The AUD/USD is trading into key values of support, as the pair has fallen as much as 199 pips from the standing yearly high at .7741. This decline has come mostly on the back of recent US Dollar strength, and now the market is waiting for Fed Chair Janet Yell to make her most recent statements in Chicago later today. Technically the AUD/USD is trending lower in the short term, trading well below its 10 day EMA (exponential moving average), ...
INTRODUCTION TO AUSTRALIAN DOLLAR Like Canada, Australia's economy is a service based economy, with over 68% of GDP coming from the service sector. Although agriculture and mining account for only 4.7% of Australian GDP, they account for over 65% of the country's exports. This makes the currency highly sensitive to increases or decreases in the price of commodities, especially gold, as Australia is the world's 3rd largest exporter of gold. While the country and currency ...
Australian Dollar Forecast – Australian Dollar at Risk on US Data, Trump Cabinet Appointments The Australian Dollar may face renewed selling pressure as US data boosts Fed tightening expectations and Trump cabinet appointments continue to pour in. British Pound Forecast – British Pound May Weaken on Profit-Taking, Year-End Flows The British Pound may weaken amid a lull in top-tier news flow amid profit-taking following six ...
USD/JPY Rally Vulnerable to Wait-and-See BoJ, 7 to 3 FOMC Split The FOMC's November interest rate decision may fuel the near-term rally in USD/JPY as the central bank appears to be following a similar path to 2015, but more of the same from the BoJ accompanied by another lackluster U.S. NFP report may undermine the recent advance in the exchange rate as it erodes the case for a further deviation in monetary policy. Dollar Traders: Election Speculation, Fed Decision and Risk Fears ...
US Dollar Forecast – USDollar Range to Extend Unless CPI or Fed Speakers Shift Rate Timing Conditions are extraordinarily quiet across the financial market, and the Dollar is certainly not escaping the lethargy. Japanese Yen Forecast – Yen Runs to Resistance as Stimulus Bets Continue to Price-Out The Japanese Yen has been quite the volatile currency of recent. After the Brexit referendum drove the Yen to fresh highs as risk ...
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