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AUD/USD rises on RBA, GBP/JPY, gold look set to bounce
WTI crude oil prices were a touch higher on Tuesday as the ceasefire in Gaza remains uncertain. Oil prices fell over 7% from the Friday April 26 high to last Friday low, and are now trapped beneath the 200-day average and above the December bullish trendline. Fed Williams said that the net interest rate move is likely to be lower. The US dollar was little changed on the day and formed a small inside day (and doji) which closed back above 105, during a quiet days trade due to the UK public holiday. AUD/USD rose for a fourth day yet upside volatility was relatively low. There has been a growing expectation that the RBA ... (full story)