AUD GBP News 

Britain ‘will aim for freedom of movement deal with Australia’

“The proposal, which would allow British citizens to live and work in Australia visa-free, and vice-versa, was part of ongoing trade talks, she said” writes Kate Proctor for theguardian.com. Free movement between Australia and the UK would be explored by the government in “post-Brexit” business talks, Liz Truss, the international trade secretary, has announced.At a press conference with the Australian trade minister, Simon Birmingham, Truss was asked about a freedom of movement proposal.Yesterday, while on a trip to Australia, Truss told journalists in Canberra that securing a trade deal was…

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AUD GBP News 

Britain hopes for trade deal with Australia within months of Brexit

“SYDNEY (Reuters) – Britain’s Trade Minister Liz Truss said on Wednesday she expects to complete a wide-ranging trade deal with Australia within months of exiting the European Union” writes Midwest Communications Inc for 95kqds.com. Australia’s Minister for Trade Simon Birmingham said a trade deal with Britain will particularly benefit the country’s agricultural sector, worth around A$60 billion.Two-way trade between Australia and Britain is worth A$26.6 billion ($18.22 billion), Australian data shows.In efforts to reduce the economic impact of Brexit, Britain is looking to line-up a series of trade deals with…

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AUD News Reviews 

AUD Daily Review September 17, 2019

AUD Daily Review for September 17, 2019 AUD/USD clings to mid-0.6800s ahead of Aussie housing data, RBA meeting minutes Having been chopped between increasing commodity prices and a broad risk-off, AUD/USD stays around 0.6860 during initial Tuesday morning in Asia.   AUD/JPY drops and pops after RBA minutes reiterate bearish bias With the contrasting signals from the RBA minutes and housing data from Australia/China, AUD/JPY seesaws around 74.20 on early Tuesday.   AUD/USD drops to 50-day MA support on RBA minutes The offered tone around the AUD strengthened, pushing the…

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AUD News Reviews 

AUD Daily Review September 16, 2019

AUD Daily Review for September 16, 2019 Crude prices spike after attack on Saudi oil facilities Brent crude prices shot up late Sunday following Saturday’s attack on Saudi Arabian oil facilities. November Brent crude was last up more than $7 a barrel,…   Less-Dovish RBA Minutes to Fuel AUDUSD Rate Rebound More of the same from the RBA may fuel the recent rebound in AUDUSD as Governor Philip Lowe & Co. appear to be in no rush to implement lower interest rates.   AUD Steady Despite 17.5-Year Low For China…

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AUD News Oil 

Dollar falls as oil attacks send investors to safety

“The Canadian dollar rose 0.5% in morning trade in Asia to 1.3224 per dollar” reports cnbc.com. Both currencies often move together with the oil price because the countries are major oil exporters.The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions.”Geopolitical risks and central bank rhetoric remain key drivers of risk this week,” Australia and New Zealand Banking Group analysts said in a note.The attacks wiped out last…

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AUD News 

Trump to meet with India, Australia leaders in U.S. next week

“WASHINGTON (Reuters) – U.S. President Donald Trump will meet next week with the leaders of India and Australia at events in Texas and Ohio to promote trade and investment” writes Midwest Communications Inc for 95kqds.com. The White House said Trump will travel to Houston, Texas, on Sept. 22 to participate in an event with Prime Minister Narendra Modi of India and to “discuss ways to deepen their energy and trade relationship.”. In June, the United States ended its preferential trade treatment for India, removing it from the Generalized System of…

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AUD News Reviews 

AUD Daily Review September 15, 2019

AUD Daily Review for September 15, 2019 AUD/USD: Stays above 50-day SMA as US spreads trade optimism Following a day of goodwill gestures from the US and China, upbeat comments from the US seems to favor the AUD/USD pair.   Saudi Aramco is gearing up for what could be the largest IPO ever. Here are 10 public offerings its massive listing would dwarf. | Markets Insider Saudi Aramco is preparing for what could turn out to be the world’s largest initial public offering. The state-run oil company is currently aiming…

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AUD News Reviews 

AUD Daily Review September 12, 2019

AUD Daily Review for September 12, 2019 AUD/USD holds tightly to 0.6860 amid cautious optimism AUD/USD seems to be chopped between the optimism surrounding the US-China trade sentiment, sluggish data at home and broad US Dollar (USD) strength.   AUD/USD: Rejected again at 50% Fib resistance AUD/USD is currently trading at 0.6870, having faced rejection at 0.6880, which is the 50 percent Fibonacci retracement of the drop from 0.7082 to 0.6   AUD/JPY stays on the front foot with US-China announcements favoring risk-on With a slew of trade positive headlines…

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AUD News 

Australia considers porn site age verification similar to troubled UK system

“A parliamentary committee initiated by the Coalition will investigate how porn websites can verify Australians visiting their websites are over 18, in a move that looks similar to the troubled UK age verification system” writes Josh Taylor for theguardian.com. Australia’s strict classification regime would mean the vast majority of adult websites would be in the focus of this inquiry.Wallace noted that “appropriately classified” adult websites in Australia would not be the focus of the inquiry. Eros Association, which represents the adult industry in Australia, said in a Facebook post it…

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