AUD/USD Under Pressure After Mixed Australian Jobs & Chinese GDP Data
The Australian Dollar remained under pressure on Thursday following a mixed domestic jobs print and shaky Chinese GDP data.
S&P 500 Climbs on Powell's Dovish Tone, China GDP in Focus
The S&P 500 index closed higher after Fed Chair Jerome Powell signaled that the Fed may be patient in tapering stimulus in a testimony. Asia-Pacific markets await Chinese Q2 GDP figures.
Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook
USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data impresses.
Gold Price Pops 1% as Real Yields Tumble to Five-Month Low
Gold bulls propelled XAU/USD price action 1% higher on Wednesday with the precious metals rise mirroring the sharp decline in ten-year real yields to their lowest level since mid-February.
Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?
The Dow Jones has moved within reach of record levels despite weakness in value and industrial stocks that had helped the Industrial Average outperform the Nasdaq 100 during much of the second quar...
Mexican Peso Gains as Powell Cautions Against a Hasty Move, USD/MXN Tumbles
The Mexican peso gains after Fed chairman Powell says the US economy has not progressed enough to start dialing back stimulus and warns against acting prematurely.
AUD/USD to Stage Larger Rebound on Upbeat Australia Employment Report
Fresh data prints coming out of Australia may spark a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.
USD/CAD Gyrates as Bank of Canada Reduces QE, Upgrades Outlook
The Canadian Dollar is interestingly weaker in immediate reaction to the BoC announcement as USD/CAD pivots higher despite the Bank of Canada reducing weekly asset purchases by C$1-billion.
Turkey’s Central Bank Holds Key Rate at 19%, USD/TRY Largely Shrugs Off Decision
The Central Bank of Turkey maintains its benchmark interest rate at 19% for five consecutive months, in line with market consensus.
EUR/GBP Price Forecast - Range Support Broken, Fresh Multi-Month Lows Now on The Cards
EUR/GBP has broken through recent support and the pair now look set to drift lower with the early April low the next target.