Market News & Blog
The tide may have turned for the AUDUSD.
Euro extends rally as sentiment improves
A bank of England surprise, a weaker dollar and the Saudis saying they might extend production cuts made for an interesting night.
77 cents is still the graveyard of Aussie dollar bulls.
CHART: The pound rallied above 1.2350 after the Bank of England signaled a rate rise isn't such a stretch
1.2440 is the big overhead resistance.
Forex the main games again.
US Dollar under pressure; Aussie $ stable despite weaker than expected jobs data
A measured Fed delivered a perfectly pitched rate rise.
Traders read the Fed as more dovish than they expected which hammered the US dollar and drove the Euro, Yen, and Aussie - among others - higher.
CHART: US dollar weakness across #forex markets has left the SIngapore dollar at the edge of a break higher
Sitting on a significant support zone.