AUD/USD declines to approximately 0.7165 during the Asian session on Tuesday. The US military has reported conducting new strikes in southern Iran. Traders prepare for the upcoming release of Australia’s April CPI inflation report, scheduled for Wednesday. The AUD/USD pair is currently positioned in negative territory, trading around 0.7165 during the Asian trading hours on … Read more
AUD/USD is currently testing the immediate resistance level at the nine-day EMA, positioned at 0.7161. The 14-day Relative Strength Index near 51 suggests a neutral-to-slightly positive momentum. The initial support is identified at the 50-day EMA of 0.7116. AUD/USD shows a recovery after two consecutive days of declines, currently trading near 0.7160 during the Asian … Read more
AUD/USD experiences a decline after the publication of weaker employment figures from Australia. Australia’s Unemployment Rate increased to 4.5% in April; concurrently, the Employment Change decreased by 18.6K jobs. Trump indicated that negotiations between the US and Iran are nearing completion, warning of potential military action within days should Iran decline his conditions. AUD/USD has … Read more
The Australian Dollar continues to experience losses as China’s Retail Sales showed a modest increase of 0.2% year-over-year in April, falling short of the anticipated 2.0% and the previous 1.7% figure. Fed officials emphasized the importance of controlling inflation, indicating that additional interest rate hikes may be required if price pressures continue to be a … Read more
AUD/USD moves upward, approaching 0.7240 during the Asian session on Wednesday. The assertive stance of the RBA supports the Australian dollar. Market participants will monitor the upcoming US PPI inflation report and the Trump-Xi summit scheduled for later this week. The AUD/USD pair appreciates to approximately 0.7240 during the Asian trading session on Wednesday. The … Read more
The AUD/USD pair experienced a decline as the US Dollar gained strength in response to increasing market risk aversion. In April, China’s Consumer Price Index experienced a year-over-year increase of 1.2%, surpassing the 1.0% rise recorded in March and exceeding the anticipated 0.8% forecast. In April, US Nonfarm Payrolls increased by 115K, surpassing expectations even … Read more
AUD/USD could approach 0.7277, marking its peak since June 2022. The 14-day Relative Strength Index at approximately 61 indicates ongoing positive momentum. Initial support is positioned around the nine-day EMA at 0.7195. AUD/USD has reversed some of its recent declines from the prior day, currently trading near 0.7220 in the Asian session on Friday. The … Read more
The AUD/USD exchange rate exhibited a sideways movement despite the ongoing divergence between the Federal Reserve and the Reserve Bank of Australia. The pair was trading at 0.7200 on Wednesday morning, maintaining the narrow range observed in recent days as attention turns to the forthcoming US jobs report. The AUD/USD pair exhibited a sideways movement … Read more
AUD/USD experiences a decline, settling near 0.7200 during the early hours of Friday’s Asian session. Trump will consider military options as part of efforts to exert pressure on Iran to reach a deal. Increased Australian CPI inflation may strengthen the Australian dollar. The AUD/USD pair experiences a downward movement, approaching the 0.7200 mark in the … Read more
AUD/USD experiences a gradual ascent, reaching approximately 0.7130 during the early hours of Thursday’s Asian session. In March, Australian CPI inflation experienced a significant rise, influenced by the ongoing conflict in the Middle East that led to higher energy prices. At the April meeting on Wednesday, Federal Reserve officials decided to maintain the current interest … Read more