AUDUSD

Technical Analysis – AUDUSD bears hold control; hovers near 13-month low

Posted on June 27, 2018 at 6:25 am GMT

AUDUSD is set to post the third consecutive bearish day as it remains under strong downside pressure after the bounce off the 0.7440 high, reached last Friday. The sharp sell-off especially this month endorses the scenario for further declines in the medium-term. In the daily timeframe, the momentum indicators are supportive of the bearish picture, with the RSI falling into negative territory below 50 and approaching the 30 oversold mark. Also, the %K line of the stochastic oscillator created a negative cross [..]

US Open Preview – Pound bears cheer after Haskel doubts BoE rate hike; Gold hits fresh 6-month lows

Posted on June 26, 2018 at 11:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (-0.10%), taking a breather after today’s earlier sell-off movement. The US dollar index rose by 0.22% though, currently hovering near the 94.48 level. Traders are awaiting the figures on the Fed’s preferred inflation measure, the core PCE (personal consumption expenditures) index on Friday. Moreover, investors will keep their focus on the Trump administration’s trade and investment restrictions as yesterday the US Treasury Secretary Steven [..]

RBNZ expected to stand pat; policymakers’ assessment to move the kiwi – Forex News Preview

Posted on June 26, 2018 at 9:12 am GMT

The Reserve Bank of New Zealand will be deciding on rates on Wednesday at 2100 GMT. The central bank is anticipated to hold rates unchanged, with the focus falling on the Bank’s communication regarding future policy as well as New Zealand’s economic outlook. New Zealand’s central bank is widely expected to maintain its official cash rate at the historic low of 1.75% for the eleventh straight meeting. Thus, positioning on the kiwi will be dependent on policymakers’ assessment of the [..]

European Open Preview – Dollar around 2-week lows versus yen as trade worries keep risk appetite suppressed

Posted on June 26, 2018 at 7:50 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 – is practically unchanged on Tuesday, after posting losses in the previous session. Meanwhile, the Japanese yen continued to enjoy some haven demand as trade frictions remained front and center. STOCKS: Trade concerns triggered another selloff in US stocks on Monday. The Nasdaq Composite led the way lower (-2.09%), while the S&P 500 (-1.37%) and the Dow [..]

US Open Preview – Trade risks elevate the yen; European stocks tumble

Posted on June 25, 2018 at 11:35 am GMT

Here are the latest developments in global markets: FOREX: During Monday’s trading session, the dollar was moving lower by 0.47% against the Japanese yen after the US President Donald Trump threatened on Friday to impose a 20% tariff on cars imported from the EU. The dollar index though, which tracks the strength of the greenback against six major currencies, managed to climb to 94.58 (+0.08%) as the euro and the pound remained under pressure. Euro/dollar slipped by 0.06% from an intra-day high of 1.1673 to 1.1649. Euro/yen was also [..]

European Open Preview – Risk-off mood on back of trade worries weighs on equities, boosts yen

Posted on June 25, 2018 at 7:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, though it was losing ground versus the safe-haven perceived yen which attracted flows on the back of uncertainty relating to global trade. Specifically, dollar/yen was trading at two-week low levels. STOCKS: Asian equities were a sea of red after the latest concerns over global trade acted to the detriment of riskier assets. Japan’s Nikkei 225 and Topix indices finished lower by [..]

Week Ahead – Eurozone and US inflation eyed; RBNZ meets; low hopes for Brexit deal at EU summit

Posted on June 22, 2018 at 12:24 pm GMT

Inflation data will be watched in the Eurozone and the United States as both countries make progress towards their price targets. GDP numbers will also be in focus as final estimates are released in the US and the United Kingdom, while Canada publishes monthly growth figures. Central bank activity will come from the Reserve Bank of New Zealand, while an EU summit is sure to make the headlines as European leaders meet to discuss Brexit. Eurozone CPI to hit 2% [..]

US Open Preview – Oil stays bullish as OPEC seen near agreement; Euro cheers on upbeat PMIs

Posted on June 22, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was posting moderate gains on Friday, inching up to 110.14 (+0.14%) as uncertainties around US-Chinese trade relations were still high. The two giant world exporting economies exchanged additional threats of import tariff measures this week, with the Chinese Ministry of Commerce characterizing US trade protectionism on Friday as “self-defeating and a symptom of paranoid delusions”. The dollar index was down for the second day, last seen at 94.62 (-0.12%) as the euro and the pound remained [..]

European Open Preview – Pound soars after BoE; OPEC meeting and key data eyed

Posted on June 22, 2018 at 7:45 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 – is lower on Friday, though by less than 0.1%. The index closed lower on Thursday, after touching its best levels in 11 months. In the UK, the pound soared after the BoE kept rates unchanged, but adopted a more hawkish tone, stoking expectations for a rate increase at the August meeting. STOCKS: US markets closed lower on Thursday, amid [..]

Special Report – Emerging market and risk sensitive currencies take a hit from rising trade tensions

Posted on June 21, 2018 at 12:18 pm GMT

The United States and China came one step closer to an all-out trade war this week after the Trump administration announced counter tariffs to China’s retaliation to the US’s 25% tariffs on $50 billion of Chinese goods, when they matched it with similar levies. Until now, the growing rift in trade policy between the world’s two largest economies had been met by only modest responses in financial markets. However, following the latest exchange of heated rhetoric, market participants may have [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms