SurewinFX
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Judo Bank Australian Composite PMI accelerates to its highest rate in two years at 53.6
Australia's Judo Bank Purchasing Managers Index (PMI) Composite rose to a 24-month high of 53.6 in April compared to the previous month's 53.3. The Australian private sector ticked up into an accelerated pace of growth in the second quarter bolstered primarily by Services sector growth. Key highligh
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Has most of the downside been priced in? [video]
Tension in the Middle East has eased, which has definitely contributed to some of the latest recovery in risk assets. Currencies have been better bid against the US Dollar and US equity futures are trying to turn back to the topside. Share: Analysis feed
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Asia open: Billowing clouds of apprehension
Markets Thursday marked the fifth consecutive session of decline for US stocks as optimism regarding multiple interest rate cuts by the Federal Reserve waned. The downturn in sentiment can be attributed to robust economic data releases, prompting traders to adjust their expectations for multiple rat
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Australia unemployment rate expected to rise back to 3.9% in March as February boost fades
The Australian Unemployment Rate is expected to have ticked higher in March. Employment Change is foreseen losing momentum after the outstanding February figure. AUD/USD corrective advance may provide bears the chance to sell at higher levels. Australia will publish its monthly employment report fir
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U.S. Crude Oil Inventories Extend Recent Surge
Extending the surge seen over the past few weeks, crude oil inventories in the U.S. once again increased more than expected in the week ended April 12th, according to a report released by the Energy Information Administration on Wednesday. The report said crude oil inventories jumped by 2.7 million
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FX option expiries for Apr 17 NY cut
FX option expiries for Apr 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0550 445m 1.0605 630m 1.0630 1.3b 1.0635 455m 1.0650 483m 1.0700 2.1b - GBP/USD: GBP amounts 1.2500 938m - USD/JPY: USD amounts 153.00 936m 153.50 722m - USD/CHF: USD amounts 0.9100 1.2b
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WTI holds below $84.50 as hawkish Fed remarks offset geopolitical risks
WTI drifts lower to $84.25 on the hawkish Fed remarks on Wednesday. The possibility that the Fed will delay the interest rate cut weighs on the black gold. The Middle East geopolitical tension and higher China's crude oil imports boost WTI prices. Western Texas Intermediate (WTI), the US crude oil b
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EUR/USD Daily Chart Analysis For Week of April 12, 2024
#EUR/USD# Technical Analysis and Outlook: The Eurodollar has completed an Inner Currency Dip of 1.065. This momentum is expected to generate further selling pressure, resulting in a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inne
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Pull-up Update
