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The Australian Dollar staged a rebound against its developed world rivals during the morning session in London Tuesday, drawing a line beneath Monday's losses, as traders' concerns over a possible trade war between the world's two largest economies were eased by a conciliatory speech from Chinese President Xi Jingping.
April 11,2018
The GBP/AUD pair continues to bang up against solid resistance from the 200-week moving average as we enter the new trading week.
April 9,2018
The Australian Dollar edged higher against its international rivals at noon in London Friday but remains close to a key support level against its US counterpart and strategists are warning that if this gives way, a fierce sell-off could ensue.
April 6,2018
The Australian Dollar has remained under pressure in the first week of April although one Singapore based strategist is now calling an end to the rout and recommending clients bet on a rise in the Aussie unit relative to the US Dollar.
April 5,2018
The Australian Dollar rose during early trading in London Wednesday as markets responded to the latest retail sales report from down under, which showed consumer spending rebounding from an earlier slump during February.
April 4,2018
The exchange rate is in an established uptrend but it has now met firm resistance overhead from the 200-week moving average (MA) which is capping further gains.
April 3,2018
The Australian Dollar could be owed a rebound in the forthcoming week, according to strategists at Commonwealth Bank of Australia, as month and quarter-end hedging activity among institutional money managers dies away.
March 29,2018
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