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Breaking News: RBA Warns Speed of Economic Recovery to be “Highly Uncertain”

With RBA keeping rates unchanged for years to come while keeping stimulus on the table if required, Aussie dollar could remain weak for now. Short AUD/USD?

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Breaking News: US NFP Surges by 4.8 Million While Unemployment Rate Fell to 11.1%

Even though the Non-Farm Payrolls (NFP) released tonight might be painting a good picture for the US economy, the labour market still has a long way to recover the 20 million job losses in April. We...

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Breaking News: Traders’ Current Thoughts After the US Reported Record Jump in New Cases

The US governors are reversing plans to reopen their states as the country registered the biggest jump in coronavirus cases. However, markets remain bullish in trust that Fed will continue to provide...

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Breaking News: Surge of Virus Cases in Australia Likely to Pressure Aussie

Australia posted its biggest one-day spike in coronavirus cases in two months, heightening concerns that the nation could go into its second lockdown, and possibly driving AUD/USD lower.

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Breaking News: US-EU Trade Tensions, Tumbling Stocks Weigh on EUR/USD

EUR/USD will find it hard to avoid a short-term dip which could take it toward the low 1.11 area.

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Breaking News: RBNZ Remains Dovish Amid Worries About Strong NZD

With exports accounting for 30% of New Zealand’s GDP, RBNZ will keep NZD weak in order to spur exports amid the global pandemic. Short NZD/USD?

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Breaking News: Bank of England to Boost Bond-Buying Programme by £100 billion

Though Bank of England (BoE) said the hit on economy may not be as severe as initially feared, it does not mean the recovery will be quick. GBP/USD could continue its downtrend.

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Breaking News: Second Wave of Infections and Geopolitical Tension Send Stocks Lower

With the surge of a second wave of infections and rise of geopolitical tension in Asia, we could see flows into safe havens. Long Gold?

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Breaking News: Dow Plunges 1861 Points Amid Surge of Coronavirus Infections

With the potential second virus wave and a lockdown, US stock futures could slide lower. Short SPX/USD?

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Breaking News: US Stock Futures Turned Negative Amid Fed’s Dovish Message

With Powell reinforcing their dire assessment of the country’s economic prospect for the coming years, safe-haven assets could continue to rise. Long gold?

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