AUD / USD is up nearly 2%, after trading at 0.6993 lows on Friday. Risk appetite favors risk-sensitive currencies, which is why the Australian dollar rises. AUD / USD Price Forecast: Leaning higher but facing strong resistance in the 0.7140-50 range. The AUD it continues to advance throughout the week, rising 1.9% from Friday’s low […]
Tag: RBA
AUD / JPY targets the 81.00 level as the recovery continues, now rising more than 2.0% on the week
AUD / JPY continues its impressive winning streak on Tuesday’s week that has taken it from below 79.00 to close to 81.00. The pair was driven by a combination of aggressive RBA / risk appetite. The crossing AUD/JPY it continued its impressive rebound that began on Monday through the end of the US session on […]
AUD / USD Regains 0.7100 Status, Threatens to Break Technically Bullish Amid RBA Vibrations of Risk and Hawks
AUD / USD rallied to the 0.7100 level on Tuesday amid a broad surge in risk appetite. But strong Chinese trade data and aggressive interpretations of the RBA’s latest policy decision also support the Australian dollar. AUD / USD threatens to break above a key downtrend channel. The AUD has continued to climb during Tuesday’s […]
AUD / USD clings to gains near 0.7035-40 zone, focus shifts to RBA decision Tuesday
The risk appetite boost sparked some short hedging moves around the perceived riskier Aussie. Aggressive expectations from the Fed propped up the USD and could limit the rise in AUD / USD. Investors are now looking forward to Tuesday’s RBA decision to get a significant boost. The pair AUD/USD it maintained its offered tone during […]
AUD / USD capped below 0.7300, returns initial gains
AUD / USD still pressed below 0.7300, rumors of a RBA rate hike growing louder. The US dollar breaks a two-day downtrend amid firmer Treasury yields and cautious sentiment in the market. The AUD / USD draws attention to the Fed speeches, US inflation and concern in the Chinese real estate sector. The pair AUD/USD […]
AUD / USD descends to new lows of the cycle
AUD / USD extends losses despite a decline in the US dollar. The dovish RBA finally kicks in and sends the AUD off a cliff. The AUD/USD It has fallen to new lows of the cycle to reach the 0.7260 level, descending from a high of 0.7305. The perfect storm came this week with a […]
AUD / USD prepares to touch new monthly lows near 0.7300 amid firmer USD
AUD / USD remains under pressure after suffering the worst drop in a week. The RBA Minutes and Governor Lowe’s comments reversed rate hike expectations. The Xi-Biden meeting offers no positive surprises, the US data adds to the comments on the Fed rate hike. Next on the Calendar: Australia’s Third Quarter Wage Price Index, Fed […]
AUD / USD declines from daily highs at 0.7360 to 0.7315 on positive US data.
AUD / USD fell 30 pips as US retail sales for October grew the most in seven months. US industrial production beat expectations, boosting the dollar. RBA Governor Philip Lowe said the data would not support a rate hike in 2022. During the American session, the Aussie dipped as better-than-expected US retail sales appear to […]
AUD / USD remains under pressure below 0.7350 ahead of US retail sales.
The AUD / SUD faces rejection near the 100-day SMA for the second day in a row on Tuesday. A bearish RBA and cautious sentiment act as a headwind for the higher perceived risk AUD. Expectations of a rate hike from the Fed continue to prop up the USD and limit the pair’s gains. The […]
Lowe says rates will not be raised to control house prices
After his speech entitled “Recent Trends in Inflation”, the Governor of the Reserve Bank of Australia (RBA), Phillip Lowe, is responding to the question and answer session. Featured Comments Rates will not be raised to control home prices. There is a very low probability that wages will pick up fast enough enough to need a […]