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The English Pound (GBP) continued to dominate moves across the main board of currencies, extending its dominance over the Australian Dollar (AUD) in a big way this week. The biggest weekly move in a year by the cross sees it trading at 0.5015 (1.9950) this morning compared to the weekly open price of 0.5130 (1.9490)….
The US Dollar (USD) has lengthened out its hold over the Australian Dollar (AUD) to 0.6400 levels this morning earlier yesterday reaching 0.6365. The cross has cleared all remaining support levels of late with the remaining significant long-term support remaining at 0.6140. A mix of factors hasn’t helped the Aussie of late- “risk” markets were…
As we said earlier the Australian Dollar (AUD) came under pressure, but it wasn’t until late Wednesday we saw a shift off 0.9210 (1.0860) levels back to 0.9235 (1.0830). NZ Retail Sales disappointed in the June quarter coming in at -1.0% vs -0.4% the 3rd consecutive decline representing consumers leaving money in their pocket, the…
FX Update Key Points: The Reserve Bank of New Zealand holds interest rates at 5.50% Japanese “core-core” inflation – (excluding food and energy) rises to 4.3% Gold has fallen to the lowest level since March- 1980 per ounce. Chinese Industrial production released down on expectations in the second quarter, with domestic indicators like real estate…
The New Zealand Dollar (NZD) continued its downward spiral late last week reaching 0.5980 closing below key support at the big figure- 0.6000 against the US Dollar (USD). Monday’s action has extended moves to the downside clocking 0.5950 in early Tuesday. To be honest, the kiwi looks “down for the count” at the moment trading…
Mid last week, prices in the Euro (EUR), Australian Dollar (AUD) cross fell through long term support at 0.5960 (1.6780) to reach 0.5930 (1.6860) at the close. Trading into Monday extended this run to 0.5910 (1.6930) before reversing to 0.5950 (1.6815) early Tuesday. If we look back 1 year on the chart to August 2022…
Mid last week, prices in the Euro (EUR), Australian Dollar (AUD) cross fell through long term support at 0.5960 (1.6780) to reach 0.5930 (1.6860) at the close. Trading into Monday extended this run to 0.5910 (1.6930) before reversing to 0.5950 (1.6815) early Tuesday. If we look back 1 year on the chart to August 2022…
The Australian Dollar (AUD) came under pressure late in the week reversing early week gains from 0.5160 (1.9370) to close out the week at 0.5115 (1.9550). We are in our 5th week straight of lower highs and lower lows in the cross as the pair reaches an April 2020 low Monday extending declines. UK GDP…
The Australian Dollar (AUD) came under pressure late in the week reversing early week gains from 0.5160 (1.9370) to close out the week at 0.5115 (1.9550). We are in our 5th week straight of lower highs and lower lows in the cross as the pair reaches an April 2020 low Monday extending declines. UK GDP…
The Australian Dollar (AUD) dropped through prior support at 0.6460 this morning against the USD Dollar (USD) extending last week’s slump from 0.6615 to reach 0.6450. This can go one of two ways… the AUD/USD could post a daily close below 0.6450 signalling further declines or we could see a recovery from the AUD of…