|Day's Range||0.68 - 0.681|
|52 Week Range||0.5520 - 0.7079|
Economic data shows an improvement but nothing to write home about. Civil unrest, economic gloom, and unprecedented unemployment must be a concern…
The RBA is expected to leave its benchmark interest rate at 0.25%. We’re also looking for policymakers to leave monetary policy measures intact.
The Aussie has reached even higher during the session on Monday, breaking above the 200 day EMA over the last several days and then breaking to a new high.
It’s a busy week ahead. Central banks are in action and China will be in a retaliatory mood. Then there are the stats to begin tracking once more…
The Australian dollar has rallied a bit during the week, reaching towards the 50 week EMA, which of course is one indicator reliable over the last years.
The Australian dollar has initially dropped during the Friday session only to turn around and break towards the highs again.
While the economic calendar is on the busier side, Trump’s news conference will be the main event, which is testing risk sentiment early on.
The U.S Dollar is in action later today, with the weekly jobless claims and durable goods orders in focus. There’s also Trump and Beijing to consider.
RBNZ economic stress test analysis suggests banks in the country can continue to lend and prosper through a broad range of adverse scenarios.
The Australian dollar initially tried to rally during the trading session on Wednesday but gave back a significant amount of the gains above the 0.6665 handle.
Mid-week market drivers with Dukascopy TV. We’ve got COVID-19 news and numbers, U.S – China tension, and optimism towards the economic.
AUD/USD is showing strong bullish momentum, which looks like a wave 3. The current pullback could be a wave 4. This means that the uptrend could soon continue.
As market jitters over the U.S and China resurface, the ECB and the EU Commission will be in focus later this morning…
The Australian dollar peeked through the 200 day EMA, showing signs of strength again, and now it looks as if we need to confirm a longer-term break out.
The markets continue to move northwards. Who needs geopolitical risk, when you have hope? The big question must be whether it can continue…
The Aussie and Kiwi should be underpinned throughout the session on Tuesday as long as investors remain focused on the global economic recovery.
It’s “risk-on” this morning as the markets continue to brush aside U.S – China tensions. Economic data later in the day will garner some attention, however.
The Australian dollar did truly little during the trading session on Monday as you would expect because the Americans were celebrating Memorial Day…
Economic data puts the EUR in focus, while geopolitics and COVID-19 news and numbers will also influence on the day.
There’s not much anyone can do with the economic data until the virus is contained and the stimulus money starts to circulate through the economy.