EUR/USD, AUD/USD OUTLOOK: Traders will closely watch U.S. GDP data on Thursday The U.S. economy is forecast to have grown by 4.3% in the third quarter Strong economic activity numbers could boost the U.S. dollar, sending both EUR/USD and AUD/USD sharply lower Most Read: USD/CAD Fails to Sustain Breakout after Bank of Canada Decision. What’s
Israeli PM net now who is speaking and says: Doing everything possible to bring hostages home We are preparing for a ground invasion I want to give the details Timing of the invasion will be reached by consensus. Civilians in Gaza should move to the South We encourage Israel citizens to carry arms I will
China to hold its financial conference focused on economy, debt risks Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016 Australian PM Albanese confirms he will meet with Communist Party Chair Xi in China in Nov Chinese police raided the Shanghai offices of a London-based firm, detained an executive
A weekend update on the Middle East, where there are no reports that the ground war in Gaza has begun yet. An convoy of trucks carrying emergency aid has entered into Gaza The aid, a consignment of food, water and medical supplies, has arrived while air attacks continue The UN and US have warned Hamas
Share: Australian Dollar moves sideways after trimming intraday gains. Aussie pair dipped post-release of the US headline inflation. Consumer Inflation Expectations raised the odds of RBA to increase interest rates. US Dollar advanced following the slew of upbeat US data, awaiting US Consumer Sentiment. The Australian Dollar (AUD) snaps a two-day losing streak post
Share: Canadian Dollar back into recent lows as Crude Oil prices tumble on Friday. Canadian GDP missed market expectations, economic growth came in flat. USD/CAD etches in a new high for the week as CAD slips, US Dollar recovers. The Canadian Dollar (CAD) saw both a new high and a new low against
Share: Gold price has been under pressure this week and has dropped back to $1,860, its lowest price in a good six months. Strategists at Commerzbank analyze the yellow metal’s outlook. Gold will probably find it difficult to come out of the defensive For as long as the market continues to expect a
Share: USD/JPY experiences upward support due to the US economic data. Momentum indicators suggest a predominant bullish sentiment in the market. The psychological level at 148.00 could emerge as a key support aligned with the 14-day EMA. USD/JPY hovers slightly below the high since November, trading around 149.10 psychological level during the Asian
Crude Oil, WTI, Brent, Saudi Arabia, China, Aramco, Fed, EIA, API, Backwardation – Talking Points Crude oil jumped to print fresh highs again yesterday Worries over China appear to be being ignored for now The oil market structure might be supportive of higher WTI Recommended by Daniel McCarthy Understanding the Core Fundamentals of Oil Trading
Share: EUR/USD posts modest gains around 1.0665, up 0.07% on the day. The market expects the Federal Reserve (Fed) to hold interest rates steady at its policy meeting on Wednesday. European Central Bank (ECB) President Lagarde said the potential of further rate cuts was not considered among policymakers. Federal Open Market Committee (FOMC)
