AUD News Reviews 

AUD Daily Review October 10, 2019

AUD Daily Review for October 10, 2019 AUD, NZD Pop Higher On Report US Considering China Currency Pact News that some progress might be made in US/China trade talks boosted growth correlated currencies, as did reports that the US will allow some companies to supply Huawei.   AUD/USD technical analysis: Better bid, but breakout still elusive AUD/JPY is currently trading at 72.56, representing 0.40% gains on the day. The currency pair picked up a bid near 72.00 after the news of a potential   AUD/USD jumps 30 pips as US…

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AUD News Reviews 

AUD Daily Review October 9, 2019

AUD Daily Review for October 9, 2019 AUD/USD shuffling its feet near 0.7250 The AUD/USD was one of the least-exciting pairs of the G10 markets through Thursday’s trading sessions, settling into a barely 35-pip range heading in   Oil prices crash to their lowest level of 2018 despite Saudi Arabia’s proposed production cut Oil markets continued to drop Friday as persistent concerns about a glut in supply were exacerbated by weaker economic conditions.   Following Saudi Oil Attack, Aramco Pushes Ahead With IPO Plans and Restoring Oil Production Saudi Aramco…

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AUD News Reviews 

AUD Daily Review October 7, 2019

AUD Daily Review for October 7, 2019 AUD/USD: Traders sit tight in anticipation of trade talks We are closed in Sydney and China today, and meanwhile, AUD/USD is a touch soft in the open on Monday as we await trade talks to recommence this week.   AUD/USD Rate Rebound Rattled by Fears of Prolonged US-China Trade War Signs of a prolonged US-China trade war may continue to rattle the recent rebound in AUD/USD as it puts pressure on the RBA to further embark on its rate easing cycle.   AUD/USD…

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AUD News 

AUDUSD down but bouncing off support.

“The AUDUSD is down but has bounced off support defined by a trend line on the hourly chart (see red circle 5)” reports forexlive.com. The high on Friday did stall just before level (see green circle 12) SUMMARY: For bulls/buyers close support at 200 hour MA.  Other support at the 100 hour MA and the underside of the broken trend line at 0.67283. Source: forexlive.com

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AUD News 

Australia to help Solomons build security infrastructure project

“MELBOURNE (Reuters) – Australia will help the Solomon Islands build a border and patrol boat outpost, the prime ministers of the two countries said on Monday, as they hailed their security cooperation and friendship” writes Midwest Communications Inc for 95kqds.com. “Australia’s support for a border and patrol boat outpost will enhance infrastructure and security cooperation between our countries, and support Solomon Islands’ border security,” the leaders said, according to a joint statement released by the Australian prime minister’s media office. Source: 95kqds.com

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AUD News Reviews 

AUD Daily Review October 6, 2019

AUD Daily Review for October 6, 2019 Treasury political appointee may have tried to interfere in Trump audit: report An Internal Revenue Service official has filed a whistleblower complaint saying he was told at least one Treasury Department political appointee tried to…   AUD/USD: Better bid despite weak rebound in Aussie retail sales The already bid AUD/USD is extending gains on the back of an upbeat Aussie macro data released soon before press time. Consumer spending, as represent   Aussie retails sales miss expectations and Financial Stability Review arrives (AUD…

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AUD News Oil 

Shell promotes Australia head to run global conventional oil, gas unit

“MELBOURNE (Reuters) – Royal Dutch Shell has promoted its current Australia chief, Zoe Yujnovich, to the role of executive vice president for conventional oil and gas from Jan. 1, based in the group’s headquarters in The Hague, Shell Australia said on Friday” writes Midwest Communications Inc for 95kqds.com. The current head of eastern Australian operations, Tony Nunan, has been promoted to succeed Yujnovich as country chair for Australia, Shell Australia said. “(Australia) is integral to our global strategy to lead in LNG and move into power to provide more and…

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AUD News Reviews 

AUD Daily Review October 3, 2019

AUD Daily Review for October 3, 2019 AUD/USD technical analysis: Nearing key resistance at 0.6719 AUD/USD is flashing green at press time despite the weak Australian trade data. The currency pair needs to rise above key resistance at 0.6719 to conf   AUD/CHF Technical Analysis: Bears seeking a break to channel bottoms, below 61.8% Fibo AUD/CHF has been resilient against the odds, considering the risk-off tone in markets were otherwise, the CHF usually performs. The Swiss Nation Bank   AUD/JPY remains resilient near 71.90 despite dismal Aussie trade data AUD/JPY…

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AUD News Stocks 

Asia stocks set to slip as fresh trade concerns ramp up over EU tariffs

“Stocks in Asia traded lower Thursday morning on fresh trade concerns, with the U.S. announcing it’s set to slap tariffs on European Union goods” writes Eustance Huang for cnbc.com. The Nikkei 225 in Japan fell 1.75% in early trade, with shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all dropping more than 1.5% each.The Topix index also slipped 1.69%.The heavily-weighted financial subindex fell more than 2%, with shares of the country’s so-called Big Four banks seeing declines: Australia and New Zealand Banking Group slipped 2.57%, Commonwealth Bank of…

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