Browsing Tag

Australian Dollar (AUD)

Intraday Analysis – USD Looking Fragile

David Kindley Jun 5, 2024 17 0

FTSE 100(UK 100) seeking support The FTSE 100 rebounded on the recent sell-off, but it looks likely to test the recent low at 8125. A cup and handle formation has brought the index to its first key resistance at 8350, which coincides…
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Technical Analysis

Intraday Analysis – Gold Remains Pressured

David Kindley May 29, 2024 17 0

XAUUSD tests demand zone Gold corrected after reaching oversold levels as prices ventured towards the $2300 area. The metal is now testing the 2335 zone near the base of the previous breakout rally. An initial bounce is a sign of…
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Fundamental Analysis

China Trade Balance: Beyond the AUD

Daniel John Grady Sep 6, 2023 50 0

There is a lot of market expectation on China's upcoming August trade balance data. Of the majors, the currency most likely to be directly impacted is naturally Australia. But with the world having increasing doubts about China's economic…
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Technical Analysis

Surfing the Waves with Gregor Horvat – Elliott Wave Analysis

Gregor Horvat Aug 29, 2023 39 0

In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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Fundamental Analysis

Global Flash August PMIs and Market Sentiment Shift

Daniel John Grady Aug 22, 2023 59 0

Market risk sentiment has been really sensitive lately. The normal drift higher during summer dynamics has been interrupted by a series of bad news. So, it's not surprising that a data series which usually affects the markets' mood will get…
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Technical Analysis

Intraday Analysis – SPX500 Breaks Lower

Jing Ren Aug 18, 2023 33 0

AUDUSD tests resistance The Australian dollar weakened after an uptick in July's unemployment rate. The pair is still struggling to stabilise after it broke below May’s low of 0.6500. 0.6370 is the closest support and the RSI’s oversold…
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Technical Analysis

Intraday Analysis – USD awaits catalysts

Jing Ren Jul 26, 2023 36 0

AUDUSD struggles to bounce The Australian dollar faltered after Q2’s CPI fell short of expectations. After hitting resistance and forming a double top at 0.6900, the pair has sought to secure a foothold. While some profit-taking has…
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Fundamental Analysis

RBA to hike, or not?

Daniel John Grady Jun 5, 2023 50 0

There is considerable uncertainty around what the RBA will do when it meets later today (or early tomorrow, depending on your time zone). Part of this is due to signals being given by officials seemingly contradicting the data that has been…
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Technical Analysis

DXY Primary Wave Ⓩ Confirms Triple Combination

Roman Onegin Mar 2, 2023 78 0

DXY is forming a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ have already ended. The actionary wave Ⓨ is a double zigzag and the intervening wave Ⓧ is a standard zigzag. In the near future, the price…
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Fundamental Analysis

Chinese PMIs and Potential Commodity Currency Recovery

Daniel John Grady Jan 27, 2023 172 0

With lingering questions on how much of an impact China's reopening will have on the global economy, there's likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, since they are the…
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