AUD/USD Outlook: Aussie Growth Stagnates, Currency Resilient Amid Weaker US Data
Aussie growth stalls in Q1, growing just 0.1% as household spending falters. AUD/USD holds steady for now, with key support and resistance levels identified ahead of NFP
US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to Watch
US dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop
Bitcoin (BTC), Ethereum (ETH) – Technical Outlooks
Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at an all-time high.
Commodity Update: Gold, Silver and Oil Decline Ahead of US Jobs Data
A weaker US dollar has struggled to propel commodity prices higher as gold and silver head lower. Oil markets sink on news of supply returning later this year
USD/JPY Below 156.00 on US Dollar Weakness, US Jobs Data Remains Key
The US dollar fell Monday after data showed ongoing weakness in the US manufacturing sector, pushing USD/JPY to a two week low.
Euro Outlook Ahead of the ECB Rate Decision – EUR/USD, EUR/CHF Setups
Euro in focus ahead of the highly likely ECB rate cut. Euro positioning has improved in recent weeks and softer US data could improve the outlook for the single currency
US Dollar Index Slips As US Manufacturing Contracts Again, Gold Nudges Higher
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
GBP/USD Testing 1.2700 as USD Picks Up a Bid, UK Manufacturing Expands in May
Cable is struggling to move higher despite positive UK manufacturing data. The dollar remains better bid and this is driving GBP/USD lower.
OPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering
Oil attempts to find support after OPEC+ extended output cuts into 2025. Oil prices attempt to make a recovery after multiple days of losses
Markets Week Ahead: ECB Rate Decision, US NFPs – USD, Gold, Euro, Nasdaq
The ECB is fully expected to start cutting interest rates on Thursday while the monthly US NFPs follow the next day.