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Forex Week Ahead

Forex-week-ahead_virus-saga-continues_FXPIG

The primary driver for financial markets remains the coronavirus and its potential impact on the global economy.  It is still too early to forecast the peak of the virus or even the impact it will have on the Chinese economy.  The virus was spreading for a month before containment efforts were in place and most cases were mild.  If the virus continues to spread at a rapid rate, we might see Chinese businesses lose confidence in having their employees return to work around Feb 10th.  If China gets a big hit to GDP, we will see all their major trading partners suffer.  We should not be surprised if they are unable to deliver on their promises with the phase-one trade deal.  The risks to the global outlook are growing and we could still see the strong demand for US Treasuries help keep the dollar bid.

In addition to all the incremental virus updates, it will be an extremely busy week with rate decisions, voters in Iowa hit the polls in the first contest for the Democratic nomination and the US employment report which is expected to show the economy is not weak, but nowhere near overheating.

Country

US

Earnings season has been pretty robust, but the focus remains stuck on the coronavirus and its impact on the global economy.  US Treasury yields will continue to freefall if the coronavirus impact intensifies.  The dollar will likely see safe-haven flows if the 10-year breaks the record low of 1.32%.  US stocks could remain vulnerable as Asia reopens.

Next week, Google, Baidu, Sony, Cigna, BP, Total, Disney, and GM report results and they may struggle to replicate the strong results we just saw from Apple, Microsoft and Amazon.

US Politics

The Iowa Caucus is here and Former Vice President Joe Biden, the front-runner looks to derail Vermont Senator Bernie Sander’s recent momentum. The Democrats look to get closer in narrowing down the field and if we see Buttigieg or Warren deliver lackluster results we could learn quickly if Sanders can win over Warren’s supporters.

President Trump will also deliver his State of the Union address to a joint session in Congress.  This however is likely to be more of a campaign event than the announcement of anything new.

UK

The UK is finally leaving the European Union which means the topic of conversation can finally change from if to how. Trade discussions will now begin with the EU, something that should be less interesting and controversial for the UK public. Instead the last few weeks, the Bank of England has been the main topic of conversation with the odds of a rate cut having spiked. The central bank refrained from doing so this week and even indicated that the next move could be higher, rather than lower, just not likely soon. The pace of tightening is also now likely to be slower than previously anticipated. Of course, a lot could change over the coming months as we get more reliable data. The surveys have been better but the hard data needs to confirm or policy makers may be tempted to dip into the tool kit.

Russia

The Central Bank of Russia meets next week as policy makers look to solve the conundrum of why inflation has slipped below target and is continuing to trend lower even as it cuts interest rates. Another rate cut looks on the cards for the central bank as it looks to jump start the economy and hit its inflation target, two things that are currently eluding it. The economy may have other issues that, as with the rest of the world, could be resolved with more central government action but policy makers have plenty of room to lend a hand. At 6.25%, easing are efforts may be far from done but the recent cuts have been incremental and that looks likely to continue.

Mexico

In addition to tracking the weakness that is emerging markets, investors will pay close attention to Mexico’s release of January inflation data.  If we don’t see a strong rebound with prices, we could see calls for another rate cut to grow for the Banxico.

China

The only game in town is the spread of the coronavirus in China and beyond. The number of virus-related cases has now surpassed the total during the SARS epidemic in 2002-03, though fatalities remain low in comparison. The incubation period for the virus is estimated at 14 days, so the numbers are likely to continue to get worse until the 14-days of the first “lockdown” of cities in China. That should be the middle of next week. Any reports of virus-related deaths outside of China would be a severe hit for risk appetite.

Data has taken a back seat with the Wuhan virus grabbing the headlines. Next week’s data releases include the Caixin PMIs for both the manufacturing and services sectors (both seen little changed from the previous month) and the trade data for January. January included the Lunar New Year celebrations, so the risk is the headlines will look far worse than December’s solid numbers. Generally the market aggregates the January and February numbers to remove the distortions of the Lunar New Year break. A better-than-forecast number would be a positive for risk appetite.

Risk

The severity of the escalation in the spread and death toll from the Wuhan virus would hurt risk appetite, pressuring equities to the benefit of the usual safe havens of gold, the yen, the US dollar and US Treasuries. It would be negative for oil and industrial metals.

Hong Kong

Protests have died down though Carrie Lam is facing the same predicament one of her predecessors had in 2002-03. At that time, the leader faced opposition to China-backed national security legislation just as the SARS epidemic hit. Tung Chee-hwa resigned a few weeks later. Current leader Carrie Lam has already faced opposition to her plans to turn a newly-built housing estate into a quarantine facility as protesters set fir to the lobby area.

Risk

The severity of any protests remains the risk driver, with any escalation and violence a negative for the HK33 index and could push USD/HKD back to the upper half of the trading band. A single death in the SAR would intensify pressure for Carrie Lam to resign.

India

The Indian central bank is likely to leave its benchmark rate unchanged at Thursday’s meeting. This would be the second meeting in a row the Bank stands pat after five consecutive cuts in a row during the 2018-2019 period. India reported Thursday its first case of the coronavirus infection.

Risk

A surprise rate cut would push USD/INR higher but may benefit equities. More coronavirus reports would hurt sentiment.

Australia

This week’s data has forced local banks to push back RBA rate cut expectations to the middle of the year, though this has not helped the Aussie amid the current risk-off environment. Tuesday’s meeting is expected to keep benchmark rates unchanged with a forward guidance that refers to the spreading coronavirus.

Risk

A surprise cut or a very dovish accompanying statement would be negative for the AUD. We may get a reference to the economic impact of the bushfires in New South Wales and Victoria states.

New Zealand

Quarterly unemployment data is not expected to spring too many surprises, with estimates suggesting a slight improvement in Q4. The Kiwi dollar continues to be impacted by the risk-off theme across global markets.

Risk

Nothing particular to influence apart from global themes.

Japan

Nothing of note for this week

Risk

Not really applicable…..the stronger yen on the back of safe haven flows is not expected to influence the economy too much.

Market

Oil

After the biggest monthly drop in several months, OPEC + will look to see if they can do anything to prevent prices from collapsing any further.  Oil will have trouble stabilizing unless we see positive news on the virus front or if we see a significant amount of supply removed.  If OPEC delivers another 500k barrels per day of cuts, that could help stabilize prices.

Gold

It seems gold prices are on the verge of ripping higher.  The impact of the coronavirus on the global economy is unknown and it seems many investors may have been too optimistic.  Gold has been capped the $1,600 an ounce level, but if we see severe weakness when Asia returns to the market, we could easily prices target the $1,650 area.

Bitcoin

Bitcoin remains stuck near the upper boundaries of its 5-month range.  Positive steps on attracting mainstream commerce and as regulatory concerns take a backseat in the news cycle have helped Bitcoin rally above $9,000.  It will be difficult to break the $10,000 mark, but if it does we could see crypto enthusiasts return strongly.

Economic Releases and Events

Sunday, February 2nd

7:30 pm AUD Dec Building Approvals M/M: No est v 1.4% prior

8:45 pm CNY China Jan Caixin Manufacturing PMI: 51.0e v 51.5 prior

Monday, February 3rd

2:00 am Turkey Jan CPI Y/Y: 11.8%e v 11.8% prior

3:30 am Hong Kong Q4 Advance Q/Q: -2.2%e v -3.2%e prior; Y/Y: -4.0%e v -2.9% prior

3:55 am Germany Jan Final Manufacturing PMI: 45.2e v 45.2 prelim

4:00 am Eurozone Jan Final Manufacturing PMI: 47.8e v 47.8 prelim

4:30 am UK Jan Final Manufacturing PMI: 49.8e v 49.8 prelim

10:00 am US Jan ISM Manufacturing: 48.4e v 47.2 prior

10:00 am US Dec Construction Spending M/M: 0.4%e v 0.6% prior

4:00 pm Atlanta Fed President Bostic discusses Big Data, Machine Learning/AI, and Digital Money

4:45 pm New Zealand Dec Building Permits M/M: No est v -8.5% prior

10:30 pm Reserve Bank of Australia (RBA) Interest Rate Decision: Expected to leave the Cash Rate unchanged at 0.75%

Tuesday, February 4th

4:30 am UK Jan Construction PMI: No est v 44.4 prior

5:00 am Eurozone Dec PPI Y/Y: No est v -1.4% prior

10:00 am US Dec Factory Orders: 0.7%e v -0.7% prior

10:30 am Mexico Jan Manufacturing PMI: No est v 47.1 prior

4:45 pm New Zealand Q4 Unemployment Rate 4.2%e v 4.2% prior

8:30 pm RBA Governor Philip Lowe gives a speech, entitled The Year Ahead

8:30 PM BOJ’s Wakatabe Speech in Ehime

8:45 pm China Jan Caixin PMI Services: 52.0e v 52.5 prior

Wednesday, February 5th

Poland Central Bank (NBP) Interest Rate Decision: Expected to leave Base Rate unchanged at 1.50%

2:05 am Thailand Central Bank (BOT) Interest Rate Decision: Expected to leave the benchmark interest rate unchanged at 1.25%

5:00 am Eurozone Dec Retail Sales M/M: -0.5%e v 1.0% prior

8:15 am US Jan ADP Employment Change 150Ke v 202K prior

9:45 am US Jan Final Services PMI: 53.2 prelim v 53.2 prior

10:00 am US Jan ISM Non-Manufacturing Index: 55.1e v 55.0 prior

7:30 pm Australia Dec Retail Sales M/M: 0.1%e v 0.9% prior

7:30 pm Australia Dec Trade Balance (A$): 5.0Be v 5.8B prior

Thursday, February 6th

China Trade Data expected by end of week

1:15 am India Central Bank (RBI) Interest Rate Decision: Expected to keep Repurchase Rate unchanged at 5.15%

2:00 am Germany Dec Factory Orders M/M: 0.5%e v -1.3% prior

3:20 am ECB President Lagarde speaks in Brussels

4:00 am ECB publishes Economic Bulletin

7:00 am Czech National Bank (CNB) Interest Rate Decision: Expected to leave 2-week Repurchase Rate unchanged at 2.00%

8:30 am US Weekly Initial Jobless Claims

9:00 am ECB’s Villeroy speaks at conference on over-indebtedness in Paris

9:15 am Fed’s Kaplan speaks on Economic Outlook in Dallas

5:30 pm RBA Lowe’s semi-annual appearance before the House Economics Committee in Canberra

7:30 pm RBA Statement on Monetary Policy

9:00 pm New Zealand Inflation Expectations Q1: No est v 1.8% prior

Friday, February 7th

2:00 am Germany Dec Industrial Production M/M: -0.2%e v +1.1% prior

4:00 am Norway Q4 GDP Mainland Q/Q: 0.3%e v 0.7% prior

8:30 am USD Jan Nonfarm Payrolls: 160Ke v 145K prior; Unemployment Rate to stay steady at 3.5%

8:30 am USD Jan Average Hourly Earnings M/M: 0.3%e v 0.1% prior

8:30 am CAD Jan Net Change in Employment: 17.5Ke v +35.2K prior; Unemployment Rate: 5.7%e v 5.6% prior

11:00 am USD Fed publishes semi-annual Monetary Policy Report

Source: marketpulse

The primary driver for financial markets remains the coronavirus and its potential impact on the global economy.  It is still too early to forecast the peak of the virus or even the impact it will have on the Chinese economy.  The virus was spreading for a month before containment efforts were in place and most cases were mild.  If the virus continues to spread at a rapid rate, we might see Chinese businesses lose confidence in having their employees return to work around Feb 10th.  If China gets a big hit to GDP, we will see all their major trading partners suffer.  We should not be surprised if they are unable to deliver on their promises with the phase-one trade deal.  The risks to the global outlook are growing and we could still see the strong demand for US Treasuries help keep the dollar bid.

In addition to all the incremental virus updates, it will be an extremely busy week with rate decisions, voters in Iowa hit the polls in the first contest for the Democratic nomination and the US employment report which is expected to show the economy is not weak, but nowhere near overheating.

Country

US

Earnings season has been pretty robust, but the focus remains stuck on the coronavirus and its impact on the global economy.  US Treasury yields will continue to freefall if the coronavirus impact intensifies.  The dollar will likely see safe-haven flows if the 10-year breaks the record low of 1.32%.  US stocks could remain vulnerable as Asia reopens.

Next week, Google, Baidu, Sony, Cigna, BP, Total, Disney, and GM report results and they may struggle to replicate the strong results we just saw from Apple, Microsoft and Amazon.

US Politics

The Iowa Caucus is here and Former Vice President Joe Biden, the front-runner looks to derail Vermont Senator Bernie Sander’s recent momentum. The Democrats look to get closer in narrowing down the field and if we see Buttigieg or Warren deliver lackluster results we could learn quickly if Sanders can win over Warren’s supporters.

President Trump will also deliver his State of the Union address to a joint session in Congress.  This however is likely to be more of a campaign event than the announcement of anything new.

UK

The UK is finally leaving the European Union which means the topic of conversation can finally change from if to how. Trade discussions will now begin with the EU, something that should be less interesting and controversial for the UK public. Instead the last few weeks, the Bank of England has been the main topic of conversation with the odds of a rate cut having spiked. The central bank refrained from doing so this week and even indicated that the next move could be higher, rather than lower, just not likely soon. The pace of tightening is also now likely to be slower than previously anticipated. Of course, a lot could change over the coming months as we get more reliable data. The surveys have been better but the hard data needs to confirm or policy makers may be tempted to dip into the tool kit.

Russia

The Central Bank of Russia meets next week as policy makers look to solve the conundrum of why inflation has slipped below target and is continuing to trend lower even as it cuts interest rates. Another rate cut looks on the cards for the central bank as it looks to jump start the economy and hit its inflation target, two things that are currently eluding it. The economy may have other issues that, as with the rest of the world, could be resolved with more central government action but policy makers have plenty of room to lend a hand. At 6.25%, easing are efforts may be far from done but the recent cuts have been incremental and that looks likely to continue.

Mexico

In addition to tracking the weakness that is emerging markets, investors will pay close attention to Mexico’s release of January inflation data.  If we don’t see a strong rebound with prices, we could see calls for another rate cut to grow for the Banxico.

China

The only game in town is the spread of the coronavirus in China and beyond. The number of virus-related cases has now surpassed the total during the SARS epidemic in 2002-03, though fatalities remain low in comparison. The incubation period for the virus is estimated at 14 days, so the numbers are likely to continue to get worse until the 14-days of the first “lockdown” of cities in China. That should be the middle of next week. Any reports of virus-related deaths outside of China would be a severe hit for risk appetite.

Data has taken a back seat with the Wuhan virus grabbing the headlines. Next week’s data releases include the Caixin PMIs for both the manufacturing and services sectors (both seen little changed from the previous month) and the trade data for January. January included the Lunar New Year celebrations, so the risk is the headlines will look far worse than December’s solid numbers. Generally the market aggregates the January and February numbers to remove the distortions of the Lunar New Year break. A better-than-forecast number would be a positive for risk appetite.

Risk

The severity of the escalation in the spread and death toll from the Wuhan virus would hurt risk appetite, pressuring equities to the benefit of the usual safe havens of gold, the yen, the US dollar and US Treasuries. It would be negative for oil and industrial metals.

Hong Kong

Protests have died down though Carrie Lam is facing the same predicament one of her predecessors had in 2002-03. At that time, the leader faced opposition to China-backed national security legislation just as the SARS epidemic hit. Tung Chee-hwa resigned a few weeks later. Current leader Carrie Lam has already faced opposition to her plans to turn a newly-built housing estate into a quarantine facility as protesters set fir to the lobby area.

Risk

The severity of any protests remains the risk driver, with any escalation and violence a negative for the HK33 index and could push USD/HKD back to the upper half of the trading band. A single death in the SAR would intensify pressure for Carrie Lam to resign.

India

The Indian central bank is likely to leave its benchmark rate unchanged at Thursday’s meeting. This would be the second meeting in a row the Bank stands pat after five consecutive cuts in a row during the 2018-2019 period. India reported Thursday its first case of the coronavirus infection.

Risk

A surprise rate cut would push USD/INR higher but may benefit equities. More coronavirus reports would hurt sentiment.

Australia

This week’s data has forced local banks to push back RBA rate cut expectations to the middle of the year, though this has not helped the Aussie amid the current risk-off environment. Tuesday’s meeting is expected to keep benchmark rates unchanged with a forward guidance that refers to the spreading coronavirus.

Risk

A surprise cut or a very dovish accompanying statement would be negative for the AUD. We may get a reference to the economic impact of the bushfires in New South Wales and Victoria states.

New Zealand

Quarterly unemployment data is not expected to spring too many surprises, with estimates suggesting a slight improvement in Q4. The Kiwi dollar continues to be impacted by the risk-off theme across global markets.

Risk

Nothing particular to influence apart from global themes.

Japan

Nothing of note for this week

Risk

Not really applicable…..the stronger yen on the back of safe haven flows is not expected to influence the economy too much.

Market

Oil

After the biggest monthly drop in several months, OPEC + will look to see if they can do anything to prevent prices from collapsing any further.  Oil will have trouble stabilizing unless we see positive news on the virus front or if we see a significant amount of supply removed.  If OPEC delivers another 500k barrels per day of cuts, that could help stabilize prices.

Gold

It seems gold prices are on the verge of ripping higher.  The impact of the coronavirus on the global economy is unknown and it seems many investors may have been too optimistic.  Gold has been capped the $1,600 an ounce level, but if we see severe weakness when Asia returns to the market, we could easily prices target the $1,650 area.

Bitcoin

Bitcoin remains stuck near the upper boundaries of its 5-month range.  Positive steps on attracting mainstream commerce and as regulatory concerns take a backseat in the news cycle have helped Bitcoin rally above $9,000.  It will be difficult to break the $10,000 mark, but if it does we could see crypto enthusiasts return strongly.

Economic Releases and Events

Sunday, February 2nd

7:30 pm AUD Dec Building Approvals M/M: No est v 1.4% prior

8:45 pm CNY China Jan Caixin Manufacturing PMI: 51.0e v 51.5 prior

Monday, February 3rd

2:00 am Turkey Jan CPI Y/Y: 11.8%e v 11.8% prior

3:30 am Hong Kong Q4 Advance Q/Q: -2.2%e v -3.2%e prior; Y/Y: -4.0%e v -2.9% prior

3:55 am Germany Jan Final Manufacturing PMI: 45.2e v 45.2 prelim

4:00 am Eurozone Jan Final Manufacturing PMI: 47.8e v 47.8 prelim

4:30 am UK Jan Final Manufacturing PMI: 49.8e v 49.8 prelim

10:00 am US Jan ISM Manufacturing: 48.4e v 47.2 prior

10:00 am US Dec Construction Spending M/M: 0.4%e v 0.6% prior

4:00 pm Atlanta Fed President Bostic discusses Big Data, Machine Learning/AI, and Digital Money

4:45 pm New Zealand Dec Building Permits M/M: No est v -8.5% prior

10:30 pm Reserve Bank of Australia (RBA) Interest Rate Decision: Expected to leave the Cash Rate unchanged at 0.75%

Tuesday, February 4th

4:30 am UK Jan Construction PMI: No est v 44.4 prior

5:00 am Eurozone Dec PPI Y/Y: No est v -1.4% prior

10:00 am US Dec Factory Orders: 0.7%e v -0.7% prior

10:30 am Mexico Jan Manufacturing PMI: No est v 47.1 prior

4:45 pm New Zealand Q4 Unemployment Rate 4.2%e v 4.2% prior

8:30 pm RBA Governor Philip Lowe gives a speech, entitled The Year Ahead

8:30 PM BOJ’s Wakatabe Speech in Ehime

8:45 pm China Jan Caixin PMI Services: 52.0e v 52.5 prior

Wednesday, February 5th

Poland Central Bank (NBP) Interest Rate Decision: Expected to leave Base Rate unchanged at 1.50%

2:05 am Thailand Central Bank (BOT) Interest Rate Decision: Expected to leave the benchmark interest rate unchanged at 1.25%

5:00 am Eurozone Dec Retail Sales M/M: -0.5%e v 1.0% prior

8:15 am US Jan ADP Employment Change 150Ke v 202K prior

9:45 am US Jan Final Services PMI: 53.2 prelim v 53.2 prior

10:00 am US Jan ISM Non-Manufacturing Index: 55.1e v 55.0 prior

7:30 pm Australia Dec Retail Sales M/M: 0.1%e v 0.9% prior

7:30 pm Australia Dec Trade Balance (A$): 5.0Be v 5.8B prior

Thursday, February 6th

China Trade Data expected by end of week

1:15 am India Central Bank (RBI) Interest Rate Decision: Expected to keep Repurchase Rate unchanged at 5.15%

2:00 am Germany Dec Factory Orders M/M: 0.5%e v -1.3% prior

3:20 am ECB President Lagarde speaks in Brussels

4:00 am ECB publishes Economic Bulletin

7:00 am Czech National Bank (CNB) Interest Rate Decision: Expected to leave 2-week Repurchase Rate unchanged at 2.00%

8:30 am US Weekly Initial Jobless Claims

9:00 am ECB’s Villeroy speaks at conference on over-indebtedness in Paris

9:15 am Fed’s Kaplan speaks on Economic Outlook in Dallas

5:30 pm RBA Lowe’s semi-annual appearance before the House Economics Committee in Canberra

7:30 pm RBA Statement on Monetary Policy

9:00 pm New Zealand Inflation Expectations Q1: No est v 1.8% prior

Friday, February 7th

2:00 am Germany Dec Industrial Production M/M: -0.2%e v +1.1% prior

4:00 am Norway Q4 GDP Mainland Q/Q: 0.3%e v 0.7% prior

8:30 am USD Jan Nonfarm Payrolls: 160Ke v 145K prior; Unemployment Rate to stay steady at 3.5%

8:30 am USD Jan Average Hourly Earnings M/M: 0.3%e v 0.1% prior

8:30 am CAD Jan Net Change in Employment: 17.5Ke v +35.2K prior; Unemployment Rate: 5.7%e v 5.6% prior

11:00 am USD Fed publishes semi-annual Monetary Policy Report

Source: marketpulse

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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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