AUD/USD Price Forecast: Double Top Breaks Aussie Dollar Amid Divergence in Fundamentals
The AUD/USD currency pair experiences heightened volatility with a significant "Double Top Breaks Aussie Dollar," suggesting a potential trend reversal. Divergent fundamental factors between AUD and USD contribute to a sharp 1.10% downtrend. Traders closely watch the upcoming US core…
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US Second-Quarter GDP Growth Surpasses Expectations, Fuels Yields and Strengthens the Dollar
The US Second-Quarter GDP Growth defied expectations with an impressive annualized rate of 2.4%, surpassing the projected 1.8%. This remarkable expansion has reverberated through financial markets, leading to increased Treasury yields and a stronger U.S. dollar. Despite concerns over inflation…
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India Bond Yields Steady Ahead of Key U.S. Fed Policy Decision
As investors around the world eagerly await the U.S. Federal Reserve's policy decision, India's bond market holds its breath, anticipating potential impacts on the country's government bond yields. The benchmark 7.26% 2033 bond yield, which had recently reached its highest…
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Surging Success: The Australian Dollar’s Shift from Fixed Exchange Rates to a Floating Currency
The Australian Dollar's Shift embodies the vibrant economy of Australia and boasts the distinction of being the world's fifth most commonly traded currency. Its remarkable history is one of transformation, transitioning from fixed exchange rates to the eventual adoption of…
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Surging Gold Prices Rally Ahead of Fed Decision, With Fed Chair Powell’s Unwavering Tough Stance on XAU/USD
Surging gold prices in the lead-up to the highly anticipated Federal Reserve's rate decision signal investor enthusiasm, while expectations of Fed Chair Jerome Powell maintaining a tough stance on XAU/USD leave the precious metal's future uncertain amidst resilient US economic…
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