AUDUSD

Daily Market Comment – RBNZ to slash rates; more blues for the kiwi?

Posted on November 12, 2019 at 9:35 am GMT

Kiwi underperforms as investors bet that RBNZ will cut rates overnight Pound rejoices as Brexit party warms up to Tories, but risks seem tilted to the downside UK jobs data, Germany’s ZEW survey, and Fed-speak today RBNZ set to cut rates after inflation expectations drop The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. A rate cut seems quite likely, after a survey released overnight showed that the nation’s 2-year inflation [..]

Australian wages and jobs data could hold key to future rate cuts – Forex News Preview

Posted on November 11, 2019 at 4:11 pm GMT

Labour market indicators will be watched out of Australia next week as the closely watched data could provide clues as to whether or not the Reserve Bank of Australia will lower rates again in the coming months. The quarterly wage price index is released on Wednesday at 0030 GMT and employment numbers will follow at the same time on Thursday. Although investors have priced out further aggressive easing, the RBA remains glum about wage and inflation prospects, leaving the door [..]

Daily Market Comment – US stocks cruise to new records, but Hong Kong weighs

Posted on November 11, 2019 at 9:41 am GMT

Risk aversion strikes back as Hong Kong protests intensify and trade doubts resurface Dollar advances without new catalysts, loonie stumbles on weak data UK GDP numbers due, but sterling keeps its sights on election polls Hong Kong jitters send global equities back down, lift yen US stock markets levitated to new records on Friday, undeterred by some remarks from President Trump that he hasn’t decided yet whether he is willing to roll back tariffs on China to get the ‘phase [..]

Week ahead – German recession, RBNZ rate decision, and a flood of data

Posted on November 8, 2019 at 1:47 pm GMT

The RBNZ will be the lone major central bank to decide on rates next week, but that doesn’t mean the schedule is light, as there’s an abundance of key economic data ripe for release. German growth figures will reveal if the euro area’s traditional star player entered a technical recession, while in America, a testimony by Fed chief Jay Powell could provide clues around the recent ‘pause’ in rate cuts. Beyond regular economics, markets will keep a watchful eye on [..]

Daily Market Comment – Risk appetite softens on mixed US signals about trade deal; pound slips after BoE

Posted on November 8, 2019 at 9:20 am GMT

Markets remain optimistic of a US-China deal but US officials cast doubt over tariff rollback Dollar set for weekly gains as yen on the pull back Pound skids after Bank of England signals possible rate cut Confused messages on tariff concession Risk appetite cooled off slightly on Friday as confusing signals by US officials on whether the White House is ready to accept the roll back of some of the tariffs on Chinese imports raised question marks about China’s assertion [..]

China’s trade data may call for a phase one deal – Forex News Preview

Posted on November 7, 2019 at 11:02 am GMT

China is scheduled to report its trade statistics early on Friday at a time when Washington and Beijing are seeking to sign the so-called phase one deal possibly early next month. The results, however, followed by a not-so encouraging US trade report are expected to show that there is no winner or loser in this trade war, a sign that no side is likely to hold a negotiating advantage when the leaders finally meet. Trade war did not bring the [..]

Daily Market Comment – Markets whipsaw on conflicting trade headlines; US-China deal moves closer

Posted on November 7, 2019 at 9:28 am GMT

US-China trade deal appears back on after earlier reports of a possible delay causes brief spike in risk aversion Yen led on a roller-coaster ride by on-off-on trade deal prospects Pound steady ahead of Bank of England meeting US and China reportedly agree to roll back some tariffs Trading got off to a volatile start on Thursday as negative headlines late on Wednesday quickly turned positive. Doubts emerged about the likelihood of the US and China being able to sign [..]

Daily Market Comment – Dollar steadier after US data boost; stock market rally cools

Posted on November 6, 2019 at 9:18 am GMT

US dollar surges on strong ISM non-manufacturing PMI before steadying Stocks get off to softer start as trade deal euphoria starts to fade Euro pressured by stronger dollar; kiwi up despite disappointing jobs numbers Dollar hits 3-week high on upbeat PMI Better-than-expected economic data and optimism that the US and China are nearing a ‘phase one’ trade deal lifted the US dollar to the highest in three weeks against a basket of currencies on Tuesday. The dollar index reached a [..]

Daily Market Comment – Stocks rally on rising trade deal hopes; yuan hits 3-month high

Posted on November 5, 2019 at 9:04 am GMT

Growing optimism that a partial trade deal between the US and China is within reach boosts risk assets Yen and Swiss franc extend losses, yuan climbs to highest in three months Aussie edges up after RBA keeps rates steady; dollar eyes ISM non-manufacturing PMI US may roll back some China tariffs Optimism around a ‘phase one’ US-China trade deal continued to boost risk appetite on Tuesday, lifting stocks and other risk assets, while dampening demand for safe havens such as [..]

Technical Analysis – AUDUSD extends recovery, supported by Bollinger bands

Posted on November 5, 2019 at 8:19 am GMT

AUDUSD has been printing higher highs and higher lows since the beginning of October, with any pullbacks being capped by the lower Bollinger band on the 4-hour chart. The near-term outlook therefore seems to have shifted to positive, though a break above 0.6930 may be needed to cement that. Short-term momentum oscillators concur with the bullish bias, as the RSI climbed above 50 and is pointing higher, while the MACD seems ready to challenge its red trigger line at any [..]

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