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 […]
UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected
This survey is nothing more than a barometer of political sentiment and gasoline prices. That said, the Fed watches the inflation number closely and it was a contribution to the sudden switch to more-aggressive hiking in June (which is funny because it was later revised down). The one-year number will certainly be welcome while the […]
Michigan Consumer Sentiment Beats Across the Board, US Dollar Unmoved
US Dollar (DXY) Price and Chart Analysis Michigan consumer confidence 64.6 vs. expectations of 60.5. Year ahead inflation expectations fall for the fourth straight month. Recommended by Nick Cawley Introduction to Forex News Trading The latest Michigan Consumer Sentiment report showed consumer sentiment remaining low, from a historical basis, but beating market expectations by a […]
Leveraging Market Sentiment in Forex: A USD Pair Trading Strategy
In today’s issue, we talk about how market sentiments can affect Forex currency pairs and a few ways one can use this reading to make informed trading decisions. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and host of the Ignite Trading Room. Ignite Trading Room is FREE to join for active […]