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AUDUSD

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European Session – Dollar surges above 113 yen on Trump tax comments

Posted on February 9, 2017 at 4:05 pm GMT

The yen fell back on Thursday as yesterday’s risk aversion ebbed slightly, although the recent uncertainty generated from Trump’s policies, the French elections and Brexit continued to weigh on market sentiment. The US dollar recovered from its earlier low of 111.70 yen to hit a European session high of 113.19 yen following the release of stronger-than-expected jobless claims out of the US and an announcement on taxes by the US President. Weekly jobless claims fell to a fresh 43-year low [..]

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Technical Analysis – AUDUSD short-term bullish, challenges bearish cross previously recorded

Posted on February 8, 2017 at 11:29 am GMT

AUDUSD is currently up for the day following 2 straight days of downside movement. The RSI indicator is at 63, well above the 50 threshold that separates bullish from bearish short-term sentiment. Adding to this, the MACD is positive with the histogram above the red signal line. On the upside, the February 2 near 3-month high of 0.7695 comes into view as immediate resistance. If the price breaks above this level, the pair would eye the early November 9½-month high [..]

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Week Ahead – RBA and RBNZ meetings eyed in quiet data week

Posted on February 3, 2017 at 4:35 pm GMT

Central bank meetings in Australia and New Zealand will come into focus next week in an otherwise muted seven days for economic data. Industrial output and trade data from Germany and the UK will also be eyed, while Canadian employment figures will be watched too. Clouded outlook for RBA rates The Reserve Bank of Australia will meet on Tuesday for its first policy meeting of 2017. It is expected to keep rates unchanged at the current record low of 1.50% [..]

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Forex News – Aussie hits 12-week high on record trade surplus

Posted on February 2, 2017 at 12:09 pm GMT

The Australian dollar shot higher on Thursday after Australia’s trade surplus hit a record in December. Data released earlier today showed Australia recorded a trade surplus of A$3.51 in December, topping estimates of A$2.20 billon. It compares with an upwardly revised figure of A$2.04 billion in November when Australia posted its first surplus since March 2014. The surplus was driven by a 5.3% jump in exports during the month, while imports rose by a more modest 0.7% rate. The data [..]

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Asian session – US dollar on back foot following Fed statement; aussie helped by trade numbers

Posted on February 2, 2017 at 8:46 am GMT

The US dollar was under some pressure during Thursday’s Asian session as the Fed statement from the previous day underwhelmed the market. The dollar index sunk to a 2 ½ -month low following the Fed statement, which showed little urgency on behalf of the rate-setting committee to raise rates.  The Fed’s decision to hold rates was unanimous and a no-change verdict was widely expected by market participants.  The Fed was upbeat on US economic prospects regarding both growth and inflation.  [..]

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Technical Analysis – AUDUSD near-term bullish with the price above both moving averages

Posted on February 1, 2017 at 12:50 pm GMT

AUDUSD has been rising for the second day in a row with the price eyeing last week’s near 2½-month high. Looking at the Ichimoku analysis, a positive alignment hinting to a bullish near-term bias has been in place since January 12 when the Tenkan-sen line (red) crossed above the Kijun-sen line (blue). Adding to this are the positively sloped Tenkan-sen and the RSI which is currently in bullish territory at 65. On the upside, the January 24 high of 0.7608 [..]

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