AUDUSD

Eyes on Australian employment report after flash PMIs; aussie hits 30-month high – Forex News Preview

Posted on December 15, 2020 at 1:05 pm GMT

Australia’s employment report for November is likely to be in the spotlight on Thursday at 0030 GMT after the flash PMIs figures on Tuesday, 22:00 GMT. In December’s Reserve Bank of Australia’s (RBA) policy meeting, the minutes showed its Board feared a protracted period of unemployment lay ahead and rectifying that would be a priority. Nevertheless, the aussie continues to move higher against the US dollar but may soon need a boost for stronger bullish movements. Unemployment predicted to remain unchanged; flash PMIs [..]

Daily Market Comment – Dollar steadies amid fresh virus restrictions; stimulus and Brexit talks linger

Posted on December 15, 2020 at 9:36 am GMT

Tighter virus restrictions dampen vaccine optimism; dollar halts slide, stocks struggle US stimulus talks gain momentum but still no agreement London lockdown knocks pound off its Brexit perch as ‘narrow path’ to deal eyed New virus curbs weigh on sentiment Optimism that an end to the global pandemic is within sight was unable to override the darkening clouds on the immediate horizon as Covid restrictions are on the up again. After Germany’s news that it is to enter a hard [..]

Technical Analysis – AUDUSD’s sturdy uptrend unbroken; bullish signals grow

Posted on December 14, 2020 at 10:49 am GMT

AUDUSD is confronting the fresh near 30-month high of 0.7571, attempting to revive the upside trajectory, despite the mini-pullback in the pair. The bullish Ichimoku lines are sponsoring positive momentum, while the advancing simple moving averages (SMAs) are defending the predominant positive picture. The short-term oscillators seem to be favouring an upside scenario. The MACD, some distance in the positive region, is fairly in-line with the flattening red trigger line, while the RSI looks to be in the process of [..]

Daily Market Comment – Pound jumps as Brexit deadline extended yet again

Posted on December 14, 2020 at 9:47 am GMT

Pound soars after Britain and the EU agree to continue talking Progress in US stimulus talks also lifts markets’ spirits, dollar sags But cause for caution ahead of Fed meeting, stocks up modestly UK and EU agree to go “extra mile” to get a deal After a bruising week, sterling was once again riding high on renewed optimism for a post-Brexit trade deal on Monday. UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen had set [..]

Daily Market Comment – ECB ‘disappointment’ lifts euro, equities struggle

Posted on December 11, 2020 at 12:05 pm GMT

Euro jumps after ECB fails to over-deliver on stimulus package Stocks bounce as Mnuchin hails progress in stimulus talks, but fall back Oil breaks higher, unscathed by recent negative developments Brexit will continue to dominate ahead of Sunday ‘deadline’ ECB firepower fails to impress markets, euro spikes Those looking for a euro-killing stimulus package by the European Central Bank were left disappointed yesterday, with policymakers delivering exactly as much ‘juice’ as markets anticipated. The Bank expanded its QE program by [..]

Daily Market Comment – Can the ECB muster enough firepower to sink the euro?

Posted on December 10, 2020 at 10:06 am GMT

ECB decision the main event today, can policymakers over-deliver? Stock markets retreat from record highs as US stimulus talks stall Pound drops after top-level Brexit meeting yields no breakthrough Gold under pressure too, yet aussie dollar defies cautious mood ECB preview: Sinking the euro won’t be easy The spotlight will fall on the European Central Bank today, which is widely expected to deliver another easing package of around €500bn, likely complemented by more ultra-generous loans to banks. The bad news [..]

Technical Analysis – AUDUSD conveys further hikes; momentum favours upside

Posted on December 10, 2020 at 9:13 am GMT

AUDUSD is pushing up against the near 30-month high of 0.7483 as buyers look to extending the uptrend. Positive momentum is growing in the technical indicators and the rising simple moving averages (SMAs) are preserving the prevailing bullish picture. The short-term oscillators display improving momentum. The MACD, in the positive region, is holding above its static red signal line, while the RSI is flirting with the 70 level. Moreover, advances in price are being endorsed by the stochastic %K line, [..]

Daily Market Comment – Investors on alert as California shuts down, gold glitters

Posted on December 8, 2020 at 10:28 am GMT

Markets revert to old pandemic playbook amid new US restrictions Nasdaq hits new highs, but other stock indices drop alongside oil Gold stages heroic comeback, bigger picture still encouraging Sterling on the back foot as PM Johnson heads to Brussels Big tech shines as pandemic concerns resurface A sense of caution has crept back into global markets, as investors try to balance the prospect of more government stimulus and central bank liquidity against the grim pandemic reality, with California announcing [..]

Technical Analysis – AUDUSD falls near 0.7400 in upward sloping channel

Posted on December 7, 2020 at 8:46 am GMT

AUDUSD is falling near the 20-period simple moving average (SMA) after the bounce off the 28-month high of 0.7450, reached on December 3. The price has been trading within an upward sloping channel over the last month. The RSI indicator is heading south in the positive territory, while the MACD is dropping beneath its trigger line in the bullish zone. Also, the pair is capped by the red Tenkan-sen line suggesting some losses in the very short-term. Immediate support could [..]

After the vaccine boost, what’s next for the commodity dollars? – Special Report

Posted on December 4, 2020 at 1:54 pm GMT

It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international trade and on commodity prices – the lifelines of the three economies. But as countries around the world make progress towards recovering from the once-in-a-generation crisis, Australia and New Zealand seem poised to bounce back the quickest. Canada’s recovery may be slightly shakier due to its over dependency on the United States and oil exports. But [..]

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