Australian dollar steady after central bank raises rates to 4.35%

Australian dollar steady after central bank raises rates to 4.35%
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Australian dollar steady after central bank raises rates to 4.35%
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Gold weekly forecast turns bullish as Fed Chair hinted at a rate cut in September. Easing tensions in Ukraine could cap the gains in gold. Traders eye the US Core PCE and US GDP q/q data due next week for more impetus. Gold ended the previous week on an optimistic note, rising above the $3,370…
In a speech today, BoE MPC member Catherine Mann emphasized the importance of a cautious approach to easing monetary policy, stating that it’s preferable to remain restrictive longer amid inflation uncertainties. She argued that “a risk management assessment implies it is better, under inflation uncertainty, to remain restrictive for longer, until right tail risks to…
Fundamental Overview Gold had a positive day on Friday as it found support from the risk-off sentiment caused by Trump’s threat of substantially increasing tariffs on China. Over the weekend, we had more soothing comments from Trump and other US officials which triggered a recovery in risk sentiment. Despite the positive risk sentiment, gold started…
Pavel Durov’s recent arrest at a Paris airport sent shockwaves through the tech and trading communities. Durov, Telegram’s founder and CEO, faces charges related to the criminal activities happening on its platform. This is FXStreet’s inside story with Telegram. The Fate of Two Emails On a Tuesday at noon, April 9 this year, FXStreet’s contact…
After months of smooth sailing and breakouts to the upside, the market was hit with a round of volatility this week. On Wednesday, the Federal Reserve decided to cut interest rates by a quarter of a point. This was widely expected. But what spooked the markets was the “dot plot.” This is the Fed’s outlook…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday April 22nd and shows a quick view of how large traders (for-profit speculators and commercial hedgers) were positioned in the futures markets….