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 […]

Move out of the way! Here comes the dollar

After weeks of negative results, like bears to honey you saw them flurry. But you can’t keep a strong bull down. After positive NFP results we have seen the dollar strengthening against its major counterparts. But why the continued trend? A stall in the next fiscal package meaning lower US fiscal spending bring in a […]

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 […]

No slowing down for Gold

I know it may seem like gold is all I am talking about at the moment but that’s because it is. I mean with gold hitting record highs after record highs what else is there to talk about. The Bulls are definitely popping open the Champaign as they celebrate a new all time high of […]

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 […]

Dollar weakness pushes EUR/USD higher

As the greenback continues to discourage traders due to the US delivers weak data and the uncertainty surrounding its stimulus give little to no confidence in the Super Power. This toppled with the growing coronavirus infections and poor handling of the outbreaks. However the opposite is true with Europe seeming to have the outbreak under […]

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 […]