Analytics

Forex News

Forex

AUD/USD further rangebound likely – UOB Pablo Piovano

09:00 23 May /2016 Forex

According to the research team at UOB Group, the Aussie dollar is seen extending its sideline pattern in the next weeks.

Key Quotes

“AUD traded in a tight range of less than 50 pips last Friday. Neutral indicators continue to suggest further range trading even though the bias is for a stronger rebound to test the 0.7260 resistance”.

“There is not much to add as AUD traded mostly sideways last Friday. The outlook is still viewed as neutral but we are shading the expected sideway trading range lower to 0.7150/0.7350 (from 0.7200/0.7400 previously)”.

to other news

all news
Will AUD/USD rally if the unwinding of ‘Trump trade’ gathers pace?

US President Trump withdrew his health care bill after it failed to gain enough support to pass in Congress. This is seen as a huge blow to President Trump.Moreover, the vote was seen as a litmus test of President Trump’s legislative ability. Hence, experts fear the failure to get the health care bi

03:46 27 March /2017 Forex

A major setback for the Trump trade - ANZ Ross J Burland

Analysts at ANZ explained that the failure of Donald Trump’s replacement healthcare bill to make it through congress will be viewed by the market as a major setback for the ‘Trump trade’ (although market moves late on Friday were a little surprising). Key Quotes:"But perhaps a far m

03:46 27 March /2017 Forex