Financial news and actionable analysis
In this section, you will find important AUDUSD news, actionable trading ideas, and a live Australian Dollar chart (AUDUSD) to help you understand the Forex markets better.
AUDUSD is also known as Aussie between forex traders, is the ticker symbol in FX markets that represents how many US dollars you can buy with one Australian dollar. The price of the pair is affected by changes in both economies and could be affected by changes in monetary policy from the Reserve Bank of Australia and the Federal Reserve (FED). The Australian dollar was floated in 1983, and its value closely tracks commodity prices and the Australian Terms of trade. The Australian Dollar’s strong link with commodity prices is because Australia is one of the worlds biggest exporter of commodities such as liquefied natural gas, coal, iron ore, aluminum ores, wheat, and beef.
The Aussie is one of the most liquid traded forex pairs in the global markets, and its fluctuations affect many companies around the world. More than three-quarters of Australia’s exports are to Asia, and Aussie is therefore often used as a proxy bet on Asia, and in particular China. If Asian currencies (Yen, Hong Kong Dollar, Baht etc.) are under downward pressure, in general so is the AUDUSD.
The AUDUSD pair is one of the fastest moving today. On the one hand, the employment data in Australia disappointed, sending the AUD lower across the board. On the other hand, the U.S. stock market correction continues as there is no sign of success in a new round of U.S. […]
We have the Australian employment data due for release at 12.30 am UTC. The figures for reference are shown below: Australian Employment Change: – 38K (expected); 111.0K (previous) Unemployment rate (7.0%) expected; 6.8% (previous) Westpac notes that last month’s figures, which beat market expectations, were as a result of of […]
Ever since it broke above 0.7 level this summer, the AUDUSD pair did not look back anymore. It reached a high of 0.7414 before correcting close to 0.7 again. The price action reveals the importance of the round number for the pair. But it also shows a strong correlation with […]
The AUDUSD pair declined slightly as the market reacted to the decision by the Australian central bank. It is trading at 0.7180, which is lower than the intraday high of 0.7210. In its October decision, the bank decided to leave the main interest rate unchanged at 0.25%. That was in […]
The next monetary policy update from the Reserve Bank of Australia comes up on Tuesday at 03:30 GMT. The RBA is expected to keep rates on hold in a continuance of its 3-year static rate timeline, but there could be some dovishness from the accompanying rate statement. A lot of […]
The AUDUSD pair is up slightly today because of the overall weaker dollar and upbeat data from Australia. It is trading at 0.7181, which is higher than the Friday’s low of 0.7155. The US dollar is declining against most currencies as traders react to signs that Donald Trump is improving. […]
The AUDUSD pair has turned lower today as traders reflect on the relatively stronger dollar. The pair has ignored the relatively strong manufacturing PMI data from China and the strong house price index data from Australia. It is trading at 0.7115, which is lower than the day’s high of 0.7140. […]
The AUDUSD pair bounced from the 0.7 level after completing a head and shoulders pattern’s measured move. The bounce is nothing unusual for the pair considering the importance of the round number and the fact that the market participants take profit ahead of the first presidential debate in the United […]
AUDUSD was lower again today after the U.S. dollar shrugged off weak durable goods orders to find strength and the pair is now trading at 0.7020. Next week will be a big week for the dollar with consumer confidence, inflation numbers, and manufacturing PMIs; all coming before Friday’s Non Farm […]
