9/13/2021 Big money has been moving out of Australia's currency for nearly a month now which has been the biggest drop in long contracts in this amount of time year-to-date. Australia's dollar index (AXY) is up 0.06% at 73.61 on the day after rebounding from the lows around 71.19. Our outlook Australia's economy has surprised […]

Let's look at the news event's we've got lining up this week... (AUD) RBA Rate Statement The Reserve Bank of Australia is expected to keep interest rates on hold at 0.10% this week at their Rate Statement. We may see some negative remarks considering the number of states placed back in lockdown over the past […]

8/30/2021 The buck has considerably struggled this year as the economy keeps lagging on government-issued lockdowns and economic pauses in already-slowing business throughout the country. However, Australia's most recent unemployment rate came out beating expectations by 0.4% despite the lockdown. Our outlook Tomorrow's GDP will cause some volatility for the AUD pairs, and this week's […]

8/20/2021 Australia's currency has declined a little over 10% since the beginning of March over various economic and fiscal factors. The country's reserve bank decided that they will not increase interest rates anytime soon as they are waiting for the economy to show some improvement with jobs and growth. Sydney's lockdown has also been extended […]

Let's look at the news event's we've got lining up this week... (USD) Retail Sales The USD Retail Sales Report is set for Tuesday which shows the total value of sales at a retail level. Consumer spending accounts for a majority of economic activity, and therefore when citizens spend, it is a sign that people […]

Hey everyone! Welcome to this week's forex forecast for the week ending August 20th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at EURUSD, GBPNZD, EURAUD & XAUUSD. EUR/USD A bearish flag pattern has formed on E/U after a descending channel has formed following an impulsive selloff in mid-June. Price has […]

7/30/2021 The Australian military was sent to enforce a lockdown in Sydney where residents are forced to stay inside for an extended period of time as cases spike. This quarantine period has been scrutinized because of their failure to contain the number of cases while people are inside. Our outlook: The fact Australia has to […]

Let's look at the news event's we've got lining up this week... (AUD) CPI The quarterly AUD Consumer Price Index (CPI) report is releasing on Wednesday, which measures the change in the average price basket of goods and services by consumers, which can be anything from food, transportation and medical care. Changes in the CPI […]

Hey everyone! Welcome to this week's forex forecast for the week ending July 30th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at USDJPY, EURAUD, NZDCHF & XAUUSD. USD/JPY Price has recently broken out of the ascending channel, and we've already seen a retest and the impulsive move to the downside. […]

7/22/2021 AUD More Bullish NZD Less Bullish Our outlook Although both currencies are affected by global events for the most part, the Aussie buck is probably a safer bet considering a few factors around it. First, the buck relies heavily on gold production and is dependent on it performance in the Australian economy. The kiwi […]