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Forex Week Ahead

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The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns fall on the Davos forum, central bank rate decisions and earnings season.  The upcoming week is shortened since US equity and bond markets will be closed on Monday for the observance of the Martin Luther King Jr. holiday.  A good amount of attention will fall on Davos, Switzerland as world leaders and the biggest business billionaires will be addressing a wide-range of topics.

  • Disappointing UK PMI data could cement expectations for the BOE to cut rates at the end of the month
  • Euro could stabilize if the Eurozone manufacturing PMI readings have better than expected rebounds
  • Wall Street may finally start fading the US-China trade deal euphoria as the focus shifts to tech earnings

A few big rate decisions will occur this week with no changes in policy expected from the BOJ, BOC, and ECB.  ECB Chief Lagarde will also begin to outline the beginning of a complete outline of the monetary strategic review.  We could see some broad strokes but don’t expect any major hints on changes to their current tools in place.  The overall mood for risk appetite will take some queues from the German ZEW Survey and the euro zone flash PMI readings.  With some clarity being delivered from the phase-one trade deal, expectations are high for improving sentiment with manufacturers in Europe.  This week, the fate of the dollar will likely be more reliant on macro story from Europe than from any US economic data points.

Country

US

US stocks have been on a tear following a strong start to earnings season by the banks, the signing of the phase-one trade deal and de-escalation with the US-Iran conflict.  Despite the strong move with US equities, global currency volatility has fallen to a record low.  Right now, the Fed is widely expected to do nothing for the rest of the year regarding rates, but they will soon try to temper balance sheet growth expectations. The dollar remains overvalued but won’t break unless we start to see better than expected data globally.  With strong demand for US Treasuries the dollar could remain stubbornly strong in short-term.

The second week of earnings season will focus on tech as we will see results from Netflix, IBM and Intel.  Optimism is going for a better than expected earnings season as the banks have signaled the US consumer is strong and credit markets are healthy.

US Politics

While much of the mainstream media will focus on the impeachment trial of President Trump, Wall Street does not care.  Markets have shown almost no reaction to the entire impeachment process and remain heavily confident Trump will complete his first term.

UK

The topic of conversation has very much changed this week from the election result and Brexit to the Bank of England and an imminent interest rate cut. A series of weak data points combined with some dovish commentary from policymakers Silvana Tenreyro and Gertjan Vlieghe have ramped up the odds of a cut later this month from around 5% to above 70%. The timing looks a little peculiar given the period the data covers but there has clearly been a shift within the MPC towards a rate cut. The meeting on 30 January is now very much live and therefore the jobs data on Tuesday and PMIs on Friday, not to mention commentary from various policy makers, will be very closely followed next week.

Eurozone

The ECB meeting next week is unlikely to create too many fireworks. The previous stimulus package was substantial and is unlikely to be added to in the near-term, barring a dramatic change in the data. Expect more warnings about downside risks and the need for more of a response on the fiscal side.

Norway

The Norwegian central bank has been on a tightening cycle since the summer of 2018, raising rates four times in that period from 0.5% to 1.5% where it stands today. The January meeting is an interim meeting, meaning no press conference or new rate path. As such, no rate hike is likely at this meeting, but the statement may hold clues about the path of travel under the new committee and if that’s changed from the last 18 months.

Russia

Vladimir Putin is planning the for the end of his term in 2024 by, it seems, reducing the power of the Presidency and replacing the Prime Minister. It’s unclear at this stage what his plan is but it’s suggested he’s effectively laying the groundwork to hold onto power in another way via constitutional change. It wouldn’t be the first time he’s got around term limits but it seems he’s being a little more creative on this occasion while masking it as a democratic shift, giving more power to Parliament.

Mexico

The Mexican peso is rallying alongside all the Latin American currencies as the phase-one trade deal has triggered an emerging market rally.  Mexico is also benefitting from the Senate passing of the USMCA trade deal.  Mexico’s economy will see a strong bump with exports, but trader’s looking for further peso strength might be disappointed as outflows are possibly signaling hedge funds are cashing out of their trades.

Turkey

The lira could see further pressure as the initial rally following their fifth consecutive rate cut was faded.  Turkey has been slashing rates since the summer, a total reduction by 1,275 basis points has brought the one-week repo rate to 11.25%.  Turkey reportedly is pressuring state-owned banks to support their currency, but that is a dangerous game if the macroeconomic indicators take a turn for the worse.

Hong Kong

Tight short-term funding rates have pushed the Hong Kong dollar higher at the start of the year, with USD/HKD dropping into the lower half of the permitted trading band. Better funding conditions will likely see the FX pair moving higher, with the threat of a return to violent protests exerting upward pressure.

On the protest front, talk is that an “anti-communist” rally will be held next week, with a “rehearsal” staged last Sunday. That event passed peacefully but the risk is always there.

Data-wise, unemployment on Monday and consumer prices on Tuesday are the highlights.

Risk

As always, there is the risk that protests escalate and turn violent again, which would be negative for the HK33 index and could push USD/HKD back to the upper half of the trading band.

China

Now that the Phase 1 trade deal has been signed and details have been released, it’s up to Beijing to keep on track to deliver on its promises on US purchases. US has already said there will be no adjustment to China tariffs before the US presidential election in November, which will probably be the first evaluation as to how well China is adhering to the T&Cs.

Next week is a shortened week, with China starting to focus on the Lunar New Year holidays from mid-week onwards, though the celebrations don’t start until Friday. There are no major data releases next week.

Risk

Markets will be constantly monitoring China’s compliance with its commitment to purchase US goods, with a greater risk of under-performance rather than excess. That would be negative for risk, hurt the CN50 index and probably boost USD/CNH.

India

India’s Supreme Court is due to hear pleas challenging the new citizenship law on January 22, with tensions likely to be high in the run-up and more protests likely. It’s a question of how violent they get. There is talk that diplomatic channels are working on a US President Trump visit to India by end-February.

Risk

Escalation from either side or political rhetoric would be negative for the INR and Indian equities.

Australia

Thursday’s release of December employment data will be the key event to set the tone for the rest of the month. Now that the wildfires raging in Queensland and New South Wales appear to be gradually being brought under control, the real economic damage will start to be assessed. Implications for the insurance sector have been said to be manageable, but it is the amount of additional fiscal spending to rebuild that could have a greater impact. Economic activity for Q4 and beyond will no doubt take a hit, but a massive unplanned fiscal budget could hurt local bond markets and currency.

Risk

Any downside misses on the employment data could reignite dovish RBA chatter, which would be negative for the AUD. An exaggerated fiscal deficit would also be detrimental. There is still some talk that the RBA may be forced into QE in the second half of 2020, which could keep the Aussie pegged back.

New Zealand

Very quiet on the data front next week, with no other issues facing the country.

Japan

The BOJ rate meeting on Tuesday is expected to be another lame duck, with no shift in policy rates or bond buying programs expected. However, a dovish outlook report could hurt equities. December’s trade data on Thursday could perform better than expected, given the uptick in Chinese and South Korean numbers for the same month.

Risk

Continuing deterioration in exports could hit the Japan225 index, as would a dismal Q4 outlook. The yen, as usual, will be swayed by the risk-on, risk-off gyrations.

Market

Oil

Oil prices are stabilizing on improved demand outlooks since the phase-one trade deal will revive global manufacturing.  The oil rout may be over and we could start to see prices trade more rangebound.  If the global manufacturing rebound shows signs of improving next week, crude prices may remain supported.

Gold

US stocks are constantly making fresh record highs, currency volatility is at a record low, but something must give.  Gold prices are likely to see longer-term support as a plethora of geopolitical risks firmly remain in place.  Middle East tensions are likely flare up again, concerns are growing that the Fed will shortly address the tempering of balance sheet growth, and 2020 election uncertainty will keep long-term investors wanting to own gold.

Bitcoin

Bitcoin seems to have a firm bottom in place and as hedge-fund demand improves we could see prices look to make a run at the $10,000 level.  Selling pressures from regulatory hurdles seem to have run their course and investors are growing optimistic the halving event in May will provide significant support over the newt few months.

Economic Releases and Events

Monday, January 20th

2:00 am EUR Dec Germany PPI M/M: 0.0%e v 0.0% prior

3:30 am HKD Dec Hong Kong Unemployment Rate: 3.3%e v 3.2% prior

8:30 am CAD Dec Canada Teranet House Price Index M/M: No est v 0.2% prior

Bank of Japan (BOJ) Rate Decision: Expected to keep policy unchanged

Tuesday, January 21st

Davos World Economic Forum (ends on Friday)

1:00 am SEK SEB releases Nordic Outlook

2:00 am SEK Swedbank release Economic Outlook

4:30 am GBP Dec UK Jobless Claims Change: No est v 28.8K prior

4:30 am GBP Nov UK Average Weekly Earnings 3M/Y: No est v 3.2% prior

4:30 am GBP Nov UK ILO Unemployment Rate 3Months: 3.8%e v 3.8% prior

5:00 am EUR Jan Germany ZEW Current Situation: -13.5e v -19.9 prior

5:00 am EUR Jan Germany ZEW Expectations Survey: 13.0e v 10.7 prior

5:00 am EUR Jan Eurozone Expectations Survey: No est v 11.2 prior

7:00 am MXN Dec Mexico Unemployment Rate(non-seasonally adj): No est v 3.4% prior

8:30 am CAD Nov Manufacturing Sales M/M: No est v -0.7% prior

6:30 pm AUD Jan Australia Westpac Consumer Confidence Index: No est v 95.1 prior

Wednesday, January 22nd

2:45 am EUR Jan France Manufacturing Confidence: 101e v 102 prior

3:00 am ZAR Dec South Africa CPI Y/Y: 4.1%e v 3.6% prior

8:30 am CAD Dec Canada CPI Y/Y: 2.2% prior

8:30 am USD Dec Chicago Fed National Activity Index: No est v 0.56 prior

10:00 am CAD Bank of Canada (BOC) Interest Rate Decision: Expected to keep rates steady at 1.75%

10:00 am USD Dec Existing Home Sales M/M: 1.4%e v -1.7% prior

11:15 am CAD BOC Gov Poloz Rate Decision Press Conf

6:50 pm JPY Dec Japan Trade (JPY): -161.0Be v -82.1B prior

7:30 pm AUD Dec Australia Employment Change: 15.0Ke v 39.9K prior

Thursday, January 23rd

00:00 am SGD Dec Singapore CPI Y/Y: 0.7%e v 0.6% prior

3:30 am SEK Dec Sweden Unemployment Rate: No est v 6.8% prior

4:00 am NOK Norges Rate Decision: Expected to key rates steady at 1.50%

7:45 am EUR ECB Rate Decision: Expected to keep rates unchanged

8:00 am RUB Dec Russia Industrial Production Y/Y: 1.9%e v 0.3% prior

8:30 am USD Weekly Jobless Claims

10:00 am USD Dec Leading Index -0.2%e v 0.0% prior

10:00 am EUR Jan Advance Consumer Confidence: -8.0e v -8.1 prior

4:45 pm NZD Q4 CPI Q/Q: 0.4%e v 0.7% prior; Y/Y: 1.8%e v 1.5% prior

6:30 pm JPY Dec Japan National CPI Y/Y: 0.7%e v 0.5% prior

7:50 pm JPY BOJ Minutes of December Meeting

9:00 pm NZD Dec New Zealand Credit Card Spending Y/Y: No est v 4.5% prior

Friday, January 24th

00:00 am SGD Dec Singapore Industrial Production Y/Y: -0.8%e v -9.3% prior

3:15 am EUR France Jan Prelim Manufacturing PMI: No est v 50.4 prior

3:30 am EUR Germany Jan Prelim Manufacturing PMI: 44.2e v 43.7 prior

4:00 am EUR Eurozone Jan Prelim Manufacturing PMI: 46.7e v 46.3 prior

4:00 am ECB Survey of Professional Forecasters

4:30 am GBP UK Jan Manufacturing PMI: 48.1e v 47.5 prior

7:00 am MXN Nov Mexico IGAE Y/Y: No est v -0.78% prior

8:30 am CAD Nov Retail Sales M/M: No est v -1.2% prior

9:00 am EUR Jan Belgium Business Confidence: No est v -3.4 prior

9:45 am USD Jan US Markit Manufacturing PMI: 52.8e v 52.4 prior

Source: marketpulse

The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns fall on the Davos forum, central bank rate decisions and earnings season.  The upcoming week is shortened since US equity and bond markets will be closed on Monday for the observance of the Martin Luther King Jr. holiday.  A good amount of attention will fall on Davos, Switzerland as world leaders and the biggest business billionaires will be addressing a wide-range of topics.

  • Disappointing UK PMI data could cement expectations for the BOE to cut rates at the end of the month
  • Euro could stabilize if the Eurozone manufacturing PMI readings have better than expected rebounds
  • Wall Street may finally start fading the US-China trade deal euphoria as the focus shifts to tech earnings

A few big rate decisions will occur this week with no changes in policy expected from the BOJ, BOC, and ECB.  ECB Chief Lagarde will also begin to outline the beginning of a complete outline of the monetary strategic review.  We could see some broad strokes but don’t expect any major hints on changes to their current tools in place.  The overall mood for risk appetite will take some queues from the German ZEW Survey and the euro zone flash PMI readings.  With some clarity being delivered from the phase-one trade deal, expectations are high for improving sentiment with manufacturers in Europe.  This week, the fate of the dollar will likely be more reliant on macro story from Europe than from any US economic data points.

Country

US

US stocks have been on a tear following a strong start to earnings season by the banks, the signing of the phase-one trade deal and de-escalation with the US-Iran conflict.  Despite the strong move with US equities, global currency volatility has fallen to a record low.  Right now, the Fed is widely expected to do nothing for the rest of the year regarding rates, but they will soon try to temper balance sheet growth expectations. The dollar remains overvalued but won’t break unless we start to see better than expected data globally.  With strong demand for US Treasuries the dollar could remain stubbornly strong in short-term.

The second week of earnings season will focus on tech as we will see results from Netflix, IBM and Intel.  Optimism is going for a better than expected earnings season as the banks have signaled the US consumer is strong and credit markets are healthy.

US Politics

While much of the mainstream media will focus on the impeachment trial of President Trump, Wall Street does not care.  Markets have shown almost no reaction to the entire impeachment process and remain heavily confident Trump will complete his first term.

UK

The topic of conversation has very much changed this week from the election result and Brexit to the Bank of England and an imminent interest rate cut. A series of weak data points combined with some dovish commentary from policymakers Silvana Tenreyro and Gertjan Vlieghe have ramped up the odds of a cut later this month from around 5% to above 70%. The timing looks a little peculiar given the period the data covers but there has clearly been a shift within the MPC towards a rate cut. The meeting on 30 January is now very much live and therefore the jobs data on Tuesday and PMIs on Friday, not to mention commentary from various policy makers, will be very closely followed next week.

Eurozone

The ECB meeting next week is unlikely to create too many fireworks. The previous stimulus package was substantial and is unlikely to be added to in the near-term, barring a dramatic change in the data. Expect more warnings about downside risks and the need for more of a response on the fiscal side.

Norway

The Norwegian central bank has been on a tightening cycle since the summer of 2018, raising rates four times in that period from 0.5% to 1.5% where it stands today. The January meeting is an interim meeting, meaning no press conference or new rate path. As such, no rate hike is likely at this meeting, but the statement may hold clues about the path of travel under the new committee and if that’s changed from the last 18 months.

Russia

Vladimir Putin is planning the for the end of his term in 2024 by, it seems, reducing the power of the Presidency and replacing the Prime Minister. It’s unclear at this stage what his plan is but it’s suggested he’s effectively laying the groundwork to hold onto power in another way via constitutional change. It wouldn’t be the first time he’s got around term limits but it seems he’s being a little more creative on this occasion while masking it as a democratic shift, giving more power to Parliament.

Mexico

The Mexican peso is rallying alongside all the Latin American currencies as the phase-one trade deal has triggered an emerging market rally.  Mexico is also benefitting from the Senate passing of the USMCA trade deal.  Mexico’s economy will see a strong bump with exports, but trader’s looking for further peso strength might be disappointed as outflows are possibly signaling hedge funds are cashing out of their trades.

Turkey

The lira could see further pressure as the initial rally following their fifth consecutive rate cut was faded.  Turkey has been slashing rates since the summer, a total reduction by 1,275 basis points has brought the one-week repo rate to 11.25%.  Turkey reportedly is pressuring state-owned banks to support their currency, but that is a dangerous game if the macroeconomic indicators take a turn for the worse.

Hong Kong

Tight short-term funding rates have pushed the Hong Kong dollar higher at the start of the year, with USD/HKD dropping into the lower half of the permitted trading band. Better funding conditions will likely see the FX pair moving higher, with the threat of a return to violent protests exerting upward pressure.

On the protest front, talk is that an “anti-communist” rally will be held next week, with a “rehearsal” staged last Sunday. That event passed peacefully but the risk is always there.

Data-wise, unemployment on Monday and consumer prices on Tuesday are the highlights.

Risk

As always, there is the risk that protests escalate and turn violent again, which would be negative for the HK33 index and could push USD/HKD back to the upper half of the trading band.

China

Now that the Phase 1 trade deal has been signed and details have been released, it’s up to Beijing to keep on track to deliver on its promises on US purchases. US has already said there will be no adjustment to China tariffs before the US presidential election in November, which will probably be the first evaluation as to how well China is adhering to the T&Cs.

Next week is a shortened week, with China starting to focus on the Lunar New Year holidays from mid-week onwards, though the celebrations don’t start until Friday. There are no major data releases next week.

Risk

Markets will be constantly monitoring China’s compliance with its commitment to purchase US goods, with a greater risk of under-performance rather than excess. That would be negative for risk, hurt the CN50 index and probably boost USD/CNH.

India

India’s Supreme Court is due to hear pleas challenging the new citizenship law on January 22, with tensions likely to be high in the run-up and more protests likely. It’s a question of how violent they get. There is talk that diplomatic channels are working on a US President Trump visit to India by end-February.

Risk

Escalation from either side or political rhetoric would be negative for the INR and Indian equities.

Australia

Thursday’s release of December employment data will be the key event to set the tone for the rest of the month. Now that the wildfires raging in Queensland and New South Wales appear to be gradually being brought under control, the real economic damage will start to be assessed. Implications for the insurance sector have been said to be manageable, but it is the amount of additional fiscal spending to rebuild that could have a greater impact. Economic activity for Q4 and beyond will no doubt take a hit, but a massive unplanned fiscal budget could hurt local bond markets and currency.

Risk

Any downside misses on the employment data could reignite dovish RBA chatter, which would be negative for the AUD. An exaggerated fiscal deficit would also be detrimental. There is still some talk that the RBA may be forced into QE in the second half of 2020, which could keep the Aussie pegged back.

New Zealand

Very quiet on the data front next week, with no other issues facing the country.

Japan

The BOJ rate meeting on Tuesday is expected to be another lame duck, with no shift in policy rates or bond buying programs expected. However, a dovish outlook report could hurt equities. December’s trade data on Thursday could perform better than expected, given the uptick in Chinese and South Korean numbers for the same month.

Risk

Continuing deterioration in exports could hit the Japan225 index, as would a dismal Q4 outlook. The yen, as usual, will be swayed by the risk-on, risk-off gyrations.

Market

Oil

Oil prices are stabilizing on improved demand outlooks since the phase-one trade deal will revive global manufacturing.  The oil rout may be over and we could start to see prices trade more rangebound.  If the global manufacturing rebound shows signs of improving next week, crude prices may remain supported.

Gold

US stocks are constantly making fresh record highs, currency volatility is at a record low, but something must give.  Gold prices are likely to see longer-term support as a plethora of geopolitical risks firmly remain in place.  Middle East tensions are likely flare up again, concerns are growing that the Fed will shortly address the tempering of balance sheet growth, and 2020 election uncertainty will keep long-term investors wanting to own gold.

Bitcoin

Bitcoin seems to have a firm bottom in place and as hedge-fund demand improves we could see prices look to make a run at the $10,000 level.  Selling pressures from regulatory hurdles seem to have run their course and investors are growing optimistic the halving event in May will provide significant support over the newt few months.

Economic Releases and Events

Monday, January 20th

2:00 am EUR Dec Germany PPI M/M: 0.0%e v 0.0% prior

3:30 am HKD Dec Hong Kong Unemployment Rate: 3.3%e v 3.2% prior

8:30 am CAD Dec Canada Teranet House Price Index M/M: No est v 0.2% prior

Bank of Japan (BOJ) Rate Decision: Expected to keep policy unchanged

Tuesday, January 21st

Davos World Economic Forum (ends on Friday)

1:00 am SEK SEB releases Nordic Outlook

2:00 am SEK Swedbank release Economic Outlook

4:30 am GBP Dec UK Jobless Claims Change: No est v 28.8K prior

4:30 am GBP Nov UK Average Weekly Earnings 3M/Y: No est v 3.2% prior

4:30 am GBP Nov UK ILO Unemployment Rate 3Months: 3.8%e v 3.8% prior

5:00 am EUR Jan Germany ZEW Current Situation: -13.5e v -19.9 prior

5:00 am EUR Jan Germany ZEW Expectations Survey: 13.0e v 10.7 prior

5:00 am EUR Jan Eurozone Expectations Survey: No est v 11.2 prior

7:00 am MXN Dec Mexico Unemployment Rate(non-seasonally adj): No est v 3.4% prior

8:30 am CAD Nov Manufacturing Sales M/M: No est v -0.7% prior

6:30 pm AUD Jan Australia Westpac Consumer Confidence Index: No est v 95.1 prior

Wednesday, January 22nd

2:45 am EUR Jan France Manufacturing Confidence: 101e v 102 prior

3:00 am ZAR Dec South Africa CPI Y/Y: 4.1%e v 3.6% prior

8:30 am CAD Dec Canada CPI Y/Y: 2.2% prior

8:30 am USD Dec Chicago Fed National Activity Index: No est v 0.56 prior

10:00 am CAD Bank of Canada (BOC) Interest Rate Decision: Expected to keep rates steady at 1.75%

10:00 am USD Dec Existing Home Sales M/M: 1.4%e v -1.7% prior

11:15 am CAD BOC Gov Poloz Rate Decision Press Conf

6:50 pm JPY Dec Japan Trade (JPY): -161.0Be v -82.1B prior

7:30 pm AUD Dec Australia Employment Change: 15.0Ke v 39.9K prior

Thursday, January 23rd

00:00 am SGD Dec Singapore CPI Y/Y: 0.7%e v 0.6% prior

3:30 am SEK Dec Sweden Unemployment Rate: No est v 6.8% prior

4:00 am NOK Norges Rate Decision: Expected to key rates steady at 1.50%

7:45 am EUR ECB Rate Decision: Expected to keep rates unchanged

8:00 am RUB Dec Russia Industrial Production Y/Y: 1.9%e v 0.3% prior

8:30 am USD Weekly Jobless Claims

10:00 am USD Dec Leading Index -0.2%e v 0.0% prior

10:00 am EUR Jan Advance Consumer Confidence: -8.0e v -8.1 prior

4:45 pm NZD Q4 CPI Q/Q: 0.4%e v 0.7% prior; Y/Y: 1.8%e v 1.5% prior

6:30 pm JPY Dec Japan National CPI Y/Y: 0.7%e v 0.5% prior

7:50 pm JPY BOJ Minutes of December Meeting

9:00 pm NZD Dec New Zealand Credit Card Spending Y/Y: No est v 4.5% prior

Friday, January 24th

00:00 am SGD Dec Singapore Industrial Production Y/Y: -0.8%e v -9.3% prior

3:15 am EUR France Jan Prelim Manufacturing PMI: No est v 50.4 prior

3:30 am EUR Germany Jan Prelim Manufacturing PMI: 44.2e v 43.7 prior

4:00 am EUR Eurozone Jan Prelim Manufacturing PMI: 46.7e v 46.3 prior

4:00 am ECB Survey of Professional Forecasters

4:30 am GBP UK Jan Manufacturing PMI: 48.1e v 47.5 prior

7:00 am MXN Nov Mexico IGAE Y/Y: No est v -0.78% prior

8:30 am CAD Nov Retail Sales M/M: No est v -1.2% prior

9:00 am EUR Jan Belgium Business Confidence: No est v -3.4 prior

9:45 am USD Jan US Markit Manufacturing PMI: 52.8e v 52.4 prior

Source: marketpulse

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Market Analysis
Forex Today: New week, same corona carnage, dollar down vs. majors, excels elsewhere, US Senate eye
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Market Analysis
Forex Week ahead – Tougher times ahead?
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Market Analysis
Gold rallies further beyond $1500 mark, fresh session tops
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Market Analysis
ECB’s stimulus package: Lagarde’s “Whatever it Takes” moment – UOB
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Market Analysis
Forex Today: Dollar takes a breather, coronavirus claims 10,000 lives, “quadruple witching” eyed
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Market Analysis
Canada: BoC to keep the system running – RBC Economics
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Market Analysis
Oil: Several OPEC members calling for new action – ANZ
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Market Analysis
Euro at Risk Ahead of German IFO Data and SNB Rate Decision
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Market Analysis
Crude Oil Futures: Still scope for a rebound… but when?
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Market Analysis
Gold slides further below $1500 mark, losing around 2.5% for the day
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Market Analysis
Base metals: Sign of weakening demand emerging – ANZ
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Market Analysis
EUR/USD: Typical dead cat bounce ove
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Market Analysis
Gold Prices Slide Again As Coronavirus Prompts Cash Raising
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Market Analysis
Forex Today: Dollar dominant as markets bounce after Trump's recession talk, focus on fiscal stimulus
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Market Analysis
BoJ Governor Kuroda: Possible to deepen negative interest rates further
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Market Analysis
EUR/USD: Faced rejection near the 1.1200 round-figure mark
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Market Analysis
Forex Week Ahead – Fed and BOJ to add more to the punchbowl, Virus disruption, and a fourth week of heightened volatility
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Market Analysis
US: Fed to cut 100bps at its next meeting – Deutsche Bank
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Market Analysis
ECB: EUR/USD heading lower as looks for fiscal measures – Danske Bank
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Market Analysis
Gold: Wave of selling also hit the yellow metal
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Market Analysis
Gold surrenders early gains, back near $1640 level despite coronavirus-led jitters
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Market Analysis
Forex Today: Trump fails to reassure coronavirus-concerned America, stocks down, gold up, ECB eyed
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Market Analysis
Euro Analysis Ahead of ECB Rate Decision and Lagarde Outlook
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Market Analysis
Gold Price Pullback Fizzles Amid Speculation for More Fed Rate Cuts
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Market Analysis
Breaking: GBP/USD tumbles as BOE surprises with 50bp cut to 0.25% ahead of UK budget
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Market Analysis
Forex Today: Yen rallies hard as US stimulus doubts, coronavirus fears hit stocks, USD and yields
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Market Analysis
EUR/USD resuming rise amid doubts over US fiscal stimulus
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Market Analysis
Forex Today: Dollar dominates after the coronavirus crash amid Trump's tax promises, Chinese hopes
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Market Analysis
Global shares plunge in worst day since financial crisis
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Market Analysis
Forex Today: Monday mayhem, wild currency moves, Gold fakeout, oil -30%, amid coronavirus panic
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Market Analysis
Oil Prices Crash 25% As Oil War Begins
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Company News
Time to Spring Forward
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Market Analysis
Forex Week ahead – Market volatility here to stay
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Market Analysis
The Fed could cut rates further at the March meeting – UOB
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Market Analysis
Gold remains confined in a range, around $1640
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Market Analysis
EUR/USD flirting with daily highs around 1.1140
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Market Analysis
EUR/USD – Euro Rally May Just Be Getting Started vs US Dollar
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Market Analysis
US Pres. Trump: Fed should ease and “cut rate big”
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Market Analysis
BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates
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Market Analysis
Coronavirus update: First confirmed case in London, total infections in Iran at 1,501
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Market Analysis
EUR/JPY Price Analysis: Upside stalled just ahead of the 200-day SMA
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Market Analysis
Forex Week Ahead – Central Banks, OPEC + and Governments prepare to cushion the coronavirus impact
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Market Analysis
US: Markets not focused on Super Tuesday
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Market Analysis
ECB's Vasiliauskas says extraordinary meeting may be called over coronavirus, EUR/USD off the highs
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Market Analysis
Markets in freefall: Carney warns UK faces downgrade over coronavirus – latest updates
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Market Analysis
ECB's Schnabel: Coronavirus increased uncertainty about global growth outlook
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Market Analysis
EUR/USD now looks to 1.0925 – UOB
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Market Analysis
Gold clings to gains near session tops, around $1650 region
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Market Analysis
Forex Today: Coronavirus clobbers markets, dollar on the defensive (for now), Bitcoin battered
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Market Analysis
Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt
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Market Analysis
Gold corrects further from multi-year tops, slides to $1635 area
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Market Analysis
Forex Today: Turn-up Tuesday? Dollar, stocks bouncing, Gold down, after coronavirus-related plunge
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Market Analysis
EUR/JPY Price Analysis: Decline is challenging the 200-day SMA
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Market Analysis
US Dollar Index Price Analysis: Still scope for a move to 100.00
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Market Analysis
Forex Week ahead – Race to face the Don
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Market Analysis
FED: Three arguments for a rate cut – Nordea
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Market Analysis
Breaking: EUR/USD jumps above 1.08 as German Manufacturing PMI beats with 47.8
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Company News
FXSniper X2 Risk Available in EURO Now
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Market Analysis
GBP/USD: Overnight sharp fall
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Market Analysis
Forex Today: Long-term extremes for EUR/USD, USD/JPY, AUD/USD, Gold amid coronavirus fears, USD rally
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Market Analysis
Asian stocks slip as virus' regional spread spooks investors
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Market Analysis
Gold Futures: Green light for extra gains
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Market Analysis
EUR/USD: Possible test of 1.06 – Danske Bank
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Market Analysis
Forex Today: Yen slips as risk recovers on fading coronavirus fears; UK CPI – up next
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Market Analysis
RBA Minutes: Prepared to ease monetary policy further – ANZ
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Market Analysis
BoJ expected to ease further into 2020 – UOB
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Market Analysis
Forex Today: Risk sold amid coronavirus-led rising economic costs; a busy docket ahead
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Company News
EuroHook Pamm - The Fishermans's Bastion
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Market Analysis
EUR/USD: A bottom looks closer – UOB
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Market Analysis
Forex Week Ahead – Turning a Corner on COVID-19
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Market Analysis
Oil: Energy sector up
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Market Analysis
GBP/USD: Upsurge testing major resistance
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Market Analysis
Forex Today: EUR/USD falls toward Macron gap, Pound enjoys Javid jump, US consumer, coronavirus eyed
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Market Analysis
Australian dollar: Under the weight of the world – Westpac
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Market Analysis
US Dollar May Rise on Haven Demand as Coronavirus Fears Swell
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Market Analysis
Gold Price Analysis: Levels to watch after coronavirus-fueled jump – Confluence Detector
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Market Analysis
Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains
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