AUDUSD

Week Ahead – US retail sales, Aussie jobs, Chinese industrial output to stand out in quiet week

Posted on May 10, 2019 at 11:33 am GMT

With market anxiety heightened about the direction of the US-China trade talks, economic data might struggle to distract traders next week given the shortage of top-tier releases. Still, there will be several major indicators that investors should keep an eye on, including Australian employment and wage figures, Chinese industrial output and retail sales readings, revised GDP estimates from the Eurozone, the UK jobs report and retail sales numbers out of the United States. Australian jobs stats could be key for [..]

European Open Preview – US raises tariffs, but traders still think it’s posturing

Posted on May 10, 2019 at 8:02 am GMT

Markets barely react after US raises tariffs, may be too complacent US inflation data coming up, may weigh on the dollar a little UK GDP and Canadian jobs figures also due Trump hikes tariffs, but complacent markets still see it as posturing As threatened, the US raised its tariffs on $200bn of Chinese goods to 25% overnight, from 10% previously. Beijing immediately responded it will be forced to retaliate, without providing any specifics. Yet, markets took the news in their [..]

Specter of trade war returns to haunt markets – Special Report

Posted on May 9, 2019 at 2:43 pm GMT

Investor attention has turned back to trade, as the US considers whether to launch another round of tariffs on China early on Friday (04:00 GMT). If tariffs are indeed increased, that would probably send stock markets plunging as investors brace for China’s retaliation, or worse yet for a breakdown in the talks. In the bigger picture though, the most likely endgame is still that a deal will ultimately be reached. After months of optimistic comments from both the US and [..]

European Open Preview – Nervous markets await tariff decision

Posted on May 9, 2019 at 8:31 am GMT

Markets remain in risk-off mode ahead of tariff decision tonight Risks seem tilted towards escalation, but it’s a close call Dollar eyes remarks by Fed Chair Powell and PPI data Yen extends gains as nervous markets await tariff decision Market sentiment remains fragile on Thursday as the prospect of further escalation in the US-China trade conflict continues to dampen the appeal of riskier assets, leading investors to seek shelter in safe havens. Indeed, the Japanese yen outperformed all its major [..]

Technical Analysis – EURJPY rises after touching 4-month trough; negative bias holds

Posted on May 8, 2019 at 8:55 am GMT

EURJPY has tumbled towards a fresh four-month low of 123.10 this week as the price started a bearish rally from the 126.80 resistance level. The technical picture supports that the bearish view is likely to continue in the short-term. The MACD is stretching to the downside below its trigger line and the stochastic oscillator is hovering in the oversold zone in the 4-hour chart. In case of more negative pressures, the market could meet support at the 123.10 level while [..]

European Open Preview – Risk aversion accelerates; RBNZ cuts

Posted on May 8, 2019 at 8:25 am GMT

Stocks plunge, haven assets shine as markets focus on trade risks RBNZ eases its policy, but kiwi bounces back Pound tumbles amid lack of progress in cross-party Brexit talks Risk aversion accelerates as trade worries prevail Trade concerns dominated price action on Tuesday, with global stock markets accelerating their losses while haven assets like the Japanese yen extended their gains, as traders continued to reduce their risk exposure ahead of crucial events later this week. Strikingly, there was no fresh [..]

Technical Analysis – AUDUSD finds strong support at 4-month low; creates bearish triangle

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

AUDUSD is looking more positive as prices have climbed above the 0.7000 handle after bouncing off the four-month low of 0.6960, however, it is creating a descending triangle formation starting from 0.7390 and finding significant support at 0.6960 over the last five months. Currently, the pair is hovering near the red Tenkan-sen line with the technical indicators suggesting a possible upside correction. The RSI indicator is sloping upwards in the negative territory, while the stochastic oscillator is moving higher after [..]

Chinese trade data eyed as tensions with US simmer again – Forex News Preview

Posted on May 7, 2019 at 10:31 am GMT

China will publish monthly trade numbers on Wednesday to be followed by inflation figures for April on Thursday. There is no confirmed release time for the trade data, but Thursday’s price readings are due at 01:30 GMT. The latest stats on goods inflow and outflow come amid a fresh spike in trade tensions with the United States. As talks between the two economic powerhouses look set to drag on, investors will be carefully sifting through the data as they search [..]

European Open Preview – Stocks don’t ‘buy’ Trump’s threats; RBA holds fire

Posted on May 7, 2019 at 8:20 am GMT

US stocks stage comeback as markets doubt Trump’s tariff threats Aussie soars after RBA remains on hold RBNZ decides next – may also disappoint those looking for a cut Stocks bounce back as traders doubt Trump will escalate All eyes remain on the US-China trade conflict. Risk sentiment recovered yesterday as the session progressed, with US stock markets recouping most of their early losses to close only modestly lower. It seems investors didn’t really ‘buy’ Trump’s tariff threats, perhaps concluding [..]

RBA may have to wait a little longer for a cut – Forex News preview

Posted on May 6, 2019 at 3:48 pm GMT

Tuesday’s policy meeting by the Reserve Bank of Australia (RBA) will attract special attention as the pressure is growing on policymakers to cut interest rates after key economic measures disappointed, putting the central bank’s “wait-and-see” approach into question. While, a rate cut could be wisely avoided ahead of the federal elections this month, investors would still search for signs of whether the Bank could perhaps proceed as soon as this summer. It is clear than when a central bank wants [..]

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