AUDUSD

Forex News – Australian jobs data casts doubt on RBA’s neutral stance

Posted on March 16, 2017 at 12:23 pm GMT

Australia’s unemployment rate unexpectedly ticked higher in February, casting doubt on the Reserve Bank of Australia’s neutral bias on interest rates. The jobless rate rose to a 13-month high of 5.9% in February, missing estimates that it would stay unchanged at 5.7%. Total employment fell by 6.4k, after rising by 13.5k in January. Expectations were for 16k jobs to be added in February. The underemployment rate, which includes part-time workers seeking full-time jobs in addition to those unemployed, also rose, [..]

FX Daily Outlook | 16-03-17

Posted on March 16, 2017 at 9:45 am GMT

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Asian Session – Euro gains on positive outcome of Dutch elections; Dollar extends post-FOMC losses; gold rallies

Posted on March 16, 2017 at 8:22 am GMT

The US dollar remained weak against its major counterparts during the Asian session after making big losses on Wednesday despite the Federal Reserve delivering a rate hike. Following a two-day meeting, the Fed announced an increase in its benchmark interest rates by 25 basis points to a range of 0.75% – 1.00%. This was widely expected by the markets so the focus was on the projection for further hikes. It was apparent in the statement issued after the FOMC meeting [..]

Technical Analysis – AUDUSD bullish; Pair records three-week high

Posted on March 16, 2017 at 8:16 am GMT

AUDUSD recorded a near-three week high during yesterday’s trading and is currently up for the day, though not by much. The RSI indicator is in bullish territory well above the 50 neutral level at 62. Adding to this positive short-term signal is the MACD histogram which is positive and above the red signal line. It should be noted though that the histogram is not far above zero. On the upside, the February 23 four-month high of 0.7740 could provide some [..]

FX Daily Outlook | 14-03-17

Posted on March 14, 2017 at 9:42 am GMT

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Week Ahead – Fed expected to raise rates, but BoJ, BoE to hold fire

Posted on March 10, 2017 at 4:31 pm GMT

With a number of central bank meetings lined up next week, the US Federal Reserve is the only one that’s expected to make a move. Central bank meetings in Japan, Norway, Switzerland and the UK may end up being a non-event as all eyes will be on the FOMC’s updated rate projections. The US will also dominate in terms of data as inflation and retail sales numbers are due to be published. Bank of Japan to stand still as further [..]

European Session – Euro gains on less dovish Draghi, Macron’s lead

Posted on March 9, 2017 at 4:01 pm GMT

The main event for the day was the European Central Bank’s policy meeting. The ECB kept monetary policy on hold as expected while its President, Mario Draghi, struck a less dovish tone than usual that helped boost the euro. In terms of economic releases, US initial jobless claims gathered most investor attention. The ECB left its key interest rates unchanged as it convened for its policy meeting today (refinancing rate at 0%, deposit rate at -0.4% and marginal lending rate [..]

FX Daily Outlook | 08-03-17

Posted on March 8, 2017 at 9:36 am GMT

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Forex News – RBA holds rates; reduced odds for rate cut due to rising household debt

Posted on March 7, 2017 at 3:45 pm GMT

Interest rates in Australia were left unchanged following a policy meeting by the Reserve Bank of Australia on Tuesday. This was the sixth consecutive meeting where the main cash rate was kept at a record low 1.50%, ever since the 25 basis-point cut in August last year. The Australian dollar rose against the US dollar soon after the RBA decision due to the upbeat tone of the statement and due to the market lowering its expectation for a rate cut [..]