AUDUSD

US Open Preview– Dollar index tumbles to 3-month low; FTSE at fresh record highs

Posted on December 29, 2017 at 11:22 am GMT

Here are the latest developments in global markets: FOREX: The dollar index stretched its downtrend toward a fresh three-month low of 92.34 (-0.26%) as investors stood less confident on the outlook of the US economy, while gains in the euro and the pound pressured the index even further. Euro/dollar hit a three-month high of 1.1986 (+0.33%) and pound/dollar (+0.41%) surged to a three-week high of 1.3511. The kiwi, the aussie and the loonie drifted higher relative to the greenback to levels last seen in October. STOCKS: [..]

European Open Preview – Dollar hits fresh one-month low; oil rises to highest since mid-2015

Posted on December 29, 2017 at 8:33 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded marginally lower against a basket of major currencies, touching its lowest level since late November. STOCKS: Japan’s Nikkei 225 closed lower, albeit by less than 0.1%, while Hong Kong’s Hang Seng was up by nearly 0.3%. Futures tracking the Euro Stoxx 50 were up 0.2%, while those tracking the Dow Jones, S&P 500 and Nasdaq were all higher by roughly 0.1%. The Dow yesterday finished at an all-time [..]

US Open Preview – Dollar broadly under pressure ahead of jobless claims numbers

Posted on December 28, 2017 at 11:45 am GMT

Here are the latest developments in global markets: FOREX: The US currency remained broadly weaker versus other major currencies in thin trading ahead of New Year celebrations. Commodity currencies maintained their positive momentum as oil and other metals remained on the rise. STOCKS: Major European blue-chip indices were not much changed around midday. The pan-European Stoxx 600 was roughly flat, with basic materials outperforming on the back of rising commodity prices and technology once again coming under pressure; tech stocks [..]

Technical Analysis – Outlook 2018: AUDUSD remains above strong rising trend line; more gains are expected

Posted on December 28, 2017 at 10:24 am GMT

AUDUSD is trying to snap the four-monthly losing period as it is posting a positive December, surging more than 2.6% so far. The pair almost tested the ascending trend line, which is holding since last year, at the beginning of the month and is recouping some of its previous month’s losses. In addition, the price found as strong support the 50% Fibonacci retracement level, near 0.7475, with the low at 0.6820 and the high at 0.8125, and is moving towards [..]

European Open Preview – Dollar broadly down as long-term yields decline; US data in focus

Posted on December 28, 2017 at 8:27 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies headed lower, touching its lowest in nearly a month, as the greenback was hurt by falling long-term Treasury yields. STOCKS: The Japanese Nikkei 225 lost 0.6% and Hong Kong’s Hang Seng was up by 0.7%. Euro Stoxx 50 futures traded down by 0.1% at 0731 GMT, while Dow, S&P 500 and Nasdaq 100 contracts were all up by around 0.1%. COMMODITIES: WTI and [..]

Technical Analysis – AUDUSD in bullish phase at 2-month high

Posted on December 28, 2017 at 7:50 am GMT

AUDUSD is in a bullish phase in the short term after a strong rally off the key 0.7500 area was extended up to a 2-month high. The recent rebound in AUDUSD has room to extend towards 0.7900 since prices crossed above the 200-day moving average and RSI is rising. However, the stochastic is overbought, which suggests prices could risk pulling back. The market is currently testing the key 0.7800 level. A daily close above it would help keep momentum to [..]

US Open Preview– Commodity currencies strengthen; dollar weakens ahead of data

Posted on December 27, 2017 at 11:54 am GMT

Here are the latest developments in global markets: FOREX: A strong rally in metal and oil prices on Tuesday continued to support the loonie, the aussie and the kiwi against the dollar during early European trading hours on Wednesday. The aussie and the kiwi hit fresh two-month highs at $0.7768 (+0.53%) and $0.7073 (0.50%) respectively, while dollar/loonie extended its downleg towards a three-week low at 1.2650 (-0.30%). The euro rose to an intra-day high of $1.1890 (0.25%) and the pound reached a one-week high of $1.3413 (+0.25%). [..]

European Open Preview – Dollar hits 3-week low as commodity currencies gain ground

Posted on December 27, 2017 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued retreating, recording a three-week low. Meanwhile, commodity currencies, including the loonie, aussie and the kiwi, were posting multi-week highs versus the greenback. STOCKS: The Nikkei 225 closed 0.1% higher. The Hang Seng was down by 0.1%, while the Shanghai Composite lost 0.9%. Euro Stoxx 50 futures traded higher by 0.1% at 0728 GMT, with Dow, S&P 500 and Nasdaq 100 contracts all being roughly flat. COMMODITIES: WTI [..]

US Open Preview – Euro cautious on Catalonia; Spanish stocks face headwinds

Posted on December 22, 2017 at 12:16 pm GMT

Here are the latest developments in global markets: FOREX: The euro remained around Friday’s lows as investors were worried that tensions between Madrid and Catalonia would escalate after regional elections on Thursday gave a narrow majority to secessionists. The euro stood against the dollar at 1.1851 (-0.19%) while versus the pound it slipped to 0.8856 (-0.05%) after final British Q3 GDP growth readings came in higher than expected on a yearly basis. Pound/dollar approached the 1.34 key level in the wake [..]

European Open Preview – Catalan vote pressures euro; US core PCE awaited

Posted on December 22, 2017 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded slightly higher versus a basket of currencies and further above a two-week low hit earlier in the week. Despite this, it was still on track to record a weekly loss. The euro was down, though it recovered to a significant extent earlier losses after the results from Catalonia’s regional elections showed a victory for pro-independence forces. STOCKS: The Japanese Nikkei 225 and Topix indices finished the day higher [..]

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