Aussie bounces back today on upbeat China sentiment – ForexLive
AUD/USD daily chart Yesterday, the pair was technically rejected from its June/July 2023 highs near 0.6900, but is expected to bounce back and move higher today following a strong message from the Chinese Communist Party Politburo in support of measures implemented this week to strengthen the Chinese economy. As a result, Chinese stocks have risen […]
Gold News: Bullish Sentiment as Fed Cuts and Middle East Tensions Lift Prices – FX Empire
Technically speaking, traders should not complicate this trade. Simply put, “the trend is on your side.” If traders are buying at the lows, keep an eye on support. The first minor support level is at $2593.52, followed by the swing bottom at $2546.86 and the previous top at $2531.77. Major support is at the 50-day […]
Democrat ‘Joy’ Boosts Consumer Sentiment Despite Everyone Else Feeling Worse
Most Americans had a somewhat bleak view of the U.S. economy in September, but consumer sentiment was lifted slightly by strong Democratic support. The University of Michigan's preliminary consumer confidence index for September rose to 69, the highest reading since May and up 1.6 percent from the previous month. However, the increase in consumer sentiment […]
Australian Dollar maintains position ahead of Michigan Consumer Sentiment Index – FXStreet
The AUD/USD pair is rising as US data strengthens the likelihood of an aggressive Fed rate cut next week. The U.S. producer price index rose more than expected due to rising services costs. The Fed is expected to cut interest rates by 25 basis points at its September meeting. AUD/USD rose for a third consecutive […]
Australian Dollar appreciates as US Dollar pares gains due to improved risk sentiment – FXStreet
AUD/USD recovers intraday losses following the release of China trade balance data. China's trade balance rose to RMB649.34 billion in August from RMB601.9 billion the previous month. The US dollar received support after recent employment data reduced the likelihood of an aggressive Fed rate cut in September. The AUD/USD pair rose after China’s trade balance […]
AUD/USD holds below 0.6800 amid risk-off sentiment, eyes on Australian CPI data – FXStreet
AUD/USD fell to around 0.6790 in early Asian trading on Wednesday. Rising geopolitical tensions could weigh on the pair, while expectations of a Fed rate cut could limit any declines. Investors will be closely watching Australia's monthly Consumer Price Index (CPI) report on Wednesday. In early Asian trading on Wednesday, the AUD/USD pair is trading […]
Revived Democrat Hope Boosts Consumer Sentiment
Americans still think the economy is pretty bad, but revived hopes for a Democratic election boosted consumer expectations in August. The University of Michigan Consumer Sentiment Index was roughly flat for the fourth straight month. Compared to a year ago, consumer sentiment is slightly weaker than it was a year ago. But beneath that surface […]
Equities Rally as Economic Data Boost Sentiment: Markets Wrap – Yahoo Finance
(Bloomberg) — Japanese and Chinese stocks followed Wall Street’s gains as investors cheered a string of upbeat economic data from the world’s three largest economies. Most read articles on Bloomberg Japan’s Topix index and China’s CSI 300 index rose along with European and U.S. stock futures, with U.S. stocks extending Wednesday’s gains. The moves signaled […]
Consumer Sentiment Unexpectedly Sinks To 8 Month Low
The Biden campaign had hoped that a recent drop in inflation might lift voters’ views of the economy, but those hopes took a hit on Friday after the University of Michigan said its gauge of consumer sentiment fell to its lowest level in eight months in early July. Preliminary results from the University of Michigan […]
Gold Price Forecast: Bearish Sentiment Grows Amid Failed Breakout – FX Empire
A drop below 2,307 would be a bearish weekly and daily signal. The drop of 2,307 this week was Price Level It makes some sense. It is the low of the week, so a break below it would indicate a continuation of the bear market on the weekly timeframe. Patterns on higher timeframes tend to […]