XAU/USD: Gold Rises Above $3.200 on Trade War Escalation

Key Highlights Ethereum started a recovery wave from the $2,800 zone. ETH price is facing resistance near a key bearish trend line at $3,400 on the daily chart. Bitcoin price is struggling to gain pace for a move above the $67,500 resistance. Gold price found support at $2,290 and started a consolidation phase. Ethereum Technical […]

EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in early July, posting a fresh four-month peak of 1.0947 last week. However, the pair has been experiencing a correction since […]

The RBA left the cash rate on hold at 4.35%, but their rhetoric suggests the Board is more alert to upside inflation risks. Indeed, the RBA Board appears less certain that inflation is moderating as they’d like and there’s lingering concerns about persistent price pressures. The Reserve Bank left the cash rate unchanged at 4.35% […]