Earlier gains disappear The Australian dollar is at the low of the day, down 7 pips to 0.7134 after reaching as high as 0.7161 early in North American trade. There isn’t a coherent theme in the move but there are worries about China after poor auto sales numbers today. The US holiday has complicated the
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US DOLLARFUNDAMENTAL FORECAST: NEUTRAL US Dollar unable to hold up after touching six-week high Fundamental driver inconsistency leaves outlook clouded Risk trend conviction needed, January FOMC minutes due Gain confidence in your US Dollar trading strategy with our free guide! The US Dollar attempted to extend higher last week, touching a six-week high against an
Crude OilTalking Points: Three top oil forecasting agencies have highlighted non-OPEC supply as a downward pressure Despite an OPEC cut, supply should remain considerable despite US sanctions on Iran and Venezuela Supply glut comes as crude demand questioned Crude Oil Price Outlook – Fundamental Forecast: Bearish West Texas Intermediate (WTI) crude oil posted solid gains