AUDUSD

European Open Preview – Dollar recovery gains momentum after Fed minutes; UK GDP and ECB minutes due

Posted on February 22, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was 0.2% higher on Thursday, adding to the notable gains it posted yesterday on the back of the Fed minutes from the January meeting, which were quite upbeat. The greenback moved in tandem with US Treasury yields that surged across the board in the aftermath of the minutes, to reach fresh multi-year highs. STOCKS: US markets took a hit from the Fed minutes, as speculation for faster rate [..]

US Open Preview – Pound faces headwinds as UK unemployment rate rises; Fed meeting minutes pending

Posted on February 21, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: Although British average earnings (excluding bonuses) in January appeared stronger than expected, reaching the highest growth in a year, pound/dollar eased to a one-week low of 1.3913 (-0.51%) as the unemployment rate rose surprisingly for the first time since June 2015 in the three months to December. In Brexit news, more than 60 Conservative members wrote a letter to the UK Prime Minister, Theresa May, demanding a clean exit from the [..]

European Open Preview – Dollar continues to recover ahead of Fed minutes; eurozone PMIs & UK employment data in focus

Posted on February 21, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.2% higher on Wednesday ahead of the release of the FOMC minutes, extending the notable gains it posted yesterday. STOCKS: US equity markets closed lower on Tuesday. The Dow Jones fell the most, closing 1.0% lower, while the S&P 500 declined by 0.6%. The Nasdaq Composite retreated as well, but by less than 0.1%. The volatility index (VIX) also moved up, suggesting that the recent turmoil in equity [..]

Australian wages to dictate the Aussie’s short-term path – Forex News Preview

Posted on February 20, 2018 at 2:18 pm GMT

Subdued wage growth has been a major source of concern for the Reserve Bank of Australia (RBA) for years now. While the Bank expects wages to pick up, it does not expect that to happen quickly and has thus shown little urgency to raise interest rates. Against that backdrop, traders will keep a close eye on the upcoming wage prints, as they could determine whether the RBA will change its neutral tune anytime soon, or whether it will remain sidelined [..]

US Open Preview – Dollar extends rally as US issues new debt; European stocks mixed

Posted on February 20, 2018 at 12:34 pm GMT

Here are the latest developments in global markets: FOREX: The dollar continued to stretch higher, breaking slightly above the 107 key-level versus the yen (+0.51%) and rising towards 89.67 (+0.65%) against a basket of major currencies. Despite risks remaining in the background, including a ballooning US budget deficit and potential policy tightening by other central banks which might attempt to play catch up with the Fed, the dollar finally found support from rising US Treasury yields. Pound/dollar jumped above 1.40 to touch an intra-day high of 1.4014 on the news that the EU parliament [..]

European Open Preview – Dollar bounces from 3-year lows; business surveys and dairy auction due

Posted on February 20, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.4% higher on Tuesday, drawing some support from an uptick in the yields of longer-dated US Treasuries. The index rebounded on Friday after touching a fresh 3-year low, and has continued recovering since. STOCKS: US markets remained closed yesterday in celebration of the President’s Day holiday. Earlier on Friday, the S&P 500 and the Dow Jones closed marginally higher, though the Nasdaq Composite fell 0.2%. Moreover, futures tracking the S&P, [..]

US Open Preview – Dollar trapped in negative sentiment; European stocks set for weekly gains

Posted on February 16, 2018 at 12:30 pm GMT

Here are the latest developments in global markets: FOREX: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing the phenomenon to concerns surrounding a potential ballooning US debt and the expectations that other central banks could start raising rates amid higher inflation prospects. Dollar/yen tumbled to a fresh one-year low of 105.54 during the Asian session before it inched up to 106.17 (-0.04%) in early European trading. The dollar index was struggling to [..]

European Open Preview – Dollar sinks to 3-year low; UK retail sales eyed

Posted on February 16, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded almost 0.3% lower on Friday, adding to the losses it posted yesterday and recording a new three-year low. The continued slide in the world’s reverse currency managed to push euro/dollar to 1.2555 overnight, marking a fresh high last seen in 2014 for the pair. Meanwhile, dollar/yen posted a new 15-month low. STOCKS: US equity indices continued to recover yesterday, amplifying expectations that the recent turbulence may be gradually [..]

European Open Preview – Dollar slides while stocks climb; jobless claims and IP gathering attention in the US

Posted on February 15, 2018 at 8:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar index fell 0.4% on Thursday, extending the significant losses it posted on Wednesday in the aftermath of the US CPI and retail sales data. STOCKS: US markets finished the day notably higher yesterday, erasing earlier losses, despite the stronger-than-anticipated US inflation prints for January. The Nasdaq Composite led the charge, gaining almost 1.9%, while the S&P 500 followed in its tracks, closing 1.3% higher. The Dow Jones climbed 1.0%. Moreover, futures [..]

Australia’s employment bonanza could continue in January – Forex News Preview

Posted on February 14, 2018 at 4:10 pm GMT

The Australian labor market recorded an interrupted expansion during 2017, posting the first full year without negative marks since 1988 according to the Australian Bureau of Statistics (ABS). The number of full-time employees rose by 322,000 in 2017, reflecting 80% of the net increase in net employment during the period, while the unemployment rate finished the year at four-year lows. The Bureau now prepares to release its first employment stats since the beginning of the new year on Thursday and it would [..]

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