The Australian dollar rose to a two week high after inflation, prompting markets to reduce the chances of a possible interest rate cut later this year.
The Australian dollar is pushing higher against the world’s reserve currency after last year enduring its sharpest losses since the mid 1980s, according to Bloomberg.
The Australian dollar edged down on Tuesday against the world’s reserve currency, falling from the seven-month high that it touched on Monday, according to The Australian.
South Pacific currencies pushed higher on Monday after a private report noted the economy of China demonstrated its top growth in six months, Reuters reports.
Questions about the near-term about the economy of Australia prompted the Aussie to slip in value on Tuesday as the Aussie endured its biggest losses in about two weeks against the world’s reserve currency, according to Bloomberg.
The Australian dollar will drive higher as the year continues thanks to economy-spurring stimulus measures that the European Central Bank implements, a currency strategist at a prominent bank told Bloomberg as the trade week came to a close.
Good Morning— Happy Friday. I hope everyone had a great week, lets finish it up on a high note and get involved in the weekend. We have a few positions on and there are a few that I want to bring to your attention. So lets get crackin’… In the Indices and Financials: With yesterday’s… Read more.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook, published on June 03, 2014. Good Morning– Before we begin, the CHART WATCH! webinar this week is locked and loaded! We will be going over some consolidation reversal type trades so I hope you can all make it! The turnouts have been amazing and… Read more.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook, published on May 30, 2014. Good Morning– We have some new readers this morning who are currently Cullen Outlook subscribers but may have not been getting these Pre-Dawn Updates previously. To those, I say Welcome! (reply to this email if you have… Read more.