Our studies confirm the Australian could edge higher against both the USD and GBP - here are our targets and levels to be aware of.
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Strong Australian Data Makes it Unlikely the Reserve Bank of Australia Will Cut Interest Rates This Week.
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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.
Read more … →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 Manufact…
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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.
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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.
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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.
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