All Articles Tagged - AUDUSD

Daily Market Comment – Dollar surges, stocks sink after Powell lets yields run loose

Posted on March 5, 2021 at 10:05 am GMT

Powell gives no hints about possible action to stem selloff in Treasuries Dollar soars to 3-month high, shares on Wall Street tank for third straight day OPEC+ extends output cuts in surprise move, oil scales early 2020 highs Treasury yields resume rally after Powell stays course Investors hoping for fresh clues from the Fed about how it plans to ride through the storm in bond markets were left disappointed on Thursday after Chair Jerome Powell offered no new insight. Speaking [..]

Daily Market Comment – Dollar snaps gains as Fed doubles down on easy policy

Posted on March 3, 2021 at 10:00 am GMT

Dollar suffers sharp pullback as yields settle lower, Fed hints at unease about surge Economic optimism, bond market calm drive stocks, US futures higher Pound hoping for budget boost as $1.40 becomes elusive, euro tests $1.21 Bond market rout eases further, with a little help from the Fed The panic that roiled bond markets last week continued to recede on Wednesday as central bankers from Europe, Australia and elsewhere warned against sudden spikes in bond yields, which have had a [..]

Technical Analysis – AUDUSD avoids trend deterioration, but upturn looks fragile

Posted on March 3, 2021 at 8:24 am GMT

AUDUSD is healing its injuries after the 50-day simple moving average (SMA), the surface of the Ichimoku cloud, and the ascending trendline from November blocked last week’s aggressive pullback from a three-year high of 0.8006. The ongoing recovery mode, however, warrants some caution as the MACD continues to weaken below its red signal line, while the red Tenkan-sen and Kijun-sen lines keep extending their sideways move above the price action. Meanwhile, the RSI is looking more encouraging after its bounce [..]

US Open Note – Dollar’s fight back continues as bond market remains in focus

Posted on March 2, 2021 at 2:14 pm GMT

Wall Street could start the day in red; bond market in focus The futures tracking the S&P 500 and Nasdaq 100 are signaling a negative open today after their biggest advance in almost nine months, as investors cautiously monitored the bond market and progress on the next round of fiscal stimulus. Wall Street surged on Monday as bond markets calmed, while developments on Covid-19 vaccines and fiscal stimulus bolstered expectations of a swift economic recovery. The dollar gained on the back of the reflation trade. Dollar/yen [..]

Daily Market Comment – Dollar advances as stocks slip again, yields hold steady

Posted on March 2, 2021 at 10:02 am GMT

Calmer bond markets lift Wall Street, but global stocks dip on China’s bubble warning Dollar approaches one-month high as ECB, RBA and RBNZ push back on rising yields Oil prices fall for third straight day on higher supply worries, gold struggles Bubble warning pressures stocks Risk appetite waned slightly on Tuesday as the relative stability in bond markets was overshadowed by warnings of a “bubble problem in foreign financial markets” by a top Chinese financial regulator. The comments revived fears [..]

US Open Note – US Treasury yields tick higher; dollar around 107.00

Posted on March 1, 2021 at 2:10 pm GMT

US dollar back to notable gains A strong upside move in the US dollar and in US bond yields are the major themes of the day. The question is if this recovery is being driven by risk-off impulses or from expectation of Fed tightening. The US dollar index is approaching the 91.00 level, while dollar/yen is in the process to complete the fifth straight positive day around 107.00. The futures of the S&P 500, Nasdaq 100 and Dow Jones were pointing to a slight positive open after negative sessions. On [..]

Can the RBA shoot the aussie down? – Forex News Preview

Posted on March 1, 2021 at 12:34 pm GMT

The Reserve Bank of Australia (RBA) will conclude its March policy meeting at 03:30 GMT Tuesday. The domestic economy is doing well and commodity prices have soared, but the RBA won’t be happy about the recent surge in bond yields and the exchange rate. Markets have even started pricing in rate hikes this year. Policymakers will likely push back against all this, but even so, the roaring aussie might not stay down for long. Too much optimism priced in The [..]

Technical Analysis – AUDUSD leaps back above 200-MA but bearish risks persist

Posted on March 1, 2021 at 9:56 am GMT

AUDUSD produced a false break of the 0.7988 high, identified in February 2018, touching a 3-year peak of 0.8006 before plummeting below the simple moving averages (SMAs) and pivoting at 0.7691. The SMAs are still supporting the pair’s bullish demeanour in spite of the diminished upward slopes of the 50- and 200-period SMAs. Nevertheless, the plunging red Tenkan-sen line is endorsing the aggressive negative price action, while the flattening blue Kijun-sen line is reflecting the pair’s recent bounce. Although the [..]

Daily Market Comment – Stocks edge up, dollar eases as bond markets stabilize

Posted on March 1, 2021 at 9:42 am GMT

Yields fall back as selloff in government bonds cools, but is the panic over? Stocks get off to firm start as vaccine and stimulus hopes still at play Risky currencies pare losses as dollar recedes from highs, gold bounces off lows Calm returns to bond markets, but maybe not for long Long-dated Treasury yields started the new month well off their one-year highs from last week as a bit of calm was restored in battered bond markets. The 10-year yield [..]

US Open Note – Dollar knocks down riskier currencies; House stimulus vote looming

Posted on February 26, 2021 at 2:15 pm GMT

Central banks react after yield rally It was a turbulent week for markets as the rapid rise in global bond yields triggered profit taking on stocks and harmed traditional safe-haven currencies, with the S&P 500 and Nasdaq set to close the week with considerable losses, though hold within the neutral-positive territory in monthly terms. Although investors got assurances from the Fed and other central banks that any tightening in monetary policy was long in the future, the yield rally over [..]

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