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AUD/USD stays on the way to yearly low below 0.7500 on mixed Aussie, China data

AUD/USD stays on the way to yearly low below 0.7500 on mixed Aussie, China data

AUD/USD retailers assault intraday low at some stage in the four-day downtrend. Australia Trade Balance eases in May, Imports, and Exports recover. US dollar shrugs off downbeat Treasury yields, inventory futures stay company round report…

Market News
China’s Caixin Manufacturing PMI misses estimates with 51.3 in June, AUD/USD unfazed

China’s Caixin Manufacturing PMI misses estimates with 51.3 in June, AUD/USD unfazed

China’s June Caixin manufacturing PMI got here in at 51.3 vs. 51.8 predicted and May’s 52.0, displaying that the usual fitness of the country’s manufacturing region is slowly deteriorating. The gauge hit a three-month low.…

Market News
Aussie Trade Balance: Exports soar 6% MoM, AUD at a standstill

Aussie Trade Balance: Exports soar 6% MoM, AUD at a standstill

Australia’s exchange information has been released, a incredibly predicted match the place the nation’s surplus all through the covid disaster has been a helping issue to the country’s currency. Key notes Australia May stability goods/svcs…

Market News
US Dollar Index Price Analysis: Overbought RSI probes DXY bulls near three-month top

US Dollar Index Price Analysis: Overbought RSI probes DXY bulls near three-month top

DXY bulls take a breather all through a four-day uptrend, close to early April tops. 23.6% Fibonacci retracement guards immediately upside, three-week-old aid line will become the key. Bulls continue to be hopeful past 200-DMA,…

Market News
USD/CNY fix: 6.4709 vs the prior 6.460

USD/CNY fix: 6.4709 vs the prior 6.460

In the current exchange today, the People’s Bank of China (PBOC) set the yuan (CNY) reference charge at 6.4709 vs the prior 6.4601. About the fix China keeps strict manipulate of the yuan’s fee on…

Market News
Central Bank of Russia hikes policy rate by 50 basis points to 5.5% in June

Central Bank of Russia hikes policy rate by 50 basis points to 5.5% in June

Russia’s central financial institution introduced on Friday that it hiked its coverage fee by means of 50 groundwork factor to 5.5% following its June coverage meeting. Market reaction The USD/RUB pair edged modestly decrease with…

Market News
S&P 500 Index to extend its rally, defying more persistent inflation – CE

S&P 500 Index to extend its rally, defying more persistent inflation – CE

Strategists at Capital Economics assume that inflation in the US will show extra chronic than each the Fed and buyers show up to anticipate. Notwithstanding, they nevertheless count on the S&P five hundred to make…

Market News
US dollar dynamics and Fed speak in focus for near-term trading impetus

US dollar dynamics and Fed speak in focus for near-term trading impetus

“Gold is benefiting from the risk-averse market conditions, thanks to the renewed concerns about coronavirus restrictions in Asia. A foremost covid outbreak haunts Taiwan and Singapore whilst India and Japan war with rising instances and…

Market News
GBP/USD moved into a consolidative phase – UOB

GBP/USD moved into a consolidative phase – UOB

Cable is now poised to navigate within the 1.3800-1.4000 home in subsequent weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘the swift and sharp drop appears to be running before itself but there’s no sign…

Market News
Gold Price Analysis: XAU/USD desires to crack key $1803 degree for extra recovery

Gold Price Analysis: XAU/USD desires to crack key $1803 degree for extra recovery

Weekly closing above Nov 30 low gives a ray of hope for XAU/USD. The bearish bias stays intact till gold stays beneath 21-DMA. The recuperation mode ought to lengthen into Asia’s weekly opening. Gold (XAU/USD)…