The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US CPI data.
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The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US CPI data.
from DailyFX – Market News https://bit.ly/3Undu8V
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The recent rise in the price of gold may unravel if it fails to push above the October high ($1730).
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The S&P 500 slumped on Wednesday on risk-off sentiment as traders awaited the results of the U.S. midterm elections and the October inflation report due Thursday morning.
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Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss US inflation data and the US midterm elections.
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The U.S. October inflation report could cause significant volatility in the currency market on Thursday, with the results likely to set the near-term trading bias for the EUR/USD.
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