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The Aussie Dollar experienced strength throughout 2017 against its US counterpart with a strong rally to finish the year before forming a double top last week. Over the past week, AUDUSD has fallen almost 2%, following a CPI miss in Australia and a positive earnings report in the United States. Is this a sign of things to come for the remainder of 2018 or will ...
Crude Oil has plunged around 5% today following an OPEC meeting where OPEC members and its allies agreed to extend their oil production cut deal for another 9 months. This move was widely expected by traders before the meeting but they were disappointed that deeper cuts were not announced. The current deal has production cuts of 1.8 million barrels a day but ...
The British Pound has rallied around 500 pips since Theresa May made the announcement for a snap general election. At the time of the announcement, polls were showing that the Conservative Party had a 19% lead over the Labour Party and this was a pound positive as the UK prepared for Brexit negotiations. However, just over a month later, things are not looking as ...