
What's moving markets on Thursday? Jump in and you'll get the full market wrap!
The AUD/USD pair tested the support at 0.7380. 50-hour MA is near to cross the 200-hour MA that is a negative signal for the pair. If today the pair closes below the support, the further fall is anticipated. No important economic data will be released.
A forecast for the aussie isn’t encouraging. The banking group doesn’t see any driver for the AUD because of an uninspiring domestic data flow and a negative perspective on a rate hike. Moreover, trade wars tensions continue to weigh on the AUD. Risks of the housing market may put pressure on the Australian dollar as well. As a result, a fair value for the Australian dollar is 0.73 (let us remind that up to now, AUD/USD is near 0.7380).
ING has also represented its point of view on the Australian dollar. The main threat for the Australian dollar is the US policy. Firstly, the higher short-term US rates weigh on the aussie with the lower interest rate. Secondly, US tariffs on Chinese exports put pressure on the AUD. As a result, the forecast of the company is a consolidation within 0.7400-0.7600 until there are some directional catalysts.
That is all for today. Follow markets news with us!
What's moving markets on Thursday? Jump in and you'll get the full market wrap!
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
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What's moving markets on Friday? What is the hottest news? Let's find out!
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