US DOLLAR ANALYSIS AFTER US INFLATION The U.S. dollar, as measured by the DXY index, advanced modestly on Wednesday following somewhat mixed U.S. inflation figures. Headline CPI rose 0.6% on a seasonally adjusted basis in August, pushing the 12-month reading to 3.7% from 3.2% previously, one-tenth of a percent above consensus estimates. Meanwhile, the core
Australian Dollar, AUD/USD, AUD/JPY, Symmetrical Triangle – Technical Update: Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar is hovering just above key support against the US Dollar, which is the 78.6% Fibonacci retracement level at 0.6382. Meanwhile, as prices struggled to break lower, positive RSI divergence emerged, showing that downside momentum
AUD/USD FORECAST: AUD/USD slides and fails to build on Monday’s gains, in a trading session marked by some risk aversion and moderate U.S. dollar strength Despite Tuesday’s subdued performance, AUD/USD seems to be in the process of forging a double bottom This article looks at Aussie’s key technical levels to watch in the coming days
Australian Dollar, AUD/USD, BoJ, RBA, Fed, Treasury Yields, ACGB, JGB – Talking Points The Australian Dollar has found firmer footing going into Tuesday The BoJ pondered policy adjustments and the US Dollar sank in the aftermath RBA and Fed policy could impact back-end yields. Will they boost AUD/USD? Recommended by Daniel McCarthy Forex for Beginners
AUSTRALIAN DOLLAR OUTLOOK AUD/USD and NZD/USD rally on Monday, bolstered by broad-based U.S. dollar weakness The greenback’s pullback appears to be driven by profit-taking after a strong bullish run since mid-July Looking ahead, the U.S. inflation report for August, to be released on Wednesday, will be the main focus of the currency markets. Trade Smarter
Australian Dollar Vs US Dollar, Euro, British Pound – Price Setups: AUD/USD is attempting to form a temporary base. The consolidation/correction in EUR/AUD and GBP/AUD may not be over yet. What is the outlook and the key levels to watch in select AUD crosses? Recommended by Manish Jaradi Forex for Beginners AUD/USD: Growing odds of
Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar absolutely crushed it against its major counterparts this past week. In fact, the Euro confirmed its 8th weekly loss against the Greenback, matching an identical losing streak back in 2014. A 9th disappointment would mean the longest monthly losing streak since 1997! But,
Australian Dollar, AUD/USD, AUD/JPY, Symmetrical Triangle – Technical Update: Australian Dollar remains pressured after recent losses AUD/USD closed at its lowest since early November Meanwhile, AUD/JPY is facing a Symmetrical Triangle Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar closed at its weakest against the US Dollar since early November, opening
Share: AUD/USD traded in the 0.6360 – 0.6400 range on Wednesday. USD gained momentum after ISM Service PMIs and the Fed’s Beige Book releases. The odds of one last hike by the Fed are gaining more relevance. In Wednesday’s session, the AUD/USD traded neutral but remained vulnerable below 0.6400. On the one hand, strong
AUD/USD, Australian Dollar, RBA, GDP – Talking Points: The Australian economy slowed in Q2, but less than expected. AUD/USD declined after the data release and is now testing key support. What’s next for AUD/USD? Recommended by Manish Jaradi Options for Beginners The Australian dollar fell against the US dollar after the Australian economy slowed in
