The Reserve Bank of Australia (RBA) rate meeting is the main event on the economic calendar in the week ahead; whilst from a technical perspective tough resistance looms around the 1.78 level.
September 5,2016
The GBP/AUD pair continued rising on Thursday after the Aussie side of the pair weakened on poor Retail Sales and Capital Investment (Capex) data and the pound strengthened after a rise in Manufacturing PMI.
September 2,2016
The Australian dollar is likely to fall in value in the last few weeks before the US Presidential election, says Baml’s FX and rates strategist.
August 31,2016
The price of iron ore, Australia’s largest commodity export, is showing signs it could be topping which does not bode well for the Australian dollar, which is highly correlated to the commodity.
August 30,2016
The GBP/AUD chart is showing a small potential head and shoulders pattern forming, most clearly visible on the one-hour chart, but also on the four hour.
August 27,2016
Fundamentals indicate more Australian dollar appreciation but technical are less bearish
August 23,2016
The pound to Australian dollar has recovered following the release of strong employment and retail sales data in the UK, improving the outlook for the British economy despite fears of a Brexit-induced slow-down.
August 19,2016
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