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AUD/USD defies Iran war jitters as RBA hike bets double
The Australian Dollar rallies for the fourth straight day against the US Dollar as market mood remains positive amid high tensions in the Middle East, pointing to a resumption of hostilities, as reported by recent news. Despite this, the AUD/USD trades at 0.7027, up 0.44%.
EUR/USD advances past 1.1200 amid a cautious trade
EUR/USD manages to further extend its multi-day recovery on Wednesday, navigating the area above the key 1.1200 barrier. A slight retracement in the US Dollar helps the pair maintain its upbeat tone amid mixed US Treasury yields and lack of relevant news on the geopolitical front.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold advances modestly; targets $4,150
Gold prices manage to reverse three consecutive daily declines, trading just below the $4,150 mark per troy ounce on Wednesday. The precious metal’s recovery comes amid a slight drop in the US Dollar, mixed US Treasury yields across the board and a widespread cautious tone from the US-Iran front.
XRP and XLM regain momentum as derivatives activity picks up
Ripple and Stellar are regaining momentum on Wednesday, mirroring gains across major digital assets. XRP has climbed above $1.36, while XLM has reached $0.1854, reinforcing support levels recently tested. This gradual price increase comes amid sticky inflation in the United States and ahead of the Federal Reserve’s monetary decision next week.
Netflix shares slide 5% despite Q3 earnings beat
Netflix (NFLX) stock sank 5% afterhours after the streaming company post a decent earnings beat. Netflix posted GAAP earnings per share of $0.87 or 5 cents above the Wall Street consensus. Revenue of $12.87 billion was in-line with consensus and rose 12% YoY. But shares fell about 5% from their close at $68.70 to the ~$65 range.
PRESS RELEASES
When everyone is a trading expert, DailyForex asks: Who is checking the facts?
AI-generated market forecasts, social media trading gurus, and automated broker rankings have made financial advice easier to find than ever. But more information does not necessarily mean better decisions.
TradingView launches AI Copilot, an AI assistant that works directly on your charts
TradingView has launched AI Copilot, an AI assistant built into Supercharts that both answers market questions and carries out actions on your chart, grounded in TradingView data.
Mastering the long game: An exclusive interview with Diego Forlán
In a conversation about ambition, pressure and perspective, Forlán reflects on the work behind the highlights and the lessons he has taken into his partnership with OneRoyal.