1.AUDUSD has come under intense selling pressure and lost nearly 30 pips to test 0.6450 after the Australian CPI inflation fell more than expected in July. The Aussie data douses expectations of any further RBA tightening. All eyes now on key US data.
2.USDJPY is recovering above 146.00 early Wednesday, having posted the biggest daily loss in a week on Tuesday. The pair is capitalizing on the dovish BoJ Tamura's commentary and a fresh US Dollar rebound. Focus shifts to top-tier US economic data.
3.Gold lacks upside momentum at the highest level in three weeks, making around to $1,937-38 of late, as traders seek more clues to confirm the dovish bias about the US Federal Reserve (Fed) that gained momentum after the previous day’s downbeat US data.
#VantageVN# #AUD/USD# #CPI# #RBA# #USD/JPY# #USDollar# #GOLDTODAY# #XAU/USD# #Fed# #forexmarket# #NewTraders# #TradeNotes#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now