USD is looking south this morning, following through on yesterday’s declines as well. Yesterday the minutes of the July 26th FOMC meeting were released, and these showed that policymakers were somewhat wary of the recent softer inflation. Some of the Read More →

Key Points

• The Aussie Dollar remains in a solid uptrend above 87.00 against the Japanese Yen.
• There is a crucial ascending channel pattern with support at 87.00 forming on the hourly chart of AUDJPY.
• Recently in Australia, the Employment Change Read More →

Key Points

• The Aussie Dollar made a nice upside move after trading as low as 0.7808 against the US Dollar.
• There was a break above a bearish trend line at 0.7830 on the hourly chart of AUDUSD.
• Recently in Australia, Read More →

Demand for safe-haven assets such as precious metals has eased as geopolitical tensions between the US and N. Korea have somewhat calmed down. Gold slipped to record its steepest one day drop in nearly 6 weeks. The drop-in price Read More →