An initial move higher in Wall Street last Friday eventually faded into the close (DJIA -0.43%; S&P 500 -0.53%; Nasdaq -0.36%), as market participants took the opportunity for further profit-taking into the seasonally weaker month of August. The focus was on the US July non-farm payroll report, which saw a miss in job addition for
The AUDUSD followed the trend in the US dollar to the downside, but Azucena reversal over the last few minutes. Technically the price moved above its 100-hour moving average of 0.65975. It also moved above a swing area between 0.6595 and 0.6603. The high price reached 0.6607 but has since rotated back to the downside
Share: Australian Dollar rallies versus the US Dollar on Friday after Nonfarm Payrolls misses expectations. The Aussie had already been recovering after markets adopted a risk-on mode reflected in rising Asian stock indices. AUD/USD found a floor at 0.6514 on Thursday and then recovered on the back of upbeat Australian trade data and
AUD/USD, GBP/AUD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free AUD Forecast Most Read: The Reserve Bank of Australia: A Trader’s Guide AUD FUNDAMENTAL BACKDROP The Australian Dollar continued its recovery overnight with modest gains against both the Greenback and the GBP. The week thus far has proven to be another challenging
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Share: Australian Dollar falls to a temporary support level against the US Dollar on Thursday. The Aussie is relieved by upbeat Australian trade balance data and Chinese services sector PMIs. The general market mood remains depressed, however, broadly favoring the USD over the AUD. The Australian Dollar (AUD) finds temporary support against the US
Australian Dollar Vs US Dollar, Canadian Dollar, Singapore Dollar – Price Setups: A double top risk in AUD/USD as risk appetite scales back for now. AUD/SGD threatens to break below a bearish triangle. AUD/CAD drifts lower within a downtrend channel? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast A scaling back in
Australian Dollar, AUD/USD, RBA, CPI, Fed – Talking Points The Australian Dollar slipped after the RBA left rates unchanged at 4.10% Keeping rates unchanged was mostly expected but caught some by surprise Quarterly CPI was cited by the RBA as they look at the data points ahead. Recommended by Daniel McCarthy How to Trade FX
Australian Dollar, China PMI, Hang Seng Index, CSI 300, AUD/USD, RBA – Talking Points The Australian Dollar briefly pipped higher after Chinese data beat expectations If China can gain economic momentum, it could have implications for AUD Tomorrow’s RBA meeting moves into view. Will AUD/USD continue to recover? Recommended by Daniel McCarthy How to Trade
Market Recap Another downside surprise in US core Personal Consumption Expenditures (PCE) price index paves the way for Wall Street to resume its rally last Friday (DJIA +0.50%; S&P 500 +0.99%; Nasdaq +1.90%) as promising inflation progress reaffirmed market expectations for a Fed rate pause. The core PCE index for June registered a 4.1% year-on-year
