NZD/USD Jumps, Nikkei 225 Up on Japan Data Beat, Hang Seng Lower After China PMI Miss. USD Sidelined?
NZD higher as USD softens in Asia, while APAC equities reacted to local data after another record high on Wall Street. Will “risk on” continue?
Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed
Crude oil is on the upswing as UK markets reopen after a holiday but prices may struggle on approach to trend resistance. inventory data and an OPEC+ meeting are eyed ahead.
Gold Price Outlook: XAU/USD May Find Support if US Sentiment Data Disappoints
Gold prices may find support if US Conference Board Consumer Confidence data disappoints. XAU/USD technical signals seem to offer a near-term upside bias.
Iron Ore and Copper Forecast: NFPs in Focus After China PMIs Flash Warning
Iron ore and copper prices are softer after Chinese economic data showed a worse-than-expected slowdown in manufacturing and services. Traders are shifting focus to the US NFP report due out Friday.
Dow Jones Pulls Back While Nasdaq Surges, Hang Seng May Rise
The cyclically-oriented sectors led the losses on Wall Street, pulling the Dow Jones lower. The Nasdaq 100 index hits a record high however. Asia-Pacific markets opened higher following a strong te...
Australian Dollar Looks Past China Non-Manufacturing PMI Slump, Will AUD/USD Rise?
The Australian Dollar brushed off a disappointing Chinese Non-Manufacturing PMI report, coming in at 47.5 against 52.0 expected. Will AUD/USD push higher?
Nasdaq 100 Forecast for the Week Ahead: 16000 in Focus as Non-Farm Payrolls Near
The Nasdaq 100 hit another record, nearing 16000 in the aftermath of the Fed’s Jackson Hole Symposium. Will a softer US non-farm payrolls report add more momentum to tech stocks?
New Zealand Dollar Forecast: NZD/USD Pinned on Covid Woes as Chinese PMI Looms
The New Zealand Dollar is softening versus the US Dollar as Covid woes weigh on sentiment. Traders are eying today's PMI data out of China, which may have market-moving potential.
Crude Oil Outlook: OPEC+ Meeting Overshadows Hurricane Ida as WTI Prices Stall
WTI crude oil prices stall below $70 despite Hurricane Ida threatening supply imbalances. Ahead, oil traders are eyeing the OPEC+ meeting expected on Wednesday.
USD/MXN Slides on Lower US Treasury Yields, Market Focus Turns to NFP Data
USD/MXN extends Friday's decline and falls moderately on Monday as U.S. Treasury yields lose further ground following Powell's dovish remarks at Jackson Hole.