Halo Financial Team
Halo Financial
Watch our currency analysis video, which we update daily, to discover the latest news in the foreign exchange markets.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Editors’ Picks
AUD/USD holds higher ground above 0.6450 on risk-on mood
AUD/USD is holding higher ground above 0.6450 in the Asian session on Tuesday. The pair capitalizes on the extended risk-on flows into Asia from Wall Street overnight. Upbeat Australian Composite PMI also supports the Aussie ahead of US PMI data.
USD/JPY: Japanese Yen bounces off multi-decade low against USD, lacks follow-through
The Japanese Yen draws some support from the possibility of a government intervention. The divergent BoJ-Fed expectations and easing Middle East tensions cap the safe-haven JPY. Traders also seem reluctant ahead of the key US macro data and BoJ meeting later this week.
Gold price extends sell-off to test $2,300, US PMIs awaited
Gold price extends correction early Tuesday as the Middle East's woes abate. The pullback in the price of Gold could be attributed to profit-taking, as mentioned by Jim Wyckoff of Kitco News, alongside the risk-on trades. Focus shifts to key US PMI data.
Ethereum could see a brief rally, Justin Sun suspected of buying heavily
Ethereum's recent price movement hints at a potential rally despite ETH ETPs recording outflows. The recent price improvement follows the fourth Bitcoin halving and a suspected Justin Sun wallet purchasing large numbers of ETH.
After Monday's relief rally, attention shifts to earnings and policy fronts
With the easing of tensions in the Middle East, safe-haven demand reversed course; global stock markets experienced a modicum of relief. Indeed, in a classic relief rally fashion, Monday saw a rebound in the S&P 500, snapping a six-day losing streak.