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AUDUSD Advances On Lack Of RBA Rate Cut Hint
30On the heels of a better than expected release of the Reserve Bank of Australia’s meeting minutes, the Australian dollar continued to make headway against the US dollar in the
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Westpac Rises, AUDUSD Gains
30Gaining shortly after the release of the Westpac Banking Corp. report, the Australian dollar jumped to trade as high as 1.0395 against the US dollar in the Asian session. The
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AUD Business Confidence Improves on Inflation Outlook
30For the first time in three months, Australian business confidence improved in the month of October as business leaders saw optimism in a potential end to the European crisis and
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AUD, NZD Make Silent Weekly Advance
30Commodity bloc currencies made relatively unnoticed gains on the week according to the most recent Commitment of Traders report. The survey, released on Friday afternoon shows demand for both the
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RBA Cuts Rates For First Time In Almost 3 Years
30For the first time in almost 3 years, the Reserve Bank of Australia cut benchmark interest rates by 25 basis points to 4.50%. The move was widely expected by the
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AUDUSD Rangebound Ahead of Inflation Report
30Traders in the currency market will have two key reports to focus on when the Asian session begins later today. The anticipation has kept the Australian dollar in a relatively
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AUDUSD Momentum Thins As Business Confidence Plunges
30Any temporary momentum for a move higher in AUDUSD evaporated following a pessimistic confidence report published by the National Australia Bank. The quarterly survey found that business confidence had fallen
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AUDUSD Testing 1.0350 Double Top Resistance
30Recovering in yesterday’s session by almost 2.3%, the AUDUSD currency pair is beginning to show signs of momentum loss just ahead of the 1.0350 resistance barrier in the 15-minute timeframe.
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AUDUSD Rises to 1.0200
30Since finding support at the 0.9400 level almost two weeks ago, the AUDUSD currency pair has gained by an impressive 7.8%. Now trading at 1.0143, the exchange rate is running
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3 Reasons Why Australian Confidence Will Fall
30Australian dollar gains have piled up since the currency hit support at the 1-year low of 0.9390 – compared to the current trade of 0.9940. But, further short term gains
