Talking Points: Australian third quarter GDP growth came in at 0.6% on the quarter, 2.8% on the year These aren’t bad figures, but the markets had hoped for more The Aussie Dollar duly suffered Just getting started in the AUD/USD trading world? Our beginners’ guide is here to help The Australian Dollar took a fall […]
To receive Michael’s analysis directly via email, please SIGN UP HERE AUD/USD Daily Chart Technical Outlook: Aussie broke below the November opening-range lows and key support at 7632 earlier in the month, keeping the short-bias in play. Prices registering a low at 7532 last week before rebounding back into former support, now resistance. The pair […]
To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: AUD/USD Technical Strategy: Flat Aussie Dollar forms bullish candlestick pattern, hinting a rebound may be ahead Bearish long-term trend break still valid, hinting gains may yet prove corrective The Australian Dollar put in a bullish Morning Star candlestick pattern, hinting that a […]
To receive Michael’s analysis directly via email, please SIGN UP HERE AUD/USD Daily Chart Technical Outlook: AUDUSD rebounded off confluence support today at the lower parallel of this formation extending off the May & June lows. Note that this level also converges on the 50-line of the broader 2016 pitchfork formation. Join Michael on Friday […]
Highlights: Trading in markets is no place for “I told you so.” Instead, we look to the future, and it remains bleak for the Dollar. There is low hanging fruit in blaming the dollar’s troubles on falling political capital in the US after the Obamacare repeal was shelved, but there remains more to the dollar […]
– Reserve Bank of Australia (RBA) to Keep Official Cash Rate at Record-Low of 1.50%. – Will Governor Philip Lowe Soften the Dovish Outlook for Monetary Policy? For more updates, sign up for David’s e-mail distribution list. Trading the News: Reserve Bank of Australia Interest Rate Decision The Reserve Bank of Australia (RBA) is widely […]
To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: AUD/USD Technical Strategy: Flat Australian Dollar eyeing resistance near 0.77 vs. USD yet again Opting to wait for confirmation before committing to a position The Australian Dollar is setting its sights on a test of key resistance near 0.77 against its US […]