Quick Look: AUD/USD hits 2024 lows, finding support at 0.6443, with eyes on further drops. Central banks’ moves and economic policies in the US and China drive the currency trends. US retail sales and Chinese economic reports, including Q1 GDP, shape market sentiment. Bearish patterns dominate the pair, suggesting potential continued declines. The Australian Dollar …
Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed officials offer varied outlooks; Goolsbee warns against high rates, and Powell aims for 2% inflation. With …
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await Read More »
Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …
AUD Surges: Economic Optimism & Fed Insights Propel Rise Read More »
Quick Look: The Australian Dollar consolidates against the USD and finds support at 0.6450. Global risk appetite influences AUD’s strength against USD. AUD/JPY sees a modest increase, with resistance at Tenkan-Sen, 100.50, and 101.00. As of Tuesday, the AUD/USD pair entered a consolidation phase, experiencing a slight rally during the session. The currency found major …
Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis Read More »
Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its next movement direction. EUR/AUD maintains a neutral to cautiously bullish outlook, influenced by iron ore prices …
Quick Look: The AUD/USD pair currently nears 0.6525, with a 0.16% increase daily. Mixed signals from global economies, with the US PCE and Chinese PMI figures standing out. Federal Reserve’s Jerome Powell hints at potential rate cuts, stirring market expectations. The Australian to US Dollar (AUD/USD) exchange rate has shown notable movement. Currently, it is positioned …
AUD/USD Edges Up 0.16% Amid Global Economic Signals Read More »
Quick Look: AUD/USD current exchange rate at 0.6539, marking a +0.41% gain on Monday. Positioned below the 200-DMA, indicating a cautious outlook. Investor sentiment sways between global economic events and central bank decisions. The AUD/USD exchange rate notched a modest gain of +0.41% on Monday as the pair settled at 0.6539. Although seemingly minor, this …
Quick Look: Unemployment rate decreased to 3.7% from 4%, dipping below the 12-month average. AUD/USD rate surpassed 66 cents, aiming for the 0.6650/60 zone. Australian 3-year bond yield saw up to a 9 basis point drop. An expected job addition of 40,000 could lower unemployment to 4.0%. Australia’s employment landscape has recently presented compelling evidence …
Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added Read More »
Quick Look: AUD/USD declined by 0.32% on Friday, ending the session at $0.65595. Key economic indicators from China and upcoming interest rate decisions by the RBA and the Fed are in focus. Bearish signals on the daily chart with the AUD/USD trading below key EMAs. The Australian Dollar against the US Dollar (AUD/USD) declined last …
AUD/USD Drops 0.32% Ahead of Key Economic Events Read More »
Quick Look AUD/USD is currently above 0.6800, showcasing a strong position. Powell’s testimony hinted at potential interest rate cuts that could bolster the AUD/USD pair. Trade data indicates robust exports, contributing to the boost in the Australian dollar. High gold prices support the currency’s appreciation. Technical analysis suggests a cautious outlook with the potential for …
2024 AUD/USD: Rebounds Above 0.6800 Amid Trade Strength Read More »
Quick Look AUD/USD trades below its 50-day SMA of 0.6598, hinting at a negative trend. Remains within the February range, facing difficulties in sustaining gains from the yearly low. China’s 5% growth target for 2024 fails to uplift AUD despite being Australia’s largest trade partner. Australian GDP is expected to grow by 0.3% in Q4 …
Quick Look EUR/USD gains traction, trading above the 55-day EMA with an upside bias. USD/CAD exhibits neutral intraday bias, with range trading in focus. GBP/USD remains neutral, with the potential for a breakout or breakdown. Key economic indicators and the Federal Reserve’s policy meeting influence market dynamics. USD performance varies, showing weakness against the New …
On Tuesday, the forex market witnessed a significant shift, with the US Dollar emerging as a dominant force against major currencies. This appreciation was largely a response to indications of lacklustre global growth towards the end of 2024. This analysis explores the key factors and events behind the US Dollar’s surge, impacting major currency pairs …
In the dynamic realm of global currencies, staying attuned to market trends is crucial for making informed decisions. Amidst recent fluctuations, the spotlight is on the US Dollar, which has demonstrated resilience despite various economic indicators. This article delves into the factors influencing the buying dollar rate and explores the implications for investors seeking the …
Buying Dollar Rate Strategies Amidst Shifting Trends Read More »
ANZ, a leading member of Australia’s “Big Four” banks, has made substantial advancements in blockchain technology, marking significant progress. As Bitcoin’s price hovers around 41,900 AUD (Bitcoin to GBP – £21,860), ANZ’s collaboration with Chainlink’s CCIP reflects its dedication to embracing innovative solutions and becoming a Bitcoin-centric bank in transformation. This article explores ANZ’s foray …
Bitcoin Bank: ANZ Partners with Chainlink’s CCIP Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
