All Articles Tagged - AUDUSD

Daily Market Comment – Stocks climb, yields slide as Fed sticks to transitory narrative

Posted on May 25, 2021 at 9:21 am GMT

Bond yields drop again, growth stocks rally after Fed soothes inflation fears China’s crackdown on commodity speculators also eases inflation worries Dollar slumps to near 5-month low, euro surges above $1.2250 Fed relaxed on inflation risks, markets like it Fed speakers came out in droves on Monday to reinforce the central bank’s position on the flare-up in inflation that’s driven markets into speculation overdrive about the timing of when all the stimulus will be withdrawn. Rising concerns that a lot [..]

Technical Analysis – AUDUSD tries to overthrow bearish pressures

Posted on May 24, 2021 at 2:48 pm GMT

AUDUSD is successfully recapturing some of the pair’s recently lost ground but this progress may be short-lived should the price fail to navigate through the resistance zone of 0.7739-0.7762. The fairly horizontal 100- and 200-period simple moving averages (SMAs) are suggesting an absence of strong directional sentiment, endorsing a neutral market mood, while the falling 50-period SMA is struggling to dampen improvements in the price. The short-term oscillators are indicating that positive drive is strengthening. The MACD, in the negative [..]

US Open Note – Dollar mixed in the absence of data

Posted on May 24, 2021 at 12:47 pm GMT

Dollar waits for PCE inflation; euro jumps above $1.22 This week is a quiet period in terms of data as the US core PCE on Friday will be in the spotlight. The US dollar posted some marginal gains in the beginning of this session, but lost steam after finding strong resistance near the 109.00 round number versus the Japanese yen. The lack of major releases is not helping the greenback to turn up until there are more strong US data and Treasury yields stop their decline. The US [..]

Daily Market Comment – Inflation uncertainty makes for cautious start to week

Posted on May 24, 2021 at 9:28 am GMT

Dollar and stocks firmer, look to Fed speakers and data for momentum, inflation clues Euro softer after Lagarde comments, pound slips too Metal prices fall again after China warning, aussie struggles Inflation vs recovery theme Lingering fears of an upsurge in inflation weighed on sentiment at the start of this week’s trading amid a somewhat quieter day with several European markets closed for a public holiday. The clashing themes of the growing inflation threat and the strengthening global recovery have [..]

Week Ahead – PCE inflation might turn heads as long march to June looms

Posted on May 21, 2021 at 12:20 pm GMT

Markets just got their first acknowledgement by the Fed that it may soon need to begin discussions on tapering. However, further clarification is unlikely to come before the next FOMC meeting in June so as we head into a quiet data week, trading might get even choppier than it has been recently as investors search for more clues on inflation. One such clue will be the latest PCE inflation numbers out of the United States. Otherwise, the only other highlight [..]

Daily Market Comment – Dollar licks wounds after rollercoaster week, tech stocks rebound

Posted on May 21, 2021 at 9:30 am GMT

Dollar skids towards 3-month lows as inflation and taper fears ease further Wall Street halts losing streak as lower yields lift tech stocks Commodities extend losses but gold holds near highs amid rotation out of crypto Dollar bruised by Fed taper false alarm Inflation and taper jitters subsided further on Friday following the mid-week scare when the Fed minutes revealed some worries about persisting high inflation and eagerness among some participants to begin the taper debate. However, markets have concluded [..]

Daily Market Comment – Fed hints at taper discussion soon but dollar struggles to catch a bid

Posted on May 20, 2021 at 9:11 am GMT

Fed minutes drop first hint of starting to ‘think about thinking about’ tapering US dollar and yields jump, but not much, before easing slightly Wall Street dips but pares losses, equity markets mixed today Not so relaxed about inflation after all? The minutes of the Federal Reserve’s April policy meeting dropped the first taper bombshell on Wednesday as some policymakers raised the prospect of beginning discussions on reducing bond purchases soon. According to the minutes, some participants thought “it might [..]

Technical Analysis – AUDUSD tests key support zone; upside risks intact

Posted on May 20, 2021 at 8:22 am GMT

AUDUSD is currently challenging the supportive trend line pulled from the 0.6990 low, which has put the pair’s bullish endurance under the microscope. The price is also resting on the merged 50- and 100-day simple moving averages (SMAs), bordering the above mentioned line around the 0.7710 level, which are also reflecting a more neutral market mood for now. The 200-day SMA continues to defend the bigger positive structure. The squeezed and flattening Bollinger bands are indicating that price volatility has [..]

Daily Market Comment – Inflation fears creep in again ahead of Fed minutes

Posted on May 19, 2021 at 9:12 am GMT

Inflation worries spark US tech selloff, prompting caution ahead of Fed minutes US futures slip further but dollar slide eases on slight risk averse mood Loonie pulls back from highs on lower oil prices, eyes CPI data Inflation concerns won’t go away Market jitters about higher inflation resurfaced late on Tuesday, weighing on equities, as investors reassessed the outlook for earnings growth against a backdrop of higher costs and supply constraints. Big tech stocks with sky-high valuations were the biggest [..]

US Open Note – Stocks pick up, dollar hurt and gold retains bullish tone

Posted on May 18, 2021 at 1:15 pm GMT

Stocks recoup yesterday’s lost ground as dollar loses dominance US major indices are largely holding around yesterday’s highs after having reclaimed surrendered ground, emanating a slight pickup in risk appetite. That said the damage in the greenback is being felt across the board. The dollar index plunged below the 90.0 mark and has managed to stabilize around 89.70. The Fed’s dovish stance seems to be weighing on the greenback and sentiment appears to be subdued. Steady yields are not discouraging [..]

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