The AUD faces pressure while the USD reclaims safe-haven demand.  The RBA’s cautious monetary stance and diverging Fed policy expectations maintain a downside bias. Traders are looking ahead to the upcoming Initial Jobless Claims and RBA meeting minutes for policy cues.  The AUD/USD weekly forecast suggests the pair was weighed down amid cautious market sentiments...

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The AUD/USD weekly forecast points to a more dovish Fed and a more cautious RBA. Fed policymakers took on a more dovish tone. Inflation in Australia jumped by 2.8%. The AUD/USD weekly forecast points to a more dovish Fed and a more cautious RBA, which is supporting the Aussie.   Ups and downs of AUD/USD  The...

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The AUD/USD weekly forecast points to a likely RBA rate cut on Tuesday. Markets interpreted Trump’s Fed replacement as dovish. US unemployment claims rose, fueling concerns about the labor market.  The AUD/USD weekly forecast points to a likely RBA rate cut on Tuesday that could drag the Australian dollar lower. Ups and downs of AUD/USD ...

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The AUD/USD weekly forecast indicates some bearish sentiment. Risk sentiment was poor following the passage of Trump’s tax-cut bill through the US Senate. The US economy added 147,000 jobs in June, above the forecast of 111,000. The AUD/USD weekly forecast indicates some bearish sentiment as market participants prepare for an RBA rate cut. Ups and...

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The AUD/USD weekly forecast shows upside potential as the dollar loses ground. Moody’s downgraded the US government’s credit rating on Monday. The RBA lowered interest rates and signaled more to come.  The AUD/USD weekly forecast shows upside potential as the dollar loses ground on US fiscal health concerns. Ups and downs of AUD/USD The AUD/USD...

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The AUD/USD weekly forecast points south as market participants bet on an RBA rate cut. Data during the week revealed stronger wage growth in Australia in Q1. The dollar had a strong week on lingering optimism over the US-China trade truce. The AUD/USD weekly forecast points south as market participants bet on an RBA rate...

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The AUD/USD weekly forecast shows rising dollar demand. The Fed kept rates unchanged as expected. A trade deal between the US and the UK eased trade war fears. The AUD/USD weekly forecast shows rising dollar demand as market participants hope for a US-China trade deal. Ups and downs of AUD/USD  The AUD/USD pair had a...

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The AUD/USD weekly forecast points north as the Aussie gains on trade deal hopes. Economists expect Australia’s inflation to accelerate by 0.8%. Next week, traders will focus on the NFP report. The AUD/USD weekly forecast points north as the Aussie gains on hopes of a US-China trade negotiation.  Ups and downs of AUD/USD The AUD/USD...

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The AUD/USD weekly forecast shows dark clouds gathering over China’s economy. Trump imposed over 10% tariffs on all imports to the US. Data showed stronger job growth and higher unemployment in the US. The AUD/USD weekly forecast shows dark clouds gathering over China’s economy, putting pressure on the Aussie. Ups and downs of AUD/USD The...

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The AUD/USD weekly forecast shows continued strength in Australia’s labor market. The Reserve Bank of Australia implemented its first rate cut this week. Data revealed a sharp decline in business activity in the US service sector. This AUD/USD weekly forecast highlights the significant impact of Australia’s strong labor market on the appreciation of the Australian...

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