Aussie falls to 1 1/2 month low on stronger greenback, expectations of RBA rate cut
The Australian dollar extends steep fall into fourth straight day (down 2.9% from last Friday’s 0.7334 high) and falls to 1 ½ - month low on Wednesday.
Strong risk aversion continues to deflate Aussie, with additional negative signals seen…
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Bears look for strong signal on close below cracked key support zone
Bears cracked strong 1.1700 support zone and hit new lowest in nearly two months on Wednesday, fueled by unexpected drop in EU’s Services and Composite PMI’s in September.
Recovery in Services sector slowed and fell below 50 threshold (Sep…
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Cable cracks key support zone and hits fresh multi-month low
GBPUSD
Cable dipped to nine-month low (1.2675) on Wednesday, in extension of strong fall in past three days, following downbeat PMI data.
The activity in UK Services sector slowed this month (55.1 current vs 58.8 previous month) and…
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German manufacturing sector extends recovery in September but activity in services sector remains…
Solid numbers point to an extended recovery in the German private sector, as increased foreign demand boosted export-oriented manufacturers during September.
Indeed, the manufacturing sector showed the best results as the PMI index rose…
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Gold extends sharp fall on rising dollar
Spot gold price establishes below $1900 as fresh weakness extends into third straight day and hits six-week low in early Wednesday, pressured by rising dollar on risk aversion over renewed coronavirus crisis.
Bears cracked strong support…
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