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
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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
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 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
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
Watch today’s US Open for commentary on the latest data from the US, the pandemic situation in China and the RBA rate hike to the highest levels in ten years
The pair finds support after its poor start to the week, as the RBA kept the door open to more rate increases, while markets continue to assess the Fed’s path and monitor the pandemic news form China
The past month was the best since April 2021, as the metal was boosted by hopes of easier Covid-19 policies in China and prospects of a less aggressive Fed
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