AUD Technical Analysis Recommended by Richard Snow Get Your Free AUD Forecast New Zealand Central Bank Joins the RBA Keeping Rates on Hold The Reserve Bank of New Zealand voted to keep the official cash rate on hold, with the current elevated level of interest rates constraining spending and inflation, as intended. The RBNZ forecast
Share: AUD/USD turns lower for the sixth straight day and slides back closer to the YTD low. China’s economic woes continue to exert pressure on the Aussie amid a bullish USD. Bets for one more Fed rate hike push US bond yields higher and underpin the buck. The AUD/USD pair fades an intraday
Share: AUD/USD picks up bids to refresh intraday high, reverses from YTD low. Mixed RBA Minutes, softer Aussie wage growth and downbeat China data prod Aussie bulls but US Dollar’s retreat favor recovery. Oversold RSI challenges Aussie bears beyond 0.6460-55 support zone. Multiple hurdles stand tall to test upside; 0.6600 appears the key
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Wall Street managed to start the week higher (DJIA +0.07%; S&P 500 +0.57%; Nasdaq +1.05%), tapping on some recovery in big tech and semiconductors to override earlier jitters around China’s property and financial sector risks. There was not much
Share: AUD/USD struggles to defend the bounce off YTD low despite probing five-day losing streak ahead of multiple data/events. Fears surrounding China, firmer US Treasury bond yields weigh on Aussie pair. RBA Minutes need to defend hawkish interest to recall AUD/USD buyers. China Industrial Production, Retail Sales will be eyed closely amid economic
Australian central bank leaders believe that higher interest rates and rising costs of living will continue to put unprecedented pressure on households and, as a result, on consumption, while per capita output will decline in the second half of the year. Whether there will be more rate hikes this year will depend on data coming
Australian Dollar, AUD/USD, US Dollar, Treasuries, ACGB, RBA, Wages, Jobs – Talking Points The Australian Dollar is threatening to make new lows today Treasury yields have been supportive of the US Dollar AUD is trading at the foot of the range. Will AUD/USD find support? Trade Smarter – Sign up for the DailyFX Newsletter Receive
Share: Australian Dollar weakens on fears of a credit crunch in the Chinese property sector. Hawkish commentary from the Governor of the RBA, Philip Lowe, temporarily staunches the bleeding. US factory gate inflation comes out higher than expected, however, supporting the US Dollar. The Australian Dollar (AUD) trades lower against the US Dollar
AUDUSD daily ING presents its views on the AUD/USD exchange rate, expressing confidence in a notable rebound in the Australian dollar by the end of the year. The bank’s bullish outlook is based on various factors, including expectations of continued monetary tightening by the Reserve Bank of Australia (RBA), potential surprises in inflation data, and
Australian Dollar, AUD/USD, US Dollar, China, CPI, PPI, Crude Oil, Gold – Talking Points Australian Dollar narrowly gained support today in anaemic market conditions China’s CPI and PPI missed estimates and it raises the spectre of Government action If a new low is not seen in AUD/USD on this dip, how much longer will the
