AUDUSD

Technical Analysis – AUDUSD posts steep declines; ascending trend line penetrated

Posted on April 25, 2018 at 6:46 am GMT

AUDUSD recorded a stunning bearish rally over the last four trading days, penetrating the medium-term ascending trend line, which has been standing since January 2016. Also, the price posted a fresh more than 4-month low of 0.7569 during today’s early European session. The aggressive bearish correction started after the pullback on the 32-month high of 0.8135 and now the bias is turning to negative. The RSI is currently increasing negative momentum towards the oversold threshold of 30 after the sharp slip from the 50 [..]

US Open Preview – Euro holds weak; US consumer confidence in focus

Posted on April 24, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was consolidating around 91.00 in the early European afternoon, its highest level reached since mid of January despite 10-year US Treasury yields retreating further below the 3.0%. Easing geopolitical and trade tensions were also supportive to the greenback as safe-havens continued to lose attractiveness, with dollar/yen crawling slightly up to a fresh 2 ½-month high of 108.90. On the other hand, euro/dollar was struggling at two-month lows, last seen [..]

European Open Preview – Dollar bulls “back on the case”; US consumer confidence due

Posted on April 24, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar index is still trading near a three-month high. Elsewhere, kiwi/dollar fell by 0.5%, with no clear fundamental catalyst behind the decline. STOCKS: US markets closed lower yesterday, for the most part. While the Nasdaq [..]

Australian core CPI to undershoot RBA’s inflation target – Forex News Preview

Posted on April 23, 2018 at 3:46 pm GMT

Inflation in Australia failed to meet the Reserve Bank of Australia’s price target in the fourth quarter of 2017, similar to many other major economies, and updates on consumer prices adjusted for volatility early on Tuesday are expected to say the same story, kicking any hopes of a rate hike further into the future. At 0130 GMT on Tuesday, data prepared by the Australian Bureau of Statistics are expected to show that the headline Consumer Price Index (CPI) has ticked up to 2.0% on a yearly basis in the first quarter of [..]

US Open Preview – Dollar posts fresh high as long-term Treasury yields flirt with 3.0%; European stocks down

Posted on April 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar picked up speed as the 10-year US Treasury yield continued to trend near 3.0%, the highest since early 2014, underpinned by concerns that increasing oil prices could spread inflationary pressures, while a rise in US debt issuance was also supportive for the jump in yields. Besides that, Saturday’s news out of North Korea increased appetite for riskier investments. The North Korean leader said that he would suspend nuclear and intercontinental ballistic missiles tests ahead of a crucial meeting with [..]

European Open Preview – Rising yields bolster the dollar; eurozone flash PMIs in focus

Posted on April 23, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Monday, though by less than 0.1%, adding to the significant gains it posted on Friday on the back of rising US Treasury yields. The loonie plunged on Friday after Canada’s CPI data disappointed, while the safe-haven Japanese yen is a touch softer today, amid diminishing risks on the North Korean front. STOCKS: US markets closed lower on Friday, weighed on by a sustained rise in longer-term US bond yields. Rising [..]

Week Ahead – Euro and yen seek direction from ECB and BoJ; preliminary Q1 GDPs start rolling in

Posted on April 20, 2018 at 12:17 pm GMT

Attention will shift to monetary policy next week as the European Central Bank and the Bank of Japan hold scheduled policy meetings. GDP will come into focus too, with preliminary readings for the first three months of 2018 expected out of the United Kingdom, the United States and France. Also important will be the flash April PMIs for the Eurozone, Japan and the US. Australian inflation eyed after disappointing job figures The Australian dollar mostly shrugged off disappointing employment numbers [..]

US Open Preview – Euro under pressure; Canadian CPI pending

Posted on April 20, 2018 at 11:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength versus six major currencies, was up, standing at 90.14 (+0.22%). Dollar/yen managed to pick up speed, rising to 107.66 (+0.28%), boosted by the strong rally in US treasury yields. Pound/dollar was flirting with two-week lows, last seen at 1.4060 (-0.20%) following a deep fall yesterday immediately after the BoE Governor, Mark Carney, signaled that the central bank may not rush to raise interest rates in [..]

European Open Preview – BoE’s Carney slams the pound; Canadian inflation & retail sales eyed

Posted on April 20, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Friday, after it posted solid gains earlier on Thursday on the back of rising US Treasury yields. Sterling/dollar was 0.3% lower, with the British pound extending the losses it posted yesterday, after BoE Governor Mark Carney hinted that a rate hike in May is not actually a done-deal. STOCKS: US markets closed lower, pressured by a notable rise in longer-term US bond yields, something that usually [..]

US Open Preview – Oil bulls unlock fresh three-year highs

Posted on April 19, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: Sterling tumbled to a five-day low against the greenback (-0.06%) on Thursday during the early European afternoon as UK retail sales recorded their biggest fall in a year. This follows a strong sell-off on Wednesday when the UK CPI dropped surprisingly to one-year lows, raising doubts on whether the Bank of England will proceed with further rate increases after next month’s widely anticipated rate hike. Dollar/yen was moving slightly higher by 0.13% on the day, last trading [..]

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