Crude Oil Price Rally Plays Out as China Eases Covid Controls. Will WTI Make a New High?
Crude oil prices continued to press higher today as supply issues swirl and the US Dollar gave up some ground. Where to for WTI?
Australian Dollar Eyes China PMI Amid Fragile Market Sentiment
The Australian Dollar is in focus to kick off the week ahead of today’s PMI figures out of China. AUD/USD may rise if China’s recent slowdown shows signs of dissipating as Covid restrictions loosen.
Gold Prices Fall as Yields Rise, S&P 500, Nasdaq 100 Pull Back After NFP
It was a positive NFP report but the item on everyone’s mind is the FOMC rate decision, with the Fed moving into a ‘blackout period’ after this weekend.
AUD/USD Seeks to Maintain Gains After Rosy US Session as NFPs Nears
The Australian Dollar paced higher versus the US Dollar as Wall Street rallied overnight. APAC traders may look to capitalize on that momentum into the weekend. Tonight’s US NFP data is on the radar.
S&P 500 Price Forecast: SPX Begins Pullback from Resistance
The S&P 500 put in a long-legged doji for the month of May and the focus shifts back to the Fed and tomorrow’s Non-farm Payrolls report.
Gold Price Shines Despite a Lift in Yields and US Dollar. Where to for XAU/USD?
Gold managed to make some gains even though hawkish Fed talkers reiterated rate hikes are coming, sending USD and Treasury yields higher. More gains for XAU/USD?
Bitcoin Drops Alongside US Stocks as Treasury Yields Weigh on Sentiment
Bitcoin prices sank more than 5% as US stocks closed lower on the first trading day of the month. That dour tone may bleed into the APAC session as traders eye Australian trade data.
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
The US Dollar just printed its first bearish monthly bar of 2022 trade. Non-farm Payrolls is released on Friday and the Fed is waiting in the wings for their rate decision in two weeks.
Crude Oil Dips on OPEC Plans to Ditch Russia and US Dollar Firms. New Highs for WTI?
Crude oil prices tried higher but a report from OPEC saw it slip lower while the US Dollar caught an up draft on higher Treasury yields. Where to for WTI?
Euro Sinks as US Dollar Gains on Inflation Fears Boosting Yields. Where to for EUR/USD?
The Euro softened today while the US Dollar found support from rising Treasury yields in the Asian session. Will EUR/USD continue to rally?