AUDUSD

RBA expected to stand pat; other key data out of Australia on the agenda – Forex News Preview

Posted on March 5, 2018 at 10:35 am GMT

The Reserve Bank of Australia will be completing its meeting on monetary policy on Tuesday, with a decision on the Bank’s policy rate being made public at 0330 GMT. Markets widely expect the central bank to keep rates unchanged, with the market’s focus falling on the RBA’s remarks on the outlook for the economy and inflation which could offer hints as regards its monetary policy plans moving forward. RBA policymakers are expected to support maintaining the cash rate, the central [..]

European Open Preview – Euro falls on uncertainty over Italy; equities remain under pressure on trade concerns

Posted on March 5, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was gaining ground, while the euro was on the defensive following a cloud of uncertainty after Sunday’s elections in Italy. The aussie and the kiwi were also recording notable losses versus the greenback on the back of rising trade tensions. STOCKS: US markets closed mostly higher on Friday, even despite the rising probability of a tit-for-tat trade war between the US and its major partners. The Nasdaq Composite surged [..]

Week Ahead – Big week for central banks as ECB, BoJ, RBA and BoC meet; US jobs report also eyed

Posted on March 2, 2018 at 4:16 pm GMT

The coming week looks set to be dominated by central banks as policymakers in Europe, Canada, Australia and Japan gather for their corresponding policy meetings. Economic data shouldn’t escape the headlines however as Australian GDP, Chinese trade figures and US and Canadian jobs reports will be eagerly awaited. However, early in the week, politics will be setting the mood, particularly for the euro as Italians go to the polls to vote for a new government on Sunday and Germany’s SPD [..]

European Open Preview – Dollar declines on tariffs decision; Theresa May’s Brexit speech eyed

Posted on March 2, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being limited though. STOCKS: US markets experienced another day of sharp declines on Thursday, as worries over President Trump’s new tariffs on steel and aluminum imports amplified [..]

US Open Preview – Dollar holds strong ahead of Powell’s Senate speech; European equities in the red

Posted on March 1, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: Investors were in a sell mode against the pound during early European afternoon as the cloud around the Brexit story was getting larger following May’s unexpected rejection of the legal draft Brexit treaty published yesterday. Pound/dollar crawled further down to touch a fresh six-week low at 1.3726 (-0.16%). Euro/dollar also weakened towards six-week lows, inching down to 1.2185 (-0.07%) as hawkish monetary prospects in the US increased the gap between the US-EU [..]

European Open Preview – Dollar hits 6-week high ahead of Powell; trade tariffs and key US data eyed

Posted on March 1, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar recorded a six-week high versus a basket of currencies ahead of Fed chief J. Powell’s hearing before the Senate Banking Committee and key data out of the US. The aforementioned high came mostly on the back of gains from previous days though, as the dollar index was little changed on the day. STOCKS: US markets closed lower once again yesterday, ending February on an uncertain note. The Dow Jones [..]

Australian capital expenditures could end 2017 in positive note – Forex News Preview

Posted on February 28, 2018 at 5:11 pm GMT

Australia will see its latest business investment data early on Thursday with the release of private new capital expenditure figures (CAPEX) for the final quarter of 2017. While analysts predict a slowdown in private investments, the measure is expected to finish the year in growth territory for the first time since 2011, flagging a positive start in 2018 and suggesting an ongoing economic expansion ahead of next week’s GDP growth numbers. Few minutes after midnight on Thursday, the CAPEX survey [..]

US Open Preview – Pound slips on cautious Barnier; European stocks drag lower

Posted on February 28, 2018 at 12:47 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index held onto gains during early European afternoon as investors’ optimism that the Fed would raise rates more than three times this year heightened further after Powell’s major testimony in front of the House Financial Committee yesterday. Jerome Powell, the new Fed boss, reiterated that the US economy is on a healthy track and a normalization of the monetary policy is needed to avoid an overheating economy – acknowledging the [..]

European Open Preview – Powell’s comments breathe life back into the dollar; eurozone inflation eyed

Posted on February 28, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – traded almost unchanged on Wednesday, after posting significant gains earlier on Tuesday as the new Fed Chair Jerome Powell appeared quite optimistic on the US’ growth outlook in his testimony before Congress. STOCKS: US markets posted notable losses yesterday, as the upbeat remarks of the new Fed chief enhanced expectations for higher interest rates. The S&P 500 [..]

Technical Analysis – AUDUSD risk tilted to the downside; holds below 23.6% Fibonacci mark

Posted on February 28, 2018 at 7:36 am GMT

AUDUSD retreats over the last couple of sessions and risk is still to a bearish correction as price continues to drift lower from the 0.7990 resistance level. The price posted a pullback on the 20-day simple moving average on Monday and slipped below the 23.6% Fibonacci retracement at 0.7826 level of the upleg from 0.6820 to 0.8135. Price action is at the moment taking place not far below this area. Momentum indicators are pointing to a negative bias in the short-term with the [..]

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