AUDUSD

European Open Preview – Equities extend gains; UK Parliament blocks no-deal

Posted on April 4, 2019 at 8:05 am GMT

Pound advances as UK Parliament blocks no-deal exit; all eyes on May-Corbyn talks Equities extend winning streak as trade optimism rides high ECB minutes the highlight on today’s calendar Parliament blocks no-deal Brexit, pound advances The Brexit process continues to dominate headlines. The House of Commons voted by the narrowest of margins (313-312) to force Theresa May to ask the EU for an extension beyond April 12. Lawmakers, not the government, will decide the length of the delay, subject to [..]

European Open Preview – Pound climbs as May warms up to Corbyn; stocks jump

Posted on April 3, 2019 at 8:03 am GMT

Encouraging trade signals lift risk sentiment; high-level talks resume today Sterling climbs as May warms up to Corbyn to break deadlock Dollar pulls back ahead of ADP report and ISM non-manufacturing PMI Risk appetite boosted by hopes for trade breakthrough After a relatively uneventful session on Tuesday, during which major US stock indices such as the S&P 500 closed flat, risk sentiment was lifted overnight by some encouraging signs on the trade front. Reports suggest that top US and Chinese [..]

Technical Analysis – AUDUSD sees bullish action but signals still weak

Posted on April 3, 2019 at 7:05 am GMT

AUDUSD had an impressive start early on Wednesday, fully recovering the losses it made on Tuesday, but the technical indicators suggest a continuation of the recent neutral situation in the short term as the MACD has yet to enter positive territory and show strength above its red signal line. The RSI has pierced its 50 neutral mark once again, however with the indicator holding close to this threshold, significant gains are less likely to occur. Further upside may initially retest the 61.8% [..]

European Open Preview – Stocks, dollar rip higher as growth fears ease

Posted on April 2, 2019 at 8:17 am GMT

Rebound in Chinese PMIs fuels rally in global stocks, dollar advances Pound outperforms as ‘soft’ Brexit outcomes or long extension seem likely Aussie drops after RBA recalibrates language Stocks and dollar cruise higher as China-induced rally lingers Global equity markets started the second quarter on a strong footing, after a decent set of PMI data out of China during the weekend calmed some nerves around the global growth outlook, amplifying the appeal of riskier assets. Wall Street shares rallied, with [..]

RBA meets; might struggle to stay neutral – Forex News Preview

Posted on March 29, 2019 at 2:12 pm GMT

The Reserve Bank of Australia made a major shift in policy in February by signalling that a rate cut was just as likely as a rate hike, abandoning its long-held tightening bias. However, investors have gone a step further and are pricing a 25-basis point reduction in the cash rate by August. With recent economic data suggesting the RBA’s recently downgraded growth forecasts are already looking overoptimistic, the RBA will have a hard time maintaining its current neutral stance and [..]

Week Ahead – RBA to mull dovish shift; resilient dollar eyes US jobs report

Posted on March 29, 2019 at 1:19 pm GMT

Bond markets will remain on edge in the coming week as the Reserve Bank of Australia could become the next central bank to switch to a dovish stance and possibly amplify the flight to safety, which has sent sovereign bond yields plummeting. Another catalyst for market volatility could come from the US jobs report, which has the capacity to either reverse or extend the rally in bond prices. There will be no shortage of US data with plenty of other [..]

European Open Preview – Pound plunges as May makes final push for her deal; dollar holds firm as trade talks eyed

Posted on March 29, 2019 at 9:25 am GMT

Sterling is in freefall again after Prime Minister May decides to put her deal to a third vote, but without the political deceleration on a future relationship Dollar holds near highs despite lower GDP revision as Treasury yields recover Stocks bounce back as bond rally eases and on optimism of US-China trade deal MPs to vote again on Withdrawal Agreement minus the political declaration British prime minister, Theresa May, made a last-ditch attempt to get her Brexit deal through Parliament. [..]

European Open Preview – Dollar firms as its peers struggle; pound slips as MPs fail to reach Brexit consensus

Posted on March 28, 2019 at 9:25 am GMT

US dollar continues to inch higher despite falling yields as more central banks join dovish bandwagon Pound comes under pressure after indicative votes produce no majority for any option and May’s offer to quit fails to win enough support for her deal Kiwi and aussie rebound from lows but euro extends declines Dollar defies lower US yields as other government bond yields fall more The US currency rose to fresh two-week highs on Thursday, with the dollar index approaching the [..]

European Open Preview – Dollar edges up as Treasury yields stabilize; Kiwi slumps as RBNZ hints at rate cut

Posted on March 27, 2019 at 9:17 am GMT

Dollar firmer despite weak US data as Treasury rally eases New Zealand dollar nosedives after RBNZ says rate cut more likely than a hike Pound choppy ahead of crucial indicative votes on Brexit in Parliament Steadier Treasury yields help dollar regain some footing The US dollar edged higher against a basket of currencies on Wednesday, extending Tuesday’s gains, as steadier Treasury yields alleviated the recent selling pressure, especially against the yen. The dollar index rose to a 2-week high of [..]

Technical Analysis – AUDUSD fails to exit Ichimoku cloud; indicators signal neutral bias

Posted on March 27, 2019 at 7:25 am GMT

AUDUSD has been consolidating within the Ichimoku cloud since the price found strong support at the 0.7000 psychological level. The neutral picture in the short-term could last for longer if the bulls find hard to break above the upper line of the cloud as in the previous sessions. The neutral bias is supported by the deterioration in the momentum indicators. The RSI is approaching its threshold of 50, while the MACD oscillator is flattening near the trigger and zero lines. Should the price retreat [..]

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