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AUD/USD Unfazed on China PMI Data Amid Sour Market Sentiment

Posted by By 31/08/2022Posted inForex
The Australian Dollar was largely unfazed against the USD after China's manufacturing activity crossed the wires. The PMI index remained in contraction, dimming hopes that a Chinese economic reboun...
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USD/CAD Rate Eyes Yearly High Ahead of Canada GDP Report

Posted by By 31/08/2022Posted inForex
USD/CAD may stage another failed attempt to test the yearly high (1.3224) as Canada’s Gross Domestic Product (GDP) report is anticipated to show a pickup in the growth rate.
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New Zealand Dollar Eyes Chinese Economic Data as APAC Markets Prep for Risk-Off Move

Posted by By 30/08/2022Posted inForex
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AUD/USD Rate Vulnerable to Upbeat US Non-Farm Payrolls (NFP) Report

Posted by By 30/08/2022Posted inForex
The US Non-Farm Payrolls (NFP) report may drag on AUD/USD as the update is anticipated to show a further improvement in the labor market.
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S&P 500, Nasdaq, Dow Pull Back: Good News is Bad News for Stocks

Posted by By 30/08/2022Posted inForex
US Indices ended the session in negative territory as better-than-expected economic data indicates that the FOMC will not back away from its aggressive tightening cycle.
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Canadian Dollar Forecast: Rallies into Resistance as Oil, Stocks Weaken – Setups for CAD/JPY, USD/CAD

Posted by By 30/08/2022Posted inForex
The major CAD-crosses still offer mixed signals.
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EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Jun 15 when EUR/GBP traded near 0.86.

Posted by By 30/08/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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Dow Jones Short-term Technical Outlook: Stock Plunge Searches Support

Posted by By 30/08/2022Posted inForex
The Dow Jones plunged more than 7% off the August high with DJI turning negative for the month- support now in view. The levels that matter on the technical charts.
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EURUSD Chops Around Parity as ECB Mulls 75 Basis Point Hike

Posted by By 30/08/2022Posted inForex
EURUSD pushing higher on ECB rumors hints of intervention in energy markets.
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Gold Price Forecast: Gold Support Test – Can Bears Break it Down?

Posted by By 30/08/2022Posted inForex
Gold prices are falling and price is currently testing a big spot of support. Can gold bears elicit another test of key support at multi-year lows?
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