AUSTRALIAN DOLLAR OUTLOOK AUD/USD and NZD/USD rally on Monday, bolstered by broad-based U.S. dollar weakness The greenback’s pullback appears to be driven by profit-taking after a strong bullish run since mid-July Looking ahead, the U.S. inflation report for August, to be released on Wednesday, will be the main focus of the currency markets. Trade Smarter
Australian Dollar Vs US Dollar, Euro, British Pound – Price Setups: AUD/USD is attempting to form a temporary base. The consolidation/correction in EUR/AUD and GBP/AUD may not be over yet. What is the outlook and the key levels to watch in select AUD crosses? Recommended by Manish Jaradi Forex for Beginners AUD/USD: Growing odds of
Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar absolutely crushed it against its major counterparts this past week. In fact, the Euro confirmed its 8th weekly loss against the Greenback, matching an identical losing streak back in 2014. A 9th disappointment would mean the longest monthly losing streak since 1997! But,
Australian Dollar, AUD/USD, AUD/JPY, Symmetrical Triangle – Technical Update: Australian Dollar remains pressured after recent losses AUD/USD closed at its lowest since early November Meanwhile, AUD/JPY is facing a Symmetrical Triangle Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar closed at its weakest against the US Dollar since early November, opening
Share: AUD/USD traded in the 0.6360 – 0.6400 range on Wednesday. USD gained momentum after ISM Service PMIs and the Fed’s Beige Book releases. The odds of one last hike by the Fed are gaining more relevance. In Wednesday’s session, the AUD/USD traded neutral but remained vulnerable below 0.6400. On the one hand, strong
AUD/USD, Australian Dollar, RBA, GDP – Talking Points: The Australian economy slowed in Q2, but less than expected. AUD/USD declined after the data release and is now testing key support. What’s next for AUD/USD? Recommended by Manish Jaradi Options for Beginners The Australian dollar fell against the US dollar after the Australian economy slowed in
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Japanese Yen Forecast: USD/JPY Blasts Off as Broader US Dollar Breaks Out AUD/USD SENTIMENT ANALYSIS Sentiment data from IG shows that 86.20% of traders are net long, with the bullish-to-bearish ratio
Westpac note on the Fed, China, and the Australian dollar. The US economy and the equity market have proved much more resilient to the FOMC’s tightening cycle than earlier anticipated. Our expectation for (US) inflation … 6–month annualised inflation back at 2.0% by end–2023 and the annual rate around 2.0%yr by mid–2024. It is the
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On Tuesday [05/09], the Reserve Bank of Australia will make a decision on interest rates, which are expected to remain unchanged for the third consecutive month. Weaker economic growth makes the RBA likely to be more cautious this time around. GDP figures due to be released on Wednesday [06/09] will show whether growth slowed or
