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AUD/USD Price Forecast: Holds above 0.7150 on soft USD; Fed/Iran risks curb upside
The AUD/USD pair attracts some buyers in the vicinity of mid-0.7100s at the start of a new week, stalling Friday's retracement slide from its highest level since mid-May. Spot prices, however, lack bullish conviction and remain below the 0.7200 mark through the Asian session.
Japan Construction Orders (YoY) declined to -13.4% in July from previous 2.3%
Japan Construction Orders (YoY) declined to -13.4% in July from previous 2.3%
Japan Housing Starts (YoY) registered at 8.2% above expectations (7.9%) in July
Japan Housing Starts (YoY) registered at 8.2% above expectations (7.9%) in July
AUD/JPY Price Forecast: Declines to near 114.50, but maintains bullish tone above 100-day SMA
The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday.
Swiss Franc gains as US Dollar weakens despite Fed Chair Warsh’s hawkish remarks
USD/CHF holds losses after registering modest gains in the previous day, trading around 0.8090 during the Asian hours on Monday. The currency pair edges lower as the US Dollar (USD) weakens following comments from Goldman Sachs chief economist Jan Hatzius.
United States: Labour market watch – NBC Economics and Strategy
NBC Economics and Strategy report that U.S. nominal personal income rose 0.4% in July, double expectations, while spending increased 0.2% and real disposable income climbed 0.4% with flat real spending.
Australian Dollar eases from July 9 high vs New Zealand Dollar; awaits Aussie GDP and RBNZ
The AUD/NZD cross turns positive for the fourth straight day following an intraday fall to the 1.2065 area and climbs to a fresh high since July 9 during the Asian session on Monday.
British Pound bounces off over one-week low vs soft USD; upside potential seems limited
The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday's heavy losses to over a one-week trough.
New Zealand Dollar inches higher as China’s Manufacturing PMI ticks up in August
NZD/USD remains subdued for the second successive day, trading around 0.5910 during the Asian hours on Monday. However, the NZD/USD pair pares some of its daily losses as the New Zealand Dollar receives minor support following the release of China's NBS Purchasing Managers' Index (PMI) data.
Australian Dollar moves little following China’s NBS PMI data
AUD/USD edges higher after opening at a bearish gap, remaining in the negative territory and trading around 0.7160 during the Asian hours on Monday.
Australia Private Sector Credit (YoY) declined to 8.4% in July from previous 8.5%
Australia Private Sector Credit (YoY) declined to 8.4% in July from previous 8.5%
China's NBS Manufacturing PMI climbs to 49.8 in August, Non-Manufacturing PMI steadies at 49.0Â Â
China’s Manufacturing Purchasing Managers' Index (PMI) rose to 49.8 in August, compared to 49.2 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Monday. The reading came in above the market consensus of 49.7 in the reported month.Â
Australia Private Sector Credit (MoM) came in at 0.6% below forecasts (0.7%) in July
Australia Private Sector Credit (MoM) came in at 0.6% below forecasts (0.7%) in July