Non Volatility/Low Volatility Trading

AUD/USD is falling back toward 0.6850 in Friday's Asian trading, reversing from near 19-month peak. A tepid US Dollar bounce drags the pair lower but the downside appears called by the latest Chinese stimulus measures, which boost risk sentiment ahead of US PCE data. 

USD/JPY is bouncing back toward 146.00 in the Asian session on Friday even as Tokyo CPI inflation data keep hopes of BoJ rate hikes alive. Intensifying risk flows on China's policy optimism underpin the pair's renewed upside. The focus shifts to the US PCE inflation data. 

Gold price climbed to a fresh all-time peak on Thursday amid dovish Fed expectations. The USD languished near the YTD low and shrugged off Thursday’s upbeat US data. The upbeat market mood caps the XAU/USD ahead of the key US PCE Price Index.

Bitcoin broke above its consolidation zone, signaling a potential bullish move ahead. At the same time, Ethereum is finding support at a key level, hinting at an upcoming rally. In contrast, Ripple consolidates between its crucial levels, indicating a period of indecision among traders.

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.