AUD/USD struggles ahead of RBA interest rate decision

The expectation for this rate decision is that the RBA will cut rates to a record low at 0.10%. This is weighing heavily on the Aussie as we see it fall closer to 0.7 a major support level for the pair. Although it did breach the this support, falling to 0.6996 it was only for […]

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 […]

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 […]

AUD struggles after jobs data

Aussie jobs data came in better than expected with Australian employment increasing by +111K new jobs unemployment at +6.8%, lower the the +7.7% expected. The AUD reacted positively rallying 30 pips as speculation of further rate cuts have been quashed. But the rally was short lived as it retraced and loosing all its gains to […]

FED no surprises. Next Aussie jobs

The US Federal Reserve gave no surprises in its monetary policy meeting. Powell statement mentioned unemployment is likely to be at 7.6% at years end as opposed to 9.3% as previously forecast. GDP will contract form 6.5% to 2.8% and monetary policy will remain as they are for now but hinted they will adjust if […]

AUD rallies ahead of the RBA minutes

Soon the Reserve Bank of Australia will release minutes of the latest monetary policy. with mixed reading coming from the RBA of late, traders are keen to see what comes from he minutes for a more mid term outlook. We have seen an improvement in retail sales from -1.1% to 0.0%YoY and our relationship with […]

Tesla crashes. Aussie/China tension.

Not one to deter from the topic at hand, however today I can’t continue without first talking about Tesla. Seeing its biggest intraday drop since it went public, dropping a solid 21.06% bringing the total loss to 34% for September. This is a head on collision for the electric car and battery manufacturer. Just so […]

Buyers and Sellers

There has been some interesting movements with some of the majors in recent weeks as well as gold, silver and now oil. The dollar has gone from zero to hero even after worse than expected job figures. Many clients are confused and asking “what do we make of this?” Well the answer is, let’s play […]

Movers and Shakers. Markets Today

If you expected a quiet week, sorry to disappoint. We are seeing bounces in the Aussie, JPY, Gold and Silver. Not one to remain in second place, silver has enjoyed some nice gains intraday reaching $28.00.   First starting with the AUD/USD. The dovish meeting minutes from The Reserve Bank of Australia’s has the Aussie […]