Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Spiked, USD Steady, Crude Oil Up, Stocks Up Note: Friday is options expiry in the US, volatile: maybe, maybe not. The Buck steadied Friday, but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price […]

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance The Australian dollar rallied a bit during the trading session on Thursday but still faces significant resistance just above. With that being the case it looks as if we are about to take on a serious level in the market that could change things going forward. The Australian […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Off Notes: The International Monetary Fund (IMF) Wednesday said the dollar was overvalued by 6% to 12%, based on near-term economic fundamentals. With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched […]

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the early European session on Wednesday. The pair extended the previous session’s pullback from the 0.7045-50 supply zone, or […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting The Minutes released earlier today from the Reserve Bank of Australia’s last meeting on interest rates on July 2 said the central bank will cut interest rates again, “if needed.” “Lower interest rates would provide more […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue Another month of sharp decline in Australian investment lending was not enough to prevent the Australian Dollar to US Dollar (AUD/USD) exchange rate recovering ground this morning. Even though lending saw a -1.7% contraction in May, defying forecasts of modest 0.5% growth, the Australian Dollar […]

 Asia: Gold, USD, Crude Oil, Stocks & Commodities

 Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery The AUD/USD pair quickly reversed an early European session dip to fresh 2-1/2 week lows and is currently placed at the top end of its daily trading range, around the 0.6925-30 region. The pair stalled its recent downward […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week The Australian Dollar was on the defensive at the beginning of the new week but is tipped by analysts at Commonwealth Bank of Australia (CBA) to prevail in its ongoing scrap for a key level over the coming days.  Australia’s Dollar ceded ground to a […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Down, USD Up, Crude Oil Flat, Stocks Lower Notes: White House Economic advisor Larry Kudlow has confirmed top representatives from the United States and China will meet in the coming week to continue trade talks. Iran said Sunday it will shortly boost its uranium enrichment above a cap set by a landmark Y 2015 nuclear […]

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again The RBA lowered interest rates for a second straight month, the first back-to-back cuts since 2012. The benchmark rate currently stands at an even 1.0%, a historical low. In follow-up comments, RBA Governor Lowe said that the economic outlook “remains reasonable”, but investors will no doubt […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst The Australian dollar has gone back and forth during the trading session on Thursday as Americans were away for Independence Day celebrations. That being said, we are at significant resistance so it’s not a huge surprise to see the market fail […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY Wednesday, the US financial markets are shortened, and all US financial markets are closed Thursday for Independence Day FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: Bank of England Governor Mark Carney on Tuesday flagged uncertainties stemming from trade disputes and Britain’s departure from the EU […]

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level

Australian Dollar: USD/AUD (AUD=X) continues to see the market struggle with the 0.70 level After the RBA chose not to cut rates overnight, the Australian dollar strengthened significantly. However, we are starting to struggle at the 0.70 level again, so it’s very likely that we’ve got some choppiness ahead of us. The 0.7060 level above continues to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Up, Crude Oil Down, Stocks Mixed Notes: President Trump said Monday that any trade deal with China would need to be “somewhat tilted” in favor of the United States. The US government also threatened tariffs on $4-B of additional EU goods in a long-running dispute […]

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity The Australian dollar initially gapped higher but then turned right back around to form a very negative candle. This is an ugly little, as the 0.70 level seems to have resisted the market. Beyond that, we have had the meeting between the Americans and the Chinese, and perhaps the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: The US and China agreed on Saturday to resume trade negotiations after President Trump offered concessions to his Chinese counterpart Xi when the 2 leaders met on the sidelines of the G-20 Summit in Japan. OPEC and […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday Although the RBA is expected to cut rates this week on Tuesday, comments last week from RBA Governor Philip Lowe indicated a somewhat dovish tone moving forward. Lowe essentially said that to expect a further interest rate cut was “no unrealistic”. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Ease Notes: President Trump made clear Friday that trade is his Top priority at this G-20 Summit, as China’s Xi warned against rising protectionism and India, Japan and Russia defended multi-lateral trade rules. Investors and Traders await the meeting between […]

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls The Australian Dollar is undervalued by a double-digit percentage although correcting the mismatch between market prices and the intrinsic value of the Antipodean unit could be a long and drawn out process, according to new analysis from Commonwealth Bank of Australia. Australia’s currency is down almost 1% […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: Investors and Traders await the meeting between Presidents Trump and Xi later this week for signs of a de-escalation in the trade dispute. The 2 world leaders will meet at the G-20 Summit in Japan. Just in from […]

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation Despite slightly dampened Federal Reserve interest rate cut bets, the Australian Dollar to US Dollar (AUD/USD) exchange rate has continued to advance this week so far. The Australian Dollar (AUD) continues to rebound from its recent lows due to numerous factors. Since hitting […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why the Melt Up? The Big A: If gold remains above previous […]

Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates

Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates

Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates The Australian dollar has rallied during trading on Monday, reaching the 50 day EMA before pulling back slightly at the end of the session. At this point, the question is whether or not the […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Off, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why? The Big A: If gold remains above previous highs […]

Australian Dollar: USD/AUD (AUD=X) pops on RBA comments

Australian Dollar: USD/AUD (AUD=X) pops on RBA comments

Australian Dollar: USD/AUD (AUD=X) pops on RBA comments The Australian Dollar experienced a little lift to kick-off the trading week. A short-term phenomenon, for sure, the local unit climbed following comments made by RBA Governor Philip Lowe at a panel discussion yesterday morning, that “… it’s legitimate to ask how effective more [monetary policy] easing […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Firm, Stocks Up Notes: Investors are awaiting an expected meeting between Presidents Trump and Xi later this week for any signs of a de-escalation in a trade dispute. The 2 world leaders will meet on the sidelines of the G-20 […]

Australian Dollar: USD/AUD (AUD=X) highlights this week

Australian Dollar: USD/AUD (AUD=X) highlights this week

Australian Dollar: USD/AUD (AUD=X) highlights this week The RBA minutes were dovish, which was not a surprise, coming after the RBA cut rates from 1.50% to 1.25%. Policymakers said that it was “more likely than not” that further policy easing would be appropriate. On the housing front, the House Price Index plunged 3.0% in Q1, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month Australian businesses have seen a pick-up in activity this month with the service sector enjoying the fastest pace of growth in seven months, a survey showed on Friday. The CBA-Markit purchasing management index (PMI) for services and manufacturing climbed to 53.1 in […]

Gold Seeing 6-Year Highs on Fed Rate Cut Signal

Gold Seeing 6-Year Highs on Fed Rate Cut Signal

$GLD, $XAU, $SLV, $USD, $AUD Gold prices spiked to a near 6-year highs Thursday after the Fed signaled it was ready to cut interest rates as early as next month to boost growth, triggering a sharp decline in the USD. Spot gold jumped 2.2% to $1,390.38 oz by 1:32 p.m. EDT (1732 GMT). Prices touched […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows AUDUSD folded down to a fresh five-month-low last week as USD-strength had come rushing back. After the resistance inflection at the .7000 big figure earlier this month, sellers have been back in control of the pair; and this can keep the door open for further short-side, particularly […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump said Tuesday he will have an extended meeting with Chinese President Xi at the G-20. The world’s 2 largest economies are in the middle of a costly trade dispute that has pressured financial markets […]

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market The slump rally that had begun on June 9 got slightly diverted in today’s trading session. The pivotal point for the reversal was 0.6835 levels. The pair had started the day near 0.6855 levels and continued the downtrend. The early slip in the AUD/USD pair […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Off Notes: The New York Fed said Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2.5 years, suggesting an abrupt contraction in […]

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines AUD/USD has continued its declines, with the pair hitting the lowest level in five months. The outlook for the day will depend on the reaction to this $0.6865 support level. The hourly chart shows the move back towards trendline resistance, raising the likeliness of […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Subdued, USD Up, Crude Oil Up, Stocks Firm Notes: A Reuters poll showed a growing number of economists expect the Fed policymakers to cut interest rates this year, although the majority still see it holding steady. In Asia Gold: Gold prices subdued Monday after retreating from […]

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut On the back of the recent RBA interest rate cut, there are mounting calls in Australia, to continue to cut with some expecting the cash rate to drop to 0.5%. At least that is the expectation of a few of the major banks both […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: China will release May industrial production along with retail sales and investment numbers at 0700 GMT, analysts expect any improvement from April’s downbeat readings will be mostly marginal. Economists polled by Reuters expect industrial production in China […]

Australian Dollar: USD/AUD (AUD=X) market is highly sensitive to the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) market is highly sensitive to the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) market is highly sensitive to the US/China trade situation The Australian dollar has gone back and forth during trading on Thursday, but the one thing that has caught my attention more than anything else is that the 0.69 level has held steady for support. With that being the case, the market will […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Off Notes: Crude Oil surges after report of tanker incident in Gulf of Oman near Iran In Asia Gold: Gold prices advanced Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the Fed […]

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate AUD/USD is slightly lower in the Wednesday session. In North American trade, AUD/USD is trading at 0.6950, down 0.17% on the day. On the release front, Australian Westpac Consumer Sentiment declined 0.6% in June, after a gain of 0.6% in the May release. In […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Falls, Stocks Off Notes: US Crude Oil inventories rose by 4.9-M bbl in the week ended 7 June to 482.8-M bbl, according to data from the American Petroleum Institute (API) Tuesday. That compared with analyst expectations for a decrease of 481,000 […]

Australian Dollar: USD/AUD (AUD=X) holds key resistance

Australian Dollar: USD/AUD (AUD=X) holds key resistance

Australian Dollar: USD/AUD (AUD=X) holds key resistance On the long-side of the US Dollar, AUDUSD may retain some interest. I had looked at the pair in this week’s FX Setups as one of the more attractive backdrops for a return of USD strength, and the resistance zone investigated has thus far held the highs fairly well. Current […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Up Notes: President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. In Asia Gold: Gold held steady Tuesday after posting its biggest 1-day percentage […]

Australian Dollar: USD/AUD (AUD=X) starts week with losses

Australian Dollar: USD/AUD (AUD=X) starts week with losses

Australian Dollar: USD/AUD (AUD=X) starts week with losses Aud/Usd has posted considerable losses in the Monday session. In North American trade, AUD/USD is trading at 0.6963, up 0.54% on the day. On the release front, there are no major U.S. events. The sole event is JOLTS Job Openings, which is expected to tick up to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Notes: Investors are still hoping that President Trump will meet Chinese President Xi on the sideline of G-20 leaders’ meeting late this month to seek compromise on trade and other economic issues. Ahead of the Summit, G-20 […]

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads Two opposing central banks began to collide this week as both the RBA and FOMC appear to be at the crossroads. The RBA made the first big step in many years and cut the cash rate by 25bp to 1.25%. Shortly thereafter, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Eased, USD Flat, Crude Oil Steady, Stocks Flat Notes: Crude Oil in still Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” […]

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans AUD/USD has posted slight gains in the Thursday session, erasing most of the losses seen on Wednesday. In North American trade, AUD/USD is trading at 0.6985, up 0.23% on the day. In Australia, the trade surplus narrowed to A$4.87 billion in April, down from […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Flat Notes: Crude Oil in Bear Market territory. Bank of America Merrill Lynch said this week “global oil demand growth is running at the weakest rate since 2012” at below 1-M BPD, and that this was “leading the selloff” in […]

Australian Dollar: USD/AUD (AUD=X) psychologically significant price

Australian Dollar: USD/AUD (AUD=X) psychologically significant price

Australian Dollar: USD/AUD (AUD=X) psychologically significant price The Australian dollar went back and forth during the trading session on Wednesday, as the 0.70 level is crucial on longer-term charts. Ultimately, it’s likely that we will see a bit of pullback pressure in this area, because we have had a move towards the 50 day EMA, which […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Bounced Notes: USD struggled near 7 week lows Wednesday after Fed officials hinted at the possibility of an interest rate cut in the face of rising risks to trade and global growth. JPMorgan expects the Fed to cut rates 2X […]

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127)

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127)

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127) Keep in mind, the AUD/USD rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127), with the exchange rate marking another failed attempt to break/close above the moving average in April. In turn, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Fell Notes: JPMorgan expects the Fed to cut rates 2X this year, a major change from its previous forecast that rates will stay on hold until the end of Y 2020. The benchmark 10-yr Treasury yield fell to its lowest […]

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25%

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25%

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25% AUD/USD has moved higher in the Monday session. In North American trade, AUD/USD is trading at 0.6957, up 0.30% on the day. Earlier in the day, the pair touched 0.6966, its highest level since mid-May. On the release front, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Off, Stocks Mixed Notes: Fighting to stave off punitive tariffs announced by President, a senior Mexican delegation was set to begin high level talks Monday in Washington, where it will be pushed to do more to hold back Central American migrants. […]

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible The Pound has been under pressure against the Australian Dollar of late but the GBP/AUD exchange rate is now approaching solid areas of support while much of the price action this week will depend on the RBA interest rate decision. The Pound lost […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Down, Stocks Down Notes: Global stocks will continue their drive North, but an escalation of the US-China trade dispute poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. President Trump […]

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative AUD/USD has been quite trendy in recent weeks as global trade tensions increase and risk assets such as the Aussie keep tumbling. Although, we saw a reversal higher towards the end of last week after the soft US manufacturing and services reports. But the sentiment is still […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Steady, Crude Oil Up, Stocks Mixed Notes: Global stocks will continue their drive North, but an escalation of the US-China trade dispute poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. […]

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility The Australian Dollar is edging lower on Wednesday with the currency posting a tight trading range for a third straight session. The inside trading range suggests investor indecision and impending volatility. Perhaps capping gains are a flare up of concerns over an escalation of the trade […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Down Notes: US markets turned hot and fast late Tuesday with high volume trade across the board after coming off the holiday weekend. Asia, focus remains on the ongoing US-China trade dispute. President Trump said Monday that […]

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios I had charted this setup around last week’s open, largely looking for AUDUSD to grasp on to support after gapping-higher to start the week. A dovish RBA rate decision shortly after helped to push prices back down to support, quickly filling that gap; but […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $BTC, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY Markets were subdued Monday with the financial markets in the UK and the United States being closed for Holidays. FLASH: Gold Off, USD Up, Crude Oil Mixed, Stocks Up Notes: Trade concerns also remain high on investors’ list of concerns. President Trump said Monday that Washington […]

Australian Dollar: USD/AUD (AUD=X) light trading expected

Australian Dollar: USD/AUD (AUD=X) light trading expected

Australian Dollar: USD/AUD (AUD=X) light trading expected AUD/USD has posted slight losses in the Monday session. In North American trade, AUD/USD is trading at 0.6916, down 0.16% on the day. U.S markets are closed in the U.S. for the Memorial Day holiday, and there are no U.S. or Australian events on the calendar. On Tuesday, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY The US Financial Markets are Closed Monday in Observance of Memorial Day USA FLASH: Gold Up, USD Off, Crude Oil Mixed, Stocks Flat Notes: President Trump pressed Japanese Prime Minister Shinzo Abe Monday to even out a trade imbalance with the United States and expressed confidence, despite […]

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike Fed Fund futures are currently pricing in 50% chance of a cut in September and a full 25 basis-point cut by December. Traders are also looking for another rate cut for next year. As the trade war drags […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Mixed In Asia Gold: Gold prices held steady Friday after rising above $1,280 in Thursday’s session. Spot gold was steady at $1,283.56 oz by 0415 GMT, US gold futures for June were down 0.2% at 1,283.10. Gold has found a […]

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness The Australian dollar can’t find a way out of the darkness. The AUD has been falling since January 2019 and it seems that the situation only worsens. Let’s see what factors will affect the currency in the middle term. On the daily chart of AUD/USD, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: Investors bet most Asian currencies will come under further pressure, a Reuters poll showed, with trade tensions between the United States and China firmly dominating headlines once again. US Crude Oil inventories rose last week, hitting their […]

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower AUD/USD has posted small losses on Wednesday. Currently, the pair is trading at 0.6875, down 0.12% on the day. On the release front, Australian indicators pointed lower. The MI Leading Index dropped 0.1%, while the Construction Index declined 1.9%, much weaker than the estimate of a 0.1% gain. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Down, Stocks Down Notes: Gold is now more than 5% below its late-February 2019 high at $1,346.73 oz. Investors await the release of the Fed’s mins at 1800 GMT, which is expected to provide insights into the 1 May meeting by […]

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level The Australian dollar fell hard during the trading session on Tuesday, breaking down to the gap, showing extreme negativity. Quite frankly at this point I would be hesitant to buy this market, at least after what we have seen over the last 24 hours or so. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump Monday threatened Iran with “great force” if it attacked US interests in the Middle East. This came after a rocket attack in Iraq’s capital Baghdad, which Washington suspects to have been organized by militia with […]

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains The Australian Dollar was riding high at the top of the G10 league table Monday following a surprise win for the coalition government in Sunday’s general election, although analysts are saying that gains for the Antipodean currency could prove short-lived. Australia’s Liberal Party […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Unch, USD Up, Crude Oil Up, Stocks Up Notes: United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not “the right decision.” President Trump Tweeted that a conflict […]

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon Australia’s dollar jumped at the market open after the nation’s center-right government clung to power in a surprise election victory at the weekend. The Aussie was indicated 0.8 percent stronger in early trading at 69.26 […]

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates In what’s fast becoming a familiar theme, the Aussie weakened against all major crosses except the British pound during the session, failing to garner any support despite a further modest improvement in investor risk […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]

Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite

Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite

Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite The Australian dollar remains pressured with traders paying scant regard to a modest rebound in stocks and commodities on Tuesday. With the exception of the Japanese yen and British pound, the movements in the AUD elsewhere were negligible despite renewed confidence […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. Middle East focus: Saudi Arabia Monday said that 2 […]

Australian Dollar: USD/AUD (AUD=X) falling back into key support level

Australian Dollar: USD/AUD (AUD=X) falling back into key support level

Australian Dollar: USD/AUD (AUD=X) falling back into key support level AUD/USD has been in consolidation mode over the past fortnight, with the pair exhibiting lower highs and largely flatlining lows during that time. We are seeing a return to that $0.6962 support level this morning, with the reaction to that level likely to prove key to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

2$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Flat, Crude Oil Mixed, Stocks Down Notes: President Trump increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods, and now targets $325-B more. The UAE said Sunday that 4 commercial vessels were […]

Australian Dollar: USD/AUD (AUD=X) prices are stalling

Australian Dollar: USD/AUD (AUD=X) prices are stalling

Australian Dollar: USD/AUD (AUD=X) prices are stalling China remains gripped in a slowdown, which is bad news for Australia, as the Asian giant is China’s largest trading partner. Chinese manufacturing PMI dropped to 50.1 in April, pointing to stagnation. Building approvals swung wildly, falling 15.5% in March, after a gain of 19.1% a month earlier. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Firm, USD Down, Crude Oil Steady, Stocks Mixed Notes: President Trump has increased pressure on China to reach a trade deal, as he hiked US tariffs on $200-B worth of Chinese goods 12:01a Friday, and targets $325-B more.. China Vice Premier Liu He is in […]

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation The Australian dollar has fallen a bit during the trading session on Thursday, as we continue to see the 0.70 level as an area of interest. Beyond that, there is a significant amount of support extending all the way down to the 0.68 level. This […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Down Notes: And again, President Trump has increased pressure on China to reach a trade deal, saying he will hike US tariffs on $200-B worth of Chinese goods tat 12:01a Friday, and targets $325-B more.. China wants the tariffs […]

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