AUDUSD

European Open Preview – Loonie softens on cautious BoC; UK retail sales in focus

Posted on April 19, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher today, but by less than 0.1%. Aussie/dollar is up by 0.2%, lifted by a notable rally across commodities. Meanwhile, the loonie steadied against the dollar, after it plunged yesterday on the back of cautious signals from the BoC. STOCKS: US markets closed mixed yesterday. While the Nasdaq Composite and the S&P 500 advanced 0.2% and 0.1% respectively, the Dow Jones fell nearly 0.2%, weighed on [..]

US Open Preview – Pound takes a knock after CPI miss; BoC rate decision next

Posted on April 18, 2018 at 10:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.28% during the early European afternoon as risk-off sentiment continued to ease while encouraging data out of the US on Tuesday increased confidence on the US economy even further. Sterling plummeted near to a one-week trough of 1.4172 (-0.73%) versus the greenback today after UK CPI figures missed expectations, falling to one-year lows. The yearly Eurozone CPI (second estimate) also ticked below [..]

Australia turns its sights to employment report and may help Aussie to regain some poise – Forex News Preview

Posted on April 18, 2018 at 9:05 am GMT

Australia’s employment report for March is likely to attract attention and is scheduled for release on Thursday at 0130 GMT. The unemployment rate is forecasted to tick lower to 5.5% for the month of March versus 5.6% the preceding month, while the employment change is expected to show that the economy added 3,500 jobs, much more from the previous month. Meanwhile, the participation rate is predicted to remain unchanged at 65.7%. Could a stronger than expected employment data affect the local currency? The employment report [..]

European Open Preview – Safe havens retreat as geopolitical tensions ease; UK CPI and BoC rate decision coming up

Posted on April 18, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound steadied somewhat after retreating yesterday. STOCKS: US markets soared for a second day in a row, as a strong earnings season and diminishing risks on the Korean Peninsula boosted risk appetite. The Nasdaq Composite [..]

Technical Analysis – AUDUSD remains bullish in medium-term; pares some previous losses in short-term

Posted on April 18, 2018 at 6:36 am GMT

Since its deep fall towards the 0.7640 support level at the end of March, AUDUSD has been developing between the 38.2% Fibonacci retracement level of 0.7635 and the 23.6% Fibonacci mark of 0.7825. The Fibonacci levels are taken from the upleg of the last big upward movement in the weekly timeframe, with the low of 0.6820 and the high of 0.8135. Last week the pair snapped the four losing weekly sessions and posted a positive candle, while the 50-week simple moving average (SMA) [..]

US Open Preview – Pound erases gains as wage growth disappoints

Posted on April 17, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Sterling extended yesterday’s rally towards a 22-month high of 1.4375 early today, its highest level since Britain voted to leave the European Union. However, after a disappointing wage growth print today, cable lost ground falling to 1.4315 (-0.14%) despite the unemployment rate inching down to a new 42-year low of 4.2% in February. Dollar/yen was slowly recovering losses made after Trump accused Russia and China of devaluating their currencies, something seen as indicating [..]

European Open Preview – Sterling rallies ahead of crucial economic data

Posted on April 17, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was 0.1% lower on Tuesday, extending the losses it posted yesterday amid renewed speculation that the US administration is seeking a weaker currency. Sterling/dollar traded 0.15% higher today after surging yesterday as well, reaching a fresh high last seen in June 2016, amid speculation that upcoming UK economic data will “green light” a rate hike by the Bank of England in May. STOCKS: US markets closed higher yesterday, buoyed [..]

Chinese GDP growth to edge down in Q1 2018 – Forex News Preview

Posted on April 16, 2018 at 5:16 pm GMT

China, the second largest economy in the world and the third top destination for foreign direct investments after the US and the UK will see the release of GDP growth for the first quarter of 2018 on Tuesday at 0300 GMT along with readings on industrial production and retail sales. The economy, which has transformed from an agricultural country to a manufacturing exporter, is expected to slow down in the first three months of the year as measures to mitigate [..]

US Open Preview – Pound in bullish mode after Syria strikes; US retail sales pending

Posted on April 16, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: The dollar was struggling to gain ground during the early European afternoon against the Japanese yen (-0.11%) ahead of the US retail sales released later in the day. The yen was making a comeback during today’s European session as geopolitical risks were hanging in the background following Saturday’s military attack in Syria conducted by the US, France, and Britain, though the negative market reaction has been muted so far. It is worth mentioning that [..]

European Open Preview – Risk trades supported as geopolitical concerns fade; US retail sales in the spotlight

Posted on April 16, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded lower on Monday, but by less than 0.1%, showing little response to the US military strike on Syria over the weekend. STOCKS: US markets closed lower on Friday, though they appear set for a recovery today. The Dow Jones and the Nasdaq Composite both fell by 0.5%, while the S&P 500 shed 0.3% of its value. That said, futures tracking the Dow, S&P, and Nasdaq 100 are currently pointing [..]

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