Gold Price Forecast: XAU/USD clings to $1,850 after biggest daily fall in two weeks
The price of gold sank by over 0.6% on Tuesday and printed a low of $1,849.77 following a big move in the US dollar. XAU/USD fell from a high of…
Read More »AUD/USD Eyes Australian Wage Data After US Dollar Strengthens on Retail Sales
AUD/USD fell overnight after a better-than-expected US retail sales report lifted Treasury yields. Meanwhile, natural gas prices surged following a regulatory spat of Europe's Nord Stream 2 pipeline.
Read More »Australia Wage Price Index for Q3 2021 0.6% q/q (vs. expected 0.5%)
Australia Wage Price Index for Q3 2021 +0.6% q/q amd +2.2% y/y Reserve Bank of Australia Governor Lowe spoke yesterday and was very doubtful indeed that wage growth in the…
Read More »EUR plunges to new cycle lows, 1.13 eyed
Overnight Headlines *USD hit a fresh 16-month high driven by EUR weakness *US stocks close little changed *Biden tells Xi US doesn’t support Taiwan independence *UK unemployment 4.3% vs 4.4%…
Read More »Market Update – November 16
USDIndex up and currently settled to 95.49. Further signs of rising inflation pressures from RBA, BoE and FOMC. RBA: Governor Lowe is stressing that he will not hike rates to control…
Read More »
7 Things that Change Your Life in 3 Months
✅ ✅💰MY FOREX DAY TRADING ACADEMY + COPY MY TRADES EVERYDAY➥ https://www.incomementorbox.com/ ✅💰MY Stock Trading Academy+FREE PROFIT SCALPING INDICATOR➥https://www.andrewstradingchannel.com/stock-trading-mentor-box/ ✅💰 NEW UPSI-Profit Scalping Indicator (FREE with Academy)➥ upsi-indicator ✅💰BEST Cryptocurrency…
Read More »Tepid tone to early trading kicks off the week
Overnight Headlines *US stocks eased last week to break a string of gains *USD comes off 16-month highs at 95.26 *China data beat expectations as spending, power supply picks up…
Read More »RBA Minutes: Prepared to be patient until wage and inflation targets are met
The minutes of the November 2021 Monetary Policy Meeting of the Reserve Bank Board has been released where the central bank is repeating that they are
Read More »Market Update – November 15 – Market eyes Geopolitics & Stimulus
USD (USDIndex 02) spiked to 95.25 (new 16-mth high) on Friday. The consumer sentiment data (10-yr low)and JOLTS provided mixed views, with confidence plunging, 1-year inflation rising, and a slip in job openings, but a…
Read More »RBA November minutes: Repeats no hike to cash rate until wage & inflation criteria are met
Reserve Bank of Australia November 2021 monetary policy meeting minutes Headlines via Reuters The RBA is being very patient in waiting for wage growth to accelerate. Until it does, the…
Read More »