AUD/NZD slipped beneath an upward sloping trend-line stretched since late-March after Australia’s headline inflation numbers disappointed Aussie buyers.
The Australian dollar is fast losing altitude in response to the weaker-than-expected Australian first quarter consumer price index released at 01:30
AUD/USD drops to 0.7050 just after quarterly inflation data from Australia shook Aussie during early Wednesday.
Following the above-forecasts Australia's Q4 2019 CPI readings, today's inflation figures for the Q1 showed a bleak picture, with the headline figures
Australia Consumer Price Index (YoY) came in at 1.3%, below expectations (1.5%) in 1Q
Australia RBA Trimmed Mean CPI (YoY) came in at 1.6% below forecasts (1.7%) in 1Q
Australia Consumer Price Index (QoQ) below forecasts (0.2%) in 1Q: Actual (0%)
Australia RBA Trimmed Mean CPI (QoQ) below expectations (0.4%) in 1Q: Actual (0.3%)
The People's Bank of China (PBOC) set the yuan reference rate at 6.7205 vs the previous day's fix of 6.7082.
The White House published a statement last minutes, citing that the US Trade Representative (USTR) Lighthizer and Treasury Secretary Mnuchin are likel
The People's Bank of China (PBOC) has injected ¥267 billion via one year targeted medium term lending facility (TMLF) with an aim to boost lending to
EUR/JPY dropped below four-week-old ascending trend-line on Tuesday and on the decline since then, indicating brighter chances of flashing 125.00 – 124.95 area.
Daily chart Trend: Bearish Pivot points R3 146.42 R2 146.03 R1 145.37 PP 144.97 S1 144.32 S2 143.92 S3 143.26 Updated Apr 23, 00:00 GMT
The USD/JPY pair trades little changed to 111.80 as Tokyo opens on Wednesday.
Early on Wednesday at 00:30 GMT will see 2019's first quarter inflation data dump for the Australian economy, and the headline CPI.
AUD/JPY struggles around the two-week low of 79.30 during early Wednesday ahead of AU inflation data.
Recent pullback of the GBP/USD pair to 1.2930 can’t speak in favor of the bulls as the Cable continues to remain under 1.2970/60 confluence.
Bloomberg came out with a story mentioning that Venezuela, holder of the world’s largest oil reserves, imported crude for the first time in last five years.
On Tuesday, investors preferred the USD and oil among other avenues while equities also surged. However, the CAD became the biggest loser among G10 currencies.
The Guardian came out with a news report during early Wednesday that the opposition Labour party says Theresa May is unwilling to offer key Brexit concessions.
AUD/USD is taking the rounds of 0.7100 during the early Asian session on Wednesday ahead of the key inflation data.
The NZD/USD pair is still struggling around 0.6655, the least since January 03, at the start of the Asian session on Wednesday.
Oil daily chart WTI is trading in a bull trend above its main simple moving averages (SMAs). Oil 4-hour chart Crude oil WTI bulls keep the buying pres