AUD News 

Australia Is Looking to Grill Libra Even Harder

“Financial regulators in Australia are looking to put more pressure on Libra” writes Nick Marinoff for livebitcoinnews.com. The Australian regulators in question cite a very “poor” meeting that occurred between them and representatives of Libra back in October.After all, it’s not like Facebook had been responsible with separate financial data in the past. Source: livebitcoinnews.com

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AUD News Reviews 

AUD Daily Review November 10, 2019

AUD Daily Review for November 10, 2019 US Dollar Price Volatility Report: USD/JPY, AUD/USD, USD/CAD USD/JPY, USD/CAD and AUD/USD price action comes into focus for Friday’s trading session with US consumer sentiment data, a Canadian jobs report and US-China trade headlines expected to stir volatil…   AUD/USD keeps losses after above-forecast China data A better-than-expected China trade balance is struggling to put a bid under the Aussie Dollar – a G-7 proxy for China. The nation’s trade balance wide   AUD/USD technical analysis: Choppy price action of late – price…

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AUD Crypto News 

Power Ledger Strikes Deal to Roll Out Blockchain in South Australia

“Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia” writes Helen Partz for cointelegraph.com. In the press release, Power Ledger said that the new commercial deal is the first large-scale roll out of its energy trading technology.The deal follows on from Power Ledger’s first energy trading pilots in Western Australia launched in September 2019.Within the partnership, Power Ledger will be integrating its blockchain-based energy trading application Virtual Power Plant (VPP) to a commercial offering of Australian electricity wholesaler…

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AUD Markets News 

USD the strongest and AUD the weakest currency on continued risk off theme

“This is a fragile risk off market and traders need to remain aware, I know it is frustrating, of the potential for risk to flip on an US-China trade news headline” reports forexlive.com. The risk off tones have led to bids in the USD. The AUD, NZD and CAD currencies are all weak as you would expect in a risk off market. Source: forexlive.com

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AUD News Reviews 

AUD Daily Review November 7, 2019

AUD Daily Review for November 7, 2019 AUD/JPY technical analysis: Rising wedge, 50-bar SMA stop sellers above 74.80/75 Despite witnessing a pullback from the highest since July 26, AUD/JPY still stays above the key support confluence while taking rounds to 75.00.   Federal prosecutors charged two former Twitter employees with spying on behalf of Saudi Arabia The defendants allegedly spied on more than 6,000 Twitter accounts beginning in 2015 at Saudi Arabia’s behest.   AUD/USD Technical Analysis: 100-day EMA limits downside risk Following its break of a three-week-old ascending support…

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AUD News Reviews 

AUD Daily Review November 6, 2019

AUD Daily Review for November 6, 2019 AUD/USD looks for fresh direction to extend the recovery amid recent challenges to risk-on Despite rising to challenge late-October highs during the previous day, AUD/USD buyers catch a breath amid mixed fundamental signals.   Gold Price Prediction, AUD/USD Outlook Using Trader Positioning Trader positioning hints that gold prices may turn lower while the US Dollar could weaken against the Australian Dollar. XAU/USD, AUD/USD face key psychological barriers though.   AUD/USD Analysis: RBA Meeting Fails to Foster Break of October High The monthly opening…

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AUD Markets News 

Virgin Australia to cut domestic capacity by 2%, axe Melbourne-Hong Kong

“SYDNEY (Reuters) – Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2% in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday” writes Midwest Communications Inc for 95kqds.com. “Flying to the right destinations, with the right customer demand, and the right sized fleet will improve our financial performance,” Virgin Chief Executive Paul Scurrah said at the airline’s annual meeting in Brisbane.Virgin competes against deeper-pocketed rival Qantas Airways Ltd in…

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AUD News Reviews 

AUD Daily Review November 5, 2019

AUD Daily Review for November 5, 2019 Australian Dollar (AUD): RBA Meeting Preview & Aussie Outlook The Australian Dollar comes into focus with another RBA decision due Tuesday at 2:30 GMT which follows the central bank’s previous decision to cut rates by 0.25% last month and third time this year.   AUD/JPY technical analysis: On the back foot inside two-week-old ascending channel Despite pulling back from month-month high recently, AUD/JPY manages to remain inside a short-term bullish technical formation.   USD/JPY and AUD/USD Soar as US Mulls Lifting Some Chinese…

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AUD Markets News 

The AUD is the strongest while the CHF is the weakest as NA traders enter for the day

“As North American traders enter for the trading day, the AUD is the strongest” reports forexlive.com. The French OAT yield nearly reached the 0.0% level (the high reached -0.006%) before backing away from that key level.In the European debt market yields are also marginally higher with Germany and France yields leading the way.Spot gold is down -$9.27 or -0.61% at $1500.60 WTI crude oil is up $0.51 or +0.88% at $57.04 In the premarket for US stocks, the major indices are trading higher.Stocks are moving higher again in pre-market trading which is…

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AUD News 

AUDUSD tests 100 hour MA ahead of the RBA decision in the new day

“In the process, the price has moved to test the rising 100 hour MA at 06893” reports forexlive.com. The RBA cut rates in October to 0.75% from 1.0%.The AUDUSD has moved to a new session low as London/European traders look to exit.NOTE: The RBA will announce their decision on rates at 10:30 PM ET with the expectations for now change (94% chance of no change). Source: forexlive.com

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