AUD traders heads up – RBA Statement (SoMP) due on Friday, then Lowe speaks next week
The Reserve Bank of Australia sounded a hawkish note in its policy decision and accompanying statement from Governor Lowe: The RBA promised “further increases in interest rates will be needed over the months ahead”. The quarterly Statement on Monetary Policy (SOMP) is due on Friday at 11.30 am Sydney time. 0030 GMT, and 1930 US […]
Dollar Index (DXY) Heads for 104 Ahead of Powell
U.S. DOLLAR ANALYSIS & TALKING POINTS USD looks to Jerome Powell for direction – will the rally continue? Key inflection point on daily DXY chart awaiting catalyst. Recommended by Warren Venketas Get Your Free USD Forecast USD FUNDAMENTAL BACKDROP The Dollar Index (DXY) has shown no signs of letting up its recent gains after the […]
Heads up for BOJ Governor Kuroda to appear in parliament today from 0050GMT (8.50pm US ET)
Bank of Japan Governor Kuroda will testify before the Japanese Diet today from 10.50am Tokyo time. ICYMI there has been speculation regarding one of his deputies being approached to become the new gov. once Kuroda’s term expires on April 8: Kuroda and Amamiya. USD/JPY, meanwhile, has dipped towards 131.50 from highs around a hunger points […]
Bitcoin Heads to 25k! – Orbex Forex Trading Blog
Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The […]
EURO Heads to 1.09 Ahead of PMIs!
The EURUSD pair hit a fresh nine-month peak at the 1.09 level. Cable has been left short as another resistance zone becomes clear. Traders now look to the Eurozone and US PMI data for the next signals. Timestamps EURUSD 01:45 GBPUSD 03:05 The post EURO Heads to 1.09 Ahead of PMIs! appeared first on Orbex […]
Intraday Analysis – USD heads lower
USDJPY struggles to rebound The US dollar edges lower due to bearish inertia across the board. On the daily chart, the pair is still hovering above last May’s lows of 126.50 as the bulls strive to keep the outlook rosy in the medium-term. The price action has stabilised above 127.80 with the […]
USOIL Triple Zigzag Heads to $100!
USOIL suggests the formation of a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary waves Ⓦ-Ⓧ-Ⓨ seem to be fully completed. In the last section of the chart, we see the formation of an ascending primary intervening wave Ⓧ. This takes the form of an intermediate double zigzag (W)-(X)-(Y). The final wave (Y) will likely end near […]
Heads up for a barrage of Chinese economic data due on Tuesday, 17 January 2023 – preview
China heads off on a week-long holiday at the end of this week for Lunar New Year, welcoming in the Year of the Rabbit. Let’s see if any of this data pulls a rabbit from the hat: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are […]
EUR/USD heads for biggest weekly gain since November despite Friday’s slide
EUR/USD about to post the highest weekly close since May 2022. US Dollar back under pressure, heads for sharp weekly losses. US Consumer Confidence rises more than expected in January. The EUR/USD trimmed daily losses during Friday’s American session, rising back above 1.0800. The euro was holding onto significant weekly gains, headed toward the biggest close […]
Asia FX heads for weekly bounce, dollar at 7-mth low on easing inflation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The rose 0.1% against the dollar to an over seven-month high of […]