EUR/USD 1.17972
0.129%
Gold 4786.78
-0.083%
Oil 87.577
-2.285%
USD/JPY 159.140
-0.001%
GBP/USD 1.35278
0.010%
GBP/JPY 215.286
0.021%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: The Romanian Prime Minister has vowed to remain in office regardless of the outcome of the party vote.A spokesperson for the European Commission stated that if the blockage in the Strait of Hormuz continues, the EU is prepared to take joint action on the issue of aviation fuel.On April 17th, it was reported that from April 15th to 16th, Li Yunze, Secretary of the Party Committee and Director of the State Financial Regulatory Commission, led a team to Guangdong Province for research. The team held discussions and exchanges on topics such as high-quality development of financial services, strengthening central-local government coordination, and promoting reform and risk mitigation. They also visited relevant enterprises and research institutions, and extended their regards to grassroots cadres and staff. In Foshan, Li Yunze conducted on-site research at new research institutions and intelligent factories, learning about the progress in key core technologies such as new display equipment and the development of major equipment, and toured digital and intelligent production lines. He emphasized that financial institutions should closely follow the direction of industrial development, strengthen full-cycle financial service guarantees, and continuously increase support for technological innovation, advanced manufacturing, and the transformation and upgrading of traditional industries.Tissa Party leader Majol: Oil flow through the Friendship Pipeline may resume next week.April 17th - The Rules consist of eighteen articles. The first article outlines the basis for the rules. Articles two through seven, the "Recognition" section, clarify the connotations and specific circumstances of "transfer of securities," "transfer of securities during a restricted transfer period," and "transfer of stocks that does not comply with laws, administrative regulations, and the regulations of the securities regulatory authority under the State Council" as stipulated in Article 186 of the Securities Law, as well as the identification of illegal entities acting in concert. Articles eight through seventeen, the "Discretionary" section, differentiates four types, sets different levels of discretion, and provides an enumeration of circumstances for adjusting penalties. It also provides suggestive provisions regarding concurrent penalties and the application of the most severe penalty, the circumstances for adjustment, and market bans.

Price Analysis: AUD/USD Advances Toward 0.6740 Ahead Of PBoC's Decision

Alina Haynes

Apr 19, 2023 16:00

AUD:USD.png 

 

The AUD/USD pair strengthened to near 0.6740 after a gradual retracement. In light of the weakening U.S. dollar and the upward revision of China's growth rate forecast, the demand for Australian dollars was exceptional. The US Dollar Index (DXY) is exhibiting a dearth of volatility prior to the release of the Federal Reserve's (Fed) Beige Book.

 

The Australian Dollar remained active on Tuesday after the Reserve Bank of Australia (RBA) minutes were released. The RBA minutes revealed that policymakers actively debated a rate hike, but ultimately decided to maintain the current 3.6% rate. Philip Lowe, the governor of the Reserve Bank of Australia, stated that the central bank needs more time to compile information prior to taking action.

 

After a robust quarterly performance, forecasting agencies were enthusiastic about increasing their projections for China's Gross Domestic Product (GDP). In the future, the People's Bank of China's (PBOC) interest rate determination will be the primary event. Australia is China's greatest trading partner, and optimistic economic forecasts from China would benefit the Australian Dollar.

 

The AUD/USD exchange rate is exhibiting an Inverted Flag pattern on an hourly time frame. The Inverted Flag is a trend-following pattern that consists of a protracted consolidation followed by a decline. Participants prefer to enter an auction after a bearish bias has been established, and current vendors increase their position size during the consolidation phase of a chart pattern.

 

The 20-period Exponential Moving Average (EMA) is superimposed on the price of the asset at 0.6720, indicating lackluster performance.

 

Currently, the Relative Strength Index (RSI) (14) fluctuates between 40.00 and 60.00, indicating the absence of a possible trigger.

 

A future break above the March 22 high of 0.6759 will propel the asset toward the April 3 high of 0.6693. A breach above the latter would cause the asset to reach a new low on February 6 of 0.6855.

 

A breach of the April 10 low at 0.6620 would expose the Australian dollar to the March 10 low at 0.6564, followed by the round-number support at 0.6500, according to an alternative scenario.


Suggestion