Bearish view Bullish view The AUD/USD pair rose and retested the important resistance level of 0.700 as the US dollar softened following the latest inflation data. It has rebounded by 2% from its lowest level this month as traders readjusted their Federal Reserve outlook. US Inflation Falls, But Iran War Poses a Challenge The AUD/USD…
This is what the News Catalyst Fade looks like when economic news drives price against the trend, so we can open a position WITH the trend. Today, let’s take a closer look. In today’s Market Outlook, let’s take a look at Forex trading on WTI, Brent Crude Oil, GBPCAD, GBPAUD, NZDUSD, and GBPNZD. Without going…
US retail sales increased modestly in June, suggesting consumer spending continued to expand despite elevated interest rates and lingering uncertainty surrounding energy prices. Advance estimates from the Census Bureau showed retail and food services sales rose 0.2% mom to USD 768.6 billion, matching market expectations. The gain followed an upward revision to May’s increase to…
The Eurozone’s trade balance swung into deficit in May as imports surged while exports remained broadly flat, highlighting the growing impact of higher import costs on the region’s external accounts. Eurostat’s preliminary estimates showed a EUR 7.8 billion deficit in goods trade with the rest of the world, a sharp reversal from the EUR 15.0…
Institutional trading venue Spotex has announced the appointment of Joe Tuccio as Head of Digital Assets. Joe joins the US-based firm at a pivotal stage in its growth, as Spotex builds on its established expertise in FX and precious metals to expand its institutional offering across digital assets. Joe Tuccio is currently Head of Digital…
The New Zealand dollar has seen buying pressures again on Wednesday, as we are looking at the RBNZ and waiting to see if the hawkish tone continues. NZD/USD The New Zealand dollar has rallied again during the trading session on Wednesday as we are now peaking above the 200-day EMA just as we had done…
Bullish view Bearish view The GBP/USD exchange rate held steady, reaching its highest level since May 12 this year as the US dollar weakness continued after the recent US inflation report. It jumped to 1.3535, up by 3% from its lowest level since June 24. Sterling Gains Ahead of Andy Burnham Premiership The GBP/USD pair…
Representative image. | Photo Credit: Getty Images/iStockphotos The rupee declined 6 paise to 96.31 against the U.S. dollar in early trade on Thursday (July 16, 2026) amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. FII outflows continued to weigh on the local…
Bearish view Bullish view The AUD/USD pair rose slightly after the US published a soft consumer inflation report, which lowered the possibility that the Federal Reserve will hike interest rates soon. It rose to 0.6975, a few pips above this week’s low of 0.6915. US PPI Data and Kevin Warsh Testimony Ahead The AUD/USD pair…
Silver’s recovery lost momentum below the $60 mark this week despite softer-than-expected US inflation, highlighting a macro backdrop that has become less supportive than many investors anticipated. Ordinarily, a downside surprise in CPI would trigger a broader Dollar selloff and provide precious metals with a meaningful tailwind. This time, however, the Dollar’s decline proved relatively…