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Buying Momentum Falters, Shutdown and Consumer Confidence to Move Dollar

December 27, 2018 2:33 PM
Buying Momentum Falters Asian markets pushed higher overnight, with the exception of the Shanghai Index, which was nursing losses following dismal Chinese industrial profits. Europe also started in the black, although European bourses were back in the red by midway through the European session.

AUD/USD: Bearish Trend Still Dominates Ahead of AU Jobs

August 15, 2018 6:23 PM
The price action so far today is emblematic of a textbook “risk off” day: stocks are falling across the globe, oil is trading off by nearly 3%, bond yields are generally retreating, and the yen is the strongest performing major currency (though we would note that gold bugs still can’t seem to catch a break!).