- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- GO Markets trading app
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
Open Account
CFD trading
Trade CFDs on forex, commodities, indices, and more.
Open accountTo open a CFD trading account as a Company, Trust, or SMSF, apply here.
Share trading
Invest in shares and ETFs on the Australian share market.
Open accountOpen a Personal or Company/Trust/SMSF share trading account.
- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- GO Markets trading app
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & analysis
- Forex
- FX Analysis – USD and yields surge on hot CPI, Gold down, AUD and NZD pummelled
- Home
- News & analysis
- Forex
- FX Analysis – USD and yields surge on hot CPI, Gold down, AUD and NZD pummelled
News & analysisNews & analysisFX Analysis – USD and yields surge on hot CPI, Gold down, AUD and NZD pummelled
13 October 2023 By Lachlan MeakinUSD surged higher on Thursday, with DXY having its second biggest daily gain since March, reclaiming the big figure at 106 and holding above its trendline support. Hotter than expected CPI readings with the M/M rising 0.4% (exp. 0.3%) and Y/Y coming in at 3.7% , above the 3.6% consensus got the Dollar rally going, but a dismal US 30yr auction later in the session saw long end yields surging higher, further boosting the Greenback.
Cyclical currencies AUD, NZD and GBP were the underperformers, driven lower by a sour risk sentiment and USD strength rather than anything currency specific. AUDUSD and NZDUSD tumbling to 1-week lows and nearing the bottoms of their recent ranges of 0.6308 and 0.5926, respectively, from earlier peaks near the top of the range of 0.6430 and 0.6025.
GBPUSD also tumbled, breaking below 1.2200 amid the aforementioned negative risk sentiment and surging USD. There were some mixed UK macro releases and BoE members highlighting the extent of possible rate hikes to come but this had little effect as GBPUSD fell to a session low of 1.2173 a whisker above Monday’s low of 1.2163.
Gold finished the session down but considering USD strength and surging yields held up admirably as haven flows helped lessen the damage. XAUUSD also finding some support at the 78.6 Fib level at 1866.
Today’s calendar is fairly light, Chinese CPI and US consumer sentiment being the highlights.
Ready to start trading?
The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.
#Forex #ForexAnalysis #ForexBroker #ForexCharts #ForexMarket #ForexNews #ForexSignal #ForexTradingNext Article
Charts to watch in the week ahead – AUDUSD, Gold, Oil
Global markets head into the new week with one eye on ongoing geopolitical pressures and one eye on US data and comments from Federal Reserve members as we come into the last week before the blackout period ahead of the November 2 FOMC meeting. Along with the geopolitical backdrop there is some key scheduled data this week the traders will be watch...
October 16, 2023Read More >Previous Article
Crude Oil analysis – WTI drops 3% to fills the gap on inventory build and dwindling supply disruption fears
WTI Crude oil got off to a flyer on Monday open as news broke of conflict in the Middle East saw a hefty risk premium being priced in fueled by fears ...
October 12, 2023Read More >Please share your location to continue.
Check our help guide for more info.