AUDUSD

European Open Preview – Euro jumps on ECB minutes; US CPI & retail sales on the horizon

Posted on January 12, 2018 at 8:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded marginally lower on Friday, extending the notable losses it posted on Thursday on the back of weaker-than-expected US producer price data and a stronger euro. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix indices traded lower by 0.2% and 0.6% respectively, but Hong Kong’s Hang Seng index climbed 0.8%, trading at its highest since late 2007. In Europe, futures tracking the Euro Stoxx 50 were 0.3% up. [..]

US Open Preview – Excluding antipodeans, greenback remains in the green; US jobless claims & producer prices in focus

Posted on January 11, 2018 at 12:19 pm GMT

Here are the latest developments in global markets: FOREX: The US currency remained in the green relative to most majors though it – for the most part – gave up on a portion of gains made earlier in the day. The dollar index traded 0.1% higher at 92.45. The antipodean currencies were the ones advancing notably relative to the greenback, tracking fresh multiweek highs versus the US currency. Aussie/dollar was 0.3% up, after previously touching 0.7886, a level last reached [..]

European Open Preview – Dollar trips on China-related reports but recovers; eurozone IP and ECB minutes eyed

Posted on January 11, 2018 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded slightly higher during the Asian trading session Thursday, after experiencing heightened volatility on Wednesday. The index initially took a dive on reports that China is considering to slow or cut its US bond purchases, but managed to recover its losses to trade virtually unchanged in the following hours. STOCKS: Asian markets were mostly in the red today, with Japan’s Nikkei 225 and Topix indices closing 0.3% and [..]

Australian Retail Sales – will it affect the aussie’s bullish rally?

Posted on January 10, 2018 at 4:12 pm GMT

The Australian dollar had a strong upside rally in the previous four weeks, driving the aussie/dollar pair to a new three-month high. A question is if the prices will continue to rise after the release of retail sales overnight and more importantly during the year as the Reserve Bank of Australia (RBA) remains concerned about consumption growth. Retail sales for November are forecasted to ease to 0.4% m/m from 0.5% the previous month. In October the indicator increased by 0.5% [..]

Chinese trade figures due; potential aussie reaction – Forex News Preview

Posted on January 10, 2018 at 4:07 pm GMT

Chinese trade data for the month of December are scheduled for release on Friday at 0445 GMT. Analysts forecast exports and imports to grow solidly, though at a softer pace relative to November, a month during which both figures stormed past expectations to expand by double digits on a yearly basis. Exports and imports are forecast to grow by 9.1% and 13.0% y/y respectively, down from 12.3% and 17.7% in November, while the trade surplus is anticipated to narrow to [..]

European Open Preview – Yen bulls remain in charge; UK manufacturing output due

Posted on January 10, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was marginally lower on Wednesday, after previously trading higher for three days in a row. STOCKS: Asian markets were mixed, with Japan’s Nikkei 225 declining by more than 0.2%, pulling back from the 26-year high it reached earlier in the week, though still remaining close to those multi-decade high levels. Meanwhile, the Topix added 0.15% while in Hong Kong, the Hang Seng was higher by 0.4%. In Europe, [..]

Technical Analysis – AUDUSD bullish since December; consolidates recent gains

Posted on January 10, 2018 at 7:02 am GMT

AUDUSD is neutral in the short term after a strong rally pushed the market to overbought conditions and consequently upside momentum faded. AUDUSD remains under corrective pressure after failing to breach the key 0.7900 level but came close to it last week. The second bullish phase that started after the break above the 200-day moving average in December is still in progress and there are no signs of a reversal in the trend yet. The recent pullback from the January 5 [..]

Chinese consumer inflation to inch up but producers could face softer costs- Forex News Preview

Posted on January 9, 2018 at 5:14 pm GMT

During the period 2012-2016 everyone was talking about the deflationary spiral in China, with those who are heavily dependent on Chinese imports blaming the world’s largest exporter for stealing inflationary pressures from them and therefore interrupting their monetary policy. But today, someone could say that China could be a gift for those who hope for inflation to pick up as growth in Chinese prices turned increasingly positive in 2017 and is expected to keep rising smoothly in the coming years [..]

European Open Preview – Yen bounces up on BoJ operations; eurozone unemployment expected at lowest since 2009

Posted on January 9, 2018 at 8:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – traded slightly lower on Tuesday, after posting some gains on Monday. STOCKS: Asian markets extended their recent winning streak, with Japan’s Nikkei 225 and Topix indices trading higher by 0.6% and 0.5% respectively as the nation returned from a holiday; both indices hovered near multi-decade highs. In Hong Kong, the Hang Seng climbed 0.3%, while [..]

Technical Analysis – AUDUSD pauses its bullish rally; momentum indicators signal bearish retracement

Posted on January 8, 2018 at 2:30 pm GMT

AUDUSD edged sharply higher in the near-term timeframe following the rebound on the 0.7500 significant support level that started on December 12, 2017. The price hit the ascending trend line on the medium-term chart, which has been holding since January 2016 before the upside movement. However, given that the latest run appears overstretched and having a look at the momentum indicators in the daily chart, a correction setback may take place before buyers decide to push further. The Relative Strength Index (RSI) is pointing [..]

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