-
AUD/USD – Bulls demoralized after Turnbull comments
Dovish comments from Australian PM Turnbull demoralized bulls, thus pushing AUD/USD back below 0.76 levels, although broad based USD weakness is restricting losses. Trades around 23.6% Fibo Despite the retreat from the high of 0.7614, the spot has managed to cling on to 0.7597 (23.6% of 0.6827-0.7835). PM Turnbull was on the wires stating the interest rates, despite being at record low of 1.5%, are still relatively elevated. The comments took wind out of bulls, however, sentiment around the US dollar is bearish and that is limiting the losses in the pair. The Chinese services PMI release failed to have any major ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 3, 2016 12:05am Aug 3, 2016 12:05am
- akatyk
- | Joined Jul 2016 | Status: Member | 5 Comments
- Comment #2
- Quote
- Aug 3, 2016 12:15am Aug 3, 2016 12:15am
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments | Online Now
IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
- Comment #3
- Quote
- Edited Aug 4, 2016 2:20am Aug 3, 2016 3:53pm | Edited Aug 4, 2016 2:20am
- Mingary
- Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments