#Aussie#

The Aussie Dollar (AUD) is struggling against the US Dollar (USD) ahead of the US CPI data release, expected to show a slight inflation rise. A strong inflation print could boost the USD, reducing the chances of a Fed rate cut. The RBA also kept rates unchanged at 4.35%, adding pressure to the AUD.

Australia will on Wednesday see Q1 numbers for construction work completed, highlighting a light day for Asia-Pacific economic activity. Work is expected to sink 1.5 percent on quarter after falling 3.0 percent in the three months prior. China will release April figures for industrial profits; in Ma

The federal government debt has jumped to nearly 25% of gross domestic product (GDP), courtesy of the significant surge in the increased welfare payments amid the coronavirus crisis, the Australian Treasurer Josh Frydenberg said at a news briefing in Canberra on Friday. Additional comments “Governme

Australia's consumer price inflation dropped to a three-year low in August, thanks to government electricity rebates and a decrease in petrol prices. The annual CPI rose by 2.7%, down from 3.5% in July, matching market expectations. Core inflation, measured by the trimmed mean, fell to 3.4% from 3.8

According to the Preliminary August Trade Balance data published by the Australian Bureau of Statistics (ABS) on Friday, “while both exports and imports declined in August 2020 a goods trade surplus of $4,294m (original, current price, merchandise trade basis) has been recorded”. Key details “Export

National Australia Bank business survey Business conditions 0  -6 in August the low for this was -34 in April  long-run average is +6 rise for all 3 submeasures in September, both trading and profitability into positive territory  employment sub-component still negative Business confidence -4 

AUD/USD has been on the back foot after Melbourne was put under a strict six-week lockdown after COVID-19 cases. Victoria's decision to shutter Australia's second-largest city finds Aussie/USD in a vulnerable spot on the graphs. The Technical Confluences Indicator is showing that AUD/USD has weak su

AUD/JPY keeps losses after key data releases in Australia and China.  Australia's trade surplus narrowed more than expected in July.  China's Caixin Services PMI for August bettered estimates by a big margin.  AUD/JPY is trading in the red near 77.80 following the release of Australia's trade data

The Australian Industry Group Performance of Construction Index with a good size jump in the month But still in contraction.   New orders and activity both up,  +10.6 to 45.7 and +11.3 to 42.4 respectively

Dollar is staying under pressure as traders are back from holidays. Risk sentiment is relatively steady with new global coronavirus cases and deaths starting to trend down. The improvements are particularly evident in Spain and Italy since the start of April. There is also hope that the worst is ove

ASX 200 Index moving towards a key resistance target. Upbeat projections in the face of COVID-19 lockdown easing from the RBA supporting risk appetite.  Australian shares have been rising on Friday, with a slight setback ahead of the Reserve Bank of Australia's quarterly Statement on Monetary Poli