All Articles Tagged - AUDUSD

Week Ahead – US jobs report to headline quiet Easter week

Posted on March 26, 2021 at 12:33 pm GMT

As markets reassess how soon European economies will be able to reopen, the March nonfarm payrolls report out of the United States will likely highlight the widening growth disparity between the two regions. The expected strong US data could help maintain the dollar’s upward drive but ultimately, its path will be determined by whether or not risk appetite bounces back. Risk sentiment has been fragile of late as an increasingly bitter spat between the UK and EU over vaccine exports [..]

Daily Market Comment – Equities bounce back, dollar holds firm, euro steadier

Posted on March 26, 2021 at 10:14 am GMT

Mood brightens after Wall Street posts late rebound but risks from quarter-end flows Dollar slightly off highs, euro barely recovers as EU leaders clash over vaccines Aussie and kiwi lead gainers, oil jumps again as Suez Canal blockage could last weeks Stocks head higher as traders focus on US recovery World stocks look set to end a turbulent week on a more positive note after upbeat news on the US economy fuelled a late rally on Wall Street on Thursday. [..]

Daily Market Comment – Dollar stands tall as lockdown worries hang over markets

Posted on March 25, 2021 at 10:11 am GMT

Dollar inches up to fresh highs but yen steps back as US stock futures steadier Euro and pound try to put a floor under losses after EU and UK pledge vaccine cooperation Oil prices see-saw on Suez Canal blockage, European lockdown woes Dollar extends gains amid ongoing lockdown misery The dented growth outlook in Europe continued to weigh on markets on Thursday as the latest announcements of virus curbs from the continent have dashed hopes of a speedy recovery in [..]

Technical Analysis – AUDUSD slumps to 7-week low but could be bottoming out

Posted on March 25, 2021 at 6:24 am GMT

AUDUSD slid to a 7-week low of 0.7582 on Wednesday and has since been struggling to reclaim the 0.76 level. The momentum indicators are displaying mixed messages. The RSI has flatlined below the 50 level, suggesting the selling pressure is easing. But the stochastics are still pointing down; although being so deep in negative territory, it may only be a matter of time before they reverse higher. The pair is attempting to make a positive turn today and should the [..]

US Open Note – European markets falter; US flash Markit PMIs & Powell’s testimony ahead

Posted on March 24, 2021 at 1:25 pm GMT

Frustration with AstraZeneca continues Wednesday’s European session was not very productive for stocks and currencies, with the euro and the pound remaining negatively charged against the dollar despite the upbeat flash Markit PMI readings for March. The blames go to the troubling vaccination program in the Eurozone, which turned even uglier after AstraZeneca’s injections were blamed for causing blood clots in several countries. Although the EU lifted its suspension of the vaccine, frustration with AstraZeneca did not cease as Brussels [..]

Daily Market Comment – Stocks falter, dollar surges amid lockdown gloom, US tax hike talk

Posted on March 24, 2021 at 10:08 am GMT

Risk aversion enters full gear as Yellen’s tax hike signals and European lockdowns sap sentiment Dollar climbs to 4-month high, yen surges too, bond yields slip further amid flight to safety Stocks slide deeper into the red but Wall Street futures point to a brighter start today Mood sours further on lockdown and tax hike fears Traders continued to rush into safe havens while dumping risk assets on Wednesday as a synchronized global recovery looked increasingly doubtful, prompting many investors [..]

Technical Analysis – AUDUSD dives beneath 0.7700; negative pressures persist

Posted on March 23, 2021 at 4:13 pm GMT

AUDUSD is sustaining a bearish tone beneath the simple moving averages (SMAs) despite having pivoted upwards at the 0.7655 level. The somewhat congested SMAs reflect the latest month in which the pair has been range-bound, however, a bearish crossover of the 100-period SMA by the downward pointing 50-period SMA could fuel negative sentiment. The temporarily paused Ichimoku lines are backing negative price action, while the short-term oscillators are conveying mixed signals in directional momentum. The MACD, below the zero line, [..]

US Open Note – Stocks and gold steady, dollar reveals brawn, oil slips

Posted on March 23, 2021 at 2:08 pm GMT

Stocks find footing, dollar takes throne, Chair Powell eyed Stocks halted earlier Asian losses and are stabilizing somewhat, emanating subdued risk sentiment, ahead of Chair Powell’s forthcoming testimony and a number of FOMC member speeches. Markets remain manoeuvred by rising yields and COVID-19 related-barriers and worries, as the inflation narrative has taken the back seat. Nevertheless, the dollar’s attractiveness may soon elevate further, if President Biden’s administration manages to bring to fruition another $3 trillion of infrastructure spending. The dollar [..]

Daily Market Comment – European lockdowns weigh on stocks, lift dollar; Powell testimony eyed

Posted on March 23, 2021 at 9:59 am GMT

New lockdowns in Europe dampen risk sentiment, bolster dollar and yen Stocks slip back but rumours of massive US infrastructure package lend support Kiwi slumps on steps to cool house prices, oil tumbles too, euro and pound muted Dollar up amid fresh lockdown worries Renewed fears about extended lockdowns in Europe are undermining risk assets again as a summer reopening of the continent’s economy is looking increasingly unlikely. Germany became the latest country today to delay a planned easing of [..]

Daily Market Comment – Lira crashes after Erdogan sacks CB chief; yen climbs, stocks struggle

Posted on March 22, 2021 at 9:41 am GMT

Turkish lira plummets by 13% after Turkey’s president fires hawkish central bank head Surprise move causes jitters in financial markets, boosts safe havens like yen and dollar Aussie leads the losers, euro and pound slip too amid growing UK-EU vaccine row Lira plunges to 4-month low amid fresh crisis Turkish President Recep Tayyip Erdogan responded to last week’s bigger-than-expected rate hike by the country’s central bank by ousting its governor, Naci Agbal, in a shock move late on Friday. The [..]

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