All Articles Tagged - AUDUSD

US Open Note –Stocks strong around highs, yields receive boost, dollar on back foot

Posted on April 29, 2021 at 1:44 pm GMT

Stocks optimistic as yields rise, risk remains somewhat subdued, GDP data key Stocks maintain an upbeat tone with the S&P 500 index winning the race, currently at the 4,214 level. The dollar index has surrendered its latest gains to today’s high of 90.67, pulling slightly lower to 90.53. The stumble in the greenback has strengthened the euro to $1.2133 assisted by a slur of positive Eurozone data, which is outperforming the relatively subdued sterling at $1.3944. The Fed has somewhat [..]

Technical Analysis – AUDUSD repowers optimism with prod above SMAs

Posted on April 29, 2021 at 7:46 am GMT

AUDUSD has re-established its neutral-to-bullish demeanour after nudging back above the 50- and 100-day simple moving averages (SMAs), and is currently tackling the upper Bollinger band around 0.7838 – just shy of the 0.7848 barrier. The bullish 100- and 200-day SMAs are guarding the positive structure, while the 100-day SMA and the more static 50-day SMA have provided the price with fresh footing to improve. Although the short-term oscillators are presently favouring the upside, they are indicating a phase where [..]

US Open Note – Fed decision in spotlight; dollar rises near 109 yen

Posted on April 28, 2021 at 1:11 pm GMT

FOMC meeting in focus; dollar heads higher The major highlight of the day is the Federal Reserve’s policy announcement at 18:00 GMT. Policymakers will likely recognize the fast economic recovery from the pandemic as the progressing vaccination program brightens the outlook for the economy. Despite that, the central bank is expected to keep interest rates steady within the target range of 0-0.25% and its monthly bond purchases stable at $120 billion. Following the Bank of Canada’s bond tapering announcement, investors will be eaerly waiting to hear whether the Fed is also planning [..]

Daily Market Comment – Yields jump ahead of Fed decision; Biden also in the spotlight

Posted on April 28, 2021 at 9:11 am GMT

Treasury yields creep up again on rising inflation expectations but Fed to stay the course Biden to seek Congressional support for big spending in joint address Dollar recoups further lost ground but dovish Powell could torpedo it Equities modestly higher as soaring earnings fail to set Wall Street alight Fed meets amid fresh warning signs in bond markets Treasury yields headed higher and the US dollar recovered further from multi-week lows ahead of what may not turn out to be [..]

US Open Note – Market in calm tone ahead of earnings and FOMC

Posted on April 27, 2021 at 12:57 pm GMT

Dollar and euro tick up The greenback is regaining some ground versus the Japanese yen, holding around 108.40 ahead of the Federal Reserve policy decision tomorrow, no changes are expected in policy settings. The dollar index is still moving with weak momentum near 91.00 and below the 50-day simple moving average (SMA). Jerome Powell will give hints on whether improving economic conditions justify a tapering of monetary easing. Euro/dollar is flattening, remaining below the two-month high at 1.2116 and pound/dollar is surpassing the 1.3900 number. In commodity [..]

Daily Market Comment – Dollar pares losses, stocks muted in wait for Fed, earnings

Posted on April 27, 2021 at 9:10 am GMT

Firmer Treasury yields help dollar steady as traders look to Fed for the next cue US consumer confidence data, Treasury auction eyed as inflation worries persist Another record on Wall Street as earnings season heats up but overall mood subdued Dollar attempts rebound as Fed outcome awaited The US dollar was still licking its wounds on Tuesday as it clawed higher in lacklustre trading ahead of the FOMC decision on Wednesday. Although nothing new is anticipated by the Fed tomorrow [..]

Technical Analysis – AUDUSD maintains green glow; bulls remain in control

Posted on April 26, 2021 at 3:30 pm GMT

AUDUSD came just shy of the 0.7815 high achieved on April 20, after the pair found positive traction within the support zone of 0.7676-0.7700. The climbing 50- and 100-period simple moving averages (SMAs) on the four-hour chart are endorsing the price gains from the 0.7584 trough. Furthermore, the recent completion of a bullish crossover of the 200-period SMA by the 100-period one, may fuel additional improvements in the pair. The rising red Tenkan-sen line is reflecting the pickup in momentum and [..]

Aussie to take a special look at Australian CPI – Forex News Preview

Posted on April 26, 2021 at 1:44 pm GMT

Australian CPI figures for the first quarter will be front and centre on Wednesday at 01:30 GMT, with the country being one of the world’s success stories in the coronavirus pandemic. However, the country has been slower than others to immunize its population with delays to the delivery of vaccine orders, which may affect the aussie as well, although it is on a somewhat firmer footing lately. The inflation report is predicted to print 0.5% q/q for the trimmed mean, pushing the annual rate up to 1.4% from 0.9% for the first quarter [..]

US Open Note – Dollar rebounds off new lows ahead of busy week

Posted on April 26, 2021 at 1:18 pm GMT

Dollar remains under pressure; big earnings are coming up The key event of the week is the FOMC meeting on Wednesday and a packed earnings schedule, starting with Tesla after the US market close. As US yields are still depressed, the US dollar index is drifting below the 91.00 crucial level, while dollar/yen is moving horizontally around the 108.00 round number after the pullback off the 13-month peak of 110.95. If there is a turnaround in US yields then there is an expectation of the dollar to regain some ground. US Durable [..]

Daily Market Comment – Dollar slump deepens, stocks quiet ahead of big earnings

Posted on April 26, 2021 at 8:51 am GMT

Dollar rout continues as Fed expected to repeat dovish message Euro capitalizes, climbs to 2-month top on renewed European optimism Stocks lack direction, await key earnings and barrage of US data releases Dollar stuck in the doldrums but yields firmer eyeing Fed It’s Fed week but the dollar can’t catch a break as the US currency extended its slide on Monday against its major peers amid a combination of a dovish Fed rate outlook and rising optimism in other parts [..]

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