AUD/USD Bullish or Bearish: In the world of forex trading, the AUD/USD pair has recently displayed intriguing price action, hinting at a potential bullish reversal. As traders eye crucial economic
Explore the dynamics of the Australian Dollar in our comprehensive article, delving into factors shaping its performance and impact on global markets.
Australia Q4 GDP Expansion Falls Short of Expectations, Weighing on AUD and ASX 200: The Australian economy expanded by a modest 0.2% in the fourth quarter (Q4) of 2023, falling
The Reserve Bank of Australia (RBA) recently held its highly anticipated monetary policy decision press conference, spearheaded by RBA Governor Michele Bullock. The discussions centered on crucial aspects of the
The AUD/USD Struggles as economic factors and a robust Greenback create headwinds. The AUD/USD pair experienced a decline influenced by stronger US Treasury yields, reduced speculation on US Federal Reserve
In a surprising turn of events, the dollar ebbed on Monday, prompting investors to reconsider their expectations of early rate cuts by the Federal Reserve. This shift in market dynamics
In October, Australian inflation gauge in a monthly rate interrupted two consecutive months of acceleration. Strengthening the case for the Reserve Bank to maintain its current interest rate pause in
In October, Australian retail sales contracted unexpectedly, influenced by lingering inflationary pressures and the impact of elevated interest rates. Concurrently, consumers deferred substantial purchases in anticipation of the imminent Black
The AUD/USD decline of 0.01% On Tuesday. Following a 0.65% increase on Monday, the Australian dollar concluded the day at $0.65555. The currency reached a peak of $0.65895 before receding
Reserve Bank of Australia Governor Michele Bullock speech has issued a warning. Expressing concern that the current trajectory of wage growth is unsustainable. That unless there is a simultaneous improvement
The Australian employment data for October, revealed today, surpassed expectations by adding +55k jobs, surpassing the predicted 22.8k. However, the unemployment rate slightly rose to 3.7%, aligning with expectations. Despite
The AUD/USD pair embarked on a transient bullish trajectory against the U.S. dollar early in the month. Rebounding from a horizontal support level situated at approximately 0.6300 and effecting an
The Reserve Bank of Australia deliberated During its convened session today to effectuate a 25-basis-point increase in the cash rate target. Resulting in a new rate of 4.35 percent. In