The Australian Dollar had a look lower after China’s PMI disappointed at 48, while local statistics showed an economy at a crossroads. Where to for AUD/USD? Read More
Event risk has started pick up this past session with US consumer confidence, Germany CPI and Canadian GDP. However, the fundamental stir that would follow this data wouldn’t rise to the scale to force the S&P 500 nor EURUSD from their narrowest 12-day ranges in months. That spark likely lies ahead. Read More
The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market listen and it rescue the USD (DXY) Index? Read More
The world’s largest central bank is going to absorb key event risk and is up against a media blackout before its next monetary policy decision. A concerted messaging effort will likely be put into play, and USDJPY may be among the most exposed of the major markets to how the forecasts land. Read More
The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data. Read More
The CB consumer confidence report paints a rather mixed picture as respondents appear more upbeat about current conditions but fear for a tightening labor market Read More
EUR/USD has fallen to another key zone of technical support and resistance at 1.0350. As fundamentals continue to drive price action, the USD faces big event risk ahead. Read More