AUD/USD Analysis: Dips to 0.6600, RBA Holds Steady on Neutral Policy – What’s Next?
The AUD/USD currency pair has encountered selling pressure after it experienced a less-assured pullback approaching the 0.6611 level during the Tokyo session. This drawdown has led the Australian currency, often referred to as the Aussie, to resume its downward trajectory in the current market conditions. Following a somewhat tepid response, the AUD/USD pair traded lower […]
“US-China Strains Drive Demand for Secure Assets, Trigger Treasury Yields Retreat!”
US Treasury yields declined on Monday due to a renewed increase in geopolitical tensions, which led to an upswing in demand for bonds. The current fluctuating environment is rendering investments in bond safety plays appealing. Bond yields move inversely to prices, rising as prices fall and vice-versa. The yield on the two-year Treasury Note dropped by 1.2bps […]
“Gold Futures Decline Amid Strengthening US Dollar: Traders Seize Profit Opportunities!”
Gold prices experienced a slight drop on Monday, but remained above $2,000 per ounce. This price movement is due to routine profit-taking, according to one precious metals strategist. Gold futures for June delivery dropped by $10.20, or 0.5%, to $2,016 per ounce on the Comex. A stronger U.S. dollar also contributed to the decline in […]