Page 24 - Daniel Mccarthy News Today

The Australian Dollar pierced below support levels last week as the US Dollar leapt higher on rising Treasury yields with possible official selling of US debt. Will AUD/USD turn around?

The gold price dipped to fresh lows overnight as markets consider the consequences of a rising US Dollar and Treasury yields as the outlook for China faces scrutiny. Lower XAU/USD?

The Euro succumbed to US Dollar ascendency along with many other currency pairs and the dynamics coming out of China might have more legs yet. Will EUR/USD continue lower?

Crude oil prices broke lower yesterday and has underperformed today as developments out of China has risk assets on the backfoot amidst US Dollar reclaiming the upper hand. Lower WTI?

The New Zealand Dollar jumped immediately after the RBNZ announced that they left rates unchanged 5.50% for the second meeting in a row. Will NZD/USD break back up and into the range?

Notable quotables from Hillary Clinton, Joe Biden, Rich Lowry, and more.

THE FOUNDATION "Facts are stubborn things; and whatever may be our wishes, our inclination, or the dictates of our passions, they cannot alter the state of facts and evidence." —John Adams (1770) Fellow Patriots, on this day in 1977, Elvis Presley, "King of Rock and Roll," died at Graceland in...

To the Editor:

The Australian Dollar initially dipped lower before rallying as the US Dollar paused in its recent run-up while Chinese data showed a fragile economy needing stimulus. Higher AUD/USD?

The gold price slide continues today as markets assess the consequences of a rising US Dollar and Treasury yields. China’s outlook is under the microscope and could impact XAU/USD.