2022 T1 W5

FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The pair has rallied more than 2.7% in the last few days to 0.74. The strength this week came from rising commodity prices, positive employment data, as well as news from China about the setting of an economic growth target. Iron ore prices topped $150 a barrel during the week, … Read more

2022 T1 W4

FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The AUD incurred some losses on Friday which continued the Aussie‚Äôs first week of losses after five weeks of gains as it closed just under 0.73. However, during the week it did manage to reach a new high for 2022 of 0.7441, with gains coming from rising iron ore prices … Read more

2021 T1 W5

HIGHLIGHTS FOR THIS WEEK Carl Braganza AUD/USD The AUD/USD pair have modestly strengthened, closing the week at 0.7764 from the 0.7708 opening, finishing above the 50MDA. The USD fell for three consecutive days during the past week due to investors feeling less concerned about rising inflation. Soft consumer prices data helped stabilise government yields which … Read more