The Australian Dollar (AUD) catches fresh bids in reaction to the Reserve Bank of Australia (RBA) Governor Michele Bullock’s remarks during the post-meeting press conference, saying that more rate cuts might not be needed. Bullock added that the board discussed circumstances in which the central bank might have to tighten. This, along with a modest […]
The AUD/USD pair trades on a flat note near 0.6540 during the early Asian trading hours on Tuesday. Weaker-than-expected US economic data and rising US interest rate cut expectations in December drag the US Dollar (USD) lower against the Australian Dollar (AUD). Traders will closely monitor the Australian Gross Domestic Product (GDP) data for the third quarter […]
The Australian Dollar (AUD) gains against the US Dollar (USD) on Thursday, extending its gains for the fifth successive session. The AUD/USD pair gains ground as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December. The Australian Bureau of Statistics (ABS) released Private Capital Expenditure on Thursday, which rose by 6.4% […]
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, extending its gains for the fourth successive session. The AUD/USD pair holds ground after the Australian Bureau of Statistics (ABS) released the first “complete” monthly Consumer Price Index (CPI), which climbed by 3.8% year-over-year (YoY) in October. The reading surpassed the market consensus […]
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In the upcoming week, it will be worth monitoring the following three instruments: Bitcoin, USDJPY, and US100. We selected them due to incoming macroeconomic data and their current technical levels. Each is now at a critical point: Bitcoin is fighting to maintain its trend in conditions of low liquidity, USDJPY is reacting to Japan’s largest fiscal […]
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair gains ground following the preliminary reading of Australia’s S&P Global Purchasing Managers Index (PMI). S&P Global Manufacturing PMI came in at 51.6 in November versus 49.7 prior. Meanwhile, Services PMI rose to 52.7 in November from the […]
The Australian Dollar (AUD) recovers its intraday losses but remains in the negative territory against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair remained subdued after the Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting. The RBA Meeting Minutes showed that board members […]
The AUD/JPY cross loses ground near 100.85 during the early European session on Monday. The potential downside for the cross might be limited as the stronger-than-expected Australian employment data reinforced expectations for a cautious stance from the Reserve Bank of Australia (RBA). Additionally, Japan’s Cabinet Office showed on Monday that the Japanese economy contracted by an annualized […]
The Australian dollar weakened to around $0.652 on Monday, reversing gains from the previous week as a stronger greenback weighed on the currency. The US dollar appreciated after Fed officials expressed doubts about the need for a December rate cut, with some dismissing the possibility outright. Markets now assign roughly a 46% chance of a […]