AUD May See a Much Needed Recovery Today
November 25, 2010 1:32 pm by Natalie R.Following a bearish streak versus the CAD over the past few days, the AUD seems to be in the middle of a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on AUD/CAD now.
Bullish Correction Expected for the AUD
October 29, 2010 9:41 am by Natalie R.Following a sharp decline over the past few days, the AUD seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on AUD/NZD now, and at a great entry ...
Which Way the Aussie?
July 5, 2010 6:42 pm by Natalie R.The Australian Dollar has been enjoying exceptional growth beginning from the early global recovery days, boosted by strong fundamentals which were supported by strong exports to China and as well as six interest rate hikes since October 2009.
Greece Woes Continue to Weigh on AUD
February 25, 2010 2:37 pm by Natalie R.Australian business investment advanced 5.5% from the previous quarter, beating investors’ expectations of a 1.5% increase. The growth is another sign the economy continues to strengthen, intensifying investors’ expectations that the central bank will raise interest rates next week for ...
AUD Rises on Decline in Unemployment
February 11, 2010 10:06 pm by Natalie R.The Australian Dollar gained versus all 16 of its most traded currency counterparts today after the release of the employment data which showed the number of people employed increased by 52,700 last month, the biggest advance since December 2006. The ...
AUD Falls on Policy Comments
December 16, 2009 10:45 pm by Natalie R.The Australian Dollar fell the most in six weeks, going below 90.00 cents against the USD, after the Reserve Bank of Australia's (RBA) Deputy Governor stated that Australia’s monetary policy is “now back in the normal range,” reducing expectations for ...
Disappointing RBA Meeting Minutes Pressure AUD
November 17, 2009 10:53 pm by Natalie R.The Australian Dollar weakened from close to its strongest level since August 2008 after the release of less hawkish than anticipated minutes from the central bank’s most recent meeting. The release cast doubts regarding a third straight increase in the ...
Australian Dollar Reaches New Highs
October 14, 2009 5:31 pm by Natalie R.The Australian Dollar climbed to its highest level since August 2008 after a report showed China’s exports fell at the slowest pace in nine months in September. China is Australia’s largest trading partner. The Aussie strengthened against 15 of its ...
Australia’s Unemployment Rate Unexpectedly Falls
October 8, 2009 3:50 pm by Natalie R.Australia’s jobless rate fell for the first time in 5 months as employment unexpectedly surged, spurring bets the Central Bank will raise interest rates again next month, to 3.5%.
AUD Weighed Down by Dropping Equities
October 7, 2009 8:15 pm by Natalie R.The Australian Dollar lost some ground today after reaching a 14 month high as stocks slipped as 3rd quarter earnings reports began to be published today. AT&T’s 1.6% drop weighed down on equities and riskier assets such as the AUD ...
