Australian Dollar Forecast: AUD/USD Reversal Risk– Breakdown Levels
Australian Dollar reversed off key resistance last week with Aussie threatening a deeper correction in the days ahead. Levels that matter on the AUD/USD technical chart.
Crude Oil Outlook: Oil Prices Rise as Inflation Jitters Loom
Oil prices continue to rise as fundamental factors weigh on supply. Rising channel continues to hold bulls at bay
USD Breaking News: Hawkish Pressure Increases as CPI Beats Estimates, DXY Higher
U.S. CPI data came in above estimates with both core and headline inflation exceeding expectations. The U.S. dollar has moved marginally higher post-announcement as the DXY looks to target swing…
EUR/USD Technical Analysis: Euro Poised for New Leg Lower
EUR/USD has been putting in a continuation pattern the past few weeks, looks set to trade lower soon; levels and lines to watch.
Gold Price Running Into Resistance Ahead of US Inflation Data
The precious metal is heading towards a zone of resistance in advance of the latest US inflation release.
USD & Cross Asset Reaction to US CPI, AUD Headwinds Ahead of Jobs Report
FX implied volatility remains subdued, despite noteworthy inflation data. Soft iron ore prices weigh on AUD.
EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 07, 2021 when EUR/JPY traded near 129.00.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
Tesla (TSLA) Shares Slump Further – Down 17% in Less Than a Week
Tesla CEO Elon Musk is back in the news again with Twitter polls, stories about his brother selling Tesla stock, and Michael Burry�s suggestions hitting the stock price hard.
British Pound (GBP) Price Outlook: GBP/USD Shrugs Off Row Over MPs' Second Jobs
Political turmoil in Westminster over Members of the UK Parliaments’ second jobs has failed to damage GBP/USD so far, suggesting underlying support for the pair.
Crude Oil Prices Jump as US Holds Reserves and Ahead of US CPI. Where To from Here?
WTI oil squeezed up on news that the US will not release strategic reserves and inflation data gives markets much to mull over. Can crude continue to climb?