Aussie

AUDUSD seeks support The Australian dollar struggles after cautious RBA meeting minutes. The pair had failed to bounce back from the demand zone around 0.7250 which lies on the 61.8% Fibonacci retracement level of the August rally.…

EURUSD climbs as price pressure rises The euro inched higher supported by improved economic data. Inflation in August overshot to a decade high by a full percentage point above the central bank’s target. This has placed…

EURUSD tumbles on hawkish Fed minutes The US dollar surged to nine-month highs after the taper talk hit the headlines once again. The Fed minutes from July's meeting hinted at a potential trim of its bond-buying program later this…

AUDUSD builds support The Australian dollar jumped after the RBA kept its tapering course despite dovish guidance. The Aussie is making an attempt to reverse the gears. The RSI divergence was an indication that the bearish momentum…

At their last meeting, the RBA declined to extend the yield curve control provision. For practical purposes, this amounted to a tightening of policy, because it allowed interest rates to go higher for longer-term bonds. The market…

Australia has been riding the recent commodities boom. And if a supercycle does develop, it could be in for some substantial growth. But, there is a particular challenge that they have to overcome in the short term, which might put it…

The latest number of new COVID cases detected in the state of Victoria have returned to a fraction of what they were at the peak. However, expectations indicate that lockdowns in the state that contributes most to Australia's economy…

Last Week’s Highlights UK Economy Contracts the Most Since 1955 The latest statistics from the United Kingdom showed that the gross domestic product fell at the fastest pace since 1955 in the second quarter of this year. Data from the…

Dollar Takes a Step Back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims dropped below one million for the first time since March. However, this could not prevent the US index from closing…

Rates Remain At Record Lows At its July meeting this week, the Reserve Bank of Australia refrained from adjusting its monetary policy. This was in line with broad market expectations. Rates now remain at record lows of 0.25%. The RBA…