AUD/USD After enjoying and relying upon the key support level at .70 in the last week, the Australian dollar has since drifted lower to new six year lows near 0.69. The round number of 70 cents is significant and is likely to be on traders’ minds as the AUD/USD remains right in touch with the […]
AUD/USD Enters New Territory as ASX200 Enjoys 5000 Read More »
Consumer confidence has slumped to a 14-month low amid renewed worries about Australia’s economy. The latest ANZ-Roy Morgan consumer confidence index slipped 5.8 per cent last week after official figures showed Australia’s economy grew by a weaker-than-expected 0.2 per cent in the June quarter. The index slipped to 106.7, its lowest level since July 2014
Australian Consumer Confidence Dented by Weak Economic Data Read More »
Today I was in Sydney and interviewed by Leanne Jones on Trading Day, Sky Business channel on the Australian market. Specifically the ASX200 index, the Australian dollar (AUD/USD), and US and China’s impact on Australia. I was asked about the recent declines in the ASX200 index and AUD/USD and its current significant levels. The
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
After nearly a quarter century of economic growth, the Reserve Bank of Australia is again counting on the currency’s drop to keep a recession at bay without the need for interest-rate cuts. The Australian dollar is at US70.43¢ in midafternoon trade in New York. According to Bloomberg data, the Aussie slid as low as US69.82¢
AUD/USD’s Decline May Assist in Avoiding Recession Read More »
