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AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST (JUNE 14-19): NEUTRAL
The AUD/USD pair extended its daily slide in the second half of the day on Friday and touched a weekly low of 0.7689. As of writing, the pair was losing 0.75% on a daily basis at 0.7694.
Hawkish Monetary Policies: Final Impetus for USD to Rebound
The U.S. Core Consumer Price Index (CPI) in May released last Thursday rose from 3% in April to 3.8% from a year earlier, exceeding 3.4% based on the market expectation. This reveals that the escalating inflation in America is faster than expected.
GOLD TECHNICAL ANALYSIS
Gold started its bullish run at the beginning of April and extended it to May, reaching the yearly high of $1916 per ounce. With the bullish market in play, a deep pullback is imminent on Gold as the price couldn't go beyond $1910 after several attempts.
Negative Federal Reserve: Connive at Wild Inflation
the uptrend of CPI and broader inflation are inevitable because of the continuous growth of oil prices recently. The escalating inflation should have fueled the increase of bond yields whereas the U.S. 10-year government bond yields have dropped recently, which is bewildering. The phenomenon is believed to be associated with the anxiety of the financial market over inflation.
Using an EA in forex trading
Forex Trading is not always smooth as many people might think. Sometimes there are disappointments. Once the emotional part takes charge of the trading decisions, a trader is bound to make irrational decisions that could result in losses. To avoid such occurrences, a trader can employ the services of EA (Expert Advisor).