- Tuesday, 03 February 2015
- News
Aussie sharply dowm0n after RBA surprising rate cut
- Friday, 16 January 2015
- News
Aussie slightly higher in tighter-range Friday's session
- Friday, 26 December 2014
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast - 29 December - 02 January
Events that marked the week:
There were no major data releases from Australia whole week. Aussie was mostly affected by iron ore and gold prices. This is usually period of year when gold and silver prices are in an uptrend due to Christmas jewelry shopping. On the other hand, iron ore prices are still in decline, with weaker demand coming from China. RBA governor Glenn Stevens stated recently that Australian dollar should fall, or at least that it would be desirable if it fell, to around 75 US cents, so this is adding additional pressure on Aussie.
Read more...- Wednesday, 24 December 2014
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 26 December
Yesterday morning CB Leading Index figures for Australia were released showing third consecutive month of decline, this month by 0.2%. Building approvals and the sales to inventories ratio made the largest negative contributions this month. Between April and October 2014, the leading economic index declined 1.0%, a reversal from its increase of 1.4% over the previous six months. Additionally, the weaknesses among the leading indicators have become more widespread than the strengths in the recent months.
Read more...- Popular
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