AUD Trading Outlook Archive

Australian Dollar (AUD) was strong after Employment change in October beat expectations at +20k vs. +15k forecast. AUD/USD broke above 1.0400 and hit stops flying to 1.0445 before easing back in the US session. Update China October CPI at 1.7% vs. 1.9% previously.

Australian Dollar (AUD). Was well supported even with the sharp drop in equities as the afterglow of the RBA decision to hold at 3.25% continued to support. Most crosses are in uptrends and Chinese soft landing hopes are improving. Update October Employment forecast at 18.7k… Read more

Australian Dollar (AUD) the RBA held at 3.25% in a shock to the market where most economists had forecasted a 0.25% rate cut. The RBA statement gave reasons for them holding including a soft landing for China and higher than forecast inflation. Looking ahead, October… Read more

Australian Dollar (AUD) the main currency in play today with the central bank of Australia (RBA) meeting and forecast to cut by 0.25%. It is a very close call though and a hold would not be a major surprise to the market. Strong US stocks… Read more

Australian Dollar (AUD) the commodity led US stock selloff hit the Aussie the hardest on Friday with the commodity linked currency reversing from week highs at 1.0400 to test 1.0330 support. The RBA meets tomorrow and is the main event risk this week for the… Read more

Australian Dollar (AUD) the sour mood flowed into the Aussie with selling steady throughout the day. Support was found in the lower 1.0300 region and range trading is forecast while we the RBA meeting next Tuesday approaches. Looking ahead, BOJ Meeting forecast to hold at… Read more

Australian Dollar (AUD) failed to break 1.0300 during the European session Friday and enjoyed a short squeeze back to 1.0380 as US stocks pared back losses. AUD/JPY capped with the USD/JPY selling pushing the cross back to Y82.50. Looking ahead, no economic data from Asia… Read more

Australian Dollar (AUD) AUD/USD was strong rallying to 1.0390 before easing later in the US session from profit taking given the large rally over the last 2 days. Traders are looking to the next RBA meeting with a strong chance of a rate cut still… Read more

Australian Dollar (AUD) the Aussie was the strongest currency in the market with Q3 inflation ‘hot’ hampering the RBA rate cutting cycle. The Q3 CPI came in at 2.0% y/y much more than the 1.6% forecast. The AUD/USD broke above 1.0300 and grinded higher after… Read more

Australian Dollar (AUD) support at 1.0300 was broken we fell down to 1.0250 in the US session with the bears in control. The RBA is expected to cut rates but this will be greatly impacted by the inflation numbers that we see for the Q3… Read more