AUD/USD

Fed Decision Highlights How Bearish the Market is with A$

> AUD/USD Despite some relief in the last week which has seen the Australian dollar rally back to above 72 US cents, sellers have taken this opportunity to sell at a three week high for the A$ and provided some resistance. Not too surprisingly the Federal Reserve left rates untouched at their FOMC meeting citing …

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Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 8:30am SGT, live from their Raffles Place studio.  My questions and my responses in the form of brief notes are below: Q1. Will Malcolm Turnbull be good for the country in overhauling Australia’s economy? The markets are certainly indicating so. The news is less than …

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AUD/USD Drops Below 0.70 Again as ASX200 Enjoys 5000

AUD/USD Despite some relief in the last few days which saw the Australian dollar rally to back above 70 US cents, the bears have jumped back into the market and pushed the AUD/USD to back below 70 cents again. In doing so it has formed a classic reversal candlestick pattern called a pin bar which …

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AUD/USD Enters New Territory as ASX200 Enjoys 5000

AUD/USD After enjoying and relying upon the key support level at .70 in the last week, the Australian dollar has since drifted lower to new six year lows near 0.69. The round number of 70 cents is significant and is likely to be on traders’ minds as the AUD/USD remains right in touch with the …

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