Yesterday’s Market WrapToday’s Market ExpectationsToday started with the main event for the day, which is the consumer inflation report from Australia
Yesterday’s Market Wrap
Today’s Market Expectations
Today started with the main event for the day, which is the consumer inflation report from Australia. The headline CPI (consumer price index) slowed down further toward 6%, which is another eeason for the AUD to remain weak. The German GfK Consumer Climate indicator saw little change this month, while later in the US session we have the durable goods orders. Headline orders are expected to turn positive and show a 0.7%n in March, but core orders are expected to remain negative at -0.2%.
Last week the USD started strong on the first day, while this week the Buck ended up lower on the first day. The sentiment was slightly positive and most risk assets pushed higher, which caught us on the wrong side with two losing signals, while four more signals remained open.
GOLD Made A U-Turn Yesterday
XAU/USD – 60 minute chart
Booking Profit in USD/JPY Yesterday
US Crude Oil – 240 minute chart
Cryptocurrency Update
Is BITCOIN Starting the Reversal?
BTC/USD – Daily chart
ETHEREUM Holding Above $1,800
ETH/USD – 240 minute chart
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