AUDUSD

Technical Analysis – AUDUSD bullish in the near-term after hitting a fifteen-week high

Posted on February 24, 2017 at 8:14 am GMT

AUDUSD is currently more or less unchanged from the day’s open. Yesterday it recorded a fifteen-week high of 0.7740. Looking at the Ichimoku analysis, the positive alignment when the Tenkan-sen line (red) crossed the Kijun-sen (blue) in mid-January is still in place. This bullish short-term signal is reinforced by the RSI indicator, which is at currently at 64, well above the 50 neutral level. On the upside, yesterday’s high (0.7740) is expected to provide resistance. A successful break above it [..]

FX Daily Outlook | 23-02-17

Posted on February 23, 2017 at 9:04 am GMT

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Asian Session – Euro recovers as French election concerns ease; dollar steadies after drop following FOMC minutes

Posted on February 23, 2017 at 8:11 am GMT

The US dollar fell sharply after the release of the FOMC minutes late on Wednesday. Despite saying that a rate hike would be appropriate ‘fairly soon’, the minutes of the January 31- February 1 Fed policy meeting did not pinpoint a March hike. Since the markets did not view the minutes as hawkish as was hoped for, the dollar was sold off, and it fell below the key 113-yen level briefly. In the minutes, there appeared to be a lack [..]

FX Daily Outlook | 22-02-17

Posted on February 22, 2017 at 10:00 am GMT

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Forex News – Australian jobs report mixed; Aussie eases after initial jump

Posted on February 16, 2017 at 1:20 pm GMT

Australia’s unemployment rate unexpectedly declined in January, significantly boosting the Australian dollar against other major currencies. However, a more careful look into the details underpinning the data painted a more of a mixed picture and led to the aussie dollar easing off from earlier gains. Delving into the numbers, January’s unemployment rate fell to 5.7% from 5.8% the previous month. Expectations were for the rate to stay put at 5.8%. The economy added 13,500 jobs in January, far higher than [..]

FX Daily Outlook | 16-02-17

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

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Technical Analysis – AUDUSD short-term bullish with a neutral medium-term outlook

Posted on February 14, 2017 at 11:19 am GMT

AUDUSD has been posting some gains in today’s trading so far. The rise in price has more than pared yesterday’s fall. The RSI is currently at 64, well above the 50 threshold distinguishing bullish from bearish short-term sentiment. This is reinforced by the stochastics as the %K line is also in bullish territory, while it has crossed above the slow %D line. On the upside, the February 2 near 3-month high of 0.7695 is likely to provide some resistance (note [..]

FX Daily Outlook | 14-02-17

Posted on February 14, 2017 at 10:01 am GMT

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Week Ahead – Inflation and Japan GDP in focus; Yellen testimony also eyed

Posted on February 10, 2017 at 4:17 pm GMT

Inflation will be the most watched data next week as China, the UK and the US report their monthly CPI figures. Japanese GDP numbers will also be important as Japan’s economy continues to show increasing signs of strength, while the Riksbank’s latest monetary policy meeting will likely attract attention too. However, the week’s highlight could come from Fed Chair Yellen’s testimony in Congress, which will be the first since Trump took office. Japan to post fourth straight quarter of growth [..]