Asia Session-The day ahead

asia-session

Asia-Session Overnight Bullets -Asia: South Korea consumer confidence; Hong Kong trade -Treasury’s $57 bln 5-year sale mixed, tails to 0.397%, garners 2.38 cover -Treasury’s 2-year auction decent but mixed results, record $56 bln at 0.165% -U.S. flash Markit PMIs climb, manufacturing index at 56.7, best since Sep 2014 -Wall Street firmer on third vaccine candidate […]

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 […]

The Week Ahead

What a week it was. The markets definitely showed up to play last week but what will it have installed for us this week. Let’s start off with the Aussie dollar. After a tight week for the AUD/USD pair, trading only in an 80 pip range, how will it hold up against the dollar? With […]

RBNZ Flat lines on interest rates

After only four new cases of coronavirus, New Zealand is going into lockdown again today. Prime Minister Jacinda Ardern announced Auckland would return to stage three restrictions for three days starting Wednesday after its 100 day streak of not a single single recorded case was broken. The fear comes not in the fact there are […]

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 […]

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 […]