AUDUSD

Daily Market Comment – Markets unimpressed by Fed’s hawkish cut; aussie slips on weak jobs data

Posted on September 19, 2019 at 8:32 am GMT

Fed lowers rates as expected, signals may not cut again; BoJ stands pat, could move in October Dollar see-saws on Fed decision, stocks pare initial losses; BoE awaited Aussie and kiwi extend slide after data fuels rate cut expectations Powell soothes market nerves as split vote casts doubt on rate outlook There were no surprises from overnight decisions by the Federal Reserve and the Bank of Japan as the US central bank cut its benchmark rate by 25 [..]

Australian jobs data could strengthen the case for more stimulus – Forex News Preview

Posted on September 18, 2019 at 4:11 pm GMT

Asian traders will see the release of the Australian monthly employment report on Thursday at 0130 GMT and expectations are for a gloomy set of figures that may likely raise the odds for another rate cut later in the year. On Tuesday, the minutes of the Reserve Bank of Australia’s September policy meeting reminded markets that the door for further monetary easing remains open as policymakers closely monitor global and domestic economic conditions. Having cut interest rates twice in the summer, the RBA decided to [..]

Technical Analysis – AUDUSD capped by the 50.0% Fibonacci; moves into Ichimoku cloud

Posted on September 18, 2019 at 9:26 am GMT

AUDUSD shifted sideways into the Ichimoku cloud after its attempt to recoup the losses that commenced on July 19 was halted at the ceiling of 0.6880 – the 50.0% Fibonacci retracement level of the down leg from 0.7081 to 0.6676. The 21-day simple moving average (SMA) seems to be approaching a bullish cross, while the Tenkan-sen line has inclined sharply above the Kijun-sen one, both suggesting some positive strength. However, the MACD and the RSI reflect decreasing positive momentum, as [..]

Daily Market Comment – Oil eases but stocks remain pressured; dollar edges up as focus turns to Fed

Posted on September 17, 2019 at 8:24 am GMT

Oil prices fall back slightly as imminent risk of war recedes, but tensions remain elevated US dollar in demand ahead of Fed decision; heightened tensions provide support Aussie slips after RBA minutes leave door open to another near-term rate cut Oil markets calmer but tensions high Crude oil prices moderated slightly on Tuesday as the United States and Japan pledged to release their countries’ oil reserves if needed, while President Trump said he’d like to “avoid” going to war with [..]

Daily Market Comment – Oil soars after Saudi attacks; yen and gold up too

Posted on September 16, 2019 at 8:21 am GMT

Oil prices skyrocket after Yemen rebels launch air strikes on Saudi oil facilities Safe havens also jump as poor Chinese data adds to risk-off mood Pound eases from highs after EU casts doubt on Johnson’s claim of Brexit progress Oil prices surge to 4-month high after Saudi oil attacks Crude oil prices skyrocketed on Monday, recording their biggest intra-day gain since 1991 after Houthi rebels in Yemen reportedly carried out drone and cruise missile strikes on two major Saudi Arabian [..]

Week Ahead – Central banks bonanza awaits: Fed might disappoint, BoJ could surprise, more Brexit blues for BoE

Posted on September 13, 2019 at 1:30 pm GMT

With the ECB meeting over, it’ll be the turn of other central banks to try and impress stimulus-hungry markets with no less than four major policy meetings still to come. The Bank of Japan, the Bank of England, the Swiss National Bank, and of course, the Federal Reserve will announce their decisions over the next seven days. Economic data will also make the headlines as Canada, Japan and the United Kingdom publish inflation stats, China releases industrial production and retail [..]

China’s monthly data eyed as aussie rides trade optimism – Forex News Preview

Posted on September 13, 2019 at 10:27 am GMT

The world’s second-largest economy will see the release of its industrial production, retail sales, and fixed asset investment data for August early on Monday, at 02:00 GMT. Forecasts point to a pickup in most indicators, which if confirmed, may signal that Beijing’s stimulus measures are finally starting to pay off. While that may help the China-sensitive aussie recover more ground, any signals around the upcoming trade talks could prove far more important for the Australian currency. The Chinese economy slowed [..]

Daily Market Comment – ‘Super Mario’ delivers, but not enough to keep euro down

Posted on September 13, 2019 at 8:26 am GMT

ECB cuts rates & restarts QE, but Draghi’s hints that monetary policy is at its limits push euro higher Stocks soar, havens drop on reports of an ‘interim’ US-China trade deal US retail sales today may be crucial for whether Fed delivers a ‘hawkish rate cut’ next week Euro rides the ECB rollercoaster, ends higher The European Central Bank (ECB) meeting was not short of excitement, with policymakers slashing the deposit rate by 10 basis points to -0.50% and restarting [..]

Commodity dollars bounce back on easing headwinds but outlook remains as clouded as ever – Special Report

Posted on September 12, 2019 at 2:28 pm GMT

Commodity-driven currencies such as the Australian, New Zealand and Canadian dollars are enjoying a bit of a reprieve from an extended sell-off as rekindled hopes of a US-China trade deal and increased stimulus around the world have energized the struggling currencies. But despite early indications that the upcoming trade talks may actually produce substantive progress, the range of factors weighing on the aussie, kiwi and loonie means more downside is likely to come. The ongoing trade war has dented the [..]

Daily Market Comment – ECB meeting front and center as trade worries ease

Posted on September 12, 2019 at 8:36 am GMT

ECB decision today – euro reaction to hinge on size of stimulus package Trade fears recede after US and China extend olive branches – stocks soar Oil prices dive as Trump considers easing Iran sanctions ECB meeting: Is ‘Super Mario’ coming with a bazooka or a toy gun? The much-anticipated ECB meeting concludes today at 11:45 GMT, and a press conference by President Mario Draghi will follow at 12:30 GMT. Policymakers are widely expected to deliver a blend of stimulus [..]

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