The Australian Dollar spike lower after second quarter GDP confirmed the country had entered its first recession in almost 30 years. The RBA’s mention of further monetary measures may weigh on AUD in the near term Escalating tensions with China could fuel
Gold has climbed nearly 30% in the year to date as central banks fill the global economy with stimulus With little end in sight, gold may continue to benefit from looser monetary policy and low interest rates That said, gains may require periods of consol
The two major AUD-crosses have started to poke their heads above key technical resistance, suggesting that the recent consolidations in August will yield bullish breakouts. The September RBA rate decision and Q2’20 Australia GDP report should bring a boos
Gold prices opened August with a bang but that strength didn’t last beyond the first week of the month. Gold put in a bearish engulfing pattern on August 7th and the next week was brutal, with Gold prices retracing as much as $200 over a few days. Since t
GBP/USD set a fresh 2020 high to finish the week. As looked at earlier in August, the bullish side of GBP/USD could be of interest for strategies based around USD-weakness. As is often the case with fresh breakouts, the big question now is ‘what’s next?’
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