AUD/USD slips back to test key near-term levels after early advance falters

AUD/USD trades down by 0.5% to 0.7620 levels currently Invest in yourself. See our forex education hub. Commodity currencies are among the laggards today and the aussie’s decline on the session puts it at the bottom of the pile in the major currencies space. There isn’t much of a clear catalyst with Treasury yields keeping […]

Continue Reading

Dollar on back foot as U.S. yields drop despite strengthening U.S. recovery

© Reuters. A man counts U.S. dollar banknotes at a currency exchange shop in Beirut By Kevin Buckland TOKYO (Reuters) – The dollar stabilised near an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with a retreat in Treasury yields from recent peaks despite signs of a robust U.S. […]

Continue Reading

Cathie Wood Storms Back as ARKK, Space Fund Lure $1 Billion

© Reuters Cathie Wood Storms Back as ARKK, Space Fund Lure $ 1 Billion (Bloomberg) — A pair of Cathie Wood exchange-traded funds added around $ 1 billion in a single day this week in an emphatic display of investor loyalty toward the famed Ark Investment Management founder. The flagship Ark Innovation ETF (NYSE:) took in […]

Continue Reading

AUD/USD falls back towards the head-and-shoulders neckline

AUD/USD back in focus AUD/USD found a bit of breathing room from the neckline of a closely-watched head-and-shoulders pattern yesterday. But today it gave it all back and is now threatening a break lower. Seasonally, April is a good month for AUD/USD, averaging a 1.24% gain over the past 20 years but that didn’t hold […]

Continue Reading

GSX, Vipshop Among Archegos-linked Stocks Bouncing Back Premarket

© Reuters. By Dhirendra Tripathi Investing.com – GSX Techedu (NYSE:), Vipshop  (NYSE:) and Farfetch (NYSE:) were seeing some recovery premarket Tuesday after being bruised last couple of sessions, a sign that forced selling in the Archegos-linked stocks may be over. They were all up 1% to 5% after losing in excess of 6% Monday. GSX […]

Continue Reading

Dollar wobbles after Fed pushes back against rate hike speculation

© Reuters. A U.S. Dollar banknote By Hideyuki Sano and Sagarika Jaisinghani TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023 even as it saw a swift recovery in the world’s largest economy. The […]

Continue Reading

EURUSD rotates back between the 100 and 200 hour moving averages

Break to the upside fails The EURUSD and move lower after the retail sales report. The EURGBP is also pushing back to the downside after earlier gains.  Looking at the hourly chart, the price of the pair broke above a topside trendline in the 200 and 100 hour MAs after waffling up and down for most of Monday’s trade.  […]

Continue Reading

Analysis: Excessive exuberance: Canada home prices boil over as policymakers sit back

4/4 © Reuters. FILE PHOTO: A Royal LePage real estate sign is marked “Sold” in front of a house in Ottawa 2/4 By Julie Gordon and Nichola Saminather OTTAWA (Reuters) – Canada’s red-hot housing market has become a bonfire, spurring comparisons to earlier bubbles and prompting calls for cooling measures. But policymakers are standing back, […]

Continue Reading