USD/JPY TECHNICAL ANALYSIS USD/JPY took a quick plunge early last week, but found solid footing just above technical support at 146.00. This resilience led to a swift recovery in subsequent trading sessions, with the pair steadily trekking upwards in recent days, seemingly intent on challenging channel resistance located around the psychological 148.00 level. Throughout this
The AUDUSD moved higher in trading today. Fundamentally, the RBA meeting minutes showed that the debate was for a 25 basis point hike which helped to support the AUDUSD in trading today. The move to the upside extended in the early North American session up to the high price from last week (on Friday) at
Australian Dollar, AUD/USD, US Dollar, RBA, Fed, CPI, China, Lowe, Bullock – Talking Points The Australian Dollar has steadied going into Tuesday’s session RBA meeting minutes confirm most of what was already known RBA and Fed policy face similar futures. Who will blink first? Recommended by Daniel McCarthy Trading Forex News: The Strategy The Australian
Share: AUD/USD continues with its struggle to gain traction on Tuesday and remains confined in a range. The September RBA meeting minutes fail to impress traders or provide any meaningful impetus. Subdued USD price action lends some support as traders move to the sidelines ahead of the FOMC. The AUD/USD pair extends its
AUD/USD MARKET SENTIMENT ANALYSIS According to IG’s proprietary data, a substantial 79.55% of AUD/USD traders currently hold long positions, resulting in a bullish-to-bearish ratio of 3.89 to 1 as of late afternoon on Monday. The tally of clients who are net long has risen by 2.75% since yesterday and by 3.44% over the previous week.
Share: AUD/USD trades at 0.6435, recovering from a daily low of 0.6416, as Chinese economic data boosts market sentiment. US Federal Reserve expected to hold rates steady, with a 99% chance of no change, as investors await ‘dot-plots’ for future rate path. Michelle Bullock to begin her term as the new RBA Governor
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Major US indices gave back all of last week’s gains on Friday, with volatility triggered by the triple witching day amid the vast options’ expiry (estimated to be $3.4 trillion worth – the largest September expiry on record). The
The currency pair has been climbing for the second consecutive day, reaching a nearly two-week high during Friday’s Asian trading session. The pair’s increase is largely attributed to optimism over additional stimulus from China and positive Chinese economic data. China’s National Bureau of Statistics (NBS) reported that the country’s August retail sales grew by 4.6%
The AUDUSD traded at the week’s low on Monday in the 1st hour of trading at 0.63706. The price moved sharply higher on that day, but by Wednesday, the price had rotated back down toward the lows into a swing area between 0.63791 and 0.63874. Support buyers came in against that level and pushed the
USD/CAD TECHNICAL ANALYSIS Between mid-July and early September, USD/CAD embarked on a robust uptrend, but the pair encountered resistance near the psychological 1.3700 level before reversing lower just as oil broke out to multi-month highs, a development that added some support to the Loonie given Canada’s high sensitivity to energy markets. Following the recent setback,
