Tag: AUD/USD

March 29, 2024

The Australian Dollar has endured a miserable couple of years against its big brother from the United States. Weakness has continued into 2024 so far. But there might be some better news ahead for Aussie bulls, even if much of […]

January 18, 2024

The US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that the U.S. central bank […]

September 14, 2023

The Australian dollar held early Asia gains against the US dollar after the Australian economy created more jobs than expected last month. The Australian economy created 64.9k jobs in August, compared with forecasts for a gain of 23k, following job […]

March 13, 2023

The Australian dollar garnered support this Monday morning after continued concern over the Silicon Valley Bank (SIVB) collapse despite US policy makers (Federal Reserve, US Treasury and the Federal Deposit Insurance Corporation) issuing statements in attempts to quell worries in […]

March 9, 2023

The Australian dollar is attempting a pullback this Thursday after Tuesday’s 2.2% fall against the U.S. dollar. The morning kicked off with some poor economic data (see calendar below) out of Australia by way of building permits and private house […]

February 14, 2023

The Euro may remain vulnerable to the US Dollar from a technical standpoint. That is because last week, EUR/USD continued to make downside progress after clearing under a Bearish Rising Wedge chart formation. Immediate support is the 23.6% Fibonacci retracement […]

February 8, 2023

The Australian Dollar is attempting to make a comeback against the US Dollar. AUD/USD broke under a bearish Rising Wedge chart formation on Monday. 24 hours later, the pair turned higher and left behind a Bullish Engulfing candlestick pattern. This […]

February 1, 2023

The Australian Dollar remains pointed higher against the US Dollar with prices continuing to trade within a bearish Rising Wedge. Over the past 24 hours, AUD/USD was unable to hold a drop through the 0.7009 inflection point, leaving behind a […]

January 31, 2023

The Australian Dollar recalibrated after Chinese PMI showed signs of an economic recovery which followed domestic data that revealed an easing of conditions. Chinese manufacturing PMI for January printed in line with expectations at 50.1 and the non-manufacturing read came […]

January 23, 2023

The pro-growth Australian dollar did not react to rising COVID death statistics released on Saturday by the Chinese Centre for Disease Control and Prevention showing markets focus on the upcoming Australian CPI report on Wednesday and a weaker USD – […]

January 3, 2023

The Australian Dollar slipped on the first trading day of the year on Monday with most market participants yet to return from their New Year holiday. Weaker than anticipated official Chinese PMI numbers published over the weekend may have contributed […]

July 15, 2022

AUD/USD is little changed after swinging between gains and losses over the past 24 hours. The US Dollar strengthened after a government report showed an 11.3% y/y rise in US wholesale prices, which firmed up Federal Reserve rate hike bets. […]