AUD/USD Supported Ahead of US CPI inflation
After Monday’s decline, the pair finds support today and awaits the US CPI inflation update and the latest policy decision by the Fed for the next leg of the move
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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After Monday’s decline, the pair finds support today and awaits the US CPI inflation update and the latest policy decision by the Fed for the next leg of the move
XAU/USD makes a cautious start to the week, as markets gear up for the US CPI inflation update and the latest interest rate decision by the Federal Reserve
The pair has been consolidating its gains recently, as markets brace for a data - heavy week, which includes CPI inflation from the US and the UK, as well as the interest rate decisions by the Fed and the ECB
During the week of December 5-9, Disney launched a new streaming subscription plan that includes advertisements, the US FTC sued to block Microsoft acquisition of Activision, Uber launched a robo-taxi service and more
Watch today’s US Open for insights into Wall Street’s effort to stop the five-day slide, the 2022 lows of USOIL, the latest policy decision by the Bank of Canada and more
The broader US index is having a bad week as market seem to be nervous around the global economy, despite the fact that China has been relaxing its zero-Covid policy
The pair made a strong start to the week, reacting from the recent four-month lows, but has been consolidating its gain over the last few days
The German index is on the back foot this week, but the formation of a Golden Cross on the daily chart, shows potential for further advance
ETH/USD loses ground after two profitable weeks and is in a tough spot, following its failure to surpass key technical levels
The commodity is in a tough spot again this week, despite an easing of the strict Covid-19 rules, as today’s trade data from the world’s biggest importer of oil disappoint
The pair is on the back foot this week, as markets digest recent strong US economic data and contemplate the rate path of the Fed and the ECB
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