AUDUSD

US Open Preview – Euro shrugs off data; European stocks hit fresh highs

Posted on January 8, 2018 at 12:27 pm GMT

Here are the latest developments in global markets: FOREX: Encouraging data out of the Eurozone including on retail sales and economic sentiment did little for the euro which pared a small part of earlier losses in the wake of the figures. Euro/dollar continued to trade weaker, slightly below the 1.20 handle (-0.32%) as traders engaged in profit-taking. This compares to last week’s four-month peak of 1.2089. On the other hand, the UK’s disappointing housing figures kept the pound under pressure, with pound/dollar remaining close to intraday [..]

European Open Preview – Dollar recovers following decline caused by NFP; eurozone retail sales due

Posted on January 8, 2018 at 8:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded 0.2% higher during the Asian trading session Monday, recovering the losses it posted on Friday following the slightly softer-than-anticipated US employment report. STOCKS: In Asia, Hong Kong’s Hang Seng was up 0.2% while China’s CSI 300 was 0.5% higher. Meanwhile, Japanese equity markets remained closed today for the Coming of Age holiday. In Europe, futures tracking the Euro Stoxx 50 are currently up by 0.4%. The three major [..]

Week Ahead – US inflation & retail sales and Chinese trade numbers among next week’s highlights

Posted on January 5, 2018 at 1:56 pm GMT

The coming week will feature numerous important releases that definitely have the potential to lead to notable movements in forex markets, though it will lack a release of the magnitude of the US nonfarm payrolls report that hit markets during this past week. Among the highlights in the coming days will be Chinese trade data, eurozone unemployment figures, UK manufacturing output and US inflation and retail sales. Quiet week in Australia with building approvals and retail sales gathering attention The [..]

European Open Preview – Dollar subdued as US equities hit new highs; US jobs report dominates attention

Posted on January 5, 2018 at 8:44 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.1% higher during the Asian trading session Friday, after posting notable losses on Thursday. STOCKS: The three major US equity indices – Dow Jones, S&P 500, and Nasdaq Composite – closed at fresh records again yesterday, with the Dow finishing above the 25,000 milestone for the first time. Futures tracking the Dow, S&P, and Nasdaq 100 are currently in the green as well. This positive sentiment rolled over [..]

European Open Preview – Greenback regains some composure while US stock indices close at records; US ADP employment due

Posted on January 4, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of major currencies during the Asian trading session Thursday, after posting gains on Wednesday. STOCKS: All three major US equity indices (Dow Jones, S&P 500, Nasdaq Composite) closed at fresh record highs yesterday, buoyed by optimism around the US economy following strong data releases and a cheerful tone in the FOMC minutes. Futures tracking the Dow, S&P and Nasdaq 100 are currently [..]

US Open Preview – Euro loses ground but remains above $1.20; FOMC minutes awaited

Posted on January 3, 2018 at 12:09 pm GMT

Here are the latest developments in global markets: FOREX: The dollar posted some gains to climb further above a 3½-month low versus a basket of currencies hit on Tuesday. The euro eased versus the greenback despite the release of positive jobs data out of Germany, while pound/dollar lost some ground following the release of construction PMI figures that came in below analysts’ expectations; the pair previously crossed above the 1.36 handle to record its highest since late September. STOCKS: European [..]

European Open Preview – Dollar slightly above 3½-month lows ahead of Fed minutes; sterling flirts with $1.36

Posted on January 3, 2018 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded slightly higher versus a basket of currencies after yesterday reaching its lowest since late September. The euro retreated a bit versus the dollar after trading around three-year high levels on Tuesday. STOCKS: Hong Kong’s Hang Seng was 0.1% higher, trading at its highest in a decade. Other major Asian indices were in the green, while Japanese markets were closed for a holiday. Euro Stoxx 50 futures were up [..]

Technical Analysis – AUDUSD in bullish phase reaching highest level in over 2-months

Posted on January 3, 2018 at 7:27 am GMT

AUDUSD extended its bullish run yesterday but is currently taking a pause after hitting 0.7844, its highest level since October 20. AUDUSD has room to extend towards 0.7900 since prices crossed above the 200-day moving average. The market is currently testing the key 0.7800 level. A daily close above it would help keep momentum to the upside. However, the stochastic and RSI indicators are overbought, which suggests that prices could risk pulling back. A drop back below the 200-day MA (around [..]

US Open Preview– Dollar on the backfoot; Auto shares drag European stocks lower

Posted on January 2, 2018 at 12:17 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was the worst performer among its major peers during early European trading hours as optimism on the Eurozone’s economic outlook and doubts over the effect of the US tax overhaul pushed the dollar index down to a three-month low of 91.75 (-0.29%). Euro/dollar approached a four-month peak at 1.2084 (+0.47%) and dollar/yen tumbled to 112.16 (-0.41%). Pound/dollar held strong above 1.35 (+0.30%) despite disappointing data on Markit UK manufacturing [..]

Special Report – Australian dollar : Monetary policy, iron ore, and Chinese risks

Posted on December 29, 2017 at 11:39 am GMT

The aussie enjoyed a decent run in 2017, but it is an open question if this will remain the case in 2018. Expectations for declines in iron ore prices and the prospect of a notable slowdown in the Chinese economy suggest that the risks surrounding the AUD over the coming year may be tilted to the downside. That said, many variables could change that and spell good news for the currency, including a potential hawkish shift in the RBA’s language. [..]

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