AUDUSD

European Open Preview – Yen retreats as risk appetite firms; trade, EM-angst and Brexit remain in the background

Posted on September 12, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was nearly flat against a basket of six major currencies on Wednesday (-0.03%), after posting some modest losses in the previous session. Meanwhile, the yen retreated notably on Tuesday, as risk appetite remained firm and investors rotated out of safer assets. In Canada, the loonie staged a significant comeback amid encouraging NAFTA signals from the US President and a surge in oil prices. STOCKS: US markets closed in the green on Tuesday, buoyed by [..]

Technical Analysis – AUDUSD holds near 31-month low; strong sell-off rally continues

Posted on September 12, 2018 at 6:54 am GMT

AUDUSD has been making lower highs and lower lows since the end of January when it touched the 0.8135 resistance level. On Tuesday, the pair recorded a fresh more than the two-and-a-half-year low of 0.7084, while price action is at the moment taking place not far above this trough. The technical indicators, though, continue to send bearish signals, suggesting that the softness in the market is not over yet. In the daily timeframe, the RSI indicator is standing below the threshold [..]

US Open Preview – Brexit hopes and wage data support sterling; euro drops as China turns to WTO for US sanctions

Posted on September 11, 2018 at 11:25 am GMT

Here are the latest developments in global markets: FOREX: An upbeat employment report in the UK helped pound/dollar to briefly rally toward a fresh five-week high of 1.3086 during the early European session as the data showed that average weekly earnings picked up speed to 2.6% y/y in July, surpassing the forecast of 2.4%. Excluding bonuses, British wages recorded a stronger growth as well, expanding at 2.9% compared to the 2.8% estimate and the previous mark of 2.7%. Regarding the number of people claiming unemployment benefits, [..]

European Open Preview – Barnier fuels another surge in sterling, jobs data to set currency’s intraday direction

Posted on September 11, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.12% on Tuesday, extending losses from the previous session. Sterling spiked higher once again, following encouraging comments from the EU’s chief Brexit negotiator that reaching a deal within 6-8 weeks is “realistic”. Meanwhile, the yen was on the retreat amid a recovery in risk sentiment, though that may not necessarily remain the [..]

US Open Preview – Euro benefits on Italian political optimism; Pound rebounds as UK GDP growth surprises

Posted on September 10, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: Sterling crossed marginally below 1.2900 per dollar before better than expected GDP growth figures out of the UK drove the pair up to an intra-day high of 1.2954 amid speculation that British economy could have a good start in the third quarter despite Brexit uncertainties looming in the background. GDP growth clocked in at 0.3% in monthly terms, driving the yearly gauge up to 1.6%. Expectations were for an expansion of 0.2% month-on-month [..]

European Open Preview – Strong earnings growth lifts the dollar; trade in focus again

Posted on September 10, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.04%), holding onto the gains it recorded in the previous session, after a surprising acceleration in US wage growth fueled demand for the greenback. The pound also soared higher on Friday as some appeasing remarks from EU chief negotiator Barnier enhanced speculation that a Brexit deal may ultimately be delivered. STOCKS: Wall Street closed lower on Friday, as investors’ risk appetite was curbed by some confrontational remarks by [..]

Week Ahead – ECB and BoE meet but no fireworks expected; China data, Aussie jobs and US inflation eyed too

Posted on September 7, 2018 at 12:13 pm GMT

Monetary policy will be back in focus next week as the European Central Bank and the Bank of England hold policy meetings. However, with both central banks expected to stick to their existing outlook, investors will likely turn to data for fresh direction. The highlights will include employment reports out of Australia and the United Kingdom, US inflation and retail sales figures, and key Chinese economic indicators. GDP numbers from the UK and Japan should also attract attention. Chinese data [..]

US Open Preview – Sterling above $1.30 on Barnier comments as trade jitters weigh on Aussie; US jobs data awaited

Posted on September 7, 2018 at 11:41 am GMT

Here are the latest developments in global markets: FOREX: The US currency was trading marginally lower versus a basket of currencies ahead of the highly anticipated employment report for August due at 1230 GMT. Dollar/yen was roughly flat after losing 0.7% on Thursday, as angst over the prospect of deteriorating global trade conditions boosted the safe-haven perceived yen. The euro was down on the margin versus the dollar, reacting little to a downward revision in the eurozone’s pace of growth [..]

Chinese trade data eyed as tensions with the US look set to escalate; Aussie also in focus – Forex News Preview

Posted on September 7, 2018 at 8:44 am GMT

Chinese trade figures for August will be made public on Saturday, with the numbers being scrutinized for any negative effects stemming from US tariffs. Meanwhile, the latest developments in the Sino-US trade spat are also putting the release high on investors’ radar. Elsewhere, attention will also turn to the Aussie due to its status as a barometer of broader risk sentiment, as well as Australia’s China-dependency which has rendered its currency as a liquid proxy for China “plays”. Analysts’ are forecasting [..]

European Open Preview – Yen advances as risk appetite falters; US jobs report coming up

Posted on September 7, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc rallied amid trade jitters, while the risk-sensitive aussie faltered, touching a fresh low last seen in early-2016 against the dollar. STOCKS: US markets closed lower for [..]

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