Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892 The Australian Dollar surged to the upside on Friday and finished the session higher in the wake of a weaker-than-expected U.S. jobs report. Optimism over the impact of the U.S.-China trade deal may have also played a role in encouraging short-sellers to book profits after […]

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance AUD/USD has continued to trade within the confines of this ascending pitchfork formation extending off the October / November lows with daily resistance eyed at the median-line / 61.8% retracement at 6927 – a topside breach / close above is needed to validate a […]

Australian Dollar: USD/AUD (AUD=X) trying to break out

Australian Dollar: USD/AUD (AUD=X) trying to break out

Australian Dollar: USD/AUD (AUD=X) trying to break out The Australian dollar has rallied a bit during the trading session on Monday, breaking above the 0.69 level before pulling back a bit. However, this is a market that is trying to break out, and if we can clear the top of the range for the trading […]

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892 The Australian Dollar surged to the upside on Friday and finished the session higher in the wake of a weaker-than-expected U.S. jobs report. Optimism over the impact of the U.S.-China trade deal may have also played a role in encouraging short-sellers to book profits after […]

Australian Dollar: USD/AUD (AUD=X) Continues To Hover

Australian Dollar: USD/AUD (AUD=X) Continues To Hover

Australian Dollar: USD/AUD (AUD=X) Continues To Hover The Australian dollar has gone back and forth during the trading session on Thursday, as we continue to hang around the 50 day EMA. We are sitting just above the previous downtrend line though, so it’s very likely that the buyers will come in and try to pick […]

Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low

Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low

Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low The Australian dollar has fallen back below 69 US cents and is weaker against a basket of currencies, as the US dollar rises after America’s trade deficit fell to a three-year low. The Australian dollar traded above 70 US […]

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls After starting the first full week of the new year in a decidedly “risk off” position, markets are recovering into the US session close. For FX traders, the Australian dollar has long been the quintessential pro-growth currency, at least among the developed market majors, and the price […]

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 0.69. The projected upper bound is: 0.70. The projected lower bound is: 0.69. The projected closing price is: 0.69. Candlesticks A black body occurred (because prices closed lower than they opened). […]

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle The Australian dollar pulled back just a bit during the trading session on Thursday, showing signs of exhaustion near the 0.70 handle as you would expect. This is a large, round, psychologically significant figure so there will be a lot of interest in […]

Australian Dollar: USD/AUD (AUD=X) Trader Reaction to .6995 Set Today’s Tone

Australian Dollar: USD/AUD (AUD=X) Trader Reaction to .6995 Set Today’s Tone

Australian Dollar: USD/AUD (AUD=X) Trader Reaction to .6995 Set Today’s Tone The Australian Dollar is grinding higher on Tuesday in another holiday thinned session. The catalyst behind the move is the news that China’s manufacturing sector managed to stay in expansion territory this month. China’s official Purchasing Managers index was 50.2, a tick above the […]

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again The Australian dollar rallied a bit during the trading session on Monday, reaching towards the 0.70 level, a psychologically important figure to say the least. That being said though, although we have had a massive breakout to the upside it’s likely that we need a bit of a […]

Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out

Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out

Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out The Australian dollar rallied rather significantly during the week, breaking towards the 0.70 level. I think at this point it’s very likely that we will see a lot of resistance in that area, due to the fact that it is a large, round, psychologically significant figure. With […]

Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939

Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939

Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939 Optimism over the U.S.-China trade deal continues to bring in enough buyers to underpin the Australian Dollar. However, the buying volume is a little light due to the holiday season, and uncertainty over whether the Reserve Bank of Australia (RBA) will lower […]

Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher

Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher

Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher The Australian dollar has pulled back significantly during the week but found buyers to turn things around and rally again. The massive shooting star from the previous week is a negative sign but it looks as if we are trying […]

Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut

Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut

Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut The Australian and New Zealand Dollars are trading mixed on Thursday in reaction to several key economic reports. The Aussie is being supported by a jobs report that indicated the employment situation was starting to stabilize. The news also trimmed the […]

Australian Dollar: USD/AUD (AUD=X) Continues To Grind Sideways

Australian Dollar: USD/AUD (AUD=X) Continues To Grind Sideways

Australian Dollar: USD/AUD (AUD=X) Continues To Grind Sideways The Australian dollar initially fell during trading on Monday, but then turned around to rally, only to give back gains again. Ultimately, the Australian dollar looks like it is essentially stuck in this area as there are a lot of questions as to what we are going […]

Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data

Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data

Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data The Australian and New Zealand Dollars are trading higher on Monday as investors react to stronger-than-expected economic data from China, while continuing to digest the trade deal between the United States and China that was announced on Friday. There is some uncertainty over the details […]

Australian Dollar: USD/AUD (AUD=X) continues to be very volatile

Australian Dollar: USD/AUD (AUD=X) continues to be very volatile

Australian Dollar: USD/AUD (AUD=X) continues to be very volatile The Australian dollar has had a volatile session during the trading session on Friday, initially breaking above the 200 day EMA and the 61.8% Fibonacci retracement level before turning around. With so much up in the air when it comes to the trade war, it’s not […]

Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020 Over the last month it has traded down to as low as USD0.676 and back to USD0.683. Eff ectively the AUD has traded in the USD0.67 to USD0.70 range since late July. Westpac last changed its AUD call on […]

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold The Australian share market is expected to open lower this morning despite some modest gains on Wall Street overnight after the US central bank kept interest rates unchanged. The SPI200 futures contract was down 29 points, or 0.4 per cent, at 6722 at about […]

Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794

Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794

Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794 The Australian Dollar is edging lower early Tuesday as traders react to an unexpected jump in Chinese consumer inflation and the lack of fresh news over U.S.-China trade relations as another round of tariffs by the United States on Chinese […]

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level The Australian dollar has rallied a bit during the trading session on Friday, as we continue to see a bit of consolidation near the 0.6850 level. Remember, the Australian dollar is highly sensitive to the US/China trade situation, and it […]

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections The New Zealand and Australian Dollars finished mixed on Wednesday with the Kiwi posting a gain and the Aussie closing unchanged. Both currencies posted two-sided price action before rallying […]

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher The Australian dollar has rallied a bit during the trading session on Tuesday but gave back quite a bit of the gains due to Donald Trump suggesting that the trade deal might be better served happening after the election. If that’s going to be the case, that […]

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight USD Down on Manufacturing Miss The US dollar has been under pressure over early trading on Tuesday as the reaction from yesterday’s data miss continues. The US ISM Manufacturing print for November came in below expectations at 48.1 vs 49.2 expected. Marking the fourth straight month in contractionary territory, the reading is […]

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation The Australian dollar has taken off to the upside during the trading session on Monday, reaching towards the 50 day EMA by the time New York opened. With that being the case, it looks as if we are trying to make […]

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving The Australian dollar initially tried to rally during the week but then drifted lower to reach the 0.6775 handle, and perhaps even a little bit lower. At this point though, the market has a lack of volume as Thanksgiving would have been […]

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal The Australian dollar has struggled a bit during the trading session to find any footing, but that should not be much of a surprise as we have seen this market struggle for direction as the […]

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020 The Australian and New Zealand Dollars are inching lower on Wednesday on low volume. The tight trading range this week suggests many of the major players are on the sidelines ahead of the U.S. bank holiday on Thursday. Aussie and Kiwi investors […]

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone Australian consumer confidence decreased ahead of the key holiday shopping season, but a phone call between officials from the US and China has once again grabbed the headlines. According to the Chinese Ministry of […]

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come […]

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come into play. Traders read the summary to […]

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal The Australian Dollar is trading lower on Wednesday. The pressure is coming from renewed concerns over a U.S.-China trade deal, a stronger U.S. Dollar and dovish Reserve Bank minutes. Traders are worried that negotiations between the two economic powerhouses have […]

Australian Dollar: USD/AUD (AUD=X) Continues To Grind

Australian Dollar: USD/AUD (AUD=X) Continues To Grind

Australian Dollar: USD/AUD (AUD=X) Continues To Grind The Australian dollar has initially tried to rally during the trading session on Monday, only to turn around and show weakness again. Ultimately, this is a market that looks very likely to continue to see a lot of noise around it as the Australian dollar is so sensitive […]

Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines

Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines

Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines The Australian Dollar is trading slightly lower on Monday. There has been no follow-through to the upside following Friday’s strong rebound rally, following the prior session’s steep sell-off. The trading range is tight as most of […]

Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia

Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia

Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia The Australian Dollar closed lower last week with most of the loss occurring on November 14  after the Australian 10-year government bond yield slumped to over a 1-week low after the country’s employment report […]

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior The Australian dollar has shown signs of erratic behavior over the last 24 hours but this should not be a huge surprise considering that we continue to have mixed messages coming out of the trade war between the United States and China. However, part of the resiliency that […]

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact On Oct 31 AUD/USD rose to a multi-month high at 0.6929. Later, buyers tried to rally the price further however, they have not been successful in overtaking this level. Similarly, NZD/USD rallied at the start of this week to 0.6460 – its highest level in over two […]

Australian Dollar: USD/AUD (AUD=X) momentum trending lower

Australian Dollar: USD/AUD (AUD=X) momentum trending lower

Australian Dollar: USD/AUD (AUD=X) momentum trending lower The Australian Dollar is trading higher on Tuesday, recovering from early session weakness, after Reserve Bank of Australia policymakers decided to hold policy steady at 0.75%, as expected, while upgrading forward-guidance. The final paragraph of the RBA’s monetary policy statement is steering Aussie Dollar prices higher. In it, […]

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support The Australian Dollar has is down more-than 0.3% against the US Dollar since the start of the week with Aussie now testing monthly uptrend support. These are the updated targets and invalidation levels that matter on the AUD/USD price charts. In my latest Australian Dollar Price […]

Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales

Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales

Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales AUD/USD sparkled last week, jumping 1.3 percent. This was the pair’s best week since early September. This week features the RBA rate decision and retail sales. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. Australian CPI came in […]

Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal

Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal

Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal The Australian Dollar has enjoyed an impressive rally throughout October with both AUD/USD and AUD/JPY climbing roughly 2%. The technical outlook for AUD price action turns less sanguine, however, as the Aussie pivots lower after touching a major level of confluent resistance. […]

The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite

The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite

The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite The Australian and New Zealand dollars traded higher on the back of risk appetite. Data from Australia was also good with price pressures rising slightly in the third quarter. On a quarterly basis, CPI rose 0.5%, which was in […]

Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe

Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe

Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe Australian CPI is released each quarter, magnifying the impact of each release. The indicator posted a gain of 0.6% in the second quarter, but is expected to tick lower to 0.5% in Q3. A reading which misses the forecast […]

Australian Dollar: USD/AUD (AUD=X) resistance at 6833

Australian Dollar: USD/AUD (AUD=X) resistance at 6833

Australian Dollar: USD/AUD (AUD=X) resistance at 6833 Aussie is approaching near-term uptrend support at 6801/09. Initial resistance at 6833 backed by 6854- breach there is needed to mark resumption. A downside break threatens a larger correction with such a scenario 6777. Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 0.69. The projected lower bound […]

Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs

Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs

Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs AUD/USD climbed to 6-week highs early last week, but was unable to consolidate and lost ground last week. This week features CPI and Chinese manufacturing PMIs. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. There were no major Australian […]

Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall

Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall

Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall The Australian dollar initially try to rally during the training session on Thursday but then felt to break down below the bottom of the hammer that had formed during the previous day. That being said, it looks as if we are […]

Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year

Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year

Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year The Australian Dollar was softer across the board Wednesday as the U.S. greenback stabilised and optimism about progress in the Brexit process ebbed, leading one trader to tip more losses in the short-term, but institutional views on the outlook for the Aussie do […]

Australian Dollar: USD/AUD (AUD=X) In the Green

Australian Dollar: USD/AUD (AUD=X) In the Green

Australian Dollar: USD/AUD (AUD=X) In the Green Last week, Aussie and Kiwi Dollar corrected higher against US Dollar. On Friday, AUD/USD closed the weekly candlestick with a 0.9% gain. Meanwhile, NZD/USD ended the weekly session with nearly 0.8% gain. Alongside this, the relative Strength Index (RSI) crossed above 50 reflecting the end of the downtrend […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Up Headlines Crude Oil prices were little changed Tuesday Gold prices steady as US-China trade optimism sparks market cheer Investors await FOMC meeting at the end of the month Gold: Gold was muted Tuesday, weighed down by buoyant Asian shares that cheered […]

Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets

Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets

Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets The Australian Dollar climbed for a fourth consecutive session Monday as an upbeat mood in global markets continued to lift risk assets but analysts are divided over the outlook, with some telling clients the antipodean unit’s rally could soon fizzle out […]

Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang

Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang

Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang The Australian Dollar spent most of last week rallying against major currencies such as the US Dollar and Japanese Yen but underperformed against the British Pound. Domestically, it could thank a drop in Australian unemployment which almost entirely took off bets of a November RBA rate cut. Meanwhile, hopes of a Brexit deal […]

Australian Dollar: USD/AUD (AUD=X) launches higher

Australian Dollar: USD/AUD (AUD=X) launches higher

Australian Dollar: USD/AUD (AUD=X) launches higher The Australian dollar launched higher during the trading session on Thursday, breaking above the 50 day EMA in a relatively strong sign for the Aussie. However, at the end of the day we still have significant headwinds above and from a fundamental standpoint. The Australian dollar has rallied rather significantly during […]

Australian Dollar: USD/AUD (AUD=X) looking at the 0.6750 level as fair value

Australian Dollar: USD/AUD (AUD=X) looking at the 0.6750 level as fair value

Australian Dollar: USD/AUD (AUD=X) looking at the 0.6750 level as fair value The Australian dollar initially tried to rally during the trading session on Tuesday as the market continues to see a lot of resistance above. Ultimately, the 50 day EMA causes quite a bit of technical damage, and at this point the fact that […]

Australian Dollar: USD/AUD (AUD=X) Sellers may come back

Australian Dollar: USD/AUD (AUD=X) Sellers may come back

Australian Dollar: USD/AUD (AUD=X) Sellers may come back Last week, US Dollar softened slightly against Australian and New Zealand Dollars. On Friday, AUD/USD closed in the green with a 0.3% gain. Meanwhile, NZD/USD closed with nearly 0.4% gain. However, since Monday sellers resumed pressing the price to the downside, hinting to a possible continuation of bearish price action. The relative […]

Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value

Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value

Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value The Australian dollar has pulled back to fair value during the trading session on Monday as we continue to see a lot of noise when it comes to the US/China trade talks, essentially going nowhere as expected. Unfortunate for Australia, the Australian dollar is highly sensitive […]

Australian Dollar: USD/AUD (AUD=X) upward momentum builds

Australian Dollar: USD/AUD (AUD=X) upward momentum builds

Australian Dollar: USD/AUD (AUD=X) upward momentum builds AUD/USD briefly eclipsed its downward sloping trendline after jumping above its 50-day SMA early during Friday’s trading session. I noted earlier that the Australian Dollar hinged on US-China trade talks and progress made by the US and China this week toward reaching a trade deal (deemed a phase 1 trade agreement by […]

Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion

Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion

Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion Risk aversion is kicking in at the onset of Thursday’s Asia Pacific trading session. The sentiment-linked Australian and New Zealand Dollars are falling alongside S&P 500 and Nikkei 225 futures. Meanwhile, the anti-risk Japanese Yen and similarly-behaving Swiss Franc are outperforming against their major counterparts. The souring in market mood can be traced […]

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower Metals and miners have been bouncing after forming interim cycle lows. Our work supports a failed rally that should terminate by mid-October. A trade deal with China (partial or otherwise) could trigger the next selloff in gold. We use cycles to time key turning points in precious metals. […]

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal

Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal The recent rebound in AUD/USD continues to unravel as China signaled it would retaliate against the Trump administration for blacklisting 8 tech companies, with China’s Foreign Ministry spokesman, Geng Shuang, urging the US to “immediately correct its mistake, withdraw the relevant decision and stop interfering […]

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks US-China trade relations have been at a standstill since mid-September when it seemed Sino-American tensions were thawing amid “gestures of good will” from both parties. With a lack of adverse updates on the trade war between Washington and […]

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X)

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X)

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X) The week has started on a down note, as Australia’s AIG Construction Index dropped to 42.6 in September, down from 44.6 a month earlier. The index has been mired in contraction territory (below the 50-level) for 13 successive months, as the construction sector continues to struggle. […]

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June The RBA remains busy, as policymakers lowered rates for the third time since June. The Aussie lost ground after the move, but recovered late in the week. Building Approvals declined 1.1%, marking a third successive decline. Retail sales […]

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures AUD/USD is recovering after trading weaker early on Thursday following the release of trade balance and services PMI figures. At the time of writing, AUD/USD is trading at around 0.6719. According to data released by Markit earlier today, the Australian […]

Singapore: STI Index (.STI) shares sink on trade, recession fears

Singapore: STI Index (.STI) shares sink on trade, recession fears

Singapore: STI Index (.STI) shares sink on trade, recession fears Singapore shares continued to take a beating as trading resumed on Thursday afternoon (Oct 3), after the United States opened a new trade war front with Europe and lacklustre US jobs data exacerbated recession fears. The Straits Times Index was down 0.92 per cent or […]

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows It’s been a rough year of 2019 for the Australian Dollar, and this extends a down-trend that’s been in-effect in AUD/USD since early-2018. Coming into the New Year, AUD/USD showed a ‘flash crash’ to slalom down to a low of .6744; but as risk aversion took a hiatus on the […]

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure The Australian Dollar is finding itself under pressure against the US Dollar as it attempts to push through the March 2009 low again. This is ahead of the October Reserve Bank of Australia interest rate announcement, which could produce monetary-policy-based volatility in the currency as markets widely anticipate a cut. Will support hold? On […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Firm Headlines Crude Oil prices recover after output from US, Russia, OPEC fall Asian shares firm as investors stay hopeful on US-China disputes Gold fell to a 2 month low on the back of a strong Buck, last trading at $1,468.50 oz. Gold: […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year The RBA will kick off the fourth quarter of the year with its October interest rate decision slated for Tuesday at 4:30 GMT and brings Australian Dollar currency pairs into focus. The previous RBA monetary policy statement noted that […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Dips, USD Little Changed, Crude Oil Off, Stocks Flat Headlines Asian shares mostly flat to unchanged Major currencies were little changed in early trade Crude Oil shares fall on potential limit on China investments Gold prices dip as fears of widening trade war ease Gold: Gold prices dip as fears of widening trade war ease […]

Australian Dollar: USD/AUD (AUD=X) Under Pressure as RBA Poised to Cut Rates

Australian Dollar: USD/AUD (AUD=X) Under Pressure as RBA Poised to Cut Rates

Australian Dollar: USD/AUD (AUD=X) Under Pressure as RBA Poised to Cut Rates AUD/USD traded sideways last week, after sustaining sharp losses a week earlier. The upcoming week is busy, with 10 events. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. PMI reports are good indicators of economic growth, and the September […]

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days

Australian Dollar: USD/AUD (AUD=X) faces losses over coming days The Australian Dollar crept higher against many rivals in the morning session Thursday but is being tipped as vulnerable to fresh losses over the coming days, with strategists at Westpac saying the market is unprepared for a likely Reserve Bank of Australia (RBA) interest rate cut next week.  Reserve Bank of Australia Governor […]

Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support

Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support

Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support The late-Q3 impasse in the US Dollar continues to hold as the Greenback remains in a range despite a number of big drivers showing over the last couple of weeks. The European Central Bank rate decision and announcement of stimulus was unable to do it, as was the FOMC rate […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Off Headlines Asian stocks rattled, seeing Trump impeachment bid raises new risks Gold steady as President Trump’s impeachment inquiry stokes risk-off mood Crude Oil futures declined on concerns of political uncertainty and US-China trade Gold:  Gold prices were trading steady Wednesday, just below a nearly 3-wk high hit […]

Australian Dollar: USD/AUD (AUD=X) Trading Lower

Australian Dollar: USD/AUD (AUD=X) Trading Lower

Australian Dollar: USD/AUD (AUD=X) Trading Lower Looking at the daily chart, we notice on Sep 19 AUD/USD declined to a lower trading zone 0.6826 – 0.6904 eyeing a test of the low end of it. Thus, a close below the low end could see further bearish move towards 0.6631. However, the weekly support area and […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Headlines Crude Oil falls as focus shifts from Saudi supply to global demand concerns Global stocks up on trade hopes, growth fears temper gains Gold steady below 2-week peak but trade talk hopes weigh Gold: Gold prices are steady Tuesday, having risen to a more than […]

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report

Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report AUD/USD recorded sharp losses last week, with a decline of 1.7%. It was the Aussie’s worst week since mid-July. There are only two events in the upcoming week. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. The Australian dollar continued to post […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Up, USD Soft, Crude Oil Up, Stocks Up Headlines US-Chinese trade deputies face-off in Washington Asia’s economic hopes support shares Crude Oil edges up on Mideast tensions Gold up as softer USD and Gulf tensions support Gold: Gold prices up Friday and were headed for their 1st weekly gainer in 4-5, supported by a softer […]

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising The Australian Dollar was crushed Thursday in the wake of an August jobs report that showed the unemployment rate rising, which is tipped by Wesptac to incite further interest rate cuts from the Reserve Bank of Australia (RBA) and a return to a decade-long low by the antipodean […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Flat, USD Firm, Crude Oil Up, Stocks Down Headlines Gold flat to little changed after Fed outlook disappoints Asian shares lower on guarded Fed Crude Oil prices settle after turbulent week, Saudi reassures on output Gold: Gold prices were little changed Thursday after declining up to 1% in Wednesday, as lack of clarity on the […]

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed Continued attempts for the Australian Dollar to US Dollar (AUD/USD) exchange rate to recover from its weekly lows have been limited, as the pair still trended just slightly above those lows at the time of writing on Wednesday afternoon. Investors remained hesitant to buy the […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Firm, Crude Oil Off, Stocks Steady to Up Headlines USD holds firm, -0.03% to 98.288. Crude Oil jitters ease Gold prices steady in cautious mood China stocks rise ahead of expected Fed rate cut Gold:  Gold prices were little changed Wednesday as investors maintained a cautious stance ahead of the conclusion of FOMC […]

Gold’s Market Price Hanging in Place

Gold’s Market Price Hanging in Place

$XAU $GLD Gold markets traded back and forth during the session Tuesday hanging about the $1500 mark the bottom of the consolidation range, as the 50-Day EMA is there where buyers are clustered. Gold Technical Analysis Video 18.09.19 That does not mean a direct move North right away, but rather there is interest in this market, […]

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance. These are the updated targets and invalidation levels that matter on the AUD/USD price chart.  […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Cautious Headlines Crude Oil pares gains Middle East risks keep stocks in caution mode Gold prices little changed as markets eye Fed outlook Gold: Gold traded steady Tuesday as traders stayed on the sidelines ahead of a widely expected rate cut by the Fed on Wednesday. Spot gold was […]

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East The Australian Dollar remained focused like most markets on rising crude prices following last weekend’s drone strike on crucial Saudi infrastructure and failed to move much on news that both Chinese industrial production and retail sales had missed forecasts. August’s industrial production rose by 4.4% on the year. That […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Spikes, Stocks Off Headlines Crude Oil spikes after Saudi facility attacks, weak China data hits shares President Trump said the US is “locked & loaded” for a potential response to the attack on Saudi Arabia’s Crude Oil production facilities Gold rallies as […]

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports The Australian dollar continued to post gains last week, despite disappointing confidence numbers. NAB business confidence slowed to 1 point, in August marking a 4-month low. There was no relief from Westpac consumer sentiment, which fell by 1.7% in July, its third […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian shares advance on US-China trade progress, ECB easing Crude Oil off on global demand worries despite hopes on trade talks Hong Kong gold market losing shine due to political unrest Gold dips as trade hopes fuel risk […]

Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long

Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long

Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long The Australian Dollar suffered a precipitous decline in July and August as trade war fears, a dovish RBA and a deteriorating global growth outlook worked to weigh on the Aussie Dollar’s prospects. Concurrently, the US Dollar (via the DXY Dollar Basket) drove higher.  The diverging […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Headlines Bears ease grip on most Asian currencies as trade worries fade Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet Crude Oil gains on hopes for US-China trade dispute thaw Gold slips as trade […]

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated Looking at the past six months of FX movements (Fig. 1), the Australian dollar has acted as the most accurate proxy for China-related sentiment (especially on trade tensions), as demonstrated by the highest correlation with the Chinese yuan. The reasons for this relationship […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Firm Headlines Crude Oil prices up after bigger-than-expected fall in Us stockpiles Rising bond yields support value stocks ahead of central bank meetings Gold prices snap 4-day losing streak and focus on ECB meet USD steady as traders await Thursday’s […]

Australian Dollar: USD/AUD (AUD=X) from bearish to bullish

Australian Dollar: USD/AUD (AUD=X) from bearish to bullish

Australian Dollar: USD/AUD (AUD=X) from bearish to bullish On Sep 3, AUD/USD declined to 0.6687- its lowest level in five weeks. However, in the following days the pair rallied and closed the weekly candlestick with nearly 1.7% gain. On the other hand, NZD/USD started to trade higher on Sep 4 then closed on Friday in the green with 1.8% […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Off Headlines Crude Oil hits 6-wk highs on hopes of extended OPEC output cuts Asian stocks mostly weaker on steep Chinese factory price declines Gold hits 4-wk low as stimulus hopes, trade optimism boost risk-on mode JPY, CHF fall as […]

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports NAB Business Confidence will be released today, followed by Westpac Consumer Sentiment on Wednesday. As well, Chinese CPI, which will be published on Tuesday, could affect the pair. There were plenty of Australian events last week, and the Aussie responded with sharp gains of 1.6%, its strongest […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat Crude Oil Up, Stocks Up Headlines Asia stocks gain as soft data lift stimulus hopes Crude Oil rises as Saudi Arabia signals OPEC cuts to continue Gold inches higher, improved risk appetite caps gains USD was capped as US yields came off 2-week highs […]

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions The short-covering rally in the Australian Dollar continued for a fourth session on Friday as traders continue to alleviate the grossly oversold trading conditions. Traders started easing up on the short-side of the market early last week after the release of the […]

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