AUDUSD

European Open Preview – Dollar roars back; euro crumbles on soft PMIs

Posted on March 22, 2019 at 9:09 am GMT

Dollar recoups Fed losses as other currencies soften Stocks climb amid renewed trade optimism Pound trims losses as EU offers short extension Euro plunges after Germany’s manufacturing PMI signals more pain ahead Dollar roars back, recoups Fed losses The US dollar staged a remarkable comeback on Thursday, advancing against a basket of six major currencies to recoup all the losses it recorded following the Fed meeting, even without any positive US catalyst or news. What is particularly striking, is that [..]

European Open Preview – Dollar reels as Fed abandons hikes; BoE decides

Posted on March 21, 2019 at 9:08 am GMT

Fed ‘dot plot’ shows no hikes in 2019, dollar crumbles Sterling dives as May requests short extension; BoE meeting and EU summit today SNB remains on hold, reiterates readiness to intervene in FX market Dollar plunges as Fed abandons rate hike plans – easing bets grow The Fed meeting wasn’t short of surprises. There was no change in policy, as expected, but the officials revised down their rate projections in the famous ‘dot plot’ quite significantly, to the point that [..]

Australian jobs data to drive odds for more stimulus – Forex News Preview

Posted on March 20, 2019 at 3:52 pm GMT

Australian employment figures will be carefully watched on Thursday at 0030 GMT as the central bank keeps relying on a tighter labor market to cushion the damage from a tumbling housing market. The consensus however is for slower jobs growth in February and a steady unemployment rate, a piece of evidence that monetary stimulus might still be necessary to support the economy. The Australian Bureau of Statistics is expected to reveal that the number of employees during the previous month increased softly by 14k compared [..]

European Open Preview – Fed ‘dots’ to steal the show; pound retreats

Posted on March 20, 2019 at 9:06 am GMT

Fed decision at 18:00 GMT today; new rate projections to dictate market reaction Stocks pause rally as trade uncertainty reigns in Sterling inches down amid reports May will ask for short Brexit extension Fed ‘dots’ to steal the show The main event today will be the Fed policy decision at 18:00 GMT, which will be followed by a press conference from Chair Powell. No change in policy is expected, so all eyes will be on the updated forecasts for the [..]

Technical Analysis – AUDUSD consolidates within Ichimoku cloud; lacks direction

Posted on March 20, 2019 at 7:51 am GMT

AUDUSD has rebounded somewhat after falling to the 0.7000 psychological level on March 8 but is still moving with weak momentum within the Ichimoku cloud in the daily timeframe. The price is currently developing around the 23.6% Fibonacci retracement level of the downleg from the 32-month high of 0.8135 to the 10-year low of 0.6746, near 0.7070 and between the red Tenkan-sen and blue Kijun-sen lines. The momentum indicators now suggest that the market sentiment might get worse before getting better as [..]

European Open Preview – Long Brexit extension looms; dollar retreats as Fed casts shadow

Posted on March 19, 2019 at 9:15 am GMT

Pound drops as Brexit angst deepens, but prospect of long extension offers ray of hope Growing Fed rate cut expectations support risky assets, weigh on dollar Crude oil continues to march higher UK House speaker vetoes third Brexit vote – long extension in scope UK politics made headlines yet again on Monday after the Speaker of the House of Commons, John Bercow, ruled out allowing the government to bring its Brexit deal to Parliament for a third time unless it [..]

European Open Preview – Dollar softens as Fed meeting looms; stocks climb

Posted on March 18, 2019 at 11:58 am GMT

US stocks rally to six-month highs but perhaps on option expiries – implying some cause for caution Dollar retreats in a quiet session; looks to Fed meeting on Wednesday Sterling catches its breath ahead of potentially decisive week US equities cruise to six-month highs on ‘quad witching’ In an otherwise quiet session, US stock markets rallied on Friday, with the benchmark S&P 500 (+0.50%) index breaking above a critical resistance zone around 2,820 that capped several rallies in recent months, [..]

European Open Preview – UK to seek Brexit delay but pound down as third meaningful vote looms

Posted on March 15, 2019 at 9:15 am GMT

Sterling retreats lower despite Parliament voting to extend Article 50 as investors eye EU summit and third meaningful vote next week Risk sentiment boosted by “substantive progress” in US-China trade talks but disappointment that there will be no March summit Gold back above $1300 after North Korea says may suspend denuclearisation talks with US Pound fails to resume rally after MPs vote to delay Brexit British lawmakers on Thursday voted to extend the Article 50 process as expected, which, together [..]

European Open Preview – Sterling soars after Parliament rejects no-deal Brexit; Trump trade comments weigh on sentiment

Posted on March 14, 2019 at 9:12 am GMT

Pound continues rollercoaster ride amid more Brexit twists and turns at Westminster; MPs look set to vote in favour of delaying Brexit Chinese industrial production falls to 17-year low, dampening market sentiment President Trump says he is “in no rush” to complete trade talks with China, raising doubts about a March deal Pound leaps to 9-month high as no-deal Brexit is voted down The British currency jumped to a 9-month peak of $1.3383 on Wednesday after the UK Parliament voted [..]

Chinese industrial output and retail sales to move markets in Asian session – Forex News Preview

Posted on March 13, 2019 at 3:59 pm GMT

After a small improvement in December, China’s retail sales and industrial production figures are forecast to arrive softer on Thursday at 0200 GMT. Investors would probably read the data with caution as the Lunar New Year holidays may have disrupted business activities during that period. Still, the months-long US-Sino trade war will more likely receive some blames as well, thanks to its negative impact on the country’s economic health. Separately, fixed investments in urban areas are projected to tick higher. According to forecasts, industrial [..]

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