Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts Nasdaq 100 holds key support The index rallied off the 14,500 level for the second time in a month, in an echo of September’s price action.Now the bulls need to get the price back above 14,800 on a
Share: Pound Sterling dropped after data showed that UK Retail Sales declined by almost 1% in September. The decrease in Retail Sales suggests a weakening household’ spending, which is the main driver of the UK economy. The Bank of England is widely expected to leave interest rates unchanged. The Pound Sterling (GBP) retreated after the
Share: The Euro trades on the defensive against the US Dollar. Stocks in Europe close the session with marked losses. EUR/USD loses some momentum and slips back to 1.0550. The USD Index (DXY) looks bid in the low 106.00s. Eurozone final inflation figures matched the preliminary readings. Housing Starts expanded 7.0% MoM in September. The
AUD/USD OUTLOOK: AUD/USD rises for the second straight day Despite today’s moves in FX markets, geopolitical tensions in the Middle East and rising U.S. Treasury yields create a hostile backdrop for the Australian dollar This article looks at key AUD/USD’s technical levels to watch this week Trade Smarter – Sign up for the DailyFX Newsletter
New Zealand Dollar, NZD/USD, CPI – Market Update: Recommended by Daniel Dubrovsky Get Your Free USD Forecast The New Zealand Dollar cautiously weakened in the aftermath of local inflation data. During the third quarter, New Zealand’s Consumer Price Index (CPI) grew by 5.6% compared to a year ago. This was slower than the 5.9% anticipated
AUD/USD OUTLOOK: AUD/USD rebounds following last week’s sell-off The rally in U.S. equities boosts appetite for riskier currencies Despite today’s moves in FX markets, geopolitical tensions in the Middle East create a challenging backdrop for the Australian dollar Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near the previous session’s elevated levels after the release of sticky U.S. inflation data awakened the prospects of another Federal Reserve interest rate hike this year. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against
AUD/USD ANALYSIS & TALKING POINTS Soft Chinese CPI and safe haven demand for USD weighs on AUD. US data under the spotlight later today. New yearly lows looming for AUD/USD? Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into key market
Share: GBP/JPY sticks to modest intraday gains near the multi-week top touched earlier this Thursday. The BoJ’s dovish stance, a positive risk tone continues to undermine the JPY and lend support. Traders now look to the UK macro data before positioning for any further appreciating move. The GBP/JPY cross now seems to have
Australian Dollar, AUD/USD, AUD/JPY – Near-Term Technical Update: Recommended by Daniel Dubrovsky Get Your Free AUD Forecast In recent days, the Australian Dollar has been aiming higher of late with some mixed progress among major currency pairs. Looking at the daily chart below, AUD/USD has turned cautiously higher have positive RSI divergence persisted. The latter
