The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin. The weekly price is breaking Ichimoku cloud to below for the primary bearish reversal to 0.7165 and 0.7086 possible bearish targets. more...
The Australian dollar was on the back foot, partly due to the “risk off” sentiment. Is the battle for 0.80 over? The rate decision is the big event for the week, but certainly not the only one. Here are the highlights of the week. AIG Manufacturing Index: Sunday, 22:30.MI Inflation Gauge: Monday, 00:00. A similar figure is likely.HIA New Home Sales: Tuesday, 00:00. The Housing Industry Association has reported two months of drops ...
The Australian dollar stabilized on high ground, consolidating previous gains. What’s next? Australian capital expenditure and Chinese data stand out in a busier week. Building Approvals: Wednesday, 1:30. A rise of 10.9% in June will probably be followed by a drop now.Construction Work Done: Wednesday, 1:30. We will now receive the data for Q2.HIA New Home Sales: Thursday, 1:00. A rise could be seen now.Chinese official Manufacturing ...
The Australian dollar struggled with the highs but did not give up on these levels, despite RBA pressure. Where next? The upcoming week features speeches from central bankers as well as important surveys. AIG Construction Index: Sunday, 23:30. This 200-strong survey by the Australian Industry Group has been on the high ground in the past two months, above 56, reflecting robust growth in the sector.ANZ Job Advertisements: Monday, 1:30. ...
The US dollar eventually emerged as a winner from a tense week. Is this the beginning of a trend? A speech by Janet Yellen, a rate decision in Canada, Australian employment data, US inflation data, and US consumer figures stand out. These are the main events on forex calendar. Janet Yellen speaks: Monday, 20:00. Fed Chair Janet Yellen will speak at the University of Michigan, taking questions from the audience.UK Inflation data: Tuesday, ...
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