AUD/USD: China, Fedspeak probe bulls near 0.7100, Aussie inflation expectations eyed

AUD/USD: China, Fedspeak probe bulls near 0.7100, Aussie inflation expectations eyed

AUD/USD treads water around 0.7080, after rallying to the fresh two-month high, as the recent Fedspeak and headlines surrounding the China tariffs seemed to have poked the bulls. The Aussie pair traders remain cautious ahead of the monthly Consumer Inflation Expectations from Australia.

AUD/USD News

EUR/USD defends US inflation-inspired gains near 1.0300 at one-month high

EUR/USD defends US inflation-inspired gains near 1.0300 at one-month high

EUR/USD flirts with the 1.0300 threshold, after posting the biggest daily gains to refresh five-week high, as traders reassess the risk profile during early Thursday morning in Europe. The reduction in the US inflation numbers propelled hopes that Fed could ease on its rate hike trajectory.

EUR/USD News

Gold extends recovery towards $1,800 as hawkish Fed bets trim

Gold extends recovery towards $1,800 as hawkish Fed bets trim

Gold price has picked bids below $1,790.00 and is extending its recovery above the immediate hurdle of $1,792.00 amid a broader risk-on in the global market. The precious metal is expected to continue its upside run-up after a healthy correction to near $1,808.00.

Gold News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How to trap a hungry bear

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How to trap a hungry bear

Crypto markets moves higher. Placing a countertrend short is still ill-advised. Higher targets remain possible for all assets. BTC tests the lower half of an ascending channel for the third time. ETH continues displaying bearish divergence but underline market strength remains. XRP in a make-or-break situation.

Read more

Inflation decline drives risk-on sentiment

Inflation decline drives risk-on sentiment

The US has spent the day celebrating their declining inflation reading, but rising gas prices in Europe highlight how we are likely to continue seeing upside for prices closer to home. The recent decline in energy prices had hinted towards a potential easing of CPI inflation yesterday.

Read more

LATEST NEWS

More Latest News

Limited time offer

Get 50% off on Premium

countdown

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 is snapping its two-day uptrend to monthly highs of $1,800, as investors resort to repositioning ahead of the highly-influential US inflation release. Markets are reluctant to place large bets heading into the CPI showdown, as the data will be scrutinized closely for fresh insights on how steeply the Fed will raise rates in the coming months. The non-interest-bearing gold braces for huge volatility on the data release, especially after being sold off into the bumper US Nonfarm Payrolls last week.

Gold Price: Key levels to watch

The Technical Confluence Detector shows that the gold price eyes immediate cushion around $1,785, the convergence of the Fibonacci 23.6% one-week, SMA50 one-day and the pivot point one-day S1.

Read Full Report

CRYPTOCURRENCIES

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How to trap a hungry bear

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How to trap a hungry bear

The crypto market moves higher. Placing a countertrend short is still ill-advised. Higher targets remain possible for all assets. Bitcoin price tests the lower half of an ascending channel for the third time. Ethereum price continues displaying bearish divergence but underline market strength remains. Ripple price in a make-or-break situation.

More Cryptocurrencies News

How to prepare for a ballistic XRP price move

How to prepare for a ballistic XRP price move

XRP flips bullish after tagging its primary support at $0.3600. The buyer congestion in this zone disrupted a potential drop to $0.3179. A glance at the technical outlook reveals that XRP price may close the day above $0.3800, with $0.4200 coming within reach.

More Ripple News

This MATIC price prediction is so far the best trade of 2022

This MATIC price prediction is so far the best trade of 2022

MATIC recent upswing is one of the best forecasted trade setups made this year. Here’s a full recap of what just took place. Polygon rallied 125% since July 1; FXStreet analysts were able to find an entry capturing 68% of the rally for an 85% increase in profit.

More Polygon News

Shiba Inu price ready to explode after Ethereum whale scoops up 312 billion SHIB

Shiba Inu price ready to explode after Ethereum whale scoops up 312 billion SHIB

Shiba Inu leaves competitor Dogecoin and layer-1 altcoins behind as it prepares to explode. Large wallet investors on the Ethereum network scooped up Shiba Inu, accumulating over 312 billion SHIB tokens. 

More Shiba Inu News

THE STOCK OF THE DAY

TSLA stock advances in Wednesday's premarket despite Musk's $7 billion sale

TSLA stock advances in Wednesday's premarket despite Musk's $7 billion sale

Elon Musk's sale of $6.9 billion in Tesla (TSLA) stock in preparation of a court forcing him to complete his buyout of Twitter (TWTR) does not seem to be hurting the stock price all that much. In fact, TSLA shares have advanced 2.9% to $874.41 in Wednesday's premarket, more than compensating for Tuesday's 2.4% sell-off to $850.

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

LIVE VIDEO

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Premium US Session Open Ed Ponsi, CTA Event Details
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Premium US Session Open Ed Ponsi, CTA Event Details
Be Premium Now