The Australian Employment numbers will hit the markets in the early hours of Thursday January 23 at 12.30am GMT. The...
AUDUSD
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.
Asian equities markets traded higher today despite news of the coronavirus spreading. The Hang Seng Index recouped its losses from...
Risk aversion dominated market sentiment today. The Nikkei 225 closed lower by 218.9 points or 0.91% at 23,864.6. Meanwhile, the...
BOJ Rate Decision Tomorrow The Nikkei 225 closed 42.3 points or 0.18% higher at 24,083.5 ahead of the BOJ meeting...
China GDP Lowest Since 1990 The highly anticipated roster of economic reports from China provided little surprise to market participants...
Asian equities markets are mixed in today’s trading. The Nikkei 225 finished in the green at 24,025.2, up 164.6 points...
It’s been a thrilling Asian trading session for AUDUSD so far. Initially, the currency pair dropped from its session highs...
The Hang Seng Index is trading into bullish territory today as risk appetite dictates market sentiment. Hong Kong’s stock index...
Nikkei 225, Hang Seng Index, Shanghai Composite Benefit from Risk Appetite Asian equities markets finished on a strong note this...
Risk Aversion Dominates Market Sentiment, Sparked by Iran’s Attack After finishing yesterday’s trading in the green, Asian equities markets saw...