Australian Dollar Dipped After Slight Miss on Jobs Data. Where to for AUD/USD?
The Australian Dollar skipped a beat after domestic jobs data revealed the unemployment rate nudged up to 3.5% as the US Dollar continues to impact AUD/USD.
New Zealand Dollar Looks Past PM Jacinda Ardern’s Resignation, Eyes on Wobbly Markets
The sentiment-linked New Zealand Dollar looked past NZ Prime Minister Jacinda Ardern resigning. Rather, NZD/USD remains focused on wobbly markets after US data spooked traders.
S&P 500 Reversal Packs More Global Punch Than USDJPY’s Drama
The fallout from the Bank of Japan’s ‘status quo’ monetary policy decision was top spot for macro traders, but the later reversal from the S&P 500 and other risk assets…
EURUSD, NZDUSD and GBPUSD: The Other Heavy Intraday Reversals
There was a wave of reversals across the market this past session. US indices dove from their week-long run up while USDJPY posted a record intraday reversal after the BOJ.…
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY
The Bank of Japan didn’t alter policy last night and a large wave of Yen-weakness appeared; but that’s been faded in most pairs already as markets brace for change from…
Dax 40, Dow and FTSE Outlook: Equities Stall but Bulls Stand Firm
Dax, Dow and FTSE have reached a pivot point that could influence their next move. With fundamental and technical headwinds at play, price action remains key.
US Breaking News: PPI and Retails Sales Miss to the Downside, USD down, Stock up
Lower CPI and now PPI suggests that US inflation is dissipating. However, dismal US retail sales data during the holidays doesn’t bode well for stocks ahead of Q4 earnings
US Dollar (DXY) Remains Under Pressure Ahead of Important US Data
The US dollar trades just above a multi-month support level and with important US retail sales and PPI on deck, this zone may come under pressure.
USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Jan 04 when USD/CHF traded near 0.93.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
Gold Update: XAU/USD Eyes U.S. Economic Data for Guidance
Gold received support today from a weaker US dollar as markets keenly await U.S. PPI and retail sales figures for December. XAU/USD holding above $1900 for now.