The Australian Dollar scampered higher overnight after the US Dollar took a beating in the wake of the Federal Reserve meeting minutes from earlier this month. The minutes showed a willingness by some board members to step back from the jumbo 75 basis point (bp) hikes that have been seen at four consecutive meetings, including the last one.
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Australia Dollar possible direction in market. Bearish market
Just possible direction of the market. You can drop your observations. But our entry is duly observed
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Possible direction of the market. Market been hitting hard on resistance level but we hope to see bearish move of the market
Market move, yesterday we posted the market possible move And today market gives the profit.
Pressured by the disappointing macroeconomic data releases and the dovish tone seen in the FOMC Minutes, the US Dollar suffered heavy losses against its rivals with the US Dollar Index (DXY losing nearly 1% on Wednesday. The DXY stays on the back foot early Thursday and continues to edge lower despite thin holiday trading. Bond and stock markets in the US will be...