Detailed analysis of the AUD/USD currency pair, including technical levels, fundamental factors, economic events, and influential figures like Michele Bullock and Jerome Powell.
The US Dollar propelled higher buoyed by another week of the central bank policy divergence narrative. Another strong week for the Greenback left risk-sensitive assets on the defensive, with the central bank's policy divergence narrative remaining the key
Gold (XAU/USD) is trading up by about 0.2% in the $2,360s on Thursday after the European Central Bank (ECB) decides to cuts interest rates by 0.25% at its June policy meeting.
The EUR/USD pair extends its gains for the third straight day, trading around 1.0850 during the Asian session on Monday. A technical analysis of a daily chart suggests a bullish bias for the pair, as it moves upward within the ascending triangle.
The ASX 200 Index rose 0.26% to reach 7,900, driven by positive market sentiment and expectations of the Reserve Bank of Australia (RBA) lowering interest rates in the second half of 2024.
Bitcoin price has surged to $65,590, largely driven by institutional capital inflows into Bitcoin ETFs. Experts predict further upside potential, but also warn of a possible correction prior to the next halving event.
US core PCE data was in line with market forecasts of a 0.4% MoM gain. With a firmer number largely discounted by markets, the on-consensus outcome was treated more like a dovish surprise. The 3m annualized reading did edge up modestly (2.2%, from 2.1%) b
