AUDUSD

European Open Preview – Dovish RBA sinks aussie; dollar shines

Posted on May 21, 2019 at 8:34 am GMT

Aussie gives up election gains as RBA rate cuts come in focus US calms nerves by temporarily easing sanctions on Huawei Dollar advances as other currencies lose shine Aussie reverses lower as RBA rate cut bets soar The election-related boost that the aussie received yesterday proved short-lived, with the currency giving back nearly all its gains early on Tuesday, following the release of minutes from the latest RBA meeting and some remarks by Governor Lowe. The minutes played up the [..]

European Open Preview – Pound recovers some losses; dollar reigns supreme

Posted on May 20, 2019 at 8:16 am GMT

Sterling crumbles as no-deal Brexit risk returns Aussie gets a lift from politics, but outlook still grim Dollar continues to reign supreme as other currencies lack appeal Pound dives as May’s grasp on power weakens Sterling took yet another hit on Friday, with Cable falling to its lowest level since January as the British political landscape darkened. Cross-party talks between Theresa May’s Conservatives and the opposition Labour party collapsed, dashing hopes for a bipartisan compromise to break the Brexit deadlock. [..]

Week ahead – European elections & PMIs, Fed minutes, and much more

Posted on May 17, 2019 at 12:40 pm GMT

While lacking in central bank meetings, the coming week is still a busy one. A poor showing by the UK Conservatives in the European Parliament elections could make it even more likely that Theresa May is replaced with someone that wants to deliver Brexit ‘no matter what’, keeping the pound on the back foot. Meanwhile, preliminary Eurozone PMIs are unlikely to change the euro’s fortunes, while the Fed minutes may strike a ‘neutral’ tone, leading to a slight unwinding of [..]

European Open Preview – Pound slumps as May expected to step down; dollar lifted by strong data and earnings

Posted on May 17, 2019 at 8:22 am GMT

Pound continues to slide as cross-party Brexit talks set to end and countdown begins to PM May’s exit Euro also on the backfoot as Italian political worries re-emerge US dollar climbs to 2-week high following strong corporate earnings and solid US data Pound extends losing streak as Brexit risks rise Sterling is on track to post its sixth straight day of losses and to end the week 1.6% lower as Prime Minister Theresa May’s days look numbered. It was confirmed [..]

European Open Preview – Yen and franc firm again as Trump bans Huawei, fuelling tensions with China

Posted on May 16, 2019 at 8:29 am GMT

Trump continues to up the pressure on China; imposes ban on telecom giant Huawei But some relief as US delays auto tariffs decision for now Dollar softer after unexpectedly weak data out of the United States Aussie worst performer as rise in Australian unemployment raises rate cut bets Fragile market mood as trade tensions remain elevated Markets were mostly in risk-off mood on Thursday as a combination of on-going trade frictions and disappointing economic data out of the world’s two [..]

European Open Preview – Stocks bounce back as Trump downplays China tensions but weak data weigh on aussie

Posted on May 15, 2019 at 8:16 am GMT

Trade worries continue to ease after Trump calls latest escalation “a little squabble” Equities attempt a rebound on the back of the improving risk appetite But aussie and yuan held back from disappointing Chinese data Risk appetite recovers on Trump’s “little squabble” comments The US president, Donald Trump, sought to play down the latest spat with China on Tuesday, telling reporters “We’re having a little squabble with China because we’ve been treated very unfairly for many, many decades”. Trump also [..]

Technical Analysis – AUDUSD may lose a little bit more

Posted on May 15, 2019 at 6:54 am GMT

AUDUSD has been driving on a slippery road the past five weeks, breaking a key support around the 0.70 level to reach a fresh four-month low of 0.6921. The RSI is close to its 30 oversold level but the bears have yet to challenge the lower Bollinger band, a sign that more losses could follow before the price potentially rebounds. Another bearish wave could find support at 0.6898, in the crossroads of the lower Bollinger band and the 23.6% Fibonacci of the [..]

Battered aussie looks to wage growth and jobs numbers – Forex News Preview

Posted on May 14, 2019 at 3:13 pm GMT

After taking a beating from an escalation in US-China trade tensions, the Australian dollar will now look to the nation’s wage growth data for Q1, due at 00:30 GMT on Wednesday. The all-important employment stats for April will follow on Thursday at 01:30 GMT; they may prove crucial in determining whether the RBA will cut rates soon. The Reserve Bank of Australia (RBA) held off from cutting interest rates the last time it met, but kept that option very much [..]

European Open Preview – Markets steadier after Trump’s comments; gold eases from highs

Posted on May 14, 2019 at 8:52 am GMT

China retaliates by raising its own tariffs against US products, throwing markets into turmoil But some optimism returns to markets after Trump says he thinks trade talks will “be very successful” Gold softer after surging on Monday, stocks sell-off eases Volatility eases as Trump keeps trade deal hopes alive After a day of turmoil in financial markets, things got off to a steadier start on Tuesday with the help of some upbeat comments by US President Trump. Global equities plunged [..]

European Open Preview – Stocks slip again as trade tensions remain heightened; yen and franc up

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

Trade tensions continue to simmer as China pushes back on US demands But two sides agree to hold more talks, keeping risk-off in check Safe-haven currencies such as the yen and the Swiss franc rise along with US government bonds US threatens new tariffs as talks with China stall US and Chinese negotiators failed to break the deadlock over trade in their talks last week as China refuses to change its laws to enact the reforms agreed in months-long negotiations. [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms