Share: USD/CAD loses traction above the 1.3700 mark on Monday. Traders believe the Fed is done with the hiking cycle and expect the Fed will begin easing monetary policy in May 2024. FOMC Meeting Minutes and Canadian CPI will be closely watched events. The USD/CAD pair trades in negative territory for the second
Mon: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct) Tue: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy Announcement; UK PSNB (Oct), Canadian CPI (Oct) Wed: UK Autumn Statement, Dutch Elections; US IJC (13 Nov w/e), Durable Goods (Oct), Uni. of Michigan Final (Nov), Australian Flash PMIs (Nov) Thu: US Thanksgiving (Market
AUD/USD News and Analysis RBA struggling to judge inflation risks as the RBA restarts hikes for second time AUD/USD continues to move lower after rate hike was largely priced in Futures market anticipates no rate cuts next year with potential for one more hike The analysis in this article makes use of chart patterns and
USD/CAD Analysis BoC minutes largely dismissed by markets due to recent dismal Canadian economic data. Fed Chair Jerome Powell speech in focus later today. USD/CAD holds around the 1.38 handle as bearish divergence threatens. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
AUD/USD ANALYSIS & TALKING POINTS RBA minutes and stronger iron ore prices back AUD. US retail sales and Fed speak the focal point for today’s session. AUD recovery cannot be labeled as a reversal just yet. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today
FED MINUTES The U.S. dollar, as measured by the DXY index, was modestly higher on Wednesday, attempting to end a 5-day losing streak. Against this backdrop, both EUR/USD and AUD/USD traded with a negative bias, unable to sustain their recent upturn in a sign perhaps of market exhaustion. In other developments, the publication of the
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Share: Gold price ascends to a two-week peak at $1877.21, buoyed by declining US Treasury yields. Fed minutes reveal concerns over dual-sided risks to inflation and economic activity, influencing policy outlook. US producer-side inflation data and varied Fed official stances complicate the gold price trajectory. Gold price (XAU/USD) climbed for the second straight
Hesitancy Ahead of US PPI & FOMC Minutes لینک منبع : هوشمند نیوز
RAND TALKING POINTS & ANALYSIS Decline in US Treasury yields sustaining rand upside as PPI’s push higher. Attention n shifts towards FOMC minutes and Fed officials. Rising wedge support being eyed by ZAR bulls. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
