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Editors’ Picks
AUD/USD bounces off 0.6350 ahead of Chinese data
AUD/USD rebounds from 0.6350 in the Asian session on Monday, helped by the US Dollar pullback. Traders will keep an eye on the Chinese data dump and preliminary US December Purchasing Managers Index on Monday ahead of the Wednesday’s Federal Reserve interest rate decision.
Gold price consolidates as traders seem reluctant ahead of Fed meeting
The Gold price oscillates around the $2,650 area as traders keenly await the outcome of the crucial FOMC meeting for cues about the future rate-cut path and before placing fresh directional bets. In the meantime, geopolitical risks and trade war fears could support the safe-haven precious metal, though bets for a less dovish Fed should cap the upside.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
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