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Australian Dollar Flies High with Kiwi on Sinking US Dollar. Where to for AUD/USD?

Posted by By 14/04/2023Posted inForex
The Australian Dollar hit the after-burners overnight, stretching to a 7-week peak following soft US inflation data that also boosted the New Zealand Dollar. Where does that leave AUD/NZD?
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US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar

Posted by By 13/04/2023Posted inForex
Traders continued punishing the US Dollar amid a lack of reason for safety as the Dow Jones, S&P 500 and Nasdaq 100 soared on Thursday. Will DXY confirm its worst…
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S&P 500 Soars as Falling Inflation Boosts Fed Pause Hopes, Bank Earnings in Focus

Posted by By 13/04/2023Posted inForex
The S&P 500 rallied and closed at its best level since mid-February, boosted by weaker-than-expected U.S. inflation data. Market attention now shifts to the first-quarter earnings season
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Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Apr 05 when Gold traded near 2,020.37.

Posted by By 13/04/2023Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
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US Dollar in Freefall, USD/CAD Breaches Major Support, GBP/USD on Brink of Breakout

Posted by By 13/04/2023Posted inForex
The U.S. dollar weakens across the board on Thursday, paving the way for USD/CAD to breach key trendline support and pushing GBP/USD to the brink of a bullish breakout.
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Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since Apr 06, 2023 04:00 GMT when Gold traded near 2,007.65.

Posted by By 13/04/2023Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
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Oil Price Update: OPEC Flags Downside Risks to US Summer Demand

Posted by By 13/04/2023Posted inForex
OPEC’s monthly report for March highlighted the possibility of a subdued rise in US oil demand ahead of the summer driving season as part of the decision to cut supply
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Euro Latest: EUR/USD Taps a Fresh One-Year High as the US Dollar Ebbs

Posted by By 13/04/2023Posted inForex
The US dollar continues to slide after Wednesday’s US CPI and FOMC double. The Euro in contrast is pushing higher with EUR/USD back to levels last seen one-year ago.
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US Dollar Price Forecast: US Jobless Claims and PPI May add to USD Weakness

Posted by By 13/04/2023Posted inForex
The dollar continued its longer-term selloff after yesterday’s headline CPI data registered a massive drop. PPI inflation & weekly jobs data threaten further USD declines
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British Pound Latest – GBP/USD Moves Higher on Mixed GDP Data, US Dollar Weakness

Posted by By 13/04/2023Posted inForex
The UK economy stood still in February, according to the latest UK GDP data, hampered by industrial action in some parts of the services sector.
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