AUDUSD

Australian inflation data next on the docket for the aussie – Forex News Preview

Posted on July 24, 2018 at 2:27 pm GMT

Australia’s quarterly inflation data for Q2 will be released on Wednesday, at 0130 GMT. Forecasts point to an overall lackluster report, expected to show an energy-driven pickup in the headline rate but an otherwise subdued picture for underlying inflation, which could cement expectations the RBA will remain on hold for the foreseeable future. Expectations that the Reserve Bank of Australia (RBA) will take any form of policy action over the foreseeable future have moderated dramatically in recent months. Whereas back [..]

US Open Preview – Dollar eases ahead of US Markit PMIs

Posted on July 24, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is showing modest losses versus most currencies. The greenback continued to weaken against the Japanese yen on Tuesday, as dollar/yen fell by 0.15%, approaching the 111.00 psychological level. The US dollar index fell marginally by 0.04%, giving back the gains that it had posted earlier in the day. Preliminary PMI survey data indicated that the eurozone economy lost momentum in July. The IHS Markit composite PMI fell to 54.3 from [..]

European Open Preview – Yen grinds higher amid BoJ speculation; eurozone PMIs in the spotlight

Posted on July 24, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index advanced higher on Monday, recovering some of its Trump-induced losses as a solid rise in US bond yields increased the currency’s appeal. Heightened expectations for a very strong US GDP print for Q2, due out on Friday, may have supported the move. The yen also grinded higher, as speculation continued to mount that the Bank of Japan may alter its policy in a more hawkish direction as soon as at [..]

US Open Preview – Euro trades flat ahead of Eurozone consumer confidence index

Posted on July 23, 2018 at 11:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar edged sharply lower over the last three straight days against the Japanese yen as the movements were based on reports the Bank of Japan (BOJ) is discussing changes to its monetary policy, including changes in interest rates and stock buying techniques. The 10-year yield in Japan climbed as much as six basis points to 0.090%, hitting the highest level since February. Dollar/yen continued the bearish move today as well, losing 0.25%. However, the US dollar index [..]

US Open Preview – Dollar reacts little on fresh trade threats; Canadian CPI & retail sales pending

Posted on July 20, 2018 at 11:34 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was trading lower against the Japanese yen on Friday, though by not much, at 112.40 (-0.07%) remaining below the 1-year high of 113.15 reached on Thursday as investors kept in mind Trump’s criticism made on Thursday about higher US interest rates and a stronger dollar. Renewed US trade warnings against China today did little to move the pair (see below). The dollar index against a basket of currencies moved down by 0.05% after the bounce off the 1-year [..]

Week Ahead – US GDP growth expected to surge in Q2; ECB meets – can it bring relief to sliding euro?

Posted on July 20, 2018 at 10:09 am GMT

The preliminary estimate of US GDP growth for the second quarter and the latest monetary policy meeting by the European Central Bank will be the most keenly awaited events of the next seven days. While there should be plenty of headlines from these two risk events, the remainder of the week is looking unusually quiet, with only Australian inflation, Eurozone flash CPIs and US durable goods standing out as notable releases. Australian inflation to rise within RBA’s target band Recent [..]

US Open Preview – Sterling plunges to fresh 10-month lows after UK retail sales disappoint

Posted on July 19, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: Sterling tumbled by 0.69% against the greenback on Thursday, hitting a fresh 10-month low of 1.2970 in the wake of worse-than-expected retail sales figures out of the UK. Month-on-month retail sales dropped 0.5% in June from 1.4% in May, missing market expectations of a 0.2% gain. On a yearly basis, the index increased 2.9% versus 3.7% expected and May’s mark of 4.1%. Yet, the report revealed that quarter-on-quarter retail sales growth was [..]

European Open Preview – US dollar off highs on profit-taking; UK retail sales to be watched for rate clues

Posted on July 19, 2018 at 8:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was off the previous day’s multi-month highs versus its major counterparts on profit-taking, although it was holding firm on the back of optimism from the Federal Reserve Chair Jerome Powell about the prospects of the US economy. The dollar looked set to retest these highs as it was receiving support from what was becoming the main scenario of two more rate hikes in the remainder of 2018. On the [..]

US Open Preview – Pound touches 10-month low after UK inflation misses forecasts; dollar unlocks fresh highs

Posted on July 18, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar extended its bullish rally against the Japanese yen towards a fresh 6-month high of 113.13, adding 0.08% to its performance on Wednesday. Markets reacted positively after the Fed Chair, Jerome Powell, gave a bullish assessment of the US economy, reducing their exposure to safer assets such as the yen. Also, the US dollar index gained 0.33% and surpassed the 95.00 handle. Sterling plummeted to 10-month lows (-0.61%) today, pausing at 1.3000 after the UK’s [..]

European Open Preview – Dollar broadly stronger on Powell’s optimistic remarks; UK inflation eyed

Posted on July 18, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued gaining versus a basket of currencies on Wednesday after rising by a bit less than 0.5% the previous day. Upbeat comments on the US economy by Fed Chief Jerome Powell acted as the catalyst for the greenback’s advance, as well as fueling risk sentiment. In light of the risk-on mood, the yen retreated, with dollar/yen reaching a fresh six-month high of 113.07 earlier on the day. STOCKS: The [..]

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