The difference contract is a complex trading tool, and it is risk of rapid losses due to leverage.

You should consider whether to understand how the difference contract operates, and whether you have the ability to bear the high risk of losing funds.

The difference contract is a complex trading tool, and it is risk of rapid losses due to leverage.

You should consider whether to understand how the difference contract operates, and whether you have the ability to bear the high risk of losing funds.

The difference contract is a complex trading tool, and it is risk of rapid losses due to leverage.

You should consider whether to understand how the difference contract operates, and whether you have the ability to bear the high risk of losing funds.

News & Analysis

Market analysis

Market attention to the position of the Chairman of the FedeCarolane de Palmas

2023-07-17 17:01

AUD/USD fluctuated, temporarily at 0.6835, up 0.00%. Economists say the appointment of Michelle Bullock as the next chairman of the Federal Reserve of Australia provides some continuity in the Bank's policies in the context of structural changes.
Latest updates from the Commonwealth of Australia:
Economists are stating that the decision to promote the current Vice Chairman rather than appoint outsiders indicates a strong continuity in the current approach to inflation, which also provides some stability for the structural adjustments made by the Reserve Bank of Australia based on government commissioned reviews. They added that the financial markets will pay special attention to who will be appointed as the new member of the Monetary Policy Committee of the Reserve Bank of Australia.
AUD/USD Technical Analysis:
The latest weakness of the Australian dollar may be related to the pessimistic comments of Australian Finance Minister Jim Chalmers and the optimistic US consumer confidence index data released last Friday. In addition, the cautious sentiment before the release of key Chinese data also allowed AUD/USD bulls to take a breather after last week's significant rise.