AUDUSD

RBA meeting: Juggling risks – Forex News Preview

Posted on July 2, 2018 at 3:06 pm GMT

The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank almost certain to make no changes to its policy, price action will be dictated by any changes in the phrasing of the accompanying statement. Recent price action suggests investors may be anticipating a more cautious stance. This implies that the risks surrounding the aussie’s reaction may be asymmetrical, with the expected concerned tone leading to a modest decline, but a more [..]

US Open Preview – Equities retreat amid risk-off tones; aussie softens ahead of RBA decision

Posted on July 2, 2018 at 11:26 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen traded at 110.75 (+0.08%) on Monday, giving back most of the gains it posted earlier in the session when it briefly touched a one-month high of 111.05, with the yen failing to capitalize substantially on the broader risk-off mood seen in other asset classes, like equities. Meanwhile, the dollar index was up by 0.15% at 94.77. Euro/dollar was down by 0.35%, hovering just above 1.1640 as concerns of a political crisis [..]

European Open Preview – Euro pares gains as German political turbulence persists; dollar eyes ISM manufacturing PMI

Posted on July 2, 2018 at 8:21 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was higher by 0.2% on Monday. The euro was a touch softer as German political uncertainties remained a key theme. The loonie was also on the defensive amid a drop in oil prices, giving back some of the gains it posted on Friday following strong data releases. STOCKS: US markets closed higher on [..]

Week Ahead – Resilient dollar looks at US jobs report for new highs; UK PMIs and RBA in focus too

Posted on June 29, 2018 at 3:21 pm GMT

The US jobs report for June will be the highlight of the coming week as the greenback remains unscathed from the rising trade tensions. Canada will also publish employment numbers, while PMI releases in the UK and the US will be watched too, along with the Bank of Japan’s quarterly Tankan survey. In the world of central banks, policy meetings by the Reserve Bank of Australia and Sweden’s Riksbank will be making the headlines. Mixed outlook expected from BoJ Tankan [..]

US Open Preview – Stocks post relief rally after EU deal; US inflation data still to come

Posted on June 29, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: The euro surged early on Friday following news that the 28 European Union leaders agreed on a migration deal overnight, driving euro/dollar towards an intraday high of 1.1666 (+0.68%). Also, in terms of economic data, the Eurozone preliminary CPI jumped to 2.0% in yearly terms as expected, from 1.9% previously. Euro/yen climbed by 0.68% to 128.66, posting a two-week high. Dollar/yen jumped to a two-week high as well of 110.78, adding 0.05% to its [..]

European Open Preview – Euro rebounds on EU migration deal; US core PCE price index awaited

Posted on June 29, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.5% on Friday, as the currency with the biggest weight in that index – the euro – is advancing after EU leaders reached a deal on immigration overnight, dispelling some political uncertainty. The safe-haven Japanese yen is on the retreat, as the positive tones from the EU summit and the lack of any concerning trade news boosted risk appetite. STOCKS: US markets closed in [..]

European Open Preview – Dollar races higher; EU Summit to prove crucial for Merkel’s government

Posted on June 28, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is roughly 0.1% higher on Thursday, extending its gains from the previous session and trading just below an eleven-month high. Meanwhile, both the euro and sterling are on the defensive. The kiwi came under renewed selling interest after the RBNZ kept the option of a rate cut on the table. STOCKS: US markets closed lower on Wednesday, giving back earlier gains. The drop came after White House [..]

Chinese PMIs due amid ongoing concerns over global trade and a weakening yuan – Forex News Preview

Posted on June 27, 2018 at 3:25 pm GMT

Chinese official PMI data for June are scheduled to be made public on Saturday at 0100 GMT. Manufacturing activity, which is expected to attract the lion’s share of attention, is projected to slightly ease though to still remain in expansionary territory. Beyond the releases, the ongoing spat between the US and China over trade and investment issues remains in the background, having the potential to move markets. Meanwhile, yuan weakness is attracting interest with some linking it to trade developments. [..]

US Open Preview – Dollar bounces up on trade relief news; kiwi holds onto losses ahead of RBNZ rate decision

Posted on June 27, 2018 at 12:19 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to recover earlier losses to climb back to 110.14 (+0.08%) as a US official messaged on Wednesday that Washington will not use stricter trade frictions against China but monitor Chinese investments through an existing national security review system. The dollar index also advanced to touch 94.79 (+0.14%), while investors were preparing their positions ahead of the durable goods orders later in the day and preliminary PCE inflation numbers on [..]

European Open Preview – Markets bounce as trade tensions ease for now

Posted on June 27, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down on Wednesday, but by less than 0.1%. It managed to rebound yesterday, recovering some losses from the previous three sessions. The euro was on the back foot yesterday, perhaps amid jitters ahead of the EU summit tomorrow, while the pound retreated as well following some dovish-perceived signals from the BoE. STOCKS: Concerns around an imminent trade war took a back seat yesterday, after the Trump administration hinted it may [..]

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