Image Source: Pixabay  The Australian dollar fell to a four-month low of 0.6450 against the US dollar on Wednesday, following disappointing GDP data that heightened expectations for potential interest rate cuts by the Reserve Bank of Australia (RBA).The latest GDP figures revealed that Australia’s economy expanded by only 0.3% quarter-over-quarter in Q3, falling short of the […]

Image Source: Pexels  Asian markets declined following South Korea’s political turmoil, triggered by a brief declaration of martial law that unsettled investors. The MSCI Asia Pacific Index fell by 0.3%, while the Kospi Index dropped as much as 2.3%. Japanese shares remained stable, while those in mainland China dipped. The Won appreciated after a decline in […]

Bond yields are primarily driven by macroeconomic factors such as inflation and economic growth. Given their impact on inflation and the economy, the U.S. dollar and oil prices are frequently well correlated with bond yields. Therefore, bond traders often take their cue from the dollar and oil markets.The dollar (blue), as graphed on the right, […]

Asian markets traded lower on Wednesday following a disruptive political crisis in South Korea.President Yoon Suk Yeol’s sudden imposition of emergency martial law, which was later revoked within hours, unsettled global markets and heightened uncertainty in the region.US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path […]

Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis FUNCTION: Bearish Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 3 (started) DETAILS: Orange Wave 2 appears to be completed; orange wave 3 is now active. Wave Cancel Invalidation Level: 0.65280 The AUD/USD daily chart reflects an […]