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AUDUSD

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Forex News – Aussie touches a fresh 2-year high after full-time jobs make a strong comeback

Posted on July 20, 2017 at 1:23 pm GMT

In the middle of the Asian trading, the release of the Australian labour data drove the aussie to a fresh two-year high after the figures highlighted a stronger labour market. This, in turn, opened the way for a potential rate hike sooner than projected. On early Thursday, the Australian Bureau of Statistics released employment data for the month of June. According to the numbers, the unemployment rate was in line with expectations, holding steady at May’s reading of 5.6% (year-on-year), [..]

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Forex Market Review (Asian Session) – Yen weakens following BoJ meeting; aussie gains on healthy job market

Posted on July 20, 2017 at 7:53 am GMT

Forex markets experienced more volatility today as it was busier one compared to others this week. The yen weakened against the dollar following the release of the Bank of Japan monetary policy report. The aussie had an initial boost against the greenback after employment data had been released, however it fell soon after. The euro was slightly up ahead of the European Central Bank meeting later in the day. The BoJ kept monetary policy steady, a report showed today. While [..]

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Forex Market Review (Asian Session) – Markets calm ahead of ECB, BoJ meetings; oil pressured on US inventories

Posted on July 19, 2017 at 7:45 am GMT

It has been a quiet overnight session ahead of what could be a stormy Thursday with the European Central Bank and the Bank of Japan holding their policy meetings. Most majors traded in a narrow range, while oil prices recorded the biggest move of the day. The Australian and New Zealand dollars continued gaining against their US counterpart during the Asian session. Aussie/dollar was up to last trade at 0.7932, supported by comments perceived to be hawkish from the Reserve Bank of Australia’s policy [..]

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Technical Analysis- AUDUSD overbought above 0.7900 key-level; correction to the downside expected

Posted on July 18, 2017 at 1:33 pm GMT

AUDUSD has shot higher, breaking the 0.7900 key level and recording a fresh two-year high. However, the odds of a trend reversal are increasing in the short-term, as the pair is currently in under overbought conditions. On a four-hour chart, the bias is bullish, as the Tenkan-Sen and the Kinjun-sen are positively sloping after the former crossed above the latter on July 10. Meanwhile, the MACD has turned from negative to positive and managed to rise above its signal line. Nevertheless, the [..]

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Forex Market Review (Asian Session) – Dollar pressured against all majors; RBA minutes push aussie to 2-year high

Posted on July 18, 2017 at 7:37 am GMT

As the Asian trading session was about to close, the US dollar was trending downward against most currencies on overnight news that the repeal of Obamacare is getting another push-back. The aussie rose following the release of the Reserve Bank of Australia’s minutes and the kiwi had a short tumble on the disappointing inflation figures. The greenback tumbled against most currencies overnight on news that two more Republican Senators would oppose the healthcare reform bill unveiled by their party last [..]

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Forex News- Aussie stands tall after Chinese GDP growth surpasses expectations

Posted on July 17, 2017 at 12:36 pm GMT

China, the world’s second largest economy and a driver of the emerging markets, has overperformed in terms of growth in the second quarter of the year, providing relief to policymakers who are currently engaged in efforts to limit financial risks from soaring debt levels and a brewing property bubble. Following the statistics, the Australian dollar bounced higher, reaching a more than one-year high. According to the National Bureau of Statistics of China, the Chinese economy grew at 6.9% year-on-year in [..]

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