When is the Australian employment report and how could it affect AUD/USD?

When is the Australian employment report and how could it affect AUD/USD?

AUD/USD bears lick their wound at one week long, taking rounds to 0.6930 by the press time, as traders seek fresh clues amid the market’s indecision after the Fed Minutes and the recent Aussie Wage Price Index for the second quarter (Q2).

AUD/USD News

EUR/USD: Bulls have a bumpy road ahead, 1.0210 guards immediate recovery

EUR/USD: Bulls have a bumpy road ahead, 1.0210 guards immediate recovery

EUR/USD recovery remains sluggish at around 1.0180 as bulls approach the short-term key hurdles during Thursday’s Asian session. Even so, steady RSI and an upward sloping support line from late July challenge the bears. 

EUR/USD News

Gold reverses Fed Minutes inspired gains, $1,735 in focus

Gold reverses Fed Minutes inspired gains, $1,735 in focus

Gold remains pressured around two-week low, down for the fourth consecutive day. Fed Minutes signalled policymakers’ support for restrictive rates despite suggesting a retreat from faster rate hike before long. US data, economic fears added to the market’s favor for the US dollar, weighing on XAU/USD.

Gold News

Shiba Inu on fire, another price rally around the corner?

Shiba Inu on fire, another price rally around the corner?

Shiba Inu yielded nearly 50% to SHIB holders over the past week, outperforming Bitcoin and most other cryptocurrencies. Money services firm BitWallet listed Shiba Inu, boosting the meme coin’s adoption among users. 

Read more

Conflict of interest: What Russia’s war means for US exports

Conflict of interest: What Russia’s war means for US exports

With much of the world shunning Russia, countries have turned to the US for the supply of key commodities. In this short special report we detail how Russia-related supply issues are helping propel export growth and are contributing to the normalization of the US trade balance.

Read more

LATEST NEWS

More Latest News

Subscribe to Premium and chat here with our top experts

CLICK & GET 35% off on the yearly plan

PARTNER BROKERS IN YOUR LOCATION

BROKER PROMOTIONS








DEEPER DIVE

Microsoft: Price target at $230 with near-term risks due to strong US dollar

Microsoft: Price target at $230 with near-term risks due to strong US dollar

As with most stocks, the Wall Street analyst community remains staunchly optimistic with an average price target of $354.25.

Facebook parent price target at $200 despite macro headwinds

Facebook parent price target at $200 despite macro headwinds

We continue our deep dive series with a focus on Facebook parent Meta Platforms. We will focus as ever on traditional DCF cash flow analysis as well as a relative valuation model to forecast a 12-month price target.

Central Bankers' Panel puts Powell, dollar on top, Lagarde, euro lagging, Bailey, pound behind Premium

Central Bankers' Panel puts Powell, dollar on top, Lagarde, euro lagging, Bailey, pound behind

Football fans will have to wait until the winter to see the World Cup – but forex traders have their dream team playing in a panel already now.

FXS Signals

Technical Confluences Detector

Dhwani Mehta

Gold price remains vulnerable ahead of the Fed minutes, having failed to find acceptance above the $1,800 mark on several occasions. Risk-off flows dominate amid recessionary fears amplified by the Chinese activity data, keeping the sentiment around the safe-haven US dollar broadly underpinned.

Gold Price: Key levels to watch

The Technical Confluence Detector shows that the gold price is gathering steam to test the previous day’s low of $1,773, below which the previous week’s low of $1,771 will be targeted.

The next downside cap is placed at $1,767, the pivot point one-day S1. The last line of defense for gold bulls is aligned at the Fibonacci 61.8% one-month at $1,764.

Alternatively, buyers need to find a strong foothold above a dense cluster of resistance levels stacked up around $1,780. At that point, the Fibonacci 23.6% one-day, SMA5 four-hour, pivot point one-week S1 and SMA10 one-hour intersect.

Read Full Report

CRYPTOCURRENCIES

Binance Coin Price Prediction: CZ's Crypto Takeover

Binance Coin Price Prediction: CZ's Crypto Takeover

Binance CEO Changpeng Zhao (CZ) plans to hire 2,000 more Binance employees. 14 million tokens have been locked away and burned this summer. A break above $336 could be the catalyst to induce an additional 40-50% rally.

More Binance Coin news

Dogecoin: A $0.02 DOGE by 2023

Dogecoin: A $0.02 DOGE by 2023

Dogecoin price prediction shows reasons to be concerned. Analysts have been eyeing the notorious dog coin throughout the summer as the DOGE price fell into considerably discounted price territory at $0.050. Invalidation of the downtrend will result from a breach above $0.112.

More Dogecoin News

Shiba Inu on fire, another price rally around the corner?

Shiba Inu on fire, another price rally around the corner?

Shiba Inu, the second-largest meme coin, is closer to its breakout according to analysts. While declining trade volume and inflows to SHIB are typical of a bearish trend reversal, analysts remain bullish on SHIB. Analysts have predicted a recovery in Shiba Inu.

More Shiba Inu news

Is this the end of the road for Avalanche price?

Is this the end of the road for Avalanche price?

Avalanche price grinds to a halt, breaking a two-month trend within an ascending parallel channel. Despite breaking above $30.00, AVAX failed to close the gap to $40.00. Initially, higher support at $28.00 mitigated the bears’ influence on the price.

More Avalanche news

THE STOCK OF THE DAY

AAPL takes a bite out of recruiters

AAPL takes a bite out of recruiters

Apple (AAPL) is never far from the limelight, but a report today from Bloomberg says the company may be slowing progress in the recruiting sphere. This was recently alluded to on its most recent earnings call and should not come as too much of a surprise given the potential for a global economic slowdown. 

ECONOMIC CALENDAR

REAL-TIME RATES

Customize your rates

WEEKLY FORECAST

EUR/USD: Get ready for fresh record inflation and more aggressive tightening Premium

EUR/USD: Get ready for fresh record inflation and more aggressive tightening

Solid US job creation in July temporarily spooked the recession ghost. European data signals a contraction spiral just beginning in the Union. EUR is bearish in the long run, 1.0105 stands in the way to parity.

Read full analysis

GBP/USD: Down but not out? Focus shifts to US inflation, UK GDP Premium

GBP/USD: Down but not out? Focus shifts to US inflation, UK GDP

GBP snapped two straight weekly gains after dovish BOE. UK GDP could confirm a potential recession, US inflation is also crucial. Acceptance above 1.2200 is critical for GBP bulls to sustain recovery.

Read full analysis

Gold: Recovery could end if US CPI data confirms 75 bps Fed hike Premium

Gold: Recovery could end if US CPI data confirms 75 bps Fed hike

Gold closed the third straight week in positive territory. $1,780 aligns as key technical level for XAU/USD. July inflation data from the US could trigger a strong reaction next week.

Read full analysis

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Read full analysis

Week Ahead on Wall Street: Bear market rally or time to buy?

Week Ahead on Wall Street: Bear market rally or time to buy?

The confusion in the investors' minds continues to feed through to the marketplace as the early week rally peters out and Friday sees a turnaround. With the rally reaching around 7% for the S&P 500 (SPY) that is no surprise.

Read full analysis

The Week Ahead: US CPI, UK Q2 GDP, Deliveroo, Aviva and Disney

The Week Ahead: US CPI, UK Q2 GDP, Deliveroo, Aviva and Disney

With US CPI reaching another 40 year high of 9.1% in June, there was some concern that the Federal Reserve might have been tempted to go for a bigger than expected 100bps rate move in July. 

Read full analysis


EDUCATION