AUD News 

AUD/USD creeps higher as buyers seize back near-term control

“In overnight trading, buyers leaned on support close to the 0.6800 handle and that has helped to provide a platform to build on a move higher in trading today” reports forexlive.com. Right now, the aussie has managed to work its way past both the 200-hour MA (blue line) and the 100-hour MA (red line) against the dollar as buyers seize back near-term control.The pair is continuing to find more momentum to the upside as the aussie is building on its gains from a push higher in AUD/NZD when the pair…

Read More
AUD News Reviews 

AUD Daily Review December 10, 2019

AUD Daily Review for December 10, 2019 When is China CPI/PPI data and how could they affect AUD/USD? Early on Tuesday around 01:30 GMT, the market sees November month headline inflation numbers from China, namely the CPI and the PPI.   Australian Dollar Outlook in AUD/USD, AUD/JPY After China CPI The Australian Dollar is vulnerable to volatility on the Fed and UK General Election after Chinese CPI data surprised higher. I discuss the technical outlook in AUD/USD and AUD/JPY.   AUD/USD holds above 0.6800 handle, lacks any meaningful traction The…

Read More
AUD News Reviews 

AUD Daily Review December 9, 2019

AUD Daily Review for December 9, 2019 AUD/USD soaking-up positive trade sentiment, weighed by post NFP US dollar On what is to be a bust week from the American calendar and quiet for Australia, AUD/USD is slightly offered in a relatively quiet session post-Nonfar   AUD/USD slides to 0.6820 horizontal support The AUD/USD pair refreshed daily lows during the early European session on Monday and is currently placed near the 0.6820 horizontal support. The pair   EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility There…

Read More
AUD News Reviews 

AUD Daily Review December 8, 2019

AUD Daily Review for December 8, 2019 AUD/USD stays under pressure around 0.6830 while beginning the NFP day AUD/USD declines to 0.6830 during the initial Friday morning in Asia. The quote stretches losses made on Thursday as the second-tier Aussie data came in down.   AUD/NZD bears stepping off the gas in 1.04 lands, eyes on 21 4-hour MA ceiling AUD/NZD is currently trading at 1.0445 in a narrow range between 1.0433 and 1.0449. Profit-taking has ensued and enabled a correction to the upside in   AUD/JPY trades with modest…

Read More
AUD News 

Country ‘risks being dumping ground’ for cars with potent greenhouse gas

“Australia is at risk of becoming a dumping ground for cars pre-charged with a greenhouse gas 1,400 times more potent than carbon dioxide, industry groups warn” writes Royce Kurmelovs for theguardian.com. HFO-1234yf has no impact on the environment as a greenhouse gas, but is slightly more flammable under very specific circumstances. Source: theguardian.com

Read More
AUD News 

Australia doesn’t want to ‘give ammunition’ to people smugglers

“The government is refusing to confirm reports it will take up ‘the New Zealand offer’, after securing Jacqui Lambie’s vote to repeal the contentious medevac legislation” reports news.com.au. Home Affairs Minister Peter Dutton has warned the recent debate over the medevac legislation has shown “had Labor been elected in May, the boats would already have been back on the water”. Source: news.com.au

Read More
AUD Crypto News 

Major Drug and Crypto Bust Occurs in Australia

“In Australia, law enforcement officials have uncovered $1 million in cryptocurrency thanks to an alleged drug bust” writes Nick Marinoff for livebitcoinnews.com. The couple also had access to a mobile device which was storing approximately $1.5 million in assorted crypto funds.Detective senior sergeant Paul Matthews – who’s overseeing the case in Australia – says that the cryptocurrency seizure is arguably the largest of its kind in the whole of Australia.Situations like these do not strike a positive chord for the crypto industry, as one can undoubtedly imagine. Source: livebitcoinnews.com

Read More
AUD News Reviews 

AUD Daily Review December 5, 2019

AUD Daily Review for December 5, 2019 Australian Dollar Forecast: AUD/USD, AUD/JPY Test Key Resistance The Australian Dollar has climbed versus the US Dollar and Japanese Yen in the last few months, despite waning risk appetite, so are the rebounds overdone or just beginning?   AUD/USD, NZD/USD, USD/JPY Positioning Analysis – 12/03/2019 This week, DailyFX Analyst Daniel Dubrovsky discussed the outlook for AUD/USD, NZD/USD and USD/JPY incorporating trader positioning on top of fundamental and…   Post-RBA AUD/USD Rebound Vulnerable to Waning Hopes for US-China Deal The recent rebound in AUD/USD…

Read More
AUD News 

Calls for Magnitsky-style act to be used in Australia

“The Magnitsky Act – as it stands in the United States – authorises the US government to sanction those who it sees as human rights offenders, freeze their assets, and ban them from entering the country” reports news.com.au. Ms Kitching said “there are very stringent checks and balances” because of what it enables the government to prosecute on an individual and their assets. Source: news.com.au

Read More