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
AUD/USD is currently consolidating near 0.7130 following a decline from its weekly peak of 0.7185. This week, the safe-haven USD has been supported by increasing geopolitical tensions. Foreign exchange analysts anticipate that the pair will fluctuate within the range of 0.7080 to 0.7180 in the upcoming weeks. The Australian Dollar posts marginal gains against the … Read more
AUD/USD is making progress, reaching approximately 0.7155 during the early hours of Thursday’s Asian session. Trump stated that there is “no time frame” for the conflict with Iran. In April, Australian preliminary PMIs returned to a state of expansion. The AUD/USD pair is showing strength around 0.7155 in the early hours of the Asian session … Read more
AUD/USD is showing upward momentum, reaching approximately 0.7160 during the early hours of Wednesday’s Asian session. Trump announced that the United States is prolonging the ceasefire with Iran following a request from Pakistan. Anticipations are building that the RBA will implement an additional rate hike in response to escalating fuel prices and inflationary pressures. The … Read more
AUD/USD declines to approximately 0.7140 during the early Asian session on Monday. Iran has refuted claims regarding forthcoming discussions with the United States. The hawkish position of the RBA may limit the potential decline for the Australian dollar. The AUD/USD pair sees a wave of selling pressure approaching 0.7140 in the early hours of the … Read more
AUD/USD maintains its position around 0.7180 during the Asian session on Thursday. Australia’s Unemployment Rate remained stable at 4.3% in March, consistent with expectations. Market participants will pay careful attention to geopolitical developments in the Middle East. The AUD/USD pair maintains a favorable position near 0.7180 in the Asian trading session on Thursday. The Australian … Read more