Oil sinks on prospect of more supply
Overnight Headlines *USD backs off highs, JPY jumps as sentiment soured *US stocks closed in the red, Dow -0.58% *Oil skidded to a six-week low on concern about supply overhang…
Read More »The Market Week – November – Week 3
HotForex · Midweek Market Podcast – November 17 The Market Week – November – Week 3 It’s all about inflation!! Inflation pressures are broadening and deepening especially in the US,…
Read More »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 »Australian Dollar Forecast: AUD/USD Rises Ahead of RBA Minutes, Lowe Speech
AUD/USD moved higher overnight despite souring sentiment on Wall Street. The RBA’s latest meeting minutes and a speech from Governor Lowe may provide direction for the Aussie Dollar today.
Read More »NZDUSD Looks Vulnerable as US Dollar Firms Up
NZDUSD remains vulnerable as the downtrend has resumed amid a stronger Greenback. FOMC is looking to hike interest rates after more robust than expected US CPI figures were released. US…
Read More »US Dollar Forecast: USD Rally to Persist on Upbeat Retail Sales Report
The US Retail Sales report may generate a bullish reaction in the Dollar as the update is expected to show a pickup in household spending.
Read More »Dollar holds impressive gains into the weekend
Overnight Headlines *US stocks were mixed after the biggest fall in over a month *USD rose to 16-month highs, poised for its best week in almost five months *Oil dipped…
Read More »Australian Dollar Outlook: US Dollar, Treasuries, Commodities. Where to for AUD/USD?
The Australian Dollar weakened during the week as the fall-out from US CPI sent US yields higher, bidding up the US Dollar. Will AUD/USD find a base?
Read More »The Market Week – November – Week 2
The Market Week – November – Week 2 HotForex · Midweek Market Podcast – November 11 Movements in Treasury yields and the perceived differential in the rate paths remain a…
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