AUDUSD

Forex Market Review (Asian Session) – Dollar caps losses, gains against majors; kiwi tumbles to more than 2-month lows

Posted on August 24, 2017 at 7:47 am GMT

The dollar managed to recoup some of yesterday’s losses against the yen, when the US currency tumbled on the President’s remarks about a government shutdown. Other majors also weakened with the kiwi underperforming as it tumbled to more than a two-month lows against the greenback. Oil prices slipped after yesterday’s surge. During another relatively quiet trading day in Asia, the dollar managed to reverse its losses and post a moderate gain against the yen. Dollar/yen was last trading at 109.27, [..]

Forex Market Review (Asian Session) – Trump yet again induces dollar weakness against yen; other majors edge down

Posted on August 23, 2017 at 7:23 am GMT

President Trump has yet again induced weakness in the US currency with his remarks about a possible government shutdown to fulfill his campaign promises. The greenback weakened against the yen, but gained against other majors making the dollar index flat on the day. The release of flash PMI data out of the eurozone will attract some traction during early hours of European trading. Speaking at a rally in Phoenix, President Trump said “If we have to close down the government, we [..]

Technical Analysis – AUDUSD in neutral phase; key 0.80 level acts as strong resistance

Posted on August 23, 2017 at 7:03 am GMT

AUDUSD shifted to neutral after failing to make a sustained move above the key psychological level at 0.8000. After a brief spike to a more than two-year high of 0.8065 on July 27 the market reached extreme conditions as the RSI reached overbought levels. Momentum signals are weak and consequently AUDUSD is now consolidating around the 23.6% Fibonacci retracement level of the rise from 0.7328 to 0.8065, at 0.7888. Both MACD and RSI are pointing down, giving room for more [..]

Forex Market Review (Asian Session) – Washington drama continues to weigh on markets, investors await Jackson Hole

Posted on August 21, 2017 at 7:41 am GMT

In the absence of any significant economic data releases during today’s Asian trading, the political drama surrounding President Trump continued to take central stage. The President fired his chief strategist Steve Bannon on Friday and in that way continued the string of staff shake up in the White House. The key event of this week will be the meeting of central bankers in Jackson Hole towards the end of the week. Late on Friday, markets got another news out of [..]

Forex Market Review (European Session) – Loonie spikes on rising inflation; consumer sentiment provides some relief to weak dollar

Posted on August 18, 2017 at 2:57 pm GMT

Ahead of the US session open, a jump in the Canadian dollar was one of the biggest moves of the day following the inflation figures out today. The release of the Michigan consumer sentiment index that surprised to the upside provided an early lift to the weak dollar. However, the greenback was still down against most majors due to a heavy plunge in the prior few sessions. The dollar index fell around 0.30% to last trade at 93.36. The Canadian [..]

Forex Market Review (European session) – Euro slides to 3-week lows on ECB overshoot concerns; dollar weighed by Trump, Fed

Posted on August 17, 2017 at 2:27 pm GMT

The euro underperformed its peers in today’s European session as a combination of option expiries and dovish ECB meeting minutes drove the single currency to three-week lows against the US dollar. The greenback managed to reverse around half of yesterday’s losses brought on by the FOMC minutes that showed growing concern among some Fed policymakers that inflation might remain below 2% for longer than anticipated. In other currencies, the pound was unable to get much of a lift from stronger-than-expected [..]

Forex News – Aussie extends gains as Australian employment climbs, but number of full-timers decreases

Posted on August 17, 2017 at 9:55 am GMT

In July, employment in Australia rose more than expected. However, full-time jobs decreased while the number of part-timers increased. The RBA projects labor conditions improving in the upcoming years and hence boosting the overall economy by driving consumption higher. After the data release, the Australian dollar experienced volatility relative to its US counterpart, rising to a near two-week high later during early European trading hours. On Thursday, the Australian Bureau of Statistics published labor data for the month of July. [..]

Forex Market Review (Asian Session) – Yen gains on Fed minutes, commodity-linked aussie extends gains, oil inches up

Posted on August 17, 2017 at 7:44 am GMT

As Asian traders were heading home for the day, the yen rose and the dollar extended declines following the release of the Federal Reserve meeting minutes last night. The aussie firmed up following a rally in base-metal prices. The rest of the day looks busy with several economic data publications across Europe and the US along with the release of the European Central Bank meeting minutes. The dollar fell against the yen and other majors after the release of the [..]

Forex Market Review (Asian Session) – Dollar continues gaining against yen after yesterday’s surge on upbeat retail sales

Posted on August 16, 2017 at 7:48 am GMT

The US dollar continued gaining during the Asian session following yesterday’s spike versus the yen on upbeat retail sales. Sterling was also down against the greenback during morning trading, while other majors including the euro, aussie, kiwi and the Canadian dollar managed to recoup some of the losses against the US currency. The dollar index was broadly flat at 93.84. In terms of economic data, today’s first session of the day was relatively quiet. The wage price index for the [..]

Forex Market Review (Asian Session) – Dollar steady against yen after yesterday’s surge on upbeat retail sales

Posted on August 16, 2017 at 7:42 am GMT

The US dollar held steady during the Asian session following yesterday’s spike versus the yen on upbeat retail sales. Sterling was also down against the greenback during morning trading, while other majors including the euro, aussie, kiwi and the Canadian dollar managed to recoup some of the losses against the US currency. The dollar index was broadly flat at 93.84. In terms of economic data, today’s first session of the day was relatively quiet. The wage price index for the [..]

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