AUD/USD holds near session lows after upbeat China Caixin PMI.
The anti-risk sentiment seen in equities is likely keeping the AUD under pressure.
RBA's minutes said the policymakers have a low appetite for negative rates.
AUD/USD is struggling to draw bids on the back of a better-than-expected C
Markets are generally directionless in Asian session today. Strong rebound in China PMIs somewhat fails to lift sentiments. As the origin of the coronavirus pandemic, China could be the first country to come out of it. Yet, one month of data is insufficient to confirm recovery, as the world is still
AUD - Australian Dollar
The Australian Dollar remained largely range bound through trade on Monday, despite broader USD gains and month end rebalancing. The AUD bounced between intraday lows at 0.6112 and session highs at 0.6180, largely holding onto the gains won throughout last week. The Federal g
Market confidence waned after the best week in decades, USD/JPY may continue to move lower
US stock-index futures, global equities and oil prices fell after a roller-coaster ride last week that marked the Dow Jones Industrial Average’s biggest weekly gain since 1938.
Monday’s decline came after the
AUD/USD gains traction for the third straight session amid some heavy USD selling.
The Fed’s latest move, news of a deal on the coronavirus package weighed on the buck.
Concerns over the economic fallout from coronavirus pandemic might cap further gains.
The selling bias around the greenback remain
AUD/USD is off session lows but remains on the offer amid risk-off in stocks.
Technical indicators like the RSI are reporting oversold conditions.
Australia's stimulus announcement has so far failed to boost risk appetite.
The AUD/USD pair has recovered slightly from session lows with technical c
Reuters reports that Australia's central bank already viewed the spread of coronavirus as an "unprecedented" event at its policy meeting this month, and the worsening crisis has since prompted emergency liquidity injections and the promise of yet more easing:
Minutes of the March 3 meeting showed t
EUR/USD, “Euro vs US Dollar”
After forming another consolidation range around 1.1178, EURUSD has broken it to the upside. Possibly, the pair may extend the wave up to 1.1260. Today, the price may reach 1.1250 and then fall to return to 1.1185. After that, the instrument may form one more ascending s
AUSTRALIAN DOLLAR, GROSS DOMESTIC PRODUCT DATA, TALKING POINTS:Australian growth strengthened as 2019 bowed outAnnualized expansion was its strongest since mid-2018However, this year will be tougher a...
The pair breakout wedge pattern during the annoucement of RBA rate cut this morning.By looking at the pattern, I think this is possible a very good buy setup around zone 0.65300-0.65500 as the overhang from rate cut is now gone. In contrast the market is expecting FED to use more easing monentary po