The GBP/AUD is rangebound and a break above significant highs or lows is required to deduce a new trend.
August 19,2019
The Australian Dollar advanced against most of its G10 rivals Friday as markets celebrated President Donald Trump's claim that he could yet meet his Chinese counterpart in September, citing progress in talks between the two warring economies, although analysts say the Aussie's gains won't last for long.
August 16,2019
In fact, it may be the first sign of a much brighter period of growth in the second half of 2019 and into 2020, analysis from global accountancy firm Deloitte, and certain business cycle indicators. With an upturn in the economy the Australian Dollar is also likely to partake of the improved outlook and strengthen as well.
August 16,2019
The Australian Dollar ruled the G10 roost Thursday as investors responded to a strong set of jobs numbers for July, which have been perceived by some as making a September interest rate cut from the Reserve Bank of Australia (RBA) less likely.
August 15,2019
The Australian Dollar eased lower in early trading Wednesday after bettter-than-expected wage figures and a surprise U.S. rethink of its latest round of trade tariffs were overshadowed by the possible implications of some dire Chinese economic numbers released overnight.
August 14,2019
The overarching downtrend in GBP/AUD is still intact, but a break back below the trendline is required to confirm the downtrend's extension.
August 12,2019
The Australian Dollar was steady during the morning session Friday after the Reserve Bank of Australia (RBA) signalled it will be wait a while before cutting interest rates again and as market concerns over the Chinese Renminbi eased, which analysts are divided in their outlook for the Antipodean currency over the coming weeks.
August 9,2019
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