All Articles Tagged - AUDUSD

Daily Comment – China’s stimulus blitz supports positive equities sentiment

Posted on September 24, 2024 at 7:49 am GMT

Dollar tries to recover as Fedspeak favors further cuts China announces new measures, positive initial market reaction Aussie benefits from another hawkish RBA meeting Gold, oil and pound rallies continue Debate for the next Fed cut intensifies US stocks remain in a positive mood as Fed speakers continue to advocate for further rate cuts, despite the fact that the US data confirm the strength of the US economy. Although the first Fed rate cut was almost unanimously approved, there seems to [..]

Technical Analysis – AUDUSD travels slightly below 9-month high

Posted on September 23, 2024 at 11:23 am GMT

AUDUSD keeps bullish momentum Stochastics and RSI tick higher AUDUSD is flirting with the previous nine-month high of 0.6840 after the strong bounce off the 200-day simple moving average (SMA) at 0.6620. More buying interest could send traders towards the next resistance zone of 0.6870-0.6900 taken from the highs in December and June 2023 correspondingly. In the negative scenario, a slide beneath the immediate support of 0.6765 could raise the chance of a battle with the 20- and 50-day simple [..]

Daily Comment – Euro sinks on poor PMIs, dollar firms ahead of Fedspeak

Posted on September 23, 2024 at 9:02 am GMT

Eurozone PMIs dip into contraction zone, euro takes a dive Stocks mixed as weak PMIs offset optimism about China stimulus Dollar edges up as after Waller comments; Powell and PCE inflation eyed next Euro tumbles as recession fears return Eurozone business activity unexpectedly contracted in September according to the flash PMI estimates for September, sparking fresh concerns about the health of the economy. The S&P Global composite PMI fell to 48.9 in September from 51.0 in August, as German manufacturing [..]

Weekly Technical Outlook – USDCHF, AUDUSD, EURUSD

Posted on September 23, 2024 at 8:22 am GMT

SNB to cut rates as USDCHF holds within range RBA to hold steady with AUDUSD standing near 9-month high US core PCE index in the spotlight after Fed decision; EURUSD retreats to 1.1100 SNB interest rate decision –> USDCHF The Swiss National Bank (SNB) will announce its policy decision on Thursday, following the announcements made by major central banks last week. There is considerable uncertainty about the size of the rate cut. Currently, there is a 61% chance of a 25-basis-point reduction, while the remaining probabilities point to a 50-bps move. [..]

RBA policy meeting : It’s not time for a rate cut yet – Preview

Posted on September 20, 2024 at 1:09 pm GMT

RBA expected to deviate from the Fed and hold rates steady Inflation risks remain a concern; labor market is tight AUDUSD faces resistance near 0.6835; next barrier around 0.6875-0.6900 RBA to keep rates steady It will be time for the Reserve Bank of Australia (RBA) to announce its rate decision when its policy meeting concludes on Tuesday, but don’t expect a Fed-like rate surprise. The RBA hasn’t started the phase of rate cuts yet and may stay out of [..]

Technical Analysis – AUDUSD stands beneath 8-month peak

Posted on September 20, 2024 at 10:01 am GMT

AUDUSD creates several days of gains Prices added more than 3% since rebound off 200-day SMA Stochastic and RSI point down AUDUSD has been hovering near its opening levels today, after the new high of 0.6838 that was posted on Thursday. The pair bounced off the 200-day SMA near the 0.6620 support level, gaining more than 3%. According to technical oscillators, the stochastic is easing from the overbought area, while the RSI is ticking down above the 50 level. Both [..]

Week Ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap

Posted on September 20, 2024 at 9:57 am GMT

SNB is expected to ease for third time; might cut by 50bps RBA to hold rates but could turn less hawkish as CPI falls After inaugural Fed cut, attention turns to PCE inflation September flash PMIs to do the rounds; spotlight on euro area SNB to keep trimming as strong franc bites The Swiss National Bank (SNB) will be the final major central bank to announce its policy decision in September. Like the Fed, there is a substantial degree of [..]

Technical Analysis – AUDUSD posts new 9-month high

Posted on September 19, 2024 at 1:07 pm GMT

AUDUSD rally continues after bounce off 200-day SMA Technical oscillators are mixed AUDUSD has printed a fresh nine-month high of 0.6838 earlier today, creating the fourth consecutive green candle. The pair found significant support at the 200-day simple moving average (SMA) at 0.6620, continuing the medium-term bullish structure. The technical oscillators are showing some contradicting sings in the daily chart. The stochastic posted a bearish crossover within its %K and %D lines in the overbought region; however, the RSI is [..]

Week Ahead – Fed to cut interest rates, BoE and BoJ to remain on hold

Posted on September 13, 2024 at 10:28 am GMT

Investors are split between a 25 and 50bps Fed rate cut BoE expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed cuts begin Since the July US employment report, which sparked fears of recession, investors have been trying to figure out the size of the potential rate cut the Fed will deliver at its September gathering, and the moment of truth has finally come. [..]

Technical Analysis – AUDUSD remains above 200-day SMA

Posted on September 12, 2024 at 8:34 am GMT

AUDUSD battles with 50-day SMA Stochastics point north but RSI flattens AUDUSD had a bullish start on Thursday, with the price flirting with the 50-day simple moving average (SMA) at 0.6670. Momentum signals are neutral-to-bullish, with the RSI appearing to be heading south, while the stochastic oscillator has reversed higher after the bullish crossover within its %K and %D lines in the oversold area. Should the price continue to decline, the 0.6620 support could be a significant barrier to keep in mind [..]

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