Daily Forex Forecast 05/21/2013
May 21 2013 8:32 AM
The story for most of last week was the Aussies continued weakness against a strengthening Greenback as our move below parity was extended pushing us close to 0.9715 on Friday night.
Daily Forex Forecast 05/15/2013
May 15 2013 12:07 PM
Despite enjoying a brief stint back above parity yesterday the Australian dollar has fallen for a seventh consecutive day overnight, close to the longest losing streak witnessed since August 2011.
Daily Forex Forecast 05/10/2013
May 10 2013 10:12 AM
It has been a roller coaster ride for the Aussie over the past 24 hours, which saw it initially move higher on the back of strong local employment data before a sharp rally in the greenback last night saw us give up those gains and then some, to trade at close to 11 month lows.
Most Aussies Think It's Time for Marriage Equality
May 08 2013 10:39 AM
Is it time for marriage equality? Majority of Australians seems to think so, according to an Essential poll.
Daily Forex Forecast 05/07/2013
May 07 2013 9:42 AM
After opening yesterday looking strong above 1.03, the Aussie took a fall after the local retail sales number disappointed, initially sending us back to the minor support at 1.0280.
Daily Forex Forecast 05/06/2012
May 06 2013 10:09 AM
The Aussie experienced a bit of a roller coaster ride last week, trading up around 1.0380 early in the week before disappointing Chinese and US manufacturing numbers sent commodities and the Aussie lower, eventually bottoming out around 1.0225 on Thursday.
Daily Forex Forecast 05/03/2013
May 03 2013 11:03 AM
The Australian dollar dropped to its lowest level in over a week against the Greenback yesterday following the release of building approval figures which missed forecast.
Daily Forex Forecast 05/02/2013
May 02 2013 11:47 AM
We find the Aussie significantly lower this morning following some poor economic data and a sharp fall in commodities overnight.
DailyForex Forecast 04/29.2013
April 29 2013 10:23 AM
Having look set to end the week on a positive note the Australian dollar managed to keep its head above the 1.03 mark for much of Friday’s session with investors keen to pressure weekly highs just short of the 1.0350 handle.
Daily Forex Forecast 04/11/2013
April 11 2013 8:26 AM
Pointing towards increased demand for Australian resources, China’s trade balance figures released yesterday revealed imports from Australia were at their highest level in eight months in March, climbing a staggering 18.4 percent from a year earlier.
Daily Forex Forecast 04/10/2013
April 10 2013 11:16 AM
The Australian dollar initially rallied against the Greenback yesterday after China’s Consumer Price Index came in below expectation reducing the pressure on Policy Makers to tighten monetary policy in response
Daily Forex Forecast 04/09/2013
April 09 2013 9:46 AM
Whilst a survey yesterday showed the total number of job advertisements declined by 1.5 percent in March the Australian dollar consolidated its losses from over the weekend trading close to its opening level of 1.0370 for much of the intraday session.
Daily Forex Forecast 04/08/2013
April 08 2013 10:38 AM
Despite a handful of positive data releases locally last week including strong building approvals, accelerated retail growth and improved trade figures it’s been the sharp fall in the value of the Japanese Yen which has triggered the move away from the Australian dollar.
Daily Forex Forecast 04/04/2012
April 04 2013 9:35 AM
The release of a better than expected trade balance locally yesterday saw the Aussie begin an uptrend that saw it gain to close to 1.05 prior to the US session.
RBA retains easing bias but provides positive signs [Daily Forex Forecast 04/03/2013]
April 03 2013 1:04 PM
The Aussie moved marginally higher yesterday following the RBA rate announcement and accompanying statement.
Daily Forex Forecast 04/01/2012
April 02 2013 9:22 AM
The Aussie spent much of yesterday morning trading close to where it opened, as the lack of investors in the market kept ranges tight.
World Bank Willing to Work with its Challenger Development Bank from BRICS
March 28 2013 9:20 AM
The World Bank on Tuesday said that it was ready to support the new development bank being established by Brazil, Russia, India, China and South Africa (BRICS), in a statement just hours after the groups of emerging nations reached a deal to challenge nearly seven decades of World Bank dominance.
Chinese Oil Companies Courted to Invest in Ecuador's 'Amazon Land'
March 28 2013 9:07 AM
Ecuador could auction off more than three million hectares of Amazonian rainforest to Chinese oil companies as part of a global road-show to develop its oil industry.
Daily Forex Forecast 03/28/2012
March 28 2013 8:36 AM
Stopping 30 basis points shy of its highest level in two months during domestic trade yesterday the Australian dollar received a boost following comments from the RBA which stated global conditions have improved significantly, reducing the likelihood that interest rates will fall when policy makers meet next Tuesday.
Daily Forex Forecast 03/26/2012
March 26 2013 9:24 AM
Remaining firm up above the 1.0400 handle yesterday global risk sentiment received a boost following news that Cyprus had clinched a last-ditch deal with International lenders.