Thanksgiving Holiday in the U.S. is tomorrow, so a themed Special Edition on FX…including a poem to the markets

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AUD/USD remains under pressure from RBA rate decision

AUD/USD remains under pressure from RBA rate decision

AUD/USD spiked lower by more than 20 pips following the RBA rate announcement to test the key psychological support at 0.6600. Losing this key level could see the currency pair trek lower towards the 100-hour EMA support near 0.6580. 

AUD/USD News

EUR/USD edges lower to near 1.0750 due to the upward correction in the US Dollar

EUR/USD edges lower to near 1.0750 due to the upward correction in the US Dollar

EUR/USD snaps its four-day winning streak, trading around 1.0760 during the Asian hours on Tuesday. However, the Euro found support from higher-than-expected Eurozone Purchasing Managers Index data released on Monday.

EUR/USD News

Gold price extends its upside as markets react to downbeat jobs data

Gold price extends its upside as markets react to downbeat jobs data

Gold price extends its recovery on Tuesday. The uptick of the yellow metal is bolstered by the weaker US dollar after recent US Nonfarm Payrolls (NFP) data boosted bets that the Federal Reserve would cut interest rates later this year.

Gold News

Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global

Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global

Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.

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The impact of economic indicators and global dynamics on the US Dollar

The impact of economic indicators and global dynamics on the US Dollar

Recent labor market data suggest a cooling economy. The disappointing job creation and rising unemployment hint at a slackening demand for labor, which, coupled with subdued wage growth, could signal a slower economic trajectory. 

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