Market Spotlight: Easyjet Spikes Higher on Profit Guidance
Lower Pre-Tax LossesShares in Easyjet are trading around 10% higher from yesterday’s close after gapping higher at the open on a more upbeat update from the company. Easyjet forecasts its first annual profit in 2023 since the pandemic began on the back of record bookings. The spike in bookings has helped the company reduce its […]
Dollar edges higher as traders await Fed decision By Reuters
© Reuters. FILE PHOTO: Australian dollar and U.S. dollar denominations are shown in a photo illustration at a currency exchange in Sydney, Australia, June 7, 2016. REUTERS/Jason Reed By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar ticked up on Wednesday in subdued trading as investors looked towards the Federal Reserve’s policy decision […]
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 […]
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 […]
0.6894/21 to hold the current weakness to keep the near-term bias higher – Credit Suisse
AUD/USD is testing 0.6894/6720, which analysts at Credit Suisse look to hold to keep the risk skewed higher for a retest of retracement resistance at 0.7089/92. Stable close below 0.6821 to trigger more neutral and choppy trading “Despite the setback, medium-term momentum is still rising and the breakout remains intact and we, therefore, stick with […]
Australian dollar extending its losses, USD more broadly higher
<p>The Australian dollar dropped after the employment report:</p><p><a href="https://www.forexlive.com/news/australian-december-unemployment-rate-35-vs-expected-at-34-and-prior-also-34-20230119/" target="_blank" rel="follow" data-article-link="true">Australian December unemployment rate 3.5% vs. expected at 3.4% and prior also 3.4%</a></p><p><a href="https://www.forexlive.com/news/australian-dollar-lower-following-the-jobs-report-20230119/" target="_blank" rel="follow" data-article-link="true">Australian dollar lower following the jobs report</a></p><p>AUD/USD has extended lower still, to just under 0.6900. </p><ul><li>NZD/USD has lost some ground with it.</li><li>EUR is a touch softer. USD/JPY has […]
Dollar edges higher for now; more weakness likely By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar edged off its recent seven-month low Tuesday, while the Japanese yen slipped lower ahead of a widely-anticipated Bank of Japan meeting. At 03:20 ET (08:20 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.1% to 102.005, bouncing from […]
British Pound Latest – GBP/USD Pushes Higher on UK Jobs Data
GBP/USD – Prices, Charts, and Analysis UK wages are robust but inflation means consumers are worse off. Sterling picks up a bid post-release. Recommended by Nick Cawley Download our new Q1 British Pound forecast The latest UK Labour Market Report will give the Bank of England (BoE) something to ponder ahead of its February 2 […]
AUD/USD to inch higher gradually towards last August high of 0.7090/0.7130 – SocGen
AUD/USD has broken into 0.70 handle for the first time since August. Economists at Société Générale expect the pair to head toward the 0.7090/0.7130 region. Defending 0.6830 crucial for further up move “AUD/USD has overcome the 200DMA first time since giving it up in April last year; this affirms persistence in upward momentum.” “Defending the Moving […]
Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Iron Ore, China, Japan PPI, USD/JPY – Talking Points The Australian Dollar found support while the US Dollar slid lower The markets are focussed on the China re-opening story but there might be hurdles If commodity prices keep going north, will AUD/USD benefit? Recommended by Daniel McCarthy Get Your Free […]