Australian Dollar Stagnant as US Dollar Rises Before ISM PMI
Australian Dollar Stagnant as US Dollar Rises Before ISM PMI The Australian Dollar (AUD) maintained its stability as investors adopted a cautious stance ahead of the upcoming release of the ISM Manufacturing PMI in the United States on Monday. The AUD found some early support during the Asian trading session following an increase in Australia’s […]
Australian Dollar Strengthens on Improved Risk Sentiment
Australian Dollar Strengthens on Improved Risk Sentiment The Australian Dollar (AUD) continued its upward trend for the fourth consecutive session on Monday, driven by growing optimism surrounding the Reserve Bank of Australia (RBA). This positive sentiment is underpinning the AUD’s strength and providing solid support for the AUD/USD pair. As the RBA prepares for its […]
Australian Dollar Gains Ahead of Fed Rate Decision
Australian Dollar Gains Ahead of Fed Rate Decision The Australian Dollar (AUD) has seen a slight recovery driven by a potential shift towards risk-on sentiment among investors. Despite this uptick, the AUD/USD pair encountered downward pressure in the early trading hours on Wednesday. This movement followed the release of the AiG Industry Index, which indicated […]
Top Currency Pairs to Trade for Beginners
Starting out in the Forex market can seem daunting, but choosing the right currency pairs can make it much simpler. For beginners, some pairs are more suitable because they are traded more often and are generally more stable. At Xtreme Markets, we always advise our clients to begin with the most accessible pairs. Here are […]
Australian Dollar Nears Key Level as US Dollar Stays Weak
Australian Dollar Nears Key Level as US Dollar Stays Weak The Australian Dollar (AUD) has continued its upward trajectory for the second day in a row on Thursday, finding support from a weakening US Dollar (USD). Despite this, mixed signals from recent Australian employment data have placed some downward pressure on the AUD/USD exchange rate. […]
Australian Dollar Nears Key Level Before US Retail Sales Data
Australian Dollar Nears Key Level Before US Retail Sales Data The Australian Dollar (AUD) saw a modest rebound on Monday, pulling away from its eight-week low of 0.6456 set last Friday. However, the AUD/USD pair faced resistance as traders gravitated towards the perceived safety of the US Dollar (USD) amid escalating tensions in the Middle […]
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes The Australian Dollar (AUD) is navigating choppy waters, managing to hold above the crucial 0.6750 threshold against the US Dollar (USD). The AUD, tied closely to commodity markets, is under pressure from a global growth slowdown at 2024’s end, nudging investors towards the USD. […]
Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions
Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions The Australian Dollar (AUD) has been on a positive trajectory since Wednesday, with the AUD/USD pair experiencing notable upward movement. This surge is largely attributed to market expectations of impending rate cuts by the US Federal Reserve (Fed), which in turn has put downward pressure […]
Australian Dollar Rises Amid Hopes for Chinese Stimulus After Weak Data
Australian Dollar Rises Amid Hopes for Chinese Stimulus After Weak Data The Australian Dollar (AUD) has demonstrated resilience, rebounding from its recent slump even as Australia’s economic figures showed a downturn. The AUD/USD pair, after peaking near a four-month high at 0.6676, has seen a slight pullback. This movement comes amid a broad recovery of […]
Australian Dollar Holds Steady Despite Weak US Dollar
Australian Dollar Holds Steady Despite Weak US Dollar Amid a backdrop of fluctuating global currencies, the Australian Dollar (AUD) is holding its ground despite the US Dollar (USD)’s continued weaknesses. The AUD’s resilience comes even as US Treasury yields show an uptick, challenging the conventional dynamics between yield performance and currency strength. However, the AUD/USD […]
AUD/USD Shows Positive Momentum Ahead of Key US NFP Data Release
AUD/USD Shows Positive Momentum Ahead of Key US NFP Data Release The AUD/USD currency pair has been witnessing an upward trend during the early European trading hours on Friday. This momentum is bolstered by the strength of the US dollar and an overall positive risk appetite in the market. The anticipation surrounding the release of […]
AUD Stays Above 0.6350 Amid Weak Retail Sales
AUD Stays Above 0.6350 Amid Weak Retail Sales The Australian Dollar (AUD) recently found itself in a precarious position, as it dipped to a 10-month low. However, despite this challenging situation, the AUD/USD pair managed to maintain its stance above the crucial 0.6350 mark. This resilience came in the wake of disappointing news regarding Australia’s […]
AUD/USD Nears 0.6400: Focus on US Core PCE and Aussie CPI
AUD/USD Nears 0.6400: Focus on US Core PCE and Aussie CPI The AUD/USD pair is currently undergoing a retracement, with its value hovering around the 0.6420 mark during the Asian trading session on Monday. This pullback comes after the pair experienced some upward momentum last week, buoyed by a combination of positive Australian PMI data […]
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase During the Asian session on Monday, the AUD/USD held above the 0.6400 area, with the Australian Dollar (AUD) benefiting from a weaker US Dollar and diminishing concerns about China’s deflation. Currently trading near 0.6425, the pair has gained 0.75% for […]
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic […]
AUD/USD Holds Firm to Robust Intraday Advances, Nears Daily Peak at Approximately 0.6770-75 Range
AUD/USD Holds Firm to Robust Intraday Advances, Nears Daily Peak at Approximately 0.6770-75 Range The Australian Dollar (AUD) against the US Dollar (USD) pair, also known as AUD/USD, has been exhibiting strong intraday gains during the early European trading session on Tuesday. For the second consecutive day, it continues to experience fresh buying interest around […]
AUD/USD Steady Above 0.6800 Amid RBA Policies
AUD/USD Steady Above 0.6800 Amid RBA Policies The Australian dollar to United States dollar (AUD/USD) pair is currently demonstrating a steady performance, maintaining its position above the 0.6800 mark in the Tokyo session. Despite the Reserve Bank of Australia (RBA)’s inclination towards further policy restrictions, the Aussie currency has yet to experience a significant shift. […]
Pause in US Dollar Sell-off Anticipated Prior to Confidence Data Release
Pause in US Dollar Sell-off Anticipated Prior to Confidence Data Release The US Dollar, which has been on a downward trajectory against other currencies, is anticipated to experience a temporary pause in its sell-off as the market eagerly awaits the release of key confidence data. The greenback hit a 15-month low before it began to […]