UBS sees RBA cutting rates as Australian dollar falls below 0.65

UBS sees RBA cutting rates as Australian dollar falls below 0.65
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UBS sees RBA cutting rates as Australian dollar falls below 0.65
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Oil Opens Higher as Gold Attempts Record! XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
USD/JPY – 05.09.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
The GBP/USD outlook remains subdued as a firmer dollar weighs on the pound. Dovish BoE amid worse economic data continues to weaken the sterling. Traders await the commentary from FOMC’s Bowman and MPC’s Breeden for further policy cues. The GBP/USD outlook reflects a downside bias, marking its six-month lows under 1.3100 on Tuesday. The move…
OPEC cuts oil demand growth forecasts for 2024 and 2025, citing concerns about the Chinese economy. China’s stimulus measures have failed to impress, and the country’s economic outlook remains a concern. Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Most Read: Gold (XAU/USD) Prices Slide…
Introduction QuantumGold Trader is a specialized Expert Advisor (EA) developed for the MetaTrader 4 platform, tailored exclusively for trading XAUUSD (Gold vs US Dollar). Leveraging advanced quantum analysis and a rich blend of technical indicators, this tool aims to navigate the inherently volatile nature of the gold market, offering traders a strategic edge through automation….
On 10 July, we noted strong selling pressure above the $130 per share level. Since then, the price has dropped by approximately 22%. Losing more than a fifth of its market value seems like a serious issue, but it’s not as bad as it might appear, especially with emotions running high amid fears of a…