AUD

The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday, extending its gains for the second consecutive day. The AUD/USD pair appreciates as the AUD receives support following the release of improved employment data from Australia. The Australian Bureau of Statistics (ABS) released the Unemployment Rate on Thursday, which declined to 4.3% […]

The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, extending its losses for the second successive session. The AUD/USD pair declines as the US Dollar (USD) gains support from the ongoing process to reopen the United States (US) government. The AUD may regain support from cautious sentiment surrounding the Reserve Bank of Australia (RBA) […]

The Australian dollar climbed above $0.65, nearing one-week highs, after Reserve Bank of Australia Deputy Governor Andrew Hauser noted that monetary policy faces an unusual challenge and emphasized the need to keep policy tight to contain inflation. Hauser added that demand was “slightly” above potential when GDP growth accelerated last year, marking the tightest recovery […]

Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second successive session. The AUD/USD pair loses ground as China’s Trade Balance arrived at CNY640.4 billion for October, narrowing from the previous figure of CNY645.47 billion. China’s Exports fell 0.8% year-over-year (YoY) in October against 8.4% in September. Meanwhile, imports rose […]

The Australian dollar steadied around $0.651 on Thursday, holding its recent gain, as stronger-than-expected trade data supported sentiment. Australia’s trade surplus widened sharply to AUD 3.94 billion in September from a revised AUD 1.11 billion in August, beating forecasts of AUD 3.85 billion. The improvement was driven by a 7.9% jump in exports, led by […]

Facts: Recommendation: Trade: Short position on AUDUSD at market priceTarget: 0.6465, 0.6447Stop: 0.6508 Opinion: AUDUSD has been trading in a downward move recently. Looking at the H1 interval, one can see that the price bounced off the key 0.6500 resistance area. The red area near the 0.6500 handle on the chart below is marked with previous […]

RBA held the cash rate steady at 3.6% in a unanimous decision amid renewed inflation pressures and a tight labor market. Governor Michele Bullock stated the board has no predetermined stance on future rate moves, emphasizing data dependency and uncertainty. Key headlines: Governor Michele Bullock emphasized that the board has no predetermined stance on future […]

Australian Dollar (AUD) recovers its daily losses against the US Dollar (USD) on Tuesday, following the cautious remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock spoke at the post-meeting press conference, highlighting the need for less policy easing in this meeting. The Reserve Bank of Australia (RBA) decided to maintain the […]

Australian Dollar (AUD) advances against the US Dollar (USD), halting its three-day losing streak on Monday. The AUD/USD pair may continue to lose ground as the US Dollar (USD) gains amid dampening expectations of a US Federal Reserve (Fed) interest rate cut in December. The AUD failed to draw any impact from the release of economic data […]