AUD News Reviews 

AUD Daily Review April 21, 2019

AUD Daily Review for April 21, 2019 AUD/USD Technical Analysis: Aiming to Test Below 0.71 Figure? The Australian Dollar looks likely to test support below the 0.71 figure, starting a process that may lead to the resumption of the long-term downtrend against its US counterpart.   AUD/USD flat-lined near 0.7150 amid Good Friday light trading The AUD/USD pair extends its consolidative phase near the midpoint of the 0.71 handle, having stalled its overnight minor bounce, in the wake of Easte   AUD/JPY struggles around 80.00 ahead of Japan inflation data…

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AUD News Reviews 

AUD Daily Review April 18, 2019

AUD Daily Review for April 18, 2019 Currency Volatility: AUDUSD Price at Risk Ahead of Aussie Jobs Data AUDUSD overnight implied volatility soars to a multi-month high following the latest monetary policy minutes from the RBA which labeled future weakness in Australia’s labor as a potential trigger to cut interest rates.   AUD/USD: Mildly bid around 0.7170 ahead of Australia employment data The AUD/USD pair is on the rounds near 0.7170 during the early Asian session on Thursday as Aussie traders await employment data.   AUD/USD seeing two-way business for…

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AUD News Reviews 

AUD Daily Review April 17, 2019

AUD Daily Review for April 17, 2019 Gold Prices May Extend Drop, AUD/USD At the Mercy of China Q1 GDP Gold prices may extend drop as XAU/USD breached support on a stronger US Dollar and rising government bond yields. AUD/USD and risk trends are at the mercy of Q1 China GDP data.   AUD/USD: Bulls target 0.7230 on upbeat China data The AUD/USD pair is taking the rounds near 0.7200 after testing the highest in eight-week past-headline economic data from China printed upbeat figures.   AUDUSD Outlook Positive After Firm…

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AUD News Reviews 

AUD Daily Review April 16, 2019

AUD Daily Review for April 16, 2019 USDCAD Support Held on Negative BoC Business Outlook, AUD Eyes RBA The Canadian Dollar fell as BoC business outlook resulted negative, fueling interest rate cut expectations as USD/CAD support held. Ahead, AUD/USD may fall to support on RBA minutes.   AUD/JPY Technical Analysis: Dips below 80.00 after RBA minutes, channel breakout still valid The offered tone around the Aussie dollar has strengthened, pushing the AUD/JPY cross to a fresh session low of 79.95. The Australian currency has com   AUD/USD sheds 10 pips…

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AUD News Reviews 

AUD Daily Review April 15, 2019

AUD Daily Review for April 15, 2019 AUD/USD turns positive as AU-US yield spread rises 6 bps, focus on today’s close The AUD/USD pair seems to have picked up a bid, tracking the rise in the spread between the Australian and US 10-year government bond yields. The curr   AUD/JPY is probing the 200-day MA hurdle in Asia AUD/JPY is currently trading at 80.33, having printed a high at the 200-day MA resistance of 80.41. The Aussie dollar, a proxy for China, picked up a   Currency Volatility: GBPUSD, EURUSD,…

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AUD News Reviews 

AUD Daily Review April 14, 2019

AUD Daily Review for April 14, 2019 Gold Prices Failed to Break Resistance, USD Rose. NZD, AUD to Fall Gold prices fell by the most in two weeks, eyeing support. The US Dollar rose as Fed rate cut expectations weakened. Increasingly vulnerable equities face Chinese trade data next.   AUD/NZD Technical Analysis: 2-week old support-line continues to favor bulls Despite witnessing pullbacks from 1.0610, the AUD/NZD pair bounced off the fortnight-long upward sloping support-line.   AUD/USD: Bids gathered at 17th March highs ahead of RBA’s Financial Stability Review The dollar…

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AUD News Reviews 

AUD Daily Review April 11, 2019

AUD Daily Review for April 11, 2019 USD/JPY and AUD/USD Forecast April 11, 2019 The US dollar went back and forth during the trading session on Wednesday, as we saw a lot of choppiness in the stock markets as well. We awaited the Federal…   AUD/USD Upside Breakout Needs Confirmation After In-Line China CPI The AUD/USD breakout higher needs confirmation after in-line China CPI data was published. For now, the Australian Dollar may rise towards resistance, awaiting Chinese trade and loan data.   EUR/USD Extends Bullish Reversal Despite Draghi, AUD/USD…

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AUD News Reviews 

AUD Daily Review April 10, 2019

AUD Daily Review for April 10, 2019 AUD/NZD Technical Analysis: Immediate supportline challenges pullback from 61.8% Fibo. AUD/NZD portrays pullback from 61.8% Fibonacci retracement of its August 2018 to January 2019 downturn as it presently trades near 1.0550 on early Wednesday.   AUD/USD Technical Analysis: 50-day SMA acts as immediate support despite welcome Aussie data, symmetrical triangle also in play The AUD/USD pair is close to the intra-day low of 0.7115 (also the 50-day SMA support) despite positive Westpac consumer confidence data from Australia.   AUD/JPY: Cold response to Australian…

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AUD News Reviews 

AUD Daily Review April 9, 2019

AUD Daily Review for April 9, 2019 AUD/NZD New Uptrend in Focus with Conflicting Technical Signals AUD/NZD may extend its recent uptrend if the Australian Dollar outperforms with local economic data, cooling dovish RBA bets. Near-term technical signals has chart support eyed.   Trump administration is baring 16 Saudis from U.S. for role in Khashoggi murder Further to the reports in the autumn of last year, where top U.S. lawmakers turned their ire on Saudi Crown Prince Mohammed bin Salman, believing that   AUD/JPY Technical Analysis: Rising wedge can challenge…

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AUD News Reviews 

AUD Daily Review April 8, 2019

AUD Daily Review for April 8, 2019 AUD/NZD Technical Analysis: 1.0520/15 is the level to beat for short-term sellers AUD/NZD is trading little negative around 1.0540 during early Monday. The quote rallied to a ten-week high of 1.0575 on Friday.   Saudi OilMin Al-Falih: Premature to say OPEC+ has consensus to extend cuts Saudi Energy Minister Khalid Al-Falih was on the wires last minutes, via Reuters, noting that Saudi Arabia is unlikely to need more production cuts. A   AUD/USD Technical Analysis: Buyers need to surpass 0.7145/50 to avoid revisiting…

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