FX

The Australian dollar prepares to finish the week with losses of almost 1.60%. Fluctuating sentiment in the FX space boosts the USD and weighs on the AUD. St. Louis Fed President Bullard: Achieving a soft landing is feasible. AUD/USD plummets from weekly highs reached on Thursday around 0.7069, down below the 0.7000 mark, after Wednesday’s
Silver struggles to extend Fed-inspired rally as bulls jostle with a short-term key resistance confluence. 10-DMA, weekly descending trend line restricts immediate upside. Sluggish MACD, RSI challenges further upside, bears need validation from monthly horizontal support. Silver (XAG/USD) prices remain sidelined at around $21.70, following the biggest daily jump in over three months, as bulls
NASDAQ:SNDL fell by 2.03% during Tuesday’s trading session. TIlray and Hexo renegotiate their deal for Tilray’s stake in the company. Canopy Growth and Aurora Cannabis both bounce off their 52-week low prices. NASDAQ:SNDL extended its current losing streak to five straight days as the Canadian cannabis stock continues to fall towards zero. On Tuesday, shares
NZD/USD struggles to extend the bounce off 25-month low after NZ data. New Zealand’s Q1 Current Account – GDP Ratio widened, Current Account deficit increased. Risk-off mood exerts additional downside pressure on the Antipodeans. China’s Industrial Production, Retail Sales may entertain traders ahead of FOMC. NZD/USD fades bounce off a two-year low as it flirts