Forex

Why is Australian dollar under pressure
November 26, 2021 06:45 PM AEDT| By Akanksha VashishtHighlights The Australian dollar has been trending downwards in the last one month. The domestic currency appears to be bearing the brunt of a hawkish Fed. The AUD would be susceptible to drastic changes in the days ahead as economic recovery .....

What’s Making Australian Dollar Weak And NZD Firm?
April 13, 2021 04:13 PM AEST| By ManikaSource: Atstock Productions, Shutterstock Australia’s slow vaccine roll-out had an impact on the investor sentiment and the Australian dollar opened lower on Monday. However, the NZ dollar remained unchanged. The Australian dollar was down by...

INR puts worst show in 20 months on fears of liquidity glut
April 08, 2021 01:23 AM AEST| By Team Kalkine MediaSource: saisnaps, Shutterstock The Indian Rupee (INR) has put up its worst intra-day show in 20 months on concerns of liquidity glut induced by the Reserve Bank of India’s (RBI) proposed bond buying plans. At the interbank foreign exchange ma...

Dented Risk Appetite Pushes Greenback to Four-Month High
March 24, 2021 11:15 PM AEDT| By DaminiSource: Deacons docs, Shutterstock Summary The US Dollar traded near its four-month high level on Wednesday as global markets’ concerns waned investors’ risk appetite. The potential US tax hikes, shutdowns in Europe and the intensi...
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How Treasury Yields Fluctuations Swayed the Currency Market
March 10, 2021 07:56 PM AEDT| By DaminiSource: Thanwa photo, Shutterstock Summary The US Treasury yields retreated on Tuesday, driving strong gains in the riskier currencies like the Australian dollar, the New Zealand dollar, and the Canadian dollar. The Treasury yields stabilised...

Fed’s Dovish Stance Shoots Up Greenback to Three-Month High
March 05, 2021 08:01 PM AEDT| By Daminir currencies like New Zealand and Australian dollars slumped along with equities. Giving an end to growing speculations that the US Federal Reserve will pull back policy support earlier than expected, Fed Chair Jerome Powell recently reiterated...

How Bond Yields are Driving the Forex Market
March 03, 2021 08:20 PM AEDT| By Daminie Australian dollar. The bond market has begun to recover from the recent market sell-off, inducing a fall in the US Treasury yields. Last week, the sudden rise in the US bond yields soothed the enthusiasm of stock participants around the world,...

Three currency pairs gaining ground, what are chartists looking at in 2021?
January 04, 2021 12:09 PM AEDT| By Kunal SawhneyCurrencies have been a volatile so far over lower interest rate environment and economic meltdown on account of the COVID-19 outbreak. However, since the beginning of the March 2020 quarter many currency pairs have provided investors with superior re...

AUD rises as job data lifts FX traders
December 17, 2020 01:16 PM AEDT| By Team Kalkine MediaAustralian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....

Australia Dollar Going Strong and Here’s Why
December 09, 2020 02:15 PM AEDT| By Team Kalkine MediaAustralian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....

How are the Aussie and the Kiwi Dollar Looking on the Charts?
October 07, 2020 01:31 AM AEDT| By Team Kalkine MediaAUD/USD: Entering Primary Uptrend Corridor AUD/USD broke out of the downward sloping trendline in the last quarter and is now taking support at USD 0.7128 level. The ability of the currency to sustain the present breakout would decide the future d.....

How are AUD and Yuan Faring Against the Greenback?
September 22, 2020 03:03 PM AEST| By Team Kalkine MediaWhile the COVID-19 pandemic initially spurred a rally in the US dollar amidst heightening worries over the virus crisis, the greenback seems to be on the brink of ending its long-run bull cycle. The US Dollar index (DXY), which traces the America.....

Future for $A in the post COVID-19 Era
August 14, 2020 04:22 PM AEST| By Edita Ivancevic2020 has had a profound effect on the world’s economy, whereby most developed countries have experienced negative GDP growth for the first time in years due to the economic lockdown caused by the COVID-19. In the context of Australia, it has.....

As Canada Props Economy, Loonie Gathers Fragile Strength
August 03, 2020 11:00 PM AEST| By Team Kalkine MediaSummary The Canadian dollar touched a three-year low against the US dollar in March as the pandemic decimated markets The currency is gently gaining grounds, with loonie trading at 0.74x times the US dollar by end of second quarter Canada&rsqu.....

Aussie Dollar Under Bull Run- What Are Chartists Looking At?
July 23, 2020 02:44 PM AEST| By Team Kalkine MediaSummary After a brief period of moving in a downtrend, the home currency has reversed direction with the price now moving and confirming a trend reversal. The developing price pattern on charts and technical indicators are reflecting that there.....

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