Elliott Wave Forecast: AUD/USD – Stand aside
Despite yesterday's rebound to 0.9564, aussie needs to penetrate indicated resistance at 0.9575 to signal a temporary low is possibly formed at 0.9325 earlier this week and bring retracement of recent decline to 0.9620-30, then towards resistance
How Far Could AUD Fall?
The Australian dollar has historically had a very close relationship with global commodity prices. Recently however, a combination of attractive yields in Australia and governments around the world flooding the market with liquidity and cheap cre
AUD/USD: Australia's Westpac Consumer Confidence Index Rebou
For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 0.9455.LME Copper prices declined 1.2% or $84.0/MT to $7036.0/MT. Aluminium prices declined 1.9% or $35.5/MT to $1848.5/MT.
Price & Time: How Important is This Turn in the Australian D
The 43 to 50 day “Gann Death cycle” is in effect over the next few days in AUD/USD and NZD/USD. As we have noted in recent Price & Times this frequency often leads to corrections or full on changes in trend when the trend leading into them is esp
Long AUD, Short USD: Profit From Fundamentals
Each of these factors denotes a stronger dollar in that they all indicate that foreign spending will be less. The Australian economy experienced an increase in unemployment over this same time period. With these counteracting economic forces, the AUD ...
EURAUD tops at 2011 highs and retraces to 38.2% Fib of...
A Forex trading technical analysis video showing EURAUD selling off today after yesterday touch of the 2011 highs around the 1.4250 mark. We are now approcahing the 38.2% Fibonacci retracement of the most recent impulsive move to the upside (from
New Zealand Rate and Australian Unemployment
Wednesday evening at 5:00pm EST (New York Time) the Reserve Bank of New Zealand is scheduled to release their interest rate statement.
Bonds: Shaken... but not stirred?
This morning's UK data has also helped to underpin the UK's position of relative economic outperformance, and despite some recent strength against the AUD we continue to see a broader and more prolonged period of GBP outperformance ahead. We have been ...
Yen Weakens Amid Outlook for Further Stimulus
The yen fell at least 0.2 percent against all of its 16 major counterparts as traders speculated the biggest gain in three years yesterday was too rapid given expectations for further stimulus from the Bank of Japan.
ForexLive Asia Wrap: Australian dollar bid on the back of better consumer ...
AUD/USD, too, was bid during the morning session. It rallied more strongly in the wake of the better Westpac/MI Consumer Sentiment figure, tripping stops above 0.9480/85. There were sellers around again, though, which held the top below 0.9500 and it ...
Live: Downbeat ASX slips
The slide today follows the gold miner telling the ASX today that it issued its profit warning five days ago as soon as the board had approved its 2014 budget, defending the timing in response to a query from Australia's stock exchange operator ...
Economic Pulse: Why is the Australian dollar falling and will it stay down?
And US consumer confidence rose in May, for the second consecutive month. It's now at a five-year high. The other country propping up our currency has been China, our major trading partner. However, China in recent months appears to be slowing down, ...


