AUD/USD trades with negative bias for the fifth straight day amid a modest USD strength. Disappointment over China’s stimulus update exerts additional pressure on the Aussie. Traders now look to FOMC minutes for short-term impetus ahead of US inflation figures. The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6760 area and […]
Here is what you need to know on Thursday, September 26: After witnessing a solid turnaround in American trading on Wednesday, the US Dollar (USD) pauses its recovery and remains in a consolidative mode heading into the European opening bells on Thursday. Traders turn cautious and refrain from placing fresh bets on the USD before […]
Share: Early Wednesday morning in Asia, the latest Reuters Tankan survey showed that the sentiment at big Japanese manufacturers fell in July for the first time in six months while confidence at non-manufacturers – while still very robust – edged down for a second straight month. The survey acting as a leading indicator […]
Share: Gold price struggles to gain any meaningful traction on the first day of a new week. Friday’s upbeat US data underpins the US Dollar and caps the upside for the metal. Bets that the Fed will soon end its rate-hiking cycle to help limit corrective decline. Gold price kicks off the new […]
Share: Market sentiment remains cautiously optimistic despite the latest inaction. S&P500 Futures seek fresh clues to extend Monday’s rebound from one-week low. US Treasury bond yields consolidate the previous week’s rally amid downbeat inflation expectations, employment data. Hawkish Fed talks, US-China jitters are extra filters probing the momentum traders seeking fresh clues. The […]
