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AUD/USD met support around 0.6700

AUD/USD met support around 0.6700

AUD/USD finally regained stability, reversing a multi-day downtrend after briefly testing the key support level at 0.6700, despite a modest rise in the US Dollar following firm US CPI data.

AUD/USD News
EUR/USD: The short-term outlook appears negative

EUR/USD: The short-term outlook appears negative

EUR/USD extended Wednesday’s decline, breaking below the 1.0900 support level amid ongoing weakness in the Euro and modest gains in the Greenback, which were bolstered by stubborn US inflation and remarks from the Fed’s Bostic.

EUR/USD News
Gold grinds north above $2,620

Gold grinds north above $2,620

Gold price bounced sharply after nearing the $2,600 mark, now trading around the $2,620 level. The US Dollar saw a short-lived spike following the release of US data, which came opposite to the Fed needs.

Gold News
Ethereum Price Forecast: ETH could decline to $2,200 amid rising US inflation and exchange reserves

Ethereum Price Forecast: ETH could decline to $2,200 amid rising US inflation and exchange reserves

Ethereum (ETH) plunged 3.8% on Thursday following a hike in US inflation data and rejection near its 50-day Simple Moving Average (SMA).

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RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

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