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AUDUSD

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Daily Market Comment – Dollar shrugs off Trump impeachment; aussie jumps on upbeat jobs data

Posted on December 19, 2019 at 9:03 am GMT

Dollar unfazed from US House vote to impeach Trump, edges up on higher Treasury yields Aussie and kiwi bounce higher on better-than-expected domestic data; loonie also firmer Pound steadier ahead of Bank of England decision   President Trump is impeached; markets don’t care President Trump became the third president in the history of the United States on Wednesday to be impeached after the House of Representatives, as expected, approved two charges against him for abuse of power and obstruction of [..]

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Technical Analysis – AUDUSD upswing denied by 200-day MA; heads down into Ichimoku cloud

Posted on December 18, 2019 at 9:50 am GMT

AUDUSD failed to close above the 200-day simple moving average (SMA) and reversed lower, currently resting near the flat 50-day SMA within the Ichimoku cloud. It appears that as momentum has diminished, something also displayed by the horizontal Ichimoku lines and 50- and 100-day SMAs, a period of consolidation may be on the cards. The short-term oscillators suggest that negative momentum has weakened. The MACD, above its red trigger line in the positive zone, has faded slightly, while the RSI [..]

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Daily Market Comment – Markets begin to tone down ahead of holiday season; sterling extends slide

Posted on December 18, 2019 at 9:31 am GMT

Stock market rally loses steam as investors await further details on ‘phase one’ deal Pound continues to slip on revived no-deal Brexit fears Dollar supported by upbeat US data Aussie, kiwi and loonie on the backfoot; domestic data in focus Stocks pause for breath on lack of fresh headlines The global rally in equities appeared to be running out of steam on Wednesday as shares succumbed to profit taking after several days of impressive gains. Equities received a major boost [..]

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Australian jobs report unlikely to temper expectations of more RBA easing – Forex News Preview

Posted on December 17, 2019 at 3:24 pm GMT

Employment numbers out of Australia will come under the spotlight on Thursday at 02:30 GMT as questions marks remain about the robustness of the Australian economy. Recent indicators out of the country have been on the soft side, keeping rate cut expectations well and truly alive. Nevertheless, the Australian dollar has been able to post an impressive rebound on the back of the de-escalation in Sino-US trade tensions. But could another month of poor jobs data jeopardise the aussie’s upswing? [..]

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Daily Market Comment – Pound slips as hard Brexit fears resurface; stocks regain momentum

Posted on December 17, 2019 at 9:10 am GMT

Pound tumbles as Johnson raises the stakes in getting Brexit done by December 2020 Stock markets continue to cheer US-China trade deal despite some doubts Aussie under pressure after RBA hints at February rate cut Sterling faces Brexit reality check The British pound is on the slide following reports that UK Prime Minister Boris Johnson will use his huge parliamentary majority to make an amendment to the Withdrawal Agreement to make it illegal for the transition period to be extended [..]

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Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:33 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equity rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

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Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:28 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equities rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

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Week Ahead – BoE and BoJ to stand pat, Riksbank may hike; last flash PMIs of 2019 eyed

Posted on December 13, 2019 at 11:47 am GMT

The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days and it’s going to be a busy week for economic data as well, with the December flash PMI releases attracting the most attention. The pound [..]

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Daily Market Comment – Pound storms higher as Tories win; stocks hit new records on US-China deal

Posted on December 13, 2019 at 9:38 am GMT

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit polls for the UK election suggested that Boris Johnson’s Conservatives would win a strong majority in Parliament, something confirmed by the official results a few [..]

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US tariff decision: Art of the deal or election playbook? – Special Report

Posted on December 12, 2019 at 5:10 pm GMT

The White House is set to announce whether it will postpone the next round of tariffs on China, with President Trump tweeting moments ago that a phase one deal is “very close”. Even if this deal isn’t reached by Sunday, when the new tariffs are set to kick in, Trump is still likely to postpone them in order to keep the negotiations going. It seems very unlikely at this stage that he would pull the trigger on the new tariffs, [..]

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