A solid jobs report for the United States has revived the US dollar and provided crucial support for Federal Reserve chief Janet Yellen, who will appear before Congress this week to deflect criticism about the Fed’s decision to raise interest rates in December. The support for the US dollar brought on the worst session for […]
AUD/USD Back Below 0.71 on Solid U.S. Jobs Read More »
The Australian dollar has rallied on the back of a broad greenback sell-off triggered by weaker-than-expected US economic data. At 7am (AEDT), the local unit was trading at US71.80 cents, up from US70.21 cents yesterday. The currency climbed to a one-month high of 71.88 US cents earlier in the session. The US service sector expanded
AUD/USD Surges Close to 0.72 on Dovish Fed Read More »
Today I was interviewed again by Carson Scott on Trading Day, Sky Business channel on the Australian market, specifically the ASX200 index, AUD/USD, RBA and Fed plans, BOJ, Oil and the ongoing China story. Specifically I was asked about how the ASX200 index was performing and its short term outlook. We also talked about the
Live TV Appearance On Sky Business – talking ASX200 Index and AUD/USD Read More »
> AUD/USD The Australian dollar is enjoying a cautious Fed as it remains resilient above the key 70 cents level. Overnight the US Federal Reserve decided to not raise interest rates at its January meeting however the markets also saw the signs that it is unlikely to raise in March either. This along with surprising
AUD/USD Gets A Fed Reprive, Whilst ASX200 Under Pressure Read More »
