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.
Positive Labor Figures from Australia AUDUSD traded higher in today’s Asian session following the better-than-expected jobs report from Australia. The currency pair was initially trading at 0.6839 and surged to 0.6877 at the wake of the data’s release. According to the Australian Bureau of Statistics, there were 28,900 jobs generated [...]
The Australian Employment numbers will hit the markets in the early hours of Thursday January 23 at 12.30am GMT. The expectations are for unemployment rate to remain at 5.2% and for the employment change to come in at +12.2K jobs. The employment change is expected to drop from the previous [...]
Asian equities markets traded higher today despite news of the coronavirus spreading. The Hang Seng Index recouped its losses from yesterday. It is trading 355.7 points or 1.27% higher at 28,341.0. The Nikkei 225 is also in the green by 166.8 points or 0.70% at 24,031.4. Meanwhile, the Shanghai Composite [...]
Risk aversion dominated market sentiment today. The Nikkei 225 closed lower by 218.9 points or 0.91% at 23,864.6. Meanwhile, the Hang Seng Index is in the red by over 750 points or 2.62% at 28,039.0. Investors are feeling jittery about the new coronavirus outbreak in China. Overnight, the World Health [...]
BOJ Rate Decision Tomorrow The Nikkei 225 closed 42.3 points or 0.18% higher at 24,083.5 ahead of the BOJ meeting scheduled tomorrow. The central bank is not expected to make any changes to its current monetary policy with interest rates at -0.10%. However, investors could be looking forward to optimism [...]
China GDP Lowest Since 1990 The highly anticipated roster of economic reports from China provided little surprise to market participants in today’s Asian session. According to the National Bureau of Statistics of China, the economy grew by 6.0% in the last quarter of 2019. This reading matched the forecast and [...]
Asian equities markets are mixed in today’s trading. The Nikkei 225 finished in the green at 24,025.2, up 164.6 points or 0.73%. On the other hand, the Hang Seng Index is down roughly 150 points or 0.52% at 28,807.8. The Shanghai Composite Index is also in the red by 8.749 [...]
It’s been a thrilling Asian trading session for AUDUSD so far. Initially, the currency pair dropped from its session highs at 0.6906 to 0.6883 on news which reiterated that China will buy up to 200 billion USD-worth of US goods in the next four years. However, the Aussie was able [...]
The Hang Seng Index is trading into bullish territory today as risk appetite dictates market sentiment. Hong Kong’s stock index is up over 275 points or 0.95% at 28,910.0. The Shanghai Composite Index is also in the green by 23.279 points or 0.75% at 3,115.57. On the other hand, Japanese [...]
Nikkei 225, Hang Seng Index, Shanghai Composite Benefit from Risk Appetite Asian equities markets finished on a strong note this week as market sentiment improved. The Nikkei 225 closed in the green by 110.7 points or 0.47% higher at 23,850.6. Meanwhile, the Hang Seng Index, is currently up by over [...]
Q1 Global Market Outlook
Published: January 2020 | Authors: Alejandro Zambrano, Martin Lam, and Ramy Abouzaid.
The year is almost over, and it is time to try to figure out what 2020 has to offer. Read our special report today to learn which markets could be offering the best opportunities according to the InvestingCube team.
