trade balance

  • Daily Wrap Up – 8 August

    8 Aug 2017 07:24 PM |

    The US dollar rose strongly during mid-day trading to reach its highest level since July 28 at 93.75, following the JOLTS Job Index, which rose to a record high by 461,000 in June, rising to 6.2 million.

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  • Daily Wrap Up – 3 August

    3 Aug 2017 08:07 PM |

    The Australian dollar erased yesterday's gains and fell significantly against the US dollar today, reaching its lowest level since July 26 at 0.7913, after the Australian trade surplus narrowed in June more than expected, with a surplus of only 856 A$ million. After breaking the ascending channel on the 4 hours chart, the AUDUSD is trying to re-test the broken bullish trend line and is expected with stabilizing below, it would be targeting the support level at 0.7873 then 0.7755.

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