AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision.
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AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision.
from DailyFX – Market News https://bit.ly/3P7UjhH
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The Japanese Yen dipped today as GDP weighs and the US Dollar regains its ascendency with building concern for a significant slowdown next year. Where to for USD/JPY?
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The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD rally?
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Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern.
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The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent rebound in VIX, but it is likely to bolster the weight of technical barriers from the likes of the S&P 500 and USDJPY.
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