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Editors’ Picks









AUD/USD: Further upside still on the cards


AUD/USD: Further upside still on the cards

AUD/USD briefly surpassed the 0.6700 hurdle for the first time since October 2024. The move, however, lost traction on the back of the post-Powell recovery in the US Dollar. In the meantime, the Aussie should remain under scrutiny in light of the upcoming labour market report in Oz.










EUR/USD: Constructive outlook remains in place


EUR/USD: Constructive outlook remains in place

EUR/USD clocked fresh multi-year tops north of 1.1900 the figure soon after the Fed delivered a 25 basis point cut at its gathering today. The bullish attempt lost impulse in response to Chief Powell’s hawkish views, leaving spot on the defensive and hovering around the low-1.1800s ahead of the opening bell in Asia.










Gold remains offered near $3,660


Gold remains offered near $3,660

Gold prices surged to a record high near $3,710 per troy ounce after the Federal Reserve slashed interest rates, although they reversed the move and returned to the negative territory around $3,660 in response to Chairman Jerome Powell’s presser.












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