Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market The slump rally that had begun on June 9 got slightly diverted in today’s trading session. The pivotal point for the reversal was 0.6835 levels. The pair had started the day near 0.6855 levels and continued the downtrend. The early slip in the AUD/USD pair […]

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares The local market finished Tuesday’s session at a 12-year closing high, buoyed by comments out of the Reserve Bank which seemed to confirm further cuts to the official cash rate were ahead. At the close of trade, the ASX […]

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines AUD/USD has continued its declines, with the pair hitting the lowest level in five months. The outlook for the day will depend on the reaction to this $0.6865 support level. The hourly chart shows the move back towards trendline resistance, raising the likeliness of […]

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut

Australian Dollar: USD/AUD (AUD=X) traders focus on RBA interest rate cut On the back of the recent RBA interest rate cut, there are mounting calls in Australia, to continue to cut with some expecting the cash rate to drop to 0.5%. At least that is the expectation of a few of the major banks both […]

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open Australian shares are poised to edge higher at the open of a week where central bankers are set to dominate. ASX futures are up 8 points or 0.1 per cent to 6565. Local investors will be waiting for the latest RBA meeting minutes to […]

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited A strong rally to start 2019 has Australia’s stocks looking expensive, and that could be a bad sign for future gains. The nation’s benchmark S&P/ASX 200 Index has advanced 16 per cent this year, causing valuations to swell. The gauge trades at an estimated price-earnings ratio of 17.1, […]

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate

Australian Dollar: USD/AUD (AUD=X) releasing employment change and the unemployment rate AUD/USD is slightly lower in the Wednesday session. In North American trade, AUD/USD is trading at 0.6950, down 0.17% on the day. On the release front, Australian Westpac Consumer Sentiment declined 0.6% in June, after a gain of 0.6% in the May release. In […]

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit?

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit?

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit? he AMA Group Ltd (ASX: AMA) share price has jumped to a record high this morning after the panel beating and automotive services group released a trading update. The AMA share price advanced around 3% to $1.29 at the time of writing, taking its gain to nearly […]

Australian Dollar: USD/AUD (AUD=X) holds key resistance

Australian Dollar: USD/AUD (AUD=X) holds key resistance

Australian Dollar: USD/AUD (AUD=X) holds key resistance On the long-side of the US Dollar, AUDUSD may retain some interest. I had looked at the pair in this week’s FX Setups as one of the more attractive backdrops for a return of USD strength, and the resistance zone investigated has thus far held the highs fairly well. Current […]

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad The ASX is expected to move back within striking distance of a post-GFC high in coming days as investors respond to climbing prospects of easier monetary policy at home and abroad. Thursday’s jobs data for May stands out […]

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads

Australian Dollar: USD/AUD (AUD=X) RBA and FOMC appear to be at the crossroads Two opposing central banks began to collide this week as both the RBA and FOMC appear to be at the crossroads. The RBA made the first big step in many years and cut the cash rate by 25bp to 1.25%. Shortly thereafter, […]

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher Australian shares advanced on Thursday, with modest gains across the board pushing the market higher for a third straight session. The S&P/ASX 200 Index added 24.5 points, or 0.4 per cent, to end the session at 6383, while the broader All Ordinaries […]

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans

Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans AUD/USD has posted slight gains in the Thursday session, erasing most of the losses seen on Wednesday. In North American trade, AUD/USD is trading at 0.6985, up 0.23% on the day. In Australia, the trade surplus narrowed to A$4.87 billion in April, down from […]

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement The Australian share market rallied early in the day following strong gains on Wall Street, but then faded throughout the day. The benchmark S&P/ASX200 index still managed to close higher, up 26.1 points, or 0.41 per cent, to 6,358.5 points at 1615 AEST on Wednesday, while […]

Australian Dollar: USD/AUD (AUD=X) psychologically significant price

Australian Dollar: USD/AUD (AUD=X) psychologically significant price

Australian Dollar: USD/AUD (AUD=X) psychologically significant price The Australian dollar went back and forth during the trading session on Wednesday, as the 0.70 level is crucial on longer-term charts. Ultimately, it’s likely that we will see a bit of pullback pressure in this area, because we have had a move towards the 50 day EMA, which […]

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week Is the party over at last for the ASX 200? The Australian stock benchmark defied trade-gloom and diminished global risk appetite quite well up until the end of last week. Rising iron ore prices and a weaker Australian Dollar burnished the appeal of what should […]

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127)

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127)

Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127) Keep in mind, the AUD/USD rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127), with the exchange rate marking another failed attempt to break/close above the moving average in April. In turn, […]

Australian Dollar

Australian Dollar

As the Fed moves to cuts, the battle will now be joined with the RBA. We’ll need more stock market noise for the Fed to shift quickly to cuts but they are on the way, and the reserve bank of Australia looks its usual confused self around the Aussie outlook and which levers to pull, […]

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25%

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25%

Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25% AUD/USD has moved higher in the Monday session. In North American trade, AUD/USD is trading at 0.6957, up 0.30% on the day. Earlier in the day, the pair touched 0.6966, its highest level since mid-May. On the release front, […]

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months The Australian share market has suffered its worst loss in five months amid jitters on global growth and fears the US is picking a second trade war, this one with Mexico. The benchmark S&P/ASX200 index closed down 76.4 points, or 1.19 per […]

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible

Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible The Pound has been under pressure against the Australian Dollar of late but the GBP/AUD exchange rate is now approaching solid areas of support while much of the price action this week will depend on the RBA interest rate decision. The Pound lost […]

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative

Australian Dollar: USD/AUD (AUD=X) sentiment is still negative AUD/USD has been quite trendy in recent weeks as global trade tensions increase and risk assets such as the Aussie keep tumbling. Although, we saw a reversal higher towards the end of last week after the soft US manufacturing and services reports. But the sentiment is still […]

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility

Australian Dollar: USD/AUD (AUD=X) investor indecision and impending volatility The Australian Dollar is edging lower on Wednesday with the currency posting a tight trading range for a third straight session. The inside trading range suggests investor indecision and impending volatility. Perhaps capping gains are a flare up of concerns over an escalation of the trade […]

6 Foreign Desserts From Around The World

6 Foreign Desserts From Around The World

#1 Pavlova – Australia Made of whipped egg whites, it is a meringue dessert with a crisp crust and soft, light inside, usually topped with fruit and whipped cream. #2 Mango and Sticky Rice – Thailand Put together is fresh sliced mangoes, traditional sticky rice and sweet coconut cream. #3 Eclair – France Soft donut/croissant-like […]

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios

Australian Dollar: USD/AUD (AUD=X) door open for bullish short-term trend scenarios I had charted this setup around last week’s open, largely looking for AUDUSD to grasp on to support after gapping-higher to start the week. A dovish RBA rate decision shortly after helped to push prices back down to support, quickly filling that gap; but […]

Australian Dollar: USD/AUD (AUD=X) light trading expected

Australian Dollar: USD/AUD (AUD=X) light trading expected

Australian Dollar: USD/AUD (AUD=X) light trading expected AUD/USD has posted slight losses in the Monday session. In North American trade, AUD/USD is trading at 0.6916, down 0.16% on the day. U.S markets are closed in the U.S. for the Memorial Day holiday, and there are no U.S. or Australian events on the calendar. On Tuesday, […]

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike

Australian Dollar: USD/AUD (AUD=X) investors making the necessary adjustments to the possibility of a Fed rate hike Fed Fund futures are currently pricing in 50% chance of a cut in September and a full 25 basis-point cut by December. Traders are also looking for another rate cut for next year. As the trade war drags […]

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness

Australian Dollar: USD/AUD (AUD=X) can’t find a way out of the darkness The Australian dollar can’t find a way out of the darkness. The AUD has been falling since January 2019 and it seems that the situation only worsens. Let’s see what factors will affect the currency in the middle term. On the daily chart of AUD/USD, […]

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower

Australian Dollar: USD/AUD (AUD=X) indicators pointed lower AUD/USD has posted small losses on Wednesday. Currently, the pair is trading at 0.6875, down 0.12% on the day. On the release front, Australian indicators pointed lower. The MI Leading Index dropped 0.1%, while the Construction Index declined 1.9%, much weaker than the estimate of a 0.1% gain. […]

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level

Australian Dollar: USD/AUD (AUD=X) support underneath at the 0.68 level The Australian dollar fell hard during the trading session on Tuesday, breaking down to the gap, showing extreme negativity. Quite frankly at this point I would be hesitant to buy this market, at least after what we have seen over the last 24 hours or so. […]

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains

Australian Dollar: USD/AUD (AUD=X) RBA minutes and Lowe speech threaten AUD’s gains The Australian Dollar was riding high at the top of the G10 league table Monday following a surprise win for the coalition government in Sunday’s general election, although analysts are saying that gains for the Antipodean currency could prove short-lived. Australia’s Liberal Party […]

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon

Australian Dollar: USD/AUD (AUD=X) rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon Australia’s dollar jumped at the market open after the nation’s center-right government clung to power in a surprise election victory at the weekend. The Aussie was indicated 0.8 percent stronger in early trading at 69.26 […]

Far Left Labour Party Sees Huge Loss in Australia

Far Left Labour Party Sees Huge Loss in Australia

FLASH: The conservatives aka the Liberal party in Australia pulled off a stunning upset in the national elections Saturday. The leader of Australia’s opposition Labor Party, Bill Shorten, has accepted defeat in a shock result for the country’s federal elections. The ruling centre-right coalition led by Prime Minister Scott Morrison looks set to return to […]

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates In what’s fast becoming a familiar theme, the Aussie weakened against all major crosses except the British pound during the session, failing to garner any support despite a further modest improvement in investor risk […]

Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite

Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite

Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite The Australian dollar remains pressured with traders paying scant regard to a modest rebound in stocks and commodities on Tuesday. With the exception of the Japanese yen and British pound, the movements in the AUD elsewhere were negligible despite renewed confidence […]

Australian Dollar: USD/AUD (AUD=X) could weaken further

Australian Dollar: USD/AUD (AUD=X) could weaken further

Australian Dollar: USD/AUD (AUD=X) could weaken further Vastly improved downward momentum suggests AUD could weaken further but 0.6910 could be just out of reach for now. The anticipated weakness in AUD exceeded our expectation as it not only cracked 0.6970 but also the strong level of 0.6950 (overnight low of 0.6941). The vastly improved downward […]

Australian Dollar: USD/AUD (AUD=X) falling back into key support level

Australian Dollar: USD/AUD (AUD=X) falling back into key support level

Australian Dollar: USD/AUD (AUD=X) falling back into key support level AUD/USD has been in consolidation mode over the past fortnight, with the pair exhibiting lower highs and largely flatlining lows during that time. We are seeing a return to that $0.6962 support level this morning, with the reaction to that level likely to prove key to […]

Australian Dollar: USD/AUD (AUD=X) prices are stalling

Australian Dollar: USD/AUD (AUD=X) prices are stalling

Australian Dollar: USD/AUD (AUD=X) prices are stalling China remains gripped in a slowdown, which is bad news for Australia, as the Asian giant is China’s largest trading partner. Chinese manufacturing PMI dropped to 50.1 in April, pointing to stagnation. Building approvals swung wildly, falling 15.5% in March, after a gain of 19.1% a month earlier. […]

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation

Australian Dollar: USD/AUD (AUD=X) very sensitive to the Chinese economic situation The Australian dollar has fallen a bit during the trading session on Thursday, as we continue to see the 0.70 level as an area of interest. Beyond that, there is a significant amount of support extending all the way down to the 0.68 level. This […]

Australian Dollar: USD/AUD (AUD=X) psychologically important level

Australian Dollar: USD/AUD (AUD=X) psychologically important level

Australian Dollar: USD/AUD (AUD=X) psychologically important level The Australian dollar went back and forth during the trading session on Wednesday, as we continue to see a lot of back-and-forth trading, and choppiness to say the least. The Australian dollar of course is highly sensitive to the Chinese situation, which is currently being driven by the US/China […]

Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows

Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows

Australian Dollar: USD/AUD (AUD=X) sellers struggle to sustain momentum after touching 4-month lows The Australian Dollar turned lower anew after a brief corrective upswing against its US counterpart, as expected. Sellers have struggled to gain ground beyond reversing the relief rally from April lows however. A drop to four-month lows failed to find lasting follow-through, […]

Australian Dollar: USD/AUD (AUD=X) fresh selling towards early 2016 levels

Australian Dollar: USD/AUD (AUD=X) fresh selling towards early 2016 levels

Australian Dollar: USD/AUD (AUD=X) fresh selling towards early 2016 levels The dimmed prospects of the US-China trade deal drags the AUD/USD pair to the intra-day low of 0.6965 during the early Asian session on Monday. The pair trades below 0.6980 confluence comprising 38.2% Fibonacci retracement of December – January plunge and the low of the […]

Australian Dollar: USD/AUD (AUD=X) rebounds after sharp decline

Australian Dollar: USD/AUD (AUD=X) rebounds after sharp decline

Australian Dollar: USD/AUD (AUD=X) rebounds after sharp decline AUD/USD saw a sharp decline yesterday, bringing the pair into the 76.4% Fibonacci retracement support level. We are currently seeing a rebound from that support level and thus there is a good chance we will see further upside over the short term. A break through $0.707 would be […]

Australian Dollar: USD/AUD (AUD=X) traders could also be reacting to optimistic news over U.S.-China trade negotiations

Australian Dollar: USD/AUD (AUD=X) traders could also be reacting to optimistic news over U.S.-China trade negotiations

Australian Dollar: USD/AUD (AUD=X) traders could also be reacting to optimistic news over U.S.-China trade negotiations Australian traders could also be reacting to optimistic news over U.S.-China trade negotiations. According to a New York Times report, trade talks between the U.S. and China are now in the final stages, said U.S. Treasury Secretary Steven Mnuchin, […]

Australian Dollar: USD/AUD (AUD=X) Near Critical Support

Australian Dollar: USD/AUD (AUD=X) Near Critical Support

Australian Dollar: USD/AUD (AUD=X) Near Critical Support The major event for the week was the release of the quarterly Consumer Price Index report and the quarterly Trimmed Mean CPI report. Australian’s headline inflation rate came in flat for the March quarter against expectations of a 0.2 percent increase. The annual rate of 1.3 percent was […]

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report Sparking the sell-off in the AUD/USD on Wednesday was a weak consumer inflation report. The consumer price index (CPI) showed that core inflation at 1.4 percent had drifted to its lowest level in at least 16 years. Furthermore, inflation has been stuck below the RBA’s 2-3 percent […]

Australian Dollar: USD/AUD (AUD=X) Support at 0.70

Australian Dollar: USD/AUD (AUD=X) Support at 0.70

Australian Dollar: USD/AUD (AUD=X) Support at 0.70 The Australian dollar fell significantly during the trading session on Tuesday, slicing through the 50 day EMA. Beyond that, we are testing the 0.71 handle, but at the end of the day I’m a buyer of the Aussie dollar. I think that we will find support underneath, given enough […]

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X)

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X)

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X) The Australian Dollar reacted to mixed economic news by posting a choppy, two-sided trade before setting lower for the week. The Aussie edged lower shortly after the Reserve Bank released the minutes of its April meeting that indicated a dovish tone in the policy review. The […]

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected The Australian Dollar is advancing on Wednesday after a government report showed China’s economy grew more than expected. The Aussie is benefitting because it often acts as a proxy for the Chinese economy. The news helped reverse some of […]

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210 We highlighted last Thursday (11 Apr, spot at 0.7170) that a “break of 0.7190 would suggest AUD is ready to tackle the Feb’s peak of 0.7210”. AUD opened on a weak note on Friday (12 Apr) before staging a robust rally that hit a high of […]

Australian Dollar: USD/AUD (AUD=X) market continues to look bullish

Australian Dollar: USD/AUD (AUD=X) market continues to look bullish

Australian Dollar: USD/AUD (AUD=X) market continues to look bullish The Australian dollar did very little during the day on Monday, but that’s not a huge surprise considering how bullish the move on Friday was. Overall, the market continues to look bullish in general, but we should also keep in mind that there are external factors […]

Australian Dollar: USD/AUD (AUD=X) markets will be keeping a close eye on the RBA minutes

Australian Dollar: USD/AUD (AUD=X) markets will be keeping a close eye on the RBA minutes

Australian Dollar: USD/AUD (AUD=X) markets will be keeping a close eye on the RBA minutes AUD/USD showed volatility and gained about 1.0% last week. The markets will be keeping a close eye on the RBA minutes, Australian employment data and Chinese GDP. Here is an outlook for the highlights of this week and an updated technical analysis for […]

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

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

Australian Dollar: USD/AUD (AUD=X) drifting higher The Australian dollar rose against most major currency pairs on Monday, helped by firmer commodity prices and broad based US dollar weakness. After finishing last week at .7105, the AUD/USD rose to as high as .7131 during the session before eventually closing at .7126. Modest gains were also seen […]

Australian Dollar: USD/AUD (AUD=X) remains range-bound, dull and directionless

Australian Dollar: USD/AUD (AUD=X) remains range-bound, dull and directionless

Australian Dollar: USD/AUD (AUD=X) remains range-bound, dull and directionless Not even the release of US non-farm payrolls data for March could wake the Aussie dollar from its slumber on Friday, initially rising in the wake of the report before giving back ground towards the close. “March US payrolls growth beat expectations, but market reaction was […]

Australian Dollar: USD/AUD (AUD=X) likely to continue to trade rangebound

Australian Dollar: USD/AUD (AUD=X) likely to continue to trade rangebound

Australian Dollar: USD/AUD (AUD=X) likely to continue to trade rangebound Friday’s close fell inside a 50% level at .7079 and a resistance zone at .7150 to .7153. Trader reaction to these levels will set the tone for the week. Trading inside .7079 to .7153 will indicate a neutral market. The AUD/USD is likely to continue […]

Australian Dollar: USD/AUD (AUD=X) may drift a little bit lower

Australian Dollar: USD/AUD (AUD=X) may drift a little bit lower

Australian Dollar: USD/AUD (AUD=X) may drift a little bit lower The Australian dollar broke down a bit slightly during the trading session on Thursday, but quite frankly we are in a reasonable range to follow, so at this point we may drift a little bit lower but it should end up being a buying opportunity for […]

Australian Dollar: USD/AUD (AUD=X) Reserve Bank turns ‘dovish’ on economy

Australian Dollar: USD/AUD (AUD=X) Reserve Bank turns ‘dovish’ on economy

Australian Dollar: USD/AUD (AUD=X) Reserve Bank turns ‘dovish’ on economy It was buying 70.69 US cents at 7:15am (AEDT), a significant drop from yesterday’s 71.11 US cents. The dollar also experienced steep falls to 53.83 British pence (-0.6 pc), 63.09 euro cents (-0.5 pc), and 78.72 Japanese yen (-0.6pc). Currency traders sold the Australian dollar […]

Australian Dollar: USD/AUD (AUD=X) we continue to see a lot of noise in this pair

Australian Dollar: USD/AUD (AUD=X) we continue to see a lot of noise in this pair

Australian Dollar: USD/AUD (AUD=X) we continue to see a lot of noise in this pair The Australian dollar fell significantly during the trading session on Tuesday, as we continue to reach down towards the 0.7050 level. Underneath there, the 0.70 level is the beginning of massive support that should continue to have a major influence on […]

Australian Dollar: USD/AUD (AUD=X) massive amount of support below at the 0.70 level

Australian Dollar: USD/AUD (AUD=X) massive amount of support below at the 0.70 level

Australian Dollar: USD/AUD (AUD=X) massive amount of support below at the 0.70 level The Australian dollar gapped higher at the open on Monday, breaking above the 50 day EMA in the process. Over the longer-term, we continue to see buyers in this market on short-term pullbacks, as there is a massive amount of support below at […]

Australian Dollar: USD/AUD (AUD=X) RBA will be under pressure to indicate a similar shift in monetary policy

Australian Dollar: USD/AUD (AUD=X) RBA will be under pressure to indicate a similar shift in monetary policy

Australian Dollar: USD/AUD (AUD=X) RBA will be under pressure to indicate a similar shift in monetary policy The Australian and New Zealand Dollars finished mixed last week with the Aussie clawing back from early weakness and the Kiwi closing off its lows after a dovish signal from the Reserve Bank of New Zealand (RBNZ) fueled […]

Australian Dollar: USD/AUD (AUD=X) plunging the previous session in reaction to the steep sell-off in the New Zealand Dollar

Australian Dollar: USD/AUD (AUD=X) plunging the previous session in reaction to the steep sell-off in the New Zealand Dollar

Australian Dollar: USD/AUD (AUD=X) plunging the previous session in reaction to the steep sell-off in the New Zealand Dollar The Australian Dollar is trading slightly higher on Thursday after plunging the previous session in reaction to the steep sell-off in the New Zealand Dollar. Sellers hit the Kiwi hard after the Reserve Bank of New […]

Australian Dollar: USD/AUD (AUD=X) plenty of support at the 0.70 level

Australian Dollar: USD/AUD (AUD=X) plenty of support at the 0.70 level

Australian Dollar: USD/AUD (AUD=X) plenty of support at the 0.70 level The Australian dollar rolled over just a bit during the beginning of the Wednesday session, breaking through the 50 day EMA. Looking at the Australian dollar, we can see that there is plenty of support at the 0.70 level, an area that continues to be […]

Australian Dollar: USD/AUD (AUD=X) 0.70 level underneath offering significant support

Australian Dollar: USD/AUD (AUD=X) 0.70 level underneath offering significant support

Australian Dollar: USD/AUD (AUD=X) 0.70 level underneath offering significant support The Australian dollar has rallied slightly during the trading session on Tuesday as we are now above the 50 day EMA. However, we have broken above that EMA more than once so I don’t think of this as a major event. This simply shows that we […]

Australian Dollar: USD/AUD (AUD=X) market looks set to continue to rally

Australian Dollar: USD/AUD (AUD=X) market looks set to continue to rally

Australian Dollar: USD/AUD (AUD=X) market looks set to continue to rally The Australian dollar has initially pulled back on Monday but found enough buying pressure underneath the turn things around and rally significantly. By doing so, the market looks as if it continues to see the same attitude overall, simply buying dips as they occur. That […]

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness The Australian dollar initially rallied during the trading session on Thursday, showing signs of bullish pressure. However, we still have a lot of drama when it comes to the US/China situation, and therefore it’s likely that this pair will struggle as the Australian dollar will continue to be […]

F1: Ferrari (NYSE:RACE) Australia Did Not Represent Our “Real Potential”

F1: Ferrari (NYSE:RACE) Australia Did Not Represent Our “Real Potential”

$RACE Ferrari (NYSE:RACE) were the favorites as they headed to the F1 season opener in Australia after dominating pre-season testing. But in the end they didn’t make the podium, let alone trouble the top step.  The Big Q: Was talk of a genuine title tilt premature? The Big A: Ferrari boss Mattia Binotto does not […]

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of […]

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers RBA’s pessimism and soft housing market data couldn’t disappoint Aussie buyers as risk sentiment remains strong. 0.7130/35 comprising 50-day SMA acts as immediate resistance contrast to 0.7050 support. The Australian Dollar (AUD) is taking the bids around 0.7100 versus the US Dollar (USD) during early Tuesday. […]

F1: Ferrari (NYSE:RACE),What Went Wrong in Australia?

F1: Ferrari (NYSE:RACE),What Went Wrong in Australia?

$RACE Ferrari’s (NYSE:RACE) deficit to MercedesAMG was a big surprise at the Australian Grand Prix weekend, particularly given that The Scuderia ended F1’s 2 weeks of pre-season testing at Barcelona as the clear early favorite. Down under, 4X champion Sebastian Vettel qualified 3rd, but was more than 7/10’s slower than MercedesAMG’s Polesitter Lewis Hamilton, and […]

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight The Australian and New Zealand Dollars finished higher last week on relatively low volatility. In the absence of major economic releases and central bank activity, traders had to rely on outside influences such as Brexit, U.S.-China trade relations and Chinese stimulus measures. Mixed U.S. economic […]

Lucapa finds 4th +50 carat Diamond at Mothae Mine

Lucapa finds 4th +50 carat Diamond at Mothae Mine

FLASH: Australia’s Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa. The stone is the 4th diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation. While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the […]

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week AUD/USD stayed in consolidation above 0.7003 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another recovery, upside should be limited by 0.7121 minor resistance to bring fall resumption. On the downside, break of 0.7003 will resume the fall […]

F1: Ferrari’s (NYSE:RACE) Vettel Names New Racer ‘Lina’

F1: Ferrari’s (NYSE:RACE) Vettel Names New Racer ‘Lina’

$RACE FLASH: Seb has named his new Ferrari F1 car Lina ahead of the Y2019 season. Since making his debut in Y 2008, Vettel has given each of his F1 cars a girl’s name and, despite moving from Toro Rosso to Red Bull Racing to Ferrari, has continued the tradition. The name is usually decided […]

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time It has been an eventful month for the Australian economy, with GDP and other key data surprising to the downside, and interest rate expectations shifting. Regardless, at USD0.7094, the Australian dollar is unchanged from USD0.7093 when our February Market Outlook went […]

Australian Dollar: USD/AUD (AUD=X) continue to hover over a major support level

Australian Dollar: USD/AUD (AUD=X) continue to hover over a major support level

Australian Dollar: USD/AUD (AUD=X) continue to hover over a major support level The Australian dollar has pulled back just a bit during the trading session on Wednesday, as we continue to hover above the crucial 0.70 level, an area that extends all the way down to the 0.68 level on the monthly chart as a major […]

Ferrari’s (NYSE:RACE) F8 Tributo in its 1st Official Videos

Ferrari’s (NYSE:RACE) F8 Tributo in its 1st Official Videos

$RACE These videos are terrific, see all 3 for the full Ferrari (NYSE:RACE) impact. The Ferrari 458 Italia has played a core role for the iconic Italian brand since its debut in Y 2009 and has been in continuous states of improvement for 10 years. It has evolved through numerous stages and earned a new […]

F1: Ferrari (NYSE:RACE) Debuts New Livery Sans MW Branding at Melbourne

F1: Ferrari (NYSE:RACE) Debuts New Livery Sans MW Branding at Melbourne

$RACE Ferrari’s (NYSE:RACE) new SF90 F1 racer made its debut in pre-season testing with extensive branding for Mission Winnow, an initiative by title sponsor Philip Morris. But news had broken during the off-season that Australian authorities were investigating whether Mission Winnow complied with tobacco advertising laws, and Ferrari subsequently confirmed its cars would not carry Mission […]

Australian Dollar: USD/AUD (AUD=X) market now looking ahead to consumer confidence snapshot

Australian Dollar: USD/AUD (AUD=X) market now looking ahead to consumer confidence snapshot

Australian Dollar: USD/AUD (AUD=X) market now looking ahead to consumer confidence snapshot The Australian Dollar slipped on Tuesday following yet more weak economic data, headlined by weaker business confidence. The index for that from National Australia Bank came in at 2 for February, below January’s 4. It was also the lowest print since the start […]

F1: Ferrari’s (NYSE:RACE) Vettel’s Time to Perform is Here

F1: Ferrari’s (NYSE:RACE) Vettel’s Time to Perform is Here

$RACE After falling down under team management pressure in the past 2 seasons, this now Ferrari’s (NYSE:RACE) Sebastian Vettel’s, 31 anni, chance to show he can deliver a long-awaited F1 title for The Scuderia. He is motivated by the Schumacher legacy and that the young and ambitious Charles Leclerc, 21 anni, touted as F1’s next […]

Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term

Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term

Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term The Australian Dollar is trading lower on Monday. There has been to follow-through to the upside following Friday’s potentially bullish closing price reversal bottom. Friday’s volatile price action was fueled by short-covering related to the mixed U.S. Non-Farm Payrolls report. We could […]

Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely

Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely

Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely The Australian dollar had an uneventful week, as AUD/USD continues to hover just above the round number of 70. There are only three events in the upcoming week.Here is an outlook for the highlights of this week and an updated technical analysis for AUD/USD. The RBA […]

Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019

Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019

Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019 The Australian Dollar recovered off earlier lows Thursday after official data revealed a sharp increase in the January trade surplus, which offered support to the Aussie even after other figures showed household spending growth was underwhelming early in the New […]

Australian Dollar: USD/AUD (AUD=X) remains tilted to the downside as the flash-crash rebound stalls

Australian Dollar: USD/AUD (AUD=X) remains tilted to the downside as the flash-crash rebound stalls

Australian Dollar: USD/AUD (AUD=X) remains tilted to the downside as the flash-crash rebound stalls Australia’s Gross Domestic Product (GDP) report may produce a bearish reaction in AUD/USD as the growth rate is expected to increase 2.6% after expanding 2.8% per annum during the three-months through September. Evidence of a slowing economy may push the Reserve Bank […]

The Reserve Bank of Australia (RBA) meeting may keep Australian Dollar: USD/AUD (AUD=X) under pressure

The Reserve Bank of Australia (RBA) meeting may keep Australian Dollar: USD/AUD (AUD=X) under pressure

The Reserve Bank of Australia (RBA) meeting may keep Australian Dollar: USD/AUD (AUD=X) under pressure Recent comments from Governor Philip Lowe suggest the RBA will adopt a more dovish tone in 2019 as ‘available data suggest that the underlying trend in consumption is softer than it earlier looked to be,’ and the central bank may show a greater […]

Australian Dollar: USD/AUD (AUD=X) traders will looking for comments on the direction of interest rates

Australian Dollar: USD/AUD (AUD=X) traders will looking for comments on the direction of interest rates

Australian Dollar: USD/AUD (AUD=X) traders will looking for comments on the direction of interest rates The Australian and New Zealand Dollars finished sharply lower last week. The selling pressure was driven by a sharp rise in U.S. Treasury yields and weaker-than-expected domestic data. Comments were mixed over U.S.-China trade relations. Fed Chairman Jerome Powell reiterated […]

Australian Dollar: USD/AUD (AUD=X) to be determined by trader reaction to the main 50% level at .7079

Australian Dollar: USD/AUD (AUD=X) to be determined by trader reaction to the main 50% level at .7079

Australian Dollar: USD/AUD (AUD=X) to be determined by trader reaction to the main 50% level at .7079 The Australian Dollar finished lower last week, pressured by a surge in U.S. Treasury yields. However, losses were dampened by the hope of a trade deal between the United States and China. Better-than-expected U.S. Gross Domestic Product data […]

F1: Ferrari Half a Sec Ahead of MercedesAMG as Pre-season Testing Ends

F1: Ferrari Half a Sec Ahead of MercedesAMG as Pre-season Testing Ends

$RACE Ferrari’s (NYSE:RACE) Sebastian Vettel wrapped up F1’s pre-season testing with the fastest lap for Ferrari on Friday but MercdesAMG’s Lewis Hamilton kept the Silver Arrow on the pace despite Ferrari’s half sec advantage. With teams packing up and heading home before the opening race in Australia on 17 March the evidence from 8 days […]

Australian Dollar: USD/AUD (AUD=X) has sold off sharply

Australian Dollar: USD/AUD (AUD=X) has sold off sharply

Australian Dollar: USD/AUD (AUD=X) has sold off sharply A new report from three major financial institutions is suggesting that the Aussie economy could have more headwinds ahead, led by significant job losses. The reports from AMP, KPMG and UBS all point to major job losses in both the retail sector and construction. The reports point […]

Australian Dollar: USD/AUD (AUD=X) support near the 0.7050 level

Australian Dollar: USD/AUD (AUD=X) support near the 0.7050 level

Australian Dollar: USD/AUD (AUD=X) support near the 0.7050 level The Australian dollar has pulled back a bit during the trading session on Wednesday, testing the 50 day EMA. Quite frankly, if we can break down below the hammers from the previous two sessions, we could break down a bit further, something that I’m actually hoping to […]

Australian Dollar: USD/AUD (AUD=X) slips and risk markets soften as rally from Trump’s truce fades

Australian Dollar: USD/AUD (AUD=X) slips and risk markets soften as rally from Trump’s truce fades

Australian Dollar: USD/AUD (AUD=X) slips and risk markets soften as rally from Trump’s truce fades The Australian Dollar slipped from recent highs Tuesday as risk-assets softened in the wake of a strong run at the beginning of the new week and as markets renew their focus on domestic drivers of the currency.   Construction output figures […]

Australian Dollar: USD/AUD (AUD=X) extends the rebound

Australian Dollar: USD/AUD (AUD=X) extends the rebound

Australian Dollar: USD/AUD (AUD=X) extends the rebound AUD/USD extends the rebound from late last week as the U.S. and China, Australia’s largest trading partner, appear to be on track to reach a trade deal, but the exchange rate may face range-bound conditions ahead of the next Reserve Bank of Australia (RBA) meeting on March 5 as […]

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts The week started with the minutes of the Reserve Bank of Australia Monetary Policy meeting showing that the central bank saw “significant uncertainties” in the economy as property values took a nosedive. This opened the door to future rate cuts. Earlier in the […]

Australian Dollar: USD/AUD (AUD=X) struggles going forward

Australian Dollar: USD/AUD (AUD=X) struggles going forward

Australian Dollar: USD/AUD (AUD=X) struggles going forward The Australian dollar initially tried to rally during the trading session on Thursday, but then rolled over at the 0.72 handle. By doing so, it looks very likely that we are going to continue to see struggles going forward, as the market has seen this area be the beginning […]

Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050

Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050

Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050 The Australian dollar has pulled back a bit during the trading session on Tuesday, reaching down towards the 0.71 handle. At this point, there is significant support at the 0.7050 level that extends down to at least the 0.70 level. On the monthly chart, I see massive […]

Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area

Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area

Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area AUD/USD is one of the best pairs to watch to gauge sentiment toward global trade. After a swooning on dovish RBA comments earlier this month, rates stabilized near previous support in the 0.7050 area. The pair has rallied 100 pips since then, and […]

Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks

Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks

Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks The Aussie extends recovery off 0.7054 base, boosted by fresh risk appetite on optimistic tone from trade talks. Fresh extension higher cracked 0.7146 (Fibo 38.2% of 0.7295/0.7054) the lower boundary of strong resistance zone between 0.7146 and 0.7162 (consisting of Fibo barrier […]

Australian Dollar: USD/AUD (AUD=X) investors will be keeping a close eye on the RBA minutes and employment data

Australian Dollar: USD/AUD (AUD=X) investors will be keeping a close eye on the RBA minutes and employment data

Australian Dollar: USD/AUD (AUD=X) investors will be keeping a close eye on the RBA minutes and employment data The Australian dollar made considerable gains last week, after suffering sharp losses a week earlier. In the upcoming week, investors will be keeping a close eye on the RBA minutes and employment data. Here is an outlook for the highlights […]

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