AUDUSD

Forex Market Review (Asian Session) – Dollar rebounds off five-month lows against yen; focus on US – Japan dialogue

Posted on April 18, 2017 at 7:40 am GMT

The US dollar rebounded on Tuesday, with the help of some comments from US Treasury Secretary Steven Mnuchin, which restored some demand for the greenback. US Treasury yields moved higher, which was supportive for the dollar and lifted it off five-month lows against the yen. The dollar index, which gauges the US currency against a basket of six major counterparts, was flat around 100.18. Mnuchin said that a strong US dollar would be positive over the long term, although he did [..]

Forex Market Review (European Session) – Dollar moderates Trump-driven losses after upbeat US jobless claims data

Posted on April 13, 2017 at 3:11 pm GMT

The dollar index against major currencies regained the key 100 level and the greenback’s losses against the yen that occurred after US President Donald Trump’s comments yesterday, have moderated. Late on Wednesday the President said the dollar is getting too strong and makes American goods more expensive overseas. Geopolitics was still also on the minds of investors today but their nervousness has somewhat abated. Some US data releases today briefly shifted investors’ focus away from concerns about North Korea, Syria, [..]

Forex Market Review (European Session) – Dollar moderates Trump-driven losses after upbeat US jobless claims data; gold hits new 5-week high

Posted on April 13, 2017 at 3:04 pm GMT

Forex News – Aussie surges by 1% on strong Chinese and Australian data

Posted on April 13, 2017 at 10:20 am GMT

The Australian dollar is sharply higher on Thursday after being lifted by strong employment data out of Australia, as well as from strong trade figures out of China. Following a 3-week slide that took the aussie to a 3-month low of 0.7472 against the US dollar yesterday, the Australian currency received a much needed boost today from a combination of a weaker greenback and positive economic indicators. Job figures released today in Australia allayed concerns about potential weakness in the [..]

FX Daily Outlook | 13-04-17

Posted on April 13, 2017 at 8:14 am GMT

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Forex Market Review (Asian Session) – Dollar extends losses on Trump comments; aussie jumps after solid Australian jobs report

Posted on April 13, 2017 at 7:30 am GMT

The dollar weakened further today after US President Donald Trump said in an interview with the Wall Street Journal that the greenback is “getting too strong”. The Australian dollar was a strong performer on the back of a solid jobs report. Trump expressed his concern that US businesses, especially manufacturers, won’t be able to compete with other countries since American goods would be more expensive when the dollar’s value is too high. Meanwhile, the US President also remarked that he [..]

Technical Analysis – AUDUSD surges above 200-day moving average; records 9-day high

Posted on April 13, 2017 at 7:21 am GMT

AUDUSD gained approximately 1% since the day’s open as it rose above the 200-day moving average (MA), setting a nine-day high. The RSI is theoretically neutral at 50 but steeply rose from bearish territory to reach its current level. As regards the stochastics, the %K line is in bullish territory -though not far above its neutral level- and above the slow %D line. Both indicators underlie the strong upside momentum currently in place. The area formed by the current level [..]

FX Daily Outlook | 12-04-17

Posted on April 12, 2017 at 8:59 am GMT

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Forex Market Review (Asian Session) – Gold and yen at five-month highs on geopolitical risk

Posted on April 12, 2017 at 7:37 am GMT

Geopolitical concerns continued to be the dominant theme in the markets today, the yen jumped to five-month high and gold traded at the highest level this year. Risk aversion also pushed investors into the safety of US Treasuries. News related to tensions over North Korea and Syria mostly took the market’s attention and Chinese inflation data today were shrugged off as the figure was around expectations. CPI increased 0.9% year-on-year in March, which slightly undershot forecasts for a 1.0% rise, [..]

Forex Market Review (Asian Session) – Dollar weakens, safe havens gain on geopolitics and Yellen comments

Posted on April 11, 2017 at 7:27 am GMT

Safe haven assets were in demand as risk aversion in the markets today drove investors to the yen and gold. Geopolitical concerns and Fed Chair Janet Yellen’s comments weighed on US Treasury yields. The dollar index consolidated losses after falling below the key 101 level yesterday. Tensions in Syria and growing unease about North Korea supported gold prices, which rose for a second day to reach an Asian session high of $1257.46. The Chair of the US central bank, Janet [..]

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