AUDUSD

Aussie on edge as Australian inflation may slowdown in Q4 – Forex News Preview

Posted on January 29, 2019 at 10:50 am GMT

Early on Wednesday at 0030 GMT, the Australian Bureau of Statistics will publish inflation numbers for the fourth quarter of 2018. Forecasts are for another soft outcome of 1.7% year-on-year from 1.9% from the previous quarter. On a quarterly basis, the pace of consumer price increases are predicted to remain the same at 0.4% as before. The view however is that even in case of an upward surprise, policymakers are most likely to stand pat on policy until wages show a significant but a [..]

European Open Preview – Companies sound warning on China; Brexit saga rumbles on

Posted on January 29, 2019 at 8:52 am GMT

Risk appetite stays fragile as key companies sound the alarm on Chinese growth In the UK, it may be a deciding day for Brexit as lawmakers vote on various plans Earnings season continues in full throttle today, little on economic calendar Corporate warnings on China rattle stocks, drag oil lower US equity markets closed in the red, after industrial bellwether Caterpillar (-9.1%) reported disappointing earnings and chipmaker Nvidia (-13.8%) slashed its revenue forecasts, both companies pointing the finger to weakening [..]

European Open Preview – Dollar takes a hit on speculation for dovish Fed

Posted on January 28, 2019 at 9:04 am GMT

Reports the Fed may halt its balance sheet unwind hurt dollar, boost stocks Sterling marches higher ahead of decisive week for Brexit ECB President Draghi & BoE Governor Carney speak today Dollar slumps, equities advance on Fed reports & trade optimism It was a lively session for both currency and equity markets on Friday. The dollar slumped while stock indices climbed, amid renewed speculation that the Fed may turn even more dovish and the US-China talks could bear fruit soon. [..]

Week Ahead – Dollar to seek direction from trade talks, FOMC and NFP; Eurozone GDP and Aussie inflation also eyed

Posted on January 25, 2019 at 12:09 pm GMT

The next seven days will be an important one for the US dollar as high-level US-Sino trade talks, the policy meeting by the Federal Reserve as well as key data releases will likely determine the currency’s next turn. The Australian dollar will also be in focus as inflation and other closely-watched indicators will be on the agenda, while in the Eurozone, flash GDP estimates could exert more negative pressure on the beleaguered euro. Aussie vulnerable from Australian inflation and Chinese [..]

European Open Preview – Euro crumbles after ECB; Brexit hopes lift pound

Posted on January 25, 2019 at 9:12 am GMT

Euro closes lower on soft PMIs and ‘vigilant’ Draghi Stocks struggle amid conflicting trade signals Sterling advances on fresh Brexit reports Euro caves in after PMIs sink, Draghi ‘keeps his options open’ Euro/dollar had a particularly turbulent session on Thursday, before ultimately closing lower, caving in under the weight of disappointing PMIs out of the Eurozone and cautious commentary by the ECB. The preliminary manufacturing PMIs out of both Germany and France signaled contraction, revitalizing euro-area growth concerns, while a [..]

European Open Preview – ECB meets, all eyes on Draghi; pound soars

Posted on January 24, 2019 at 8:44 am GMT

ECB decision and Eurozone PMIs will chart euro’s course today Pound soars to 11-week highs versus dollar as no-deal Brexit risk fades Aussie tumbles on mounting speculation for RBA rate cut Stocks inch higher on strong earnings, dollar rebound stalls ECB meeting & Eurozone PMIs could make-or-break euro/dollar today It will be a crucial session for European assets and the euro itself today. The European Central Bank (ECB) will announce its policy decision at 1245 GMT, which will be followed [..]

Australian jobs growth to halve in December – Forex News Previews

Posted on January 23, 2019 at 2:54 pm GMT

Australia’s employment report for the month of December is coming out on Thursday at 0230 GMT but the results are not expected to affect the RBA’s steady policy stance. Nevertheless, aussie traders will still look at the numbers to confirm that the labor market remains a source of stability at a time when global risks are rising in the horizon. After two consecutive monthly gains, the Australian economy is said to have added fewer job positions in December, with forecasters [..]

European Open Preview – Market sentiment stays fragile, but kiwi shines

Posted on January 23, 2019 at 9:21 am GMT

Risk appetite remains weak as trade and growth concerns resurface BoJ stays on hold, provides no new signals – yen yawns Kiwi outperforms as New Zealand’s inflation prints beat estimates Growth and trade woes keep investors on the defensive Market sentiment remained fragile on Tuesday, with investors cutting their exposure to riskier assets and diverting those funds into safer plays, amid resurgent worries around global growth and trade uncertainties. News that the US will proceed with the extradition of the [..]

Technical Analysis – AUDUSD drops to neutral zone

Posted on January 23, 2019 at 8:03 am GMT

AUDUSD started the week on the downside but the 20-day moving average (MA) seems to be keeping the pair under control as the price looks to be reversing higher today after failing to cross below the line yesterday. In the short-term, expectations are for a sideways move as long as the MACD fluctuates around its red signal line and the RSI flirts with its 50 neutral mark. An extension higher could lead the price up to 0.7210 which is the 50% [..]

European Open Preview – IMF adds more clouds to global outlook

Posted on January 22, 2019 at 9:23 am GMT

IMF downgrades growth forecasts; stocks feel the pinch May keeps “no-deal Brexit” scenario alive Oil reverses lower amid signs of slowing global economy Risk appetite stays bearish amid growing global growth fears Stocks in Asia had another weak session on Tuesday as pessimism about global growth kept funds away from risky assets, with Chinese equities losing more than 1%. A couple of hours after China reported its slowest quarterly economic expansion since the financial crisis and the lowest annual growth in 30 years, the International Monetary [..]

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