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AUD/USD remains on the defensive below 0.6450, investors await Australian CPI data

AUD/USD remains on the defensive below 0.6450, investors await Australian CPI data

AUD/USD remains on the defensive near 0.6420 during the early Asian session on Monday. The Federal Reserve media blackout went into effect at midnight Friday. Nonetheless, the US central bank has delivered hawkish messages in recent weeks and markets expect the first cut in September. 

AUD/USD News

EUR/USD touches five-month low on growing expectations that ECB will ease before Fed

EUR/USD touches five-month low on growing expectations that ECB will ease before Fed

EUR/USD managed to counter a poor start of the week and reverse course despite the European currency slipping back to the 1.0600 key support against the US Dollar, or five-month lows.

EUR/USD News


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Editors’ Picks

Gold holds below $2,400 on Fed hawkish comments, eyes on geopolitical risks

Gold holds below $2,400 on Fed hawkish comments, eyes on geopolitical risks

Gold price attracts some sellers around $2,385 on Monday during the early Asian trading hours. The hawkish comments by Federal Reserve officials have capped the precious metal’s upside. However, the escalating tensions in the Middle East might boost safe-haven assets like gold. 

Gold News

A breakout or significant price movement may be imminent for Ripple’s token

A breakout or significant price movement may be imminent for Ripple’s token

Ripple has been range-bound for a while, with token holders patiently holding as the ecosystem contended against the US Securities and Exchange Commission. As per a recent report, the payments token’s price has been stuck below $0.50, failing to breach key resistance levels.

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Week ahead: US GDP and BoJ decision on top of this week’s agenda

Week ahead: US GDP and BoJ decision on top of this week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap. Earnings season heats up as tech giants report.

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