USD, yields wobble near month end, CNY to lead AUD/USD higher?
Soft data and month-end flows jolted the USD at its cycle highs. If the USD pulls back even slightly, it could help lift AUD/USD from its lows and track the yuan higher.
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
Soft data and month-end flows jolted the USD at its cycle highs. If the USD pulls back even slightly, it could help lift AUD/USD from its lows and track the yuan higher.
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
This morning's release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for the first time since 2010.
The two sides are nowhere near rolling back the tariffs that kickstarted the “trade war” three years ago...
A symmetrical triangle is forming on the FTSE 100, although a volume-based indicator is suggesting it may not break out in the conventional direction.
This year will be much more subdued.
USD/CNH fell 9% from the top of 2020 as investors expected the recovery of the economy after the pandemic.
USD/CNH has dropped 1.4% so far in October and is on track for a fifth straight monthly decline.
Despite a rebound in the U.S. dollar, USD/CNH longer-term technical outlook remains bearish....
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.