AUDUSD

Asian Session – Aussie rises after RBA; greenback steady as markets eye risk events

Posted on March 7, 2017 at 8:23 am GMT

It was a relatively quiet Asian session with most currencies trading in a range as investors were cautious ahead of upcoming risk events such as this week’s US jobs report and the March 14-15 Federal Reserve policy meeting, while political uncertainties in Europe also led to a lackluster session. The Australian dollar was the best performing major currency after the Reserve Bank of Australia held interest rates steady and maintained an optimistic view on the economy. The main cash rate [..]

FX Daily Outlook | 06-03-17

Posted on March 6, 2017 at 9:14 am GMT

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Asian Session – Yen strengthens on safe haven demand

Posted on March 6, 2017 at 8:37 am GMT

Risk aversion due to geopolitical concerns weighed on markets during Monday’s Asian session. The yen was stronger as investors moved into safe havens following news of a North Korean missile launch. The dollar slipped against the yen in Asian session trading to reach a low of 113.65, moving further off last week’s high of 114.74 when then greenback was boosted on growing expectations of an interest rate hike by the Federal Reserve this month. The dollar index was down 0.1 [..]

Week Ahead – NFP eyed ahead of FOMC; ECB and RBA also in focus

Posted on March 3, 2017 at 4:55 pm GMT

The latest non-farm payrolls out of the United States will be on traders’ watch list next week as another solid report will likely be taken as confirmation that the Fed will raise rates when it meets in mid-March. In the meantime, there will be other central bank meetings to keep traders occupied as both the Reserve Bank of Australia and the European Central Bank will be holding their policy meetings. RBA likely to remain neutral Following the upbeat fourth quarter GDP [..]

FX Daily Outlook | 03-03-17

Posted on March 3, 2017 at 9:28 am GMT

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Technical Analysis – AUDUSD short-term bearish after hitting a one-month low

Posted on March 3, 2017 at 8:32 am GMT

AUDUSD continues its fall as it hit a one-month low in today’s trading. Yesterday it declined by 1.35%. As regards the short-term outlook, the RSI indicator is pointing to a bearish picture as it is currently below 50 at 41. On the upside, a range of prices around the 0.76 handle (between 0.7580 and 0.7620) have proved to be key ones in the recent past and should prices head higher this range could provide resistance. Note that this range includes [..]

FX Daily Outlook | 01-03-17

Posted on March 1, 2017 at 9:23 am GMT

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Asian Session – Dollar rises on Fed rate hike expectations despite lack of details on Trump policies

Posted on March 1, 2017 at 8:16 am GMT

The main focus of the markets was US President Donald Trump’s testimony in front of Congress. Trump’s speech was optimistic about the US economy and markets welcomed his pro-growth agenda. But nothing new was said and there was a lack of clarification on infrastructure spending, tax and regulatory relief, aside from asking Congress to set aside $1 trillion for infrastructure spending. The dollar initially fell as Trump spoke, as investors were disappointed there were no details on policies. Dollar / [..]

Week Ahead – Busy week for US and Japan data; Trump Congress address also eyed

Posted on February 24, 2017 at 3:59 pm GMT

The United States and Japan will have the busiest calendars next week for economic data, while Australian growth figures and the Bank of Canada’s policy meeting will also come into focus. In other data, Eurozone flash inflation numbers should attract some attention too. But President Trump’s joint address in Congress could prove the biggest market mover if he outlines details on the much talked about tax reforms. Australian economy expected to rebound in Q4 After a surprise contraction in the [..]