Let’s look at main movements on the market.
Tag - aud - australian dollar
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Worries about tensions between the United States and China have pushed the USD up versus the EUR, the GBP, and the AUD…
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
GBP/AUD opened the week with a gap down. Things like that have already happened before and, back then, the price continued its way down.