AUD Plummets on Australian CPI - Aussie Eyeing US-China Trade War

AUD plunged following the release of worse-than-expected year-on-year CPI data. The sentiment-linked asset will now be closely watching the upcoming US-China trade talks.


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AUD/USD Technical Analysis: Key Trend Support Under Fire

The Australian Dollar is threatening a break of near-term chart support, setting the stage for what may be a trend-defining breakdown resuming last year’s dramatic selloff.


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AUD/USD May Turn on Channel Support. S&P 500, US Dollar, Yen Climb

The Australian Dollar may reverse on CPI data as AUD/USD sits on rising channel support. As the S&P 500 hit a record high, forex markets were hesitant. The anti-risk USD, JPY rose.


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Slowing Australia CPI to Keep AUDUSD Rate Under Pressure

Updates to Australia’s Consumer Price Index (CPI) may fuel the recent decline in AUD/USD as the is expected to narrow to 1.5% from 1.8% in the fourth-quarter of 2018.


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Dow Jones, Nasdaq 100 Await Key Earnings to Drive Price Action

A series of upbeat earnings released on Tuesday propelled two of the three major US equity markets to top all-time highs. Wednesday’s reports from the likes of Boeing and Microsoft will be critical for continuation.


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Currency Volatility: AUD and CAD Eyed Ahead of Aussie CPI, BOC Rate Review

AUD and CAD currency pairs could experience heightened price action tomorrow as forex traders react to Australian inflation data and the Bank of Canada's interest rate decision.


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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

The US Dollar has finally scaled-up to a fresh yearly high. But buying pressure dried-up soon after: Can Dollar bulls continue to drive to higher-highs?


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Gold Price Outlook: XAU Offers a Glimmer of Hope at Fresh 2019 Lows

Gold prices halted today’s decline at trend support- so is a near-term bottom in? Here are the targets & invalidation levels that matter on the XAU charts this week.


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Aussie Weekly Price Outlook: AUD/USD Rejected at Resistance

Aussie is down more than 1.6% from the April high with price continuing to trade within a critical range. Here are the levels that matter on the AUD/USD weekly chart.


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S&P 500 Climbs to All Time Highs, Propelled by Strong Earnings

US markets continue their upward climb as strong earnings reassure investors of a strong economic environment and a healthy appetite from consumers in the economy.


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Top 5 Events: Q1’19 Australia Inflation Report & AUDUSD Price Forecast

The Q1’19 Australia inflation report is due on Wednesday, April 24 at 01:30 GMT.


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Bullish Oil Price Behavior to Persist as RSI Sits in Overbought Area

Oil prices may continue to carve a series of higher highs and lows as the Relative Strength Index (RSI) pushes back into overbought territory.


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USDJPY: Net-Short Positions Decreased by 7.4% from Last Week

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.


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S&P 500: Price Moved 20.3% Higher Since January 07

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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GBPUSD: Traders Remained Net-Long Since March 26

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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EURUSD: Traders Remain Net-Long Since April 12

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


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USDCHF Price Closing In On Significant Resistance

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Bitcoin: Net-Short Positions Decreased by 14% from Yesterday

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


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Gold: 74.9% of Traders Are Net-Long

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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DXY Index Eyes Breakout to Fresh Highs; EURUSD, GBPUSD Pressured

US Dollar strength is rolling through markets today, pushing the DXY Index to the highs seen in November and December 2018 and March 2019.


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