AUD/USD Rate Rebound Emerges Ahead of Australia Employment Report
Fresh data prints coming out of Australia may generate a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.
Fresh data prints coming out of Australia may generate a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.
Natural gas prices tumbled by more than 5% as market participants jostled for position ahead of Thursday’s U.S. inventories report.
USD/CAD prices have continued to consolidate within a well-defined range as major risk events loom.
The Russell 2000 could extend recent losses following the appearance of a death cross on its daily chart, a bearish technical pattern that indicates a high probability of further weakness.
EUR/USD may stage a larger rebound over the coming days as the exchange rate appears to be reversing course ahead of the monthly low (1.1272).
The Japanese Yen fell as the 10-year Treasury yield hit a new 2022 high. USD/JPY is eyeing the Bank of Japan next, but follow-through may depend on more important fundamental drivers.
Decembers core inflation year on year reached 4% with headline inflation coming in at 4.8% as expected. Measured response as markets eye BoC rate hike next week
This morning brings in earnings from Proctor and Gamble, Bank of Americaand UnitedHealth roup, beats estimates despite inflation and increased expenses.
Steps towards a vote of no-confidence in Prime Minister Boris Johnson
The dollar-driven sell-off in EUR/USD yesterday shows no sign of retracing, despite 10-year German Bund yields turning positive for the first time in 3 years.