Sneak peek

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Sneak Peek: ECB May Be Less Dovish Than What the Market Is Pricing In

Major ECB policymakers’ remarks last week cast doubt on the likelihood of a major stimulus package promised by Draghi. EUR/CAD could head higher if ECB under-delivers.

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Sneak Peek: What to Expect from BoC Tonight

With Canada’s economy going strong, Governor Poloz may continue to monitor data and keep rate cuts on the table. CAD/JPY could rise but further upside could be limited.

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Sneak Peek: RBNZ Could Signal Further Easing Amidst Trade War Escalation

RBNZ could hint that they are looking for further easing amidst escalation of the US-China trade war. NZD/JPY could fall further.

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Sneak Peek: Can a Stronger NFP Save the Dollar?

With risk sentiment shifting towards risk-off, a stronger NFP will only provide a better short entry. USD/JPY could break critical support at the 106.80 price level.

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Sneak Peek: What to Expect from FOMC Tonight

As Fed’s cut is most likely a preventive move and insurance against risk, Fed may not open doors for additional easing. USD/JPY could fall initially after rate cut is announced before rising.

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Sneak Peek: ECB’s Odds of Rate Cut Rose to 48% after Disappointing PMIs

Despite the increase in the probability of a cut tonight, Draghi may change his forward guidance while keeping rates unchanged. EUR/USD may rise higher as market may start to price in Fed’s cut later...

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Sneak Peek: Two Major Events to Whiplash USD/CAD Tonight

Both Powell’s testimony and Bank of Canada’s monetary policy announcement are happening tonight. We should expect huge volatility in USD/CAD.

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Sneak Peek: A Less Dovish FOMC Could Push EUR/USD Lower

If Powell were to maintain his neutral stance on forward guidance, dollar could strengthen as Fed Fund Futures is already pricing in a 95% cut in September. Short EUR/USD?

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Sneak Peek: Weaker Retail Sales Could Provide Dollar Long Opportunity

A weaker retail sale could cause the US yield curve to steepen, resulting in a stronger dollar due to US yield curve correlation with the dollar index. Long USD/JPY? 

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Sneak Peek: Eyes on Australia Labour Data Tomorrow

As RBA’s optimism last week was largely due to labour data, a stronger data tomorrow could boost the Aussie dollar. Short EUR/AUD if data surpasses expectations.

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