All Articles Tagged - AUDUSD

US Open Note – US futures slip, dollar edges up and pound eases after BoE decision

Posted on March 18, 2021 at 1:32 pm GMT

Dollar points up again; Pound eases after BoE decision Thursday brought some mild risk-on trading back on the surface after the release of the Bank of England (BoE) decision, which comes hot on the heels of the Fed’s dovish statement yesterday. The US dollar moved broadly higher as the euro/dollar fell to around 1.1925, below the 200-day SMA, while cable is declining slightly after the dovish Bank of England (BoE) decision to hold interest rates at a record low of 0.1%. Policymakers mentioned that UK GDP is anticipated recover during 2021 to achieve reach pre-coronavirus levels, [..]

Technical Analysis – AUDUSD fades from 0.8000, ranges around 50-day SMA

Posted on March 18, 2021 at 10:06 am GMT

AUDUSD seems to be stuck between the directionless Ichimoku lines and is consolidating slightly above the Ichimoku cloud. The flattening 50-day simple moving average (SMA) appears to be providing some footing for buyers, while all SMAs are defending the broader bullish price structure. The Ichimoku lines and the short-term oscillators are suggesting that crucial directional momentum has subsided, however the oscillators are indicating a marginal improvement in sentiment. The MACD has ever so slightly shoved above its red trigger line [..]

Daily Market Comment – Dovish Fed lifts Wall Street, but can’t keep yields down

Posted on March 18, 2021 at 10:00 am GMT

Fed maintains dovish rate path despite upping growth and inflation forecasts Dow Jones and S&P 500 hit new records; Nasdaq rises too before futures slip Dollar falls but then rebounds as 10-year Treasury yields resume climb BoE decision up next, pound steady; yen see-saws on BoJ rumours Fed reiterates rate outlook, not worried about yields The Federal Reserve bumped up its growth and inflation projections in its latest meeting on Wednesday even as the majority of policymakers predicted that rates [..]

Aussie waits for a boost to move up; employment report and preliminary retail sales coming up – Forex News Preview

Posted on March 17, 2021 at 10:28 am GMT

Australia’s employment report for February is expected to attract investors’ attention on Thursday at 00:30 GMT. Preliminary retail sales will also come under the spotlight on Friday at the same time. The labour market sentiment is anticipated to show strength in the month, reporting one of its best readings in nearly a decade. Unemployment rate projected to fall to its lowest since last March The Australian measures reveal the impact of further lockdowns and re-openings, with employment surging in Victoria, which is still running behind the recovery seen in other states. The unemployment [..]

Daily Market Comment – Bonds and dollar steady, stocks mixed ahead of Fed

Posted on March 17, 2021 at 9:42 am GMT

Fed decision awaited as 10-year Treasury yields hold above 1.60% Dollar flat, Wall Street futures slip as investors brace for Fed inaction EU’s vaccine shambles continue, euro battles to defend $1.19 level More jawboning expected as Fed to stay course Markets were in a calm mood on Wednesday, though sentiment erred on the side of caution as uncertainty around the FOMC decision kept investors on edge. The Federal Reserve is highly anticipated to hold rates and its stimulus programmes unchanged [..]

Daily Market Comment – Dollar recovers, stocks stand their ground despite rising yields

Posted on March 15, 2021 at 9:48 am GMT

Dollar gets its mojo back as US yields march higher, loonie climbs too US stock markets close at record highs, resilient to rising yields Quiet start to a busy week, featuring Fed, BoE, and BoJ meetings Can’t hold stock markets down The narrative that rising bond yields are toxic for stocks came under heavy fire lately. American stock markets hit new record heights last week even as longer-dated Treasury yields moved to new cycle highs, demonstrating that a higher cost [..]

Week Ahead – Will Fed & Co follow in ECB’s footsteps and signal QE shift?

Posted on March 12, 2021 at 1:56 pm GMT

The Federal Reserve will be meeting for the first time since yields exploded higher and the Biden stimulus bill became law. The Bank of England and Bank of Japan will announce their decisions too. Will the Fed and other central banks take their cues from the European Central Bank and respond to the bond market selloff by stepping up their purchases? The debate about whether higher yields warrant fresh policy action will likely dominate the market conversation, especially as there’s [..]

Technical Analysis – AUDUSD runs higher again after penetration of uptrend line

Posted on March 11, 2021 at 7:15 am GMT

AUDUSD is edging higher after the plunge beneath the long-term ascending trend line, flirting with the 40-day simple moving average (SMA). The stochastics are moving north after the rebound off the oversold zone, while the current price movement above the Ichimoku cloud is another encouraging signal. Yet, the MACD oscillator is losing momentum around the zero line, suggesting that some caution remains in the market. A successful step above the 20- and 40-day SMAs could face immediate resistance from the 0.7940 barrier ahead of the more [..]

US Open Note – Dollar, bond yields on the retreat; Nasdaq eyes strong rebound

Posted on March 9, 2021 at 2:05 pm GMT

Riskier assets gain on dollar weakness Tuesday brought some risk-on trading back on the surface as the cooling in US Treasury yields and the slowdown in the dollar allowed risk-sensitive currencies to heal. The dollar index could not reach the 200-day simple moving average (SMA) earlier in the day, peaking slightly lower at 92.50 before easing to 92.00. Despite the weakness in the Japanese yen, dollar/yen also pulled back to seek support near 108.80 after marking another higher high at [..]

Technical Analysis – AUDUSD’s downside risks persist as descent stalls

Posted on March 8, 2021 at 2:50 pm GMT

AUDUSD paused its negative trajectory from February’s 3-year high around the area between the latest lows of 0.7621 and 0.7635 respectively. The falling red Tenkan-sen line is assisting the price dive beneath the 200-period simple moving average (SMA), while the flattening blue Kijun-sen line is reflecting a pause in the downwards price move. The bearish crossover between the falling 50-period SMA at 0.7792 and the 100-period SMA at 0.7800 is endorsing a deeper drop in the price. The short-term oscillators [..]

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