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Australian Dollar Looks Set To Struggle, March Lows In View
The Aussie Dollar had its problems before the Syria news ever broke. It had slipped for six out of seven sessions up to last Friday.
US Dollar: Rates-Driven Trend Complicated By Geopolitical Jitters
The US Dollar rose for a second week as Fed rate hike expectations continued to recover. An encouraging jobs report and US President Donald Trump’s seemingly cordial meeting with his Chinese counterpart Xi Jinping stood out as catalysts.
USD/CAD Eyes Monthly Opening Range Ahead Of BoC Meeting
USD/CAD continues to give back the advance from earlier this month as Canada Employment exceeds market expectations, with the region adding another 19.4K jobs in March.
USD/CNH At Resistance, Event Risks In Focus
This week, China will have a packed economic calendar, with monetary supply, New Yuan Loans, Consumer Price Index and more. As the USD/CNH is at a major resistance level, a better-than-expected Chinese print may lead to a reversal in the pair.
Sterling To Extend Losses On Slowing UK CPI, Average Weekly Earnings
The outlook for GBP/USD remains tilted to the downside amid deviating paths for monetary policy. The British Pound may struggle to preserve the advance from March as the economic docket is expected to show a downtick in U.K. price & wage growth.
Crude Oil Set To Consolidate After Sharp Run-Up
US crude oil continues its push higher, hitting a one-month high, as traders fear that supply may be affected after the US air strikes on Syria. Further upside may prove tricky as crude enters a congested trading zone between $52 and $55 a barrel.
Weekly Forecast: Geopolitics Clouds Financial Market Trends Anew
Geopolitics threaten to derail financial markets yet again as investors reckon with the aftermath of an unexpected US airstrike against Syria.
Preview For March NFPs And Trade Setups For USD-Pairs
March US Nonfarm Payrolls report expected to be another solid print after ADP Employment Change and ISM Services come in at high levels.
Crude Oil Prices Hit 1-Month High As The US Strikes Syria
Crude oil prices surged to a one-month high after an unexpected US airstrike against Syria stoked worries about regional supply disruption.
Lackluster Non-Farm Payrolls (NFP) Report To Stoke EUR/USD Rebound
Another 180K expansion in U.S. Non-Farm Payrolls may trigger a near-term decline in EUR/USD as the ongoing improvement in the labor market encourages the Federal Open Market Committee to raise the benchmark interest rate sooner rather than later.
Rattled Currency Markets Eye Trump, Xi Meeting And US Jobs Data
The anti-risk Japanese Yen soared while the sentiment-sensitive Australian Dollar succumbed to selling pressure as the US launched a missile strike on Syria, sending Asian markets scrambling.
EUR/USD Weighed By Dovish ECB Rhetoric; RSI Trigger On Tap?
The EUR/USD exchange rate may continue to give back the advance from the previous month amid the deviating paths for monetary policy.
FX Markets In Holding Pattern Ahead Of Tomorrow’s NFP Report
Unfortunately, while tomorrow's NFP report might bring about volatility, the volatility is only likely to be short-term. There are several macro-level questions that needed to be resolved.
Gold Prices To Fall If Trump, Xi Meeting Clears Fed Hike Path
Gold prices continue to mark time below key resistance at 1263.87 (February swing high, trend line). A Shooting Star candlestick coupled with negative RSI divergence hint a turn lower may be brewing ahead.
US Dollar May Rise If Trump, Xi Appear To Find Common Ground
All eyes turn to a meeting between Donald Trump and Xi Jinping, the Presidents of the US and China. Bellicose rhetoric from the White House has traders worried that a rift between the world’s top two economies.
Dull ISM Non-Manufacturing Survey To Dampen USD & Fed Outlook
A downtick in the ISM Non-Manufacturing survey may drag on the U.S. dollar as it dampens the outlook for growth and inflation, but an uptick in business sentiment may put increased pressure on the FOMC to raise the rates sooner rather than later.
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