The GBP/AUD exchange rate has broken below the June 4 lows - a key level - and is now in a downtrend which is expected to continue over the next five days.
June 30,2019
The trade war between the U.S. and China might not be having the negative global ripple-effect anticipated, according to recent export data from some of China’s biggest trading neighbours, and this has implications for FX markets.
June 27,2019
The Australian Dollar is undervalued by a double-digit percentage, according to new analysis from Commonwealth Bank of Australia, although correcting the mismatch between market prices and the instrinsic value of the Aussie unit could be a long and drawn out process.
June 27,2019
The Australian Dollar is facing a tidal wave of interest rate cuts from the Reserve Bank of Australia (RBA) over the coming months, according to forecasts from three of the world's most prominent banks, which risk further undermining the Antipodean currency against rivals including the U.S. Dollar and Pound Sterling.
June 25,2019
GBP/AUD is trading at around 1.8328 at the start of the new week, ensuring a new uptrend has taken root this June and studies of the charts suggest this will extend in the next five days.
June 24,2019
The Australian Dollar was on course for another day of gains over its U.S. counterpart Friday and is now tipped as a buy at Morgan Stanley, although the analyst team at Canada's CIBC Capital Markets are remaining on the sidelines so clearly, not everybody shares the American bank's enthusiasm.
June 21,2019
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