AUDUSD Day’s range: 0.73369 – 0.73821   AUDUSD recovered slowly throughout the session despite the concern around the growth in China and the spread of Delta Covid-19. AUD slipped slightly after the July Caixin Manufacturing PMI comes lower than expected (50.3 v. 51.1 exp.) as investors are worried about the global growth. AUDUSD slowly appreciated […]

AUDUSD Day’s Range: 0.73772 – 0.74101   The Dollar Index slipped as investors now expect the Federal Reserve would maintain its stimulus and continue to support the economy. Furthermore, investors move to riskier assets as China will still allow Chinses companies to list in the U.S.  The AUDUSD rallied into the close of the day

AUDUSD Day’s Range: 0.73233 – 0.73816   TheFederal Reserve indicated to investors that they are moving closer to assettapering, though Fed Chairman Powell indicates that there is still some way togo until the full labor market recovery. Powellsaid to a press conference on Wednesday that “We are not there, and we seeourselves as having some

AUDUSD Day’s Range: 0.73306 – 0.73906   AUDUSD was trading at a tight range, drifting lower throughout the day and touching a daily low of 0.73306.   It is a busy week of data in the foreign exchange market. There is a number of central bank rate decision, GDP inflation and employment report scheduled for