AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms

AUD/USD approaches trendline resistance, with event-driven risk events looming in the form of Australian Consumer confidence and an interest rate decision from the Reserve Bank of New Zealand.

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Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster

The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.

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Crude Oil Prices Climb on Falling Stockpiles, Brighter Demand Outlook

Crude oil prices extended higher on a larger-than-expected fall in crude inventories. Bullish momentum was building after OPEC+ upgraded its outlook for global oil demand.

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Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields

Gold prices advanced as longer-dated Treasury yields fell after a smooth 30-year bond auction. Strong US inflation data sent the US Dollar lower and buoyed precious metals prices.

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New Zealand Dollar Forecast: NZD/USD Unscathed as RBNZ Holds Course

The New Zealand Dollar gave a muted reaction following the RBNZ’s April OCR decision. NZD/USD appears to be aiming higher after a Falling Wedge break.

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