Geopolitical risks could drive a strong haven bid for the dollar and we could see a temporary dollar rally on a flare up with Iran or further intensification with the Turkey/Syria war.

Bitcoin

Bitcoin seems to have found strong support around the $8,000 level. Regulatory scrutiny has heavily been priced in and we could see the crypto space focus more on both institutional and mainstream acceptance in the coming weeks.

With no major updates on the regulatory environment, pending ETF proposals or crypto conferences, we could see Bitcoin remain in broadening channel

Oil

Geopolitical risks from Ecuador, Iraq, Iran and Saudi Arabia should keep oil traders nervous about maintaining any longer-term bearish bets. A possible trade truce could provide a boost for demand outlooks globally. The steady build we have seen in recent weeks with US stockpiles is having less of an impact of late.

Oil trade should remain volatile but be slightly tilted for further upside. A major collapse in trade talk remains the main risk for another selloff with energy prices.

Gold

Political drama, trade tensions and risks of global military conflicts should provide a strong enough backdrop for gold to remain bid.  The partial trade deal will likely be scrutinized and the only see a limited selloff.  Volatility to remain high for gold traders and we could see some exaggerated moves on the break of the $1,530 an ounce level. To the downside, $1,465 remains critical support.

USD/MXN

US-China trade negotiations will set the direction of the Mexican peso. The MXN was on a downward spiral at the beginning of the week as China was seen talking a harder stance on trade with the US ahead of their talks in Washington. On Wednesday the position has softened somewhat by comments showing an open mind to a limited agreement, similar to the one just signed between the US and Japan.

Inflation remains tame in Mexico, giving the central bank room to cut its benchmark rate. The interest rate stands at 7.75% and leaves the Banxico plenty of flexibility going forward. Economic red flags have been popping up as foreign and domestic investment is down, and the gains in exports will not be enough to return the country to expansion. Mexico avoided a technical recession by having no growth in the second quarter. If it had fallen it would have marked two quarters of negative growth.

Immigration pressure from the US as 2020 presidential elections get underway. USMCA under the microscope as Democrats will not give Trump and easy political win. Domestic reforms have lagged rest of the region and political decisions are making investors uneasy.

Politics

Brexit

One week to go until the EU council meeting, at which it was hoped a Brexit deal would be agreed and ready to be signed off by all sides prior to the 31 October deadline. That is now looking very unlikely although talks will continue over the next week to work through the significant issues that still exist. Ultimately, it’s in neither side’s interest to compromise until much later in the day so we can expect more movement either later in the week or, more likely, later in the month.

The next week is likely to be comment heavy, with both sides aggressively stepping up the PR offensive which means more headlines and more volatility. UK instruments remain vulnerable to no-deal, while a short extension could provide near-term reprieve for the pound.

Spain

Snap elections scheduled for 10 November after the Socialist Party failed to form a coalition government, five months after winning the election.   Minimal risk. EUR not responsive to Spanish politics, election will be fourth in four years.

Argentina

Kristalina Georgieva started her mandate as head of the IMF this week and did not mention Argentina by name in her inaugural speech, but it will be top of her agenda. The country is nearing a default on its debt following the defeat of the pro-market president in the primaries. The election defeat by President Macri and the almost definitive victory by opposition candidate Alberto Fernandez has put serious doubts on the repayment of the debt already allocated to the South American nation.

The IMF has put on hold its disbursement of the next tranche of credit awaiting the results of the elections. After talking to all candidates last month it did not get enough warranties to greenlight the loan amount to be transferred.

As presidential elections approaches (October 27th) Alberto Fernandez’s lead appears insurmountable for Macri. An Argentinean default would rock emerging markets. IMF did not address Argentina, but a default could bankrupt the fund.

Hong Kong

The banning of wearing masks at anti-government rallies back-fired, resulting in rising tensions, more violence and the closing of some subway stations. The first direct interaction between protesters and mainland forces (simply a warning of arrest) has not escalated (yet) but it is difficult to see any light at the end of the tunnel.

Data releases are quite sparse into the end of the month, but there’s no doubt the protests are having an adverse impact on the economy. Last week’s rebound in the Hang Seng appears to be a blip and we’re heading lower this week. USD/HKD is almost at the top of its permitted trading band.

China

A mini-trade deal will heavily be scrutinized over the next couple of weeks as traders look to see if it will be reasonable to expect for a broader deal to be reached. On the data front it’s a busy week next week. Trade data is out on Monday, inflation numbers on Tuesday (not an issue for the PBOC at the moment) while retail sales, industrial production and fixed asset investment on Friday will have significant downside risks. Q3 GDP numbers also on Friday will grab the headlines. A deeper slowdown from the 6.1% expected from 6.2% in Q2 will wipe risk appetite off the slate.

PMI data was better than expected and the only data point of note next week will be new loans data on Thursday. Loans have been increasing at a tremendous lick for the past 10 months, suggesting stimulus is still flowing into the economy.

North Korea

It’s stalemate in the low-level nuclear talks between the US and North Korea with North Korea expectations and US concessions poles apart. Frictions have appeared with Japan too after a North Korean fishing trawler crashed into a Japanese patrol ship. Maybe Trump is giving up on any headline-grabbing peace deal as he focuses on impeachment, trade deals and next year’s elections.

Localised sabre rattling seems to be the norm, but an escalation in capabilities when it comes to missile firing would be a shock and negative for risk, from a geopolitical perspective.

India

The feel-good factor from the corporate tax cuts has evaporated quite quickly. India’s Q3 reporting season started today.

Wholesale inflation is on a downward path, and so is the economy, so the RBI rate cut at the start of the month could be followed by another one. The next meeting isn’t until December 5, so we should have an idea of the impact of the last rate cut.  Kashmir still remains a powder keg that could escalate and grab the headlines very quickly.

Weak earnings would pressure the IN50 index.  While not a global game-changing economy, an eventual RBI move would add to the list of dovish central banks.  An escalation of friction between the two neighbours could hit risk appetite in the region and force superpowers from both East and West to be dragged into the skirmish and forced to choose sides. That would be a huge negative for risk appetite.

Australia

The September employment report is due next Thursday and has become a major indictor for the RBA to focus on for its rate policy. Another weak report will heighten calls for another rate cut before year-end. Market pricing now suggests a near 50% chance of a 25 bps cut by December.

Talk of another cut post-jobs data will pressure the AUD across the board.  Without any news of a trade deal, or positive developments, this week will enhance the pressure on the commodity currency.

Canada

The October 21st election nears and many expect the winner to be dictated by who wins the suburbs around Toronto. Trudeau’s party seems set to win the most seats, but the popular vote could be a toss up against the Conservatives.  The loonie could see some gains if the Scheer’s conservative party wins. The election results will not likely derail any major currency flows that stem from trade war updates.

Turkey

Turkey’s offensive in Northern Syria is destabilizing the region. The US is concerned that ISIS military camps are at risks and their Kurdish partners are in harms way.   The lira could see a violent move if the 6.00 handle breaks. If the situation in Syria remains unstable and the US delivers sanctions, we could see the summer highs of 6.3756 tested.

Source: marketpulse

Following a week that was filled with critical updates with the US-China trade war, markets will now focus on the beginning of earnings season, Brexit negotiations, a wrath of Chinese data that will look to see if GDP growth will test below 6% for the first time, and annual meetings from the IMF, which will deliver downward revisions to global growth forecasts when they present the latest World Economic Outlook.

Over the weekend, Chinese President Xi and Indian Prime Minister Modi hold informal meetings.  On Sunday, Poland will hold elections were the ruling Law & Justice party are heavy favorites to win.  Hungary also holds municipal elections.

Earnings season kicks off with the big banks (JP Morgan, Citigroup, Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley) and financial firms.  We also see results from Johnson & Johnson, Netflix, IBM, Coca-Cola and United Airlines.  If we see drastic cuts to guidance early this earnings season, we could see that be the trigger that finally turns the recent 5% pullback into a 10% correction.

We could see the fourth Democratic debate on Tuesday be a pivotal turning point for former Vice President Joe Biden as he looks to regain momentum from a surging Elizabeth Warren. If Senator Warren continues to rise in the polls, we could start to see diminishing forecasts for a bright 2020 for US stocks and that could weigh on USD/JPY.

On Friday, there are ratings reviews on UK (Fitch), Oman (S&P), and Croatia (Moody’s).

Monday, October 14

Chinese trade data

Singapore MAS Monetary Policy Statement

US Holiday

2:30 am INR India Wholesale Price Index

3:15 am EUR ECB’s De Guindos speaks in Madrid

5:00 am EUR Eurozone Industrial Production

8:00 am INR India Inflation data

8:10 am GBP BOE’s Cunliffe speaks in London

11:30 am SEK Riksbank’s Ohlsson speaks

8:30 pm AUD RBA Monetary Policy Meeting Minutes

8:30 pm JPY BOJ Kuroda speaks

9:30 pm CNY China Inflation data

  • Tuesday, October 15

Earnings Season Begins

12:30 am JPY Industrial Production data

3:00 am NOK Norges Bank Deputy Gov Nicolaisen speaks

4:25 am USD Fed’s Bullard speaks in London

4:30 am GBP UK Employment and Wage data

4:30 am GBP BOE Gov Carney speaks in Parliament

5:00 am EUR German ZEW survey

5:00 am EUR Eurozone ZEW survey

6:15 am SEK Riksbank Gov Ingves speaks

8:30 am USD Empire Manufacturing Index

8:30 am GBP BOE’s Vlieghe speaks

9:00 am USD Fed’s Bostic speaks

12:45 pm USD Fed’s George speaks

15:30 pm USD Fed’s Daly speaks

  • Wednesday, October 16

4:30 am GBP UK Inflation data

5:00 am EUR Eurozone Inflation data

8:30 am USD Retail Sales data

8:30 am CAD Canada Inflation data

8:30 am EUR ECB’s Knot speaks in NY

9:00 am GBP BOE Gov Carney takes part in panel at IMF event

10:45 am USD Fed’s Evans speaks

11:00 am EUR ECB’s Lane speaks

1:00 pm EUR Bundesbank President Weidmann speaks

2:00 pm USD Beige Book

4:00 pm SEK Riksbank Gov Ingves speaks

5:00 pm ECB’s Villeroy speaks

6:00 pm GBP BOE’s Carney speaks at Harvard Kennedy School

6:10 pm AUD RBA’s Debelle speaks

8:30 pm AUD Australia Employment data

  • Thursday, October 17

4:30 am GBP Retail Sales data

8:30 am USD Philly Fed Manufacturing Index, Housing data, Jobless claims

8:30 am CAD Manufacturing sales data

9:15 am USD Industrial Production data

11:00am USD Crude Oil Inventories

1:30 pm ECB’s Villeroy speaks

2:00 pm USD Fed’s Evans takes part in a panel

2:00 pm EUR ECB’s Visco speaks in DC

4:20 pm USD Fed’s Williams speaks

4:30 pm EUR ECB’s Knot and De Cos speaks in DC

7:30 pm JPY National CPI data

10:00 pm CNY China Q3 GDP data

10:00pm CNY China Industrial Production and Retail Sales data

  • Friday, October 18

9:00 am EUR Bank of Italy (BOI) release quarterly economic bulletin

9:00 am USD Fed’s Kaplan speaks

10:00 am USD CB Leading Index

10:05 am USD Fed’s George speaks

Markets

USD

The fate of the dollar firmly lies in the hands of the leaders of the world’s two largest economies. The dollar could see a major reversal if we see a trade truce that leads to greater optimism that a broader deal will be reached before the 2020 election. Monetary policy also plays an important, but for now the Fed’s lackluster pace of rate cuts is doing little to boost bearish USD bets. The interest rate differential is narrowing, but the dollar is still delivering a positive return and that will make life harder for traders to keep longer term bets against it. The next Fed policy meeting is on October 30th and we won’t see any major releases except for the advance Q3 GDP which isn’t released until hours before the Fed makes their next policy decision.

The dollar remains primarily focused on any major update with the trade war, Fed policy, and any significant risk-off trading days. Geopolitical risks could drive a strong haven bid for the dollar and we could see a temporary dollar rally on a flare up with Iran or further intensification with the Turkey/Syria war.

Bitcoin

Bitcoin seems to have found strong support around the $8,000 level. Regulatory scrutiny has heavily been priced in and we could see the crypto space focus more on both institutional and mainstream acceptance in the coming weeks.

With no major updates on the regulatory environment, pending ETF proposals or crypto conferences, we could see Bitcoin remain in broadening channel

Oil

Geopolitical risks from Ecuador, Iraq, Iran and Saudi Arabia should keep oil traders nervous about maintaining any longer-term bearish bets. A possible trade truce could provide a boost for demand outlooks globally. The steady build we have seen in recent weeks with US stockpiles is having less of an impact of late.

Oil trade should remain volatile but be slightly tilted for further upside. A major collapse in trade talk remains the main risk for another selloff with energy prices.

Gold

Political drama, trade tensions and risks of global military conflicts should provide a strong enough backdrop for gold to remain bid.  The partial trade deal will likely be scrutinized and the only see a limited selloff.  Volatility to remain high for gold traders and we could see some exaggerated moves on the break of the $1,530 an ounce level. To the downside, $1,465 remains critical support.

USD/MXN

US-China trade negotiations will set the direction of the Mexican peso. The MXN was on a downward spiral at the beginning of the week as China was seen talking a harder stance on trade with the US ahead of their talks in Washington. On Wednesday the position has softened somewhat by comments showing an open mind to a limited agreement, similar to the one just signed between the US and Japan.

Inflation remains tame in Mexico, giving the central bank room to cut its benchmark rate. The interest rate stands at 7.75% and leaves the Banxico plenty of flexibility going forward. Economic red flags have been popping up as foreign and domestic investment is down, and the gains in exports will not be enough to return the country to expansion. Mexico avoided a technical recession by having no growth in the second quarter. If it had fallen it would have marked two quarters of negative growth.

Immigration pressure from the US as 2020 presidential elections get underway. USMCA under the microscope as Democrats will not give Trump and easy political win. Domestic reforms have lagged rest of the region and political decisions are making investors uneasy.

Politics

Brexit

One week to go until the EU council meeting, at which it was hoped a Brexit deal would be agreed and ready to be signed off by all sides prior to the 31 October deadline. That is now looking very unlikely although talks will continue over the next week to work through the significant issues that still exist. Ultimately, it’s in neither side’s interest to compromise until much later in the day so we can expect more movement either later in the week or, more likely, later in the month.

The next week is likely to be comment heavy, with both sides aggressively stepping up the PR offensive which means more headlines and more volatility. UK instruments remain vulnerable to no-deal, while a short extension could provide near-term reprieve for the pound.

Spain

Snap elections scheduled for 10 November after the Socialist Party failed to form a coalition government, five months after winning the election.   Minimal risk. EUR not responsive to Spanish politics, election will be fourth in four years.

Argentina

Kristalina Georgieva started her mandate as head of the IMF this week and did not mention Argentina by name in her inaugural speech, but it will be top of her agenda. The country is nearing a default on its debt following the defeat of the pro-market president in the primaries. The election defeat by President Macri and the almost definitive victory by opposition candidate Alberto Fernandez has put serious doubts on the repayment of the debt already allocated to the South American nation.

The IMF has put on hold its disbursement of the next tranche of credit awaiting the results of the elections. After talking to all candidates last month it did not get enough warranties to greenlight the loan amount to be transferred.

As presidential elections approaches (October 27th) Alberto Fernandez’s lead appears insurmountable for Macri. An Argentinean default would rock emerging markets. IMF did not address Argentina, but a default could bankrupt the fund.

Hong Kong

The banning of wearing masks at anti-government rallies back-fired, resulting in rising tensions, more violence and the closing of some subway stations. The first direct interaction between protesters and mainland forces (simply a warning of arrest) has not escalated (yet) but it is difficult to see any light at the end of the tunnel.

Data releases are quite sparse into the end of the month, but there’s no doubt the protests are having an adverse impact on the economy. Last week’s rebound in the Hang Seng appears to be a blip and we’re heading lower this week. USD/HKD is almost at the top of its permitted trading band.

China

A mini-trade deal will heavily be scrutinized over the next couple of weeks as traders look to see if it will be reasonable to expect for a broader deal to be reached. On the data front it’s a busy week next week. Trade data is out on Monday, inflation numbers on Tuesday (not an issue for the PBOC at the moment) while retail sales, industrial production and fixed asset investment on Friday will have significant downside risks. Q3 GDP numbers also on Friday will grab the headlines. A deeper slowdown from the 6.1% expected from 6.2% in Q2 will wipe risk appetite off the slate.

PMI data was better than expected and the only data point of note next week will be new loans data on Thursday. Loans have been increasing at a tremendous lick for the past 10 months, suggesting stimulus is still flowing into the economy.

North Korea

It’s stalemate in the low-level nuclear talks between the US and North Korea with North Korea expectations and US concessions poles apart. Frictions have appeared with Japan too after a North Korean fishing trawler crashed into a Japanese patrol ship. Maybe Trump is giving up on any headline-grabbing peace deal as he focuses on impeachment, trade deals and next year’s elections.

Localised sabre rattling seems to be the norm, but an escalation in capabilities when it comes to missile firing would be a shock and negative for risk, from a geopolitical perspective.

India

The feel-good factor from the corporate tax cuts has evaporated quite quickly. India’s Q3 reporting season started today.

Wholesale inflation is on a downward path, and so is the economy, so the RBI rate cut at the start of the month could be followed by another one. The next meeting isn’t until December 5, so we should have an idea of the impact of the last rate cut.  Kashmir still remains a powder keg that could escalate and grab the headlines very quickly.

Weak earnings would pressure the IN50 index.  While not a global game-changing economy, an eventual RBI move would add to the list of dovish central banks.  An escalation of friction between the two neighbours could hit risk appetite in the region and force superpowers from both East and West to be dragged into the skirmish and forced to choose sides. That would be a huge negative for risk appetite.

Australia

The September employment report is due next Thursday and has become a major indictor for the RBA to focus on for its rate policy. Another weak report will heighten calls for another rate cut before year-end. Market pricing now suggests a near 50% chance of a 25 bps cut by December.

Talk of another cut post-jobs data will pressure the AUD across the board.  Without any news of a trade deal, or positive developments, this week will enhance the pressure on the commodity currency.

Canada

The October 21st election nears and many expect the winner to be dictated by who wins the suburbs around Toronto. Trudeau’s party seems set to win the most seats, but the popular vote could be a toss up against the Conservatives.  The loonie could see some gains if the Scheer’s conservative party wins. The election results will not likely derail any major currency flows that stem from trade war updates.

Turkey

Turkey’s offensive in Northern Syria is destabilizing the region. The US is concerned that ISIS military camps are at risks and their Kurdish partners are in harms way.   The lira could see a violent move if the 6.00 handle breaks. If the situation in Syria remains unstable and the US delivers sanctions, we could see the summer highs of 6.3756 tested.

Source: marketpulse

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Market Analysis
Forex Today: Houston, we have a problem, US coronavirus, Fed gloom, crash markets, consumers eyed
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Obsessed
Killing Hope ( Before it Kills You )
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Market Analysis
Euro Fails at Resistance as Federal Reserve Expands Lending Program
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Market Analysis
Forex Today: Can the dollar lick its wounds? Fed speculation, geopolitics, and data eyed
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Market Analysis
GBP/USD: Brexit, coronavirus and protests to pressure the pound
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Market Analysis
Gold: The beginning of the end, $1600 by Q3
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Market Analysis
Forex Today: Dollar looking for a new direction after the excellent Non-Farm Payrolls, Lagarde eyed
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Market Analysis
Forex Week Ahead – The Recovery Continues
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Market Analysis
EUR/USD: 1.1333 initial target reached, aims 1.1495 March peak – Commerzbank
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Market Analysis
Crude Oil Futures: Cautiously positive
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Market Analysis
Forex Today: Risk-on mood continues downing the dollar and yen, will Non-Farm Payrolls change that?
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Market Analysis
Breaking: ECB leaves key rates unchanged, expands PEPP by €600 billion
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Market Analysis
ECB press conference: Lagarde speech live stream – June 4
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Market Analysis
Forex Today: Dollar struggles to recover as US protests calm, data beats, all eyes on ECB stimulus
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Market Analysis
EUR/USD: Room for further gains, albeit with a temporary retreat
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Market Analysis
Gold Price Analysis: XAU/USD drops back to $1720 amid risk-on rally in equities
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Market Analysis
Forex Today: US unrest? Stocks remain restless, extend surge, dollar dives to new lows, top NFP hints eyed
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Market Analysis
Gold Price Analysis: XAU/USD finds resistance near $1,745, drops toward $1,730
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Market Analysis
Russian oil output falls to 9.39 million bpd in May, close to OPEC+ goal – Interfax
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Market Analysis
GBP/USD: Brexit breakthrough and US demonstrations over George Floyd death to boost the pound
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Market Analysis
Forex Week Ahead – Sino-US Tensions Come to the Fore
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Market Analysis
Crude Oil Futures: Look neutral near-term
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Market Analysis
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
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Company News
Archiving Inactive Accounts & Server Boost
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Market Analysis
Trump urges states to open ‘ASAP’ as Dow surges
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Market Analysis
Gold Price Analysis: Battle lines well-defined, can it break higher?
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Market Analysis
Forex Today: Vaccine, Opening optimism overwhelms dollar, Sino-American tensions ignored (for now)
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Market Analysis
EUR/USD: At risk of extending its slide
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Market Analysis
Russia to temporarily ban oil product imports – Interfax
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Market Analysis
Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected
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Market Analysis
Forex Week Ahead – Reopening Momentum and China in focus
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Market Analysis
BOE’s Ramsden: It is reasonable to have an open mind on negative rates
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Market Analysis
FOMC minutes: Ready to pump in extra stimulus – UOB
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Market Analysis
Oil prices tumble alongside global equities amid fears about China turbulence
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Market Analysis
PBoC keeps extra easing on the table – UOB
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Market Analysis
US Dollar Index Price Analysis: Door open to further retracements
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Market Analysis
Gold Price Forecast: XAU/USD Rally Loses Steam
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Market Analysis
US Crude Oil Stocks Change at -5 million barrels in week ending May 15
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Market Analysis
Gold: Investors continue buying the yellow metal
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Market Analysis
Forex Today: Dollar decline resumes after breather due to vaccine doubts, Fed remains in focus
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Market Analysis
Powell speech: Continuing to look at ways to accommodate additional borrowers
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Market Analysis
Reasons for the US dollar weakness
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Market Analysis
Gold Price Analysis: Needs to recapture $1,747 to resume rally
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Market Analysis
After two months, regulators remove short-selling bans
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Market Analysis
EUR/USD: The downside is more appealing than the upside
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Market Analysis
Forex Today: Play down Powell and risk-on, markets also ignore Sino-American tensions, gold shines
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Market Analysis
Forex Week Ahead – More Easing on the Way
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Market Analysis
UK: Major downgrade to the GDP forecast – ABN Amro
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Market Analysis
RBNZ: Rates on hold, QE expanded – UOB
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Market Analysis
Forex Today: Dollar dominates after Powell's push back, darkening global clouds, ahead of claims
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Market Analysis
EIA: US Crude Oil Stocks Change at -0.7 million barrels in week ending May 8
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Market Analysis
Breaking: FOMC Chairman Powell says additional policy measures may be needed
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Market Analysis
Euro Latest: EUR/USD Could Break Lower, Powell Speech in Focus
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Market Analysis
Oil storage crisis fading on global production cuts and recovering demand
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Market Analysis
Fed's Bullard: Cannot continue economic shutdown for too long
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Market Analysis
Gold Price Analysis: Sustains the bounce above $1700 ahead of US CPI
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Market Analysis
Gold trades with modest gains, just above $1700 mark
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Market Analysis
US Dollar in Favour vs EUR/USD & GBP/USD, CHF Bulls Rise - COT Report
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Market Analysis
Forex Today: Markets shrug off horrible US jobs data, Bitcoin tumbles ahead of halving, lockdowns eyed
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Market Analysis
Forex Week Ahead – Reopening economies appear to be the only trade in town
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Market Analysis
Gold retreats from daily highs, steadies above $1,710
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Market Analysis
Oil: A drop in value does not mean it is a bargain
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Market Analysis
NFP: The worst report is the best for the US dollar
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Market Analysis
Australia heads for worst GDP contraction since at least 1960
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Market Analysis
Gold rallies to fresh highs for the month as US dollar and US yields sink
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Market Analysis
Fed's Kashkari: True unemployment rate is around 23-24%
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Market Analysis
US Dollar Index Price Analysis: Increasing bets for a retest of 101.00
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Market Analysis
Crude Oil Futures: Gains remain on the table near-term
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Market Analysis
Forex Today: Trump stokes tensions with China, euro licking its wounds, ADP Non-Farm Payrolls eyed
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Market Analysis
Forex Week ahead – Stimulus trade losing momentum?
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Market Analysis
Breaking: EUR/USD breaks above 1.10 on dollar weakness, levels to watch
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Market Analysis
Canada: Markit Manufacturing PMI slumps to 33 in April vs. 41.5 expected
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