Australian Dollar Skips a Beat on Chinese PMI and Domestic Data. Where to for AUD/USD?
The Australian Dollar nudged a notch higher after firm Chinese PMI numbers, while local statistics showed an economy potentially losing steam. Will AUD/USD turn lower? Source link
XAU/USD bulls approach $1,967 ahead of United States Gross Domestic Product
Gold price takes the bids to renew nine-month high, up for the fourth consecutive day. US Dollar weakness underpins XAU/USD upside amid cautious mood ahead of the key United States Gross Domestic Product. Dovish bias surrounding the Fed contrasts with the hawkish outlook over ECB to weigh on USD and favor Gold buyers. Convergence of […]
XAU/USD grinds higher ahead of United States Gross Domestic Product
Gold price remains sidelined near nine-month high after a five-week uptrend. Mixed signals from Federal Reserve, mostly downbeat United States data improved sentiment and propelled Gold prices of late. Lunar New Year holidays in China, Fed’s ‘Blackout period’ may challenge XAU/USD traders. Purchasing Managers Indexes, Gross Domestic Product will be crucial for fresh impulse. Gold […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
More on China’s priority for the recovery and expansion of domestic consumption
I’ve been posting on stimulus efforts coming out of China, most recently these: PBOC wants to boost domestic demand, expand consumption And, yesterday these: 1. policy support for the economy: 2. A potential bounce out of COVID: 3. Seasonal demand: 4. More property market support (some sources are reporting this as “China is reportedly mulling […]