Australian Economy

The EUR/USD Pair Declined on Thursday. What about GBP?

EUR, USD, JPY, GBP, AUD, NZD, CNY Forecast for Thursday

The EUR/USD continued its downtrend in the Asian session on Thursday morning. The pair traded near the multi-month low, around 1.1795, for a while. However, currently, it stands at 1.1790, higher by 0.01% for the day. The U.S. Dollar Index remained steady at a 13-week high against six major rivals on Thursday, despite the Federal …

EUR, USD, JPY, GBP, AUD, NZD, CNY Forecast for Thursday Read More »

U.S. Dollar Continued a Rally Against the Euro on Wednesday

EUR/USD, GBP/USD, and AUD/USD Forecasts for Tuesday

The Euro soared on Tuesday, leaving Monday’s pessimism behind. Traders are now focusing on the 1.1900 area. The EUR/USD pair navigates in the area of 4-day highs, remaining just shy of 1.1900. The selling bias around the greenback lessened on Tuesday. At the same time, risk sentiment improved. Friday’s Nonfarm Payrolls (850K) reports were positive, …

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USD, EUR, GBP, AUD, and NZD’s trading forecast for Monday

The EUR/USD pair traded lower this week as predicted. It hit the next target of 1.1820/10 on Monday. Furthermore, the pair bottomed at that range before NFP boosted it, enabling recovery to the first resistance level at 1.1870/80. Meanwhile, the USD/CAD pair soared higher as predicted last week, especially after the bullish cup and handle …

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U.S. Dollar Continued a Rally Against the Euro on Wednesday

USD, EUR, GBP, AUD, and NZD’s moves Wednesday – Market Warp

Traders continued buying safe-haven dollars on Wednesday. As a result, the EUR/USD pair struggled. After soaring from the multi-month low near 1.1891 in the previous week, the common currency declined again while the dollar rallied. However, the pair managed to gain 0.05% today. It traded at 1.1902 at last. Meanwhile, the U.S. Dollar Index remained …

USD, EUR, GBP, AUD, and NZD’s moves Wednesday – Market Warp Read More »

The EUR/USD Pair Lowered on Monday. What about GBP/USD?

USD, EUR, GBP, JPY, AUD, CAD, and KWD – Technical Analysis

The Euro declined by 0.1% to $1.1923 on Monday, as it struggled to rebound to the $1.20 level. The EUR/USD pair mostly rallied during the last week. However, it seems, the common currency has run out of momentum late in the week. During a meeting on June 16th, the Federal Reserve’s officials made hawkish forecasts, …

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pound, yuan, dollar, euro

Dollar Steadied on Tuesday While Aussie and Kiwi Lowered

The U.S. dollar was steady on Tuesday while investors were waiting for Federal Reserve Chair Jerome Powell’s comments about the agency’s further guidance. The Fed surprised the markets when it suddenly announced that it’s considering tempering the ultra-easy policy after reiterating many times that it wasn’t a plan. The dollar has skyrocketed since the Fed last week …

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Dollar declined on Monday along with Sterling and Aussie 

Dollar Declined on Monday Along with Sterling and Aussie 

The U.S. dollar index tumbled down on Monday after it skyrocketed due to the Federal Reserve’s sooner-than-expected hawkish tilt at the end of the last week. The Australian dollar was another big loser today. It plunged after the prices fell on iron ore, which is the country’s top export. Against six major currencies, the dollar …

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Australia economy and financial market growth concept

S&P Reforms View on Australia’s AAA Amidst Economic Recovery

On Monday, June 7, S&P Global Ratings reformed its view on Australia’s AAA rating from negative to stable. It cites the nation’s rapid economic recovery from the coronavirus pandemic, which directed a recession. The country’s A$2 trillion ($1.55 trillion) economy greatly bounced back, surpassing the pre-pandemic levels. This is due to Australia’s successful leadership in …

S&P Reforms View on Australia’s AAA Amidst Economic Recovery Read More »

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