AUD/USD seesaws around 0.6965-70 as RBA’s SoMP favor recession woes, US NFP in focus – by anilpanchal7 AUDUSD Recession RBA Fed NFP
RBA downgrades economic growth forecasts, revises up inflation predictions in Monetary Policy Statement.
RBA warns that the economy will slow sharply as inflation soars, in its quarterly MPS. “Forecasts for economic growth this year were slashed by a full percentage point to 3.25%, while 2023 and 2024 were trimmed by around a quarter point to 1.75%,” said Reuters. The news also adds that the
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AUD/USD retreats towards 0.6950 ahead of RBA Monetary Policy Statement, US NFPAUD/USD bulls take a breather after a two-day uptrend, recently easing to 0.6965 as the key NFP Friday begins. The pair’s latest moves could be linked
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AUD/USD bulls approach 0.7000 on firmer Aussie Trade Balance, focus on Taiwan, NFPAUD/USD bulls approach 0.7000 on firmer Aussie Trade Balance, focus on Taiwan, NFP – by anilpanchal7 AUDUSD RiskAppetite China Fed ForeignTrade
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AUD/USD sticks to modest recovery gains around 0.6930-35 area, lacks follow-throughAUD/USD sticks to modest recovery gains around 0.6930-35 area, lacks follow-through – by hareshmenghani AUDUSD EconomicIndicator RiskAppetite Fed Currencies
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EUR/USD bulls flirt with 1.0250 after the biggest daily jump in two weeks, US NFP eyedEUR/USD bulls take a breather after the heavy run, grinding higher around 1.0250 during the initial Asian session on Friday. In the doing so, the majo
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AUD/USD aims an establishment above 0.6900 on upbeat Caixin Services PMI dataThe AUD/USD pair has surpassed the immediate hurdle of 0.6900 swiftly and is likely to establish above the same as IHS Markit has reported stellar Cai
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Gold Price Forecast: XAU/USD climbs $1,770 as risk-on rebounds, US NFP buzzGold price (XAU/USD) has displayed a responsive buying action after printing a low of $1,755.00 in the Asian session. The precious metal entered a cor
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