US Dollar Forecast: All Eyes on Washington DC Amid Tax Cut Debate The US Dollar is likely to find its fortunes linked to the prospects of passing tax cut legislation that markets think might lead to a steeper Fed rate hike cycle in 2018. British Pound Forecast: Short-Term Weakness May Offer Long-Term Opportunity The post-Bank of England sell-off in Sterling has pushed it back towards support levels and may offer bullish traders ...
AUDUSD: Retail trader data shows 51.7% of traders are net-long with the ratio of traders long to short at 1.07 to 1. In fact, traders have remained net-long since Oct 24 when AUDUSD traded near 0.77751; price has moved 0.7% lower since then. The number of traders net-long is 8.2% lower than yesterday and 6.6% lower from last week, while the number of traders net-short is 2.2% lower than yesterday and 6.8% lower from last week. ...
AUDUSD: Retail trader data shows 53.7% of traders are net-long with the ratio of traders long to short at 1.16 to 1. The number of traders net-long is 4.7% lower than yesterday and 4.7% lower from last week, while the number of traders net-short is 12.0% lower than yesterday and 13.0% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDUSD prices may continue to fall. ...
Inflation in Australia was up 0.6 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Wednesday. more...
The unemployment rate in Australia was a seasonally adjusted 5.5 percent in September, the Australian Bureau of Statistics said on Thursday. more...
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