[ad_1] Trading the News: Australia Gross Domestic Product (GDP) Australia’s Gross Domestic Product (GDP) report may fuel the recent weakness in AUD/USD as the growth rate is expected to slow to 2.8% from 3.1% during the first three-months of 2018. Signs of a less-robust economy may encourage the Reserve Bank of Australia (RBA) to keep…
[ad_1] TALKING POINTS – POUND, CARNEY, BOE, US DOLLAR, ISM, AUSSIE DOLLAR, RBA British Pound vulnerable as BOE’s Carney talks down rate hike prospects US Dollar may retrace some recent gains on soft manufacturing ISM data Australian Dollar gains on RBA rhetoric but follow-through seems unlikely The British Pound remains in focus following a rocky…
[ad_1] TALKING POINTS – BRITISH POUND, BREXIT, PMI, YEN, US DOLLAR, TRADE WAR British Pound down on Brexit worries, may look past UK PMI to Carney speech US Dollar and Yen rise, NZ Dollar falls amid risk aversion in Asia Pacific trade Australian Dollar manages to hold up as spotlight turns to RBA policy decision…
[ad_1] Fundamental Forecast for CAD: Neutral USDCAD Analysis and Talking Points: Short Term CAD Direction Dependent on NAFTA Outcome Bank of Canada Governor Poloz to Emphasis Gradual Tightening See our Q3 CAD forecast to learn what will drive the CAD through the quarter. Short Term CAD Direction Dependent on NAFTA Outcome Headline risk for the…
[ad_1] US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar snaps 2-week loss streak as haven demand returns Trade war and emerging market worries may sustain support Upbeat local data to boost yield appeal if sentiment recovers See our free guide to get help gain confidence in your US Dollar trading strategy! The US Dollar snatched victory…
[ad_1] Fundamental Forecast for Japanese Yen: Bullish Japanese Yen Talking Points The recent rebound in USD/JPY unravels following the failed attempt to test the monthly-high (112.15), but fresh data prints coming out of the U.S. economy may prop up the exchange rate as Non-Farm Payrolls (NFP) are projected to increase another 191K in August. Signs…
[ad_1] New Zealand Dollar Talking Points NZD/USD pares the rebound from the 2018-low (0.6544) as business sentiment in New Zealand slips to a 10-year low, and the exchange rate may exhibit a more bearish behavior over the coming days as it continues to track the downward trend from earlier this year. NZD/USD Outlook Mired by…
[ad_1] Talking Points: – Gold’s rebound has nothing to do with the perception of its standing as a safe haven and everything to do with the fact that the US Dollar is struggling. – The daily 13-EMA, which had been resistance since mid-June, has survived tests as support yesterday and today, suggesting Gold may have…
[ad_1] CRUDE OIL & GOLD TALKING POINTS: Commodity prices retreat as consumer confidence data boosts US Dollar Crude oil prices stall above $68/bbl figure with EIA inventory data on tap Gold prices may fall further if US GDP update keeps Fed hikes in focus Commodity prices continued to reflect swings in the US Dollar on…