Consumer confidence slides Business confidence eases while business conditions improve The Australian dollar has edged lower on Tuesday. In the European session, AUD/USD is almost unchanged, trading at 0.6376. Australian consumer, business confidence eases Australian Read more…
Germany’s ZEW Economic Sentiment soared to 9.8 in November, far surpassing the anticipated 4.9, signaling increasing optimism among financial market experts. However, Current Situation Index barely moved, nudging from -79.9 to -79.8, and falling short Read more…
U.S. inflation likely continued its long downward arc in October, with further declines forecast for the months ahead, but stick core consumer price prices are likely to keep investors from fully discounting a final Federal Read more…
U.S. equity futures edged higher Tuesday, while Treasury yields and the dollar held steady, as investors braced for a crucial October inflation report that could define both the Federal Reserve’s near-term rate path and the Read more…
GBPUSD breaks out of triangle but 200-day SMA curbs advance Despite a mild pullback, the bulls conquer the 50-day SMA Oscillators suggest that positive momentum is picking up GBPUSD had been forming a profound structure of lower Read more…
EURJPY hits new highs, but still close to caution zone Next resistance could emerge near 163.00 EURJPY surged to 162.35 on Monday–the highest level since August 2008–surpassing the caution trendline zone, though marginally. The ongoing Read more…
AUDUSD tests the 200-day SMA in narrow range Trades sideways after failing to extend its upside move RSI and MACD look optimistic AUDUSD is moving slightly lower today, finding strong resistance near the 200-day simple Read more…
GBPUSD cracked 1.2300 barrier in early European trading on Monday, boosted by better than expected US labor data (Sep wages rose above expectations and employment was significantly up in three months to Sep) which added Read more…
GBPUSD The British pound (GBP) slightly increased on Monday following a cabinet reshuffle by British Prime Minister Rishi Sunak. He appointed ex-Prime Minister David Cameron as a Foreign Secretary and fired U.K. Interior Minister Suella Read more…
XAUUSD The gold price rose slightly towards 1,945 on Monday, bolstered by safe-haven demand as both the U.S. dollar and Treasury yields declined ahead of today’s release of the U.S. inflation data for October. Possible Read more…