Guo Zhang Chua
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EUR/USD Outlook: Euro holds positive tone after Thursday's 0.5% advance and looks for test of next key barriers
EUR/USD
The Euro maintains positive tone and consolidating under new two-week high at 1.0972 in early Friday's trading. The pair rallied strongly in the US session on Thursday, boosted by dollar's month-end sell-off, advancing nearly 0.5% for the day, the biggest one-day gains since 7 Apr. Decision
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USD/CAD Forecast: WTI’s spectacular but meaningless collapse
Crude oil rebound to over $17 fails to lift loonie.
USD/CAD finishes week with small gain.
Crude demand will remain weak until lockdowns lift.
Dollar Canada and the energy market
The dramatic recovery in oil prices after their even more dramatic collapse to below zero on Monday was not enough to re
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Japan PM Abe: Govt to consult experts to decide whether to extend state of emergency beyond May 6
While speaking in parliament on Thursday, Japanese Prime Minister (PM) Shinzo Abe said the government would consult experts to decide whether to extend the state of emergency beyond May 6.
Abe also said: the situation surrounding the coronavirus epidemic continued to be “severe”.
This comes after t
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Will the dollar extend its slide in May?
The first day in May kicked off with losses for currencies and equities. The Dow Jones Industrial Average tumbled more than 600 points while the Australian and New Zealand dollars dropped approximately 1%. These declines were driven by weaker than expected manufacturing activity in Australia and rep
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01.05 - Gold prices remain modestly changed despite broad risk-off sentiment
Despite the recent risk-off sentiment, Gold prices remain more or less unchanged while flashing $1,687 as a quote during the Asian session on Friday. While the US-China trade war and downbeat catalysts from Japan seem to have been the major risk-signals off-late, US dollar pullback is likely behind
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Pull-up Update