AUD News 

The aussie picks up from where it left off last week

“The aussie is continuing to quietly make its climb higher as AUD/USD buyers pick up from where they left off last week” reports forexlive.com. I’ve highlighted last week that the yields spread play is arguing in favour of upside momentum towards 0.7000 potentially so let’s see how things are shaping up now: As you can see, AUD/USD is starting to adjust higher to reflect the tightening in the yields spread (in favour of the aussie) so at this stage I reckon the currency may take things a bit slower from…

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AUD Markets News 

Aussie holds firmer ahead of European markets open

“The dollar is sitting more mixed after some weakness in US trading yesterday but narrow ranges are still observed for the most part so far” reports forexlive.com. Looking ahead, expect Brexit headlines to dominate proceedings once again but I reckon we’ll see less rumour-mongering than yesterday if anything else. Other than that, keep an eye on the risk mood as that will stay a key focus affecting trading sentiment at the moment. Source: forexlive.com

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AUD Markets News 

Dollar a tad softer ahead of European markets open

“It’s a bit more of a quiet start to the day but commentary coming out of China in support of its economy is helping to boost risk sentiment in Asia and that is helping to give the aussie and kiwi a lift higher as well” reports forexlive.com. The dollar is sitting at the bottom of the major currencies bloc as it reverses overnight gains with the Chinese yuan also holding steady against the greenback in light of the same reasoning above for the aussie and kiwi. Meanwhile, the yen is…

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AUD News 

Aussie, yuan gain on U.S.-China trade hopes

“The yuan has been supported since late last month by hopes that Washington and Beijing could reach a trade deal later this month” writes Midwest Communications Inc for 95kqds.com. The Aussie gained 0.40 percent to $0.71055 while the New Zealand dollar rose 0.45 percent to $0.6823.TOKYO (Reuters) – The Australian dollar and the Chinese yuan rose early Monday on hopes Washington and Beijing were close to a trade deal after a bitter year-long tariff dispute.”We have a gentleman that likes a very strong dollar at the Fed…The Chinese yuan ticked…

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AUD News 

AUD/USD takes a look under 0.71 as aussie woes continue in the new day

“There’s just no relief for the aussie as it continues to be pressured with AUD/USD now taking a peek just under the 0.7100 handle” reports forexlive.com. Near-term sentiment remains bearish for the pair as traders continue to wait on developments from US-China trade talks. Those will be key levels in keeping the pair afloat moving forward and I reckon it will be an area that sellers will look to take some money off until more clarity is seen on trade talks. Source: forexlive.com

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AUD News 

Will AUD/USD recapture its seasonal support this February month?

“In that light, don’t expect much from the seasonal trade above this year” reports forexlive.com. Even if AUD/USD were to rise this year, I would argue that is owes more to other developments than the seasonal trade flow seen above. It’s all about the direction of trade talks at this point in time so be wary not to get caught out chasing shadows.The most important of which would be how US-China trade talks develop in the coming weeks. Source: forexlive.com

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AUD Markets News 

Aussie maintains earlier gains ahead of European markets open

“That said, the trimmed mean reading – RBA’s preferred measure of inflation – held steady so I’d be wary of the gains posted here since AUD/USD is also running into the 0.7200 handle currently” reports forexlive.com. The dollar is a little weaker across the board as other currencies are testing extremes against the greenback now, though ranges remain relatively narrow.Risk sentiment remains tepid/muted for the most part so expect similar tones to be observed in European trading as well with markets now waiting on the Fed meeting with abated breath. Source:…

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AUD News 

AUD/USD stays pressured, closes in on the 0.71 handle

“Price now closes in on support near the 0.7100 handle as the aussie remains pressured following news that NAB has increased a number of its home loan interest rates earlier” reports forexlive.com. There are reasons to still be bearish on the aussie at this point and a break of the 0.7100 handle will give sellers more confidence in a move towards the downside.From the daily chart, price is looking to hold a break below the 23.6 retracement [email protected] 0.7118 and further support is then seen around 0.7085 after the figure…

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AUD News 

Major currencies are settling into a pre-NFP lull

“Markets will now look towards the US non-farm payrolls report for further clues on direction” reports forexlive.com. Meanwhile, the pound is doing pound things with the quid gaining some ground as Brexit developments continue to wait in the wings.Oil is up by ~2% currently and that’s helping to keep the loonie underpinned ahead of the Canadian jobs report which will be released at the same time as the US non-farm payrolls report later.The aussie is holding up well as risk sentiment remains positive on the day.E-minis are up by 1.2%…

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