Major currencies aren’t doing a whole lot though the dollar is mildly softer as we look towards European morning trade. The ranges are still relatively narrow, so let’s see if there will be any appetite to stretch them out later on. Stocks are at least enjoying a decent showing since Friday last week, with the
Australian Dollar Vs US Dollar, New Zealand Dollar, Japanese Yen – Price Setups: Tentative signs of stabilization in AUD/USD’s recent slide. AUD/NZD has rebounded from key support; AUD/JPY is flirting with key resistance. What is the outlook for key AUD crosses? Recommended by Manish Jaradi Trading Forex News: The Strategy The Australian dollar is looking
Share: AUD/USD trades higher around 0.6440 on the back of improved Australia’s Retail Sales. 10-year US bond yield declined to 4.18%; Greenback experiences losses. The stability of China’s economy could underpin the Aussie pair. AUD/USD continues its winning streak for the second consecutive day, trading around 0.6440 during the Asian session on Tuesday. The US
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This snippet from ANZ on oil demand in China, some better news: signs of strength in China’s jet fuel market are likely to boost sentiment. China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August. International travel is picking up, with bookings for overseas group tours during the National Day
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices extend recent push higher to trendline Retail traders are becoming slowly more bearish Will XAU/USD push higher in the coming sessions? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices have been aiming higher in recent weeks. In response retail traders have
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Share: US inflation expectations can be held responsible for the market’s latest dislike for the US Dollar, after fueling the Greenback to the multi-day high in the last week. That said, the inflation expectations, as per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED) data, reverse Friday’s
The news out of China from the weekend was of supportive policy moves: A snippet from UBS, analysts there are optimistic on the developments. On more broader moves from Chinese policy makers: China’s broader package of response measures is starting to take shape. This latest round of measures adds to a growing list of steps