AUD/USD is trying to gain significant traction and remains in a range. A combination of various factors will revive USD demand and act as a headwind for the pair. Bets on further RBA rate...
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China official PMIs: Manufacturing 47.0 (vs. prior 48.0) & Services 41.6 (prior 46.7)
December PMI from the China National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing (CFLP). Manufacturing 7.0 before 8.0 Services 1.6 before 6.7 Composite 2.6 before 7.1 Renewed with COVID-19 epidemic...
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The USD is losing ground in Asia trade
Apart from what has already been posted there is no fresh news nor data. The USD has lost ground as the Asia morning has gotten underway. EUR/USD has not managed to poierce its Thursday...
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AUD/USD Forecast: Continues to See a lot of Volatility
The Australian dollar has rallied during early trading on Tuesday to reach the 50 Day EMA but has also given back quite a bit of the gains. Because of this, the market looks less likely...
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AUD/USD Forecast: Aussie Rallies After Cool CPI Figure
The AUD/USD currency pair rallied significantly on Wednesday as the CPI number came out much cooler than anticipated. Because of this, the idea is that the Federal Reserve can start to pivot a bit, but it’s...
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