The Australian Dollar Could Witness a New Heyday From a Mini-Boom in Commodities, say Analysts at HiFXThe Australian Dollar Could Witness a New Heyday From a Mini-Boom in Commodities, say Analysts …
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The GBP/AUD has rallied to within a few pips of our initial upside target at 1.7000 and looks set to continue rising once it resumes its uptrend.
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GBP/AUD is in a strong uptrend as Trump’s presidential win changes the outlook for global yields diverting flows away from commodity currencies which were previously much in demand.
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The GBP/AUD pair has broken above key resistance provided by the major trend-line and is not consolidating ahead of another possible leg higher.
Read more … →The Pound has suddenly turned the tables on the Aussie, which seemed invulnerable pre-Trump, but is now losing out as interest rates rise globally reducing the Aussie’s previous yield advantage.
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The Pound to Australian Dollar exchange rate (GBP/AUD) traded towards lows below 1.60 in the 24 hours following Donald Trump’s victory in the US Presidential Elections.
Read more … →The GBP/AUD pair is starting to move lower in line with the dominant medium-term downtrend after a positive assessment by the Reserve Bank of Australia (RBA) lessened fears they would devalue the c…
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