AUD Technical Outlook: AUD/USD, AUD/JPY Rolling Over
Aussie isn't looking particularly healthy as it has already broken or on the verge of breaking support levels versus USD and JPY, respectively.
Canadian Dollar Forecast: USD/CAD Rips Higher – Further Gains Ahead?
USD/CAD corrects higher on hawkish Fed, positioning may fuel further rise.
Fed Meeting Aftermath: Equities Lower, Bond Yields Stable Despite Rate Hike Projections
The Dow Jones leads global equities lower as the FTSE 100 takes the biggest hit in Europe
EUR/USD Breaks Down to a Two-Month Low as US Dollar Bulls Charge
The Euro is back at lows last seen in mid-April against a resurgent US dollar after Wednesday’s FOMC meeting left US dollar bulls empowered
British Pound (GBP) Price Outlook: GBP/USD Lurches Lower, Start of a New Downtrend?
GBP/USD has broken below support from a trendline connecting the higher lows of an upward-sloping channel in place since March 2020.This could mark the start of a new trend lower.
US Dollar Aims to Extend Fed-Inspired Rise, Eyes Yellen Testimony
The US Dollar aims to extend higher having roared to life in the wake of a momentous Fed policy meeting. Testimony from Treasury Secretary Yellen is now in focus.
Crude Oil Prices Pull Back as USD Gains, But Uptrend Remains Intact
Crude oil prices retreated from recent highs as the Fed’s hawkish signals propelled the US Dollar, weighing on commodity prices. The demand outlook remains bright after inventories fell the most…
Gold Price Forecast: FOMC Tanks Gold but Fed Patience Key for XAU Recovery
The FOMC decision tanked gold after bond bears drove Treasury yields higher on a less dovish Fed. However, the central bank remains patient, which may help gold as bond markets…
AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Jun 04 when AUD/USD traded near 0.77.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
Australian Dollar Outlook: AUD/USD Looks to Rebound After Blowout Jobs Data
Australian employment data blew consensus forecasts out of the water on Thursday, highlighting the strength of the country’s recovery.