AUDUSD

RBA to leave room for thought on Tuesday – Forex News Preview

Posted on September 2, 2019 at 4:29 pm GMT

Australia is caught in the middle of the Sino-US trade war and although conditions seem to be getting worse rather than better, clouding the country’s economic outlook, the Reserve Bank of Australia is not expected to deliver further monetary easing when it announces its rate decision on Tuesday at 0430 GMT. The pause, however, could be only temporary. Its tied trade relations with China makes the commodity-linked Australian economy quite vulnerable to the Sino-US trade war and despite cutting interest rates twice this summer by 25bps, [..]

Week Ahead – Aussie Q2 data, RBA and BoC meetings, US jobs report and Brexit to make for a busy week

Posted on August 30, 2019 at 1:05 pm GMT

As the summer draws to a close, it will begin to get a little more heated in forex markets as a combination of central bank meetings, key releases and political risks look set to jump start the Autumn trading season. A raft of data out of Australia next week as well as an RBA policy meeting will keep aussie traders glued to their desks, though the Bank of Canada could steal the limelight as it ponders whether to make a [..]

Daily Market Comment – Dollar & stocks climb on trade hopes; inflation data eyed

Posted on August 30, 2019 at 8:15 am GMT

Optimism engulfs markets after China calms trade nerves – can it last? ECB policymakers downplay QE prospects, but euro doesn’t ‘buy it’ Euro area & US inflation data in the spotlight today Dollar index near 2-year highs as trade optimism lingers Global equity markets were a sea of green on Thursday, with European and American stocks gaining more than 1% after China indicated it won’t retaliate immediately to the latest US tariffs and that the planned trade talks could still [..]

Daily Market Comment – Pound sinks as Boris plays ultimate game of chicken

Posted on August 29, 2019 at 8:44 am GMT

Pound drops after PM Johnson suspends Parliament Risk appetite improves as China hints September trade talks may go ahead German inflation data and US second GDP reading on the radar today Sterling dives as Boris sets course towards a no-deal Brexit In a dramatic turn of events, UK Prime Minister Johnson announced yesterday he will prorogue Parliament, meaning that British lawmakers will not be able to debate or vote on anything between September 12 – October 14. The move is [..]

Daily Market Comment – Wall Street retreats on recession fears; oil soars

Posted on August 28, 2019 at 9:08 am GMT

Yen and gold advance, stocks retreat as recession worries intensify Pound recovers as no-deal Brexit risk recedes, but outlook still negative Oil jumps after massive inventory drawdown – official EIA figures due today Wall Street retreats as recession fears deepen A mild risk-off tone swept through global markets on Tuesday, with American stocks closing modestly in the red and the defensive Japanese yen outperforming most of its major peers. Likewise, gold prices logged some gains, as the commodity currencies – [..]

Technical Analysis – AUDUSD remains sideways; multi-year lows in sight

Posted on August 28, 2019 at 8:41 am GMT

AUDUSD has endured a 20-day trading range with upper boundary of 0.6820 and a lower boundary of 0.6734. The bears seem to be in control, keeping the price closer to the lower boundary, but have yet to close below it. It is worth mentioning that the Tenkan-sen has declined, distancing itself from the Kijun-sen, tilting more to a revival of the down move. The momentum indicators are also implying that the negative directional momentum could pick up, bringing a new [..]

Daily Market Comment – Risk sentiment fragile despite ‘calm’ trade rhetoric

Posted on August 27, 2019 at 8:16 am GMT

Markets recover as Trump strikes a conciliatory tone, but reality sinks in Further trade escalation seems imminent, so risk aversion may linger In the UK, opposition lawmakers will meet to avert a no-deal Brexit Risk sentiment in ‘no-man’s land’ as markets digest conflicting signals Global risk appetite recovered on Monday, following some encouraging signals on trade by the US President at the G7 summit. Trump said that Chinese officials had called the American negotiators in order to ‘get back to [..]

Daily Market Comment – Markets in mayhem as US hits China with new tariffs

Posted on August 26, 2019 at 8:22 am GMT

Risk aversion back in play as Washington escalates trade war But risk-off moves reverse on Monday after Trump calms spirits, for now US durable goods orders today eyed for signs of investment slowdown Yen soars, stocks crumble as trade war intensifies to a new level Trade fears continue to wreak havoc in global markets, with risk aversion making a sharp comeback on Friday after Washington and Beijing exchanged another round of retaliatory tariffs, escalating the trade war to a whole [..]

Daily Market Comment – Powell speech awaited as Fed hawks come out; pound jumps on Brexit hopes

Posted on August 23, 2019 at 8:13 am GMT

Markets await Powell’s Jackson Hole speech amid signs of resistance to further rate cuts US dollar holds firm as Treasury yields extend rebound; gold drifts lower Pound swings higher after Merkel and Macron boost Johnson’s chances of backstop changes All eyes on Jackson Hole Traders’ focus will centre on Fed Chairman Jerome Powell today when he makes his key address at the Jackson Hole Economic Symposium at 14:00 GMT. Speculation as to how dovish Powell’s speech will be have intensified [..]

Daily Market Comment – Dollar up after Fed minutes highlight divisions; ECB minutes next

Posted on August 22, 2019 at 8:14 am GMT

US dollar edges up after FOMC minutes shows Fed is split over rate cuts Yuan slips to 11-year low as growth worries resurface ECB minutes and Eurozone PMIs next in focus; euro subdued Fed minutes cast doubt on aggressive easing The minutes of the Federal Reserve’s July policy meeting released yesterday have laid bare the extent of the divisions within the Federal Open Market Committee (FOMC) over the need for lower interest rates amid mixed signs about the health of [..]

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