AUD/USD Bounces as US Dollar Digests Powell Pivot and Data Beat. Where To From Here?
The Australian Dollar made a new low overnight on the back Fed Chair Jerome Powell retiring transitory inflation. Will the AUD/USD downtrend continue?
The Australian Dollar made a new low overnight on the back Fed Chair Jerome Powell retiring transitory inflation. Will the AUD/USD downtrend continue?
Swiss Franc strength sees multiple crosses on the backfoot. These are the key technical setups for CHF/JPY, AUD/CHF, EUR/CHF.
USD/MXN has begun to correct lower after its recent bullish burst, but the tide may turn again if the Omicron variant proves more contagious and deadly than previous Covid-19 strains.
Failure to test the August low ($61.74) may generate a near-term rebound in the price of oil as the RSI bounces back from oversold territory to indicate a buy signal.
The Australian Dollar is on the move lower versus the US Dollar despite Australia’s third-quarter GDP growth beating estimates. The Omicron variant and a more hawkish Fed Chair has markets cautious.
Fresh data prints coming out of the US may shore up USD/JPY as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.
Gold prices are under pressure after markets reacted to the hawkish comments made by Fed Chair Powell earlier this week. XAU/USD testing 1775, NFP in focus.
EUR/USD looks calmer before Friday’s US employment data but remains susceptible to near term volatility around Omicron and shifts in interest rate timelines
Turkish Lira volatility at crisis highs. Spain most exposed to Turkey.
Unease in the financial markets over the spread of the Omicron variant of Covid-19 and a more hawkish Federal Reserve will likely continue to weigh on GBP/USD.