2022 T3 W8

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

2022 T3 W5

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

2022 T3 W3

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

2022 T2 W10

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

2022 T2 W9

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

2022 T2 W7

FUNDAMENTAL ANALYSIS Andrew Sun AUD/USD The Australian Dollar slid 0.44% over the past week to trade at 0.6894 amidst better than expected US Retail Sales and consumer confidence data, before staging a late rally as markets digested some Fedspeak comments. On Friday, US Retail Sales for June had grown 1.0% month-on-month, which beat market expectations … Read more

2022 T2 W5

FUNDAMENTAL ANALYSIS William Lun AUD/USD The Australian Dollar ended the week down 1.53% to 0.6812 after recession fears intensified on Friday. Friday’s downbeat US PMI data added to the risk-adverse sentiment taken by the market, which led to a market-wide selling of the AUD. Moreover, markets expect a more hawkish Federal Reserve, with investors pricing … Read more

2022 T2 W3

FUNDAMENTAL ANALYSIS Jason Chen AUD/USD On Friday 10th June, the US Bureau of Labor Statistics released its CPI data for May, which revealed that the headline figure had risen by 1% month-on-month and that the annualised rate of inflation increased to 8.6%, the highest level since 1981. To combat surging inflation, the Federal Reserve has … Read more

2022 T1 W7

FUNDAMENTAL ANALYSIS Jason Cheung AUD/USD The Australian Dollar against the greenback has declined by 0.22% as it is now testing recent highs over the past weeks. Biden announced an oversupply of 180 million barrels from reserves over the next six months, sending crude oil, Australia’s second largest exported commodity, tumbling by 4.4% on Friday. US … Read more