AUDUSD- next target?


$AUDUSD- next target?
Currently we are at 0.7268. We are looking for a continuation to the Fibo support area @ 0.7171 with an overall target @ 0.7120. The average daily true range (ATR) for the pair currently is 73 pips.
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EUR/USD climbs to daily highs near 1.1180 following the Fed’s decision

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EUR/USD now picks up extra pace and revisits the 1.1180 region after the Federal Reserve decided to cut its interest rates by 50 bps at its event on Wednesday.

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GBP/USD hits fresh tops near 1.3300 on weaker Dollar

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The Greenback is now accelerating its decline following the Fed’s decision to reduce its interest rates, sending GBP/USD to fresh tops in the 1.3290 zone.

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Gold clinches a record high near $2,600 ahead of Powell

Gold clinches a record high near $2,600 ahead of Powell

Prices of Gold gather extra steam and hit an all-time top near the $2,600 mark per ounce troy as investors continue to assess the 50 bps rate cut by the Federal Reseve and warm up for the usual press conference by Chief Jerome Powell.

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Federal Reserve set for first interest-rate reduction in four years amid growing bets of jumbo cut

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The Federal Reserve is widely expected to lower the policy rate after the September meeting. The revised Summary of Economic Projections and Fed Chairman Powell’s remarks could provide important clues about the rate outlook.

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