[vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_single_image image=”23233″ img_size=”full” alignment=”center” onclick=”zoom” qode_css_animation=””][vc_empty_space height=”25px”][vc_column_text]
AUD
Fundamental Analysis
(1st Mar): The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 49.9 for February. Although it beats market expectation of 48.5, and rose from last month’s 48.3, it is still below 50, signaling contraction. Earlier Thursday, the official PMI number dropped to 49.2 from 49.5 in January, hitting a three-year low. The mixed number is not helping lift AUD up. Yet, the good news of the “fantastic progress” is boosting the commodity currencies up including AUD.
Next Tuesday, the Reserve Bank of Australia (RBA) is likely to keep the official cash rate (OCR) on hold at its next meeting as Governor Philip Lowe informs Parliament that ‘the probability that the next move is up and the probability that it is down are more evenly balanced than they were six months ago,’ and the weakening outlook for global growth may encourage the central bank to endorse a wait-and-see approach throughout the first-half of the year. The currency is still lacking a valid support .
(28th Feb): The Australian Dollar is trading flat-to-slightly higher on Thursday, following yesterday’s steep sell-off. Keeping a lid on prices is renewed uncertainty about U.S.-China trade negotiations. These concerns were raised on Wednesday after comments by U.S. Trade Representative Lighthizer dimmed positive expectations about a near-term trade deal between the U.S. and China.
(27th Feb): AUDUSD halts 3-day rally at 0.7187, dragged down by sales against the Kiwi and poor construction data.The 4Q construction work done fell 3.1% q/q vs est. of 0.5% increase. Aussie bonds were pushed up after the weak data with yield on a 3-year notes down 2bps to 1.633. The data poses a downside risk to 4Q GDP, which is much larger than RBA’s forecast of a smaller 0.9% drop. The risk-off sentiment is not helping AUD either.
(26th Feb): The pair trimmed majority of its previous-day gains as risk-off sentiment returned to markets. Investors now await the beginning of the Fed Chair’s two-day testimony together with further clarification on the US-China trade deal in order to determine near-term trade direction.
(25th Feb): With the brighter chances of a trade deal between the world’s two largest economies, strain to China’s economic data due to trade protectionism is likely to ease. As a result, world’s largest industrial player and Australia’s biggest customer may regain its traction lost recently and the same can be positive for the commodity basket and the Australian Dollar (AUD) as well.
Technical Analysis
[/vc_column_text][vc_empty_space height=”15px”][vc_single_image image=”23234″ img_size=”full” add_caption=”yes” alignment=”center” onclick=”zoom” qode_css_animation=””][vc_empty_space height=”25px”][vc_column_text]
USD
[blur]
Fundamental Analysis
(1st Mar): Following Thursday’s not-so-bad GDP numbers that beat estimates, further evidence of a healthy US economy may put the Federal Reserve back in the hot seat over… [/blur][/vc_column_text][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_empty_space height=”35px”][vc_row_inner row_type=”row” type=”full_width” use_row_as_full_screen_section_slide=”no” text_align=”left” css_animation=””][vc_column_inner width=”1/5″][/vc_column_inner][vc_column_inner width=”3/5″][vc_separator type=”normal” color=”#b70909″ border_style=””][/vc_column_inner][vc_column_inner width=”1/5″][/vc_column_inner][/vc_row_inner][vc_empty_space height=”35px”][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column width=”1/5″][/vc_column][vc_column width=”3/5″][kswr_heading head_align=”center” head_subtitle_color=”#333333″ head_title=”ACCESS RESTRICTED” head_title_fsize=”font-size:23px;line-height:2;” head_title_fstyle=”font-family:Inherit;font-weight:700;” head_subtitle_fsize=”font-size:17px;line-height:1.5;” head_subtitle_fstyle=”font-family:Inherit;font-weight:inherit;” head_title_margins=”margin-top:0px;margin-bottom:0px;” head_subtitle_margins=”margin-top:0px;margin-bottom:0px;”]Our comprehensive daily reports covers both technical and fundamental analysis, and are customised to your requirements.
To get access to our full report, fill in the form below below:[/kswr_heading][/vc_column][vc_column width=”1/5″][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_empty_space height=”45px”][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column width=”1/2″][kswr_button btn_link=”url:https%3A%2F%2Feverestfortunegroup.com%2Freport%2F|||” btn_txt=”I want to distribute this report to my clients” btn_default_style=”1″ btn_full_width=”true”][/vc_column][vc_column width=”1/2″][kswr_modalanything mdlany_trigger_type=”button” mdlany_modalw=”750″ mdlany_modalh=”400″ mdlany_background=”#ffffff” mdlany_close_color=”#eeeeee” mdlany_close_bg=”#111111″ mdlany_paddings=”padding-top:20;padding-bottom:20;padding-left:20;padding-right:20;” mdlany_tgr_imagemargin=”margin-top:0px;margin-bottom:0px;” mdlany_btn_default_style=”1″ mdlany_btn_full_width=”true” mdlany_btn_txt=”I want this report for my own trading”][vc_column_text css=”.vc_custom_1550028067202{margin-top: 80px !important;margin-right: 70px !important;margin-bottom: 50px !important;margin-left: 70px !important;}”]
Our comprehensive daily reports cover a wide range of Forex majors, Metals, Indices and Cryptocurrencies.
We will be in touch shortly to customise a report based on your trading style & portfolio.
[/vc_column_text][/kswr_modalanything][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_empty_space height=”35px”][vc_empty_space height=”35px”][/vc_column][/vc_row]