Latest News Credit Agricole: AUD surges to largest long position in G10 FX; CAD remains largest short <p class="text-align-start">Credit Agricole reports that the Australian dollar (AUD) has become the largest long position in G10 FX, while the Canadian dollar (CAD) continues to hold the largest short position, according to their latest FX positioning model.</p><p>Key Points:</p><ul><li><p>AUD Positioning:</p><ul><li>The AUD Fed's Kashkari: The balance of risks has shifted towards higher employment <ul><li>Balance of risks have shifted away from higher inflation towards maybe higher inflation</li><li>Overall the US economy is resilient</li><li>Not seeing signs of resurgent inflation</li><li>Reduction in new rents gives us confidence that housing inflation will come down</li><li>We could be surprised by stresses on particular bank US stocks trade to lows for the day <p>The major US stock indices are trading to lows for the day. The Dow industrial average is leading with a decline of -1%. The declines are led by Travelers, Amazon, Walt Disney. </p><p>The low for the tail reached 41891.81. Earlier, the price fell below its 100 hour moving average of 42071.77. Reports of explosions in central Israel <p>These explosions could be what's weighing on sentiment at the moment.</p> This article was written by Adam Button at www.forexlive.com. Crude oil trades to its 200 day moving average <p>The price of crude oil is trading at $77.22 that's up $2.83 or 3.81%. </p><p>The high price reached $77.36. The low price was at $73.65. Crude oil futures settled at $77.14 up $2.76 or 3.71%.</p><p>Expectations of a retaliatory strike against Iran is leading to the surge. Latest Articles Unlock the Secrets to Consistent Profits: The Critical Role of Risk and Money Management in Trading Risk and money management often take a backseat to the allure of trading strategies, but overlooking these critical elements can be a costly mistake. Jun 06 2024, 15:43pm Gold dropped from eight-month high but still holding recent gains XAU/USD retreats from its highest since early June 2021 after rose above $1900 on Thursday, with geopolitical tensions around Ukraine seeming easing for now. Feb 18 2022, 19:10pm EUR/USD steadied on Wednesday, finds support at 1.1400 Following two consecutive daily pullbacks, EUR/USD steadied on Wednesday, hovering above 1.1400 but continues to trade in narrow ranges. Last week, the euro posted a strong rebound after a more hawkish tone from the ECB meeting. Investment banks brought forward their calls on European Central Bank interest rate hikes. Feb 09 2022, 19:14pm Gold price may looking for support at $1780/50 Gold price hits more than two weeks low during Friday’s Asian session. Hovering around $1790, approaching January low as U.S. yields pause previous declines and US dollar extending gains above 97. Jan 28 2022, 18:06pm Why the dollar heading lower after the inflation data? The dollar fell against a basket of currencies on Thursday to a two-month low, and extending decline below 95, set for worst weekly decline since last December. Jan 14 2022, 18:07pm
