AUDUSD Forecast May 3, 2016, Technical Analysis
The AUDUSD pair rose during the course of the session on Monday, as we continue to find buyers every time this market pulls down.
Commodities
China Top Coal Producer Reports Less Profits in Q1
China Shenhua Energy Company Limited, the nation’s top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (734 million U.S. dollars) in the first quarter of 2016.
Oil Prices Continue To Tip Toe Higher
For longer term traders and investors in oil, as we come to the end of another month with the latest weekly oil inventories now posted, it is once again the weekly and monthly charts that provide insight and context for the future trends.
AUDUSD Forecast April 27, 2016, Technical Analysis
The AUDUSD pair tried to rally during the day on Tuesday, but failed to hang onto about half of the gains.
AUDUSD Forecast April 21, 2016, Technical Analysis
The AUDUSD pair rose during the day on Wednesday, but struggled as we broke above the top of the shooting star from Tuesday.
China’s Economy Expands 6.7% In Q1 Signalling Stablization
China’s economy grew by 6.7 percent year on year in the first quarter of 2016 to reach 15.9 trillion yuan (US$2.4 trillion), according to the latest data released by the National Bureau of Statistics (NBC) on Friday.
China’s March Consumer Prices Up 2.3%
China’s (FXI, quote) consumer prices grew 2.3 percent in March year on year, the same as in February, according to the data issued by the National Bureau of Statistics Monday.
AUD/USD Forecast April 7, 2016, Technical Analysis
The AUDUSD pair initially fell on Wednesday but found enough support just above the 0.75 level again to bounce.
Australia To Bring ‘Largest Ever Trade Mission’ To China
Representatives from more than 1,000 Australian businesses will be part of Australia’s “largest ever trade mission” to China this month, following the signing of the China-Australia Free Trade Agreement (ChAFTA).
AUD/USD Forecast March 30, 2016, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.75 level for support. We believe that the support extends all the way down to the 0.74 level, and with that being the case it’s very difficult to imagine a scenario in which this pair should be sold, leased as long as we stay above the 0.74 level.