Australian Dollar Holds Steady as Fed Cuts Loom, RBA Seen on Pause
The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Wednesday after two days of gains, though downside pressure remains limited. Rising expectations of multiple Federal Reserve (Fed) rate cuts could weigh on the greenback and help support AUD/USD. US Data and Fed Outlook US Retail Sales rose 0.6% month-on-month in August, matching […]
WTI Price Forecast: Holding Steady Around $64.00, Bulls Retain Control
West Texas Intermediate (WTI) crude oil prices are consolidating near the $64.00 mark in Wednesday’s Asian session after three days of recovery gains. The commodity remains supported by concerns over potential Russian supply disruptions. Technical Outlook From a chart perspective, Tuesday’s breakout above a short-term ascending trend channel—formed from this month’s multi-month low—has strengthened the […]