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Forex Week Ahead

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Investors buoyed by apparent deceleration

It’s been an eventful start to the year and not exactly in the way than anyone would have anticipated even two months ago. Once again, once the initial panic has passed, investors have taken the spread of COVID-19 in their stride, a little too much you could argue.

The initial panic was that it could be as bad as SARS and yet, it’s been worse and it turns out investors aren’t that worried after all. The stock market can be a very strange place at times.

Next week is typically among the quieter of the month which means news around the coronavirus will continue to dominate. PMIs later in the week will also be of interest, as will minutes from the Fed, ECB and RBA.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Source: marketpulse

Investors buoyed by apparent deceleration

It’s been an eventful start to the year and not exactly in the way than anyone would have anticipated even two months ago. Once again, once the initial panic has passed, investors have taken the spread of COVID-19 in their stride, a little too much you could argue.

The initial panic was that it could be as bad as SARS and yet, it’s been worse and it turns out investors aren’t that worried after all. The stock market can be a very strange place at times.

Next week is typically among the quieter of the month which means news around the coronavirus will continue to dominate. PMIs later in the week will also be of interest, as will minutes from the Fed, ECB and RBA.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Source: marketpulse

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EUR/USD Forecast: Euro attacks strong resistance, why this could be a fakeout
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Market Analysis
Forex Today: High hopes for US fiscal stimulus boost sentiment, NFP hints eyed
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Market Analysis
Forex Today: Dollar rises after an ugly presidential debate, US data, end-of-month flows eyed
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Market Analysis
EUR/USD now looks to 1.1800 and above – UOB
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Market Analysis
S&P 500: Three critical policy disappointments behind the correction – Morgan Stanley
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Market Analysis
Bitcoin's mass adoption passes the point of no return
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Market Analysis
Forex Today: Dollar declines on hopes for a US fiscal deal, ahead of presidential debate
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Market Analysis
US Elections: A decisive Democratic victory to hit the USD – Nordea
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Market Analysis
Gold: Bearish pressures mounting
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Market Analysis
Forex Today: Dollar bulls take a breather amid an upbeat start to a Big week
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Market Analysis
Forex Week Ahead – Let the debates begin!
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Market Analysis
Bitcoin Price Prediction: BTC slips into “Buy the Dip” Zone
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Market Analysis
Gold: Eyes on August lows of $1863 ahead of US PMIs and round two Powell
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Market Analysis
Forex Today: US dollar’s haven demand in vogue ahead of a busy day
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Market Analysis
Gold remains on track to test the August low of $1863
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Market Analysis
EUR/USD Forecast: Bears now eyeing a sustained break below 1.1700 mark
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Market Analysis
Forex Today: Dollar buoyant ahead of Powell, UK PM Johnson’s COBRA meeting eyed
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Market Analysis
Gold Futures: Still room for extra gains
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Market Analysis
EUR/USD Forecast: Further consolidation looks likely ahead of Fed speakers
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Market Analysis
Forex Today: US dollar sags amid fiscal overhang, mounting coronavirus risks
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Market Analysis
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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