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The Australian Dollar rose Tuesday after the Reserve Bank of Australia (RBA) played down the risk of it resorting to quantitative easing (QE) next year, while Sterling retreated in response to pre-election opinion polls that helped force the Pound-to-Aussie rate into a test of its intraday pivot point on the charts.
November 26,2019
A look at the charts confirms that the multi-week uptrend in the GBP/AUD exchange rate remains alive, and therefore any short-term losses - such as we saw last week - are ultimately likely to remain shallow.
November 25,2019
The Australian Dollar was on the front foot against all other than its Kiwi and British rivals Thursday as currency markets welcomed words of optimism from China on the trade talks as well as minutes from the latest Federal Reserve (Fed) meeting that may have aided sentiments toward the global economy.
November 21,2019
The Australian Dollar was scraping the bottom of the proverbial barrel Tuesday and could be set to remain under pressure in the weeks ahead after the Reserve Bank of Australia (RBA) revealed that it's likely to cut the cash rate to a fresh record low before long.
November 19,2019
The Australian Dollar tanked Thursday and is tipped for more losses ahead after the October jobs report revealed a surprise increase in the jobless rate that has incited fresh bets the Reserve Bank of Australia (RBA) will cut its cash rate again before long, and brought 'quantitative easing' a step closer.
November 14,2019
The Australian Dollar followed its Kiwi counterpart higher on Wednesday after the Reserve Bank of New Zealand (RBNZ) surprised the market by leaving its interest rate unchanged for November but domestic as well as international factors could easily become a burden for the Aussie in the days ahead.
November 13,2019
The GBP/AUD exchange rate is steadily correcting the prior rally, but the overall ‘look and feel’ of the charts suggests a bias towards an eventual bullish continuation once the correction ends.
November 10,2019
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