The dollar remains in a vulnerable spot once again, with USD/JPY eyeing a potential drop below 148.00 and inching back towards a retest of the October low at 147.27. Meanwhile, the antipodeans are off to a strong start this week with AUD/USD and NZD/USD both climbing above their respective 200-day moving averages in sealing a
Share: In a shortened week, the US Dollar posted losses again. Next week, the key report in the US will be the Core PCE. Consumer inflation data is also due in the Eurozone with the preliminary November figures and in Australia with the October Monthly CPI. The Reserve Bank of New Zealand will
Share: The key event during the Asian session will be the Reserve Bank of Australia meeting, with a rate hike expected. China will release important trade data. Later in the day, Eurostat will release the Producer Price Index. Here is what you need to know on Tuesday, November 7: The US Dollar Index
OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices are up around 1.3% at the time of writing as Saudi Arabia and Russia reiterate commitment to supply cuts. The two OPEC members confirmed their commitment to extra voluntary oil supply cuts to the end of 2023.
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk LONDON (Reuters) -The U.S. dollar extended its decline on Monday, having fallen last week by the most since July after the Federal Reserve dialled down its hawkish rhetoric and U.S. data showed signs
Share: Silver remains under some selling for the second straight day and drops closer to the weekly trough. The technical setup favours bearish traders and supports prospects for additional near-term losses. A sustained strength beyond the $23.60-$23.70 supply zone is needed to negate the negative bias. Silver (XAG/USD) drifts lower for the second
EUR/USD ANALYSIS FOMC announcement under the spotlight today. EUR/USD rising wedge breakout could see euro collapse further. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your
S&P 500, SPX, NASDAQ 100, NDX, DJIA – OUTLOOK: The S&P 500 is testing support on the 200-DMA. The Nasdaq 100 index risks a bearish head & shoulders pattern. What are the outlook and the key levels to watch in the three US indices? Looking for actionable trading ideas? Download our top trading opportunities guide
Share: EUR/USD consolidates in a narrow trading band through the Asian session on Thursday. The fundamental backdrop and the technical setup support prospects for further losses. A convincing breakout through the descending channel hurdle will negate the bearish bias. The EUR/USD pair struggles to gain any meaningful traction on Thursday and oscillates in
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
