We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when Oil - US Crude traded near 81.43.Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when Oil - US Crude traded near 81.43.
Australia’s balance of trade earlier this morning surprised to the upside but still below the recent average; overall a net positive for the AUD. The day ahead remains focused on US specific factors including more jobs data via jobless claims that are expected to follow the ADP print. Should this occur, US Treasury yields may fall further and benefit the pro-speakers will be scheduled to speak and it will be interesting to see how their outlooks may have changed after recent economic data.
In summary, the day ahead may not be as market moving due to traders being cautious ahead of tomorrow’s NFP’s whereexhibit positive/bullish divergence and could be suggestive of further upside to come. The next key resistance zone will once again come from the medium-term trendline but this bullish move is highly dependent on tomorrow NFP’s.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.