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Markets
Gold extends rally to $4,200 on dovish Fed, trade tensions
Gold (XAU/USD) prolongs its recent record-setting run and gains positive traction for the fourth straight day on Wednesday, with bulls looking to build on the momentum beyond the…
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EUR/GBP weakens to near 0.8700, French government plans to postpone pension reforms
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s…
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Bullish tone prevails, first upside barrier emerges near 99.50
The AUD/JPY cross holds steady near 98.50 during the early European trading hours on Wednesday. Renewed trade tensions between the US and China, and persistent geopolitical tension…
WTI remains subdued near $58.00 due to Oil oversupply outlook, US-China trade tensions
West Texas Intermediate (WTI) Oil price moves little after registering more than 1.5% losses in the previous session, trading around $58.10 during the Asian hours on Wednesday.…
Australian Dollar moves little following China’s CPI data release
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, recovering its recent losses registered in the previous session. The AUD/USD pair appreciates as the…
China’s CPI inflation arrives at -0.3% YoY in September vs. -0.1% expected
China’s Consumer Price Index (CPI) declined 0.3% in September from a year ago after arriving a fall of 0.4% in August, the National Bureau of Statistics of China reported on…
XAG/USD climbs to near $52.00 on fresh US-China trade tensions
Silver price (XAG/USD) holds positive ground around $51.90 during the early Asian session on Wednesday. The white metal retreats from an all-time high after a historic squeeze in…
Inflation is likely to be stronger than forecast in Q3
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said early Wednesday that recent data has been a little stronger than expected, adding that inflation is likely to…