Aussie Rushes to 2024 Highs After RBA Decision

Aussie Rushes (AUD) surged in Asian trade, reaching 2024 highs against the US dollar (USD) and extending its gains for the second consecutive day. This rally comes on the heels of a bullish stance from the Reserve Bank of Australia (RBA)which has kept interest rates steady amidst ongoing inflation concerns. Recent Price Movements The AUD/USD…

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Gold Prices Rush soared in European trading on Friday, surpassing the $2600 mark and setting fresh record highs. This rally, fueled by a weakening dollar and strong investment demand, has put gold on track for a second consecutive weekly profit. Recent Price Movements As of Friday, gold prices increased by over 1%, reaching $2612 per…

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Wall Street Declines but indices experienced a dip as investors engaged in profit-taking following a notable spike in the previous session, which was triggered by the Federal Reserve’s recent policy announcements. Despite this pullback, the markets remain poised for overall weekly gains, indicating resilience amid changing economic conditions. Market Reaction to Federal Reserve Decisions Earlier…

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Euro Backs Off, fell against a basket of major currencies in European trade on Monday, marking its second consecutive day of losses against the U.S. dollar. After briefly reaching three-week highs, the euro retraced due to weak economic data from the eurozone for September, prompting concerns about a potential economic contraction in the region. The…

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Bitcoin Give Up on prices retreated on Monday, snapping a six-day winning streak and pulling back from five-week highs. This decline came as investors opted for profit-taking after last week’s strong gains, compounded by a rebound in U.S. 10-year Treasury yields and cautious market sentiment. In this article, we will explore the reasons behind Bitcoin’s…

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Gold Edges Up and Marks prices inched higher on Monday, continuing their upward trend as the dollar remained mostly unchanged against major currencies. This price movement follows the Federal Reserve’s decision to cut interest rates, signaling a policy shift that has sparked reactions across global markets. In this article, we’ll explore the recent performance of…

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