Share: AUD/USD finds nominal selling pressure near 0.6500 while more upside remains favored. Soft US core PCE inflation data dragged the 10-year US Treasury yields to 4.5%. The RBA is expected to keep interest rates unchanged but the interest rate peak is seen at 4.35% by the year-end. The AUD/USD pair rallied to
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Euro, EUR/USD, EUR/GBP – Technical Update: Euro might continue to weaken in the near term EUR/USD all set for the worst week since May? EUR/GBP ready to continue consolidation? Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro extended its losing streak against the US Dollar on Wednesday, with EUR/USD sinking 0.6 percent.
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XAU/USD PRICE FORECAST: Gold (XAU/USD) Bounces as the DXY Faces a Key Resistance Hurdle. The Higher Rates for Longer Narrative is Likely to Weigh on the Precious Metal Moving Forward as Fed Projections Price in Only 50bps of Cuts in 2024, Down from 100bps in June. IG Client Sentiment Shows that Retail Traders are Overwhelmingly
Gold just flew to the moon and back! What a wild roller coaster ride but traders are likely wondering what’s next for the precious metal. More bearish momentum ahead or will the technical area draw in buyers once again? Gold (XAU/USD) 1-hour Chart by TradingView In the world of trading, imagine the gold market on
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter AUD/USD TECHNICAL ANALYSIS AUD/USD retreated on Wednesday, dragged down by the Fed’s hawkish monetary policy outlook, but continued to carve out a double bottom, a reversal technical formation typically symptomatic of a waning
GOLD PRICE FORECAST: Gold prices rebound heading into the weekend, challenging cluster resistance stretching from $1,920/$1,930 Despite Friday’s recovery, the fundamental backdrop remains challenging for precious metals Next week, all eyes will be on the FOMC announcement Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. The US CPI yesterday came in line with expectations, so the market’s pricing remained roughly the same. The labour market displayed signs of
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices close at highest since mid-November Retail traders continue to become increasingly bearish Now, WTI faces the 61.8% Fibonacci extension point Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices are on pace to rise over 1.8 percent
