AUD News Reviews 

AUD Daily Review October 8, 2018

AUD Daily Review for October 8, 2018 GBP Up, AUD/USD Price May Fall with Stocks. Brazil Election Eyed British Pound prices soared again on the Brexit news. Ahead, AUD/USD may fall alongside stocks while the markets eye the outcome of the first round   AUD/USD bulls up to test pivot on Chinese services, USD/CNH extending downside AUD/USD is consolidating, most notably on the 4hr stick where it has printed a downside spinning top and opened on the bid at the start of the week, n   AUD/JPY keeps gains after…

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AUD Markets News 

Why are investment banks nervous about Australia’s cartel case?

“This is the first time a probe has led to charges alleging criminal cartel conduct in the financial sector” reports businessinsider.com. Cartel charges in Australia come with a maximum penalty of three times the profit made from the cartel activity or 10 percent of a firm’s revenue. Meanwhile, the Royal Commission continues, and ANZ alongside Australia’s other three major banks are scheduled to face questioning over the interim report before a parliamentary committee in Canberra this week. Source: businessinsider.com Share This:

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AUD News Reviews 

AUD Daily Review October 7, 2018

AUD Daily Review for October 7, 2018 AUD/USD Technical Analysis: Aiming Below 0.70 After Support Break The Australian Dollar resumed the down move against its US counterpart, with prices now poised to make their way below the 0.70 figure.   Saudi Arabia to invest $20 billion in spare oil production capacity – Reuters Saudi Arabia will invest $20 billion in the next few years to maintain and possibly expand its oil production capacity, Saudi Energy Minister Khalid a   AUD/USD bucks on Retail Sales beat forecasts, barely The AUD/USD peeked…

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AUD News 

Australia launches inquiry into mental health’s impact on productivity

“MELBOURNE (Reuters) – Australia has commissioned an inquiry into the impact mental illness has on economic productivity, the government said on Sunday” writes Midwest Communications Inc for 95kqds.com. The 18-month inquiry by the country’s Productivity Commission will provide recommendations on how to improve the social and economic participation of Australians struggling with their mental health.A total of A$9 billion ($6.4 billion) in government money is spent each year on mental health funding, equivalent to A$1 million per hour. “It is crucial that we know that this funding is delivering the…

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AUD GBP News 

British man killed by sea snake while working on trawler in Australia

“The 23-year-old, whose identity is not yet known, was pulling up a net when he was bitten by the venomous reptile at about noon on Thursday” writes Fraser Nelson for telegraph.co.uk. “A trawler off Groote Eylandt had reported that one of their male crewmen had been bitten by a sea snake,” Mr Garraway said, according to the ABC. “The Groote Island health clinic and police responded to the trawler, but unfortunately the male passed away.”.  Source: telegraph.co.uk Share This:

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AUD News Reviews 

AUD Daily Review October 4, 2018

AUD Daily Review for October 4, 2018 AUD/USD pinned to 0.71 on rising Greenback The AUD/USD has tumbled back into 2018 lows near the 0.7100 barrier as the US Dollar continues to rise against the majority of G10 currencies, fueled   Fed Rate Hike Bets Leave Nikkei 225 at Risk, AUD/USD Eyes New Low? Italy news, ISM services data and a speech from Fed Chair Jerome Powell boosted the US Dollar and bond yields which poses a risk for   AUD/JPY Technical Analysis: On the defensive, eyes trendline support Hourly…

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AUD Markets News Regulators 

Asia markets slip; rising rates weigh on investors

“Asia markets were lower on Thursday, with investors grappling with rising rates after strong U.S. economic data was released overnight” writes Eustance Huang for cnbc.com. The Nikkei 225 slid by 0.56 percent to close at 23,975.62, while the Topix index ended the trading day slightly weaker at 1,801.19. China’s markets are closed for the Golden Week holidays. Source: cnbc.com Share This:

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AUD News Reviews 

AUD Daily Review October 3, 2018

AUD Daily Review for October 3, 2018 Post-RBA AUD/USD Weakness to Persist as Bearish Trend Remains Intact AUD/USD is under pressure following the RBA meeting, with the exchange rate at risk for further losses as it continues to track the bearish trend   AUD/JPY: eyes on USD/CNH, USD/JPY and DXY while AUD/USD holds below key 0.72 confluence level AUD/JPY found a bid as markets started to recover late in the European day and while USD/JPY regathered from lows of 11360 to a high of 113.90 in Lond   Italy, Emerging…

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AUD News 

Tech giants allied against proposed Australia law seeking encrypted data

“The government has said the proposed law is needed amid a heightened risk of terror attacks” writes Midwest Communications Inc for 95kqds.com. Australia in August proposed fines of up to A$10 million ($7.2 million) for institutions and prison terms for individuals who do not comply with a court request to give authorities access to private data.If the bill becomes law, Australia would be one of the first nations to impose broad access requirements on technology companies, though others are poised to follow.The so-called Five Eyes nations, which share intelligence, said…

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