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 […]

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 Up Headlines Crude Oil rises, set for weekly gainer Asia shares rise on trade disputes hopes .DXY Vs a basket of 6 peer currencies was little changed Investors took profits in gold Thursday Gold: Gold retreated Thursday as investors booked […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up Crude Oil Up, Stocks Up Headlines Crude Oil prices rise after US confirms trade talks with China to re-start. Gold eases as equities gain on BREXIT, Hong Kong progress. Asian shares up as BREXIT, Hong Kong progress lifts sentiment. Trade talk plans cheer […]

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 Steady, Crude Oil Up, Stocks Up Headlines Crude Oil prices recover some, but economic concerns weigh Asia stocks bounce, Chinese lead Gold, silver surge after weak US data compounds slowdown fears USD is being seen as a safe-haven asset Gold: Gold rose more than 1% Tuesday […]

Betting Started: President Trump Will Forge China Trade Deal

Betting Started: President Trump Will Forge China Trade Deal

$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Eases , USD Up, Crude Oil Mixed, Stocks Off Headlines Crude Oil prices mixed as market eyes trade dispute Gold prices ease as firmer USD weighs Stocks hurt by trade tensions USD up, GBP hurt by BREXIT uncertainty Gold: Gold prices fell Tuesday as USD gained, making the […]

Gold Miners Stocks are Shining in this Rally Too

Gold Miners Stocks are Shining in this Rally Too

$XAU, $SRM, $WMP, $CAGDF, $GOLD, $NEM Spot Gold hit new 6-year highs and is trading late Monday at $1,526.89 oz as I write this article. The precious Yellow metal has rallied in Y 2019 in part due to global economic concerns like the US-China trade dispute, record levels of negative-yielding debt globally and signs of […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil set for biggest weekly gainer since July JPY is the best performer among major currencies this month, rising 2.2% so far. Asian shares at 1-week highs Gold: Gold extended losses Friday and was set to […]

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 Off, Stocks Off Headlines Crude Oil prices drop on concern over US economy Bonds reign supreme, equities struggle on recession, BREXIT fears Gold prices marked gains Thursday against the backdrop of recession fears USD flat to unchanged Gold: The precious metal markets […]

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 Up, Crude Oil Up, Stocks Up Headlines Crude Oil gains, led by US WTI Crude, recession worries ease JPY stands tall Gold dips, but near 6-yr highs on rate cut hopes, trade fears Asian stocks post modest gains on Wall Street futures Gold:  Gold […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]

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 Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]

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 Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines USD steps up before Powell, Kiwi jumps on […]

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount ommonwealth Bank of Australia (CBA) has released new forecasts that show the Sydney-based lender no longer expects the Australian Dollar to recover into year-end. Previous forecasts suggested Australia’s Dollar was due to catch a break in the final quarter of 2019 as the Federal […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines Crude Oil dips on economic concerns after US […]

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive This coupled with the prevalent risk-on mood, as depicted by a positive trading sentiment around equity markets, provided an additional boost to perceived riskier currencies – like the Aussie – and remained supportive of the ongoing positive momentum, albeit persistent US-China trade tensions might keep a lid […]

Australian Dollar: USD/AUD (AUD=X) continues to consolidate

Australian Dollar: USD/AUD (AUD=X) continues to consolidate

Australian Dollar: USD/AUD (AUD=X) continues to consolidate The Australian dollar has gone back and forth over the last several sessions, and of course the 0.68 level has offered a lot of resistance. We continue to pull back from that area on short-term charts, but I think at this point it’s obvious that the 0.67 level should […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Up Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional […]

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750 I had looked at this one in this week’s Technical Forecast, asking the question as to whether the Aussie has finally found some element of support. It’s been a brutal year, to be sure, and this extends a bearish run that started in January of 2018 when the […]

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight Australian key indicators were impressive last week, but it wasn’t enough to push the Aussie higher. The business and consumer sectors both showed higher confidence levels. The NAB Business Confidence improved to 4 in July, up from 2 in the previous release. The Westpac Consumer Sentiment […]

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 Up, Crude Oil Up, Stocks Up Headlines Crude Oil rises as US retail sales ease recession fears Asia stocks up in stimulus speculation Gold heads for 3rd weekly gainer on trade, growth concerns Dollar index higher Gold: Gold prices dipped Friday but were headed for […]

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65 The Australian dollar has rallied a bit during the trading session on Thursday, showing signs of consolidation just below the crucial 0.68 level which was previous support. At this point I think the market is simply trying to digest the losses and decide whether or […]

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 Off, Stocks Off Headlines JPY holds gains, traders seek safety Crude Oil prices steady after big fall on recession concerns, inventory rise Stocks feel pain, as bond markets talk recession Gold gains as recession fears drive safe-haven demand Gold: Gold prices rose […]

Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure

Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure

Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure The Australian dollar initially tried to rally during the trading session on Wednesday, but then broke down significantly to reach towards the bottom of the recent consolidation. That being said, it looks as if the Australian dollar is going to continue to reach […]

Australian Dollar: USD/AUD (AUD=X) traders seem to be shrugging off concerns over U.S.-China trade relations

Australian Dollar: USD/AUD (AUD=X) traders seem to be shrugging off concerns over U.S.-China trade relations

Australian Dollar: USD/AUD (AUD=X) traders seem to be shrugging off concerns over U.S.-China trade relations The Australian Dollar is edging higher on Tuesday, bucking the weaker trend in the global financial markets. Traders also seem to be shrugging off concerns over U.S.-China trade relations that appear to be having a slightly negative effect on higher-risk […]

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 Off, Crude Oil Off, Stocks Off Headlines Asian shares of on trade worries Crude Oil off despite supply/demand issues The Argentine Peso collapsed overnight Gold marked fresh news highs Gold: Gold prices marked their highest in more than 6 years Tuesday, as concerns around protests […]

Australian Dollar: USD/AUD (AUD=X) RBA Keeps Cash Rate Unchanged

Australian Dollar: USD/AUD (AUD=X) RBA Keeps Cash Rate Unchanged

Australian Dollar: USD/AUD (AUD=X) RBA Keeps Cash Rate Unchanged At its August 6 monetary policy meeting, the RBA kept the cash rate unchanged at an all-time low of 1.00%. The decision was in line with trader expectations, and followed two consecutive cuts in June and July. Nevertheless, the RBA’s dovish tone in its accompanying comments […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Off, Stocks Up Headlines Asian shares higher on China recovery, RM Yuan fixing Crude Oil off as demand outlook, trade dispute weigh Gold hanging near $1,500/oz on trade, recession concerns The .DXY, which tracks the Buck, Vs a basket of 6 […]

Australian Dollar: USD/AUD (AUD=X) key events are business and consumer confidence reports and employment change

Australian Dollar: USD/AUD (AUD=X) key events are business and consumer confidence reports and employment change

Australian Dollar: USD/AUD (AUD=X) key events are business and consumer confidence reports and employment change In Australia, the focus was on the RBA rate decision. The bank maintained rates at an even 1.0% and RBA Governor Philip Lowe had a dovish message for the markets. Lowe noted that trade tensions remained a pressing concern and […]

Australian Dollar: USD/AUD (AUD=X) better than expected Chinese trade also helped fuel the recovery

Australian Dollar: USD/AUD (AUD=X) better than expected Chinese trade also helped fuel the recovery

Australian Dollar: USD/AUD (AUD=X) better than expected Chinese trade also helped fuel the recovery Volatility wise, it was a relatively quiet day in the forex market. USD/JPY extended its losses but the greenback recovered against euro, sterling and other major currencies. The rallies in the Australian and New Zealand dollars were the strongest with both […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Bounces, Stocks Rally Chicago Fed President Charles Evans signaled Wednesday he was open to lower rates to bolster inflation and counter risks to economic growth from trade tensions. Futures moved to price in a 100% probability of a Fed easing in September […]

Australian Dollar: USD/AUD (AUD=X) Weakness Sustained

Australian Dollar: USD/AUD (AUD=X) Weakness Sustained

Australian Dollar: USD/AUD (AUD=X) Weakness Sustained The Aussie pair kept the downtrend rally intact that had triggered since the start of 2019. The primary focus of the day remained over the RBA Interest Rate Decision. The policymakers held the rates at an all-time low near 1%, forecasting the trade tensions to worsen, compelling for a rate cut […]

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 Off, Crude Oil Steady, Stocks Higher Headlines US-China trade dispute remains in focus Crude Oil prices steady Spot gold may test psyche resistance at $1,500 oz Calm returns to stock markets as RMB Yuan steadies Gold: Gold prices +1% Wednesday as investors to seek refuge […]

Australian Dollar: USD/AUD (AUD=X) tries to recover

Australian Dollar: USD/AUD (AUD=X) tries to recover

Australian Dollar: USD/AUD (AUD=X) tries to recover The Australian Dollar surged higher against its G10 rivals Tuesday after the Reserve Bank of Australia(RBA) suggested it will wait for some time before cutting its interest rate again and as markets serenaded a record trade surplus for the month of June.  Australia’s trade surplus came in at $8.04 […]

Singapore: STI Index (.STI) huge losses as traders anticipated more flare-ups

Singapore: STI Index (.STI) huge losses as traders anticipated more flare-ups

Singapore: STI Index (.STI) huge losses as traders anticipated more flare-ups Asian equities had no time to catch their breath on Monday, falling end over end in huge losses as traders anticipated more flare-ups from Washington after China’s yuan slumped to a decade low and stoked fears of rising trade-war pains and the spectre of […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Firm, USD Off, Crude Oil Up, Stocks Lower Headlines Crude Oil climbs on Short-covering, Us-China trade disputes caps gain Global Stock ‘rout’ deepens US labels China a currency manipulator paving the way for more sanctions Yuan off lows, JPY slumps as China struggles over currency policy Gold […]

Australian Dollar: USD/AUD (AUD=X) is on pace to extend its losing streak

Australian Dollar: USD/AUD (AUD=X) is on pace to extend its losing streak

Australian Dollar: USD/AUD (AUD=X) is on pace to extend its losing streak The recent stretch of Australian Dollar weakness looks set to extend its record of consecutive daily declines. Spot AUDUSD has drifted lower over the last 14 trading sessions and Monday’s close will likely add another tally to the streak. Looking ahead, AUD currency […]

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 Off, Crude Oil Off, Stocks Lower Headlines Asia stocks hit 6-month low as investors flee to safety Futures are now pricing in deeper interest rate cuts than before last week’s Fed meeting. The terminal US rate is seen at 1.22%, 93 bpts below the current […]

Gold’s Price Rallies to Record Highs in 73 Currencies

Gold’s Price Rallies to Record Highs in 73 Currencies

$XAU, $USD, $AUD, $CAD, $INR, $GBP Gold marked 6-year highs Friday as investors barged into the safe-haven metal on an escalating US-China trade dispute, and the prospects of a return to ultra-loose monetary policy by the Fed. Gold for delivery in December, the most active futures contract trading in New York, touched a high of […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Steady, Crude Oil Up, Stocks Lower Headlines President Trump’s new tariffs may set stage for more Fed rate cuts President Trump says it is up to China to deal with Hong Kong’s riots Crude Oil prices regain ground after overnight dive Gold will see a […]

Australian Dollar: USD/AUD (AUD=X) neutral candle forming

Australian Dollar: USD/AUD (AUD=X) neutral candle forming

Australian Dollar: USD/AUD (AUD=X) neutral candle forming The Australian dollar has gone back and forth during the trading session on Thursday, in an obvious neutral candle. With that neutral candle forming, it shows that we are at least trying to find some type a bottom. The 0.68 level is large and looming on the longer-term charts […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dipped, USD Up, Crude Oil Off, Stocks Lower Headlines USD up as lengthy Fed easing uncertain and BREXIT pains deepens. Crude Oil slips 1% after Fed disappoints, US Crude Oil output rises. Gold dipped to 2-wk lows on Fed uncertainty about more rate cuts. Asian shares fall, […]

Australian Dollar: USD/AUD (AUD=X) needs to find support

Australian Dollar: USD/AUD (AUD=X) needs to find support

Australian Dollar: USD/AUD (AUD=X) needs to find support The Australian dollar initially tried to rally during the trading session on Wednesday, slamming into the 0.69 level. This is an area that obviously will attract a lot of attention, but I think the 0.6850 level underneath is going to continue to be support, extending down to the […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Unch, USD Firm, Crude Oil Up, Stocks Lower Headlines Asian shares at 6-week lows on trade worry Gold prices hold steady ahead of Fed’s rate announcement Crude Oil gains for a 5th day running after US stockpile drop  .DXY held firm Wednesday, as a wait-and-see mood prevailed. […]

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data The Australian Dollar is edging lower against the U.S. Dollar on Tuesday. Some of the selling pressure is in reaction to weaker-than-expected domestic economic data released earlier in the session. Australian Building Approvals came in at -1.2%, below the 0.2% forecast. […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Higher Headlines Asia stocks gain ahead of Fed, GBP pressured by BREXIT uncertainty, Crude Oil prices rise on expectations Fed will cut rates, Gold slips as USD climbs. Gold: Gold prices dipped Tuesday as USD rose to 2-month highs, while […]

Australian Dollar: USD/AUD (AUD=X) now looks like it is going to make a serious play to break down below the 0.69 handle

Australian Dollar: USD/AUD (AUD=X) now looks like it is going to make a serious play to break down below the 0.69 handle

Australian Dollar: USD/AUD (AUD=X) now looks like it is going to make a serious play to break down below the 0.69 handle The Australian dollar has tried to rally during the trading session on Monday but gave back most of the gains early in trading and now looks like it is going to make a serious […]

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 Up, Crude Oil Down, Stocks Lower Headlines Crude Oil falls on growth outlook concerns and positive news on Iran A Fed interest rate cut a certainty Asian shares drift lower, trade talks loom Gold rises as markets awaits Fed meeting Gold: Gold prices gained Monday […]

Australian Dollar: USD/AUD (AUD=X) focus will be on Australian CPI and retail sales

Australian Dollar: USD/AUD (AUD=X) focus will be on Australian CPI and retail sales

Australian Dollar: USD/AUD (AUD=X) focus will be on Australian CPI and retail sales In the U.S., durable goods orders rebounded nicely in June. The headline reading gained 2.0%, crushing the estimate of 0.8%. Core durable goods orders jumped 1.2%, easily beating the estimate of 0.2%. The week wrapped up with Advance GDP for Q2, which […]

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 Up, Crude Oil Up, Stocks Down Headlines Crude Oil prices up as geopolitical tensions counter sluggish demand, Asian shares slide as ECB holds off easing, earnings mixed, Gold up on rate-cut bets; focus on US GDP data Gold: Gold prices steadied Friday after touching a […]

Australian Dollar: USD/AUD (AUD=X) near-term downtrend pauses on rising support ahead of RBA speech

Australian Dollar: USD/AUD (AUD=X) near-term downtrend pauses on rising support ahead of RBA speech

Australian Dollar: USD/AUD (AUD=X) near-term downtrend pauses on rising support ahead of RBA speech The past 24 hours were a choppy session, with varied performance in FX and equities ahead of key economic event risks such as the ECB and US GDP. Markets had to contend with mixed US earnings and data. While the S&P 500 ended the day 0.47% […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat USD Up, Crude Oil Up, Stocks Up Headlines Asian shares tick higher, euro near 2-month lows before ECB decision Crude Oil advances on Gulf tensions, but demand concerns cap gainers Gold steadies ahead of ECB decision; firm USD caps appeal Fed to cut rates for […]

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat

Australian Dollar: USD/AUD (AUD=X) rejected by key moving-average, enters into retreat The Australian Dollar was on its back foot Wednesday after being repelled from a key technical resistance barrier and as investors bet the Reserve Bank of Australia (RBA) will cut its interest rate again sooner rather than later, but multiple analysts are saying that further losses […]

Australian Dollar: USD/AUD (AUD=X) snaps back to .7000 big figure

Australian Dollar: USD/AUD (AUD=X) snaps back to .7000 big figure

Australian Dollar: USD/AUD (AUD=X) snaps back to .7000 big figure On the side of USD-weakness, AUD/USD may remain of interest. As USD-weakness was pricing in aggressively around those comments from John Williams last week, AUD/USD flew up to fresh three-month-highs. As USD-strength has come back after the ‘clarification’ of those comments, AUD/USD has retraced around 50% of […]

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 Up Note: Sterling was off Tuesday as investors worried Boris Johnson, the frontrunner to become the UK’s next Prime Minister, would trigger a “hard BREXIT” from the EU, seen as a risk for the British economy. Further, currency-market focus will […]

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade The Australian Dollar was primarily underpinned last week by expectations of lower U.S. interest rates. Early in the week, the Aussie dipped a little after minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting in July showed the central bank was ready […]

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 Down Note: Geopolitical fears were dominated by confrontation in the Crude Oil trade’s most important waterway escalating, with footage showing the Iranian military defying a British warship when it seized a tanker in the Strait of Hormuz Friday. Priced-in forecasts […]

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact Versus the Australian Dollar, the Greenback is at a potential turning point. AUD/USD finds itself testing falling resistance from December after the psychological barrier between 0.70482 and 0.7022 was taken out. Though I am still awaiting technical confirmation to argue if the latter could translate into […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Spiked, USD Steady, Crude Oil Up, Stocks Up Note: Friday is options expiry in the US, volatile: maybe, maybe not. The Buck steadied Friday, but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price […]

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance The Australian dollar rallied a bit during the trading session on Thursday but still faces significant resistance just above. With that being the case it looks as if we are about to take on a serious level in the market that could change things going forward. The Australian […]

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 Firm, Crude Oil Up, Stocks Off Notes: The International Monetary Fund (IMF) Wednesday said the dollar was overvalued by 6% to 12%, based on near-term economic fundamentals. With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched […]

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the early European session on Wednesday. The pair extended the previous session’s pullback from the 0.7045-50 supply zone, or […]

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 Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting

Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting The Minutes released earlier today from the Reserve Bank of Australia’s last meeting on interest rates on July 2 said the central bank will cut interest rates again, “if needed.” “Lower interest rates would provide more […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]

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 Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue

Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue Another month of sharp decline in Australian investment lending was not enough to prevent the Australian Dollar to US Dollar (AUD/USD) exchange rate recovering ground this morning. Even though lending saw a -1.7% contraction in May, defying forecasts of modest 0.5% growth, the Australian Dollar […]

 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 Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery

Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery The AUD/USD pair quickly reversed an early European session dip to fresh 2-1/2 week lows and is currently placed at the top end of its daily trading range, around the 0.6925-30 region. The pair stalled its recent downward […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Up, Stocks Mixed Notes: OPEC and allied producers led by Russia agreed last week to extend their supply-cutting deal until March 2020. Brent has risen nearly 20% in Y 2019, supported by the pact and tensions in the Middle East, especially the […]

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week The Australian Dollar was on the defensive at the beginning of the new week but is tipped by analysts at Commonwealth Bank of Australia (CBA) to prevail in its ongoing scrap for a key level over the coming days.  Australia’s Dollar ceded ground to a […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Down, USD Flat Crude Oil Off, Stocks Lower Notes: BoE Governor Mark Carney has said a global trade war and a no-deal BREXIT were growing risks to Britain’s economy, which might need more help to cope with a downturn. That prompted investors to increase their bets on […]

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

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

FLASH: Gold Down, USD Up, Crude Oil Flat, Stocks Lower Notes: White House Economic advisor Larry Kudlow has confirmed top representatives from the United States and China will meet in the coming week to continue trade talks. Iran said Sunday it will shortly boost its uranium enrichment above a cap set by a landmark Y 2015 nuclear […]

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again The RBA lowered interest rates for a second straight month, the first back-to-back cuts since 2012. The benchmark rate currently stands at an even 1.0%, a historical low. In follow-up comments, RBA Governor Lowe said that the economic outlook “remains reasonable”, but investors will no doubt […]

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

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

FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: The market’s focus is Friday’s US NFPs for June, which economists expect to have risen by 160,000 in June, compared with 75,000 in May. USD firm on Friday but traders held off on making big bets ahead of the closely-watched US NFPs report that could influence […]

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst The Australian dollar has gone back and forth during the trading session on Thursday as Americans were away for Independence Day celebrations. That being said, we are at significant resistance so it’s not a huge surprise to see the market fail […]

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

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

All US financial markets are closed Thursday for Independence Day FLASH: Gold Down, USD Flat, Crude Oil Down, Stocks Up Notes: Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade dispute between the world’s 2 largest economies, Trump Administration officials said Wednesday […]

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]

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