The Australian PSI collapsed 7.8 points from 52.1 to 44.3 in January and puts the sector in contraction territory.
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Monday, 4 February 2019
AUD/USD Rate Risks Larger Pullback on Wait-and-See RBA Policy
The Reserve Bank of Australia (RBA) meeting may fuel a larger pullback in AUD/USD as the central bank is widely expected to keep the official cash rate at the record-low.
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S&P 500 : Traders Net-Short Decreased from Last Week
The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
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Google Stock Price Slumps Despite Upbeat Earnings Performance
Shares of online advertiser Google trader lower in after-hours trading after the firm’s capital expenditure shot 80% higher from a year earlier.
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EUR/USD: Traders Remain Net-Short
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
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Bitcoin: Sentiment Prompts a Mixed Signal
The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.
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EUR/JPY Weekly Technical Outlook: Price Ranges into Resistance
Euro is trying a fifth consecutive weekly advance against the Yen with price now testing range resistance. Here are the levels that matter on the EUR/JPY weekly chart.
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USD/JPY Carves Bullish Series, RSI Breaks Out Following Upbeat NFP
USD/JPY carves a fresh series of higher highs & lows following the upbeat NFP report, while the RSI breaks out of the bearish formation from late-2018.
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Weekly Trade Levels for EUR/USD, USD/CAD, Gold, Crude Oil & More
Webinar highlighting active trade setups we’re tracking into the start of February trade. Here are the updated targets & invalidation levels that matter this week.
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EUR/USD Holds Resistance, AUD/USD in Focus Ahead of RBA
Both the Dow and S&P 500 have found resistance at key areas on the chart while focus shifts towards Australia and AUD/USD for tonight's RBA rate decision.
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Sterling (GBP) Week Ahead: Brexit Overshadows BoE MPC Meeting | Webinar
‘Super Thursday’ nears with the Bank of England MPC meeting and the Quarterly Inflation Report both released. But Brexit negotiations will continue to take center stage.
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GBPUSD Drop Curbed by Key Support, EURUSD Range to Stay - US Market Open
GBP is slightly softer this morning, dipping 0.2% following today’s weak construction PMI release, which missed analyst estimates. No range-break in sight for EURUSD.
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How to Short Forex: Short Selling Currency Explained
Learn the basics of short selling currencies in the forex market.
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How and When to Buy or Sell in Forex Trading
Trading currency in the forex market centres around the basic concepts of buying and selling.
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Gold & Silver Price Analysis – Overbought, USD Bounce Putting Dent in Rally
The recent run in precious metals is hitting a snag on overbought conditions and Dollar strength, support levels may soon come into play.
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EURUSD Price Struggles After Latest Weak Economic Release
The latest Sentix Euro-Zone Economic Index fell to a multi-year low as growth continues to weaken within the single-block.
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Crude Oil Price Hits 10-Week High, Resistance Nears
Crude oil continues to push higher and is now closing in on a noted Fibonacci level which may provide stiff resistance in the short-term.
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RBA Rate Guidance Critical to AUDUSD Outlook
AUD watchers will be placing a close eye on this week’s RBA meeting (Tue) and Statement of Monetary Policy (Fri) considering the deteriorating economic outlook. Eyes on rate guidance
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Sunday, 3 February 2019
US Dollar, Yen May Rise as Data Forces Fed Outlook Rethink
The US Dollar and Japanese Yen may rise as upbeat economic data forces financial markets to rethink the latest dovish shift in Fed monetary policy expectations.
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Gold Prices May Fall Further as US Data Shifts Fed Policy Outlook
Gold prices may build on Friday’s downturn if upbeat US economic data continues to boost bond yields and the US Dollar, undermining the metal’s core appeal.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...