XtremeMarkets

Gold Prices Move Higher on Signs of a Weakening US Job Market

Gold Prices At Seven-Week Highs as US Jobs Data

Gold prices rose in Asian trading on Wednesday, approaching a nearly seven-week high. The PMs traded above $4,300 amid a negative tone in the US labour market, which was weighing on the Dollar. To retail investors, that gain represents an increasing bet that US interest rates could further soften in the months ahead – something that […]

Australian Dollar falters as Strong USD and Rate Hikes Play on Traders’ Minds

Australian Dollar Slips as Strong USD and RBA Bets Grow

On Wednesday, the Australian dollar continued its persistent slide versus the greenback for the fifth straight session.  AUD/USD: Dismal Australian data hurt the Aussie. The AUD/USD pair is seen near 0.6630 at press time, with a couple of bearish setups eyeing further weakness this Wednesday, supported by a positive US Dollar and diminishing expectations of […]