Greg’s Weekly Analysis W/C 27th November 2017

AUDUSD: Fundamentals: To say that the Australian currency is showing strength would be an overstatement, however we can’t deny that the rally is largely attributed to the USDollar and its weakness due to the latest FOMC statement. If the USDollar index keeps posting new lows on the higher timeframes the likes AUD will start forming…

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Greg’s Weekly Analysis W/C 20th November 2017

AUDUSD: Fundamentals: Economic data from Australia wasn’t stellar with wage growth not improving while the economy added only 3.7k jobs, unemployment rate ticked down to the 5.4% but didn’t manage to strengthen the aussie in fact quite the contrary. The aussie weakened despite the USDollar having session sell offs to its 94.00 support on the…

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Greg’s Weekly Analysis W/C 13th November 2017

AUDUSD: Fundamentals: We had the RBA meeting from Australia however it didn’t shed any light for change in monetary accommodation, no major change in guidance took place coupled with the cautious tone on growth outlook while inflation is expected to gradually increase over the 2018. The UAD weakened on the release of the statement which…

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Greg’s Weekly Analysis W/C 6th November 2017

AUDUSD: Fundamentals: Despite some significant strength over the last weeks the US Dollar was mainly sideways throughout the week with the NFP numbers managing to accelerate it to previous highs. The nomination of Jerome Powell from Pres. Trump and announcement did not rattle the markets and more focus was put on the US jobs numbers…

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Greg’s Weekly Analysis W/C 30th October 2017

AUDUSD: Fundamentals: The USD has renewed strength for various of factors and the most important ones are the Tax plan to which the senate and the administration seems to closer after this weeks end, a tax plan that would reduce billions for mega companies is seen as positive as companies would repatriate their earnings back…

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Greg’s Weekly Analysis W/C 23rd October 2017

AUDUSD: Fundamentals: The Australian economy is seeing improvement regarding jobs due to the unemployment rate coming down to 5.5%. This initially strengthened the currency against the USD but by the end of the week the USD prevailed based on a tax overhaul as the senate passed a multi trillion dollar budget that Pres. Trump has…

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Greg’s Weekly Analysis W/C 16th October 2017

AUDUSD: Fundamentals: The RBA is in a wait and see mode however we could hear speeches coming from the staff of the central bank arguing that a cut on the cash rate is not excluded from the RBA’s outlook. This was met with further sell offs coupled with a stronger USD. Things have slightly changed…

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Greg’s Weekly Analysis W/C 9th October 2017

AUDUSD: Fundamentals: The aussie weakened further due to the USD strength but also due to its own as Australian retail sales declined and we had comment out of the central banks’ committee members that a rate cut on the Australian economy is still not ruled out despite investor eyeing for hawkish signs from the RBA.…

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Greg’s Weekly Analysis W/C 2nd October 2017

AUDUSD: Fundamentals: The main driver of the weakness in the aussie dollar was its US counterpart. The weakness is more likely welcomed by the RBA who signalled that the single currency being too high will hurt future outlook. The USDollar found support among investors while the AUD wasn’t seen as risk on. The RBA might…

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Greg’s Weekly Analysis W/C 25th September 2017

AUDUSD: Fundamentals: Iron Ore prices hit some new lows which affected the Australian currency as well as Chinese data, their biggest trade partner. We could see the aussie decline against its US counter-part. The FED FOMC meetings showed us that the FED is reducing its balance sheet come next month and the rate hike expectations…

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