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AUD/USD: TECHNICAL AND FUNDAMENTAL ANALYSIS | AUSTRALIAN LONG 🔔Australian Consumer Inflation Expectations for May increased by 3.5% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for April, which increased by 3.2% annualized. The Australian Employment Change for April was reported at -30.6K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for March, reported at 77.0K. The Unemployment Rate for April was reported at 5.5%. Economists predicted a reading of 5.6%. Forex traders can compare this to the Unemployment Rate for March, reported at 5.7%. 33.8K Full-Time Positions were created, and 64.4K Part-Time Positions were lost, in April. Forex traders can compare this to the loss of 21.1K Full-Time Positions and the creation of 98.1K Part-Time Positions, reported in March. The Labor Force Participation Rate for April was reported at 66.0%. Economists predicted a reading of 66.3%. Forex traders can compare this to the Labor Force Participation Rate for March, reported at 66.3%. US Initial Jobless Claims for the week of May 15th are predicted at 450K, and US Continuing Claims for the week of May 8th are predicted at 3,640K. Forex traders can compare this to US Initial Jobless Claims for the week of May 8th, reported at 473K, and to US Continuing Claims for the week of May 1st, reported at 3,655K. The Philadelphia Fed Manufacturing Index for May is predicted at 43.0. Forex traders can compare this to the Philadelphia Fed Manufacturing Index for April, reported at 50.2. The forecast for the AUD/USD turned temporarily bullish. With risk-off sentiment on the rise and economic conditions deteriorating in the US, traders should prepare for more US Dollar weakness. Our Technical Analysis show the formation of HArmonic Gartley Pattern. Can bulls force the AUD/USD into its next horizontal resistance area?
Long
by FOREXN1
AUDCAD Possible Short SetupAUDCAD is resting in the previous support zone of 0.9518-0.9536. After breaking quickly through this zone by slightly over 60 pips, price slowly made its way back. The 4H chart shows a downward bias as the 20, 50, and 200 period MAs are crossing down. Furthermore, price is resting right at 20 period MA, a great place for a potential reversal downward. I was hoping for a super clean retest here where price bounces off the 50 period or 200 period MA right at my retest zone. However, it doesn't look like we're getting that. As such, I will be taking this trade with a 1% risk instead of my normal 2%. I will personally wait to enter this trade until I see a clear bearish reversal pattern on the 1H chart or some lower lows and lower highs on the 15m. Furthermore, the RBA will be releasing their Rate Statement and Chast Rate tonight at 12:30am Eastern. That makes this a risky entry. However, it is epxected that the cash rate will remain the same through 2023 or so. They may make some changes to QE and curve control, among other things. Ideally, we can get a clean entry before the RBA data is released. Patience is the name of the game, so I will be watching this pair for a solid entry.
Short
by MRobertsTrading
ASX:DUB - Company in blue sky zone...Bank Compliance needs....ASX:DUB - ( Dubber corporation ) Pretty interesting company to read - ASX listed Dubber Corporation - Recording for compliance Compliance Voice recording, which has been common in bank dealing rooms for decades, has become an important component of regulatory supervision across most aspects of banking. The Dubber business model is pretty straightforward. It sells a native cloud solution that is offered as a software-as-a-service. The product appeals to companies wanting to monitor conversations in call centres or for broader recording of staff conversations. That also reflect in stock price - stock hitting ATH...Added in watch list - seems long term story brewing here.. ASX:DUB
ASX:DUB
by Peaceful-Weekend-Investing
1
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF. Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc. Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
ASX:JRVLong
by AaronHynninen
4
AUD - FUNDAMENTAL DRIVERS1. Developments surrounding the global risk outlook: As a high-beta currency, AUD has benefited from the market's improving risk outlook over recent months as participants moved out of safe-havens and into riskier, higher-yielding assets. Also, as a pro-cyclical currency, the AUD enjoyed upside alongside other cyclical assets after moving into an early post-recession recovery phase with expectations of global synchronized recovery. Even though the risks remain surrounding the virus and thus global economic outlook, the success of the global vaccination roll out should prove supportive for the AUD. 2. The Monetary Policy outlook for the RBA: The RBA continues to rule out NIRP, and with the Cash Rate at a record low of 0.10%, further reductions appear unlikely. Further easing remains a possibility through QE and the bank has stressed its commitment to purchase as many bonds as necessary to reach and maintain their 3-year yield curve control target of 0.10%. The possibility of macroprudential policies to try and curb a very hot housing market is a possible risk. 3. The country’s economic and health developments: Australia’s successful handling of the pandemic is one of the reasons why the economy was able to see a stronger economic recovery than initially expected. On the economic front, China’s recovery remains robust, and as Australia’s biggest export destination (39.1% of total exports) their demand for Australian commodities has seen a surge in commodity prices, especially Iron (Australia’s biggest commodity export). As long as the virus remains under control, and China’s recovery and demand for commodities remains strong the outlook for the domestic economy remains positive.
by thunderpips
Twenty Seven Co. volume spike ($TSC)Twenty Seven Co. (TSC.AX) is a gold mining company based in Australia. A quick tour of their home page will tell you about their various projects, but at a high level and probably most imporantantly: They own a huge swath of greenstone in Western Australia as well as an actual gold mine which shut down in the 1980's when prices were suppressed. The company has recently come back with stellar results and now a JORC is about to land. This is a quick overview to point you toward a nice price spike incoming. Financial advice disclaimer in the signature. Good luck.
TLong
by CryptocurrencyWorkingGroup
AUD BULLISHAustralia's monetary policy outlook, developments surrounding the overall risk outlook and the country's domestic situation regarding the coronavirus are the primary drivers of AUD. As a high-beta currency, AUD has benefited from the market's improving risk outlook over recent months as participants moved out of safe-havens and into riskier, higher-yielding assets. Risks still remain, however, with regards to both the global economic outlook and the coronavirus outlook. Nevertheless, with many countries now rolling out vaccines programs, the outlook remains overall positive, a factor which should prove supportive for AUD. Regarding its monetary policy outlook, the RBA continues to rule out NIRP, and with the Cash Rate now at a record low of 0.10%, further reductions appear unlikely. However, further easing remains a possibility through quantitative easing and the central bank has stressed its commitment to purchase as many bonds as necessary to reach and maintain their 3-year yield curve control target of 0.10%.
by thunderpips
2
AUD/USD - BUYING POTENTIAL (MONEY REST ON BOTH SIDES)Technical Overview: - AUD/USD Check out our previous posted analysis Last week we anticipated a big move coming to the downside to potentially give us the opportunity to take shots on long positions. We had also marked out the sell zones where we could expect sell pressure to come in bringing us down, more specific taking out the liquidity resting above marked level. Currently price is on a bullish zone so the chances of seeing buying pressure now is not a surprise however we are not looking for buy opportunities in this zone because of liquidity resting below. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
by FlyDownX
9
Z1P - A closer look at the Falling Wedge !What will happen in the week ahead for Z1P ? My guess is as good as yours, although I am leaning slightly to Z1P validating a counter trendline break as the money rotation slows. The 0.618 retracement has been respected as resistance a number of times inside the falling wedge, as a result the $8.50 - $8.70 is worth watching closely. Additionally, Z1P at the longer time frame retracement (0.618) level is starting to get confluence in an oversold stoch, RSI, lower time frame MACD divergence as well which should act as strong support.
ASX:ZIPLong
by rutt