Regional equity had a narrow and mixed session Friday with Middle Eastern tensions back to the fore. Pro-risk currencies struggled much more obviously.
The Australian Dollar will struggle with low interest rates for a long time to come, but rising iron ore prices will counter at least some of their effects.
The Australian Dollar market has already seen one rate cut, and its betting on at least one more. It may get that one, but the bar to deeper reductions could be higher than investors think.
Most Asia Pacific mainboards were hit again after another Wall Street slide. South Korea s Kospi managed to buck the trend, though, with tech stocks bought.
AUDUSD Soars on Shock Election, Apple Shares Slump, Risk of S&P 500 Drop - US Market Open
The London-based global banking giant seems to have had success with cost cutting and growing its key Asian businesses. Market closures may have blunted the results effects
The Australian Dollar was hit by news that domestic building approvals slumped last month. The chance of lower Australian interest rates last week remains very much in play.
EURUSD at Risk of Breakout, AUDUSD Drops as Soft CPI Fuels RBA Rate Cut Bets - US Market Open
Asia Pacific stock markets broadly failed to hang on to their gains despite Wall Streets punchy Tuesday. Weak Australian inflation boosted the ASX but hit AUD hard
USD Back on the Throne, EUR Drops, GBP Bounces Off Support - US Market Open
The S&P 500 closed lower as health-care stocks dragged and triggered risk aversion after key resistance held. NZD/USD may reverse as the Australian Dollar rises on a jobs report.
AUDUSD overnight implied volatility soars to a multi-month high following the latest monetary policy minutes from the RBA which labeled future weakness in Australia's labor as a potential trigger to cut interest rates.
The Australian Dollar faded on the release of minutes showing the RBA apparently in agreement with futures markets on a rate cut being more likely than a rise now
The Canadian Dollar fell as BoC business outlook resulted negative, fueling interest rate cut expectations as USD/CAD support held. Ahead, AUD/USD may fall to support on RBA minutes.
Aussie is top performer against the US Dollar this week with the price breakout now at testing resistance targets. Here are the levels that matter on the AUD/USD charts.
The S&P 500‘s uptrend carried on as markets focused on upbeat US ISM Manufacturing PMI data. Ahead, the risks for AUD/USD are tilted to the upside on April’s RBA rate decision.
GBP/USD fell more after it emerged that a third vote on Theresa Mays Brexit deal could be blocked. Risks for AUD/USD may be tilted to the upside on RBA minutes as Japanese Yen weakens.
The Australian Dollar has already been hit this week by signs of fading business confidence, now consumers have joined the corporate sector in the doldrums.
GBP/USD‘s best gain in almost two years, as UK’s Parliament rejected a ‘no-deal’ Brexit, lacks upside momentum. AUD/USD may be torn between soft Chinese data,
After being battered by the ECB, EUR/USD will be watching todays release of German industrial production and US retail sales data.