The AUD/NZD traded on a sideways momentum through the early trading hours on Monday, as it struggled to break the 1.0650 resistance. At press time, the forex pair is trading at 1.0649, up by 0.07% on the day. Job advertisements in Australia rallied for the seventh consecutive time in November, as the country’s second-most populous […]
The AUD/NZD traded on a slightly bearish tone in the early European session on Monday, as it retreated from last week’s bull run. Earlier today, China published its Trade Balance for November, which beat market expectations of $53.5 billion and came in at $75.4 billion. Also, the country reported that its Exports rose by 21% […]
The AUD/NZD traded on negative bias in the early European hours on Monday, with both currencies struggling for dominance as they both have favorable factors surrounding them. Commodities continue to bolster the Aussie, with the daily measure of Australia’s commodity export nearing a 7-year high, as iron ore trades above $125 per tonne. November was […]
The AUD/NZD traded on positive in the early European session, following the release of positive data from Australia on Friday. The Commonwealth Bank of Australia’s (CBA) released better-than-expected preliminary Manufacturing PMI readings for November. As a result, the Composite PMI saw a decent boost as well. Also, the ASX 200 extended additional support to the […]
The AUD/NZD traded with a sideways bias through the early European session on Monday, as the Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) unchanged at 0.25% and promised to keep its rates the same until March 2021. The Aussie and the Kiwi traded strongly against other top cryptocurrencies last week […]
The AUD/NZD traded in a tight range between 1.0685 and 1.0725 in the mid-European session on Monday and was last spotted trading at the 1.0725 resistance. On Friday, Australia released its AIG Performance of Services Index, which showed a decent improvement from 36.2 in September to 51.4 in October. Meanwhile, the Aussie recorded a short-lived […]
The AUD/NZD continued on a directionless bias in the North American session on Monday. At press time, the pair is trading at 1.0630, up by 0.03% on the day. The blooming market risk sentiment is currently aiding both the Aussie (AUD) and the Kiwi (NZD) to find modest demand against other currencies ahead of the […]
The AUD/NZD continued on its bearish momentum on Monday, as both currencies exhibit unclear biases as the USD (DXY) waxes stronger. The pair recorded a new 3-month low around 1.0637 in the early European session today. Earlier today reports from Australia illustrated that the country recorded better-than-expected trade surplus data. However, this positive development failed […]
The AUD/NZD traded through the Monday on a bearish bias, as the pair continued on its descent from last week. The bearishness can be largely attributed to the weakness in the Aussie (AUD) as a result of a recent RBA announcement. The commodity-related currency dropped across the board after RBA Governor Philip Lowe glossed over […]
