AUD/USD double bottom at 0.8650 provides good buying opportunities!
The AUD/USD slide that we have been witnessing since early September seems to have bottomed out at 0.8641, at least in the mid-term. This week’s impulsive movement to the upside has resulted in a double bottom More...
Is the dollar rally set to continue or a correction is ahead: it all depends on the Fed
Dollar bulls hold their breath, keenly awaiting Fed’s message today; the AUD/USD recovery should not be viewed as a game changer because further losses for the Aussie seem inevitable. The US dollar keeps on floating More...
The pain for the Australian dollar is not over yet
The Australian dollar lost about 4 figures against its US counterpart last week; further losses are expected due to the slowdown the Chinese economy is experiencing. The Australian dollar plunged to a 6-month low More...
The Australian dollar rallies as jobs numbers beat expectations
The AUD/USD surged on better than expected employment report and decelerating inflation in China, while the NZD/USD erased earlier gains after the RBNZ left interest rates unchanged. The Aussie was pushed higher More...
The USD/JPY extends its rally despite slightly decreasing Japanese machinery orders
The USD/JPY momentum pushed the pair further north to more than 6-year highs; the US dollar retained its strength against other major currencies owing to bets the Fed would hike rates earlier than previously anticipated. The More...
AUD/USD steady as RBA keeps rates unchanged and describes Aussie as overvalued
The Reserve Bank of Australia kept interest rates at 2.5 percent and commented on the strength of the national currency, which has remained stubbornly high despite declining commodity prices. The Reserve Bank of More...
The Australian dollar remains weak amid mounting geopolitical tensions and the flat outlook for interest rates
The Australian dollar declined further in the past week as traders opted for the safety of the yen and the US dollar, with geopolitical conflicts raging globally. The Australian dollar depreciated further over More...
