Forex

Yen, US Dollar May Fall in Pre-Positioning for FOMC Rate Decision

TALKING POINTS – NEW ZEALAND DOLLAR, YEN, US DOLLAR, FED, STOCKS NZ Dollar bounces from two-week low following business confidence data Yen may trim APAC session gains as S&P 500 futures hint at risk-on bias US Dollar may fall as markets position for a dovish FOMC rate decision The New Zealand Dollar outperformed in Asia …

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Crude Oil Prices Risk Deeper Losses After Support Break

CRUDE OIL & GOLD TALKING POINTS: Crude oil prices sink alongside stocks in broad-based risk aversion Break of counter-trend support hints WTI now aims below $46/bbl Gold prices test range top, follow-through unlikely before FOMC Sentiment-sensitive crude oil prices plunged alongside stocks as risk aversion swept financial markets in Wall Street trade. Gold prices managed …

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S&P 500, Crude Oil Prices Beyond 14-Month Low. AUD, NZD at Risk

Asia Pacific Market Open – S&P 500, Canadian Dollar, Crude Oil, Japanese Yen Sentiment relief in Asia trade fell apart, S&P 500 closed at its lowest in more than 14 months Crude oil prices weakened by market mood, reports of more US inventories. CAD fell apart New Zealand Dollar gains on business activity outlook may …

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AUD/USD Price Outlook: Aussie Bounces from Big Support Ahead of Fed

The Australian Dollar is down more than 2.7% against the greenback month-to-date with price trading just above confluence technical support into the weekly open. These are the updated targets and invalidation levels that matter on the AUD/USD charts heading into FOMC interest rate decision. Review this week’s Strategy Webinar for an in-depth breakdown of this …

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US Dollar Pulls Back from Yearly Highs Ahead of FOMC

US Dollar Talking Points: – The US Dollar is in focus this final full week of 2018, as the Wednesday FOMC meeting is widely-expected to bring the fourth 25 basis point rate hike out of the bank in 2018. This hike has been long-expected, and the big question is how hawkish the FOMC might be …

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USD Weakens as Markets Await Central Bank Bonanza – US Market Open

MARKET DEVELOPMENT – USD DROPS MARKETS AWAIT CENTRAL BANK BONANZA USD: The US Dollar has begun the week on the backfoot, losing ground against its major counterparts, with the exception of the Canadian Dollar. Losses in the greenback had been exacerbated by the large miss in the NY Fed Manufacturing Index, which dropped to 10.9, …

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Gold Prices Probe Support as US Dollar Gathers Steam

GOLD & CRUDE OIL TALKING POINTS: Gold prices fell as the US Dollar rose on Friday, sapping the appeal of fiat alternatives. The Greenback rose alongside other frequent beneficiaries of anti-risk capital flows – like the Japanese Yen and US Treasury bonds – as equities plunged. The MSCI World Stock index shed nearly 1.6 percent, …

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Yen May Fall Further Amid Cautious Optimism at Trading Week Start

TALKING POINTS – YEN, AUSTRALIAN DOLLAR, STOCKS, EUROZONE CPI, EURO Yen falls, Aussie and Kiwi Dollars rise in risk-on Asia Pacific trade S&P 500 futures hint the upbeat mood has scope for follow-through Euro unlikely to find a potent catalyst in revised Eurozone CPI data The sentiment-geared Australian and New Zealand Dollars narrowly outperformed while …

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Asia Markets Brace After S&P 500 April Low, Yen Prices May Gain

Asia Pacific Market Open – S&P 500, US Dollar, Euro, Crude Oil, Australian Dollar Market-wide risk aversion extends as S&P 500 closes at its lowest since April, USD climbs Crude oil prices declined with risk aversion, highlighting weakness amidst OPEC cut plans Australian Dollar at risk this week, especially against AUD/CAD. Yen likely to rise …

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Weekly Fundamental Forecast: Fed, BoE and BoE Rate Decisions in the Last Full Week of the Year

Japanese Yen Forecast – USD/JPY Rate Fails to Test Monthly-High Ahead of Fed Rate Decision USD/JPY may face range-bound conditions ahead of the Federal Reserve interest rate decision as it struggles to test the monthly-high (113.82). Oil Forecast – Crude Oil Prices Swamped by OPEC Cuts, Global Growth Fears, Fed Crude oil prices struggled rising …

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