Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBA. Lower AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, Powell FOMC, RBA, Lowe – Talking Points The Australian Dollar has had a look lower to start the week AUD/USD is under pressure as the US Dollar reclaims the ascendency Tuesday will see the RBA decide on rates. Will it turn AUD/USD around? Recommended by Daniel McCarthy Get Your […]
Aussie can benefit from the most resilient real growth in G10 – SocGen
Since its low in October, AUD/USD has been recovering strongly. Economists at Société Générale expect the pair to enjoy further gains. China’s growth spark is benefiting Australia “The Chinese reopening remains the dominant macro theme in FX, while AUD/USD performance is strongly linked to Chinese equities.” “China’s growth spark is also benefiting Australia. Both China […]
AUDUSD falls to 2- week low and below 50% of 2023 range but rebounds
AUDUSD moves back to swing area The AUDUSD moved lower with the USD move up after the stronger than expected US jobs data and the stronger ISM data. The US jobs report took the price away from its 100 and 200 hour moving averages up at 0.7069 and 0.7081. In the Asian session, the price […]
AUD/USD losses traction and plummets to two-week lows around 0.6930s after solid US data
AUD/USD falls sharply by more than 100 pips on US economic data. The US Nonfarm Payrolls report almost tripled the market’s expectations for job creation. US ISM Non-Manufacturing PMI is back at expansionary territory. AUD/USD collapsed after US economic data on Friday showed that the labor market remains tight, and it would keep the US […]
AUD/USD is seen navigating within 0.7000-0.7135 – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, AUD/USD could now trade between 0.7000 and 0.7135 in the short term. Key Quotes 24-hour view: “We highlighted yesterday that ‘the sharp and rapid rise appears to be overdone but AUD could rise above 0.7170 first before easing’. AUD […]
AUD/USD refreshes day low below 0.7070 despite upbeat Caixin Services PMI
AUD/USD has dropped to near 0.7064 as the market mood has soured. The upbeat Caixin Services PMI at 52.9 failed to provide support to the Australian Dollar. An interest rate hike of 25 bps is expected from the RBA next week. The AUD/USD pair has printed a fresh day’s low at 0.7064 despite the IHS Markit has […]
AUDUSD potential to Bullish Continuation
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleAUDUSD, H4 | Potential to Bullish Continuation TypeBullish Continuation Preference:We are seeing the price break the 1st resistance level. Looking for a buy entry at slightly below the resistance at 0.71453, take profit […]
AUD/USD slides towards 0.7000 as unimpressive China data joins RBA, Fed concerns
AUD/USD renews intraday low amid sour sentiment, mixed data. China Caixin PMI fails to overcome 50.0 mark despite improving in January. Mixed concerns over RBA’s next move, especially after strong inflation and downbeat Retail Sales, weigh on Aussie prices. Cautious mood can weigh on risk-barometer pair ahead of Fed’s verdict. AUD/USD takes offers to refresh […]
Upbeat China PMI, IMF growth forecasts probe bears around mid-0.7000s
AUD/USD picks up bids to challenge two-day downtrend. China official PMIs came in firmer for January, IMF revised up growth forecasts. Aussie Retail Sales, cautious mood ahead of the key data/events previously weighed on prices. US data eyed ahead of Fed meeting, risk catalysts are important too. AUD/USD probes the two-day downtrend while picking up […]
Australian Dollar Skips a Beat on Chinese PMI and Domestic Data. Where to for AUD/USD?
The Australian Dollar nudged a notch higher after firm Chinese PMI numbers, while local statistics showed an economy potentially losing steam. Will AUD/USD turn lower? Source link