FX

AUD/USD remains on the back foot around 29-month low. Trend widening formation, oversold RSI could restrict short-term downside. 50-SMA could test immediate upside, May 2020 bottom can probe bears. AUD/USD bears attack the 0.6600 threshold while refreshing the multi-month low during Thursday’s Asian session. In doing so, the Aussie pair remains inside a falling megaphone
Gold gets a respite, bolstered by increasing tensions between Russia-Ukraine. The US Dollar Index hits a two-decade high above 111.000, the highest since 2007. Gold Price Analysis: Downward biased, despite jumping from weekly lows, boosted by Putin’s commentary. Gold price snaps two days of consecutive losses and climbs, despite broad US dollar strength, courtesy of
GBP/USD recovers some ground after hitting 1985’s lows, ahead of next week’s BoE/Fed decisions The British pound trims its earlier losses against the greenback after hitting a 37-year low around 1.1350, and recovers the 1.1400 thresholds after registering weaker-than-estimated retail sales, fueled speculations of the UK’s tapping into a recession. At the time of writing,
HKD rallied more than 300% on Wednesday. HKD has charged up more than 57% toward $300 on Thursday. AMTD Digital was halted 11 times during Wednesday’s session. AMTD Digital (HKD), the Chinese penny stock that was momentarily worth more than Walmart (WMT) back in early August, is once again making waves. It opened about 34%