简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
The AUD/USD Is On Track To Reach August Highs
Abstract：There were concerns that the Australian dollar's early gains against the US dollar would be erased as yesterday's trade progressed into the US session.
As we approached US trade yesterday, there were some concerns that the AUD/early USD gains might fade. However, when risk sentiment improved, the Australian dollar's fortunes improved as well, and that attitude is continuing today. The pair is up 0.2% to 0.7120 and is now approaching its August highs of 0.7125-36.
A break over that resistance level would pave the way for a further upward rise toward last year's May and June highs of approximately 0.7265-83.
The stronger inflation statistics released yesterday are adding gasoline to the fire for the Australian dollar's rise, almost guaranteeing a 25 basis point rate increase in two weeks. Following the Bank of Canada's decision to remain on the sidelines following yesterday's rate rise, that is now the new standard by which major central banks will be measured.
The fact that stocks have shown some resilience this week and are looking to maintain a technical breakthrough this week is also a plus for the Aussie. Yesterday's improvement was good, reflecting earlier in the week's purchasing enthusiasm.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Why is there so much exposure against PrimeX Capital?
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
The Hidden Checklist: Five Unconventional Steps to Vet Your Broker
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial Obtains Licenses in BVI and Cayman Islands
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
CFI’s New Initiative Aims to Promote Transparency in Trading
A new programme has been launched by CFI to address the growing need for transparency and awareness in online trading. Named “Trading Transparency+: Empowering Awareness and Clarity in Trading,” the initiative seeks to combat misinformation and equip individuals with resources to evaluate whether trading aligns with their financial goals and circumstances.
WikiFX Broker
Latest News
AIMS Broker Review
WikiFXThe Hidden Checklist: Five Unconventional Steps to Vet Your Broker
WikiFXYAMARKETS' Jingle Bells Christmas Offer!
WikiFXWhy is there so much exposure against PrimeX Capital?
WikiFXRussia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
WikiFXMTrading’s 2025 "Welcome Bonus" is Here
WikiFXDoo Financial Obtains Licenses in BVI and Cayman Islands
WikiFXCFI’s New Initiative Aims to Promote Transparency in Trading
WikiFXCurrency Calculator
