AUDUSD=X - AUD/USD
| Previous Close | 0.688 |
| Open | 0.688 |
| Bid | 0.688 |
| Day's Range | 0.687 - 0.688 |
| 52 Week Range | 0.6679 - 0.7393 |
| Ask | 0.687 |
- FX Empire
The Week Ahead – Brexit, the BoE and the FED are in Focus
It’s a big week ahead for the markets. The FED, the BoE and Brexit are in focus, with stats and chatter on trade also needing some attention.
- FX Empire
AUD/USD Weekly Price Forecast – Australian dollar continues to grind higher
During the previous week, we had a very strong candle stick for the weekly close, and then continue the upward momentum during the week over the last five sessions but have stalled a bit. This makes sense, because we aren’t quite sure what to make of the US/China trade situation yet.
- FX Empire
AUD/USD Forex Technical Analysis – .6848 Trigger Point for Acceleration to Downside
Based on the early price action and the current price at .6869, the direction of the AUD/USD on Friday is likely to be determined by trader reaction to the main 50% level at .6880 and the downtrending Gann angle at .6882.
- FX Empire
AUD/USD, NZD/USD, USD/CNY – Asian Session Daily Forecast
Chinese yuan gains ground, NZ and Australian dollars remain quiet. U.S. retail sales are expected to slip – will this shake up currency markets?
- FX Empire
Brexit and U.S Retail Sales Put the GBP and the USD in Focus
It’s risk-on through the Asian session as the markets respond to the ECB move. On the day ahead, the focus will be on Brexit and U.S retail sales figures.
- FX Empire
Could Next Week’s Agenda Turn Things Upside Down?
So far this week, commodity currencies are shining as safe haven currencies are retreating on newfound optimism over US-China trade, Brexit, Hong Kong and central bank easing. But could this be sustained next week? The big focus will be on Thursday’s ECB meeting, which comes with updated staff projections and is widely expected to see the ECB introduce further easing measures.
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Short-Term Bullish Until Global Risk Aversion Returns
Keep in mind that the Australian and New Zealand Dollars are being driven higher by short-covering and some aggressive counter-trend speculative buying. We could see further short-term upside action in the AUD/USD and NZD/USD until global risk aversion returns.
- FX Empire
AUD/USD Forex Technical Analysis – Strengthens Over .6887, Weakens Under .6879
Based on the early price action and the current price at .6882, the direction of the AUD/USD on Thursday is likely to be determined by trader reaction to the downtrending Gann angle at .6887 and the main 50% level at .6880.
- FX Empire
As Tensions Ease Between the U.S and China, it’s all Eyes on the ECB
Tensions between the U.S and China ease, supporting risk ahead of the heavily anticipated ECB monetary policy decision later today.
- Investing.com
Safe-haven Yen Falls as Trump Delays China Tariffs, Sparks Risk Rally
Investing.com - The Japanese yen, which is widely considered as a safe-haven currency, fell on Thursday in Asia as encouraging signs in U.S.-China trade situation improved investor sentiment.
- FX Empire
AUD/USD Price Forecast – Australian dollar runs into resistance
The Australian dollar initially tried to rally during the trading session on Wednesday but ran into quite a bit of trouble at the 50% Fibonacci retracement level. This is an area that previously had been support, so the fact that we would find resistance here isn’t much of a stretch.
- FX Empire
Global Times Tweets Support Market Hopes
Asian markets are growing in the hope of stimulus, while Europe and the US are waiting for signals from the central banks. China continues to struggle for economic growth, as it aims to resist the effect of trade disputes with the U.S.
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Firming as Rate Cut Odds Drop for RBA, RBNZ
The bearish tone in the AUD/USD and NZD/USD is rapidly softening because of the scheduling of the trade talks. The move has changed the timing of the next interest rate cuts from the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) by pushing them back by one month each.
- FX Empire
A light Economic Calendar Leaves Brexit and the ECB in Focus
The Aussie Dollar takes another hit this morning. With stats on the lighter side on the day ahead, the focus will remain on Brexit and monetary policy.
- Investing.com
Yuan Inches Up as China Scraps Foreign Investment Limit in Stock Markets
Investing.com - The Chinese yuan inched up against the U.S. dollar on Wednesday in Asia after Beijing scrapped foreign quota and allowed unfettered access to the stock markets.
- FX Empire
AUD/USD Price Forecast – Australian dollar running into resistance
The Aussie dollar tried to rally initially during the trading session on Tuesday but ended up finding a significant amount of resistance into the market. That being the case, it’s likely that we will see some pullback coming rather soon.
- FX Empire
AUD/USD Forex Technical Analysis – Short-Sellers Defending Main 50% Level at .6880
The current price at .6859 is slightly below the major 50% level at .6880. Yesterday’s high at .6876 also fell short of this level. Taking out .6876 then closing lower will form a closing price reversal top. This will indicate the selling is greater than the buying at current price levels. This could trigger the start of a 2 to 3 day correction.
- FX Empire
The Aussie Dollar Takes an early Swim as Focus Shifts to the GBP
The Aussie Dollar struggled as business confidence waned, the Kiwi found early support. The focus now shifts to the Pound…
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Short-Covering Rally Could Weaken if Risk is Off
The trade balance data is further proof that China’s economy is weakening because of the U.S. tariffs. This could help limit gains in the Aussie and Kiwi on Monday. The move by the PBOC to add more stimulus is potentially supportive, but this will take time to trickle through the economy.
- FX Empire
AUD/USD, NZD/USD, USD/CNY – Daily Forecast
Chinese trade surplus and NZ manufacturing sales disappoint, Australian business confidence ahead
- FX Empire
AUD/USD Forex Technical Analysis – Looking for Sellers to Return on Test of .6880 to .6927
Based on the early price action, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the steep uptrending Gann angle at .6848.
- FX Empire
A Relatively Quiet Calendar Leaves Parliament and the GBP in Focus
While German trade data could trouble the EUR, it’s all eyes on Parliament, which could be suspended as early as today. What’s next for Boris?
