Weaker risk sentiment pulls the AUD to its lowest levels since January
AUD/USD continues to move within the downward channel.
Forex News
Key information updates for profitable trading
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Italian budget fears suppress stocks
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
China's retail sales surge dives to 16-year minimum
On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…
Evergreen buck goes up
On Wednesday, the evergreen buck jumped, backed by comments from senior Fed officials playing down the probability of interest rate cuts, and also by a fresh round of safe-haven buying on geopolitical tensions…
Chinese Yuan is intact
On Wednesday, the Chinese yuan and the evergreen buck were nearly intact in Asia because market participants waited for further news on the China-US trade front…
American import prices rally a bit
In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…
Euro zone industry output is suppressed by Italy and France
In March, euro zone industrial output headed south for a second month in a row due to the fact that output slumped in Italy and France, although revived in the EU’s number one economy - Germany…
The jobs data may support the AUD
The Australian jobs data will be out on May 16, at 4:30 MT.
Pay attention to the important releases for the USD
The United States will release the level of retail sales and core retail sales on May 15, at 15:30 MT time.
Asian stocks head south to three-and-a-half month minimum
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
Chinese Yuan rebounds
On Tuesday, the Chinese Yuan managed to rebound in Asia reacting to reports that the Asian country’s state-backed funds, dubbed the “National Team,” have pumped cash into the market in an attempt to back local stocks as well as currency…
