Higher Australian Inflation Expectations Keep Aussie Bid
AUD/USD ANALYSIS & TALKING POINTS Another hike by RBA could be backed post-CPI later this week. China crucial to commodity outlook for Australia. Golden cross may lead to additional AUD upside to come; 0.7000 under threat. Recommended by Warren Venketas GET YOUR FREE AUSSIE DOLLAR Q1 FORECAST AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP Trade Smarter – Sign […]
AUD/USD starts off bid and eyes are on 0.7000/20
AUD/USD is moving in on the price imbalance in the 0.6980s. There is further potential for a move-up in the initial balance for the week with CPI eyed. The key areas to the downside are 0.6950 and 0.6910 ahead of 0.6870. AUD/USD is starting out the week a touch higher as the commodities complex remains […]
GBPUSD Slips But Remains Well Bid On Interest Rate Bets
GBP/USD Prices, News, and Analysis GBPUSD is still supported by expectations that UK rates have higher to climb Strong wage data this week underlines the view Technically, the uptrend from September still dominates Recommended by David Cottle Building Confidence in Trading Sterling bulls still have December’s six-month highs against the United States Dollar firmly in […]
Pound Bid After Core Inflation Beat, 50bps Secured?
POUND STERLING ANALYSIS TALKING POINTS UK CPI revealed sticky inflation in the region bolstering pound bets. BoE likely to stick to 0.5% in February meeting in what would be their 10th consecutive rate hike! Golden cross unfolding in textbook fashion, how long can it last? Recommended by Warren Venketas Get Your Free GBP Forecast GBP […]
Impressive day for equities as a late bid arrives
<p>S&P 500 futures fell by as many as 40 points in the premarket but the bulls steadied the ship and have slowly turned it around. The index is now up 15 points to a session high of 4018.</p><p>There's a year-long downtrend in the index that could soon be threatened.</p> This article was written by Adam […]
Gold Holds Bid Before Powell, Bulls Try Channel Top
Gold (XAU/USD) Price, Analysis, and Chart Gold has started 2023 in bullish form That trend continued into Tuesday’s session Hopes that US rates may not have much further to rise underpin sentiment Recommended by David Cottle Download our brand new Q1 Gold forecast Gold prices have risen on all but one trading day of 2023, […]