Forex

AUD/USD: Westpac’s Bullish Perspective

The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs. For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at...

What did Powell say and what did gold do?

Federal Reserve Chair Jerome Powell expressed reservations about the trajectory of disinflation in the US during his recent remarks, stating, "My confidence in that is not as high as it was." Despite this, he indicated that further rate hikes were...

US Inflation insights: What to expect this week?

Traders are preparing for a series of significant economic events in the United States, notably the release of key inflation data and a highly anticipated speech by Federal Reserve Chair Jerome Powell on May 14th. The forthcoming April Consumer Price...

Trade alert: 3 upcoming trade opportunities

US Inflation on Thursday, May 16: Inflation in the US has persisted despite expectations of a slowdown. March 2024 saw a consecutive increase in the annual inflation rate to 3.5%. Bank of America anticipates the upcoming data to reflect persistently...

Timing the BOJ’s next intervention?

We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready...

GBP/USD outlook: Pre-BOE decision time

The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement. Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you...

Countdown to RBA rate decision

The nine members of the Reserve Bank of Australia (RBA) are set announce its latest interest rate decision that could significantly impact the Australian dollar. This comes amidst remarks from Warren Hogan, Chief Economic Advisor at Judo Bank, who suggests...

Markets next move awaits Fed speeches this week

So, now we know the NFP data from last Friday, has this changed investors' outlook for fed rate cuts, and subsequently limit the recent strength in the USD? After the NFP, the USD was weakest against the NZD, falling by...

Coming up: BOE’s rate decision week

Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from...
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