AUD/USD News
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On this page you can find all the latest AUD/USD news written by the FX Empire expert analysts. Make sure to keep updated with all the latest events which effect the AUD/USD market.
0.9794
-0.0009 (-0.09%)
2:40:32 (GMT)
Bid 0.9794
Ask
0.9795
Open
0.9816
High
0.9828
Low
0.9782
May 21, 2013| FX Empire Analyst - Barry Norman
FOMC Evans Shakes Up The Forex Market
The US dollar slipped a bit late in the day on Monday and is trading flat this morning. It was an extremely quiet day with low volumes as the equities market seemed to be all ablaze about the 1.1 billion dollar Tumblr deal. Traders had pushed gold down by $20.00 in the Asian session trying to test the 1321 support levels. The US dollar continued to trade in the 84.00 range. Chicago Federal Reserve President Evans was scheduled to speak...
May 13, 2013| FX Empire Analyst - Barry Norman
The Strong US Dollar Weighs On The Majors
The big market news today is the pass given the Japanese government by the G7 at the conclusion of their summit. The G7 was expected to support individual nation’s rights to stimulate their economy and push growth. The G7 agreed that the decline of the yen was a result of economic stimulus and not currency manipulation. Although many export countries as upset as buyers move to Japan leaving European and South Korean products at the factory. The yen fell past...
May 09, 2013| FX Empire Analyst - Barry Norman
The AUD and NZD repond to banks and jobs data
The euro rose to a one-week high against the dollar and a more than 2-week peak against the yen on Wednesday, as positive German data eased fears about the eurozone's largest economy and diminished expectations of a near-term interest rate cut. Today’s German data release supported the prior days, Factory orders. News that eurozone leaders might is considering disbanding the troika and allow EU institutions to take over future crisis negotiations. The euro is trading at 1.3163 this morning. EURUSD...
May 08, 2013| FX Empire Analyst - Barry Norman
Global currency markets are somewhat subdued
Global equities trading activity was somewhat subdued, US stocks moved mostly higher over the course of the trading day on Tuesday. The gains on the day extended the upward trend that has been shown by the markets over the past few weeks. The Dow broke the 15,000 level for the first time. With no major economic news being released, last Friday's better than expected jobs report seems to still be on the minds of traders. Meanwhile, the European stock markets...
May 07, 2013| FX Empire Analyst - Barry Norman
Gold, Silver and Copper Trading In The Red
Gold is trading at 1464.9 down by $3.05 as traders seemed to moving more and more money into equities. As economic data shows an improvement in the US economy and central bank policies push traders to seek higher risk assets. Asian shares climbed as investors cheered the upbeat U.S. labor force report which sent Wall Street to an all-time closing high last week. European stocks close off their lows Monday, after hitting five-year highs last week, amid hopes for further...
May 01, 2013| FX Empire Analyst - Barry Norman
Currency Markets Play The Central Bank Guessing Game
This morning currency and precious metals traders are all dug in based on their expectations from the US Federal Open Market Committee, the committee that sets interest rates and monetary policy for the US Federal Reserve. Their two day meeting will conclude later today with a simple rate decision and statement. Earlier in April speculators were wondering if the Fed at this meeting would reduce or terminate their asset purchase plan. Most Fed watchers were betting that the Fed would...
April 26, 2013| FX Empire Analyst - Barry Norman
The Japanese Yen Waits On The Bank Of Japan Decision & Outlook
Traders this morning are eagerly awaiting the conclusion and the release of the Bank of Japan’s outlook report which might see the yen break the 100 level. Traders have been reluctant to break the all-important resistance level. Data released this morning showed that consumer prices have not increased but in fact have declined as the BoJ injects huge monetary stimulus into the economy to move from the 20 deflationary period to meet its 2% target. The bank and the government...
April 23, 2013| FX Empire Analyst - Barry Norman
Currency Markets React To Lackluster Chinese PMI Data
This morning currency markets have been slow to react to disappointing data from China once again. The HSBC PMI manufacturing index printed at 50.50 against a forecast of 51.40. Even though the 50.50 shows expansion, it is well below the estimate showing a slowdown in the manufacturing sector and giving thought to the idea that the Chinese recovery is not as strong as first thought to be. On Monday, markets were devoid of data through most of the day, until...
April 15, 2013| FX Empire Analyst - Barry Norman
China Upsets Global Currency Markets
Chinese data has upset the apple-cart this morning. In the Asian session, crude oil was continuing to decline, natural gas climbed and precious metals and industrial metals were trading in the red after more lackluster data in the US on Friday as retail sales printed below forecast. Data showed that U.S. retail sales fell 0.4 percent in March, suggesting the economy may have faltered at the end of the first quarter. Analysts say the pace of the dollar's upward progress against the yen will...
April 11, 2013| FX Empire Analyst - Barry Norman
FOMC Minutes Release and The US Budget Make For Strange Trading Day
Traders remained positive yesterday shifting from currencies to equities but the day’s trading seemed lackluster and without conviction or excitement. The S&P and Dow both reach record highs with little enthusiasm. Traders seem not to have paid much attention to the President’s budget, announced yesterday, granted it was an 1100 page document which might take some time to sort through, but generally speaking advocated more ‘discretionary’ spending than perhaps might have been expected, alongside a mix of tax hikes and...
April 09, 2013| FX Empire Analyst - Barry Norman
The JPY Plunges On BOJ Bond Purchases Trading Suspended In Tokyo
This morning the euro continued to climb trading at 1.3060 up by 52 pips, as traders seem to ignore problems in Portugal, after the Prime Minister assured the troika that the country would find budget cuts to meet the demands by the IMF, EU and ECB after the courts ruled some of the austerity measures to be illegal. German industrial production figures, showing a slightly better-than-expected 0.5 per cent monthly rise in February, provided a glimmer of hope that the...
April 04, 2013| FX Empire Analyst - Barry Norman
Triple Bank Day – BoJ-BoE-ECB
International Monetary Fund will contribute about 1bn euros as part of a rescue program for Cyprus that aims to stabilize the nation’s banks and reduce public spending, IMF Managing Director Christine Lagarde said. The US dollar declined against major rivals, as ADP private payroll and ISM non-manufacturing data missed expectations, casting a gloomy shadow over Friday’s jobs report. The dollar index traded at 82.712, slightly lower than its level on late Tuesday. European shares closed lower on Wednesday, shadowing losses...
April 03, 2013| FX Empire Analyst - Barry Norman
Global Currencies Wait For Central Bank Decisions
The euro ended on a weak note on Tuesday, losing 0.16%, leaving it at 1.2821 while the European market ended higher, and gaining around 1.90% on the back of a record euro-zone unemployment printing at 12%. While PMI data in the eurozone countries and the eurozone itself fell below forecast, except for Germany all countries reported under expectations, weighing heavily on the currency. The euro continued to tumble this morning to trade at 1.2804 down by .11%. Italian and Spanish...
April 02, 2013| FX Empire Analyst - Barry Norman
Currency News From Around The Globe
The Japanese yen rose against the dollar on Monday, while the greenback extended losses against its major rivals after data showed an unexpected decline in a US manufacturing gauge. The dollar index, slipped to 82.744 on Monday afternoon from 82.998 on Friday. The dollar fell against the yen and euro in Asian trade Tuesday after weaker-than-expected US manufacturing data sparked renewed fears about the state of the world's biggest economy. Worries over bailed-out Cyprus and a political stalemate in Italy also pressured the euro as currency markets look to...
April 01, 2013| FX Empire Analyst - Barry Norman
Global Currencies React To Chinese PMI & Japanese Tankan Results
Global markets are slowly reopening with Europe remaining closed today for the extended Easter holiday. Most global exchanges were shuttered on Friday for the Good Friday holiday. There was little volume on Friday and very little news flow over the weekend. This morning the release of Chinese and Japanese data are weighing on the marketplace. Chinese PMI data reported under expectations but remained in an expansionary mode. Asian stocks fell, led by Japanese shares, after a central bank survey of...
April 01, 2013| FX Empire Analyst - Barry Norman
April Kicks Off With An Exciting Week Of Eco Events
As April begins with a strange opening to the month as Good Friday closed markets on March 29th , then came the weekend with the Easter holiday which led into the first trading day of the month, with many exchanges closed for the extended holiday. April 2nd will see the first full day of trading. Most of Europe will remain shuttered today with Asian markets and US markets opening to low volume. The week though was kicked off with Chinese...
March 21, 2013| FX Empire Analyst - Barry Norman
Global Currency Markets Look At Economic Data
This week, the Cypriot bailout and bank levy have been the headline event as global Forex markets reacted to the surprise bailout agreement and the ongoing rebate and rejection of the EU bailout. Traders headed for safety, pushing the US dollar up and seeing the euro fall to recent lows. Gold advanced a bit on safe trading. By late in the day, traders lost interest in Cyprus and turned their focus on the US FOMC rate and policy decision. The Fed decision...
March 20, 2013| FX Empire Analyst - Barry Norman
The US Dollar Strong Ahead Of The FOMC & Fundamental Data
Currency markets remain in turmoil this morning as the EU financial crisis seems to be resurfacing worse than expected. Cyrus was just the small crack in the mirror but allowed the mirror to completely break. Global traders are now stressed over the implications of the Cyprus vote to reject the bank tax and the EU bailout but are more worried about the loss of trust in the eurozone banking system, as depositors no longer feel that their savings are safe...
March 18, 2013| FX Empire Analyst - Barry Norman
Cyprus Bailout Sends Traders Into Risk Aversion Mode
Eurozone leaders, international bankers and Cyprus agreed a bailout deal worth 10bn euros for the Mediterranean island early on Saturday. Under the emergency lending program, Cyprus agreed to increase its nominal corporate tax rate by 2.5% to 12.5% and institute a bank levy against all depositors. In a surprising departure from standard terms and conditions, the loan package foresees a one-time levy on the money held in bank accounts in Cyprus. Analysts have warned that making depositors take a hit...
March 14, 2013| FX Empire Analyst - Barry Norman
Thursday, March 14th Forex Fundamentals
Wall Street moved modestly higher yesterday after recovering from an early move on the downside. The Dow closed slightly higher, recording its first nine-day winning streak since November of 1996 and setting another new closing record high. Before the start of trading, the Commerce Department released a report showing a strong jump in retail sales in February, although the increase was largely due to higher gas prices. Most of the European markets were down on Wednesday. The currency markets were...
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