AUD News 

Australia won’t push for death penalty for alleged bombing architect

“Australia will do whatever it can to help bring Hambali to justice but will not advocate the death penalty, the foreign affairs minister, Julie Bishop, said while welcoming the US decision to prosecute the accused architect of the 2002 Bali bombing” writes Australian Associated Press for theguardian.com. A US war court has now charged Riduan “Hambali” Isomuddi over Bali and the attack on the JW Marriott Hotel in Jakarta in 2003. Source: theguardian.com Share This:

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AUD News 

Tiny outback Australian town, famous for The Big Galah, votes to house nuclear waste dump

“A tiny outback town in Australia has voted in favour of housing a dump for nuclear waste after a fierce battle that has divided the previously tight-knit farming community” writes Jonathan Pearlman for telegraph.co.uk. Supporters of the waste dump say it will dramatically boost the town’s prospects, improve the local internet connection, and inject £70 million worth of construction of roads and facilities. Source: telegraph.co.uk Share This:

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AUD News Reviews 

AUD Daily Review June 22, 2017

AUD Daily Review for June 22, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): Increasing risk of a break below 1.1105/10.We indicated yesterday that a shift to a bearish phase would not surprising unless EUR can “move and stay above 1.1175 within these few days”. The overnight high has been 1.1169 and we continue to hold the view that the immediate risk is greater on th   Muslim Capitalism: Saudi Arabia Under Review For Inclusion In Trillion Dollar Stock Index MSCI…

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AUD News Reviews 

AUD Daily Review June 21, 2017

AUD Daily Review for June 21, 2017 Saudi Royal Shake Up Brings Uncertainty There was a major shake up in the line of succession in the Saudi royal family. King Salman elevated his young son, Mohammad, to Crown Prince over many older cousins and uncles. Anxious eyes wait to see how the rest of the royal family will react.   Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB EUR/USD: Downward momentum not strong but room for further weakness towards 1.1105/10.EUR hit a low of 1.1117, holding well above the…

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AUD News Reviews 

AUD Daily Review June 20, 2017

AUD Daily Review for June 20, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): Increasing risk of a break below 1.1105/10.EUR declined sharply yesterday after edging above the key short-term resistance at 1.1210 (high of 1.1213). The pace and extent of the drop and the subsequent weak daily closing has shifted the pressure towards the downside again. That said, EUR has to break clea   Premarket: Barclays fraud; Pound slumps; Lockheed Martin deals Here’s what you need to know about the…

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AUD News Reviews 

AUD Daily Review June 19, 2017

AUD Daily Review for June 19, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): In a 1.1140/1.1265 range.We indicated last Friday that EUR is expected to stay under pressure unless it can move and stay above 1.1210. The unexpected rapid rebound just edged above 1.1210 at the time of writing (high of 1.1212) and the downward pressure has eased. That said, the outlook for EUR is still   IMM Report: ‘Considerable Amount Of Uncertainty’ For CAD, AUD N-Term Scotiabank FX Strategy…

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AUD News 

AUD/USD slips under 0.76 as Moody’s downgrades Australian banks

“Australia still enjoys a perfect credit rating: AAA from three rating agencies, or a 9 As if you wish” writes Yohay’s Google Profile for forexcrunch.com. The credit rating agency Moody’s downgraded Australia’s Big Four banks.Does the downgrade of its banks precede a downgrade of the sovereign?. The banks are ANZ, CBA, NAB, and Westpac. Source: forexcrunch.com Share This:

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Why Melbourne, Australia is becoming a better international city than Sydney

“Melbourne and Sydney have both been rated as global elite cities in A.T. Kearney’s Global Cities 2017 report” writes Chris Pash for businessinsider.com. Melbourne is on the move and is rising faster on the global rankings than Sydney.This healthy competition has seen Australian cities become prime examples of how cities can achieve sustainable growth on all fronts. Source: businessinsider.com Share This:

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