AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
Tag - australia
According to ING Bank, the AUD will face pressure next week. What are the reasons?
According to Westpac, the AUD is undervalued. What target do they set?
FBS is an ever-growing family, everyone knows that. With the multitude of improvements and upgrades coming out constantly.
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
The current slowdown in new virus cases in the USA improved the market sentiment. Sino-American tensions are escalating. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
The next week may definitely be called Australian due to the huge amount of economic releases.
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Gold, USD and JPY are gaining, while stocks and riskier assets are loosening.
Risk-on pushed stocks and riskier currencies upward.
The fresh data from New Zealand and Australia will be released tomorrow morning! Follow up!
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
AUD has a pause on the way up as 600,000 people lost jobs. Is it a short-term correction or change of a course?