Tonight’s FED statement scraps the ‘patient’ stance and turns to action in subsequent meetings. At least two rate cuts are on the table but FED…
1. USD Index hits resistance and RSI sporting a negative divergence on the 4hr chart 2. Trump has ‘constructive’ talks with China Premier…
1. Geopolitical tensions between US/Iran regarding the oil tanker incident in the Straits of Hormuz and hopes for more OPEC output cuts sends WTI…
1. EURUSD hit by Draghi comments about the prospect of further stimulus in order to jolt inflation, EU Bourses surge The EURUSD weakened after…
1. Inflation Expectations still muted but five wave decline nearing completion. China already introduced ‘power’ stimulus but US-China trade war still the major catalyst in…
1. Gold ends the week on a bearish note amidst USD strength, primed for a pullback towards $1320 support 2. Gold stocks rejected…
The Aussie suffered big losses this week amid enduring US economic data, that may see the FED patient in cutting interest rates. If the…
1. US Economic data still enduring – USD pares back losses, Aussie lost the most ground vs the USD US retail sales figures released…
Start of the week and commodities are currently in the red with the exception of Oil, as the USD pares back some of its losses.…