AUD/USD fell for a third successive month in August but this may not be the end of it as long as worries over China growth (imports) do not dissipate and commodity prices do not stabilise. EUR/AUD traded a high of 1.6590…
AUD/USD fell for a third successive month in August but this may not be the end of it as long as worries over China growth (imports) do not dissipate and commodity prices do not stabilise. EUR/AUD traded a high of 1.6590. A break below 0.7000 puts AUD/USD back in post-Lehman territory (0.60-0.70), but IMM specs are still lagging the latest pullback. The RBA left its key interest rate unchanged at 2.0% on 1 September for a fourth successive meeting.
The unemployment rate rose to 6.3% in July, a six-month high. The trade deficit narrowed to A$2.46bn from A$3.05bn in June thanks to a 2% rise in exports (gold exports up strong, iron ore and coal down). Exports to China were virtually stable.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
