Tag Archives: aud/usd

The AUD/USD advances towards solid resistance around the 0.6970-90 area. Weak US economic activity and manufacturing data reported on Monday increase the chances of a US recession.The AUD/USD climbs during the North American session but faces solid resistance around the 50-day EMA around 0.6971, amidst an upbeat market mood, with …

The AUD/USD pair is set to finish the week up by 2.23%. the US Services and Composite PMIs plummeted below 50, suggesting a recession could be near.Hawkish RBA minutes revealed during the week cushioned the AUD/USD from falling further on weak Aussie PMIs. The AUD/USD pair rises for the second …

The AUD/USD pair’s performance is flat in the first hour of Asian trade on Friday as it moves in on extremes of a broadening formation on the charts, but fundamentally, the stock markets on Wall Street and the softer US dollar have been a significant catalyst, so, the pair rallied …

At 0.6827, AUD/USD is trading between a 0.6784 and 0.6854 range but is higher by 0.5% on the first trading day of the week in midday New York trade. However, the pair is significantly higher than the fresh bear cycle low that was printed last week which was the lowest …

The AUD/USD pair has turned sideways after a sheer downside move to Monday’s low at 0.6715 on a risk-off impulse on the market. The asset is hovering around its fresh monthly low as the US dollar index (DXY) has printed a fresh 19-year high at 108.27.The AUD/USD pair is hovering …

The Chinese Ministry of Finance is pondering permission to local governments to sell 1.5 trillion yuan of special bonds in the second half of this year, an unprecedented acceleration of infrastructure funding to shore up the country’s beleaguered economy.The news adds strength to the recent risk-on mood and helps AUD/USD …

The AUD/USD pair fell more than 100-pips during the day and probed the YTD low around 0.6763. The Australian dollar followed its fellow peers and is tanking to fresh two-year-lows amidst renewed concerns of a recession looming worldwide, amidst a high inflation scenario, bolstering the appetite for safe-haven peers in …

The AUD/USD pair reached a new YTD low at around 0.6776. US ISM Manufacturing PMI for June continued expanding but at a slower rhythm.At 0.6821, the AUD/USD stays depressed and ready to finish the week with substantial losses of 2%. The mixed market sentiment and a pullback in the US …

The AUD/USD broke above 0.6920 and jumped to 0.6957 on Friday, reaching the highest level in two days. Stocks are sharply surging and this helps the Australian dollar.Despite recession fears, investors flocked to stocks. US stocks indexes are up by more than 2%, extending weekly gains. Negative economic data did …

The AUD/USD is upward biased in the near term, boosted by RBA’s Lowe, saying that a 25-50 bps increase in the July meeting is on the cards.AUD/USD edges up after beginning the week on the wrong foot, jumping from 0.6915 daily lows towards 0.6990 highs, closing to the 0.7000 threshold. …