Europe’s poor vaccination rollout keeps pressing down the euro. Unlike Europe, the USA is in a much better position now. Thus, EUR/USD is likely to dip further this week. Gold is likely to fall as well amid the strong USD. Watch the video to get more trade ideas for this week!
Tag - aud - australian dollar
While the American stock market pushes S&P 500 above 4000, most currencies are weak against the US dollar, and commodities fluctuate.
The RBA will announce its Cash Rate on April 6, at 07:30 MT time.
Read the report to know the latest news and get the tech analysis of EUR/AUD, EUR/USD, and USD/JPY!
Gold has dropped below $1700! The US dollar is going all-in against other currencies, WTI oil is trembling but going upwards ahead of the OPEC+ meeting.
According to the recent report by the Australian Department of Industry, the country is forecast to earn around 136 billion Australian dollars from the ore exports this year.
In this daily video, we check through the main headlines and see how they affect the market mood across the main currency pairs and assets.
The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged.
FOMC's report provided positive feedback on the current domestic US economic dynamics. However, a rather dovish outlook made the US dollar weak, resulting in the USD's plunge in the currency pairs across the Forex market.
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
S&P made a significant dip down while the WTI oil price moves upward this Thursday; we are expecting news from the OPEC+ about the oil supply increase. Will it go higher or lower than expected? That'll eventually drive the oil price in either direction - prepare your levels.
Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.