The Australian Dollar held firm against crosswinds that are bruising sentiment and against a US Dollar that is looking for its own identity as uncertainty for the Fed’s rate path unfolds.
Schlagwort-Archiv: Market
US Dollar Forecast: Powell Adopts Hawkish Tone but DXY Eyes Potential Retracement
The Dollar Index (DXY) continued its impressive run ending the week with a hawkish message by Fed Chair Powell. Will the DXY sustain its momentum with the RSI in overbought territory?
Japanese Yen Forecast: USD/JPY, GBP/JPY Establish and Reinforce Resistance
The Japanese Yen showed some resilience this past week after persistent weakness since the beginning of this year. Still, it remains a long road ahead for USD/JPY and GBP/JPY to meaningfully reverse lower.
Euro Forecast: ECB ‘Sources’ add to Euro Fragility Ahead of CPI Print
EUR/USD on track for a sixth successive week of declines as ECB council communicate caution on rates due to a fragile economy. EUR/JPY vulnerable
Australian Dollar Forecast: Consolidation for AUD/USD and AUD/JPY For Now
The Australian Dollar steadied the ship last week but although it is languishing against a US Dollar that continues to gain ground on the Fed maintaining the tight policy mantra.
British Pound Forecast: External Factors Will Drive GBP/USD, GBP/JPY
GBP/USD is going into the weekend on the back foot as the dollar picks up a small bid after Jerome Powell’s Jackson Hole speech.
US Dollar Forecast: Will Fed Chair Powell Inject Further Momentum at Jackson Hole?
The Dollar Index (DXY) continued its impressive run as risk-off sentiment, upbeat data and hawkish Fed minutes provided support. Will Jerome Powell inject further bullish momentum at Jackson Hole?
US Crude Oil Weekly Forecast: China, US Demand Worries To Weigh
Crude Oil prices have snapped a seven-week winning streak with investors now focused on the clear possibility of reduced energy demand, rather than the certainty of tightening supply.
Japanese Yen Outlook: USD/JPY, GBP/JPY Remain Focused Higher as Resistance Breaks
The Japanese Yen continues to see little love from traders, with USD/JPY and GBP/JPY achieving notable upside breakouts last week. What are key levels to watch in the week ahead?
Australian Dollar Forecast: A US Dollar on the March Sinks AUD/USD, AUD/JPY Follows
The Australian Dollar pierced below support levels last week as the US Dollar leapt higher on rising Treasury yields with possible official selling of US debt. Will AUD/USD turn around?