Australian Dollar edges higher to near 0.6950 on RBA hawkish rhetoric

Australian Dollar edges higher to near 0.6950 on RBA hawkish rhetoric

The AUD/USD pair attracts some buyers to near 0.6950 during the Asian trading hours on Friday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on hawkish rhetoric from the Reserve Bank of Australia (RBA). RBA Assistant Governor Sarah Hunter said on Wednesday that the board will act as needed to return inflation to […]

Rejection at the 200-day SMA keeps bears in control

Rejection at the 200-day SMA keeps bears in control

West Texas Intermediate (WTI) crude Oil edges lower on Thursday, erasing all of the previous day’s gains as traders reassess the supply risks stemming from renewed US-Iran tensions. At the time of writing, WTI is trading around $71.75, down 3.77% on the day. Crude Oil prices surged earlier this week after the United States and […]