AUD/USD Outlook Mired by Failure to Defend Opening Range for May
AUD/USD may face a further decline over the coming days as the exchange rate snaps the opening range for May.
AUD/USD may face a further decline over the coming days as the exchange rate snaps the opening range for May.
U.S. stocks plunge on Monday, weighed down by recession fears and monetary policy angst, with the S&P 500, Nasdaq 100 and the Dow Jones all dropping to fresh 2022 lows.
The price of oil may continue to track the positive slope in the 50-Day SMA ($104.94) if it manages to defend the monthly low ($100.28).
Energy stocks sell off on Monday, leading the decline on Wall Street amid a sharp pull back in oil and natural gas prices. Despite the retreat, energy stocks maintain a bullish outlook.
DailyFX analysts give their expert predictions and their 2022 Q2 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe…
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Short-term consumer inflation expectations cool, but remain near record levels. The decline, however, is a good sign and may suggests that price pressures will ease further in the coming months.
The Fed dropped the hammer yesterday but the market reaction was equity strength and USD weakness. Both themes that are already being faded. Tomorrow brings NFP.
Inflation is in focus this week, with the United States and China set to report CPI data. Central bank rate hike bets are being monitored after last week’s wave of risk aversion. Will markets rebound?