All the majors entered their consolidation ranges today ahead of the NFP report except AUD/USD.
In spite of the fact the dollar is not in its best shape, AUD/USD is inching south. The Aussie has been under pressure ever since the Asian session, when Australia published the retail sales report with highly disappointing results.
Sales fell 0.6% to 2.1% m/m. Here we ...
The moves of AUDUSD this morning are indicative. The Reserve Bank of Australia monetary meeting confirmed the regulator is not happy with the recent sharp rise of AUD. Moreover, the central bank claimed rising aussie would lead to slower economic growth.
However, the pair tried to move higher on the comments touching 0.7958 this morning. The market expected from ...
AUDUSD has gained 150 pips during a couple of days. But what war the trigger, and is it really the start of a new rally?
It’s always worth watching the market sentiment, and its reaction to economic events. If an indicator came out above expectations, and the currency was not able to show a strong appreciation, it’s the sign of a looming retreat. Today we saw ...
AUDUSD has neared strong technical support at 0.79, and the speed at which the pair breaks it through will determine the speed of further AUD depreciation.
We need to remember that Australian economy is very sensitive to local currency appreciation, as it hurts trade and tourism activity due to more expensive goods and services. Given China is one of the key trade ...
Last week AUDUSD reached 1.8065, not seen since May, 2015. But the very same day it started to fall. Is it the start of bearish trend, or just a correction before another jump higher?
This week we have all the chances to understand the right direction. Till the last moment Australian dollar ignored any negative factors both from economy and the Reserve Bank of ...
AUDUSD got stuck around strong resistance 0.7980 failing to break it through during the last 5 days. This may signal the start of a bullish trend reversal. The only barrier on its way is USD weakness.
Today, Australian Dollar came under pressure of two factors – weaker than expected CPI and dovish comments of the RBA’s Lowe. Wehavealreadytalkedaboutitrecently. ...
