Month: June 2022

AUD/USD picks up bids to refresh intraday high, extends week-start recovery. RBA praises yield targeting method and mentioned reputational damage as it ended. Market sentiment remains mixed, US holiday allowed European/UK shares to improve. RBA Meeting Minutes, speech from Governor Lowe gain major attention ahead of the full markets. AUD/USD renews intraday high around 0.6960,
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USDCAD holds support on the dip today. The USDCAD is modestly lower today after peaking near the May 2022 high on Friday (highest level since November 2020). The price action today has seen a continuation of the move lower. The pair has moved below the swing high from last Wednesday and the down to a
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Safe Haven! Is gold the best hedge against inflation? – The Economic Times Video | ET Now ET Now | 20 Jun 2022, 08:24 PM IST Embed <iframe mozallowfullscreen=”true” webkitallowfullscreen=”true” allowfullscreen=”true” width=”560″ height=”420″ frameborder=”0″ src=”/videodash.cms?autostart=1&msid=92343235&rlvideo=1808152121″></iframe> The ET Money Show | Is gold the best hedge against inflation?| Harsh Roongta decodes Read more on To see
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Quek Ser Leang at UOB Group’s Global Economics & Markets Research suggested further upside in USD/THB could retest 35.40 ahead of 35.70. Key Quotes “We highlighted last Monday (13 May, spot at 34.85) that USD/THB ‘is likely to break 35.00 but any further advance is expected to face solid resistance at 35.40’. While USD/THB subsequently
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After a strong performance earlier this month, oil prices sold off violently last week, falling sharply along with risk assets including stocks. For the week, Brent futures declined for the first time in five weeks, while WTI dropped for the first time in eight weeks. Crude oil fell 7 per cent on Friday and was
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Overall markets are rather steady in Asian session today. Even the free falling crytocurrencies are stabilizing slightly. Major Asian indexes, except Nikkei, are treading water. Dollar and Yen are softening slightly with Sterling. Aussie and Euro and mildly higher. But most major pairs and crosses are just stuck inside Friday’s range. Sterling would be a
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