The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Tag - aud - australian dollar
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.
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RBA will share its Monetary Policy Meeting Minutes on Tuesday at 04:30 MT time
AUD has a pause on the way up as 600,000 people lost jobs. Is it a short-term correction or change of a course?
The market continues to be in a risk-off mode. Time to gain on falling!
Main movements on the market: risk-off mood strengthened USD, AUD dropped on China’s imports’ ban and Saudi Arabia cut oil production.
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.