EURAUD Faces Critical Test as Bears Stage a Comeback
EURAUD’s recent drop cancels out gains, bears stage a comeback, setting the stage for a potential sell-off. Key levels closely monitored.
Delayed FX: ECB fix Nov 6 · Futures: 03:25 IST
About the analyst
Lead Strategist and Market Analyst at Edge-Forex
Vinit Makol is a forex trader, strategist and market analyst with more than 20 years of experience in forex and financial markets.
As lead strategist and analyst at Edge-Forex, he writes about currencies, central-bank policy, macroeconomics, commodities, trading strategy and the geopolitical events that affect global markets.
His work is informed by practical trading experience and supported by market data, economic releases, official documents and other relevant sources.
EURAUD’s recent drop cancels out gains, bears stage a comeback, setting the stage for a potential sell-off. Key levels closely monitored.
Uncertainty surrounds the gold price outlook as markets eagerly await CPI data and the Federal Reserve’s policy decision.
Discover the art of swing trading: proven strategies, reduced stress, and potential for higher returns in this comprehensive guide.
AUD/USD bulls rally as they set their sights on reaching the crucial 0.6800 level, fueled by the PBoC rate cut, a blend of economic data, and eager anticipation of US inflation figures.
Explore the ongoing slide in oil prices, driven by recession concerns, Saudi production cuts, and US bond sales.
Discover how high interest rates can effectively combat high inflation and the complex dynamics at play in the economy.
The European Central Bank (ECB) shows unwavering determination as it forges ahead with interest rate hikes, even amidst a challenging Eurozone recession. Discover how the ECB’s steadfast approach bolsters the economic outlook and shapes the region’s financial landscape.
Inflation in Switzerland has eased, limiting the need for further rate hikes. Instead, a fall in inflation may increase tolerance for Franc depreciation, offering upside potential for EUR/CHF.
Gain insights into the evolving factors influencing AUD/USD, including monetary policy, market sentiment, and commodity prices, for informed trading decisions.
Odds of a US hard landing rise as the Federal Reserve persists with rate hikes, warns finance expert Cam Harvey.
Explore the challenges and uncertainties surrounding the Turkish Lira as the country’s new finance minister takes charge.
Cryptocurrencies face renewed pressure as interest rate hikes and SEC lawsuit disrupt the market, impacting Bitcoin and Ethereum’s performance.
The Australian Dollar rises on the RBA’s rate hike, awaiting the Fed’s response. Explore the AUD/USD outlook and FOMC meeting implications.
Discover the UK’s rising inflation rate and the challenges it presents, as policymakers strive to maintain economic stability amidst growing concerns.
Explore the challenges faced by EUR/USD as it falters below 1.0800. Gain insights into technical analysis, employment data, and market sentiment.
Gold prices surged on Thursday as the US Dollar weakened, driven by a rise in jobless claims. Technical analysis indicates a potential bullish trend for XAU/USD.
Mastering the Breakout Trading and Retracement Strategy: A Comprehensive Guide unveils the power of breakout trading, providing techniques to identify key levels, use indicators, manage risk, and maximize profits.
The Bank of Canada’s unexpected interest rate hike sends shockwaves through the market, impacting the USD/CAD pair, as concerns about inflation persist. Read the latest analysis and implications.
Amidst mixed Wall Street trading, the US Dollar exhibits stability as investors await key data releases and central bank announcements. Market sentiment remains cautious.
EUR/USD and GBP/USD recover as US Dollar weakens, cautious sentiment persists. Technicals and economic events influence forex market.
Newsletter
Forex, macroeconomic and commodity analysis from Edge-Forex, with clear explanations of what moved markets and why it matters.
Delivered every weekday before the New York open.