TAG: Australian dollar
AUD/USD climbs amid commodity surge and positive PMIs
AUD/USD's strong rebound The AUD/USD showed notable resilience last week, rebounding from below 0.6500 on Monday to nearly touching 0.6600 by week's end. This recovery was largely driven by rising commodity prices and unexpectedly strong global PMI figure...
6 months ago
EUR/USD, GBP/USD weigh on key support while AUD/USD hovers above it
EUR/USD remains under pressure EUR/USD slid to the $1.07 mark on Thursday which, together with the $1.0694 February low remains in sight and represents major support. Were it to give way on a daily chart closing basis, a longer-term bearish signal woul...
6 months ago
AUD/USD hits yearly low, records major weekly loss amid US CPI and market risks
It was a frustrating end to last week, as a third consecutive month of firm US CPI data and risk aversion flows sent the AUD/USD spiralling back to year-to-date lows, locking in its most significant weekly loss (-1.76%) since last November. The latest se...
6 months ago
Asia Day Ahead: Recovery attempt by AUD/USD capped by employment data
Asia Open The Asian session was set for a mixed open, with Nikkei -0.51%, ASX +0.34% and KOSPI +1.16% at the time of writing. There was not much going on in the economic calendar overnight, but market sentiments continue to reel in from ongoing geopolitic...
5 months ago
Australia's march job dip: economic challenges ahead, RBA rate decision looms
The Australian economy shed 6.6k jobs in March, contrasting sharply with the significant 116.5k job increase in February. Unemployment ticked up to 3.8% from the previous 3.7%, as the participation rate slightly declined to 66.6% from 66.7%. The underutil...
5 months ago
AUD/USD on thin ice ahead of inflation data
The AUD/USD has been on the back foot for most of 2024, and last week was no different as it recorded its lowest weekly close since November 2023 at .6433. Economic and geopolitical waves impacting AUD/USD Last week's decline came after Fed chair Jerome P...
5 months ago
AUD/USD aims for continued recovery amid RBA meeting anticipation
Ten days ago, the AUD/USD dived below .6400c to its lowest level in over six months. However, after a remarkable five-day winning streak last week, the AUD/USD has started this week on the front foot, looking to extend its rebound above .6600c. The AUD/U...
5 months ago
RBA May preview; what comes next for the AUD/USD?
Last week saw the AUD/USD finish the week above .6600c for the first time in two months, benefiting from broad-based weakness in the US dollar that followed a less hawkish than expected FOMC meeting, and softer than expected US jobs report. This week's ec...
5 months ago
Trading volatility: AUD around RBA rate decision
With the recent bullish trend there are some technical areas to watch with further gains the potential outcome from this impending rate meeting on Tuesday. (AI Video Summary) Potential volatility around the AUD/NZD pair The focus of this video revolve...
5 months ago
Asia Day Ahead: RBA in focus, AUD/USD back to retest horizontal resistance
Asia Open The Asian session was set for a positive open, with Nikkei +1.08%, ASX +0.54% and KOSPI +1.76% at the time of writing. This comes as Wall Street offered a positive lead overnight, with major US indices extending their gains for the third straigh...
5 months ago
AUD/USD: Australian dollar's decline intensifies with risk aversion and global market shifts
Weekly AUD/USD performance review Last week, the AUD/USD finished lower at 0.6548 (-2.06%), for its largest weekly fall in nine months. This decline was the result of a perfect storm that included position unwind, technical selling, risk-aversion flows, s...
2 months ago
EUR/GBP drops back but AUD/USD and EUR/JPY push higher
EUR/GBP drifts lower from recent high After hitting a three-month high earlier in the week, EUR/USD price has dropped back to the 200-day simple moving average (SMA). The huge gains of late July and early August mean that this is not surprising, but ove...
2 months ago
AUD/USD rebounds as RBA signals rate hikes and US economic fears fade
The AUD/USD ended last week stronger at 0.6571, up by 0.93%, rebounding from a nine-month low. This recovery was supported by the Reserve Bank of Australia's (RBA) hawkish stance and diminishing fears of a US recession. Volatility driven by unwind of the...
2 months ago
AUD/USD rises despite China’s property market concerns
Aussie dollar continues recovery The Australian dollar (AUD/USD) finished higher last week at .6669 (+1.38%), continuing its recovery from a nine-month low. This was driven by improved risk appetite, hawkish signals from the Reserve Bank of Australia (RBA...
1 month ago