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AUD/USD struggles to lure buyers; focus remains on FOMC meeting
AUD/USD trades with a positive bias for the second straight day, albeit it lacks bullish conviction and remains close to the YTD low touched last week. China's economic woes, US-China trade war fears and the RBA's dovish shift continue to act as a headwind for the Aussie.
Ripple's XRP could rally to $4.75 as RLUSD set to officially launch on Tuesday
Ripple confirmed in a press release on Monday that its RLUSD stablecoin will officially launch on Tuesday across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx.
USD/JPY drops back below 154.00 ahead of US Retail Sales data
USD/JPY sees fresh selling and gives up 154.00 in the Asian session on Tuesday. The Japanese Yen seems to draw support from Japanese commnetary and a softer risk tone. A broad US Dollar weakness also undermine the pair ahead of the US November Retail Sales report.
Gold price stuck in a range around $2,650 as traders await Fed decision
Gold price extends its sideways consolidative price move during the Asian session on Tuesday as traders await the highly anticipated FOMC policy decision before placing directional bets. In the meantime, bets for a less dovish Fed, elevated US bond yields and a positive risk tone should cap the XAU/USD.
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Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
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