AUD/USD gains lost as NY session gets going and stocks slide.  AUD/USD RSI and ATR are bearish with bears looking to break double bottom lows.  After a string of down day’s, AUD/USD has started out on the front foot this week, stablising around 0.72 the figure while the greenback struggles to stay on top, recently losing the
Talking Points – With US equity markets plunging this week, financial news media has been quick to point out movement in the bond market as the key catalyst. – Certain measures of the US Treasury yield curve have started to invert, sparking fears that the US economy is heading towards a recession within the next
The European Court of Justice (ECJ) announced its decision on the Article 50 case and ruled that Britain can unilaterally revoke Brexit notification of its intention to withdraw from the EU. The ruling provided a minor lift to the British Pound, though the uptick lacked any follow-through ahead of Tuesday’s crucial parliamentary vote on May’s
Australia should start planning for a house-price induced downward spiral, the Paris-based Organization for Economic Cooperation and Economic Development (OECD) warned on Monday.  Key points If house prices collapse consumer spending could suffer, via negative impact on wealth including from exposures to bank shares, which would encourage deleveraging. Together with reduced housing-related expenditures, this would
US DOLLARFUNDAMENTAL FORECAST: BULLISH US Dollar struggling to find direction after Fed policy pivot Inflation data may help revive flagging rate hike expectations Shaky European politics may stoke haven demand for USD Gain confidence in your US Dollar trading strategy with our free guide! Another week of directionless volatility left the US Dollar mired in
When everyone is looking at something, it changes In quantum physics, the observer effect is the theory that simply  observing a situation or phenomenon necessarily changes that phenomenon. Economics has something similar, called Goodhart’s law. It’s named after British economist Charles Goodhart who observed that when a measure becomes a target, it ceases to be a
DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages. The market is in a triangle pattern and both bulls and bears have valid arguments.  DXY is also currently supported by the 50 SMA.  Additional key levels Dollar Index Spot Overview:    Today Last Price: 96.6    Today Daily change: -17 pips    Today
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Analysts at Danske Bank see positive developments for a move higher in crude oil prices, like today’s OPEC agreement. They see the WTI barrel rising to USD70.  Key Quotes:  “OPEC+, the group consisting of the Organisation of Petroleum Exporting Countries (OPEC) and a group of oil producing countries outside OPEC (so-called non-OPEC), including Russia, today
AUD among worst performers of the week affected by RBA statement and Australian economic data.  AUD/USD heads for lowest weekly close since late October. The AUD/USD pair is about to end the week hovering around 0.7200. Price remains in a range between 0.7240 and 0.7200, almost 200 pips below the peak it reached on Monday
Oil weekly chart Oil 4-hour chart Oil is attempting to break above the 100 SMA.  The bullish target for next week can be located near 56.00 figure. Oil 30-minute chart 54.00 is currently providing strong resistance. In the short-term, oil might correct down to 53.00 or 52.00 figure. Additional key levels WTI Overview:    Today Last Price: 53.65    Today
GBP/USD is seeing apprehensive drift ahead of Friday’s major market sessions, knocking into 1.2750 but remaining trapped firmly within  GBP/USD, 5-Minute The past couple of weeks have been a ranging affair for the Cable, but swing highs remain capped off at the 1.2800 handle while swing lows continue to tread into fresh territory. GBP/USD, 30-Minute