FUNDAMENTAL ANALYSIS Jason Chen AUD/USD Off the back of an intense trading day on Friday, the Australian Dollar managed to end the week higher against the US Dollar, rising by 0.89% to finish at $0.6468 despite falling for four straight days over the first four trading days of the week. Earlier this week, both the … Read more
FUNDAMENTAL ANALYSIS Jason Chen AUD/USD Fuelled by 2 strong trading days in the middle of the week, the Australian Dollar continued its trend in the previous week and rose slightly against the greenback, by 1.61% to 64 US cents. The Aussie Dollar extended its recovery against the US Dollar this week, after a decline in … Read more
FUNDAMENTAL ANALYSIS Jason Cheung AUD/USD The Australian dollar against the greenback has increased over the past week by 0.45% ahead of the RBA’s decision to increase interest rates by 0.25%. Most analysts are expecting that the RBA will continue rate hikes of 0.25-0.50% in the coming months to tame the stubbornly high inflation figures. Data … Read more
FUNDAMENTAL ANALYSIS Jason Chen AUD/USD The Australian Dollar made 3 consecutive days of small gains over the last 3 trading days of the week but could not recover the losses made on Monday and Tuesday to further slip against the US Dollar, falling by 2.74% to 0.6194. Inflation figures in the US were released on … Read more
FUNDAMENTAL ANALYSIS Jason Cheung AUD/USD Over the past week, the Australian dollar continues to decline by 0.63% as it experiences an unfavorable disparity in rates. The Fed’s decision to raise interest rates by 75 basis points compared to the RBA’s rate hike of 25 basis points has strengthened the US dollar, increasing the volume of … Read more
FUNDAMENTAL ANALYSIS Jason Chen AUD/USD The Australian Dollar closed lower at 0.65260 against the greenback, a fall of 2.89% over the close of the previous week. On Wednesday, the Federal Reserve announced a 75 basis point increase to the Federal Funds Rate, bringing the target range to 3-3.25%. The fifth rate hike this year also … Read more
FUNDAMENTAL ANALYSIS Andrew Sun AUD/USD The Australian Dollar shed 1.86% over the past week to trade at 0.6723 on the back of US inflation data and some dovish commentary by the RBA. For the month of August, US headline inflation rose 0.1% month-on-month, above consensus estimates which had forecasted a 0.1% fall in overall inflation. … Read more
FUNDAMENTAL ANALYSIS Andrew Sun AUD/USD The Aussie Dollar shed 1.08% over the past week to trade at 0.689 as geopolitical tensions flared up and US economic data positively surprised market participants. Being a risk-on currency, the Australian Dollar dropped sharply on Tuesday after US House Speaker Nancy Pelosi further strained US-China relations by visiting Taiwan. … Read more
FUNDAMENTAL ANALYSIS Jason Chen AUD/USD The Australian Dollar closed the week slightly higher, up 0.28% to close a fraction below 70 US cents. In line with market expectations, the Federal Reserve raised the Federal Funds Rate by 75 basis points on Thursday to bring the target range to 2.25%-2.50%. This was accompanied by a dovish … Read more
FUNDAMENTAL ANALYSIS John Nguyen EUR/USD EUR/USD is ending this week 1.26% higher to trade at the 1.021 price zone, due to the poor performance on Wall Street this week and the bearish performance of the US government bonds. We can potentially see a rise in the pair as the US Federal Reserve has adopted its … Read more