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Forex Week Ahead – Risk events galore

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Three weeks until the election

Next week is littered with major risk events, from stimulus talks in Washington to Brexit talks on the other side of the Atlantic. What’s more, earnings season has crept up on us, with Covid and the US election stealing all of the headlines. Apple is also releasing a new 5G iPhone so there really is something for everyone.

Country

US

The upcoming week is jam-packed with risk events.  First and foremost, stimulus talks will closely be watched to see if the Trump administration capitulates to House Speaker Nancy Pelosi’s demand to deliver a broader stimulus bill and not just a stand-alone bill to support the airlines.  The virus spread continues to intensify across most of the country and that will bring back stringent lockdowns and restrictive measures.  

Earnings season is upon us and this time, expectations are high for the banks to kick it off with a bang.  The big US banks are likely to post a profit in the third quarter and see estimated provision for loan loss reserves decline significantly.    

Technology stocks will likely take a queue from the reaction to Apple’s October 13 “Hi, Speed” event.  Apple is expected to unveil the biggest overhaul to the iPhone in years.  Four new iPhones that support 5g are expected to be released and if successful, could provide strong support to Apple and all of its suppliers.  

US Politics

It has been a couple of tough weeks for President Trump. He lost the first presidential debate against former-VP Biden, caught COVID-19, and has seen his poll numbers slide even further.  President Trump is eagerly looking to get back on the campaign trail and is also pushing for only in-person debates.  This election for many is a referendum on the Trump administration’s handling of the virus and right now the virus spread is worsening in the US.  With 41 states seeing a rise in new cases and 23 states with at least a 10% surge in hospitalizations, the country does not seem ready to handle a winter wave that could make the virus spread much worse.  

EU

We now know why policy makers were so keen to clarify Christine Lagarde’s comments on the exchange rate the weekend after last month’s meeting, with the minutes highlighting that they are indeed concerned about the pace of appreciation and the challenge it poses for inflation. I expect we’ll hear a lot more of these murmerings given the bloc has historically had with inflation and we could even see hints at more easing, with the challenges coming this winter.

Brexit

With one week to go until the mid-October “deadline” you would imagine the last week would have been very constructive as the two sides iron out the final differences and move towards a deal, but that wouldn’t be very Brexit, would it. This is going to the eleventh hour and that doesn’t mean next week. Another week of talks will take place and some compromise will be needed on the two remaining issues in order to signal there’s something worth taking to the last minute. This is going to drag on a little further and with every passing week, the pound is likely to increasingly see sensitivity to the prospect of no deal.

UK

No deal Brexit and a severe second wave of Covid remains the biggest downside risks for the UK economy in the final quarter and right now, both remain a significant possibility. The economy didn’t grow as expected in September and at 9.2% below pre-pandemic levels, hasn’t recovered to the extent the BoE anticipated. I imagine we’ll be hearing more easing noises from policy makers over the next couple of months with the extra QE funds running dry by the end of the year.

China

China released strong PMI data and saw impressive CNY appreciation on Friday after returning from an 8 day holiday.

Balance of Trade and Inflation data the week’s highlight with the political front quiet domestically.

Sentiment vulnerable to increasing anti-China rhetoric from White House and sanction threats on Tencent and Ant Financial.

Hong Kong

No data this week. Market anticipation building for Ant Financial IPO date which should come to market in the next two weeks before US election. Positive for technology stocks.

Evergrande dodging another debt bullet will give confidence to property sector equities.

India

RBI finally convened a new committee to announce rate decision Friday. The episode has been another black mark on India’s economic management.

Heavy data week Industrial Production still harshly negative, WPI rising and Balance of Trade negative continuing to hold India in a stagflationary embrace. Negative for Indian equities and fixed interest.

Covid-19 continues to crush economic activity and India’s potential recovery.

New Zealand

Election at the end of the week with the incumbent Labour Party set for landslide victory. Neutral to slightly positive for New Zealand Dollar and equities.

Covid-19 has been eliminated once again but RBNZ continues to be ultra dovish announcing preparation for negative interest rates. NZ Dollar in danger of tracing a major bearish reversal as a result.

Australia

Federal budget well received. Business confidence data expected to show continuing rebound. RBA rate decision Tuesday, unchanged with market looking for negative interest rate comments. If mentioned, strongly negative AUD.

Stocks and currency positive on the back of firm commodity prices and data. Both though are vulnerable to the nuances of the dreaded Trump tweet next week.

Japan

Services PMI and Household Spending expected to show domestic recovery remains slow and patchy. Yen negative. Talk still circulates of further fiscal stimulus although authorities are reluctant to commit.

Japan equities vulnerable to Trump tweets along with the rest of the world. USD/JPY has traced out a major bullish technical formation implying a move to 108.00 or higher.  

Markets

Oil

Oil prices are seeing a little profit-taking heading into the weekend following a 10% rally this week in response to a number of short-term bullish factors lifting the market. Hurricane Delta has been upgraded to category three and forced the closure of most oil production in the Gulf of Mexico, amounting to around 1.67 million barrels per day.

North sea outages as workers strike over pay has resulted in another 330,000 barrels of oil equivalent per day of additional shutins and that could rise to  966,000 by the middle of next week if a resolution isn’t found.

That’s a lot of lost production, it’s hardly surprising we’ve seen the spike we have. It also means there’s a long way to fall if the Hurricane causes minimal damage and the strike is resolved.

Gold

Trump’s confidence in a stimulus package being agreed is rubbing off on the markets and risk assets are reaping the benefits.

And right now, gold falls into that bracket, having aligned itself with positive risk apetite this year rather than its traditional safe haven role. There is an added element here as well, with gold also typically viewed as an inflation hedge so a massive stimulus package could be doubly positive for the yellow metal.

Despite the market getting excited about the prospect of stimulus, I’m not there yet and think this gold rally may be a little premature, leaving it vulnerable to a further corrective move to the downside.

This will only be short-term – the decline since August is, itself, corrective – but I don’t view this month as strongly risk on unless something changes. Still, a move above $1,920 may reinforce the counter view, at which point the $1,960-2,000 region becomes very interesting indeed. There’s a cluster of resistance here which, if overcome, could be very bullish indeed.

Economic Calendar

Saturday, Oct. 10

– Kim Jong Un might have a military parade to mark the 75th anniversary of North Korea’s ruling Workers’ Party.

Economic Data

China money supply and new yuan loans to be released sometime this week

Sunday, October 11th

– Hungary holds a special election for a parliamentary seat, with Prime Minister Viktor Orban’s legislative supermajority hanging in the balance. The race will test the united opposition, which plans to field joint candidates in the 2022 elections.

Monday, October 12th

– Bond markets will be closed in the US and Canada for the US Columbus Day holiday and Canada’s Thanksgiving Day, respectively.

– Brexit endgame:  The UK is coming up against another deadline to secure a trade deal with the EU.  Limited progress has been made as sticking points on fisheries and state aid remain.

– The UK is weighing tougher coronavirus restrictions after lockdown failures

– ECB President Christine Lagarde leads off the virtual annual meetings of the International Monetary Fund and the World Bank Group. Through Oct. 18.

– Bank of England policy maker Jonathan Haskel speaks on the University of Exeter Economics Society’s webinar.

– BOE Governor Andrew Bailey appears at the BOE Citizens’ Panel open forum.

– The Institute of International Finance holds its annual membership meeting. BOJ Governor Haruhiko Kuroda and Riksbank Governor Stefan Ingves are among the speakers at this five-day event. Live-streamed, through Oct. 16.

– Milken Institute 2020 Global Conference convenes virtually with a theme of “Meeting the Moment.” Speakers include Pfizer CEO Albert Bourla and Anthony Fauci, the top U.S. infectious-disease official. Though Oct. 21.

– Switzerland publishes updated economic forecasts.

Economic Data

Mexico industrial production

Japan PPI, core machine orders

South Africa manufacturing production

Turkey current account balance, unemployment

India CPI, industrial production

Tuesday, October 13th

Earnings Season begins!  JPMorgan and Citigroup kick things off in the morning.

– IMF World Economic Outlook is published

– Apple officially launches iPhone 12.  A total of four iPhones will be launched.

Economic Data

US September CPI M/M: 0.2% eyed v 0.4% prior

Mexico international reserves

New Zealand food prices

Japan money stock

Germany ZEW survey expectations

Turkey industrial production

UK unemployment rate, jobless claims

China trade

Wednesday, Oct. 14

-Hong Kong Chief Executive Carrie Lam delivers the annual policy address.

-IMF Managing Director Kristalina Georgieva and World Bank President David Malpass give press conferences from the annual IMF/World Bank Meetings

– Bank of America and Goldman Sachs report earnings before the bell.

-Fed Vice Chair Richard Clarida speaks with IIF President Tim Adams at the IIF annual meeting.

-Dallas Fed President Robert Kaplan and Randal Quarles, vice chair for supervision at the Fed, will speak on financial supervision at an event hosted by Hoover Economic Policy Working Group. Kaplan will also hold a virtual town hall on recent economic developments.

-ECB Chief Economist Philip Lane and Governing Council members Francois Villeroy de Galhau, Robert Holzmann and Pablo Hernandez de Cos speak during an online conference.

-BOE Chief Economist Andy Haldane gives the Engaging Business Summit autumn lecture.

Economic Data

US Sept PPI Final Demand M/M: 0.1% eyed v 0.3% prior

Australia Westpac consumer confidence

Singapore monetary authority policy statement, GDP

Japan industrial production, capacity utilization

India wholesale prices

South Africa retail sales

Euro-area industrial production

Thursday, October 15th

– EU leaders meet for a two-day summit in Brussels. Topics to be covered include Brexit, climate change, Covid-19 and relations with Africa.

– Minneapolis Fed President Neel Kashkari talks to NYU Stern’s Center on the economy. Richmond Fed President Thomas Barkin speaks at the Economic Club of New York.

– Bank of Canada’s Deputy Governor Timothy Lane speaks on a panel.

– EIA crude oil inventory report

Economic Data

US Weekly Initial Jobless Claims, Empire manufacturing: 12.0eyed v 17.0 prior

Australia unemployment, participation rate

Polish CPI

China PPI, CPI

Trade: Indonesia, India

Japan tertiary industry index

Italy industrial orders

Friday, October 16th

– US retail sales for September could show the slowdown is here already.  |

Economic Data

US: Baker Hughes rig count, September Advance Retail Sales M/M: 0.7% eyed v 0.6% prior, September Industrial Production 0.6%eyed v 0.4% prior, Oct Prelim Univ. of Michigan sentiment: 80.0eyed v 80.4 prior, TIC flows

Canada manufacturing sales

New Zealand performance of manufacturing index

Singapore non-oil domestic exports, electronic exports

Sovereign Rating Updates:

– United Kingdom (Moody’s)

– France (DBRS)

Source: marketpulse

Three weeks until the election

Next week is littered with major risk events, from stimulus talks in Washington to Brexit talks on the other side of the Atlantic. What’s more, earnings season has crept up on us, with Covid and the US election stealing all of the headlines. Apple is also releasing a new 5G iPhone so there really is something for everyone.

Country

US

The upcoming week is jam-packed with risk events.  First and foremost, stimulus talks will closely be watched to see if the Trump administration capitulates to House Speaker Nancy Pelosi’s demand to deliver a broader stimulus bill and not just a stand-alone bill to support the airlines.  The virus spread continues to intensify across most of the country and that will bring back stringent lockdowns and restrictive measures.  

Earnings season is upon us and this time, expectations are high for the banks to kick it off with a bang.  The big US banks are likely to post a profit in the third quarter and see estimated provision for loan loss reserves decline significantly.    

Technology stocks will likely take a queue from the reaction to Apple’s October 13 “Hi, Speed” event.  Apple is expected to unveil the biggest overhaul to the iPhone in years.  Four new iPhones that support 5g are expected to be released and if successful, could provide strong support to Apple and all of its suppliers.  

US Politics

It has been a couple of tough weeks for President Trump. He lost the first presidential debate against former-VP Biden, caught COVID-19, and has seen his poll numbers slide even further.  President Trump is eagerly looking to get back on the campaign trail and is also pushing for only in-person debates.  This election for many is a referendum on the Trump administration’s handling of the virus and right now the virus spread is worsening in the US.  With 41 states seeing a rise in new cases and 23 states with at least a 10% surge in hospitalizations, the country does not seem ready to handle a winter wave that could make the virus spread much worse.  

EU

We now know why policy makers were so keen to clarify Christine Lagarde’s comments on the exchange rate the weekend after last month’s meeting, with the minutes highlighting that they are indeed concerned about the pace of appreciation and the challenge it poses for inflation. I expect we’ll hear a lot more of these murmerings given the bloc has historically had with inflation and we could even see hints at more easing, with the challenges coming this winter.

Brexit

With one week to go until the mid-October “deadline” you would imagine the last week would have been very constructive as the two sides iron out the final differences and move towards a deal, but that wouldn’t be very Brexit, would it. This is going to the eleventh hour and that doesn’t mean next week. Another week of talks will take place and some compromise will be needed on the two remaining issues in order to signal there’s something worth taking to the last minute. This is going to drag on a little further and with every passing week, the pound is likely to increasingly see sensitivity to the prospect of no deal.

UK

No deal Brexit and a severe second wave of Covid remains the biggest downside risks for the UK economy in the final quarter and right now, both remain a significant possibility. The economy didn’t grow as expected in September and at 9.2% below pre-pandemic levels, hasn’t recovered to the extent the BoE anticipated. I imagine we’ll be hearing more easing noises from policy makers over the next couple of months with the extra QE funds running dry by the end of the year.

China

China released strong PMI data and saw impressive CNY appreciation on Friday after returning from an 8 day holiday.

Balance of Trade and Inflation data the week’s highlight with the political front quiet domestically.

Sentiment vulnerable to increasing anti-China rhetoric from White House and sanction threats on Tencent and Ant Financial.

Hong Kong

No data this week. Market anticipation building for Ant Financial IPO date which should come to market in the next two weeks before US election. Positive for technology stocks.

Evergrande dodging another debt bullet will give confidence to property sector equities.

India

RBI finally convened a new committee to announce rate decision Friday. The episode has been another black mark on India’s economic management.

Heavy data week Industrial Production still harshly negative, WPI rising and Balance of Trade negative continuing to hold India in a stagflationary embrace. Negative for Indian equities and fixed interest.

Covid-19 continues to crush economic activity and India’s potential recovery.

New Zealand

Election at the end of the week with the incumbent Labour Party set for landslide victory. Neutral to slightly positive for New Zealand Dollar and equities.

Covid-19 has been eliminated once again but RBNZ continues to be ultra dovish announcing preparation for negative interest rates. NZ Dollar in danger of tracing a major bearish reversal as a result.

Australia

Federal budget well received. Business confidence data expected to show continuing rebound. RBA rate decision Tuesday, unchanged with market looking for negative interest rate comments. If mentioned, strongly negative AUD.

Stocks and currency positive on the back of firm commodity prices and data. Both though are vulnerable to the nuances of the dreaded Trump tweet next week.

Japan

Services PMI and Household Spending expected to show domestic recovery remains slow and patchy. Yen negative. Talk still circulates of further fiscal stimulus although authorities are reluctant to commit.

Japan equities vulnerable to Trump tweets along with the rest of the world. USD/JPY has traced out a major bullish technical formation implying a move to 108.00 or higher.  

Markets

Oil

Oil prices are seeing a little profit-taking heading into the weekend following a 10% rally this week in response to a number of short-term bullish factors lifting the market. Hurricane Delta has been upgraded to category three and forced the closure of most oil production in the Gulf of Mexico, amounting to around 1.67 million barrels per day.

North sea outages as workers strike over pay has resulted in another 330,000 barrels of oil equivalent per day of additional shutins and that could rise to  966,000 by the middle of next week if a resolution isn’t found.

That’s a lot of lost production, it’s hardly surprising we’ve seen the spike we have. It also means there’s a long way to fall if the Hurricane causes minimal damage and the strike is resolved.

Gold

Trump’s confidence in a stimulus package being agreed is rubbing off on the markets and risk assets are reaping the benefits.

And right now, gold falls into that bracket, having aligned itself with positive risk apetite this year rather than its traditional safe haven role. There is an added element here as well, with gold also typically viewed as an inflation hedge so a massive stimulus package could be doubly positive for the yellow metal.

Despite the market getting excited about the prospect of stimulus, I’m not there yet and think this gold rally may be a little premature, leaving it vulnerable to a further corrective move to the downside.

This will only be short-term – the decline since August is, itself, corrective – but I don’t view this month as strongly risk on unless something changes. Still, a move above $1,920 may reinforce the counter view, at which point the $1,960-2,000 region becomes very interesting indeed. There’s a cluster of resistance here which, if overcome, could be very bullish indeed.

Economic Calendar

Saturday, Oct. 10

– Kim Jong Un might have a military parade to mark the 75th anniversary of North Korea’s ruling Workers’ Party.

Economic Data

China money supply and new yuan loans to be released sometime this week

Sunday, October 11th

– Hungary holds a special election for a parliamentary seat, with Prime Minister Viktor Orban’s legislative supermajority hanging in the balance. The race will test the united opposition, which plans to field joint candidates in the 2022 elections.

Monday, October 12th

– Bond markets will be closed in the US and Canada for the US Columbus Day holiday and Canada’s Thanksgiving Day, respectively.

– Brexit endgame:  The UK is coming up against another deadline to secure a trade deal with the EU.  Limited progress has been made as sticking points on fisheries and state aid remain.

– The UK is weighing tougher coronavirus restrictions after lockdown failures

– ECB President Christine Lagarde leads off the virtual annual meetings of the International Monetary Fund and the World Bank Group. Through Oct. 18.

– Bank of England policy maker Jonathan Haskel speaks on the University of Exeter Economics Society’s webinar.

– BOE Governor Andrew Bailey appears at the BOE Citizens’ Panel open forum.

– The Institute of International Finance holds its annual membership meeting. BOJ Governor Haruhiko Kuroda and Riksbank Governor Stefan Ingves are among the speakers at this five-day event. Live-streamed, through Oct. 16.

– Milken Institute 2020 Global Conference convenes virtually with a theme of “Meeting the Moment.” Speakers include Pfizer CEO Albert Bourla and Anthony Fauci, the top U.S. infectious-disease official. Though Oct. 21.

– Switzerland publishes updated economic forecasts.

Economic Data

Mexico industrial production

Japan PPI, core machine orders

South Africa manufacturing production

Turkey current account balance, unemployment

India CPI, industrial production

Tuesday, October 13th

Earnings Season begins!  JPMorgan and Citigroup kick things off in the morning.

– IMF World Economic Outlook is published

– Apple officially launches iPhone 12.  A total of four iPhones will be launched.

Economic Data

US September CPI M/M: 0.2% eyed v 0.4% prior

Mexico international reserves

New Zealand food prices

Japan money stock

Germany ZEW survey expectations

Turkey industrial production

UK unemployment rate, jobless claims

China trade

Wednesday, Oct. 14

-Hong Kong Chief Executive Carrie Lam delivers the annual policy address.

-IMF Managing Director Kristalina Georgieva and World Bank President David Malpass give press conferences from the annual IMF/World Bank Meetings

– Bank of America and Goldman Sachs report earnings before the bell.

-Fed Vice Chair Richard Clarida speaks with IIF President Tim Adams at the IIF annual meeting.

-Dallas Fed President Robert Kaplan and Randal Quarles, vice chair for supervision at the Fed, will speak on financial supervision at an event hosted by Hoover Economic Policy Working Group. Kaplan will also hold a virtual town hall on recent economic developments.

-ECB Chief Economist Philip Lane and Governing Council members Francois Villeroy de Galhau, Robert Holzmann and Pablo Hernandez de Cos speak during an online conference.

-BOE Chief Economist Andy Haldane gives the Engaging Business Summit autumn lecture.

Economic Data

US Sept PPI Final Demand M/M: 0.1% eyed v 0.3% prior

Australia Westpac consumer confidence

Singapore monetary authority policy statement, GDP

Japan industrial production, capacity utilization

India wholesale prices

South Africa retail sales

Euro-area industrial production

Thursday, October 15th

– EU leaders meet for a two-day summit in Brussels. Topics to be covered include Brexit, climate change, Covid-19 and relations with Africa.

– Minneapolis Fed President Neel Kashkari talks to NYU Stern’s Center on the economy. Richmond Fed President Thomas Barkin speaks at the Economic Club of New York.

– Bank of Canada’s Deputy Governor Timothy Lane speaks on a panel.

– EIA crude oil inventory report

Economic Data

US Weekly Initial Jobless Claims, Empire manufacturing: 12.0eyed v 17.0 prior

Australia unemployment, participation rate

Polish CPI

China PPI, CPI

Trade: Indonesia, India

Japan tertiary industry index

Italy industrial orders

Friday, October 16th

– US retail sales for September could show the slowdown is here already.  |

Economic Data

US: Baker Hughes rig count, September Advance Retail Sales M/M: 0.7% eyed v 0.6% prior, September Industrial Production 0.6%eyed v 0.4% prior, Oct Prelim Univ. of Michigan sentiment: 80.0eyed v 80.4 prior, TIC flows

Canada manufacturing sales

New Zealand performance of manufacturing index

Singapore non-oil domestic exports, electronic exports

Sovereign Rating Updates:

– United Kingdom (Moody’s)

– France (DBRS)

Source: marketpulse

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Forex Week Ahead – No ease up for Powell
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Market Analysis
BOE Quick Analysis: Bailey blasts sterling with specter of negative rates, why more falls are likely
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Market Analysis
ECB’s De Guindos: Euro exchange rate is fundamental for inflation
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Market Analysis
Forex Today: Fed drives dollar higher, gold and stocks lower, BOE, jobless claims eyed
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Market Analysis
Gold aims $1980 as focus shifts to Wednesday’s FOMC
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Market Analysis
GBP/USD to surge to 1.40 by September-2021 – UBS
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Market Analysis
Forex Today: Upbeat Chinese data boosts mood, Boris' bill passes first hurdle, Gold shines
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Market Analysis
Forex Week Ahead – More stimulus on the way?
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Market Analysis
ECB's Lane: Euro's rise dampens inflation outlook
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Market Analysis
Forex Today: King dollar holds the rein amid cautious optimism, eyes on US CPI
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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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