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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The Reserve Bank of Australia shifted down a gear from upbeat to mostly neutral in the accompanying statement to their March policy meeting.
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GBP/AUD has been tapering to the apex of a steadily narrowing cone-like range, but a breakout now appears to be on the cards.
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Australia is the largest iron ore producer in the world, what does the outlook for this commodity mean for the Australian Dollar?
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The Australian Dollar is selling off rather heavily versus the US Dollar, which is causing some concern inside FX circles.
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The Australian Dollar should rise as a result of a more prosperous world, according to Unicredit’s Global Head of FX Strategy Vaselios Gkionakis.
Read more … →GBP/AUD has been moving sideways for several weeks now and although it seemed to want to break out to the upside on Friday, the spike was only temporary before the exchange rate retracted and ended…
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