AUDUSD

European Open Preview – Dollar and stocks await directional clues from US inflation

Posted on February 14, 2018 at 8:26 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.2% lower on Wednesday, ahead of key US inflation and retail sales data releases that could determine the currency’s short-term direction. STOCKS: US markets closed with modest gains on Tuesday, with investors appearing hesitant to take up large positions ahead of the US inflation data today, which could determine whether the recent turmoil will intensify or subside. The Nasdaq Composite was the leader of the pack, rising by [..]

Technical Analysis – AUDUSD bearish correction pauses; further gains are expected

Posted on February 14, 2018 at 7:30 am GMT

AUDUSD has reversed back up again after finding support at the 0.7755 barrier, near the lower Bollinger Band. The price climbed above the 23.6% Fibonacci retracement level at 0.7826 of the up-leg with the low of 0.6820 and the high of 0.8100 in the medium-term timeframe. Moreover, the downside pressure seems to be weakening, while the technical indicators are endorsing the bullish scenario. From the technical point of view, in the short-term timeframe, the RSI indicator is approaching the positive [..]

US Open Preview – European equities broadly in the green; Wall Street looks set to open higher

Posted on February 12, 2018 at 12:04 pm GMT

Here are the latest developments in global markets: FOREX: The US currency remained lower on the day, with its broader gauge, the dollar index, being down by 0.3% around midday. The euro and sterling were advancing versus the greenback, after declining notably in the preceding week and recording multi-week lows. Specifically, euro/dollar shed 1.6% during the week ending February 9, experiencing its worst weekly performance since November 2016. Euro/dollar and pound/dollar were up by 0.3% and 0.2% at 1.2269 and 1.3869 respectively. [..]

European Open Preview – Stocks look to US budget deficit and inflation data for clues

Posted on February 12, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.3% lower on Monday, despite the recent surge in 10-year US Treasury yields, which are now hovering near 2.88%. STOCKS: US equity indices experienced a tentative rebound on Friday. The S&P 500 led the way, rising by 1.5%, while the Dow Jones and the Nasdaq Composite rose by 1.4%. Moreover, futures tracking the S&P, Dow, and Nasdaq 100 are all in positive territory at the moment, suggesting that these [..]

Week Ahead – US & UK CPI, Australian employment and Japanese growth figures on the horizon

Posted on February 9, 2018 at 3:31 pm GMT

On the face of it, it looks that the upcoming week will lack events of similar magnitude to the one we just experienced – for example, the Bank of England meeting and subsequent press conference by Governor Carney. Still, there are releases that have the capacity to keep investors on edge and lead to notable movements in forex markets: US and UK CPI and retail sales, Australian jobs data, and Japanese GDP figures are among the readings that will be [..]

US Open Preview– Dollar edges up as US government re-opens; European stocks tumble again

Posted on February 9, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was gaining versus its major counterparts during early European trading hours, posting moderate gains after the US Congress reached a bipartisan deal on a two-year spending bill. The plan promises to increase the debt ceiling and funding on military and domestic programs, though, the markets are concerned that the bill will widen nation’s deficit. The dollar index edged up to 90.33 (+0.12%), while dollar/yen and dollar/swissie changed hands higher at [..]

European Open Preview – Equities topple while US government shuts down; UK industrial output & Canadian jobs report due

Posted on February 9, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday, remaining unfazed by the shutdown of the US government. Meanwhile, sterling gave back all of the gains it posted after the Bank of England appeared more hawkish yesterday. STOCKS: The turmoil in global equity markets got a second wind on Thursday, with US stock indices collapsing once more. The Dow Jones led the way lower, shedding 4.1% of its value, while the Nasdaq Composite [..]

European Open Preview – Kiwi records losses as RBNZ appears cautious; all eyes on the Bank of England

Posted on February 8, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The kiwi dollar slipped, as the RBNZ disappointed those looking for an upbeat assessment. STOCKS: US equity indices experienced another volatile session on Wednesday, and finished lower overall. The Nasdaq Composite fell by 0.9%, the [..]

Special Report – Aussie rally falters, but was it doomed to begin with?

Posted on February 7, 2018 at 4:04 pm GMT

The Australian dollar posted an incredible rally of 8.5% against its US counterpart during early December and late January, fully reversing the September-December downtrend and setting a 2½-year high of $0.8135. However, that rally is now looking in trouble, with the pair declining 3.5% from its January 26 peak and technical indicators turning negative. But even before the uptrend came to a halt, the aussie/dollar’s performance had raised eyebrows among some market participants about the sustainability of such strong gains [..]

US Open Preview – Euro, pound down as European stocks recover; kiwi slips ahead of RBNZ rate decision

Posted on February 7, 2018 at 12:16 pm GMT

Here are the latest developments in global markets: FOREX: The yen extended its uptrend against the dollar, sending dollar/yen lower to 109.10 as investors maintained their risk-averse behavior after the recent sell-off in stock markets. The dollar index, though, was building positive momentum on the back of a weaker euro and pound, climbing to 89.87 (+0.33%). Euro/dollar slipped to 1.2342 (-0.30%) and pound/dollar weakened to 1.3872 (-0.44%) after the ECB board member, Sabine Lautenschlaeger questioned whether the transitional period after Brexit will “really [..]

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