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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AUD Markets News 

‘Flash crash’ rips through Asia’s currency markets sending the yen into orbit and the Aussie dollar crashing to Earth

“If so, we’d expect Aussie dollar to be trading back reasonably comfortably above 0.70 before Q1 is out.”” writes Vatsal Srivastava for businessinsider.com. Against the yen, the Aussie dollar fell 2.2 percent to 74.37.Weaker-than-expected data out of China, Australia’s largest trade partner has taken the shine off the Aussie dollar in recent weeks.The euro was marginally higher at $1.1340 in Asian trade.In early Asian trade, the dollar tumbled to an intra-day low of 104.96 yen, its lowest since March 2018 before recovering some of its losses as trading progressed. Source: businessinsider.com

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AUD News 

Yen soars, Aussie tumbles as fresh growth worries trigger foreign exchange ‘flash crash’

“Against the yen, the Aussie dollar fell 1.8 percent to 74.67” writes unknown author for cnbc.com. In early Asian trade, the dollar tumbled to an intra-day low of 104.96 yen, its lowest since March 2018.Weaker-than-expected data out of China, Australia’s largest trade partner has taken the shine off the Aussie dollar in recent weeks.The Aussie dollar last traded at $0.6931, down 0.74 percent.The spike in risk aversion triggered massive stop-loss flows from investors who had held short positions on the yen for months. Source: cnbc.com

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AUD Markets News 

Aussie leads as equity gains lift sentiment ahead of European markets open

“There isn’t much other notable movement in the currencies space with changes between major currencies being ~0.1%” reports forexlive.com. US equity futures are also trading higher so that’s helping to keep up with the good mood as well.That helped to give a push higher in the aussie and yen pairs to start the day and not much has changed since.The dollar is mixed but with markets facing a time of lighter volumes it’s hard to read anything into the moves this early on. Source: forexlive.com

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AUD News 

Temenos Preps For Aussie Open Banking With Avoka Takeover

“Avoka analysts warned that this can place added time pressures on small business owners, with only 24 percent of small business banking products able to be opened online” reports pymnts.com. Earlier this year, Temenos partnered with Greece’s first challenger bank, Praxia Bank, which will focus on small business and consumer lending.Avoka will enable Temenos to add “customer portability” to its offering for banks as it provide support to migrate to the open banking regime, reports said.Temenos has targeted Australia as it prepares to introduce its own open banking initiative next year,…

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AUD News 

Credit Suisse Backs Aussie Challenger Bank Judo With $250M

“Australia-based challenger bank Judo Capital has raised more than $250 million from Credit Suisse Australia, according to reports” reports pymnts.com. Business Insider Australia said Monday (November 26) that Credit Suisse has provided the credit facility worth AUS$350 million to fuel Judo’s small business lending operations. Earlier this month the government announced an initiative to purchase up to $1.44 billion in small business loans from non-bank lenders to heighten SMB loan availability. Source: pymnts.com

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