Author: FX
AUD/USD ANALYSIS & TALKING POINTSSoft 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 catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar stays subdued close to yearly lows after the Fed’s higher for longer narrative gains traction. US CPI showed some stickiness in core metrics although rate hike…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, and S&P 500 Analysis and ChartsFTSE 100 capped by resistanceThe FTSE 100 has seen six consecutive days of gains, on Thursday driven by energy and health care stocks, but has come off the 200-day simple moving average (SMA) at 7,650 as US CPI inflation came in slightly higher-than-expected and provoked a reversal lower. Further consolidation below Thursday’s high at 7,687 is expected to be seen on Friday. If a slip through Thursday’s low at 7,604 were to unfold, support between the 7,562 early July high and the 7,550 11…
5% increase in revenue year-over-year primarily driven by organic growth and the impact of market movements over the past twelve months on average AUM and higher technology services revenue AUM of $9.1T up from AUM of $9.425T at the end of Q2, average AUM of $9.396T up from $9.187T at the end of Q2.$3 billion of quarterly total net inflows reflect $49 billion of net outflows from lower-fee institutional index equity strategies, including $19 billion from a single international client $1.1 trillion increase in AUM year-over-year includes $307 billion of net inflows, positive across ETFs, active, and cash management Source…
GBP/USD News and AnalysisSterling’s countertrend rise at risk after sticky US CPI report lifts USDIG client sentiment reveals notable divergence between positioning and trendRisk events: UK unemployment and UK CPIThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryPound Sterling’s Countertrend rise is at risk after Sticky US CPI Report Lifts USDStickier inflation in the US prompted a lift in the US dollar yesterday, with the ripple effect bringing an end to the recent countertrend move across major FX pairs vs the dollar. Cable is no…
© Reuters. FILE PHOTO: A worker stands next to a machine cutting newly manufactured bars of steel at the United Cast Bar Group’s foundry in Chesterfield, Britain, April 12, 2022. Picture taken April 12, 2022. REUTERS/Phil Noble/File photo BRUSSELS (Reuters) – Euro zone industrial production rose by more than expected in August, data showed on Friday, as factories made more consumer goods although overall output was down by more than 5% from a year earlier. The European Union’s statistics office Eurostat said industrial production in the 20 countries sharing the euro rose by 0.6% month-on-month in August for a 5.1%…
Stock markets sold off across Asia, after a weaker close on Wall Street. Rate hike concerns picked up again in the wake of the hotter than expected US inflation print yesterday and still tight jobless claims numbers and put stocks on the back foot. The reports saw the market price back in risk of another Fed rate hike this year of about 38%, though the probability was briefly as high as 50-50. The data, the threat of another Fed hike, and geopolitical risks soured investor sentiment. European futures are also in the red, while US…
EUR/USD Forecasts – Prices, Charts, and AnalysisUS dollar may slip lower into the weekend.US earnings start in earnest today with a handful of banks on tap. Recommended by Nick Cawley Get Your Free USD Forecast The US dollar rallied by over one big figure yesterday after the latest US inflation data release. Core inflation y/y fell from 4.3% to 4.1% in September, as expected, while headline inflation y/y remained unchanged at 3.7%, one-tenth of a percentage point above market estimates of 3.6%.DailyFX CalendarHeadline US inflation remained unchanged at 3.7% with the shelter costs contributing to around half of the monthly…
Eurostoxx -0.2%Germany DAX -0.2%France CAC 40 -0.1%UK FTSE flatSpain IBEX flatItaly FTSE MIB -0.1%S&P 500 futures are now up 0.1% so that is helping European stocks to balance out the catch up to the losses in Wall Street yesterday. But it is still all the bond market for now and things are looking more tentative there for the time being. 10-year yields are lower by ~5 bps to 4.658% but as seen yesterday, the selling only tends to hit in US trading. Source link
Share: Asian markets slid across the board following the weaker US session on Thursday. Robust US data contributed to pressure on the capital markets. Downbeat Chinese data affected the regional markets across the board. Asian shares took a dip on Friday, reflecting a downturn in the market sentiment, while the dollar remained strong. This shift followed a higher-than-expected increase in US consumer prices, which has strengthened the argument for the Federal Reserve (Fed) to maintain higher interest rates for an extended period. The interplay of these factors is contributing to the evolving dynamics in the financial markets, with…
After breaking above a key resistance, NZD/CHF is pulling back down in the charts. Is the pair ready to go back to its longer-term trend? Or are we just looking at a pullback? NZD/CHF Daily Forex Chart by TV I don’t know if you’ve noticed, but NZD/CHF broke above a long-term trend line resistance back in September. The pair encountered resistance at .5500, however. In fact, it’s also trading below the SMAs and the daily chart’s Pivot Point level! How low can NZD/CHF go before the buyers return? Keep an eye on the .5300 psychological handle, which lines up with…