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Forex

ISM Manufacturing Activity Cools, but Weakens Less than Expected, Prices Paid Collapse

Posted by By 01/08/2022Posted inForex
U.S. manufacturing activity weakened less than expected in July, but continued to slow down, a sign that the economic outlook is not yet improving.
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USD/JPY Technical Analysis – Big Move Down Bringing Support into Play

Posted by By 01/08/2022Posted inForex
USD/JPY broke hard from a rising wedge pattern, but now has the first area of support in focus that could spark a bounce; levels and lines to watch.
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AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jun 03, 2022 when AUD/USD traded near 0.72.

Posted by By 01/08/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
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DAX 40 Rallies as Poor German Data Fails to Dampen the Mood

Posted by By 01/08/2022Posted inForex
The Index continued its rally higher from last week as global sentiment improved, while poor German data failed to quell the move higher.
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Markets Week Ahead: S&P 500, US Dollar, Gold, AUD/USD, GBP/USD, RBA, BoE, NFP

Posted by By 01/08/2022Posted inForex
It is another busy week ahead for traders, with several potentially high-impact events that could shift market sentiment and Fed rate hike bets. July closed out with strong gains for…
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US Dollar Price Action: USD/JPY, EUR/USD, GBP/USD

Posted by By 01/08/2022Posted inForex
USD extends pullback. JPY outperforms, Euro faces topside hurdles. GBP eyes BoE
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EUR/USD Outlook – Pressing Higher as the US Dollar Loses Its Shine

Posted by By 01/08/2022Posted inForex
The single currency is shrugging off poor German retail sales numbers and is looking to print a fresh one-month high as the US dollar weakens further.
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AUD/USD Forecast: RBA Prospects Outdo Weaker PMI’s, Aussie Bid

Posted by By 01/08/2022Posted inForex
AUD/USD is looking to re-test the 70c mark once more today ahead of tomorrow’s RBA meeting.
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Crude Oil Price Slips as China PMIs Disappoint Ahead of OPEC+. Where to for WTI?

Posted by By 01/08/2022Posted inForex
Crude oil is softer today after Chinese activity data missed forecasts ahead of this week's OPEC+ meeting. Will an equity market rally push the Fed to a more hawkish stance?
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US Dollar Reversal Accelerates, More Losses Ahead? USD/SGD, USD/PHP, USD/THB, USD/IDR

Posted by By 01/08/2022Posted inForex
The US Dollar extended losses against ASEAN currencies this past week. Is further downside in store for USD/SGD, USD/PHP, USD/THB and USD/IDR ahead?
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