Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
AUD/USD gets to lower price levels around 0.7030, after its renews its 3-weeks low. Bad news from China combined with risk-avoiding moves supported the downward forces. This caused the AUD/USD to drop for 4-days straight.
However, the AUD/USD pairs risk gauge losses can be related to rising anxieties of rising US inflation and aggression of the Fed. The market feelings grew worse, following the release of the Consumer Price Index which increased to 8.6% against the 8.3% anticipated. Also, the main Consumer Price Index climbed to 6.0% against the anticipated reduction of 5.6% from 6.2%.
China experienced an increase in coronavirus infection during the last two days. This reinstated some activity restrictions and public testing for the virus.
Addition Factor Affecting AUD/USD Price
Another thing affecting the AUD/USD and market feelings is the struggle between USA and China over Taiwan. Due to this China’s Defense Minister disclosed that China’s relationship with the US is at a point of breakage. Also, China’s policymakers announced their readiness to fight against Taiwan’s secession from China.
In contrast to the background, Wall Street crashed while US Treasury yield moved up. This consequently pushed the demand for the USD. In addition, the S&P 500 dipped by 1% while the US ten years Treasury yield stayed largely the same: about 3.16%.
Furthermore, from the AUD front, vacations in Australia will likely restrain the AUD/USD price action. Also, from the USD side, striving to avoid risk will keep exerting downward forces on the pair. Finally, the Federal Reserve decision and May’s Australian employment data, coming up in two and three days. These will be vital for AUD/USD traders to monitor.
You can purchase Lucky Block here: Buy LBlock
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
