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
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
Daily thread to exchange ideas and to share your thoughts Happy Friday, everyone! Hope you’re all doing well as we get things going here on the session. Markets are still rather quiet on the day as traders and investors are waiting on further developments in Beijing with regards to US-China trade talks. That is leaving markets in
CRUDE OIL & GOLD TALKING POINTS: Crude oil prices prove more resilient than stocks after soft US retail data Gold prices rise, encouraged by bond yield drop amid broad risk aversion S&P 500 futures signal risk-off tone, US consumer confidence data due Cycle-sensitive crude oil prices fell alongside stocks while gold prices rose following a
The USD/JPY pair trades near 110.50 during early Friday. Weaker than expected US retail sales and downbeat news from the US-China trade talks negatively affected the pair on Thursday. Traders now await Japan’s monthly revised industrial production data. The Japanese Yen (JPY) remains little changed around 110.50 at the start of the Asian trading session