AUD/USD refreshes three-week low near 0.6200 as US President Trump threatens to impose additional 10% tariffs on China. RBA Hauser supports keeping interest rates steady until he sees more progress in the disinflation trend toward the 2% target. Investors await the US PCE inflation as it will influence the Fed’s monetary policy outlook. The AUD/USD … Read more
West Texas Intermediate (WTI) Oil price falls on Friday, according to FXStreet data. WTI trades at $69.49 per barrel, down from Thursday’s close at $69.99. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.86 after its previous daily close at $73.28. WTI Oil FAQs WTI Oil is a type of Crude … Read more
NZD/USD struggles due to rising concerns over global trade tensions and domestic monetary policy. The ANZ-Roy Morgan Consumer Confidence index rose to 96.6 in February, slightly higher than January’s 96.0. Traders adopt caution ahead of the Personal Consumption Expenditures Price Index, the Fed’s preferred inflation measure. NZD/USD continues its losing streak that began on February … Read more
Short Term Elliott Wave View in FTSE suggests that cycle from 11.13.2024 low is in progress as a 5 waves impulse. Up from there, wave ((i)) ended at 8388.37 and pullback in wave ((ii)) ended at 8002.34. Wave ((iii)) higher subdivided into another 5 waves in lesser degree. Up from wave ((ii)), wave (i) ended … Read more
WTI price is on track for its first monthly decline since November, as concerns over fuel demand outweigh supply risks. The US will impose a 10% tariff on Canadian energy imports starting March 4. Oil prices surged on Thursday after President Trump revoked a license allowing US Oil giant Chevron to operate in Venezuela. West … Read more
The Australian Dollar weakened as Trump reaffirmed his plan to impose an additional 10% tariff on Chinese imports. President Trump introduced new tariffs on Chinese goods on February 4, bringing the total levy to 20%. The US GDP Annualized grew by 2.3% in Q4 2024, matching market expectations. The Australian Dollar (AUD) remains subdued for … Read more