Aussie Dollar Becomes the Victim Due to Coronavirus
As uncertainties continue to weigh on global economy, short Aussie at rally.
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China Stocks Raise Fears on Global Growth Outlook
With risk-off mode expected to stay, buy safe-havens like gold and yen.
US Jobs Report Raises Odds on Rate Cut in Weeks
As the odds of a rate cut increases after a worse-than-expected US job report, investors may start to price in one more rate cut this year. Short USD/JPY?
Welcome to the Week of Nonfarm Payroll
RBA is likely to cut rate tomorrow, short AUD/USD at any rally.
Fed Refuses to Ease as Much as Expected
A less dovish Fed and the US repo market chaos continue to weigh on risk sentiment, short USD/JPY.
Rally in Crude Puts Yen in Favour
Oil’s rally will hold for some time, short USD/JPY amid risk poor risk sentiment
US-China Trade Tensions Ease
Trump and Xi will be having their formal meeting next month and Chinese sources are suggesting a breakthrough could occur. The improvement in risk sentiment could push gold lower in the short term.
Breaking News: Sterling Plunges After PM Johnson Suspends Parliament
Boris Johnson suspended Parliament until 14 October, reducing time MPs have to stop a no-deal Brexit. Brexit uncertainty will continue to weigh on pound.
