All Articles Tagged - AUDUSD

Daily Market Comment – Markets unrattled by US inflation jump, dollar slips, stocks hit record

Posted on April 14, 2021 at 8:54 am GMT

Bond markets shrug off surge in US inflation as yields fall, dragging dollar to 3½-week low But stocks impervious as Tesla drives S&P 500 to fresh record; bank earnings coming up Dollar plunge lifts rivals, yen finds little love despite J&J vaccine woes No panic after US inflation shoots higher Markets appeared to brush aside fears of higher inflation after the much-anticipated CPI data out of the United States failed to spark a huge reaction on Tuesday. The US consumer [..]

Aussie’s horizontal move may change after strong employment report – Forex News Preview

Posted on April 13, 2021 at 12:42 pm GMT

The aussie has been moving sideways over the last three weeks with the employment report for March, due out on Thursday at 00:30 GMT, likely to attract some attention. The recession in Australia is over as the economic indicators have turned positive; however, the recovery still has a long way to go. However, unemployment is expected to return to pre-pandemic levels faster than expected. Unemployment rate predicted to plunge further The unemployment rate is forecasted to fall even lower to 5.7% from 5.8% before. This was the lowest jobless rate since March, as the economy recovers gradually from the coronavirus pandemic. However, in March, the economy is predicted to have [..]

US Open Note – Stocks consolidate at highs, gold adopts negative trajectory

Posted on April 13, 2021 at 12:25 pm GMT

Stocks composed and dollar strengthens heading for US inflation data Stocks are suspended around their highs as market jitters are apparent as we near the release of the upcoming US inflation figures. Treasury yields and inflation remain some of the key drivers for market sentiment and in diagnosing the recovery pace. Improving yields and their bolstering effect on the greenback could be enhanced should the US Consumer Price Index (CPI) for March – due to be released at 13:30 GMT [..]

Daily Market Comment – Dollar steady, stocks mixed ahead of US inflation data

Posted on April 13, 2021 at 8:54 am GMT

Dollar drifts sideways in choppy trading as investors brace for jump in US inflation Stocks lack direction as yields firm, US data, earnings awaited Pound extends gains but most majors stuck in tight ranges, gold slides again All eyes on US inflation With yesterday’s $96 billion Treasury auction passing uneventfully, investors have turned their attention to the latest reading of the consumer price index out of the United States later today. Expectations of a spike in US inflation have been [..]

Technical Analysis – AUDUSD edges sideways but remains negatively skewed

Posted on April 12, 2021 at 3:48 pm GMT

AUDUSD’s positive efforts are currently being capped by the 100-period simple moving average (SMA) and the pair appears to be ranging above the 0.7600 handle. The falling 100- and 200-period SMAs are promoting a bearish tone, while the somewhat frozen Ichimoku lines and the flattening 50-period SMA are reflecting the evaporation of directional sentiment. The short-term oscillators point to weakened positive impetus and are suggesting mixed signals in momentum. The MACD is hovering ever so slightly below its red trigger [..]

US Open Note – Dollar lacks direction amid market calm; US stocks freeze

Posted on April 12, 2021 at 1:00 pm GMT

Dollar flattens in absence of data today; pound rises A calm day is on the table as dollar/yen is stable around 109.35 and the US dollar index is moving horizontally and marginally below the 200-day simple moving average (SMA) as the US data in the next days may drive the greenback even higher. The US Congress is starting to work on the infrastructure package with President Biden meeting centrist lawmakers from both parties. It is noteworthy that the US fiscal stimulus will be [..]

Week Ahead – US and China data could reinforce optimism but RBNZ to sound caution

Posted on April 9, 2021 at 12:17 pm GMT

As the dollar recedes on some scepticism around the aggressive bets of an early Fed tightening, US inflation and retail sales numbers due in the coming week could reignite those expectations. There could be a further boost to the global recovery outlook if Chinese GDP figures point to strong growth in the first quarter. In the UK, the monthly GDP print might not be able to provide much respite for the sagging pound and the kiwi might have a hard [..]

Technical Analysis – AUDUSD sticks about 0.7600 mark; retains optimism

Posted on April 8, 2021 at 8:55 am GMT

AUDUSD is edging sideways in the vicinity of the 100-day simple moving average (SMA), sustaining its persevering bullish twinkle. All the SMAs are defending the stubborn bullish structure, in spite of the fairly horizontal demeanour of the 50-day SMA. The flattening Ichimoku lines suggest that the bearish impetus has fairly subsided, while the short-term oscillators are transmitting conflicting signals in directional momentum. The MACD has marginally stepped above its red trigger line but remains just below the zero level, while [..]

US Open Note – European stocks in cheerful mode; dollar is still the king despite pullback

Posted on April 6, 2021 at 1:15 pm GMT

European indices hit record highs, but economic outlook still bleak The European equities had a pleasant start after a long weekend on Tuesday, rushing to catch up with the rally in US rivals, sending the STOXX 600 and the German DAX 30 to fresh record highs early on Tuesday. The stock rally emerged after a barrage of US data provided evidence that the recovery in the biggest economy of the world is picking up steam, while news that some Democrats favor [..]

US Open Note – Dollar’s bullish trend is your friend; pound at 2-week highs

Posted on April 5, 2021 at 1:07 pm GMT

Dollar’s bullish run could see more extensions Stock and bond trading will resume at normal hours today in the US, as European traders will remain out of the office to celebrate Easter Monday. Following the stellar NFP release on Friday, the ISM non-Manufacturing PMI for March will probably extend its upward trajectory comfortably within the expansion area at 14:00 GMT, backing the progress outlined by the Markit PMI readings, which will also see their final revision a few minutes before [..]

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