AUDUSD

Chinese trade & inflation numbers on the horizon; attention on aussie as well – Forex News Preview

Posted on February 7, 2018 at 10:42 am GMT

China will see the release of trade data for the month of January on Thursday, with analysts projecting both exports and imports to grow at a solid pace; the release is tentative, lacking a fixed time of release. Figures on January producer and consumer prices out of the world’s second largest economy will also be attracting attention on Friday. Both PPI and CPI are expected to soften on an annual basis. Before delving into the analysis, it is worthy of [..]

European Open Preview – Dollar little changed; US equities rebound but is the turmoil over?

Posted on February 7, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Wednesday, experiencing little movement in the session, as investors’ attention remained fixed on movements in stock markets. STOCKS: US equity indices rebounded yesterday, temporarily alleviating some concerns that the sell-off seen earlier in the week would develop into something much bigger. The Dow Jones led the way, gaining an extraordinary 2.3%, while the Nasdaq Composite followed in its tracks, up by 2.1%. The S&P 500 [..]

Technical Analysis – AUDUSD continues the sell-off; next critical level 23.6% Fibonacci mark

Posted on February 7, 2018 at 7:32 am GMT

AUDUSD edged sharply lower over the previous six trading days, however, during yesterday’s session, the price snapped the steep losses and recorded a positive day, following the rebound on the lower Bollinger band around 0.7835. Looking on the bigger picture, the pullback from the 32-month high of 0.8135 endorsed the bearish phase, while the short-term technical indicators are bearish and point to more weakness in the market. It is worth mentioning that the price has been holding within an ascending [..]

US Open Preview– Dollar flat as equity meltdown spreads to European stocks

Posted on February 6, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The strong correction in stock markets which emerged amid hopes that the Fed will raise interest rates faster than expected did not provide much support to the dollar, with dollar/yen rising slightly up to 109.22 (+0.11%) as demand for the safe-haven yen also increased. The dollar index also edged up to 89.78 (+0.20%). Euro/dollar gave up earlier gains, retreating to 1.2356 (-0.06%), while pound/dollar fell to 1.3900 (-0.40%) after an attempt to [..]

European Open Preview – Stock bloodbath continues in full swing; RBA maintains neutral tone

Posted on February 6, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Tuesday, after posting some gains yesterday. The currency’s broader decline appears to have been halted, at least for now, as investors appear to be focused more on the collapse seen in stock markets. STOCKS: US markets suffered one of their worst days on record yesterday. The Dow Jones led the collapse, falling by an astounding 4.6%. The S&P 500 was down 4.1%, its largest one-day [..]

Not the best time to raise RBA rates– Forex News Preview

Posted on February 5, 2018 at 4:48 pm GMT

The Reserve Bank of Australia will meet for its first interest rate decision for 2018 on Tuesday but a rate hike will be probably off the table. Although the economy recorded solid growth and consumer and business surveys improved since December’s policy meeting, household spending remained a risk, while an appreciating currency signals that this is likely not the right moment to tighten monetary policy, at least this time. In the third quarter of 2017 private business and public investments [..]

US Open Preview – European stocks join the rout; RBA policy decision next

Posted on February 5, 2018 at 12:33 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index was little changed on Monday, last trading near the 89.10 level. Sterling/dollar was down more than 0.2%, pressured by the softer-than-anticipated UK services PMI for January. Dollar/yen fell nearly 0.3%, as the broader risk-off sentiment in equity markets strengthened the yen, which is typically regarded as a safe haven. Elsewhere, the aussie was 0.2% higher against the greenback ahead of the RBA’s policy decision, due at 0330 GMT on [..]

US Open Preview – Dollar posts gains ahead of NFP report; European stocks tumble

Posted on February 2, 2018 at 12:25 pm GMT

Here are the latest developments in global markets: FOREX: The dollar continued to rise slowly against its major peers after US Treasury yields peaked at fresh highs early today but remained closed to 3-year lows. The dollar index inched up to an intra-day high of 88.88 (+0.16%) and dollar/yen was on track to break above 110, posting a fresh one-week high at 109.91 (+0.46%). Today’s news that the BOJ was planning to buy an unlimited amount of Japanese government bonds [..]

Week Ahead – BoE, RBA and RBNZ meet: will FX moves influence monetary policy after strong rally?

Posted on February 2, 2018 at 12:22 pm GMT

Central bank meetings will dominate next week’s economic calendar as the Bank of England, the Reserve Bank of Australia and the Reserve Bank of New Zealand meet to set monetary policy. All three are expected to stand pat but surprises could be in store for the markets as policymakers adjust their outlook following recent developments pertaining to their economies and in forex markets. Economic data will not go amiss with most countries releasing monthly figures on trade and services PMIs. [..]

European Open Preview – Dollar retreats despite rising yields; US jobs report in the spotlight

Posted on February 2, 2018 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday ahead of the US employment data, after it previously posted notable losses on Thursday. The yen tumbled against its major peers, weighed on by the BoJ’s regular bond-buying operations, which pushed Japanese bond yields lower. STOCKS: Japanese markets retreated despite the overnight tumble in the yen. The Nikkei fell 0.9%, while the Topix pulled back 0.3%. In Hong Kong, the Hang Seng was in the green, [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms