AUDUSD

Forex Market Review (Asian Session) – Safe-havens pull back as US seeks peace with N.Korea; dollar steady ahead of FOMC

Posted on September 18, 2017 at 7:58 am GMT

On Monday, safe-haven currencies were trading lower as UN leaders were preparing to kick off a meeting on Tuesday to discuss possible solutions on North Korea’s nuclear programs, with the US seeking a peaceful resolution. The dollar was hovering sideways ahead of the FOMC meeting. With the economic calendar lacking significant releases during the Asian session, the dollar index was mainly flat at 91.88 as investors were waiting for the two-day FOMC meeting ending on Wednesday. Although investors anticipate Fed policymakers to keep rates unchanged, they will be focused [..]

Forex Market Review (Asian Session) – Dollar posts short-lived losses after North Korea’s missile; focus on US retail sales

Posted on September 15, 2017 at 8:01 am GMT

North Korea carried a second missile test in less than a month early on Friday, lifting risk-off sentiment and pushing the dollar lower against its safe-haven counterparts. However, the currency managed to reverse its losses immediately, with investors turning their focus on US retail sales after CPI readings came in higher than expected on Thursday. During early Asian trading hours, officials from South Korea and Japan reported that North Korea fired a ballistic missile that crossed over Japan’s northern island [..]

Forex News – Stronger-than-expected Australian Labor data push aussie higher

Posted on September 14, 2017 at 11:32 am GMT

The aussie was hovering around a 10-day low of $0.7970 during early Asian hours when upbeat labor figures out of Australia for the month of August lifted the currency slightly above the $0.80 key-level. However, improving conditions in the labor environment are said to do little for interest rates to rise from record-low levels as price pressures remain subdued. According to the Australian Bureau of Statistics, the economy added 54,200 jobs in August instead of the 15,000 expected and almost twice the [..]

Forex Market Review (Asian Session) – Dollar index steady above 92 key-level; sterling flat ahead of BOE decision

Posted on September 14, 2017 at 7:51 am GMT

On Thursday, the dollar index was moving sideways above the 92 key-level in Asia, as investors ignored another aggressive warning from North Korea and instead were cautious whether US inflation data released later today would change the chances of the Fed raising interest rates again this year. Meanwhile, the pound was flat at yesterday’s lows ahead of the Bank of England’s policy meeting later today. Early in Asia, the North Korean regime threatened to use its nuclear weapons to “sink” [..]

Forex Market Review (Asian Session) – Euro finds support on news of greater EU integration; dollar ticks down

Posted on September 13, 2017 at 7:47 am GMT

Currencies were trading quietly during the Asian session ahead of a busy calendar on Wednesday, with markets reacting little to the latest North Korean threats. The dollar weakened slightly with investors expecting inflation data to be released later today, while the euro ticked up after news stated that the President of the European Commission Jean-Claude Junker will call for more EU integration in his speech at the European Parliament later today. The dollar index was trading 0.08% down in Asia at [..]

Technical Analysis – AUDUSD bullish trend intact but upside momentum eases

Posted on September 13, 2017 at 6:19 am GMT

AUDUSD is in an uptrend but is making a corrective move lower after hitting a high of 0.8124 last Friday. This was the highest level since May 2015. The key level at 0.8000 is expected to act as strong support. The RSI and MACD oscillators are flat and are indicative of a loss in upside momentum for AUDUSD, which is expected to consolidate above 0.8000 support. A breach of this would target the August 15 low at 0.7807. Below this [..]

Week Ahead – BoE MPC vote eyed amid slowing UK growth; US CPI and retail sales in focus before FOMC

Posted on September 8, 2017 at 3:26 pm GMT

Industrial output and retail sales data will dominate the economic calendar week, and inflation and employment will also be in focus. However, the week looks set to be a less dramatic one from the past seven days with policy meetings by the Bank of England and the Swiss National Bank unlikely to bring much surprises. Australian employment report to be watched as aussie rallies The Australian dollar is on track to end the week 1.5% higher against its US counterpart [..]

Forex Market Review (Asian Session) – Dollar falls to 32-month low; rivals hit fresh highs

Posted on September 8, 2017 at 7:45 am GMT

It was another difficult session for the US dollar as numerous factors including political issues, disappointing economic numbers, and dangerous natural phenomena weighed heavily on the currency driving it to a 32-month low. Consequently, the dollar’s weakness boosted other majors and helped them reach new highs. The dollar fell to low levels not seen since the beginning of 2015 during the Asian trading hours, as the country is preparing to welcome another powerful Hurricane named Irma in Florida, hopes for another rate hike soon are fading [..]

Forex Market Review (Asian Session) – Dollar fails to rise on higher US debt ceiling; focus on ECB

Posted on September 7, 2017 at 7:44 am GMT

After a surprise rate hike from the Bank of Canada, US Congressional leaders and the president decided unexpectedly on late Wednesday to raise the government’s debt limit. However, the dollar failed to strengthen, as geopolitical risks continued to weigh on the markets, while the Fed’s Vice Chairman surprised markets by submitting his resignation. The euro was also in focus, as investors are widely expecting the European Central Bank to kick off its policy meeting later today. On Wednesday, the US [..]

Forex Market Review (European Session) – Loonie shines as BOC raises rates; oil prices hit fresh highs ahead of API

Posted on September 6, 2017 at 3:18 pm GMT

Although the North Korean story is still in progress, spreading fears to the international community and forcing investors to give up high-yield assets and buy less risky ones, the focus during the European trading hours turned back to the economic calendar. Trade and non-manufacturing PMI data were out of the US, while Canada released trade figures prior the BOC’s surprising decision to raise rates. The loonie climbed to a fresh 2-year high versus the greenback, while oil peaked at new [..]

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