RBA leaves rates on hold. Gold surges to 2 week high.

Nothing can stop the free-fall we are seeing in the dollar. Across all major pairs we see the dollar suffering and this is true in the gold price too. Gold bulls are running the streets of Wall St after a sluggish week saw the yellow metal fall below are critical level of $1977. Now we […]

AUD/USD Bulls eye out 0.7200

The AUD/USD is holding strong looking to break resistance at 0.7200. The US dollar is holding onto better than expected Non-Farm Payroll figures on Friday as well as escalating Sino-American tensions. The focus for the Dollar remains on fiscal stimulus talks and Gold correcting. AUD/USD technical levels For the Bulls. Consider resistance to be tested at […]

AUD/USD rally ahead of RBA rate decision

We have seen a slight recover in the pair bouncing off of it’s one week low of 0.7075 to 0.7132. However USD strengthening on the back of Monday’s ISM Manufacturing PMI figures coming in better that expected, injecting some confidence that the US economy can withstand anything the virus throw at it. Whilst positive data […]

The week ahead

Another month another week of reporting. We have a big week for the Aussie and the Pound. However starting off the week is the USD with ISM Manufacturing PMI for July. Manufacturing is a significant indicator of overall economic conditions in the US. A result above 50 is seen as bullish and this month general […]

AUD/USD runs out of gas & heading to the pits at 0.7196

The Australian dollar came up trumps against the greenback after some serious profit taking disallowed the Aussie to break past 0.72. The COVID-19 pandemic has not helped the situation and it showed in the poor import and export figures for Q2. After several days of misery the USD is making its comeback. Pushing back against […]

The Aussie remains strong as US Dollar weakness continues

AUD/USD remains in strong contention for the pair of the month maintaining levels not seen in over a year at $0.7182. This comes on the back of RBA’s Assistant Governor Christopher Kent readiness to buy bonds if markets continue to deteriorate in order to a 25% yield target. The USD continues to weaken due to […]

NZD/USD hits the wall at 0.66 after trade data release

After enjoying a 5 day rally, the pair was walking down the streets of Auckland with its chest out and feeling quite thrilled with itself after reaching a high of 0.6640 in Friday’s Asia session. However NZ’s June trade numbers brought in mixed emotions. Tradde Balance recovered from $-1.2B to $-1.2B. But then it’s monthly […]