Falling gold prices and pressured equities weighed on the Aussie. Australian Retail Sales fell 4.2% in August, according to preliminary estimates. AUD/USD is biased lower despite oversold and could even lose the 0.7000 mark. The AUD/USD pair extended its weekly decline to 0.7075, holding around the mentioned low ahead of the Asian opening, as
AUD/USD jumps 15-pips at the week’s start after ignoring the red line during the previous week. Upbeat comments from Aussie PM Morrison and Chinese President Xi Jinping favored the early bulls despite virus woes, Brexit worries. US election jitters, Sino-American tussle and the stimulus deadlock challenge the optimists. No major data on the radar but
AUD/USD keeps late-Friday recovery from 0.7258 but stays capped below 0.7285. US inflation data came in positive, Brexit, US-China tussle also challenged the bulls. Oxford vaccine, AstraZeneca, to restart trials halted last week, China retaliated US sanctions. A light calendar at the week’s start will keep risk catalysts on the driver’s seat. AUD/USD begins
AUD/USD stays depressed at the week’s start, keeps late Friday’s U-turn from 0.7299. US employment data, sluggish moves by equities and Sino-American tussle disappoint Aussie buyers off-late. China Trade Balance for August can entertain Asian traders, US markets are off for Labor Day. AUD/USD seesaws between 0.7280 and 0.7290 as markets in Asia kick-start
Aussie firmer amid notable dollar supply and surging equities. The RBA to stand pat, leave doors open for additional easing. AUD/USD ends the week at 20-month highs, what’s next? The FX Poll shows experts expect a downward correction The AUD/USD pair is set to end the week on a solid footing above 0.7300, the
AUD/USD begins the week with a drop to 0.7150. US dollar gains dimmed Wall Street’s shine, Treasury yields dropped. COVID-19 cases rise in Europe, slow down in Victoria and the US. Economic data were mixed at home, upbeat in America, nothing major to watch in Asia. AUD/USD extends the previous losses while declining from
AUD/USD keeps the late-Friday range between 0.7160 and 0.7180. Virus woes in Australia, US-China trade tussle joins recently downbeat China data to weigh on the Aussie. US dollar grinds down as stimulus deadlock, pandemic dominate over welcome economic figures. No major data from Australia, the US highlights news/headlines as a market driver. AUD/USD takes
AUD/USD attempts consolidation of Friday’s losses from 0.7143. US President Trump signed four executive orders, including unemployment benefits of $400. American actions of sanctioning Hong Kong Leader and banning Chinese Tech giants TikTok and WeChat add to the US-China tussle. A lack of major data at home precedes the key inflation numbers from China to
AUD/USD takes on the 0.7190s as a key psychological level post the Fed while the US dollar extends weekly losses into 93.24 (DXY). Coronavirus keeps the Fed in a bind and weighs on the greenback. The commodity complex thrives in two-year lows for the US dollar. The Federal Reserve stated the obvious but has confirmed the market’s