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

2022 T1 W6

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

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’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

2022 T1 W3

Fundamental Analysis AUD/USD The AUD has rallied from 0.7261 on 28 February to 0.7374 against the USD over the past week due to higher commodity prices and the fact that Australia is a big exporter of metals. It is somewhat surprising that the AUD has performed well amidst the Ukraine-Russia conflict given that it is … 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

2021 T1 W4

Dear UNSW Forex members,  Welcome back to our weekly newsletter! In our weekly newsletter you will find market analysis and highlights, as well as updates on upcoming events and sponsorship opportunities.  Please follow our UNSW ForexSoc Facebook page to stay informed of upcoming events and opportunities. We’re excited to be partnering with StarBeta again this … Read more

2020 T2 W11

MARKET MOVERS Wendy Le NZ Official Cash Rate & RBNZ Rate Statement – 12 August 12:00pm The NZ official cash rate is forecasted to stay the same at the record low rate of 0.25%. As the cash rate stabilising indicates economic recovery, this may lead to a bullish NZD and AUD. An interest rate cut … Read more

2020 T2 W10

MARKET MOVERS Will Liu Australian Cash Rate – 4th August 2:30pm  The Australian Cash rate is forecasted to remain steady 0.25%, with the current state of the economy and the extra uncertainty added by rising COVID 19 cases. RBA is expected to maintain optimism similar to last month’s RBA minutes where policymakers noted that ‘the downturn … Read more

2020 T2 W9

MARKET MOVERS Wendy Le Australian CPI q/q – 29 July 11:30am  Australian CPI is forecasted to decrease from 0.3% to -2.0%. This potential decline in inflation could be attributed to the spike in COVID-19 cases in Victoria and NSW. This indicates a movement away from the RBA’s target inflation rate of 2-3% meaning that in … Read more