Trader’s Action Plan – Market Outlook Global markets are very sensitive today because of US inflation data and what the central banks might do. The Federal Reserve is being careful about inflation. This is helping the US Dollar. The Dollar Index is strong because of this. Today traders will focus
Australian stock markets began their trading session with steep declines on Monday morning. However, there was a a recovery in losses during midday trading as well. Benchmark index S&P/ASX 200 was down below the 8,700 mark, indicating low investor confidence. There was strong selling pressure noted on financial and technology
US Nonfarm Payrolls expected to increase by 62K in April as investors closely watch the upcoming labor market report for signals on the Federal Reserve next policy move. The report expected to be released by the US Bureau of Labor Statistics on Friday is scheduled to show slower job growth
West Texas average (WTI) the US benchmark for Crude Oil traded within a narrow range during Thursday Asian session pausing the previous session recovery from levels below $87.00 which marked a more than two week low. The commodity is currently hovering around the mid-$92.00 area down nearly 0.65% on the
Gold holds firm above the $4,650 mark and stays close to a more than one-week high during the European session on Wednesday. The valuable metal continues to benefit from wide US Dollar weakness as hopes for a viable peace agreement between the US and Iran improves market sentiment. The softer
AUD/JPY regains just holding near 112.50 after the Reserve Bank of Australia (RBA) high its official cash rate to 4.35%. The pair trades around 112.65 in early European hours on Tuesday with the Australian Dollar gaining modest support from the rate decision. Traders now look ahead to Governor Michele Bullock