AUD/USD to inch higher gradually towards last August high of 0.7090/0.7130 – SocGen
AUD/USD has broken into 0.70 handle for the first time since August. Economists at Société Générale expect the pair to head toward the 0.7090/0.7130 region. Defending 0.6830 crucial for further up move “AUD/USD has overcome the 200DMA first time since giving it up in April last year; this affirms persistence in upward momentum.” “Defending the Moving […]
Crude Oil Prices Inch Up Amid Winter Storms in US
Crude oil spot prices inched up towards 80 USD per barrel amid a spike in demand for heating fuel, and fierce winter storms in the US and Canada. Market expectations of a recession in 2023 weighed on crude oil prices for most of December. These were countered by winter storms and improved global growth prospects […]