AUD/USD extends Friday’s recovery moves amid cautious optimism. Australia’s CBA PMIs flashed upbeat data for November, Treasurer Frydenberg suggested tax break extension. Virus woes battle vaccine/treatment hopes, the tussle between the US Fed and Treasury challenges the risks. US PMIs, virus updates and news on Fed/Treasury drama will be the key. AUD/USD rises to the
AUD/USD is testing a critical supply zone, where failures open significant downside risk. RBA Lowe will speak on “Covid, Our Changing Economy and Monetary Policy”. At the time of writing, AUD/USD is trading at 0.7266 in the open between a 0.7263 and 0.7270 range so far following a bullish close on Friday. However, AUD/USD traded a
AUD/USD wavers around multi-day bottom with cautious mood ahead of crucial data/events. China’s official PMIs came in better than expected in October, Caixin Manufacturing PMI awaited today. Virus woes, uncertainty over the US elections keep US dollar on the bull’s radar. RBA, US presidential election and the month-start data flow will keep markets busy. AUD/USD
AUD/USD bounces up at 0.7100 and returns to 0.7130 area. The aussie is set for a weekly gain despite the dovish RBA. US elections and RBA to push the AUD below 0.7000 – Westpac. Australian dollar’s bearish reaction from one-week highs at 0.7155 area has been supported above 0.7100 and the pair managed to pick up
AUD/USD attempts to fill the week-start gap down from 0.7240 to 0.7222. Challenges to the US stimulus prevail despite Trump’s readiness for a “bigger” package. PBOC unveiled extra measures, COVID-19 conditions in Europe again get worrisome. A light calendar in Asia keeps risk catalysts on the driver’s seat during a likely dull day. AUD/USD
AUD/USD drops around 10-pips after Monday’s upbeat performance. Market’s mood remains upbeat with US President Donald Trump out of Walter Reed with much better health conditions. Hopes of US stimulus, soft Brexit manage to dim skyrocketing White House COVID-19 cases. RBA to keep status-quo, tax cuts are highly anticipated from Federal Budget. AUD/USD declines
AUD/USD seesaws near the high of Monday’s corrective recovery. Hopes of further money supply from the US and Europe join expectations of virus vaccine to boost market sentiment. Equities, commodities benefited the most whereas the US dollar is still not on the bears’ radars. US Presidential Election debate is the key event while Fedspeak may
Falling gold prices and pressured equities weighed on the Aussie. Australian Retail Sales fell 4.2% in August, according to preliminary estimates. AUD/USD is biased lower despite oversold and could even lose the 0.7000 mark. The AUD/USD pair extended its weekly decline to 0.7075, holding around the mentioned low ahead of the Asian opening, as
AUD/USD jumps 15-pips at the week’s start after ignoring the red line during the previous week. Upbeat comments from Aussie PM Morrison and Chinese President Xi Jinping favored the early bulls despite virus woes, Brexit worries. US election jitters, Sino-American tussle and the stimulus deadlock challenge the optimists. No major data on the radar but
AUD/USD keeps late-Friday recovery from 0.7258 but stays capped below 0.7285. US inflation data came in positive, Brexit, US-China tussle also challenged the bulls. Oxford vaccine, AstraZeneca, to restart trials halted last week, China retaliated US sanctions. A light calendar at the week’s start will keep risk catalysts on the driver’s seat. AUD/USD begins