The Australian dollar exchange rate has recently experienced a notable rebound, climbing steadily against the USD for the third consecutive day. Investor focus now shifts to the upcoming monetary policy decision by the Reserve Bank of Australia (RBA), scheduled for Tuesday. The central question is whether the RBA will increase its key rate by 25 …
Australian Dollar Rate Rises as RBA Decision Looms Read More »
During the latest forex trading day, there have been notable movements in major currency pairs, drawing significant attention to the USD/CAD and AUD/USD. The exchange rates of these pairs have experienced fluctuations influenced by recent economic data and global factors. In this article, we will delve into the most recent developments in the forex market, …
The AUD/USD edged higher. In the process, it moved up to retest its 50% midpoint of the fall from the October high at 0.72736. The AUD/USD edged higher on Friday while moving up to retest its 50% midpoint. The high price reached was 0.72768. The falling 100-day moving average currently at 0.72847 helped to slow …
Forex: AUD/USD tests the 100 bar MA on a 4-hour chart Read More »
The AUD/USD pair experienced low levels in the previous week. The trend resumes this week, while most retail investors take off preparing for 2022. With no primary economic data expected, the focus will stay on the continuing trends in coronavirus cases. Recent data shows that new coronavirus cases are growing in Australia and the United …
After the U.S. consumer prices increased, the Australian Dollar gained some ground against the U.S. Dollar on Friday. It happened in line with expectations in the previous month as investors bet that the actual number might not change the speed of interest rate hikes. Those were investors who had been expecting considerably higher inflation. The …
The Australian Dollar appears to be trading flat on Wednesday after being pressured by rising U.S. Treasury yields driving up the interest rate of the U.S. Dollar. The catalyst extended the process of increasing bets on a faster taper rate with a faster-than-expected rate hike. The renomination of Jerome Powell as a Fed Chair for …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD Canada faces geopolitics and economic challenges amidst the pandemic. The manufacturing sector on August 03 posted 56.2 points for July’s PMI report. While the figure is a minor decline from the previous 56.5 …
Daily Market Charts and Analysis August 05, 2021 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDUSD The US initial jobless claims report on Thursday, July 15, came in line with the 360,000 consensus estimate for the week. The figure is lower compared to the previous result of 386,000. Also, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDUSD The New Zealand dollar will continue to advance against the US dollar in coming sessions. This was amid the upbeat data on its recent reports and optimistic outlook from credit rating agencies. On …
Daily Market Charts and Analysis December 09, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDUSD No matter who wins the presidential elections today, it looks like the American dollar can only go low. As results remain uncertain, the market is expected to keep its focus on whether or …
Daily Market Charts and Analysis November 04, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD Canada is approaching the second wave of coronavirus cases. The country added 2,342 confirmed cases on Thursday alone, which was its highest daily case total since the beginning of the pandemic earlier this …
Daily Market Charts and Analysis October 16, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The reports about Canada’s growing government deficit this week has caused the Canadian dollar to slow down significantly against the US dollar. Bullish investors saw an opening following that news and now the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The US dollar to Canadian dollar exchange rate is back on bearish tracks this Friday. The Canadian dollar continues to outperform most of its currency pairs in the forex market including the also …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDUSD The better than anticipated results reported yesterday such as the consumer price index helped sealed the bullish AUDUSD pair. That means that the greenback will remain on the defending side as bullish investors …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY In recent sessions, the Australian dollar has managed to pull itself back up against the Japanese yen. However, things are unfortunately projected to turn around for the exchange rate. Over the past four …
