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    AUD/USD Rate Approaches 2020 High Ahead of RBA Rate Decision

    In the months leading up to the release of the RBA rate decision, one currency pair is poised to benefit greatly from the bank of America’s new high rate environment. It’s not the Euro, or Yen, or Canadian Dollars, or Swiss Franc that may cause a hike to influence market sentiment, but rather the AUD/USD rate. By the time the Bank of America rate decision is announced, the AUD/USD rate could be nearing an all-time high. As a result, it could be the most important major currency pair to watch for the minutes leading up to the announcement. What the rate decision will be saying about the strength of the…

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    Copper Poised to Move Higher as Market Dismisses Virus Concerns

    People generally think that copper is an element that you only see in old copper coins, and this assumption makes them think that the price of copper will decline if the market turns against it. The opposite happens in the case of copper, which is a well-understood element that can hold its value. However, the world is facing the biggest economic crisis since the Great Depression, and not just because there is a war going on somewhere. There are several elements involved, but none more serious than the latest outbreak of the cyber-virus known as the “WannaCry” virus. Any business that wants to succeed will need a comprehensive program that…

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    EUR/USD Rally In Danger Despite Fresh Stimulus Injection

    EUR/USD Rally In Danger Despite Fresh Stimulus Injection May Be The Beginning Of A New Beginning. But Will It Be Enough? As the political, economic and social forces in the Western world continue to converge on a closer alignment, markets tend to follow the dictates of common sense, common reason and common human nature. As long as governments and central banks around the world continue to artificially prop up their currency values, the market will “continue” to strengthen. If the current monetary policy environments remain firmly entrenched, there may be more of an opportunity for investors and traders to make gains. The European recession is an unfortunate confluence of factors.…

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    USD/MXN Outlook: Profit-Taking, FOMC and More Real-Time Economic Data

    It’s quite obvious the USD/MXN Exchange Rate, Forex, and FX rates will be moving up and down. The question is, how much, and how much will it move in the near term? After analyzing the January 2020 Forex data in the U.S., it looks like there are only two scenarios for the U.S. currency. The choice could come down to one of two things. In either scenario, I believe there will be some significant volatility in the U.S. currency going forward, as well as other currencies around the world. One, the Federal Reserve continues their rate hike path, or two, the European Central Bank offers new stimulus to their own…

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    Crude Oil Risks Falling with OPEC Meeting in Doubt

    An oil price plummeting because of a decision by OPEC to cut production can create a crisis in the United States if the West loses out. Instead of having the effect of creating an abundance of supply, it may instead result in a shortage. It may also create a sense of panic that will force prices to rise in order to recover production levels. When crude oil prices are falling due to OPEC meetings, this is called a supply/demand imbalance. In other words, there is more supply than demand. The North American and Western European nations that rely on OPEC for their oil exports to feel the effects as they…

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    US Dollar Eyes Trump Speech, Beware of Month-End Rebalancing

    We can expect an historic correction in the US Dollar following a Trump presidential inauguration. The US Dollar has been moving in a narrow range for more than six months. Although the US Dollar is a global currency, it is not a naturally strong currency that moves against economic forces, or against a stronger currency. In this article, I am going to present the reasons why the US Dollar is headed toward a historic correction. We should expect an important rebalancing of the global economic and financial system at the month-end following the Trump inauguration. The Trump transition team, from top to bottom, is highly unqualified. To appoint someone with…

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    Australian Dollar Could Wilt As Reality of Covid Recession Sinks In

    Now the Australian Dollar is hitting a very low point. The currency market says this is due to looming economic concerns and the realities of the recession facing this country. These issues will affect the Australian economy, although the real economic issues are still left to be addressed. But as global financial woes hit Australia, the currency is taking a beating. Australian Dollar and the US Dollar are now being traded at close to parity. Many people are blaming the Government for this poor performance in the Australian Dollar. It appears that there are many fundamental factors playing in the weak local currency. This problem will not go away in…

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    AUD/USD Levels to Watch Following Failed Run at March High

    Understanding and following the AUD/USD levels to watch following a failed run at the March high is the key to a successful long trade. There are some useful rules to follow if you are going to be successful. These rules can save you money and help you make money with your investments. To determine the effective level of the AUD/USD, you need to use your basic understanding of both currency pairs. When you understand what you are doing and why, it is much easier to trade. Many traders get into the trade too early and they miss out on more profits than they can ever hope to make. Determine your…

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    NZD/USD April Range Intact as New Zealand Eases Nationwide Lockdown

    The NZD/USD Index had enjoyed a period of strong momentum over the past week with fluctuations limited to a range. The latest reversal suggests that the risks are lessened. As of this writing, the index is at $1.0860 and is well within the index’s trading range. It remains to be seen whether the index will soon test its key support at $1.0395. Several market indicators point to higher volatility in coming days. At the same time, the index is slightly below the index’s trading range. In fact, its range is a range of about 0.9940 and some $1.0960. Given the recent trend, a range of about 0.9240 could also be…

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    Indian Rupee Gains But US Dollar May Rise as Nifty 50 Eyes Virus Risk

    Global financial markets may be nervously eyeing a potential downturn in the Indian Rupee against the US Dollar, but a slowdown in the global economy does not appear to have much bearing on the future of the American dollar and its value against the Indian Rupee. Several countries have devalued their currencies against the USD in recent times, which shows that this is not a universal phenomenon. But there is a ripple effect. Over the past few months, we have seen the American dollar gain against several major currencies, including the Australian Dollar, Canadian Dollar, Japanese Yen, Swiss Franc, British Pound, Swiss Franc, Euro, New Zealand Dollar, South African Rand,…