AUD/USD Pre-Event Inaction Around 0.6715-20 Waiting for RBA’s Interest Rate Decision Market Overview: AUD/USD portrays the typical pre-event inaction around 0.6715-20 during early Tuesday morning in Asia as the Aussie traders await the Reserve Bank of Australia’s (RBA) Interest Rate Decision with mixed feelings. That said, the presence of China Caixn Manufacturing for July and…
Feeling the Ups and Downs of the AUD/USD Pair Keep up with the latest trends in the Forex market Have you been keeping an eye on the AUD/USD pair lately? If so, you may have noticed some interesting movements in the late European session. The pair has been pushing past the resistance level of 0.6200,…
The Rollercoaster Ride of Gold Prices Feeling the Pressure Gold price (XAU/USD) action is correcting on Monday after sensing resistance above $1,960.00. The robust performance of the United States in the April-June quarter reinforces the need for more interest-rate hikes from the Federal Reserve (Fed). The precious metal is under pressure as the US Dollar…
AUD/USD Begins the Key Week Without Surprises Overview The Australian Dollar to US Dollar (AUD/USD) currency pair has started the week without any surprises, hovering around the 0.6650 mark. This comes after a two-week decline, leaving the Aussie at its lowest levels in three weeks. Market participants are eagerly awaiting two major events this week…
