AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms
The Australian Dollar is gaining against the US Dollar as rising iron ore helps boost the Aussie Dollar. Westpac Consumer Confidence is in focus.
Tesla, ARKK, Nasdaq 100 and S&P 500: Varying Stages of the Cycle
Are we nearing a major market turn as inflation prints beyond expectations? If so, gyrations inside of US equities may be showing us something.
AUD/USD May Rise on RBA Minutes as Australian Dollar Tracks Higher Commodity Prices
AUD/USD may rise following the Reserve Bank of Australia Minutes, as rising commodity prices cushion Aussie Dollar sentiment.
Gold Price Forecast: Gold Breaks Bull Flag – Can Buyers Maintain?
Gold prices have jumped to a fresh three-month-high, breaking above resistance from a bull flag formation.
AUD/USD Eyes Chinese Economic Data as Sentiment Cautiously Improves
AUD/USD aims higher as several potentially hard-hitting economic events out of China are set to cross the wires. Meanwhile, market sentiment remains on fragile footing after last week.
NZD/USD Rises After Rate Bets Ease, Business NZ PMI in Focus
The risk-sensitive New Zealand Dollar rose as rate trades eased and Wall Street gained. NZD saw a positive print in New Zealand’s business PMI.
US Dollar May Rise Further as PPI Data Stokes Inflation Fears
The US Dollar may continue to push higher if PPI data tops forecasts, stoking worries about runaway price growth that forces sooner Fed stimulus withdrawal.
Bitcoin (BTC) Plunges on Tesla Bitcoin Suspension, AUD/USD Spars USD Strength
Bitcoin plunged after Tesla CEO Elon Musk announced that the company is suspending the acceptance of Bitcoin for purchases. Meanwhile, AUD/USD struggles against a sharply strong US Dollar.
Australian Dollar Outlook: Inflationary Theme in Spotlight as AUD/USD Sputters
The risk-sensitive Australian Dollar is holding gains despite a Wall Street selloff. Building permits out of Australia, Fedspeak, and industrial production data from India are in focus.
British Pound May Extend Sharp Rise with Queen's Speech in Focus
The British Pound may continue to build higher after scoring the largest one-day rise in 14 months if the Queen’s Speech encourages BOE stimulus withdrawal bets.