Australian Dollar Price Outlook: AUD/USD Recovery Faces First Test
Aussie has rallied five of the past seven sessions with price now eyeing a key pivot zone. Here are the targets & invalidation levels that matter on the AUD/USD charts.…
Forex Daily News
20th February 2019
Gold Price Forecast: 2018-High on Radar Amid Overbought RSI Signal
Recent price action brings the 2018-high ($1366) on the radar for gold as the bullish momentum appears to be gathering pace.…
US Dollar Digs into Fibonacci Support as EURUSD Range Remains
The US Dollar pullback continues into mid-week with support showing at a key Fibonacci level, helping EURUSD continue a topside bounce in the multi-month range. …
DXY Index’s Bearish Engulfing Bars Weaken Outlook; FOMC Minutes Today
The US Dollar is trying to find footing amid a four day losing streak, punctuated by bearish outside engulfing bars in two of the past three days.
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US Dollar May Rise as Skittish FOMC Minutes Sour Market Mood
The US Dollar may unexpectedly rise as a skittish tone in minutes from January’s FOMC meeting sours risk appetite and inspires safety-seeking capital flows.
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19th February 2019
Soft domestic data and mildly dovish Riksbank April meeting to keep SEK under pressure – ING
"With the case for the Riksbank to facilitate SEK strength sharply diminishing and the Riksbank rather facing a puzzle of how to prevent SEK weakness in the low growth and low domestic inflation environment, we look for more SEK weakness to come in the months ahead," note ING analysts and add: "The soft domestic data and mildly dovish Riksbank April meeting…
US: Jobless claims would have to rise substantially to signal a recession – TD Securities
"Yet another increase in initial jobless claims has worried some investors. However, on a non-seasonally adjusted basis, claims show no signs of unusual movement," TD Securities analysts argue.
Key quotes
"At 239K, claims remain well below historical levels — even more so if the substantial growth in the labor force is taken into account. Increases like those seen recently are typically reversed…
AUD/USD climbs higher toward 0.72 on US-China trade optimism
US Dollar Index on track to close lower for the fourth straight day.
RBA says no strong case for a near-term adjustment in monetary policy.
The US is reportedly asking for a stable Yuan in trade talks.
After spending the majority of the day in a tight range above the 0.71 mark following the modest sell-off witnessed in the Asian session, the AUD/USD…