US Dollar Higher as FOMC Minutes Put QE Taper into View. Onward and Upward?
The US Dollar strengthened in the APAC session against the major currencies and commodities. The strong Australian jobs number may not be enough to hold up AUD/USD.
Gold Prices Drop as US Dollar Approaches Fresh 2021 High
Gold prices dropped as APAC traders digested the FOMC minutes, causing the US Dollar to rise near its yearly high. Traders eye the upcoming Jackson Hole symposium.
Australian Dollar Gains on Jobs Data Beat, Will AUD/USD Rally Continue?
The Australian Dollar rose after a stellar jobs report saw Australia add more jobs than expected as the unemployment rate declined to 4.6% from 4.9%. Will the AUD/USD rally continue?
S&P 500 Falls as FOMC Minutes Hint at Tapering, Hang Seng May Rebound
Major US indices fell on Wednesday after the FOMC meeting minutes hinted at scaling back asset purchases before the end of this year. The DXY US Dollar index climbed. Asia-Pacific markets look set ...
Swiss Franc Technical Analysis: USD/CHF, EUR/CHF, CHF/JPY, NZD/CHF
The Swiss Franc has been mixed in 2021 against G10 peer currencies. Here are technical setups for USD/CHF, EUR/CHF, CHF/JPY, and NZD/CHF.
NZD/USD Dives After Covid Woes Delay RBNZ Hike, Focus Shifts to AU Jobs Report
The New Zealand Dollar traded sharply lower after a snap lockdown forced the RBNZ to surprise markets with a rate hold. Traders are now shifting focus to Australia’s July jobs report.
Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil is on the cusp of taking out the July low ($65.01) as US production increases for the second straight week.
US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk
The US Dollar is peeling back from session highs as bears fade strength despite the latest FOMC minutes hinting that Fed officials might decide to taper asset purchases before year-end.
AUD/USD Rate Tracks Descending Channel Ahead AU Employment Report
AUD/USD may continue to give back the advance from the November 2020 low (0.6991) as it trades within a downward trending channel.
USD/ZAR Outlook: Risk-Off Sentiment Hampers Rand Ahead of FOMC
The environment for the rand and other emerging market currencies has not been conducive as of late as global factors turn markets away from riskier assets. How will the upcoming FOMC minutes contr...