The Australian Dollar has been battling to lift off the mid-August low but the recent rally might be constructive for it as it seeks to move back into a range trading environment.
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Sunday, 3 September 2023
Markets Week Ahead: US Dollar, Gold, Crude Oil, AUD/USD, USD/CAD, RBA, BoC
The US Dollar broadly underperformed as gold prices soared. Ahead, the Australian and Canadian Dollars are eyeing the RBA and BoC, respectively. Will crude oil prices extend a winning streak and what else is in store for markets in the week ahead?
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Friday, 1 September 2023
British Pound Latest: GBP/USD Slips Going Into the Weekend, EUR/GBP Little Changed
The latest US Jobs Report nudged the US dollar against a range of G7, while updated ONS data shows the UK economy in better fettle than previously thought.
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August Jobs Report: Payrolls Rise by 187K, Setting Gold and USD on Opposite Paths
The U.S. labor market continued to show strength in August by adding 187,000 jobs, slightly above expectations. This indicates that significant layoffs have not yet become widespread, highlighting the economy's enduring resilience.
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S&P 500 Outlook: Can NFP Propel US Stocks Back to Yearly Highs?
early indications of a softer US labour market point to an underwhelming NFP report later today. The knock-on effect will be felt in stocks which have clawed back recent losses
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GBP/USD, Dollar Index (DXY) Hold Above Support Ahead of Key US Data Releases
The Bank of England (BoE) is facing growing challenges heading toward the September meeting, as uncertainty around the Fed swirls as well. Will todays US data provide some clarity for the pair?
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Indices on Track for Second Week of Gains: FTSE 100, Nasdaq 100, DAX 40
Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of today’s US Non-Farm Payrolls.
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Bitcoin (BTC), Ethereum (ETH) Slide as SEC Postpones ETF Decision, US Jobs Report Now Key
The SEC pushed back making a decision on a handful of spot Bitcoin ETF applications until mid-October, leaving BTC/USD vulnerable to a further bout of weakness
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Thursday, 31 August 2023
EUR/USD Slides as Euro Area Makes Progress on Core Inflation, Headline Steady
The Euro Area saw core inflation cool in August but the headline and MoM figure remain sticky. No real clarity from today's data will only add to the ECB's conundrum moving forward.
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XAU/USD Price Forecast: Gold Extends on US Jobs Data
Gold prices have pushed higher on recent US jobs figures but PCE and NFP data will be key inputs as to the Fed’s rates trajectory.
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Wednesday, 30 August 2023
US Dollar Dip Pauses as Markets Reassess Fed Moves and China Concerns. Lower USD?
The US Dollar descent took a breather today as the Federal Reserve’s rate path is re-examined amid softening US data and China woes continuing. Will the DXY (USD) index trend lower?
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Wait-and-See Ahead of US PCE Data, China’s PMI Mixed: SPDR Semiconductor ETF, China A50, Brent Crude
Wall Street headed higher for the fourth straight day, but this time with more measured gains as some reservations kicked in ahead of the US core PCE data release later today.
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Australian Dollar Spikes After China PMI Beat; Can AUD/USD Rise Toward 0.66?
AUD rose briefly on tentative signs that China's manufacturing activity could be reviving. Can AUD/USD rise toward 0.66?
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Euro Jumps as US Dollar Pauses and Japanese Yen Sinks. Higher EUR/USD and EUR/JPY?
The Euro recovery story continues as the US Dollar ascendency is questioned and the Japanese Yen is allowed to slide. Eurozone CPI lies ahead. Will it boost EUR/USD and EUR/JPY further?
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Stocks Resume Their Bullish Run; FTSE 100, Nasdaq 100, Dow Jones
Outlook on FTSE 100, Dow and Nasdaq 100 as hopes of the Fed moving away from its tightening path grow.
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Japanese Yen Price Action Setups: USD/JPY, GBP/JPY Key Levels Identified
USD/JPY, GBP/JPY post recovery in the Asian session as BoJ Board member Tamura spoke. His comments were largely construed as dovish in nature and added renewed selling pressure on the Yen. Where to Next?
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Tuesday, 29 August 2023
Euro’s Downside Cushioned Ahead of Euro Area CPI, US PCE: EUR/USD, EUR/GBP Action
EUR is attempting to recover some lost ground ahead of Euro area inflation data and US core PCE price index data due Thursday. Will it last? EUR/USD and EUR/GBP price setups.
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Asia Day Ahead: Weak US Data Cooled Rate Bets; Australia inflation Below Expected
Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline.
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Australian Dollar Falls After CPI Miss; Which Way for AUD/USD, AUD/JPY?
AUD fell after Australia consumer price inflation moderated more than expected last month. What does it mean for AUD/USD’s trend and what are the key levels to watch in AUD/JPY?
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Bitcoin Soars on Grayscale’s Legal Victory over SEC. What’s Next for BTC/USD?
Bitcoin staged a vigorous rally after the U.S. Court of Appeals for the DC Circuit delivered a significant setback to the SEC's attempt to stymie Grayscale's attempt to launch a cryptocurrency ETF.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...