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AUD/USD Forecast: Slowly Grinding Lower
Thursday, April 2, 2020 - 4:23pm | 290Read More...AUD/USD Current Price: 0.6049 Australian NAB’s Consumer Confidence plunged to -11 in Q1 from -2. Crude oil prices’ bounce lent temporal support to the commodity-linked Aussie. AUD/USD with the risk skewed to the downside, about to challenge 0.6000. The AUD/USD pair has fallen for a...
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AUD/USD Forecast: Bottomed At 0.6038, At Risk Of Losing The 0.6000 Level
Wednesday, April 1, 2020 - 4:24pm | 298Read More...AUD/USD Current Price: 0.6067 Australian and Chinese March manufacturing output beat the market’s expectations. US stocks back under pressure amid coronavirus crisis deepening. AUD/USD bottomed at 0.6038, at risk of losing the 0.6000 level. The Australian dollar gave up against the...
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AUD/USD Forecast: Neutral-To-Bullish In The Short-Term
Monday, March 30, 2020 - 4:45pm | 317Read More...AUD/USD Current Price: 0.6162 The Australian government will release another rescue package worth A$80 billion. China will release the official Manufacturing PMI and the Non-Manufacturing PMI. AUD/USD neutral-to-bullish in the short-term, as long as above 0.6100/10 price zone. The AUD/USD pair...
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AUD/USD Forecast: At Its Highest In Over A Week Near 0.6100
Thursday, March 26, 2020 - 4:51pm | 301Read More...AUD/USD Current Price: 0.6065 Wall Street edged sharply higher, keeping commodity-linked currencies up. Gold surged to a fresh weekly high of $1,643, retreated ahead of the close. AUD/USD at its highest in over a week near 0.6100. The AUD/USD pair is ending the day with gains around 0.6080, a...
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AUD/USD Forecast: Unable To Recapture The 0.6000 Threshold
Wednesday, March 25, 2020 - 4:49pm | 271Read More...AUD/USD Current Price: 0.5960 Australian CB Leading Economic Index up to 106.9 in January. Aussie retreated despite substantial gains in equities and steady gold prices. The AUD/USD pair is unable to recapture the 0.6000 threshold. The AUD/USD pair advanced to 0.6073, its highest in over a week...
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AUD/USD Forecast: Neutral In The Short-Term
Tuesday, March 24, 2020 - 5:15pm | 339Read More...AUD/USD Current Price: 0.5906 Australian services output plunged, manufacturing activity held into expansion territory. Gold soared amid broad dollar’s weakness and despite ruling risk appetite. AUD/USD neutral in the short-term, struggling to extend gains beyond Friday’s high. The...
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AUD/USD Forecast: Still At Risk Of Falling As Buyers Remain Side-Lined
Monday, March 23, 2020 - 4:41pm | 281Read More...AUD/USD Current Price: 0.5785 Services and manufacturing output seen contracting modesty in Australia in March. Soaring gold prices limited the downside for the Aussie. AUD/USD still at risk of falling as buyers remain side-lined. The AUD/USD pair had a relatively quiet day, ending it unchanged...
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AUD/USD Forecast: Could Resume Its Decline If Sentiment Deteriorates, Breaks Below 0.5700
Thursday, March 19, 2020 - 4:20pm | 361Read More...AUD/USD Current Price: 0.5757 RBA cut rates to record lows, announced the first-ever QE program. Australian employment data mixed, but overall indicating health in the sector. AUD/USD could resume its decline if sentiment deteriorates, breaks below 0.5700. The AUD/USD pair is ending a volatile...
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AUD/USD Forecast: At Risk Of Extending Its Slump To Fresh Multi-Year Lows
Wednesday, March 18, 2020 - 4:09pm | 371Read More...AUD/USD Current Price: 0.5781 RBA expected to cut rates by 25bps, could announce additional measures. Australia is seen having added 10,000 new jobs in February. AUD/USD bounced from 0.5700, at risk of extending its slump to fresh multi-year lows. Commodity-linked currencies were among the worst...
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AUD/USD Forecast: Recovered Slightly From A Decade-Low But Holds The Bearish Tone
Monday, March 2, 2020 - 5:30pm | 361Read More...Current price: 0.6535 AUD/USD recovered slightly from a decade-low but holds the bearish tone. The RBA could hit the Aussie with a surprise rate cut. The AUD/USD pair recovered slightly on Monday after hitting an 11-year low last Friday, as risk assets partially rebounded from recent selloff...
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AUD/USD Forecast: Battle of Wills Around 0.7000
Wednesday, January 2, 2019 - 11:48am | 401Read More...AUD/USD Current price: 0.7010 Chinese and Australian data released overnight pointed to a steeper economic slowdown in December. Equities decline, triggered by fears, favors an AUD/USD break below 0.7000. The AUD/USD pair fell to 0.7001, its lowest since February 2016, hovering nearby and...
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AUD/USD Forecast: Bit of Relief, Bearish Anyway
Friday, December 28, 2018 - 11:57am | 305Read More...AUD/USD Current price: 0.7066 Australian dollar advances modestly on equities' strength, dollar's weakness. Break of yearly low could trip stops and result in a steeper decline. The AUD/USD pair advances in thin trading, now at daily highs in the 0.7060 price zone, a shy advance when...
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AUD/USD Forecast: Aussie Rejected at 0.7200
Wednesday, December 19, 2018 - 12:41pm | 393Read More...The AUD/USD was rejected at 0.7200 as it trades above the upward sloping trendline. The prospects of a solid Australian labor market in November underpin Aussie. The US Federal Reserve is expected to raise the target range for Fed funds to 2.25%-2.50% with the monetary policy outlook is in the...
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AUD/USD Forecast: Aussie Set To Benefit From Prospects Of The Labor Market
Tuesday, December 18, 2018 - 10:12am | 445Read More...The AUD/USD is supported by the upward sloping trendline after last Friday’s selloff. The Australian labor market is expected to report the unemployment rate steady at 5.0 percent in November. The US Federal Reserve is expected to raise the target range for Fed funds to 2.25-2.50 percent,...
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Australian GDP Preview: Slowdown Unlikely To Alow The Aussie
Tuesday, December 4, 2018 - 10:18am | 549Read More...Australia is expected to report a slowdown in economic growth in Q3. The Australian Dollar continues riding on hopes for improved global trade. Australia publishes its Gross Domestic Product for the third quarter of 2018 on Wednesday, December 5th, at 00:30 GMT. The Australian economy...
