AUDUSD

European Open Preview – Dollar consolidates losses; US-China trade talks and Fed minutes awaited

Posted on August 22, 2018 at 7:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Wednesday, consolidating the considerable losses from previous days and especially after President Trump’s comments on Monday; he criticized rate normalization efforts by the Fed. Updates on the US-China trade relationship and Fed minutes from the central bank’s latest meeting may determine positioning during today’s trading. STOCKS: The Dow Jones, S&P 500 and the Nasdaq Composite finished Tuesday’s trading higher by 0.2%, 0.2% [..]

Technical Analysis – AUDUSD to hold bullish momentum in short-term

Posted on August 22, 2018 at 6:37 am GMT

AUDUSD turned positive after its downfall to the new 19-month low of 0.7200 in the previous week. The pair posted four straight bullish days and trades within the 40-day simple moving average (SMA) and the mid-level of the Bollinger Band (20-day SMA). In the short-term, the upward rally is likely to be continued as the RSI strengthens to the upside to break the 50 level and the MACD deviates further above its red signal line towards the zero line. In case the pair [..]

US Open Preview – Dollar index under pressure after Trump’s Fed criticism

Posted on August 21, 2018 at 11:29 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to trade lower early in the European session, weighed by comments made by the US President late on Tuesday who said that he is “not thrilled” about the central bank’s decision to raise interest rates this year as his administration is making efforts to reduce trade deficit and higher interest rates combined with a stronger dollar would limit export growth. He also accused China and the Eurozone of manipulating their currencies; the response from the [..]

European Open Preview – Trump comments weigh on dollar; Brexit updates eyed

Posted on August 21, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar was losing ground against six major currencies on Tuesday, building on yesterday’s losses after some overnight comments by US President Trump; he expressed displeasure with the Fed raising interest rates. STOCKS: The Dow Jones finished Monday’s trading up by 0.35%, while the S&P 500 and Nasdaq Composite edged higher by a bit more than 0.2% and slightly less than 0.1% correspondingly. In Asian markets, the Japanese Nikkei 225 added 0.1% and the [..]

US Open Preview – Euro weakens as Turkish risks remain in the background; attention on trade

Posted on August 20, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen continued to pare Friday’s losses, last seen at 110.62 (+0.13%), while the dollar index, which gauges the dollar’s strength versus six major currencies, was also in recovery mode, trading at 96.30 (+0.21%), helped by a weaker euro and pound. Euro/dollar was on the back foot at 1.1422 (-0.15%), after rising softly the past two days, with investors worrying that the political turmoil between the US and Turkey could weigh on the Eurozone’s banking sector. On Monday, the [..]

European Open Preview – Dollar rises with trade developments front and center

Posted on August 20, 2018 at 8:06 am GMT

Here are the latest developments in global markets: FOREX: The dollar was up by a bit less than 0.2% versus a basket of currencies on Monday. In the absence of major data releases, any updates on the Sino-US trade relationship, as well as any Turkey-related developments may act as the catalysts to steer the currency in either direction. STOCKS: The Dow Jones, S&P 500 and Nasdaq Composite finished Friday’s trading up by 0.4%, 0.3% and 0.1% respectively, with hopes for a more [..]

Week Ahead – Eurozone PMIs and Japanese inflation due; Jackson Hole summit, trade updates & Turkey could steal the show

Posted on August 17, 2018 at 11:59 am GMT

Upcoming releases in the next seven days are pointing to a relatively quiet August week. Among the few stand-out readings are flash PMI prints out of the eurozone, Japanese inflation figures and US capital goods orders. In addition, the minutes relating to the Federal Reserve and Reserve Bank of Australia’s latest meetings will be made public next week. Despite a mostly light calendar, comments out of central bankers gathering for the Jackson Hole Symposium, as well as global trade & [..]

US Open Preview – Euro bounce fades; Canadian inflation prints pending

Posted on August 17, 2018 at 10:59 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which gauges the greenback’s strength against six major currencies – remained negative (-0.10%), though it pared most of its earlier losses, aided by a return of risk-off tones in markets. Dollar/yen moved down by 0.33% and held below the bearish cross of the 20- and 40-day simple moving averages (SMAs). In the euro area, the annual inflation rate was confirmed at 2.1% in July, above June’s 2.0%. Euro/dollar [..]

European Open Preview – Risk appetite recovers amid trade optimism; Canadian inflation eyed

Posted on August 17, 2018 at 7:36 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a modest 0.11% on Friday, extending some of the losses it recorded in the previous session, pressured by a recovery in broader risk sentiment. Likewise, the Japanese yen retreated across the board yesterday as well. Meanwhile, the British pound still hovers near its recent multi-month lows, largely unable to draw support from strong UK data yesterday, as the uncertainty stemming from the Brexit negotiations is casting [..]

US Open Preview – Pound shrugs off stronger retail sales as Brexit talks resume

Posted on August 16, 2018 at 11:15 am GMT

Here are the latest developments in global markets: FOREX: Investors continued to look for riskier assets early in the European session on hopes that US-Sino trade tensions could deescalate following Beijing’s willingness to hold trade talks with the US later in August. Dollar/yen inched up to 110.90 (+0.15%), while the dollar index which gauges the greenback’s strength against six major currencies turned slightly lower to 96.59 (-0.11%) as trade hopes shifted some demand towards the euro. Still, trade stats out [..]

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