AUD/USD bounces on RBA but still faces Powell hurdle
The RBA delivered with a 25 bps rate hike as expected but it was a change to the forward guidance that really helped to give the aussie a boost so far today. A notable change is that the central bank removed the wording that policy is not on a “pre-set course”, instead choosing to emphasise […]
XAU/USD bounces off $1,860 support amid Fed, China concerns
Gold price snaps two-day downtrend at the lowest levels in a month. US Dollar bulls struggle ahead of Fed Chair Powell’s speech. Sino-American tussles renew as Washington shot down Chinese balloon. Gold price (XAU/USD) consolidates the recent losses as it prints mild gains around $1,875 during early Monday, printing the first positive day in three […]
Dollar bounces as weak tech earnings damp risk appetite By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar traded higher early in Europe on Friday, after weak earnings from three of Silicon Valley’s largest companies damped risk appetite more broadly. Amazon (NASDAQ:), Apple (NASDAQ:) and Google owner Alphabet (NASDAQ:), all saw their stocks fall after their reports for the final quarter of the year, […]
Intraday Analysis – CAD bounces back
USDCAD gives up gains The Canadian dollar recouped losses after November’s GDP beat expectations. On the daily chart, the pair is still in a flag consolidation. A break above the previous resistance of 1.3400 eased some pressure but was not enough to clear the supply zone between 1.3470 and 1.3500. A sharp […]
SPX500 Triple Zigzag Bounces Prices to 5K!
The current SPX500 timeframe shows the final part of a large impulse consisting of sub-waves I-II-III-IV-V. We see a fully completed cycle correction IV as a primary triple zigzag. In the near future, the price could continue to rise above 4636.46, within the final cycle wave V. This will take the form of a primary […]
USD/CAD bounces off multi-week lows near 1.3300
USD/CAD picks up some pace and retests 1.3330. US headline, Core PCE drifted lower in December. US Consumer Sentiment comes next in the docket. USD/CAD now gathers some upside traction and revisits the 1.3330 region on Friday, leaving behind at the same time earlier lows in the vicinity of 1.3300, an area last traded back in late November […]
Dollar in doldrums as euro near 9-month peak, yen bounces By Reuters
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a nine-month low to the euro and gave back recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. […]
XAU/USD Bounces Back, Rising Above $1,900
Gold (XAU/USD) Talking Points: Gold prices find temporary support above $1,900 XAU/USD recovers from recent slump as bulls aim to drive price action back above $1,930 USD and yields continue to contribute to driving sentiment and price action for precious metals. Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold prices are currently […]
Market Update – January 19 – Stocks sink, USD rises after weak data & JPY bounces back
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and […]
The US Dollar Bounces Back as Recession Fears Swirl. Where to for USD?
US Dollar, DXY index, USD, Fed, USD/JPY, AUD/USD, NZD/USD – Talking Points The US Dollar had a bumpy ride before composing itself today AUD, NZD and JPY have had a busy day on data and news The Fed compass is set due north, but how far and fast in that direction? Recommended by Daniel McCarthy […]