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Markets Markets initially followed a similar scenario yesterday. Even as there was little in the way of hard economic news, US and EMU yields tried a next step north. However, this time the move had less momentum. Remarkably, US yields were the first to run into resistance and currently ease between 1 bp (2-y) and […]

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19/08/2024

AUD/USD Outlook: Continues to Trend Higher Ahead of FOMC Minutes, Powell’s Speech in Jackson Hole

AUDUSD rose to the highest levels in almost one month on Monday, in extension of almost 0.9% daily advance on Friday and 1.5% gains last week The pair enters the third consecutive week of strong gains, with the latest acceleration being boosted by revived risk appetite and hopes of September Fed rate cut (with renewed […]
29/08/2024

AUDUSD Unlocks New 8-Month High Above 0.6800

AUDUSD increases 7% in August 20- and 50-day SMAs post bullish cross Stochastic in overbought region RSI still beneath 70 area AUDUSD hit a new eight-month high above the 0.6800 round number, breaking the long-term descending trend line to the upside. Following the bearish spike on August 5, the pair gained over 7%. Technically, the 20- and 50-day […]
18/06/2024

Nasdaq 100 Index Reaches 20,000 Points for the First Time

On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1. Following this, the price declined and tested the former resistance at 18,250 (indicated by arrow #2) – the long lower shadow on the […]