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AUD/USD: Door open to a test of 0.6600 and below
AUD/USD added to losses recorded in the previous session and traded at shouting distance from the 0.6600 neighbourhood amidst increasing buying pressure surrounding the Greenback.
EUR/USD: Beware of the 200-day SMA
EUR/USD came under heightened downside pressure in response to extra traction in the Greenback, always in line with rising US yields and expectations of a delayed interest rate cut by the Fed.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold pressures daily lows around $2,340
Gold trades in negative territory near $2,340 after closing the previous three trading days higher. The benchmark 10-year US Treasury bond yield gains more than 1% on the day above 4.6%, causing XAU/USD to continue to stretch lower.
Bitcoin outlook: Near-term bias to remain bullish above 66K
Bitcoin stands at the back foot following repeated failure to clear psychological 70K barrier, though near-term action is still holding within a range (66915/71933), part of larger consolidation below new record high and moving in a sideways mode.
The People's Bank of China says, “Don't worry, be happy”
The Dollar rebounds on Tuesday, but Gold & Silver ignore the Dollar move. Good Day... And a Wonderful Wednesday to you! Well, it did indeed look as though my beloved Cardinals were dragging the line in Monday's game