FX

In its latest report, Goldman Sachs cites expected weakness of iron ore, Australia’s key export, to weigh on AUD/USD prices in the next 12 months.”In addition to potentially lower front-end pricing, weaker iron ore prices may weigh on AUD/USD. Despite their recent surge, our commodity strategists expect that iron prices will fall over the next […]

The economic growth in the US may be faster than what the FOMC policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday, as reported by Reuters. Additional takeaways “Unemployment rate by year’s end may be below the current Fed median projection of 4.5%.” “Still seeing a small risk of persistent inflation outbreak despite increases

The Australian government has suspended its plans to fast track tax cuts for the wealthy, as the post-pandemic recovery is faster-than-expected, an Australian daily reported, citing unidentified sources. Additional takeaways “The government has ruled out including tax cuts for high-income earners in next week’s federal budget.” “It will instead extend tax cuts for low and

USD/CHF bears about to jump in as price tests resistance. Bears looking for downside extension from daily resistance.  USD/CHF is testing the bear’s commitments in Asia with prospects of a downside continuation of failures by the bulls to break the grip of the bears.  The chart is showing a dominant downtrend, so the tred is your friend