It’s hard to be convinced in this market because there are so many titles everywhere. Yen and oil are two examples of this today, and it doesn’t help that risk sentiment is positive one...
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AUD/USD Forecast: Continues to Trade Between Major Moving Averages
I suspect the volume is anemic at best. Be careful with all your positions because a sudden announcement can send the market into a frenzy and cause a lot of damage that you shouldn’t...
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AUD/USD ATTEMPTING TO BOTTOM AT 0.6390 AFTER A TWO-DAY REVERSAL FROM 0.6500
The Aussie is trying to bounce back from 0.6390 after retreating from a high of 0.6520. Cautious market sentiment weighed on the Australian dollar. AUD/USD could extend losses to 2020 low of 0.5506. AUD...
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RBA raises cash rate by 50 bps to 1.85%, as expected
Prior 1.35% Inflation is expected to peak later this year, then decline back towards 2-3% range Central forecast is for inflation to be around 7.75% over 2022, a little over 4% over 2023 Australian economy...
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AUD/USD Forecast: Australian Dollar Continues to Fight
The AUD/USD currency pair initially pulled back a bit Monday, but then turned around to show plenty of strength. The market then started to reach the 50-day EMA, which is a large indicator that a lot of...
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3 Minutes
Dollar keeps steady in the new week
The dollar was weaker initially at the start of last week but found a footing with a bit more of a push and pull feel as markets are able to now fully switch their...
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AUDUSD tests a cluster of resistance and backs off
The AUDUSD tested a cluster of resistance on the daily chart between 0.6966 to 0.69935 area today. The area represents a swing area (see yellow area and red numbered circles). Also in the area...
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