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AUD/USD rallies as Australian CPI exceeds forecasts

January 22, 2014 9:46 am
Australian dollar advanced against its US dollar on trading Wednesday, following a report, which revealed Australian consumer price inflation surpassed expectations during the final quarter of 2013, implying a lower chance of an interest rate cut in the future. AUD/USD climbed to a daily high at 0.8886 at 7:45 GMT, after which consolidation followed at […] Read more

AUD/USD holds daily gains before Australian consumer inflation report

January 21, 2014 7:59 am
Australian dollar preserved daily gains against its US counterpart on Tuesday ahead of a report, that may show that Australian consumer prices rose in the fourth quarter of 2013. AUD/USD touched a daily high at 0.8838 at 2:00 GMT, after which consolidation followed at 0.8822, up 0.11% for the day. Support was likely to be […] Read more

AUD/USD distances from 3 1/2-year lows as China’s growth beats forecasts

January 20, 2014 8:14 am
Australian dollar distanced from lows unseen in 3.5 years against its US counterpart on Monday, as Chinese Gross Domestic Product was reported to have exceeded experts forecasts during the last quarter of 2013. AUD/USD touched a daily high at 0.8804 at 2:00 GMT, after which consolidation followed at 0.8792, rising 0.14% for the day. Support […] Read more

Outlook for USD/CHF cross during the upcoming week

January 19, 2014 8:57 am
US dollar managed to climb to highs unseen in one week against the Swiss franc on trading Friday, after official data showed US housing starts decreased at a lesser pace than initially expected in December, marking the best year for the industry since 2007. USD/CHF reached a session high at 0.9120 at 18:18 GMT, also […] Read more

AUD/USD hits fresh 3 1/2-year lows during US trade on Friday

January 18, 2014 3:03 pm
Australian dollar retreated to fresh 3.5-year lows against its US rival during Fridays US session, as industrial activity in the United States expanded and housing starts remained steady in December. AUD/USD touched a session low at 0.8764 at 17:50 GMT, also the pairs lowest point since July 22nd 2010, after which it closed at 0.8780 […] Read more

AUD/USD loses ground, Australian employment data still weighs

January 17, 2014 8:14 am
Australian dollar traded lower against its US counterpart on Friday, as yesterdays employment data concerning Australia fueled concerns that nations central bank may further reduce borrowing costs in order to stimulate economy. AUD/USD touched a daily low at 0.8802 at 2:20 GMT, after which consolidation followed at 0.8810, falling 0.13% for the day. Support was […] Read more

AUD/USD tumbles to 3 1/2-year lows as Australian employers cut jobs

January 16, 2014 8:15 am
Australian dollar fell to lows unseen in 3 1/2 years against its US counterpart on Thursday, after a report said that Australian employers unexpectedly cut jobs, while the rate of unemployment in the country remained steady in December. AUD/USD plummeted to a daily low at 0.8796 at 7:20 GMT, also the pairs lowest point since […] Read more

AUD/USD falls as US retail sales report supports the view of further tapering by Fed

January 15, 2014 8:06 am
Australian dollar traded lower against its US counterpart on Wednesday, after yesterdays report on retail sales in the United States supported expectations that the Federal Reserve Bank may continue to pare back its monthly monetary stimulus throughout the year. AUD/USD touched a session low at 0.8908 at 7:10 GMT, after which consolidation followed at 0.8912, […] Read more

AUD/USD retreats from one-month highs ahead of US retail sales report

January 14, 2014 7:59 am
Australian dollar slid from highs unseen in a month against its US counterpart on Tuesday ahead of the release of US retail sales report later in the day, while the Aussie may be tempered also ahead of the employment data, due out on January 16th from Australia. AUD/USD touched a session low at 0.9020 at […] Read more

AUD/USD close to one-month highs on job outlook in Australia

January 13, 2014 8:32 am
Australian dollar traded in proximity to highs unseen in one month against its US counterpart on Monday on prospects that jobs in Australia rose a second month in December before the official report, scheduled for release on January 16th, while US non-farm payrolls came short of expectations last Friday. AUD/USD climbed to a session high […] Read more