AUD/USD bearish after RBA’s widely expected 25bps rate hike

The AUD/USD took a dive after the Reserve Bank of Australia (RBA) raised the benchmark cash rate by 25 bps (basis points). Source: TradingView The Reserve Bank is trying to control inflation, which is currently at a three-decade high. The move leaves the door open for further rate hikes, raising concerns that the reserve bank... Continue Reading →

XAU/USD traders brace for the key data/events on Monday

Gold prices (XAU/USD) remain stagnant at around $1,855 as traders brace for major market releases today (Monday, March 6, 2023).  Traders are keeping a keen eye on several headlines including China’s inflation data, Fed Chair Powell’s testimony, and the US NFP. Source: TradingView There is also the US Dollar’s indecisiveness despite a retracement in the... Continue Reading →

Up ↑