by SignalsFactory Staff | Apr 18, 2023 | Uncategorized
USD/CAD meets with some supply on Tuesday and snaps a two-day winning streak. A positive risk tone undermines the safe-haven USD and exerts pressure on the pair. The mostly inline Canadian inflation figures fail to provide any meaningful impetus. The USD/CAD pair...
by SignalsFactory Staff | Apr 17, 2023 | Uncategorized
Minimal US economic data this week gives Australian data greater scope. RBA meeting minutes and Chinese GDP to drive AUD volatility tomorrow. AUD/USD death cross could lead to yet another 0.67 break. AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is yet...
by SignalsFactory Staff | Apr 14, 2023 | Uncategorized
Ethereum breaks through multi-month resistance. Shanghai upgrade passes without incident. Ethereum is rallying hard and is back at levels last seen in September last year. The 2nd largest crypto by market cap broke sharply higher mid-week after the successful...
by SignalsFactory Staff | Apr 13, 2023 | Uncategorized
OPEC’s monthly report for March points to concerns over tight monetary policy in the US in as much as it could affect the ‘driving season’ WTI technical considerations and levels of interest IG client sentiment reveals a mixed outlook as sentiment shifts to net short...
by SignalsFactory Staff | Apr 12, 2023 | Uncategorized
Gold price climbs to a fresh weekly high on Wednesday, though lacks follow-through. A softer US Dollar lends some support to the XAU/USD amid looming recession risks. The upside remains capped as traders await the US CPI report and the FOMC minutes. Gold price scales...
by SignalsFactory Staff | Apr 7, 2023 | Uncategorized
Australian Dollar falls as US jobless claims data briefly jitters markets All eyes now turn to US NFPs as cracks slowly emerge in the economy AUD/USD eyes an Ascending Triangle chart formation, support in focus Asia-Pacific Market Briefing – US Economy Showing Early...
