FX Watch: Bearish AUD Setups If Australian CPI Disappoints Bulls
All eyes on Australia’s upcoming CPI report which could shake RBA expectations, creating bearish AUD opportunities on EUR/AUD and AUD/JPY across market environments.
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Australian dollar declines amid weak GDP data. Short-term martial law was imposed in South Korea
The Dow Jones (US30) fell by 0.17% on Tuesday. The S&P 500 Index (US500) was up 0.05%. The Nasdaq Technology Index (US100) was up 0.31%. Data released on Tuesday showed a modest increase in US job openings for October, while layoffs declined, indicating workers’ confidence in the labor market. US October JOLTS job openings rose…
XBR/USD Analysis: Brent Crude Price Fails to Hold Above $80
As shown on the XBR/USD chart, Brent crude oil prices surged by over 8.5% last week — marking the largest increase in 2024, driven by escalating tensions in the Middle East. Although oil prices continued to climb earlier this week, a pullback occurred on Tuesday, causing Brent crude to drop below the $80 level. It…
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The U.S. presidential election is one week away. As traders, we are locked in on this key event. It’s topical, going to set broad trends for the next few years, and impacts every single one of us. But here’s the thing. It is also a time when traders make the biggest mistake. Don’t worry, there…
