AUDUSD bulls hold the course but encounter key resistance. Geopolitical risks have reared their ugly heads around Poland, noise from Russia. AUDUSD is up around 1% and rallied from a low of 0.6685 to test a key daily resistance line near 0.6800. However, there has been a glitch which is due to the support of …
AUDUSD Continues to Rise as Markets Turn Green Again on Poland Noise Read More »
Daily Currency Update The Australian dollar failed to extend last week’s rise, falling slightly and dropping US$0.67 during a relatively quiet start to the week. Investors appeared reluctant to extend gains made following a failed U.S. CPI cut last week, paring gains amid comments from top Fed officials. While acknowledging that inflation was finally moving …
The US Dollar may be on the verge of a significant downward break. The risky start to the week, however, should offer immediate support. The US dollar fell on Friday following the US jobs report which had something for everyone. Nonfarm payrolls in the United States rose by 261,000 last month, the data showed, also …
AUD/USD hits near 31-month low amid cautious trading. The FOMC minutes laid bare policymakers’ worries about doing too little, as expected. Further covid woes, firmer US data tested the risk profile despite falling yields, sluggish stocks. Australian consumer inflation expectations, the US CPI could point traders mainly south amid recession fears. AUD/USD is licking its …
AUD/USD braces for key inflation numbers below 0.6300 in lackluster markets Read More »
