Markets The by far most eyepopping market move yesterday happened in oil. Prices whipsawed with swings of more than 6% on reports which were later denied that OPEC would consider a 500k production increase in December (see headline below). Other key markets were experiencing a mild risk-off session that spilled over from Asian/Chinese dealings. Stocks […]
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AUD/USD loses ground as RBA meets rate hike expectations. Short-term risk is tilted to the downside. A close below 20-SMA could extend decline. AUD/USD retreated to 0.7134, extending Monday’s losses after the Reserve Bank of Read more…
USD/JPY held near 157.22 on Tuesday following a volatile start to the week. Pressure on the Japanese yen has increased as demand for the US dollar has returned, with investors once again favouring the greenback Read more…