AUD News Reviews 

AUD Daily Review December 4, 2019

AUD Daily Review for December 4, 2019 AUD/JPY Technical Analysis: Sellers await rising wedge confirmation amid bearish MACD AUD/JPY takes the bids near 74.40 by the press time of early Wednesday morning in Asia. The quote nears the highest levels in three weeks.   AUD/USD and NZD/USD Outlook Bearish on Positioning Signals The US Dollar may regain its strength against the Australian and New Zealand Dollars. Trader positioning signals warn that AUD/USD and NZD/USD could soon begin turning lower.   AUD/USD gets no bullish impetus from above-forecast China Services PMU…

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AUD News 

European pre-market: Aussie lags on softer GDP data

“As such, continue to pay attention to the risk mood as market participants continue to err on the side of caution amid some jitters surrounding US-China trade” reports forexlive.com. Dollar pairs are sitting within 0.1% change as we begin the session and the risk mood is also more balanced after trade worries weighed on sentiment yesterday.US futures are keeping flat with a similar mood seen in bonds, and that is keeping markets more steady in general to start European morning trade.Besides some mild weakness in the aussie, the rest of…

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AUD News Reviews 

AUD Daily Review December 3, 2019

AUD Daily Review for December 3, 2019 AUD/JPY Technical Analysis: Below 200-bar SMA inside short-term rising channel AUD/JPY takes a U-turn from immediate rising channel and declines below 200-bar Simple Moving Average (SMA) as the quote flashes 74.30 mark on early Tuesday.   USD/JPY and AUD/USD Forecast December 3, 2019 For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…   AUD/NZD Technical Analysis: Immediate falling trendline guards post-RBA recovery AUD/NZD portrays a pullback from the 16-week low while taking the bids to 1.0500 amid the initial trading session…

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AUD News 

Australia surplus boosted by gold demand

“Heightened geopolitical risk drove up demand for gold exports, the Australian Bureau of Statistics said” writes James Glynn for marketwatch.com. The surplus was helped by a strong iron ore price and increasing gas exports.SYDNEY–Australia’s current account was in surplus for a second consecutive quarter, supported by strong gold prices, expanding exports and a fall in the Australian dollar to its lowest levels in a decade. Source: marketwatch.com

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AUD News 

Police Dramatically Pop Beer Cans From Illegal Haul in Western Australia

“In October, the Fitzroy Crossing Police destroyed an estimated $2000 worth of illegal alcohol, crushing hundreds of beer cans and ramming into a tower of cases” reports news.com.au. Eager to show-off the latest crackdown on illegal alcohol sales, a Western Australia Police unit used a police vehicle to destroy around 30 cans of beer. “30 bush chooks seized from a Liquor Restricted Premises – owner will have some explaining to do when she fronts court,” Karratha Police said on Twitter. ‘Bush chook’ refers to the Emu beer brand featured in…

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AUD News 

Aussie bond yields continue to climb after RBA decision

“The notable change by the RBA this time around is in the statement as they reaffirmed their commitment to keep the cash rate on hold , citing the “long and variable lags in the transmission of monetary policy”” reports forexlive.com. AUD/USD sits at the highs for the day around 0.6845 currently as we look towards European trading. Source: forexlive.com

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AUD News Reviews 

AUD Daily Review December 2, 2019

AUD Daily Review for December 2, 2019 AUD/USD Forecast: RSI Offers Bearish Signal Ahead of RBA Meeting Recent developments in the Relative Strength Index (RSI) offer a bearish signal for AUD/USD as the oscillator snaps the upward trend from August.   Caixin China manufacturing PMI: 51.8 vs 51.7 in October, propels AUD to session highs The November Caixin China Manufacturing PMI (Markit, sponsored by Caixin) has been released which follows a surprise weekend Manufacturing PMI which r   AUD/USD Trading Prep for the Week Ahead (26 Nov 2019) In this…

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AUD News 

Australia rolls out world-first AI camera system to catch drivers on their phones

“The NSW government intends to expand the cell phone detection camera system over the next three years, aiming for over 135 million checks annually by 2023” writes Amanda Yeo for mashable.com. Similar technology has been tested in England and Saudi Arabia, but the NSW program marks the first time it has been implemented on a wide scale. Source: mashable.com

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AUD News Reviews 

AUD Daily Review December 1, 2019

AUD Daily Review for December 1, 2019 AUD/USD recovers from multi-week low ahead of second-tier Aussie data AUD/USD pulls back from October 17 low to 0.6770 amid initial Friday trading in Asia. Pessimism surrounding the US-China trade relations.   AUD/USD Technical Analysis: Short-term falling wedge keep buyers hopeful AUD/USD stays under pressure while taking rounds to 0.6765, close to the six week low, during the Asian session on Friday.   AUD/USD recovers further from multi-week lows, still below 0.6800 handle The AUD/USD pair gained some positive traction on the last…

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AUD News 

‘World first’ cell phone detection cameras rolled out in Australia…

“Andrew Constance, New South Wales’ Minister for Roads said the “world-first” technology would target illegal cell phone use through “fixed and mobile trailer-mounted cameras.”” writes Amy Woodyatt for cnn.com. Making and receiving phone calls while driving is legal in New South Wales, but using hands-free technology.Officials said that a trial of the technology earlier in the year had caught more than 100,000 drivers illegally using a phone at the wheel. Source: cnn.com

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