EUR/USD is holding steady above the 1.1000 mark as traders eagerly anticipate the European Central Bank (ECB) policy decision. The pair struggles to gain significant traction during the Asian session, hovering just above the psychological 1.1000 level. This comes after a four-week low was touched the previous day, indicating a sense of reluctance among traders
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The recent release of U.S. core inflation data has caused some turbulence in the global markets. While Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, the dollar managed to hold onto gains after the data showed a slight surprise on the upside. This surprise dashed hopes of a significant rate cut
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The gold market has been consolidating gains below the $2,530 resistance level, indicating a period of indecision among traders. The 4-hour chart of XAU/USD shows a key contracting triangle forming with support at $2,495, suggesting that a breakout is on the horizon. While gold prices have remained stable above the 100 Simple Moving Average and
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The recent debate between Republican Donald Trump and Democratic Vice President Kamala Harris has left Wall Street investors on edge. Despite a heated exchange over various topics, including the economy and immigration, the lack of clarity on key policy issues has left many uncertain about the impact on financial markets. The debate did little to
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Shane Oliver recently shared his insights on the US Jobs Report and its potential impact on the AUD/USD exchange rate. He highlighted the significance of the US CPI Report in determining near-term trends for the currency pair. Oliver suggested that weaker-than-expected US inflation figures could outweigh softer Australian consumer inflation expectations, leading to a possible
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