AUDUSD

Week Ahead – March inflation, BoC meeting, US retail sales and China GDP among highlights; geopolitical risks also loom large

Posted on April 13, 2018 at 12:03 pm GMT

It will be an important week for major economic releases over the next seven days with key indicators due from all the big markets. Inflation and retail sales data will dominate the calendar followed by employment numbers. A policy meeting by the Bank of Canada will also be eyed. However, with geopolitical risks currently running high, a worsening risk sentiment could dampen market enthusiasm for the data. While simmering tensions in the Middle East may have distracted President Trump’s attention [..]

US Open Preview – Risk appetite resumes; oil at fresh three-year highs

Posted on April 13, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: While war and trade risks have not fully faded, Trump’s tweets on Thursday showed that the US president is considering to rejoin the Trans-Pacific free trade partnership, which he pulled out in his first months in the role. His remarks also indicated that he wanted to avoid tit-for-tat tariffs with China. In the wake of the comments, investors turned focus to riskier investments, sending safe havens lower, with dollar/yen crawling up to [..]

European Open Preview – Markets turn optimistic as risks moderate; U of M consumer sentiment survey eyed in US

Posted on April 13, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Friday, but by less than 0.1%, extending the gains it posted yesterday as geopolitical and trade risks moderated, and the yields on longer-term US Treasuries surged. The yen traded 0.2% lower against both the euro and the dollar, as the risk-on environment curtailed demand for the safe haven Japanese currency. STOCKS: US markets closed higher, boosted by signals that the situation in Syria may not [..]

US Open Preview – Dollar sees some gains as Kremlin calms war tensions; ECB meeting minutes next

Posted on April 12, 2018 at 11:04 am GMT

Here are the latest developments in global markets: FOREX: An exchange of war words between the two nuclear-armed powers, the US and Russia yesterday regarding strikes in Syria continued to weigh on the dollar during early European afternoon despite the FOMC minutes from the March meeting embracing a positive outlook on the economy. Still, comments by the Kremlin today, supporting that further tensions in Syria should be avoided, eased somewhat the risk-off sentiment. The dollar index rose to 89.77 but [..]

Chinese exports to moderate in March but outlook clouded by trade war fears – Forex News Preview

Posted on April 12, 2018 at 8:37 am GMT

Trade figures out of China are scheduled for release on Friday for the month of March, with consensus forecasts of a sharp deceleration in exports and a smaller trade surplus. The data comes amid heightened risk of a trade war between China and the United States as the two economic powerhouses quarrel over unfair trade practices. Chinese exports surged by 44.5% year-on-year in February – the biggest jump in three years – mainly due to the effects of the timing [..]

European Open Preview – Geopolitical concerns creep into markets; ECB minutes eyed

Posted on April 12, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded practically unchanged on Thursday, with the currency unable to draw much support from the hawkish signals in the FOMC minutes, amid escalating tensions in the Middle East pushing US Treasury yields lower. STOCKS: US markets closed lower yesterday, weighed on both by the optimistic tone of the FOMC minutes and rising geopolitical tensions, with the US-Russia standoff over Syria dominating headlines. The Dow Jones led the [..]

US Open Preview – Dollar faces headwinds as geopolitical risks weigh; FOMC minutes & US CPI figures in focus

Posted on April 11, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: While trade concerns seemed to ease following an encouraging speech by the Chinese President yesterday, who promised to improve the business environment for foreign companies, a pledge later outlined in more detail by the People’s Bank of China Governor, geopolitical fears appeared in the horizon. Particularly investors turned cautious after Western countries including the US and France were considering taking military action against Syria’s government in response to last week’s chemical attack [..]

European Open Preview – Abating trade woes support risk; dollar eyes FOMC minutes & CPIs

Posted on April 11, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded nearly 0.1% lower on Wednesday, touching a fresh 2-week low ahead of the release of US CPI data and the minutes from the latest FOMC meeting. Both the euro and the pound gained yesterday, amid hawkish remarks from ECB and BoE officials respectively. Commodity currencies such as the aussie, kiwi, and loonie, were all a touch softer today, giving back some of the notable gains they posted [..]

Technical Analysis – AUDUSD has significant bullish day before touching upper Bollinger Band

Posted on April 11, 2018 at 6:42 am GMT

AUDUSD has reversed back up again after four bearish weekly sessions, following the strong rebound on the 38.2% Fibonacci retracement level near 0.7640 of the upleg from the low on January 2016 (0.6820) and the high on January 2018 (0.8135). In the short-term, the pair posted an aggressive positive rally during yesterday’s session, approaching the 40-day simple moving average around 0.7765, which overlaps with the upper Bollinger Band. In the daily timeframe, prices bounced off the latter level during today’s early European [..]

US Open Preview – Pound hits two-week highs; European stocks gain as risk-on appetite returns

Posted on April 10, 2018 at 11:48 am GMT

Here are the latest developments in global markets: FOREX: Investors continued to digest encouraging comments by the Chinese President, Xi Jinping, during the early European afternoon, driving the Chinese-linked currencies such as the kiwi and the aussie even higher. The gains appeared after Xi backed free trade and pledged to limit import tariffs, while his remarks also somewhat eased concerns over a yuan devaluation. However, a report by Bloomberg today, saying that US-China talks regarding the high-tech industry stalled last [..]

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