
The G20 summit took place in Bali, Indonesia, on November 2022…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
After February’s rally to the highs of 2018, the stronger US dollar pulled AUD/USD below the 0.77 level. The rapid vaccine distribution in the US and great fiscal and monetary stimulus are among the reasons why investors now turn their heads to the US currency. Still, major analysts anticipate the AUD getting back its strength in the third quarter of the year.
According to Westpac’s Chief Economist Bill Evans, the Australian dollar is significantly undervalued. Analyst and his team set the end-year target for the currency at 0.82! They expect a return to the “risk-on” investment approach in the second half of 2021. At the same time, global year-average growth is forecast to post around 6%, while the Australian economy is set to show an above-trend growth of 4.5% through 2021, up from the 1.1% contraction during 2020. These facts are in favor of the Australian dollar’s performance as well.
Another interesting observation by Westpac is connected with a correlation between the equity market and the AUD. Westpac points out that the bullish rally in the stock market plays a supportive role for the aussie.
All in all, AUD/USD looks attractive for buying on dips, than selling on the rallies, according to the bank. That is, we can expect the pair to return to the highs close to 0.8 in the third quarter of the year. This is a wonderful piece of news for the aussie bulls.
After several days of consolidation, here comes the sunny weather for the Australian dollar! The aussie broke above the descending trendline on Wednesday and strengthened towards 0.7780. If sellers try to pull the pair lower, it will return below the trendline and face the first obstacle that lies at the lower border of the recent consolidation range at 0.76. After the breakout of this level, sellers will face the next obstacle at 0.75.
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later