Australian Dollar holds ground after trimming intraday gains, US Consumer Sentiment eyed

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

Geopolitical Turmoil to Spur Bullish Energy Market Sentiment

CRUDE OIL PRICES OUTLOOK Oil prices soften after Monday’s strong rally. Despite Tuesday’s move, geopolitical tensions in the Middle East create a constructive backdrop for energy markets in the near term. This article looks at oil’s key technical levels to watch in the coming days and weeks. Trade Smarter – Sign up for the DailyFX

Light changes in market sentiment so far in European morning trade

The changes among major currencies are mostly relatively light so far on the day, outside of the antipodeans. EUR/USD is flattish around 1.0480 now and seen holding within a 34 pips range only today. There are large option expiries at 1.0495 that are in play to keep price action pinned just below 1.0500. Meanwhile, USD/JPY

NZD/USD bounces back on improved sentiment, soft US Dollar

Share: NZD/USD rebounds from a daily low of 0.5919 to 0.5977, driven by improved risk appetite and a softer US Dollar. Mixed US economic data and hawkish yet cautious remarks from Fed officials fail to bolster the Greenback, with the DXY slightly up at 105.47. Upcoming economic indicators, including Consumer Confidence and Core

Risk-off Sentiment in place, BoJ Meeting on the Radar

Market sentiments continue to reel in from the post-Fed meeting jitters (DJIA -1.08%; S&P 500 -1.64%; Nasdaq -1.82%), as the US 10-year Treasury yields rose to another fresh 17-year high near the 4.50% handle amid a high-for-longer rate outlook. Some resilience in the US labour market, reflected from lower-than-expected read out of US jobless claims

AUD/USD Sees Market Sentiment and Price Patterns Clash

AUD/USD MARKET SENTIMENT ANALYSIS According to IG’s proprietary data, a substantial 79.55% of AUD/USD traders currently hold long positions, resulting in a bullish-to-bearish ratio of 3.89 to 1 as of late afternoon on Monday. The tally of clients who are net long has risen by 2.75% since yesterday and by 3.44% over the previous week.