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Share: Australian trade surplus contracted to 5022 million in November, as exports fell. Wall Street’s positive performance limited the AUD/USD bearish potential. AUD/USD has room to recover beyond its recent highs in the near-term. The AUD/USD pair pulled back from around 0.7800 to end Thursday in the 0.7750 price zone, pressured by the persistent greenback’s demand and mixed Australian data. The country published its November Trade Balance, which posted a surplus of 5022 million, worse than the 6200 million anticipated. Exports shrank from 4.4% in the previous month to 3%, while imports...

Share: Wall Street kept rallying and posted new all-time highs. The US is expected to have created just 71,000 new job’s positions in December. EUR/USD is stable below 1.2300, bearish potential limited. The American dollar extended its Wednesday’s gains against most major rivals, with EUR/USD falling to 1.2244, but pared gains during the US session. Wall Street kept running and reaching record highs, while US Treasury yields reached fresh multi-month highs. The market moved past US political turmoil and remained focused on hopes that immunization will revive economies in the second half o...

Share: US Durable Goods Orders rose by 0.9% in November, beating expectations. Noise around the US stimulus package kept investors in cautious mode. EUR/USD holds neutral around 1.2200, limited bearish scope. The dollar edged lower against its major rivals on the last full trading day of the week. The EUR/USD pair peaked at 1.2220 and settled just below the 1.2200 figure, holding within familiar levels throughout the day. The greenback seesawed between gains and losses as investors tried to digest the latest on the US stimulus program. After the US Congress passed a coronavirus-relief bill,...

Share: Australian trade surplus shrank to A$1,958 million in November. The positive tone of equities underpinned the AUD/USD. AUD/USD is bullish according to intraday charts, could run past 0.7640. The AUD/USD pair has edged higher this Wednesday, helped by persistent dollar’s weakness and the better tone of equities, amid hopes for a Brexit deal. The aussie advanced despite the Australian trade surplus came in at A$1,958 million, a drop from the previous month's A$7,456 million, according to November’s preliminary estimate. Imports were up by 11%, while exports increased by a modest 1%...

Share: Australian Retail Sales surged by 7% in November, according to preliminary estimates. The poor performance of equities weighed on the Australian dollar. AUD/USD pressured by the negative market’s sentiment, bearish in the near-term. The AUD/USD pair was unable to retake the 0.7600 threshold despite encouraging Australian data, ending the day in the red amid a persistent dismal mood. The Australian dollar found temporal support in local Retail Sales, as the preliminary estimate of the November reading came in at 7%, largely surpassing the previous 1.4%. The pair posted a daily low of ...