RBA decision results in weekly lows for AUD/USD
AUD/USD plummeted to a weekly low of 0.7470 after the monetary policy decision by the Reserve Bank of Australia (RBA). RBA ends the 2024 April bond target of 0.1% and kept the OCR unchanged at 0.10% amid the rising inflation…
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Gold: Update for November 1st, 2021
Gold moved higher on the first trading day of the week after a significant fall in the last session on Friday. "Gold investors will be much more cautious being caught long above $1,800 now, even if the dollar retraces and…
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Fed Updates and Possible Game Changers for the Next Week
A big question heading into next week is why stocks have been so resilient in the face of substantially higher short-term yields. This, especially as the employment cost index rises at the fastest pace on record, indicating a stickier inflation…
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Financial Markets Update for October 29th, 2021
AUD rates were still in focus when the RBA yet again didn't defend its yield target. Economists at Citibank expect the AUD/USD to move back lower because the 0.7550 level proves to be a tricky resistance. A pullback in commodities…
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Financial Markets Update for October 28th, 2021
Financial markets have been slowing down for the first two days of this week as traders paused to receive monetary policy announcements from major banks around the world, including the US Federal Reserve meeting next week.Most of the day, the…
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