Author: FX
AUD/USD, GBP/AUD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free AUD Forecast Most Read: The Reserve Bank of Australia: A Trader’s GuideAUD FUNDAMENTAL BACKDROPThe Australian Dollar continued its recovery overnight with modest gains against both the Greenback and the GBP. The week thus far has proven to be another challenging one for the AUD following a continuation of the pause in rate hiking cycle by the RBA on Tuesday which weighed on the currency.Yesterday saw the AUD regain some strength and arrest its recent slump finishing the day up 0.2% against the US Dollar. The move in…
Palantir and WesTrac renew Australian partnership for five years Source link
Missed the range breakout on EUR/AUD? If you’re still bullish, you might wanna keep these pullback levels on your radar. As you can see on the 4-hour chart below, the pair is in correction mode to these potential support zones marked by the Fibonacci retracement tool. EUR/AUD 4-hour Forex Chart by TV Now the 61.8% retracement level is right smack in line with the former range resistance, which might be a prime entry point for buyers. A shallow pullback could already find support at the 50% Fib at 1.6562 or even the 38.2% level just slightly above the 1.6600 major…
The market is in a calmer mood once again as we look towards European trading but this time, perhaps in better standing. Stocks are looking a little more buoyed after Amazon’s earnings beat but we’ll see if that tide through until the end of the day.In FX, major currencies are once again little changed with dollar pairs still relatively stuck in narrow ranges. There might not be much appetite really until we get to the US non-farm payrolls later today.Coming up in Europe, there will be some light data points but nothing that will really impact markets whatsoever. As such,…
British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups:BOE rate hike could trigger a minor rebound in GBP/USD.EUR/GBP’s rebound appears to be running out of steam.What is the outlook on key GBP crosses and what are the key levels to watch? Recommended by Manish Jaradi How to Trade the “One Glance” Indicator, Ichimoku The British pound looks set to recoup some of its recent losses after the Bank of England (BOE) raised interest rates by 25 basis points to 5.25% and didn’t rule out further tightening.The BOE stopped short of signaling that UK interest rates are peaking. “I…
Share: Gold Price portrays corrective bounce at multi-day low as market prepares for US employment data. Retreat in US Treasury bond yields from worrisome levels adds strength to XAU/USD rebound. China stimulus talks, mixed US data also keep Gold buyers hopeful but economic fears, hawkish Fed concerns challenge XAU/USD upside. Strong US NFP and CPI needed to confirm September Fed rate hike and propel Gold Price toward $1,955 hurdle. Gold Price (XAU/USD) remains mildly bid as it consolidates previous losses amid pre-NFP positioning. Also allowing the Gold Price to remain mildly bid are the headlines suggesting China stimulus…
It’s time for another jobs report from Canada! Here’s what you need to know if you plan on trading this major event. Event in Focus: Canada’s June Employment Data: Employment Change, Unemployment Rate When Will it Be Released: August 4, 2023 (Friday) 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Net of 24.4K jobs added in July, following earlier 59.9K gain in June Unemployment rate to tick higher from 5.4% to 5.5% Relevant Data Since Last Event/Data Release: S&P Global manufacturing PMI remained in contraction for July, as the “uncertain…
Market RecapMajor US indices ended the day slightly underwater (DJIA -0.19%; S&P 500 -0.25%; Nasdaq -0.10%), as the US 10-year Treasury yields continue to head to its highest level in almost nine months, following through with the recent announcement that the US Treasury would boost its issuance of long-term debt this quarter. Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy The release of the US ISM services purchasing managers index (PMI) (52.7 versus 53 forecast) has been mixed as well, particularly with the renewed pull-ahead in services’ prices (56.8 vs 52.1 forecast) which suggests…
Gold, XAU/USD, US Dollar, DXY Index, Treasury Yields, GVZ, Fibonacci – Talking PointsThe gold price has been sidelined in a week of action elsewhereThe US dollar and Treasury yields have found firmer footing amidst the risk aversionVolatility has ticked up a notch. Does it imply a move ahead for XAU/USD? Recommended by Daniel McCarthy How to Trade Gold The gold price appears poised at a crossroads going into the weekend with the US Dollar firming as Treasury yields tick higher.An eventful week for markets may still have more to play out with non-farm payrolls data due out later today.The Fitch…
kodda/iStock via Getty Images The natural gas sector’s focus on liquefied natural gas exports should not overshadow the large and growing demand for gas for domestic consumption, Williams (NYSE:WMB) President and CEO Alan Armstrong said Thursday, according to S&P Global Platts. Armstrong noted record gas-fired power generation in July, continued growth of renewable sources’ share of generation, and the associated need for gas’ firmer attributes to compensate for renewable variability as evidence that LNG exports are only part of the demand equation, S&P Global reported. “The macro picture we’re seeing around electrification, and the amount of power demand increase that…