The day ahead for AUD/USD all you need to know:

AUD/USD key resistance at 0.7470. Pivot: 0.7470Our preference: short positions below 0.7470 with targets at 0.7440 & 0.7425 in extension.Alternative scenario: above 0.7470 look for further upside with 0.7490 & 0.7505 as targets.Comment: the break below 0.7470 is a negative signal that has opened a path to 0.7440.Supports and resistances:0.75050.74900.74700.7456 Last0.74400.74250.7400 Brought to you by […]

Markets today

Markets are flashing green today with currencies and gold rallying against the dollar. Bitcoin crack $12,000 and WTI is in recovery. It seems that hopes of a US stimulus package has injected some life back into the buyers. Lets take a look at the day so far. In today’s Asia session, we have seen the […]

RBA Minutes-Will cash rate hit 0?

The meeting minutes for October come and gone with with a lot of it’s attention focused on the affects of the covid-19. The Aussie had little to hold on to prior to the meeting minutes and almost nothing to hold onto except sharp knives after the minutes. The AUD/USD has broken its support falling a […]

RBA Minutes what it means for the AUD

AUD is currently trading at 0.70655. There is not much news to support the Aussie and all hopes lie on the RBA minutes as we await the speech from Christopher Kent. If the AUD/USD pair continues to trade around the daily lows, bearish moves will be more likely. Wait for confirmation at a break at […]

AUD/USD Struggles. Yuan’s deception.

Today we see the AUD/USD struggling to stay above .7200 as the bears claw their way out of hibernation. With not much data coming out and the US on a national holiday, we saw the Aussie retract. That and the growing coronavirus stimulus concern have got traders nervous. Throw China’s Trade Numbers into the mix […]

Presidential debate lights up the markets

Nothing like a good old debate to get the markets going. Today we say the a battle for power in the US presidential debate and the markets are mixed on the result. firstly we see the S&P 500 futures drop by 350 points, eliminating any gains it had made after Trump mentioned the November 3 […]

Mixed announcements bring dollar down

Higher Jobless Claims in the US overshadowed any increased hope of the Democrat in the US House of Reps $2.2 trillion coronavirus relief being voted in. The US Federal Reserve also came out with mixed messages on inflation and employment which had the markets spinning.   After a tough run this week the AUD/US has […]

Melbourne destroys the Aussie

Retail Sales Australia

The AUD/USD pair has had a 38.3% correction thanks to the strengthening dollar. Although the Aussie was met with better than expected PMI Print with Commonwealth Bank Service PMI coming in at 50 and Manufacturing at 55.5. However the retail sector was hard hit with Retail Sales coming in at -4.2%, from 3.2% in August. […]

AUD wipes away its gains

The Aussie has fallen against the greenback as gold struggled to stay above $1,900 after another dollar rally. Technically there is nothing to keep the AUD/USD safe today other than the RBA’s Debelle speech where he will talk about the Australian economy and monetary policy.   Technical View Keeping it simple, we are looking for […]

The Week Ahead

It almost seems like every week is a big week lately. This one is no different. Looking at the economic calendar below and only highlighting the high impact announcements, we see a lot of red. Chart is set at GMT + 10 West Pacific Standard time Monday Starting the week off we China, Great Britain […]