Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
ASX futures point to a softer open despite Wall Street gains led by tech giants like Nvidia and Amazon. While US indices rally on strong AI and digital tech momentum, local factors—China growth concerns, commodity price weakness, and the RBA’s stance on rates—keep Australian markets cautious. Investors watch closely as global and domestic forces diverge. (Courtesy: Sarah Turner, The Australian Financial Review)
ASX expected to open lower as gains in US tech stocks fail to lift broader market sentiment. Despite a strong rebound in Nasdaq and S&P 500 driven by tech giants, Australian shares weigh concerns over inflation, interest rates, and slower Chinese growth. Broader market uncertainty persists.
Australia’s share market looks set to open lower amid global volatility and softer commodity prices, even as US tech giants like Apple and Nvidia drive gains on Wall Street. Investors remain cautious ahead of key central bank decisions and mixed economic data from China and Europe.
AUD/USD recently attempted to break above a key swing resistance zone near 0.6675–0.6690 but failed to sustain momentum and pulled back below this level. The inability to close decisively above this technical barrier suggests seller strength and a potential consolidation or correction ahead. Watch short-term supports around 0.6640 and the 200-hour moving average for clues on the next directional move. Traders should monitor momentum indicators closely to gauge if a renewed breakout or deeper retracement is likely.
AUD/USD shows cautious recovery heading into September 8, 2025, after hitting multi-year lows earlier this year. Key resistance near 0.6500 limits upside, while support holds around 0.6360 and 0.6300. Watch for Fed and RBA monetary signals alongside commodity trends to guide next moves. A break above 0.6520 could target 0.6600, whereas a drop below 0.6300 may accelerate bearish pressure. Traders should consider this mixed outlook when positioning for the near term.
(Analysis adapted from Adam Lemon, DailyForex.com)
AUD/USD climbs as Australia posts stronger-than-expected Q1 GDP growth, easing recession fears and cooling market bets on RBA easing. At the same time, softer-than-forecast US jobs data and a slight uptick in unemployment raise doubts about US economic strength, fueling speculation of a more dovish Fed. Traders now weigh contrasting central bank outlooks in driving currency flows.
AUD/USD climbs as Australia’s Q1 GDP surpasses expectations, signaling resilience amid global challenges. Meanwhile, weaker US jobs data fuels speculation the Fed may ease soon. Diverging economic trends and central bank policies keep traders eyeing volatility ahead. #Forex #AUDUSD #GDP
The Australian Dollar is strengthening ahead of key Chinese trade data, reflecting optimism about China’s demand for Australian exports. With the US Dollar weakening and global risk sentiment improving, AUD/USD has gained momentum, positioning itself for potential further upside depending on China’s upcoming trade balance release.
When is China’s trade balance released? Typically within the first 5–10 days after month-end, the data shows the difference between exports and imports. Given Australia’s strong trade ties to China, shifts in China’s trade surplus or deficit often influence AUD/USD movements, reflecting changes in commodity demand and market sentiment. Stay tuned for the latest release to gauge potential currency impact.
ASX is expected to open lower today following OPEC’s surprise decision to increase oil output by over 500,000 barrels daily. This move pressures oil prices downward, impacting energy stocks and adding uncertainty to the market after mixed US data. Investors remain cautious as global supply and demand dynamics shift.
