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Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan

Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan

The Australian Dollar initially dipped lower before rallying as the US Dollar paused in its recent run-up while Chinese data showed a fragile economy ...
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Gold Price Loses its Lustre as the US Dollar and Treasury Yields Climb. Lower XAU/USD?

Gold Price Loses its Lustre as the US Dollar and Treasury Yields Climb. Lower XAU/USD?

The gold price slide continues today as markets assess the consequences of a rising US Dollar and Treasury yields. China’s outlook is under the micr...
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Market relief in Wall Street amid China’s jitters: Russell 2000, Straits Times Index, AUD/USD

Market relief in Wall Street amid China’s jitters: Russell 2000, Straits Times Index, AUD/USD

Wall Street managed to start the week higher, tapping on some recovery in big tech and semiconductors to override earlier jitters around China’s pro...
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Euro Price Action Update: EUR/USD at the Beginning of a Broader Bearish Reversal?

Euro Price Action Update: EUR/USD at the Beginning of a Broader Bearish Reversal?

The Euro closed at its lowest against the US Dollar since early July, with EUR/USD breaking under the 100-day Moving Average. Is this the beginning of...
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Crude Oil Price Outlook: Bearish Engulfing Confirmed, Retail Bets Start Shifting Balance

Crude Oil Price Outlook: Bearish Engulfing Confirmed, Retail Bets Start Shifting Balance

Crude oil prices have weakened over the past couple of trading days, pushing retail traders to become slightly more bullish. Meanwhile, a Bearish Engu...
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Japanese Yen (JPY) Clobbered To New ’23 Lows; Skirts ‘Intervention Zone’

Japanese Yen (JPY) Clobbered To New ’23 Lows; Skirts ‘Intervention Zone’

The Japanese Yen has weakened on a combination of domestic and global factors, to the point where the BoJ has intervened in the past...
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S&P 500, Nasdaq Update: US Stocks Resilient Despite Tesla’s China Woes

S&P 500, Nasdaq Update: US Stocks Resilient Despite Tesla’s China Woes

US stocks edge higher despite a number of headwinds: higher 10-year yields, US dollar and news of Tesla’s discounted offering in China seeing the st...
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Chinese Real Estate Sector in Focus Driving Risk Off Sentiment

Chinese Real Estate Sector in Focus Driving Risk Off Sentiment

News overnight about a possible default by the largest private property developer in China has raised concerns of a possible contagion. As a result ri...
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EUR/GBP, GBP/USD Remain Rangebound as GBP Faces a Defining Week

EUR/GBP, GBP/USD Remain Rangebound as GBP Faces a Defining Week

The Pound heads into the new week having seen consolidation for the majority of August. Inflation and employment data lie ahead and could give the GBP...
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