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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. ....

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. ....

Thomas Westwater , Australian Dollar , China Trade Balance , Technical Outlook , Hong Kong , Hang Seng Index , China Sensitive Australian Dollar , Chinese Yuan , Coal India , Simple Moving Average ,

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. ....

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. ....

United Kingdom , Thomas Westwater , Andrew Baily , Australian Dollar , Jobs Report , Technical Outlook , British Pound , Boe Governor Andrew Baily , Canadian Dollar , Norwegian Krone , Western Canadian Select , Reserve Bank , Simple Moving Average ,