XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

AUDUSD

  1. XM
  2. AUDUSD
post-image

Forex Market Review (Asian Session) – Aussie pressured by weak retail sales; greenback steady after tumble on dovish Dudley comments

Posted on April 3, 2017 at 7:31 am GMT

The aussie was one of the worst performing major currencies following weak Australian retail sales data. The dollar index, which measures the greenback against a basket of currencies, remained above the 100 psychological level. The yen was little changed after a report showed an improving outlook among Japan’s largest firms. The Bank of Japan’s Tankan survey rose for a second straight quarter to hit a one-and-a-half year high in March.  The headline index for big manufacturers’ sentiment stood at plus 12 [..]

post-image

Technical Analysis – AUDUSD neutral outlook as the price falls below the 50-day moving average

Posted on April 3, 2017 at 7:13 am GMT

AUDUSD is down from the day’s open while it recorded a six-day low in today’s trading as well. Both the RSI and stochastics are in bearish levels while in the case of the stochastics, the %K line has also crossed below the slow %D line. It is of note though that RSI is close to the 50 neutral level at 46 and the %K line is not deep into bearish territory. On the upside, the 50-day moving average (MA) at [..]

post-image

Week Ahead – US NFP, RBA meeting and UK PMIs among highlights in busy data week

Posted on March 31, 2017 at 3:03 pm GMT

It will be a busy week for economic data in the next seven days, which will be dominated by PMI surveys and trade figures. The highlight though will come from the latest non-farm payrolls numbers out of the United States, while the Reserve Bank of Australia’s policy meeting and the Bank of Japan’s Tankan survey will also be watched. Japanese business outlook expected to improve further The Bank of Japan will publish its quarterly Tankan survey on Monday and the [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar on track for weekly gains after lift from US GDP data; China manufacturing PMI rises

Posted on March 31, 2017 at 7:53 am GMT

The US dollar is set to end the week with gains after being lifted by strong US GDP data and hawkish Federal Reserve officials who support further rate increases this year. The Australian dollar was underpinned by upbeat Chinese data. China’s official factory gauge rose to the highest level in almost five years, with the March manufacturing PMI coming in at 51.8 versus a 51.7 reading expected and was up from the previous 51.6 print. Today’s data points to stabilization [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar broadly stronger on positive Fed rate hike outlook; pound steady after Article 50 trigger

Posted on March 30, 2017 at 7:48 am GMT

The dollar index rose on the positive outlook for US interest rates while the euro remained under pressure on ECB-related headlines. Sterling was stable after a big dip earlier in the week ahead of the triggering of Article 50 that took place yesterday. The US currency benefitted from some upbeat rhetoric from Federal Reserve officials who support further rate hikes. While the consensus is for a total of three increases in the interest rate this year, Boston Fed President Eric [..]

post-image

Investment Theme – Commodity currencies struggle on faltering Trumpflation trade

Posted on March 29, 2017 at 9:59 am GMT

The pullback in the US dollar over the past two weeks has brought little relief to commodity-linked currencies, as their resilience against the resurgent greenback had been underpinned by the Trumpflation trade, which came close to being fully unwound this week. Currencies such as the Australian, New Zealand and Canadian dollars have come under pressure in the past week on fears that the reflation trade inspired by Trump has come to an end. Market expectations that Donald Trump’s presidency would [..]

post-image
post-image

European Session – Dollar stable; FOMC officials, including Yellen, in focus

Posted on March 28, 2017 at 3:17 pm GMT

Currency markets were in consolidation mode for the most part during today’s European session trading with major currency pairs not much changed from the levels they closed yesterday. Better-than-expected consumer sentiment did allow the dollar to advance a bit relative to other currencies. The dollar index was little changed relative to where it started the day, but above the 99 level and yesterday’s low which marked one of the lowest levels for the index since Donald Trump won the US [..]

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.