AUDUSD

US Open Preview – Dollar rallies versus yen on inflation prospects; European stocks rebound

Posted on February 1, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen stretched towards a one-week high of 109.74 (+0.51%) during early European trading after the FOMC statement highlighted yesterday that the US inflation is expected to “move up this year”. However, the dollar index inched down to 89.00, remaining near 3-year lows, on the face of a strengthening euro and pound. Euro/dollar crawled up to 1.2450 (+0.14%) amid prospects that the ECB will reduce monetary stimulus this year and pound/dollar was on track to post [..]

European Open Preview – Optimistic Fed message does little for the dollar; major economies’ manufacturing PMI data due

Posted on February 1, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.2% higher on Thursday, recovering some of its recent losses, buoyed by the Fed’s slightly more hawkish tone on the US economic outlook upon completion of its two-day meeting on monetary policy. STOCKS: Japanese markets skyrocketed, with the Nikkei 225 moving 1.7% higher and the Topix surging by 1.8%, both indices regaining some of the ground they lost in recent days. In Hong Kong, the Hang Seng was [..]

US Open Preview – Dollar pressured ahead of Fed rate decision; European stocks rebound

Posted on January 31, 2018 at 12:38 pm GMT

Here are the latest developments in global markets: FOREX: Kiwi/dollar remained the biggest winner in early European trading, approaching fresh one-week highs at 0.7400 (+0.94%), while aussie/dollar reached an intra-day high at 0.8109. Dollar/yen inched up to 108.76 but was unable to recover earlier losses despite the BOJ increasing its medium-term Japanese government bonds. Trump’s State of Union speech also failed to feed dollar bulls, giving few details on US policies. The dollar index was moving sideways around three-year lows [..]

European Open Preview – Dollar on the defensive ahead of FOMC; eurozone inflation on the horizon

Posted on January 31, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to retreat on Wednesday, trading 0.2% lower ahead of the FOMC policy decision later in the day. STOCKS: Japanese markets were on the defensive, with the Nikkei 225 and the Topix indices falling 0.8% and 1.2% respectively, as the recent surge in bond yields continued to undermine investors’ sentiment towards equities. This was also evident by the underperformance of US indices yesterday, with the S&P 500, Dow Jones [..]

Technical Analysis – AUDUSD sees bullish bias with scope to extend higher; next stop 0.8300

Posted on January 31, 2018 at 7:42 am GMT

AUDUSD retreated over the previous two days, following the bounce off the 32-month high of 0.8135. Looking on the medium-term timeframe, the pair has been in bullish phase since January 2016, supported by higher bottoms and higher peaks. Despite the small retracement on the short-term chart, the price still endorses the sharp upward movement as it hit the 0.7500 strong psychological level and created consecutive winning weeks. After this month’s strong moves, the expectation for the pair is for further profit taking and could [..]

Chinese PMIs pose another risk to the Aussie – Forex News Preview

Posted on January 30, 2018 at 3:35 pm GMT

China’s official manufacturing and non-manufacturing PMIs for the month of January are both scheduled for release on Wednesday at 0100 GMT. According to forecasts, the manufacturing index is set to tick down, while the non-manufacturing print is anticipated to remain unchanged, albeit at a level consistent with healthy expansion in the sector. Even though a slight slowdown in manufacturing activity would normally be perceived as a discouraging development for the Chinese economy, this may not be the case this time around. The [..]

US Open Preview– Dollar stretches losses ahead of Fed meeting; Trump’s State of Union speech in focus

Posted on January 30, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: The euro erased earlier losses against the dollar, bouncing up to an intra-day high of $1.2423 (+0.22%) after Eurostat revised upwards GDP growth readings for the third quarter. Sterling managed to rebound to $1.4111 (+0.38%) after reaching a one-week low at 1.3979 during the Asian session. On the other hand, the dollar, stretched its downleg towards 108.52 versus the yen (-0.31%) and reversed yesterday’s gains against a basket of major currencies, [..]

European Open Preview – US dollar rebounds as stocks sell off; flash Eurozone GDP on tap

Posted on January 30, 2018 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar continued to stage a recovery during Tuesday’sAsian session against most majors with the exception of the yen. The latter currency was bid as it performed its traditional role of safe-haven. The dollar index was around 1% higher from its 3-year low hit on Thursday. Rising bond yields were said to bolster the greenback. STOCKS: Stocks were correcting following their stellar run of the previous weeks. The Dow closed two-thirds of [..]

Will Australia’s inflation data nudge the RBA out of its lull? -Forex news preview

Posted on January 29, 2018 at 4:01 pm GMT

Australia’s inflation prints are due out on Wednesday at 00:30 GMT and expectations are for the CPI rate to re-enter the Reserve Bank of Australia’s (RBA) target band. Will this be enough to trigger an optimistic response by the Bank when it meets again next week, or are there more hurdles to be overcome before that happens? The Australian dollar has staged a spectacular run so far in 2018, gaining nearly 4% against its US counterpart, though the rally reflects [..]

European Open Preview – Yen gains on Kuroda’s comments; US consumption and PCE data due

Posted on January 29, 2018 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded marginally higher on Monday, recouping some of the losses it posted on Friday. Meanwhile, the yen remained relatively elevated after shooting up on Friday, following some remarks from BoJ Governor Kuroda. STOCKS: Asian markets were mixed. In Japan, the Nikkei 225 closed marginally lower, while the Topix was less than 0.1% higher. In Hong Kong, the Hang Seng declined 0.3%, though the index still lies very close to all-time high [..]

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