AUDUSD

Week Ahead – ECB, RBA and BoC meetings eyed amid potential policy shifts; US jobs report in focus too

Posted on March 1, 2019 at 2:10 pm GMT

Central banks will move to the fore next week as the European Central Bank, the Reserve Bank of Australia and the Bank of Canada will be holding policy meetings. With all three central banks recently lowering their outlooks for their respective economies, markets will be on standby for possible shifts in policy stance. The US February jobs report will be another highlight for investors. Other key releases will be Q4 GDP numbers from Australia, Canadian employment figures, and UK and [..]

European Open Preview – Yen crumbles as risk sentiment improves, dollar rebounds

Posted on March 1, 2019 at 9:09 am GMT

Dollar rebounds after US GDP beats expectations, looks to ISM manufacturing index Yen falls to two-month lows as solid Chinese PMIs reinvigorate risk appetite Busy schedule today: Eurozone inflation data, UK manufacturing PMI, Canadian GDP Dollar inches up as US GDP tops forecasts, but stocks struggle The dollar was the main winner in Thursday’s session, drawing support from stronger-than-anticipated US GDP data for Q4 to outperform all its G10 peers outside of the Swiss franc. Economic growth clocked in at [..]

European Open Preview – Stocks retreat as trade optimism fades, growth concerns return

Posted on February 28, 2019 at 9:17 am GMT

Risk aversion prevails as top US trade official reins in optimism, Chinese PMIs disappoint Sterling cruises even higher as no-deal Brexit risks fades Oil rebounds on supply news, but pulls back on demand concerns Today, German inflation and US GDP data will be in focus Risk-off mood prevails amid geopolitical and trade risks, soft Chinese data US equity markets closed with modest losses on Wednesday and futures suggest they may be headed for even more pain today, amid several risks [..]

Australia’s Q4 CAPEX to guide on growth – Forex News Preview

Posted on February 27, 2019 at 3:21 pm GMT

Although upbeat trade comments by the US President helped the risk-sensitive aussie to grab some buying interest earlier this week, investors maintained some of their wait-and-see attitude as the spotlight shifts back to the calendar and Australia’s capital expenditures reading on Thursday, which could give clues on what to expect from next week’s Q4 GDP growth figures. On Thursday at 0030 GMT, the Australian Bureau of Statistics is forecast to show that capital expenditures made by private businesses rose by 0.5% in the three [..]

Chinese manufacturing PMIs to point to further contraction in February – Forex News Preview

Posted on February 27, 2019 at 1:52 pm GMT

Manufacturing PMIs from China this week are expected to show factory activity declining for a third straight month in February even as the US and China close in on a trade deal. The February PMIs will likely be skewed due to the long Lunar New Year holiday during the first week of the month. Nevertheless, investors will be keeping an eye on any hints of a change to the subdued picture, whether positive or negative. In forex markets, the Australian [..]

European Open Preview – Pound celebrates potential Brexit delay; dollar retreats

Posted on February 27, 2019 at 9:12 am GMT

Sterling rejoices as PM May signals potential Brexit delay Dollar retreats as Powell seems cautious on domestic issues too Canadian inflation data coming up, with oil prices also crucial for loonie Pound explodes higher as May implicitly signals Brexit delay The British pound was the star performer on Tuesday, gaining ground across the board to touch a new 5-month high versus the dollar after PM May watered down her Brexit stance, opening the door for an extension of the exit [..]

Technical Analysis – AUDUSD lacks clear direction in short- and medium-terms

Posted on February 27, 2019 at 7:39 am GMT

AUDUSD has been moving slightly sideways since the strong rebound on the decade low of 0.6746 on January 3. The pair has found significant resistance at the 38.2% Fibonacci retracement level of the downleg from 0.8135 to 0.6746 around 0.7275. In the short-term, the market could continue consolidating if the red Tenkan-sen and the blue Kijun-sen lines keep flattening below the current market price. Regarding the technical indicators in the daily timeframe, the RSI remains flat as well near the neutral threshold of [..]

European Open Preview – Trade rally eases as caution sets in; Powell testimony eyed

Posted on February 26, 2019 at 9:28 am GMT

Risk rally eases amid some caution on prospect of US-China trade deal Immediate focus to shift to Fed Chairman Jerome Powell’s congressional testimony Pound jumps as May considers taking no-deal Brexit off the table Oil slumps after Trump tells OPEC to “take it easy” on high oil prices Stocks pare gains; yen firms as trade rally fades Equities were on the backfoot on Tuesday and the safe-haven yen turned higher as some of the optimism around the expectations of a [..]

European Open Preview – Aussie and Chinese stocks lifted as Trump delays tariff deadline; dollar steady

Posted on February 25, 2019 at 9:10 am GMT

Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer to a trade deal Financial markets got off to a positive start on Monday as traders were greeted with President Trump’s tweets that there was “substantial progress” in trade negotiations between the United States and China last week. Trump also [..]

Week Ahead – Long overdue US Q4 GDP, other data backlog to dominate

Posted on February 22, 2019 at 2:31 pm GMT

The fourth quarter GDP estimates for the United States will finally be published next week following the disruption to the American release calendar from the government shutdown. Canadian GDP will also be in focus, along with core PCE inflation numbers out of the US. Other notable releases include Japanese and Australian capital expenditure figures for Q4, as well as Eurozone flash inflation and Chinese manufacturing PMIs. Trade talks between the US and China will also be on investors’ radar as [..]

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