- #AUD/USD# buyers take a breather while making rounds to 0.6480, after rising the most in three weeks the previous day. The Aussie pair portrays the market’s cautious mood ahead of the top-tier catalysts after cheering the risk-on mood and downbeat US Treasury bond yields while paying a little heed to the disappointing Australian PMIs.
- #EUR/USD# makes rounds to 1.0860-65 as bulls take a breather after posting a stellar rebound from the 2.5-month low the previous day. The Euro pair cheered the broad risk-on mood and a slump in the US Treasury bond yields while ignoring downbeat data at home to post a notable recovery from the multi-day low.
- #gold# price stays on the front foot at around $1,917, despite posting mild gains amid the early hours of Thursday’s Asian session, as market players await the United States data and the start of the two-day-long annual Jackson Hole Symposium.
Silver Price (#XAG/USD#) seesaws at the highest level in three weeks, after rising the most in 1.5 months, amid market’s cautious mood as a two-day-long annual Jackson Hole Symposium event begins. That said, the #XAG/USD# makes rounds to $24.30-35 while pausing the five-day winning streak during early Thursday.
In doing so, the Silver bulls take a breather while justifying the bearish signals from the options markets despite the broad #US# Dollar weakness and sluggish markets. However, the looming top-tier US data and Jackson Hole speeches keep the XAGUSD traders on their toes.
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