Adding to its attractiveness is the prevailing view that the Australian dollar offers diversification in a portfolio containing the major world currencies because of its greater exposure to Asian economies and the commodities cycle. The RBA will publish its decision with a rate statement. Analysis from the DailyForex. The April reading posted a gain of 0.
Good news from the US: We begin by analyzing the market reactions to Brexit, this time with some perspective and 3 totally different reactions. The Australian dollar enjoyed a post-Brexit recovery and managed to top the 0. This monthly indicator helps analysts track CPI, which is released every quarter. In June, the indicator posted a decline of 0.
This key indicator has posted three straight gains, beating the estimate each time. The markets are expecting a strong turnaround in the May release, with an estimate of The index improved to This was only the second reading pointing to expansion since October The April reading posted a gain of 0.
The estimate for the May release stands at 0. The RBA is not expected to change the benchmark rate, with the national election last week. Currently the rate stands at 1. The RBA will publish its decision with a rate statement. Debelle will deliver remarks at an event in Sydney. The index continues to register readings below the point level, pointing to contraction in the construction sector. The index dipped to This line was tested in support last week. It is the final support level for now.
Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. After a multi-decade commodity boom brought the Australian Dollar to all-time highs against the US Dollar , traders were often attracted by the interest rate differential in the pairing.
Of recent, tides have appeared to change as economic difficulties in China coupled with bear markets in metals and many commodities, have created a more opaque picture of the future of Australia's financial prospects. Event-driven macro and classic technical analysis Average Time Frame of Trades: A few days to a few weeks. E-Mail Please enter valid email. Phone Number Please fill out this field. Country Please Select Please select a country. Yes No Please fill out this field.
For more info on how we might use your data, see our privacy notice and access policy and privacy website. Or, read more articles on DailyFX. Your forecast is headed to your inbox. An error occurred submitting your form. Please try again later.