Iron Ore traders were the most pessimistic group in a recent survey of commodity practitioners by international commodity and financial services conglomerate Macquarie.
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GBP/AUD is puttering along in a range in the 1.60s but the lack of downside momentum as well as the location of the S1 monthly pivot at the 1.5931 lows seems to indicate the possibility of a reboun…
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Labour market uncertainty, stubbornly low wages and volatility in commodity prices are expected to keep the Australian Dollar under pressure until the end of 2018 say analysts at Aussie lender West…
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GBP/AUD has formed what looks to be a triangle pattern on the daily chart which bodes bearish for the outlook for the pair.
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The GBP/AUD exchange rate has temporarily broken above the trendline drawn down from the February highs, in a mildly bullish move.
Read more … →Positive economic data, showing a still-buoyant housing market has sparked a recovery on AUD/USD after it reached support from a cluster of moving averages in the 0.75s.
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GBP/AUD has been tapering to the apex of a steadily narrowing rang between lows at 1.5980 and highs currently at about the 1.6180 level; we look for the exchange rate to potentially break higher.
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