At the time of reporting, the currency has retained its strong footing and, in the European session, traded 0.24% up against the US dollar (USD) at 0.6534. Economists attributed this robust performance to the country’s Q1 Producer Price Index (PPI) data, which reflected a year-on-year growth of 4.3% and outstripped the predicted 2.6%. PPI for…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 15, 2019. AUD/USD AUD seems to be hanging by a thread as the pair stayed within a tight range overnight, currently trading at 0.6938. U.S. President Donald Trump insisted yesterday that trade talks with China had…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 14, 2019. AUD/USD The much-anticipated Chinese retaliation has released its plan to impose higher tariffs on $60 billion worth of U.S. goods, the finance ministry said on Monday, after the United States announced a tariff hike…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 13, 2019. AUD/USD Australian dollar, a proxy for Chinese economic prospects, hit a high of 0.7017 after news of a positive trade compromise surfaced, however closed under 0.7000. There is still significant caution in the markets…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 10, 2019. AUD/USD The AUD was relatively flat overnight, trading within a 20-25 pip range and will close around the 0.6990 mark. The longer the AUD pins itself below the key 0.7000 level the more likely…
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Australian regulator ASIC has reported on its latest review of the impact of high-frequency trading in the Australian equity and Australian-US dollar cross-rate markets. The review builds on ASIC's 2013 and 2015 analysis of high-frequency trading. Notable findings from the review, outlined in Report 597 High-frequency trading in Australian equities and the Australian–US dollar cross…
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Information giant Thomson Reuters (NYSE:TRI) announced that it is adding further foreign exchange (FX) pricing granularity for customers trading Australian Dollars (AUD) vs. U.S. Dollars (USD), creating greater accuracy in price quotes in AUD/USD on Thomson Reuters Spot Matching and across Thomson Reuters FX platforms. The change on Thomson Reuters Spot Matching will add an…
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