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Australian Dollar Weakens as RBA Caution, Awaiting for Job Data

Key Takeaways: *The Australian dollar eased in strength as the market reacted accordingly to the RBA monetary policy pivot. *Market eyes on Thursday Australian job data to gauge the Aussie dollar’s strength. Market Summary: The Australian dollar (AUD) has softened in recent trading, retreating from its bullish rally that started since April lows as marketsContinue Reading
Gold Rallies Near Two-Month Highs as Geopolitical Tensions

Key Takeaways: *Gold consolidates near key resistance amid Middle East conflict escalation *Israel-Iran conflict fuels demand for safe-haven assets Market Summary: Gold prices rallied to near two-month highs as rising geopolitical tensions and weaker U.S. economic indicators drove investors toward safe-haven assets. Prices are consolidating around key technical resistance levels after Israel launched airstrikes onContinue Reading
Crude Oil Soars on Middle East Tensions and Supply Disruption Fears

Key Takeaways: *Israel launches direct strikes on Iran’s oil and gas infrastructure *Iran’s oil refinery and fuel depots hit, threatening global energy supply *Crude oil spikes to test key resistance amid strong bullish momentum Market Summary: WTI crude oil extended gains this week, rallying toward $72/bbl as escalating Middle East tensions drove Crude oil pricesContinue Reading
Written on June 16, 2025 at 3:18 am
Categories: Daily Market Analysis
Tags: Iran-Israel, oil, OPEC, war
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