Australian Trade Deficit Narrows, Adds to Signs of Economic Recovery
March 4, 2010 6:01 pm by Natalie R.Australia’s trade deficit narrowed in January to A$1.18 billion ($1.07 billion) from a revised A$2.17 billion in December. The better than expected result was due to the growth in exports, particularly of iron ore to China. As China’s economic growth ...
AUD/USD Double-Top Formed; Severe Downturn on the Way?
February 12, 2010 9:42 am by Greg HoldenThe AUD/USD's long-lasting bullish channel was finally breached a few weeks back and what we see happening now may be described as the formation of a "double-top," or "M," formation on the weekly chart, but on a somewhat minor scale.
EUR/AUD Sees Major Gains Following RBA Announcement
February 3, 2010 10:11 am by Dan EduardThe EUR/AUD currency pair spiked in early morning trading Tuesday, largely due to the announcement by the Reserve Bank of Australia (RBA) that Australian interest rates would remain at 3.75%. Investors had predicted that the RBA would raise rates to ...
EUR/AUD Freefalls – Did You Take Advantage?
September 30, 2009 5:53 pm by Yan PettersStarting at 17/12/2008 the EUR/AUD pair began freefalling. With time, the bearish trend sharpened and sharpened, dropping the pair from the 2.1000 level to 1.6600, its current price. As the downtrend looks to be elongated, traders can consider using this ...
AUD and JPY Performance Review
August 18, 2009 11:25 pm by Natalie R.The Australian Dollar rose from near its lowest level in more than two weeks versus the Yen following a rebound in risk appetite as stock markets rallied. Assisting the AUD further were speculations that the currency’s sell-off the past two ...
