GBP/AUD is in short-term downtrend which could continue but watch for the 50-week moving average to provide support near current levels.
August 5,2018
The Australian Dollar slipped lower in the final session of the week as an escalating trade conflict between the US and China weighed on the Antipodean unit, despite a strong June retail sales report that took the market by surprise.
August 3,2018
The Australian Dollar crumbled again Thursday after President Donald Trump upped the ante in the so called trade war with China, which led traders to overlook a solid increase in the Australian trade surplus and the prospect of a solid June retail report emerging later in the session.
August 3,2018
The Australian Dollar rose Tuesday after a surprise surge in the number of new building approvals issued during June showed fears over a possible collapse of the Aussie housing market to be overdone.
July 31,2018
The Australian Dollar outlook appeared to darken Monday as markets awoke in Europe to discover Australian voters have rejected Prime Minister Malcolm Turnbull's economic agenda in a series of by-elections, just as Westpac economists downgrade their forecasts for inflation, with adverse consequences for the Australian Dollar.
July 31,2018
GBP/AUD continues to trade within a narrow range with no clear directional trend, Australian retail sales data is the major release for AUD in the coming week and for GBP the Bank of England meeting promises potential fireworks on Thursday.
July 30,2018
The Australian Dollar rose Friday, drawing a line under earlier losses brought on by a deterioration in Australia's "terms of trade", and it could continue to rise during coming days if analysts are right in saying the Antipodean currency is "poised for a turnaround".
July 27,2018
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