Spot Gold (XAU/USD) has a significant indirect correlation with the 10-year US Treasury yield since May 2023. A potential short-term pull-back in US 10-year Treasury yield below a 4.90% key medium-term resistance may offer a Read more…
AUDUSD pivots higher near familiar support Short-term risk remains skewed to the downside Next resistance expected to emerge near 20-SMA AUDUSD found shelter near the descending line drawn from December 2022 for the fifth time, Read more…
USDCAD in an aggressive advance, smashing previous resistance zones Formation of a golden cross boosts bulls’ appetite Momentum indicators ease but remain deeply positive USDCAD managed to totally erase its recent downside correction and edge higher Read more…
The dollar index is trading within a narrow range on Friday morning and expected quiet mode, as markets await release of the US NFP report, key event of the week. Near-term action remains above trendline Read more…
AUD/USD is attempting a recovery wave from 0.6285. NZD/USD is also rising and facing a major hurdle near the 0.5980 level. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near Read more…
Markets The (very) long end of the US yield curve failed to build out additional (Treasury) gains after Wednesday’s meaningful correction. A third consecutive week of extremely low jobless claims (202k-207k range) might already halted Read more…
For most of this year, the market was focused on inflation numbers, as inflation was all that mattered for the Federal Reserve (Fed) expectations. And inflation fainted thanks to a significant downside correction in energy Read more…
Market movers today Today we get the key US jobs report for September. We expect data to be generally consistent with a further cooling of the economy and expect non-farm payrolls growth at +140k and Read more…
Daily Pivots: (S1) 180.55; (P) 180.81; (R1) 181.34; More… Intraday bias in GBP/JPY stays neutral at this point. Near term outlook stays bearish as long as 183.00 resistance holds. Break of 178.02 will resume the Read more…
Daily Pivots: (S1) 156.26; (P) 156.52; (R1) 156.96; More…. Intraday bias in EUR/JPY remains neutral for the moment. Near term outlook stays bearish as long as 158.46 resistance holds. Break of 154.32 will resume the Read more…