Fundamental view: The Australian dollar has gone back and forth over the last couple of weeks, and at this point in time it is likely that the market will continue to see a lot of back and forth in this general vicinity due to the fact that it has rallied. Australia Employment Change, Unemployment Rate on 17th [...]
Fundamental view: Aussie showed a mixed trend for the past week. US Consumer Credit monthly report on 9th Sept helped uptrend for the pair whereas US Core PPI monthly report on 10th Sept and US NFIB Small Business Index on 8th Sept helped downtrend for the pair. The Australian Dollar will be closely watching the [...]
Fundamental view: The AUD/USD pair has reached this week 0.7413 on Monday, a level that was last seen on August 2018. The greenback, however, began recovering afterwards, partially due to its extreme oversold conditions and partially due to an improved market mood. Australia Company Operating Profits on 31st August and Australia Building Approvals monthly report [...]
Fundamental view: The Australian dollar has rallied rather significantly during the course of the week, especially on Friday as the US dollar is getting absolutely pummeled. US HPI monthly report and US Crude Oil Inventories on 26th August created bearish environment for the pair whereas Australia Private Capital Expenditure quarterly report on 27th August and Wholesale Inventories [...]
