AUD News 

AUD/USD runs into key near-term resistance as focus turns towards US payrolls

“That said, I would not expect risk assets to rally too much given a potential for the tides to turn following the release of the US payrolls” reports forexlive.com. However, even if risk suffers later on in the day, AUD/USD may not necessarily be hammered outright.Looking at the bigger picture, the 0.7000 handle remains a key psychological handle and will be one that gets called into question again if risk turns sour later. Something to consider as we get closer towards the US payrolls later in the day.Markets will be…

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AUD Markets News 

Australian GDP growth may slow, but AUD/USD remains bullish

“A mediocre growth rate of 0.4% or lower would already cause a rethink. 0.4% QoQ is below 2% annualized and could push the yearly growth rate to around 3% or below” writes Yohay’s Google Profile for forexcrunch.com. All in all, the Aussie is enjoying an uptrend and a slowdown in growth is unlikely to change that.Australia publishes its Gross Domestic Product for the third quarter of 2018 on Wednesday, December 5th, at 00:30 GMT. The Australian economy enjoyed a robust growth rate of 0.9% QoQ and 3.4% YoY in Q2.So,…

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AUD Markets News 

ASIC review finds high-frequency traders responsible for 25% of all AUD/USD trading

“High-frequency traders now account for 25% of all AUD/USD trading, down from a high of 32% in early 2013” reports financefeeds.com. High-frequency traders retain a large presence in this segment but their contribution to turnover has fallen from 27% to 25%.The Australian Securities & Investments Commission (ASIC) has earlier today reported on its latest review of high-frequency trading.High-frequency traders are contributing disproportionately to the price discovery process but, at the same time, their contribution is trending down.The number of high-frequency traders in AUD/USD has kept falling but their relative concentration…

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AUD News 

AUDUSD moved to new highs but backs off after data

“Today in quiet trading, the low reached 0.7096 which is just above the broken trend line” reports forexlive.com. If the price moves below the broken trend line, there should be more downside potential.Looking at the daily chart, the price yesterday took out the topside trend line at 0.7196.The PPI data was higher than expected with YoY moving to 2.1% from 1.5% in the 2Q. That was the highest level since June 2014. Source: forexlive.com

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AUD News 

EURUSD extends to new session highs. So does AUDUSD.

“The price moved briefly above that MA line on Monday, but quickly reversed (see blue line in the chart below)” reports forexlive.com. The EURUSD has moved to a new session high and in the process is looking to test/break the topside trend line at 1.1345. The price just moved above the week’s high at 0.71217 ant that opens the door for a move toward the 0.71505. Source: forexlive.com

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AUD News 

AUD/USD climbs, tests 100-hour moving average as risk sentiment recovers

“In doing so, near-term price bias will turn neutral but more importantly it will put an end to the near-term bearish bias” reports forexlive.com. As mentioned before, as we move closer towards 0.7000, it makes for an attractive proposition for shorts to get some money off the table and yesterday’s price action continues to suggest that. Source: forexlive.com

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AUD Markets News 

AUD/USD Forecast October 15-19 – Not out of the danger zone yet, busy week ahead

“The round number of 0.70 is closely watched by many market participants” writes Yohay’s Google Profile for forexcrunch.com. Here are the highlights of the week and an updated technical analysis for AUD/USD. Stocks markets tumbled down and this adverse atmosphere weighed on the Australian Dollar, a risk currency. Source: forexcrunch.com

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