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On the Fundamental side, the effects  of still elevated commodity prices is being offset by risk sentiment and concerns about China’s demand future forecast. On the other hand, it is likely to be the USD strength that causes AUD/USD  to be bearish as well We continue to see some moderate downside risks for the AUD (possibly to 0.68) although a possible uptrend...

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With growth weakening, stagflation risks rising and Chinese lockdowns extending, the AUD should remain bearish in coming weeks with current support at 0.7030 and 0.6985 next The AUD is weak against the USD bolstered by Fed's accelerated tightening. Alternatively , with price at a multiweek low , a recovery towards 0.74 and then higher looks higher This is an...

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Today I bring you the weekly analysis update of the AUDUSD Market Wednesday’s CPI data for April will show whether the fastest rise in inflation in more than 40 years has peaked. The annual rate of inflation came in at 8.5% in March after gasoline costs hit record highs. Economists are forecasting an annual rate of 8.1%, but a stronger than expected reading...

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The AUD/USD pair maintained its bearish tone through the first half of the European session and was last seen trading near a multi-day low, just below the 0.7100 area. The bearishness seemed rather unaffected by the Reserve Bank of Australia’s (RBA) hawkish Statement on Monetary Policy, suggesting a further increase in interest rates is needed to restrain...

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Against a more hawkish rate hike by RBA, upbeat domestic macro data extended some support to the aussie. It is worth recalling that the RBA on Tuesday surprised markets and raised the official cash rate by 25bps from a record low of 0.10% to 0.35% As was widely expected the US central bank announced the largest interest rate hike since 2000 and the start of...

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AUDUSD picked up bids to retest yesterday's high at 0.71482 during the european session. The recovery move looked to be amid broadly softer dollar during sluggish momentum. The USD softening seems to be burdened by the pullback in treasury yeilds protrayed on Tuesday as well as the US Fed Reserve would not stick by any major surprises that could drive the...

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AUDUSD : Limited scope for further gains in the current difficult market environment. The RBA has hiked its key rate slightly more than the market expected fro 0.10% to 0.35% with no clue communicated about the extent of the next rate steps. The market is expecting a key rate hike at each of the coming meetings so it seems to have been prices in the markets...

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Today i bring you a weekly analysis of the NZDUSD Market The Federal Reserve looks almost certain to approve a 50- basis or half percentage, point rate hike at the conclusion of its May policy meeting on Wednesday . Its first rate hike of that size in over 20 years and announce the start of a reduction of their $9 trillion asset portfolio. This will be a busy...

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Today i bring you a weekly analysis of the AUDUSD Market The Federal Reserve looks almost certain to approve a 50- basis or half percentage, point rate hike at the conclusion of its May policy meeting on Wednesday . Its first rate hike of that size in over 20 years and announce the start of a reduction of their $9 trillion asset portfolio. This will be a busy...

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All key levels that price might react to and break this week. With a stong break of 0.71817 0.71400 may be possible.

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All important levels for this week. Price has broken the 1.36 level and a rally towards 1.35500 looks possible Enjoy the week.

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Despite the fact that the British pound managed to stay resilient against the dollar this week, experts don't see GBP/USD pushing higher next week. The average target on the one-week view aligns at 1.3520.

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GBP/USD entered a phase of bullish consolidation following a solid recovery rally to two-week highs of 1.3629, as investors digested stunning US Nonfarm Payrolls. The headline numbers arrived at 467K vs. 150K expectations and revived the demand for the US dollar across the board, putting an end to the BOE-led rally in the cable. The currency pair remains...

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• GBP/USD’s rally stalls as US inflation encourages more Fed rate hike expectations. • Cable’s upside depends on the UK’s inflation, Fed minutes and US data. The pound is likely to emerge as one of the best performers across G10 currencies this week, defying the broad US dollar strength. However, the currency pair mostly maintained its previous week’s higher...

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Gold prices consolidated for a second consecutive trading session and finished the week up 5.7%. U.S. Treasury yields moved lower, weighing on the greenback, which helped buoy the yellow metal despite a selloff in riskier assets. Leading Economic Indicators were in line with expectations. Next week the markets will focus on the Federal Reserve meeting.

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A fall back to sub-$36,000 would bring the first major support level at $34,270 into play. The Bitcoin bears are eyeing a return to sub-$30,000. Bitcoin last sat at sub-$30,000 back in July 2021. $29,000 had proven to be the key support level following a reversal from last April’s previous ATH of $64,829.

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The British pound has fallen a bit during the course of the week, after initially trying to rally. The market formed a couple of shooting stars during the course of the week which of course brings in fresh selling, so be interesting to see how that plays out. All things being equal, this is a market that I think will continue to see a lot of noisy behavior, but at...

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With a major correction expected in the coming weeks, the cable kept growing which major resistance levels in the cluster. The cable initially fell back below the 1.35 level but met strong buyers and picked the market back up. Key levels remain :1. 3840, 1.37 , 1.35 , 1.32