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GBP/USD bears clawed back gains today as investor apprehension grips global markets, while UK housing data misses expectations.

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The Australian Dollar went lower immediately after the RBA raised the cash rate target by 0.50% to 1.85%, as anticipated but the statement was interpreted as less hawkish.

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Crude oil prices fell nearly 5% on Monday, starting the month off on a sour note. A weak Chinese PMI reading added to already ailing economic growth prospects, dragging sentiment despite a tightly …

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The price of gold may mirror the price action from June if it fails to push above the 50-Day SMA ($1793).

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