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 […]

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 […]

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 […]

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 […]

Australia Faces Massive Devaluation

Australia Faces Massive Devaluation

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run The Australian and New Zealand Dollars are trading higher on Tuesday, following the release of the RBA Rate Statement. At 0349 GMT, the AUD/USD is trading .7369, up 0.0011 or +0.15% and the NZD/USD is at .6961, up 0.0032 or +0.45%. The Reserve Bank of Australia […]

Australia Should Follow New Zealand and Ban Foreign Ownership

Australia Should Follow New Zealand and Ban Foreign Ownership

Australia Should Follow New Zealand and Ban Foreign Ownership Australians have been over taxed and severely handicapped financially over the last 30 years, while other countries have encouraged small business, created a citizen friendly financial system and political system. In Australia small business and workers have been treated like the enemy of the state while […]

Australian Dollar (A$) ⇨ US Dollar ($)( AUDUSD ) HEFFX Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)( AUDUSD ) HEFFX Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 0.77. The projected lower bound is: 0.74. The projected closing price is: 0.76. FOREX AUD= closed up 0.001 at 0.756. Volume was 87% […]

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) HEFFX Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 0.76. The projected lower bound is: 0.74. The projected closing price is: 0.75. FOREX AUD= closed down -0.000 at 0.750. Volume was 96% […]

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook HEFFX Notes Australian Dollar Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 0.76. The projected lower bound is: 0.74. The projected closing price is: 0.75. FOREX AUD= closed up 0.002 at 0.751. Volume […]

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook HEFFX Notes Australian Dollar Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 0.77. The projected lower bound is: 0.73. The projected closing price is: 0.75. FOREX AUD= closed down -0.006 at 0.751. […]

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook HEFFX Notes Australian Dollar Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 0.75. The projected upper bound is: 0.78. The projected lower bound is: 0.75. The projected […]

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook

Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 0.75. The projected upper bound is: 0.79. The projected lower bound is: 0.75. The projected closing price is: 0.77. […]