The Aussie is currently straddling the midpoint of its range for the year at .7743 while the Kiwi is trading just below its same mid-point at .7232.
IndustryWith gains capped by a weak Polar Vortex and strong LNG demand expected to underpin prices, look for a rangebound trade over the near-term.
IndustryU.S. Yields retrace
IndustryTrader reaction to 1.2187 will set the tone into the close.
IndustryUSD/CAD faced resistance near 1.2750 and pulled back.
IndustrySilver markets have used the 50 day EMA as support over the last couple of days, and the candlestick on Wednesday certainly shows more support as well.
IndustryNatural gas has seen significant support over the last couple weeks, but over the last two days we have seen a decidedly negative turn near the $2.80 level.
IndustrySilver failed to settle above the 20 EMA at $25.75 and pulled back.
Industry6 things to consider when choosing a forex broker
NewsMeanwhile, Inflation Rate and Core Inflation Rate reports show that inflation remains under control.
IndustryThe API reported late Tuesday a draw in crude oil inventories of 5.821 million barrels for the week ending January 8.
IndustryAUD/USD is trying to settle above the nearest resistance level at 0.7760.
IndustryExpectations are for a 131 Bcf draw
IndustrySilver markets have gone back and forth on Tuesday as we continue to see the market trying to overcome the recent selling pressure.
IndustryThe US dollar has gone back and forth on Tuesday, as we are levitating near a relatively high level in relation to the last few weeks.
IndustryDaily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
NewsGBP/USD settled above 1.3500 and is testing the resistance at 1.3540.
IndustryThe US stock market in 2001 experienced a tech-stock bubble burst, while in 2009 rebounded sharply from the downturn since the financial crisis. Similar cases happened in commodity markets. Oil prices reversed the rally in 2001 and wiped out earlier losses in 2009. Gold prices staged a rebound in 1977, saw the 20-year bear market turning bullish in 2001, and turned around the previous setback in 2017.
NewsDaily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
NewsAUD/USD managed to get below the support at 0.7740 and is trying to settle below the next support level at 0.7700.
Industry
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