Down for another day! AUD/USD fell for a second consecutive day last Friday thanks to overall risk aversion in the markets. The pair even reached an intraday low at .9378 before it closed 33 pips lower than its open price.
We didn’t see any economic news from the Land Down Under last Friday, but the easing of gold prices off its highs, overall risk aversion in the markets, and the strength of AUD/USD’s technical levels were enough to hold off the bulls for another day.
Will we see more AUD losses this week? The only reports scheduled from Australia this week are the CB leading index due on Tuesday at 11:00 pm GMT and the quarterly CPI numbers on Wednesday at 12:30 am GMT. You know what this means, right? Y’all better keep close tabs on any news that might affect the appetite for the comdolls!
Those weekend gaps sure got filled pretty quickly! AUD/USD started the week at .9369, rallied to a high of .9458, then closed at .9443. Meanwhile, AUD/JPY also closed its weekend gap after reaching a high of 93.57. What’s in store for the Aussie today?
Better than expected Chinese HSBC flash manufacturing PMI turned out to be positive for the Australian currency, as the actual reading improved from 50.1 in August to 51.2 this month. This shows that manufacturing activity had a stronger expansion this September, which hints at good prospects for Australia’s trade sector.
There are no reports due from Australia today, leaving Aussie pairs at the mercy of market sentiment. If you’re trading AUD, make sure you watch out for any updates that could affect risk appetite!
Yeouch! The Aussie got burned against the Greenback yesterday when risk aversion encouraged profit-taking for the comdoll bulls. AUD/USD closed 52 pips lower than its open price after reaching an intraday low at .9361.
We didn’t see any report from the Land Down Under yesterday, so the Aussie bulls and bears traded on risk sentiment. Unfortunately for the bulls, uncertainty clouded over the markets and encouraged selling of the high-yielding currencies.
Will the Aussie be luckier today? Only the RBA financial stability review at 1:30 am GMT is scheduled on the economic calendar. This means that you should probably pay attention to other data scheduled today that might affect the appetite for the comdolls. I hear that the U.S. is set to release its durable goods and some housing numbers today! Keep an eye on those, will ya?
Looks like somebody wasn’t invited to the party! While other major currencies were feasting on dollar weakness, the Australian dollar wasn’t able to enjoy any gains at all. AUD/USD sank under the .9400 handle and dipped to a low of .9338 while AUD/JPY tumbled closer to the 92.00 mark.
Weaker than expected medium-tier reports left the Aussie in Loserville yesterday, as the skilled vacancies release showed a mere 0.3% uptick for August, lower than the previous month’s 0.5% increase. This hints that jobs growth in Australia, which was already below expectations in August, could continue to fall short in the coming months.
There are no reports due from the Land Down Under today so make sure you keep close tabs on market sentiment to figure out where Aussie pairs could be headed. Don’t forget to watch out for today’s set of U.S. data if you’re trading AUD/USD!
The quiet trading day didn’t do the Aussie any favors as it lost for the THIRD straight day against the Greenback. AUD/USD fell by another 18 pips after hitting an intraday low at .9340. What’s up with that?!
I guess traders just weren’t feeling the love for high-yielding currencies. After all, major economies like the euro zone, the U.K., and even Japan did print out bearish reports. The Greenback was the perfect place to accommodate a risk averse environment given that the initial jobless claims came out better-than-expected.
Will the Aussie have any luck today? The economic board is empty today, so the Aussie’s price action will most likely depend on risk appetite and demand for the comdolls. Watch your newswires closely, folks!
While most of the other major currencies were out partying last Friday, the Australian dollar slumped in Loserville and extended its losing streak to the dollar and the yen. AUD/USD fell to the .9300 major psychological support while AUD/JPY tumbled to the 91.00 mark.
There were no economic reports to save the Australian dollar last Friday, leaving Aussie pairs victim to risk sentiment. Unfortunately for the higher-yielding comdoll, risk was still off at the end of the week, as traders worried about the U.S. debt ceiling and the possible government shutdown.
Earlier today, Australia released its MI inflation gauge and printed a 0.2% increase in price levels. Private sector credit data is still up for release later today and a 0.4% uptick is eyed, but a weaker than expected reading might push Aussie pairs even lower. Watch out for the release of China’s HSBC final manufacturing PMI, which is slated to hold steady at 51.2, as this could also affect the Australian dollar’s behavior.
Tomorrow could be a more exciting day for the Aussie, as Australia gears up to release its retail sales figure while the RBA will make its interest rate decision. To top it off, China is set to print the official manufacturing PMI figure for the month of August.
Wednesday has the building approvals data and trade balance on tap while Thursday and Friday are free from any major reports. Make sure you keep close tabs on risk sentiment as this could also determine where Aussie pairs will be headed this week. Good luck!
AUD/USD ended its losing streak yesterday after mixed reports from Australia and overall USD aversion pushed the pair to close 5 pips from its open price. Booyah!
Weaker-than-expected PMI from China weighed on the comdolls early in the day, but dollar aversion loomed over the markets in the later trading sessions. This helped high-yielding currencies like the Aussie gain across the board.
Let’s see if the Aussie can keep up its strength with today’s reports. A few minutes ago the Land Down Under’s retail sales figures was released. The report showed a 0.4% growth for August, which is way better than July’s 0.1% increase.
In a few hours (at 4:30 am GMT to be exact), the RBA will publish its monetary policy decision. Analysts aren’t expecting a rate cut, but many say that we could see a dovish stance given that AUD/USD is far from above its levels from when the RBA last met. Read Forex Gump’s Trading Guide if you’re planning on trading this report!
Surf’s up, mates! The Australian dollar was pretty stoked with its gains yesterday, as it caught a 100-pip wave against the Greenback. AUD/USD dipped to a low of .9289 then jumped to a high of .9436 before ending the day at .9399. Can it keep cruising higher today?
The RBA statement turned out less dovish than expected, allowing the Aussie to take full advantage of the ongoing U.S. dollar weakness. Governor Stevens announced that they are keeping rates unchanged at 2.50% and that previous rate cuts are starting to have a positive impact on their economy.
For today, Australian building approvals and trade balance are up for release. After rising by 10.8% in July, building approvals are expected to show a 0.7% decline in August. Meanwhile, the trade deficit is projected to narrow from 0.77 billion AUD to 0.45 billion AUD, reflecting an improvement in export activity. Stronger than expected data could keep the Aussie afloat throughout the day so make sure you stay tuned for these reports!
The Aussie started the day on the wrong side of the charts as weak Australian data weighed on the comdoll. Luckily, dollar aversion loomed over the markets later in the day. What happened to AUD/USD then?
The pair dropped to an intraday low of .9334 when both the building approvals and trade balance data missed expectations. Luckily for the bulls, the comdolls were able to recover in the later trading sessions when USD aversion reigned over the markets.
Australia won’t be releasing any economic data today, but that doesn’t mean that you shouldn’t keep your eyes peeled for any news that might affect risk appetite or dollar demand!
It’s Topsy-Turvy Thursdays for the Aussie! The Australian dollar suffered a bit of a selloff during the Asian session only to recover in the U.S. session. AUD/USD dipped to a low of .9339 then bounced back above the .9400 handle while AUD/JPY found support at the 91.00 area.
Data printed from Australia yesterday actually showed an improvement, as the AIG services index jumped to its highest level in six months. The reading rose from 39.0 to 47.1, reflecting a much slower pace of contraction in the industry.
Meanwhile, data from China also turned out better than expected. The non-manufacturing PMI climbed from 53.9 to 55.4, showing a faster pace of expansion in the services industry for September. This bodes well for the Australian economy, which is China’s number one trade partner.
There are no reports due from both China or Australia today so the Aussie’s behavior could be all about risk sentiment. Be careful out there!
Back-to-back, baby! The Aussie benefited from the other major economies’ weak prospects as it scored pips against the dollar, yen, and the pound.
Australia didn’t have anything for us last Friday, but the lack of reports from Australia made it easy for the comdoll bulls to take over when concerns for the other major economies hit.
Will Australian data help the Aussie this week? A few hours ago the Land Down Under printed its AIG construction index, which came in at 47.6 from last month’s 43.7 reading. We won’t be seeing any more reports today, so you might want to direct your attention to other news that might affect comdoll price action.
Is that a bit of red I see? The Australian dollar put up a good fight against the U.S. dollar and the Japanese yen yesterday, but it ended up with a few cuts and bruises. AUD/USD closed 11 pips down from its .9441 open price while AUD/JPY dipped a couple of pips below the 91.00 mark.
There were no reports released from the Land Down Under yesterday, as it appeared that the risk off environment posed a huge challenge for the Australian dollar. After all, the U.S. government is still shut down and traders are starting to worry about the repercussions to global growth.
Earlier today, Australia reported an improvement in its NAB business confidence figure. The index climbed from 4 to 12 in September, reflecting strong prospects for Australian businesses. ANZ job advertisements also showed bright prospects, as the report printed a 0.2% uptick following the previous month’s 2.0% decline.
No other reports are due from Australia today so make sure you watch out for any potential changes in sentiment if you’re trading Aussie pairs.
D’oh, that was so close! Just when we thought that the Aussie is in for a good day, risk aversion inspired a reality check. AUD/USD reached an intraday high at .9485 but it closed at .9433, just 3 pips up from its open price.
The Aussie had a good start when both the ANZ job ads and NAB business confidence reports came in better-than-expected. Unfortunately, risk aversion kicked in during the U.S. session thanks to a lack of progress over the U.S. debt ceiling deadline.
The Land Down Under isn’t scheduled to print reports today, so the weaker-than-expected Westpac consumer sentiment (-2.1% vs. 4.7%) is all that the Aussie traders will have today. Unless risk sentiment dominates price action, of course. Keep close tabs on the comdolls’ price action!
The Australian dollar moved sideways against the U.S. dollar and the Japanese yen yesterday, as AUD/USD held on to the .9450 minor psychological handle while AUD/JPY tried to stay above the 92.00 mark. Will it see a breakout today?
Even though Australia’s Westpac consumer sentiment figure came in weaker than expected at -2.1% for October, the Australian dollar put up a strong fight against its counterparts. Earlier today, the jobs report printed mixed results, with a lower than estimated 9.1K increase in hiring and a better than expected jobless rate of 5.6%.
There are no other reports due from the Land Down Under today so make sure you keep tabs on market sentiment to figure out where the Aussie could be headed.
Slowly but surely! AUD/USD might not have jumped as strongly as the yen crosses, but it didn’t fare so poorly either. The pair dropped to an intraday low at .9389 but it closed 23 pips higher than its open price. Booyah!
Australia’s mixed employment numbers weighed on the comdoll early in the day, but risk appetite as well as speculations of a debt deal in the U.S. propped up Aussie against the dollar and other low-yielding currencies.
The Land Down Under’s economic cupboard is empty today, so the Aussie’s price action will most likely take its cues from the overall risk sentiment. Keep close tabs on any news that might affect the comdolls, aight?
The Aussie might not have been the best performer of the day, but it did pull off some serious ninja moves for AUD/USD to close its FOURTH positive day. Cool beans!
We didn’t see any report from the Land Down Under last Friday, but a bit of dollar weakness and risk appetite made it possible for AUD/USD and AUD/JPY to finish the week on the green. But enough of that - let’s get to where the real action could be!
A couple of hours ago China printed its inflation numbers, which revealed that consumer prices rose by 3.1% (vs. last month’s 2.6%) for the month of September. Australia also printed its home loans data, which showed a 3.9% decline against last month’s 2.1% increase. Judging by how AUD/USD is still trading slightly higher, it seems that investors are shrugging off the Land Down Under’s data in favor of China’s strong one.
No other report is scheduled for release today so you might want to start preparing for the RBA’s monetary policy meeting minutes due tomorrow at 12:30 am GMT. Watch for any remarks on the Aussie’s strength!
It was all about the Aussie on Monday’s session as AUD/USD found buyers not too long after the week open gap lower to push the pair higher. The pair’s gain briefly maxed out at around 90 pips on the day after breaking above Friday’s highs, where it eventually pulled back to close the day around .9485.
No data on Monday from Australia, but only a couple of hours ago, we got the RBA meeting minutes from October. As expected, the RBA doesn’t rule out a rate cut in the future, but there is no urgency to cut at this time. This should continue to provide short-term bullishness to the Aussie.
For today, we have a minor data report in the form of the MI Leading Index, we previously read at 0.6%. This may provide little volatility with the RBA meeting minutes dictating today’s Aussie sentiment, but it’s always good to be aware of everything
Slow and steady does it! AUD/USD struggled to stay above the .9500 major psychological level in yesterday’s trading while AUD/JPY bounced around the 94.00 mark. What’s in store for the Australian dollar today?
The RBA released the minutes of their latest monetary policy meeting, which revealed that the central bank was not looking to cut interest rates anytime soon but that they are ready to ease further if necessary. For most traders, this was relatively hawkish compared to their previous stance, as the RBA seemed to let go of its easing bias.
There are no reports due from Australia for the rest of the day so Aussie trading might depend on risk sentiment. Take note that the U.S. government is still in shutdown mode while the prospect of a debt default looms, both of which aren’t good for risk appetite. Be careful out there!
Surf’s up, dudes! The Aussie clobbered its major counterparts yesterday on a jump in risk appetite. AUD/USD, AUD/JPY, and even GBP/AUD all closed in favor of the Aussie. Up top, Aussie bulls!
We didn’t see any report from Australia yesterday, so the Aussie’s gains most likely came from the overall spike in risk appetite.
Will the Aussie go for two today? The quarterly NAB business confidence report released a few coffee cups ago certainly wouldn’t hurt the Aussie’s rally. The data came in at 3, which is a lot better than last month’s -1 reading. We won’t see any other reports though, so pay attention to any news that might affect risk sentiment for the rest of the day!
Surf’s up, mate! The Australian dollar caught a huge wave of risk appetite in yesterday’s trading, as AUD/USD cruised past the .9600 handle while AUD/JPY climbed back above 94.00. What’s the wave forecast for today?
Australia reported an improvement in its NAB business confidence for the third quarter of the year, as the reading climbed from -1 to 3. This means that businessmen have turned optimistic about their economic outlook, as they expect business conditions to keep improving.
Another factor that boosted Aussie pairs up the charts yesterday was the news that the U.S. government shutdown is finally over, thanks to the recent plan to extend the debt ceiling deadline. AUD/USD got an extra push higher when Chinese credit rating agency Dagong announced a downgrade on U.S. debt.
There are no reports lined up from Australia today but don’t forget that China, its number one trading buddy, is set to print its GDP, industrial production, and retail sales data. The growth figure is expected to show an improvement from 7.5% to 7.8% while industrial production could see a slight decline. Stronger than expected reports would spell good prospects for Australia’s exports, which might help the Aussie extend its winning streak. Watch out for those reports around 3:00 am GMT!
