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AUD/USD Falls Alongside Iron Ore and bitcoin as China Ramps Up Lockdown Measures

The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US CPI data.

Guangzhou , Guangdong , China , Georgia , United-states , Australia , Philippines , Japan , Thailand , Australian , Chinese , Thomas-westwater

Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout

Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back online, but WTI’s chart shows a breakout chance.

Guangzhou , Guangdong , China , Chongqing , United-states , Port-arthur , Texas , Chinese , Thomas-westwater , Oil-technical-outlook , Us-energy-information-administration , Motiva-enterprises

USD/CNH Upside Eases Ahead of Chinese Economic Data: Asia-Pacific Outlook

The Chinese Yuan is in focus ahead of Chinese inflation data due today. US stocks closed higher after traders brushed off volatility in the cryptocurrency market. Copper resumed a technical breakout.

Australia , Japan , New-zealand , Singapore , Brazil , China , Florida , United-states , Indonesia , Australian , Chinese , Thomas-westwater

Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears

Gold and silver prices are at key technical levels after rallying in the first half of the week as a US Dollar pullback improved conditions for the metals. The US consumer price index (CPI) may threaten the rally.

Loretta-mester , Thomas-westwater , Esther-george , Federal-reserve-bank , Technical-outlook , Triple-bottom , Federal-reserve , Reserve-bank , Cleveland-president-loretta-mester , Kansas-city-fed-president-esther-george , Versus-non-commercial , Simple-moving-average

Copper Prices May Resume Triangle Breakout as Speculators Ease Short Bets

Copper prices are slightly lower in Asia-Pacific trading, but last week’s triangle breakout may resume as speculators trim short bets. China poses the biggest question mark for the red metal.

China , Germany , Zhengzhou , Henan , German , Thomas-westwater , Federal-reserve , Technical-outlook , Simple-moving-average , Relative-strength-index ,

Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for APAC traders.

China , Australia , Indonesia , India , Chinese , Australian , Thomas-westwater , Reuters , Australian-dollar , China-trade-balance , Technical-outlook , Hong-kong

Japanese Yen Technical Outlook: USD/JPY, CHF/JPY, AUD/JPY Charts to Watch

The Japanese Yen is trading at or near notable technical levels against the US Dollar, Swiss Franc and Australian Dollar. Here are the charts to watch for USD/JPY, CHF/JPY and AUD/JPY.

Japan , Japanese , Thomas-westwater , Japanese-yen-technical-outlook , Descending-triangle , Exponential-moving-average , Simple-moving-average , Relative-strength-index , Linear-regression-channel ,

AUD/USD Aims Lower on Rising Recession Bets as US Dollar, Yields Rise

The risk-sensitive Australian Dollar fell nearly 1% against the US Dollar as recession bets rose overnight. Asia-Pacific traders may trade cautiously ahead of tomorrow’s US jobs report.

China , Norway , Australia , Philippines , Canada , United-kingdom , Australian , Norwegian , Canadian , British , Thomas-westwater , Andrew-baily

Chinese Yuan Outlook: USD/CNH Test PBOC's Patience as US Dollar Rises Post-FOMC

The Chinese Yuan is trading at its lowest level since January 2008 after the FOMC rate decision boosted the US Dollar. USD/CNH is breaking higher in early Asia-Pacific trading. Will the PBOC respond?

Australia , Japan , New-zealand , Hong-kong , Singapore , China , North-korea , Zhengzhou , Henan , Australian , North-korean , Chinese