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Editors’ Picks

AUD/USD turns south below 0.7400 as risk-aversion lifts USD demand

AUD/USD has met fresh supply and eases back below 0.7400 as covid concerns escalate globally and lift the US dollar's safe-haven demand. The aussie ignores upbeat Australian economic news, as attention turns towards the US PCE inflation data. 

AUD/USD News

Gold defends 200-DMA break ahead of Fed’s preferred inflation gauge

Gold stays defensive around $1,830, sidelined of late, amid Friday’s Asian session. The yellow metal crossed 200-DMA for the first time since mid-July the previous day on the market’s risk-on mood.

Gold News


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Editors’ Picks

EUR/USD: On the way to 1.1920 resistance confluence

EUR/USD bulls brace for breaking the immediate trading range surrounding 1.1900, also refresh the highest levels since July 06, during early Friday morning in Asia. The major currency pair stays positive for the fifth day in a row.

EUR/USD News

Litecoin price redefines momentum, as LTC approaches an impressive milestone

Litecoin price confirms breakout from the governing falling wedge pattern on July 25, marking a turning point for the altcoin and introducing new technical challenges.

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US Second Quarter GDP and Inflation: Economics and politics

The US economy pulled up short of expectations in the second quarter, expanding at a 6.5% annualized rate despite government largesse of $1.9 trillion that began in March. Economists had predicted a 8.5% growth rate. 

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