AUDUSD Consolidates Ahead of RBA Rate Decision

On Tuesday [05/09], the Reserve Bank of Australia will make a decision on interest rates, which are expected to remain unchanged for the third consecutive month. Weaker economic growth makes the RBA likely to be more cautious this time around. GDP figures due to be released on Wednesday [06/09] will show whether growth slowed or

ZENVO EA GUIDE – Analytics & Forecasts – 4 September 2023

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Dollar slips in thin holiday trading on bets Fed is done with rate rises By Reuters

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/ By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets

Gold remains calm even as cooling labor market boosts Fed pause bets

Share: Gold price juggles below the $1,950.00 resistance as the focus shifts to the US Services PMI. US markets will remain closed on Monday on account of Labor Day. Cooling labor market conditions boost the Fed’s hopes of a soft landing. Gold price (XAU/USD) traded back and forth from the past four trading

Euro Upside Could be Temporary

EUR/USD ANALYSIS German balance of trade data echoes growth fears. ECB officials under the spotlight today. Long wick candle indicative of more downside to come. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP The euro is marginally bid this Monday morning after last week’s Non-Farm Payroll (NFP) report saw markets rally

Dollar loses a bit of ground to start the session

And that is weighing on the dollar slightly, but nothing too significant. Of note, it is the euro and pound which are advancing just a touch more against the dollar after having previously stuck in narrow ranges in Asia. EUR/USD was holding in a 13 pips range earlier but is now extending that to roughly

Crude Oil Flies High with Markets Eyeing a Fed Pause. Will WTI Go Higher?

Crude Oil, WTI, Bent, US Dollar, NFP, FOMC, HSI, RBA, BoC, ASEAN, G-20 – Talking Points Crude oil’s leap to new highs appears intact for now with A combination of production cuts and an inventory rundown boosted oil After today’s US holiday, a busy week lies ahead. Will WTI keep climbing? Recommended by Daniel McCarthy