AUD/USD stalls before Australian Retail Sales and US ADP report
AUD/USD may face resistance in the wedge as Bulls aim to sell in Australia. The US dollar is experiencing pressure ahead of Wednesday’s ADP employment report. The Australian dollar could continue to gain from the weakening US dollar, with resistance at 0.6600. The Australian Dollar (AUD) has shown stability against the US Dollar (USD) on […]
AUD/USD nears 0.6600 as the US Dollar declines before Fed Powell and Job Openings report
The Australian Dollar has bounced back, reaching a new year-to-date high of nearly 0.6600. Positive manufacturing data from China is providing support to the Australian currency today. Market attention will be on Fed Chair Powell and the upcoming US manufacturing and employment data, which could influence the US dollar’s direction. The Australian Dollar is climbing […]
AUD/USD Update 23/06: Bearish Trend Emerges, Increased Risks
Bearish Outlook Sell AUD/USD pairs and set a take profit target at 0.6350. Implement a stop loss at 0.6550. Expected timeframe: 1-2 days. Strong Bullish Perspective Buy the AUD/USD pair with a take profit target at 0.6550. Place a stop loss at 0.6350. The AUD/USD exchange rate has been declining, influenced by rising geopolitical tensions […]
AUD/USD draws some sellers under 0.6450 as the US targets Iran’s nuclear facilities
The AUD/USD is expected to drop to around 0.6440 in the early hours of Monday’s Asian market. The United States has launched strikes on Iran’s nuclear facilities, raising concerns about broader conflicts in the Middle East. Australia’s S&P Global Manufacturing PMI stood at 51.0 in June, while the services PMI improved to 51.3. The AUD/USD […]
AUD/USD faces resistance as the US Dollar weakens and hopes for a Fed rate cut increase
Economic Developments Affecting AUD/USD Australia’s inflation expectations appear to be on the rise, suggesting that the RBA may be more hesitant to implement further interest rate cuts. Inflation trends in the US are easing, which may lead to forecasts indicating a rate reduction by the Fed in September. The AUD/USD is climbing, supported by expectations […]
AUD/USD drops slightly as risk appetite cools after US-China agreement
Australia is set to release inflation expectations on Thursday in June, which could impact interest rate predictions. The US is expected to announce its producer price index data for May, offering insights into wholesale inflation trends. AUD/USD may be affected by these economic reports, influencing rate expectations and consumer confidence. The Australian Dollar (AUD) slipped […]
AUD/USD remains steady ahead of Wednesday’s US CPI report.
The OUD/USD was trading close to 0.6520 as we noted, with the US-China dynamic boosting interest in commodity-related currencies. Even though Australian Westpac consumer trust figures were underwhelming, improved sentiment has tempered losses for the AUD. The upcoming US Consumer Price Index (CPI) report on Wednesday is anticipated to influence the Federal Reserve’s stance and […]
AUD/USD moves closer to 0.6500 before Chinese CPI inflation data.
AUD/USD is likely to draw some buyers near 0.6500 during early Asian trading on Monday. The US non-farm payroll saw an increase of 139,000 in May, exceeding expectations. Later on Monday, China’s CPI inflation figures will attract attention. The AUD/USD pair is inching up to around 0.6500 in the early hours of the Asian session […]
AUD/USD stays above 0.6400 after RBA rate cut, awaiting US Trump tax bill approval
The AUD/USD is expected to remain steady at 0.6420 in early Asia, following a 0.49% drop on Tuesday due to a rate cut by the RBA to 3.85%. The RBA’s decision to lower rates by 25 basis points was based on a more balanced view of inflation risks and growing global uncertainty. The governor indicated […]
AUD/USD remains stable above 0.6400 after Chinese data was released.
AUD/USD is having difficulty gaining solid momentum amidst various economic signals. A weaker market sentiment is constraining Australia, while a declining USD offers some support. China’s retail sales grew by 5.1% year-on-year in April, a decline compared to the 5.5% forecast after March’s 5.9% growth. The AUD/USD pair is beginning the week on a subdued […]