AUDUSD

European Open Preview – Dollar at 2-week highs; Nikkei rebounds

Posted on December 7, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar hit a two-week high against a basket of currencies as optimism on US tax reform continued to support the currency, though concerns over a possible government shutdown restricted steeper upside movement. The euro and the pound were on track to post the third day of consecutive losses versus the greenback, while the loonie tumbled to a one-week low after the BOC expressed caution for further rate hikes. The aussie [..]

US Open Preview – Brexit bears lead pound; stocks continue declining; BOC rate decision pending

Posted on December 6, 2017 at 12:27 pm GMT

Here are the latest developments in global markets: Forex: Sterling stretched toward a fresh one-week low of 1.3360 (-0.61%) as fears over a potential impasse in Brexit talks, which could postpone negotiations until February and therefore scale back business investments, lingered in the background. The dollar steadied versus the yen near one-week lows as concerns over a government shutdown offset positive sentiment related to the delivery of tax reforms. The euro was trading flat against the greenback at 1.1824, while versus sterling it managed to [..]

European Open Preview – Aussie sinks on GDP miss; BoC decides on rates

Posted on December 6, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar weakened against its major counterparts on Wednesday as unless a deal is reached the government will run out of funds on Friday. This is spreading fears of a partial government shutdown. The pound was under pressure amid weakening hopes for progress on Brexit talks and on reports of a failed plan to kill the UK Prime Minister. The aussie tumbled in the wake of disappointing GDP growth figures and the kiwi surged [..]

US Open Preview – Sterling struggles as Brexit fears loom; stocks down; dollar & loonie gather attention

Posted on December 5, 2017 at 12:11 pm GMT

Here are the latest developments in global markets: Forex: The Australian dollar continued to trade around three-week highs at $0.7645 (+0.63%) following upbeat data on retail sales and the RBA’s decision to keep rates steady at record low levels. In the Eurozone though, retail sales disappointed markets with the measure diving unexpectedly to a three-week low as food prices fell sharply. Euro/dollar retreated in the wake of the data but erased its losses afterwards, trading flat at $1.1872. Sterling dipped to a five-day [..]

European Open Preview – Aussie boosted by retail sales while tech selloff spreads to Asia

Posted on December 5, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The RBA held rates unchanged on early Tuesday as expected, but the aussie hit a three-week high following upbeat retail sales figures which pointed to an improved economic outlook. The kiwi also posted a strong rebound, erasing yesterday’s losses after the RBNZ governor said that the central bank had less leverage over inflation. Sterling was on the backfoot as the UK Prime Minister failed to satisfy the EU on Brexit elements, while the [..]

Aussie awaits RBA’s rate decision but eyes on consumption – Forex News Preview

Posted on December 4, 2017 at 4:40 pm GMT

“If the economy continues to improve as expected, it is more likely that the next move in interest rates will be up, rather than down,” said the RBA Governor, Philip Lowe in his speech at the Australian Business Economists’ annual dinner two weeks ago. But then he immediately highlighted that in the near term, an adjustment in monetary policy is not strongly considered as inflation remains subdued while the economy has still room for growth. Given this statement, RBA policymakers are [..]

European Open Preview – Dollar and equities sentiment upbeat; market awaits Brexit meeting

Posted on December 4, 2017 at 8:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar bounced to a 2-½ -week high against the yen during Asian trading following the approval of the tax overhaul bill by the Senate on Saturdaydespite persisting political noise in the country. Consequently, the dollar’s strength pushed other currencies lower, with the kiwi being the worst performer of the session. STOCKS: The Nikkei 225 finished 0.5% lower and the Hang Seng was up by 0.5% minutes before the day’s close; Euro [..]

Week Ahead – RBA and BoC meet; Aussie GDP and US jobs report eyed

Posted on December 1, 2017 at 4:09 pm GMT

The first week of December will get off to a packed start with a number of key indicators and central bank meetings set to keep traders busy. Among the highlights are Australian GDP figures for the third quarter, European industrial output figures and US nonfarm payrolls. Also in focus are central bank meetings in Australia and Canada. RBA to hold rates as Aussie GDP rebounds The Australian dollar will be under the spotlight next week as a flurry of economic [..]

European Open Preview – Pound shines on Brexit hopes; tech stocks decline; OPEC meeting, US & eurozone inflation take the stage

Posted on November 30, 2017 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar was firmer against its major peers but headed for a monthly loss as a rising pound and a stronger euro capped gains arising from investors’ positive sentiment on the US economy despite ongoing geopolitical tensions in the Korean peninsula. Against the yen, the greenback hit a fresh one-week high, while it gained the most relative to the kiwi. STOCKS: The Nikkei 225 closed 0.6% higher and the Hang Seng [..]

Minor slowdown expected in Chinese manufacturing activity; aussie also in spotlight – Forex News Preview

Posted on November 29, 2017 at 4:03 pm GMT

Chinese official manufacturing and services PMIs for the month of November are due on Thursday at 0100 GMT, while Caixin’s respective measure for the manufacturing sector is scheduled for release on Friday at 0145 GMT. According to analysts’ projections, the official manufacturing PMI will decline to 51.4 in November from October’s 51.6. Despite the ongoing rebalancing in the Chinese economy resulting in the services sector playing an ever more prominent role in terms of contribution to economic activity, the bulk [..]

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