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AUD/USD grinds above 0.6500 on hawkish RBA’s Lowe ahead of China PMI, Aussie inflation

AUD/USD grinds above 0.6500 on hawkish RBA’s Lowe ahead of China PMI, Aussie inflation

AUD/USD picks up bids to pare the previous day’s losses around 0.6520, after snapping a two-day uptrend, as Reserve Bank of Australia (RBA) Governor Philip Lowe sounds hawkish on early Wednesday in Asia.

AUD/USD News

EUR/USD buyers flirt with resistance-turned-support near 1.0730

EUR/USD buyers flirt with resistance-turned-support near 1.0730

EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. The Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum.

EUR/USD News


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Gold: Softer US Dollar underpins rebound, focus on US politics, employment data

Gold: Softer US Dollar underpins rebound, focus on US politics, employment data

Gold keeps the previous day’s corrective bounce off a short-term key support while making rounds to $1,960 amid Wednesday’s Asian session. The precious metal portrays the market’s sluggish mood ahead of the key United States data/events as XAU/USD bears run out of steam.

Gold News

Bitcoin mining emission approaches net carbon negative as Texas cancels mining curbing bill

Bitcoin mining emission approaches net carbon negative as Texas cancels mining curbing bill

Bitcoin mining and the narrative around how Proof-of-Work being one of the most energy-consuming processes in the entire world is set to change. With more sustainable mining methods coming to light and awareness spreading, BTC is close to joining the league of blockchains that have achieved carbon neutrality.

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US: Confidence shaken amid early tremors in job market

US: Confidence shaken amid early tremors in job market

Consumer confidence slipped slightly in May, and while the weakening may reflect short-term worries about the debt ceiling, the more interesting developments reveal how the sand is shifting under consumers' feet.

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