AUD/USD is up for the key moves as not only the Reserve Bank of Australia’s (RBA) quarterly Monetary Policy Statement but China’s Trade Balance is also up for publishing, respectively around 01:30 GMT and 02:00 GMT on Friday. It should additionally be noted that RBA Assistant Governor (Economic) Luc
AUD/USD moves back into the positive territory for the third consecutive session on Thursday.
The USD remained depressed amid growth concerns, fiscal impasse, declining US bond yields.
The upbeat market mood further benefitted the perceive riskier aussie and remained supportive.
The AUD/USD pair bo
AUD/USD seesaws between 0.7186 and 0.7200 following its highest levels since February 2019.
Downbeat ADP, employment component of ISM Non-Manufacturing PMI weighed on the US dollar, gold surged to fresh record high of $2,055.69.
Market sentiment cheers hope of further stimulus, virus woes, vaccine n
Aust PM (Scott Morrison) has released a rather grim stats about the new restrictions on Victoria – saying that Victoria’s stage 4 lockdown would reduce the size of the economy in the Sept quarter by between $7 billion to $9 billion. Furthermore, unemployment is expected to peak at about 10%. But he
US DOLLAR, USD, EUR/USD, AUD/USD TALKING POINTS:
USD bears are back after a two-day pullback in the bearish theme.
This week’s economic calendar brings NFP and jobs numbers are deserving of intense focus right now.
The USD is approaching the 92.50 zone, which helped to hold the lows last week. Supp
AUD/USD gains strong traction for the second straight day amid sustained selling around the USD.
The USD remained depressed following the release of ADP report and ISM Non-Manufacturing PMI.
Overbought conditions on hourly charts warrant caution before placing fresh intraday bullish bets.
AUD/USD is building on Tuesday's gains, closes in on multi-year highs.
USD struggles to find demand amid risk-positive market atmosphere.
ADP Employment Change and Services PMI data will be featured in the US economic docket.
The AUD/USD pair closed in the positive territory on Tuesday and preserve
AUD/USD stays positive near the weekly top while extending the previous day’s run-up.
China Caixin Services PMI slipped to 54.3 versus 56.8 forecast, 58.4 prior in July, Aussie data came in mixed during early-Asia.
Virus woes, deadlock over US stimulus and Sino-American tension portray the risk-tone
AUD/USD is a promising pair to invest on this week. Today, the pair suggests bias towards bullish. The break above 0.7100 is a positive signal that has opened a path to 0.7130. Suggest to take long po...