AUDUSD
The pair is consolidating at the mark of 0.7100. It’s still under pressure due to the escalating trade conflict between the US and China that may slow the world economy’s growth and decrease the demand for commodities in China, which can result in slower economic growth in Australia.
The …
GBPUSD
The pair is receiving support due to the expectations of the Brexit crisis coming to an end in November. This was hinted at on Monday in the speech of the EU’s Brexit negotiator Michel Barnier.
The price is on the upper Bollinger band, above SMA 5 and SMA 14. …
AUDUSD
The pair is still under pressure as Donald Trump threatens to raise tariffs on Chinese import to 267 billion dollars which worries the investors who expect slower world economy growth and, as a result, weaker demand of raw materials and commodities.
The price is below the lower Bollinger band, …
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