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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AUD News Reviews 

AUD Daily Review April 7, 2019

AUD Daily Review for April 7, 2019 AUDUSD, NZDUSD Soar on Positive US-China Trade News Before NFPs AUD/USD and NZD/USD soared as Xi Jinping and Liu He noted positive developments on US-China trade talks. Asia stocks may rise before US non-farm payrolls inspires risk aversion.   AUD/USD: On the bids around 0.7120 as US-China come closer to a deal, US NFP in spotlight The Australian Dollar (AUD) is near to 0.7120 marks versus the US Dollar (USD) during early Friday trading.   AUD/JPY traders await fresh clues to hold 100-day…

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AUD News Reviews 

AUD Daily Review April 4, 2019

AUD Daily Review for April 4, 2019 AUD/USD makes a move above 50-day MA on trade optimism, AU-US yield spread rises AUD/USD moved above the 50-day moving average (MA) of 0.7118 a few minutes before press time and is currently trading at the session high of 0.7125.   AUD/JPY: 79.35/40 continues to challenge buyers The AD/JPY pair continues to struggle with 79.35/40 area in order to justify its strength amid market optimism, lack of data.   AUD/NZD: 100-day SMA again activates profit taking on a lack of catalysts AUD/NZD trades…

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AUD News Reviews 

AUD Daily Review April 3, 2019

AUD Daily Review for April 3, 2019 AUD/USD Jumps Following the Release of Retail Sales, Trade Balance AUD/USD skyrockets following the release of better-than-expected Australian retail sales and trade balance data. How long can the jump last?   Above-forecast China services PMI pushes AUD/USD above 0.71 The already buoyed AUD/USD extended gains to a fresh session high of 0.7104 soon before press time, possibly in response to a better-than-expected Chi   AUD/CAD Outlook Bearish on Fundamental, Technical Considerations The AUD/CAD outlook appears bearish, Canadian economic data may outperform. Technical signs…

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AUD News Reviews 

AUD Daily Review April 2, 2019

AUD Daily Review for April 2, 2019 Top 5 Events: April RBA Meeting & AUDUSD Price Outlook Rates markets are currently pricing in a 3.9% chance of a rate move on Tuesday.   AUD/USD Looks to Key US Data After RBA Rate Decision The Australian Dollar violently swung before remaining broadly unchanged following the RBA rate decision. The pair is now looking ahead to key US data.   AUD/USD Rate Tracks Bearish Trend Going into April RBA Meeting AUD/USD continues to track the bearish trend from late-2018, with the Reserve…

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AUD News Reviews 

AUD Daily Review April 1, 2019

AUD Daily Review for April 1, 2019 Saudi Aramco Is The Most Profitable Company In The World, But Where Is All The Money Going? What do we learn from the much anticipated credit rating report for Saudi Aramco?   AUD Bullish: Goldman Sachs ups iron-ore price forecast Analysts at Goldman Sachs revised higher their iron-ore price forecasts for the 3, 6, and 12-month horizons. Key Quotes: “Three-month forecast raise   AUD/USD hits fresh session high on above-forecast China Caixin Manufacturing PMI AUD/USD hit a fresh session high of 0.7127 a…

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AUD News Reviews 

AUD Daily Review March 31, 2019

AUD Daily Review for March 31, 2019 AUD/USD: 50-hour MA capping upside, Australia’s housing credit growth hit record low in February AUD/USD is better bid at press time even though the data released earlier today showed Australia’s credit growth in February was the lowest on record.   USD/JPY and AUD/USD Forecast April 1, 2019 The US dollar rallied a bit during the trading session on Friday, reaching towards the 200 day EMA. The market has been bullish over the last couple of days,…   Have a nice trading!

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AUD News Reviews 

AUD Daily Review March 28, 2019

AUD Daily Review for March 28, 2019 AUD/NZD Technical Analysis: Key downtrend being challenged AUD/NZD Daily Chart AUD/NZD Overview Today last price 1.0418 Today Daily Change 0.0090 Today Dai   Aussie, New Zealand Dollars May Resume Drop If US GDP Underwhelms The Australian and New Zealand Dollars may face renewed selling pressure while the anti-risk Yen gains if a disappointing US GDP revision stokes global slowdown fears.   Aramco’s Sabic Deal Should Be A Warning To Saudi Investors The real lesson here is that the Saudi government – not regular…

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AUD News Reviews 

AUD Daily Review March 27, 2019

AUD Daily Review for March 27, 2019 AUD/NZD shoots 130 pips as RBNZ is out as a bear AUD/NZD is on bids around 1.0430 during early Wednesday. The pair rallied 130 pips to the days high near 1.0440 after the Reserve Bank of New Zealand   A $10 billion British hedge fund returned $300 million to Saudi Arabia after the Khashoggi murder Pharo Management, a UK-based hedge fund told investors it returned $300 million to Saudi Arabia in a rare rebuke to the oil giant, according to Bloomberg.   Supreme…

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AUD News Reviews 

AUD Daily Review March 26, 2019

AUD Daily Review for March 26, 2019 Forex Today: Aussie cheers Asia risk-reset; focus on Brexit/ UK politics Forex today in Asia was an eventless, quiet affair, as the sentiment was mainly driven by the risk-recovery in the Asian equities and US equity future   USD/JPY and AUD/USD Forecast March 27, 2019 The US dollar rallied rather significantly during the trading session on Tuesday, breaking the top of the hammer from Monday. This is a bullish sign, and the…   Have a nice trading!

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