AUD: the MAs pincers
The Australian dollar's price performance against the USD and JPY offers an interesting chart formation. Where does it go?
Tag - aud - australian dollar
April 22: Brent slumped, AUD up, USD strong
Brent followed the case of WTI, although not into the negative zone (yet); the AUD and the NZD are marching upwards across the board, the USD stays relatively strong.
AUD vs. NZD: checking the strengths
Goldman Sachs sees the AUD/NZD pair as a buy. Why?
April 20: strong dollar, WTI at 21-year low!
USD rules the market this Monday, with AUD and NZD getting their gains as well, gold plunging, and WTI dropping to 21-year lows at $14.80!
Greatest fall in history of China’s GDP
China’s gross domestic product shrank by 6.8%.
April 17: pacified moods in Forex market
Currencies don't show any big activity on the US President's announcements, WTI gets lower than $19, gold at $1,700.
Will the labor market support the AUD?
Australian jobs data will be announced on Thursday at 04:30 MT time.
April 14: weak USD, confident GBP, sad WTI, happy Gold
This Tuesday gives an interesting Forex market layout with a weak USD, strong GBP, disappointed oil, and skyrocketing gold price.
April 10: oil is very disappointed!
OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.
April 9: oil day
Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.
April 8: USD moderately up
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
AUD: lifting weights
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
