AUDUSD

European Open Preview – UK GDP and US durable goods due with geopolitics back in the spotlight

Posted on May 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is nearly 0.2% higher on Friday, ahead of a speech by Fed Chairman Jerome Powell. The index pulled back a little yesterday, mirroring a similar dip in longer-term US Treasury yields. STOCKS: US markets closed lower on Thursday, as news that President Trump had cancelled his summit with North Korea weighed on risk sentiment. The [..]

European Open Preview – Dollar advance halted by Fed signals; UK retail sales and ECB minutes in focus

Posted on May 24, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Thursday, after the Fed minutes downplayed expectations for three more rate increases this year. Note though, that the index touched its highest level for 2018 yesterday, before the minutes triggered a pullback. The yen continued to advance, while both the euro and sterling retreated following soft economic data. STOCKS: Wall Street closed higher yesterday despite signals from the White House that more tariffs [..]

US Open Preview – Data misses push euro, pound lower; FOMC meeting minutes ahead

Posted on May 23, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The spur from optimism in US-China trade talk was weakened quickly today and the markets are trading lower. The Japanese yen surged broadly today and was trading as the strongest one against major currencies. Dollar/yen plunged by 1.12%, slipping below the 110.00 handle ahead of the FOMC minutes later in the day. However, the US dollar index moved higher by 0.27%, approaching again the 5-month high of 93.94. The Euro edged sharply lower by 1.58% versus the [..]

European Open Preview – Trump’s trade remarks sap risk appetite; EZ PMIs, UK CPI and Fed minutes on the horizon

Posted on May 23, 2018 at 7:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.1% higher on Wednesday ahead of the release of the minutes from the May Fed meeting, building on the modest gains it posted yesterday. Meanwhile, the Japanese yen rebounded yesterday and is on the front foot today, advancing 0.5% against the dollar and 0.6% versus the euro, as some “pessimistic” comments from US President Trump on trade dispelled expectations that the recent negotiations had borne fruit. STOCKS: [..]

Technical Analysis – AUDUSD erases upward rally; could weaken further in short-term

Posted on May 23, 2018 at 6:43 am GMT

AUDUSD ended Tuesday’s session in the red after an aggressive bullish rally as it found strong resistance at the 0.7600 handle and at the 23.6% Fibonacci retracement level of the downleg from 0.8135 to 0.7410, around 0.7580. The price challenged a new one-month high of 0.7604 and approached the 40-day simple moving average (SMA). The negative bias in the near term is supported by the deterioration in the momentum indicators. The %K line of the stochastic oscillator has fallen before [..]

US Open Preview – Pound gains on BoE rate hike comments

Posted on May 22, 2018 at 11:53 am GMT

Here are the latest developments in global markets: FOREX: The US dollar eased from the 5-month high of 111.39 against the Japanese yen (-0.10%) reached on Monday on the back of rising US Treasury yields and easing US-China trade tensions. The US dollar index was on the back foot as well, losing 0.34% after a touch at 94.05, the highest level marked since December. Pound/dollar rallied initially towards 1.3454 finding support from comments made by Bank of England policymaker Gertjan Vlieghe who [..]

European Open Preview – Dollar index stalls after touching new 2018 highs; BoE testimonies in focus

Posted on May 22, 2018 at 8:08 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the greenback’s performance against a basket of six major currencies, is trading practically unchanged on Tuesday. It briefly touched its highest levels for 2018 on Monday as trade frictions between the US and China were perceived to be diminishing, though it later gave back all its gains to end the day nearly flat. The euro remains on the back foot overall, as the political situation [..]

US Open Preview – Euro falls down the stairs amid political risks

Posted on May 21, 2018 at 11:32 am GMT

Here are the latest developments in global markets: FOREX: The US dollar advanced considerably versus the Japanese yen on Monday (+0.46%) after the US Treasury Secretary Steven Mnuchin said on Sunday that the US trade war with China is “on hold”. Dollar/yen created a fresh 4-month high at 111.38, while the US dollar index added 0.31% to its performance, creating a 5-month high at 94.05. Pound/dollar plunged to a 5-month low of 1.3394 (-0.46%) ahead of key data this week which [..]

European Open Preview – Risk appetite boosted as US and China call ceasefire in trade war

Posted on May 21, 2018 at 8:17 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was 0.3% higher on Monday, touching a fresh high for 2018. Meanwhile, the safe-haven Japanese yen continued to lose ground, weighed on by signs that trade tensions between the US and China are easing. STOCKS: Wall Street closed lower on Friday, for the most part. While the S&P 500 and the Nasdaq Composite [..]

European Open Preview – Trade talks back in the limelight; Canadian inflation data ahead

Posted on May 18, 2018 at 8:04 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower today, but by less than 0.1%, giving back some of the gains it posted yesterday. The yen is on the back foot too, declining more than 0.2% against the euro and 0.05% versus the dollar, following disappointing inflation data out of Japan overnight. STOCKS: US markets closed in the red on Thursday, weighed on by some remarks from US President Trump that he doubts the [..]

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