AUD/USD gained some strong traction on Monday and broke through 200-DMA barrier.
The upbeat market mood and sustained USD selling remained supportive of the move.
Technical buying above 0.6700 further collaborated to the pair’s strong bullish trajectory.
The AUD/USD pair caught some aggressive bids
Risk-on mode continues in Asian markets today. Investors, in particular in Hong Kong markets, basically shrugged off US President Donald Trump’s announcements regarding China. There is also no reaction to the unrest in US. Instead, traders continued to cheer economy reopening, as well as positive da
The risk momentum is not only accelerating its starting to really peak out.
Equity sentiment has seen the Australian market have its best week since 2011 to finish May while US markets breached all sort of technical and psychological levels with the S&P 500 crossing 3000 points for the first ti
EUR/USD, “Euro vs US Dollar”
After finishing another ascending wave at 1.1111, EURUSD is consolidating around 1.1118. Possibly, the pair may expand the range up to 1.1157 and then return to 1.1118. If later the price breaks the range to the upside, the market may start a new growth towards 1.1192; i
Daily Pivots: (S1) 0.6626; (P) 0.6654; (R1) 0.6697;
AUD/USD’s rally from 0.5506 continues today and hits as high as 0.6742 so far. Intraday bias bias remains on the upside but we’d continue to look for topping signal. Bearish divergence condition in 4 hour MACD is a sign of loss of upside momentum.
AUD/USD (AUDUSD) - Impulse wave up
AUD/USD ( AUDUSD ) is in 5th internal of wave 3rd of C wave up. Overall from major bottom as shown in 60 min chart it is going up in ABC zigzag wave pattern. B wave running complex correction. Equal sized impulse going up after B w
AUD/USD struggles to carry the bounce of 0.6612.
Australia’s Private Sector Credit stalls on MoM, YoY figures stand at 3.6%.
China offers another negative news for Australian traders, PBOC leaps on liquidity infusion.
US data, President Trump’s China conference in the spotlight.
The forex markets turned mixed today, together with major Asian indices. Dollar and Yen are trying to recover but there isn’t any conviction in buying. Both remain the worst performing ones for the week so far. News regarding lockdown exits and coronavirus vaccines were generally welcomed. But inves
The “risk-on" tilt from Wednesday could echo into Thursday’s Asia Pacific trading session, perhaps opening the door for the New Zealand Dollar gain. That may leave the anti-risk Japanese Yen and similarly-behaving US Dollar vulnerable.The Australian Dollar may see volatility on RBA Governor Philip L
AUD/USD main focusing:
The 0.667 confluence zone is very important because it focuses on many factors such as MA200 days, Fibo retreated 76.4%, the peak in March.
A break of this zone will accelerate ...
The total value of construction work done in Australia was down a seasonally adjusted 1.0 percent on quarter in the first quarter of 2020 - coming in at A$49.481 billion.
That exceeded expectations for a decline of 1.5 percent following the 3.0 percent drop in the three months prior.
On a yearly bas
Risk appetite is back driving the global financial markets, after biotech company Novavax said it has started phase 1 human trials of coronavirus vaccine candidate. DOW future points to a breakout from recent rally for rally resumption. Dollar, Yen and Swiss Franc are decisively sold off across the
Yen and Dollar remains the strongest ones for today while commodity currencies are weakest, led by Aussie. There was no follow through buying in Dollar and Yen beyond Asian session. The panic selloff in Hong Kong stocks didn’t spillover to other markets and even US futures are pointing to slightly h
The Australian dollar rose slightly to $0.6545 amid growing optimism about the country's emergence from coronavirus lockdowns. In New South Wales, which includes the city of Sydney, children returned ...