AUD/USD renews weekly bottom around 0.6890 amid poor Aussie employment, downbeat yields
AUD/USD bears poke previous monthly top during a two-day downtrend from five-month high. Australia jobs report bolstered case for slower rate hike from the RBA. US Treasury bond yields renew multi-day low even as downbeat data, hawkish Fedspeak renew recession fears. AUD/USD holds lower ground near the intraday low near 0.6890 as the previous monthly […]
XAUUSD: Weekly Review 16 – 20 January 2023
XAUUSD, Weekly Gold jumped to start 2023 with strong gains, as the positive momentum from December carried over into the new year. Last year’s headwinds, particularly the strengthening Dollar and Yields are starting to reverse, so 2023 is likely to be more friendly to the yellow metal. According to data released by the US Bureau […]
Gold is set for the highest weekly close since April, what’s next
gold daily chart The gold bulls are certainly having a moment. At the start of December, as I always do, I highlighted the seasonal trend towards higher gold. Once again, it worked and remains the single-best seasonal trade I know of. It’s been a ticket to start the year off with a solid gain forever. […]
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 […]
Dribbles inside weekly triangle below 0.6400
NZD/USD remains sidelined inside a short-term symmetrical triangle formation. Sustained trading beyond the key HMAs, steady RSI favor buyers. Sellers need to break 0.6190 to dominate further. NZD/USD makes rounds to 0.6370-75 during early Wednesday, after snapping a two-day uptrend near a monthly top the previous day. In doing so, the Kiwi pair remains inside […]
EURUSD: Weekly Review 09-13 January
EURUSD, Daily Last week EURUSD saw a loss of -0.48%, after Friday’s increase of +1.19% in the weekly single hanging man candle pattern. The Euro recovered from a 4-week low and rallied sharply, after the Dollar was sold on the weak US December ISM services report. EURUSD initially fell to a 4-week low in previous […]
Dollar edges higher after Fed minutes; weekly jobless claims to come By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged higher Thursday, gaining some support from the generally hawkish tone of the minutes of the Federal Reserve’s December meeting. At 03:15 ET (08:15 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.095. The of the […]