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Australian Dollar Flies High with Kiwi on Sinking US Dollar. Where to for AUD/USD?
Australian Dollar, AUD/USD, AUD/NZD, US PPI, RBA, AU CPI, RBNZ, Fed – Talking PointsThe Australian Dollar roared to new highs on a plummeting US DollarThe New Zealand Dollar also posted a solid rally in the ‘risk on’ vibeThe RBA, RBNZ and…
Commodities Watchlist: Copper Reversal Gaining Traction
After that upside trend line breakout, it looks like copper is going for more gains!
Check out this reversal chart pattern on its 4-hour time frame.
Copper 4-hour Chart by TradingView
Not only did the commodity price break above a…
Bulls testing the 0.63s for bears lurking in key resistance
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NZD/USD bears could be about to make a move.
The NZ Dollar bulls are probing key resistance on…
US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar
US Dollar, PPI, CPI, Sentiment – Asia Pacific Market Open:US Dollar is set for worst week since early JanuaryWholesale inflation softened, hinting at a Fed pauseDXY is sitting at a critical support zone, will it hold?
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Double top emerges, around 90.00, after a 2% rally
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If AUD/JPY fails to crack 90.00, that will pave the way for a double-top confirmation.
For a…
S&P 500 Soars as Falling Inflation Boosts Fed Pause Hopes, Bank Earnings in Focus
S&P 500 OUTLOOK:S&P 500 rallies and closes at its best level since February 15, with the consumer discretionary and communications sectors leading gains on Wall StreetWeaker-than-expected wholesale inflation boosts positive…
Forex Watchlist: Is the U.S. Dollar Index (DXY) Ready to Trade in a Range?
The U.S. dollar index (DXY) is not making new monthly lows despite signs of less tightening from the Fed!
In case you missed yesterday’s headlines, you should know that the highly-anticipated U.S. CPI report showed the headline inflation…
Hits new YTD lows for the second consecutive day at around 0.8850s
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USD/CHF is poised for further decline on the daily chart.
USD/CHF 4-Hour chart suggests…
US Dollar in Freefall, USD/CAD Breaches Major Support, GBP/USD on Brink of Breakout
US DOLLAR OUTLOOK:The U.S. dollar extends losses and reaches its weakest level in more than two months following softer-than-expected PPI dataUSD/CAD breaks below trendline support, reinforcing bearish market signalsGBP/USD attacks cluster…
Forex Watchlist: USD/JPY Ready to Test Channel Support?
Is the trend still our friend on USD/JPY?
This forex pair seems to be in the middle of a correction, so I’d watch out for a potential bounce off these support levels.
USD/JPY 1-hour Forex Chart by TradingView
I’m seeing higher lows…