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AUD/USD struggles near 0.6600 after mixed Chinese data
AUD/USD has resumed its bearish momentum, challenging 0.6600 in Monday’s Asian session. After being hit by downbeat Australian Job Ads and Chinese Home Prices data, the pair feels another pinch from mixed China activity data and a cautious risk tone.
EUR/USD hovers around 1.0700 amid mixed sentiment
EUR/USD is trading close to 1.0700, struggling to build on the previous bounce early Monday. European political uncertainty continues to undermine the Euro and cap the pair's upside. The cautious mood acts as a tailwind for the USD and favors EUR/USD bearish traders.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price drifts lower on Fed rate jitters, $2,300 mark hold the key for bulls
Gold price kicks off the new week on a weaker note amid the Fed’s hawkish outlook. Geopolitical risks and political uncertainty could lend support to the safe-haven metal. The recent repeated failures near the 50-day SMA support prospects for deeper losses.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin retesting its major resistance level
Bitcoin price is retesting its weekly resistance level of $67,147. Ethereum price finds support around $3,321, the price imbalance between $3,146 and $3,498. Ripple price faces rejection due to the key resistance level of $0.499.
Busy week ahead: What are markets watching this week?
This week is gearing up to be another eventful calendar for policy watchers, welcoming three updates from the Reserve Bank of Australia (RBA), the Swiss National Bank (SNB) and the Bank of England (BoE).