Australian Dollar underperforms as revived Mideast risks drag risker assets

Australian Dollar underperforms as revived Mideast risks drag risker assets

The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.75% to near 0.6875 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces intense selling pressure as fears that the war in the Middle East will last long have revived the risk-off impulse, following United States […]

Euro stands tall above 0.8700 in risk-off markets

Euro stands tall above 0.8700 in risk-off markets

EUR/GBP’s reversal from one-month highs at 0.8740 found buyers right above 0.08700 on Wednesday, and the pair has trimmed losses on Thursday, returning to the 0.8720 area at the time of writing. The Euro (EUR) seems to be faring better than the British Pound (GBP) amid the risk-averse market mood, and keeps the bullish bias […]

Bulls eye breakout through $100 on Trump’s Iran threat

Bulls eye breakout through 0 on Trump’s Iran threat

West Texas Intermediate (WTI) Crude Oil prices caught aggressive bids on Thursday and rallied closer to the 100.00 psychological mark during the Asian session following US President Donald Trump’s Iran war update. Addressing the nation, Trump said that Iran will be hit extremely hard over the next two to three weeks and will be brought […]