The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD? The daily price broke Ichimoku cloud to below for the primary daily bearish reversal: the price is 0.6770 support level for the bearish trend to be continuing or for the secondary ranging market condition to be started. more...
Gold prices rebound off psychological support at a critical juncture that has provided a pivot point for the imminent move. The daily price crossed symmetric triangle pattern to below for the primary bearish trend to be continuing and it was stopped by support level at 1688 and psy level at 1700: the price was bounced from those levels to above for the secondary ranging to be started. more...
Employment in the U.S. increased roughly in line with economist estimates in the month of August, according to a closely watched report released by the Labor Department on Friday. more...
Switzerland's retail sales increased in July, data from the Federal Statistical Office showed on Thursday. more...
China's manufacturing sector unexpectedly contracted in August as power cuts and temporary factory closures due to the heatwave dampened production and sales, survey results from S&P Global showed on Thursday. The Caixin manufacturing Purchasing Managers' Index fell to 49.5 in August from 50.4 in July. more...
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