> AUD/USD Despite some relief in the last week which has seen the Australian dollar rally back to above 72 US cents, sellers have taken this opportunity to sell at a three week high for the A$ and provided some resistance. Not too surprisingly the Federal Reserve left rates untouched at their FOMC meeting citing …
Fed Decision Highlights How Bearish the Market is with A$ Read More »
The Reserve Bank of Australia has warned that the global outlook has increased risks to Australia’s economy and cautioned that it is too soon to know whether Chinese efforts to spur growth will be effective. The bank also reiterated its warning that any US Federal Reserve interest rate hike – as soon as this week …
RBA Minutes: Warning over Darkening Global Outlook Read More »
AUD/USD Despite some relief in the last few days which saw the Australian dollar rally to back above 70 US cents, the bears have jumped back into the market and pushed the AUD/USD to back below 70 cents again. In doing so it has formed a classic reversal candlestick pattern called a pin bar which …
AUD/USD Drops Below 0.70 Again as ASX200 Enjoys 5000 Read More »
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 »
