Tag - aud - australian dollar

If you've followed my analyses closely for a while now you'll already understand why I always look to the price action on the DXY (US Dollar) chart for clarity on how to approach trading the major pairs. Looking at the chart above, we see clearly the descending wedge leading price off right into the PIVOT demand zone

The US Dollar has been remarkably sluggish for the past few weeks despite being within a distinct Demand zone. My expectation of a springing rebound off the demand zone has not exactly played out yet, however, the zone remains unbroken.

The central banks' meetings will highlight the week as well as the PPI release

As I earlier indicated in my article this week, I am expecting an upward push from the Dollar as a reaction from the Demand zone I have marked out. The PPI release earlier moved prices a bit but lacked sufficient momentum to cause a significant break of structure - and thus, no change of trend.

"When I spoke at the Anika Foundation event last year, CPI inflation in Australia had been below 2 percent for a number of years and, in underlying terms, was just 1…

A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.

Gold still has space to fall, and the euro is trying to price the ECB rate hike. Inflation readings, Elon Musk problems, earning reports, and the overall market outlook for forex await you in this video.

The selloff of the stock market continues, bearish rumors for gold, levels for USD ahead of NFP, a preview of the rate statement by the Reserve Bank of Australia, and our trade results of June…

Russian-Ukrainian conflict is influencing every economic aspect…

US NFP missed the forecast, but traders await the release of the US inflation figures on Friday…

Australia will release employment change and an unemployment rate on Thursday, November 11, at 02:30 MT (GMT+2).

Read the article to get the latest news and fresh trade ideas!