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
FUNDAMENTAL ANALYSIS John Nguyen AUD/USD The Australian Dollar has been volatile lately, ending the week 0.10% higher to trade at 0.694 due to conflicting economic factors causing price action to fluctuate wildly. On the upside, oil and coal have increased in price which has helped to improve our terms of trade. However, there has been … Read more
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
FUNDAMENTAL ANALYSIS William Lun EUR/USD After a hawkish turn from the European Central Bank (ECB) these past three weeks, the Euro has finally failed to meet the rising bar for further upside repricing. This can be seen at the ECB meeting on June 9, which reiterated hawkishness from the ECB but ultimately failed to lift … Read more
FUNDAMENTAL ANALYSIS AUD/USD The Australian Dollar has pushed 0.79% higher against the greenback over the past week to trade at around 0.7219. The continued strength this week has been attributed to a better than expected trade surplus result ($10.5bn surplus vs $9.0bn surplus expected) and GDP growth figures (3.3% vs 3.0% expected). The state of … Read more
FUNDAMENTAL ANALYSIS Jason Chen AUD/USD AUD/USD To close the week, the Australian Dollar slipped by 0.68% to the 0.7440 range against the greenback after hitting a near 1 year high of 0.7660 on the second trading day of the week, the 5th of April. In the RBA cash rate decision meeting this week, the committee … Read more
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
FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The Australian Dollar rallied 1.53% against the greenback in the past week to hover around 0.7518. The continued strength this week has been despite the US Federal Reserve’s hawkish stance, with Fed chairman, Jerome Powell, reiterating the possibility of a 50 basis point increase in the near future, which would … Read more
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
FUNDAMENTAL ANALYSIS Carl Braganza AUD/USD The AUD incurred some losses on Friday which continued the Aussie’s 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