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…

Read More
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

Read More
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

Read More
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

Read More
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

Read More
AUD News 

Technical Analysis AUDUSD : 2018-09-20

“August leading economic indicator ticked up in Australia while US inflation and retail sales reports were weaker than expected” reports fxstreet.com. US economic data recently were mostly weaker than expected while indicating healthy US economic growth.We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 0.7274. Source: fxstreet.com

Read More
AUD News 

AUD/USD: Tug of war for near-term bias continues

“Despite reports that trade tensions between US and China may escalate, it’s not really affecting the aussie on the day against the greenback” reports forexlive.com. The aussie moved lower earlier in the session but the trendline support helped to limit the fall before price recovers to trade back around the 100 and 200-hour moving averages.As price continues to hug the two key hourly moving averages, near-term price bias remains undefined. Source: forexlive.com

Read More