May 2022 – Page 50 – UAG Trade Asia

AUD/USD FOMC-Induced Rally Faces Technical Levels Ahead of Australian Trade Data

AUD/USD put in a blistering rally overnight after a relatively dovish FOMC announcement tanked the US Dollar. APAC traders are watching for follow-through as Australia’s trade balance approaches.

May 4, 2022
Finance
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The EURUSD has been hovering around 1.05 for the fourth day in a row, which is the last round level point before moving towards parity. This lull could be interpreted as an attempt by the bears to gain strength before a new decline, or it could indicate that the downside momentum is exhausted. History and […]

May 4, 2022
Finance
No Comments

Rates as of 0500 GMT Market Recap Currencies were a bit calmer than usual yesterday ahead of todays meeting of the Federal Open Market Committee FOMC, the ratesetting body of the US central bank see below. Its a bit surprising that CAD tops the list of currencies this morning even though oil prices are down. […]

Australian Dollar Technical Outlook: Aussie Recovery to be Short-Lived

Australian Dollar rallied more than 1.2% off downtrend support ahead of the FOMC today- looking for a near-term high. Levels that matter on the AUD/USD technical charts.

EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Apr 26, 2022 17:00 GMT when EUR/GBP traded near 0.85.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.

May 4, 2022
Finance
No Comments

The crypto market at the start of May appears as a nascent revolution in fintech and money vs. some purging of speculative excesses and headwinds from the Federal Reserve.

Crude Oil Price Forecast: Muted Price Action Setting WTI Up for a Move

WTI oil has been relatively quiet for the past few weeks, but it’s not likely it will stay like that much longer; levels and lines to watch for a breakout.

Fed Expected to Step Up Inflation Fight with Big Rate Hike

Halfpercentagepoint hike likely to be first of several Fed expected to begin to shrink 9 trillion balance sheet Policy statement due at 2 p.m. EDT 1800 GMT WASHINGTON, May 4 Reuters The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to […]

British Pound Bumps Lows as US Dollar Poised Ahead of the Fed and BoE

The British Pound is trading just above 2-year lows as the US Dollar holds ground ahead of the Fed meeting today. Will GBP/USD rally from here?

Australian Dollar Forecast: AUD/USD, AUD/JPY at Risk Amid More Bullish Retail Traders

The Australian Dollar sits in a precarious position as retail traders boost their bullish bets on the currency. Is this a warning sign that AUD/USD and AUD/JPY could have more room to weaken?

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AUD/USD FOMC-Induced Rally Faces Technical Levels Ahead of Australian Trade Data

Where is EURUSD Heading from 1.05? To 0.85 or 1.20?

Currencies Trade in narrow Range Ahead of FOMC

Australian Dollar Technical Outlook: Aussie Recovery to be Short-Lived

EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Apr 26, 2022 17:00 GMT when EUR/GBP traded near 0.85.

Unprecedented digital money, fintech revolution facing the Fed

Crude Oil Price Forecast: Muted Price Action Setting WTI Up for a Move

Fed Expected to Step Up Inflation Fight with Big Rate Hike

British Pound Bumps Lows as US Dollar Poised Ahead of the Fed and BoE

Australian Dollar Forecast: AUD/USD, AUD/JPY at Risk Amid More Bullish Retail Traders

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