All Articles Tagged - AUDUSD

US Open Note – Stocks remain upbeat and dollar stabilizes

Posted on July 7, 2021 at 1:52 pm GMT

Softened market mood prepares for US job openings and Fed minutes The Nasdaq 100 remains comfortably at its highs, while the S&P 500 and the Dow Jones Industrial Index have largely recouped the minor setback related to yesterday’s ISM PMI data. Markets have calmed and the dollar index is consolidating around 92.50, following its latest gains. The minor cooling of the US economy along with 10-year yields dropping to 1.30% have barely hurt the dollar. That said, four straight months [..]

Can the Delta variant wreck hopes of an end to lockdowns? – Special Report

Posted on July 6, 2021 at 2:32 pm GMT

The highly contagious Delta variant of Covid-19 has fast become the dominant strain around the world, spreading beyond Asia. Countries with low vaccination rates like Australia have had no choice but to reimpose draconian lockdowns, but in other places such as America and Britain where most adults have had at least one vaccine dose, there are no plans yet to pause the full reopening of their economies. Is it sensible to assume so early on that vaccines have broken the [..]

US Open Note – Stocks tread water around highs and dollar ticks up

Posted on July 6, 2021 at 2:31 pm GMT

Markets process June ISM services PMI Markets seem somewhat muted around their highs after Friday’s mixed payrolls report but the greenback’s demeanour has strengthened slightly. Although global recoveries are on the right path, markets continue to try and clearly decipher the plans or approaching plans of central banks gradually ending accommodative policy. The dollar index has improved to 92.40, while the euro and sterling faded from their intraday highs but held above the $1.1800 and $1.3800 borders. Spikes in infections [..]

Daily Market Comment – Aussie and kiwi capitalize on softer US dollar, oil roars

Posted on July 6, 2021 at 8:36 am GMT

Australian dollar storms higher after RBA slows asset purchases Kiwi jumps too, capitalizing on softer US dollar and RBNZ pricing Oil prices cheer as OPEC abandons talks, gold pushes higher RBA takes half measures, aussie still soars The Reserve Bank of Australia took the first step towards exiting cheap money policies at its meeting today. It signaled that asset purchases will slow down since the economy is much stronger than earlier expected, but tried to neutralize this optimistic message by [..]

US Open Note – Dollar in doldrums; RBA & OPEC+ decision awaited

Posted on July 5, 2021 at 1:26 pm GMT

US dollar under pressure ahead of FOMC meeting minutes Stock and FX markets resumed in quiet mode on Monday as the US was enjoying a long weekend for the 4th of July Independence Day. Perhaps the mixed results in the comprehensive Nonfarm payrolls report, which displayed a robust growth in new job positions but a soft increase in the unemployment rate on Friday, also provoked a tepid trading ahead of the FOMC meeting minutes due on Wednesday. Particularly investors are [..]

Technical Analysis – AUDUSD tries to create a new bullish wave above 0.7530

Posted on July 5, 2021 at 11:22 am GMT

AUDUSD is trying to overcome the 0.7530 resistance region and the upper Bollinger band, which overlaps with the 40-period simple moving average (SMA). Encouragingly, the RSI and the MACD continue to hold above their recent lows, while the first has also managed to crawl back above its neutral threshold of 50, providing some optimism that the bulls may not give up the battle yet. Any successful attempts above 0.7530 could drive the market towards the 0.7617 resistance, taken from the [..]

Daily Market Comment – Dollar knocked down after jobs report, stocks party

Posted on July 5, 2021 at 8:54 am GMT

US dollar takes some damage, equities hit new records after US jobs data Oil prices remain elevated amid OPEC divisions, talks continue today Aussie dollar braces for crucial RBA meeting early on Tuesday Nonfarm payrolls hit the sweet spot The US employment report left markets spinning on Friday. While nonfarm payrolls overcame expectations by a solid margin, the unemployment rate paradoxically rose a touch, baffling traders and sparking a fresh round of volatility in most assets. The two numbers come [..]

US Open Note – Dollar slips as NFP report is mixed

Posted on July 2, 2021 at 1:04 pm GMT

Dollar dives after NFP report; unemployment rate advances to 5.9% The US payrolls figure has stolen the attention of traders today as has taken the markets by surprise. The dollar lost some ground after the publication of the non-farm payrolls report, falling near 111.30 against the yen after a strong bullish start towards 111.70 earlier in the day. The US dollar index is moving lower after it topped at 92.74 during the release, while S&P 500, Nasdaq 100 futures and Dow Jones are recording new [..]

Weekly Comment – Resurgent USD looks to FOMC minutes for further boost

Posted on July 2, 2021 at 12:46 pm GMT

It’s been an exceptional week for USD, which has strongly come back in favour with investors following the Fed’s slightly hawkish tilt. However, fresh virus fears amid a rampant Delta variant in Asia have also boosted USD. Next week, it’s all about the FOMC minutes as the Fed will likely hint at the start of taper discussions. Highlights ahead: But first, all eyes will be on the RBA, which meets on Tuesday. A lot is at stake for AUD as [..]

Aussie braces for storm as RBA set to reshape policy – Forex News Preview

Posted on July 2, 2021 at 11:29 am GMT

The Reserve Bank of Australia will announce its latest policy decision on Tuesday at 4:30 GMT and is widely anticipated to announce significant changes to its quantitative easing measures. The changes have the potential to be both positive and negative for the Australian dollar as the RBA will likely acknowledge that it may have to raise interest rates slightly sooner than expected but that its asset purchases could run for longer than its main peers’. But with the aussie being [..]

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