All Articles Tagged - AUDUSD

US Open Note – Riskier currencies cheer on dollar weakness as stocks heal

Posted on February 19, 2021 at 2:16 pm GMT

From optimism to doubts A surprising pickup in US weekly jobless claims proved on Thursday how easily market sentiment can switch from hopes of a speedy recovery to doubts of a robust expansion, triggering a pullback on Wall Street. Although weaker growth prospects tend to hurt bond yields, the US 10-year Treasury yield managed to rebound in the aftermath as the jobs data urged the need for Biden’s $1.9 trillion stimulus package, and therefore signalled an even bigger bond issuance. [..]

Daily Market Comment – Higher yields start to bite but dollar mired in recovery doubts

Posted on February 19, 2021 at 9:59 am GMT

Long-term Treasury yields climb again, dampening the mood in equity markets Stocks and gold slide, but dollar stumbles over poor jobless claims figures Pound hits $1.40, unbruised by big retail sales miss; aussie soars Surge in global bond yields spooks markets Global bond yields are creeping higher again after a brief reprieve mid-week. The record issuance of government bonds and expectations of even greater borrowing to fight the pandemic have sparked a bond selloff as the reflation trade gets into [..]

US Open Note – Stock bears dig deeper; pound jumps to fresh highs

Posted on February 18, 2021 at 2:12 pm GMT

The calm after the rally Investors will have to wait for the next Fed policy meeting and for progress in Biden’s $1.9 trillion stimulus plans before they adjust their rising inflationary expectations. For now, the FOMC meeting minutes, which were released late on Wednesday, have ensured markets it will take some time before inflation and the unemployment rate push the Fed to remove some stimulus. Hence, US Treasury yields, which were last trading around 1.30%, may take the back seat after a [..]

Daily Market Comment – Fed minutes take pressure off soaring yields but stocks slip

Posted on February 18, 2021 at 9:30 am GMT

US yields pull back as Fed says it will take “some time” to achieve its goals Stocks mostly down but Dow Jones rises amid rotation out of tech shares Dollar holds onto gains after huge jump in US retail sales Fed minutes restore some calm in bond markets Treasury yields fell back from one-year highs on Thursday as worries about higher inflation and Fed tightening subsided somewhat. The Federal Reserve played down the growing threat of inflation making a comeback [..]

US Open Note – US Retail sales add to rising inflation bets; FOMC minutes next in the spotlight

Posted on February 17, 2021 at 2:08 pm GMT

Dollar bulls positively charged by rising yields Hopes for a robust recovery and expectations that inflation may pick up steam faster than markets believed continued to feed risk-on appetite during late European hours, keeping the 10-year Treasury yield near today’s peak of 1.33%. The strong upturn has yet to scare stock markets, though some weakness is evident today, with US futures pointing to a neutral open as European equities are preparing to close the day with moderate losses. Although demand [..]

Daily Market Comment – Rising US yields resuscitate dollar, scare equities

Posted on February 17, 2021 at 9:53 am GMT

Treasury yields jump again as stimulus draws closer, inflation bets continue to rise Dollar soars against yen, crashes gold; stocks ease back but no sign of panic Oil holds firm amid US disruptions, copper surges on growth optimism Yields rise across the board but only dollar shines The yields on long-term Treasury notes have been creeping higher again as investors continue to price in a mega stimulus package in the United States. But it’s not just expectations of record debt [..]

Australian employment report may see improvement; aussie eases – Forex News Preview

Posted on February 16, 2021 at 2:29 pm GMT

Australia’s employment report for January is expected to attract investors’ eyes on Thursday at 00:30 GMT. Preliminary retail sales will also come under the spotlight on Friday at the same time. Unemployment is expected to take two to three years to return to pre-pandemic levels and, looking at the nation’s currency, it is holding near 33-month highs. The spread of the virus and the speed of vaccine distribution remain key determinants of the outlook. Unemployment rate projected to fall to its lowest since last April In December’s report, the unemployment rate declined [..]

Daily Market Comment – Yen crumbles as vaccine optimism intensifies, stocks extend gains

Posted on February 16, 2021 at 10:00 am GMT

Safe-haven yen sold across the board as vaccine rollouts fuel hopes of a swift recovery Stocks continue to soar even as global yields creep higher, but dollar fights back Pound scales fresh highs as aggressive vaccination campaign shines light on UK assets Vaccines keep optimism running high The expansion in the global rollout of Covid-19 vaccines drove risk appetite to new heights on Tuesday as investors became more confident that inoculating against the deadly virus will lead the global economy [..]

Daily Market Comment – Stocks hit fresh records as dollar pulls back, oil breaks $60

Posted on February 15, 2021 at 10:02 am GMT

Global stocks surge to fresh highs as no end to euphoria, but quieter day expected Dollar jolts back down, pound and aussie roar ahead on vaccine boost WTI oil smashes above $60 a barrel to new post-pandemic high No stopping the bulls The stimulus and vaccine-led euphoria continued to bolster sentiment on Monday even as US markets are shut for Presidents’ Day and China is still celebrating the Lunar New Year. Asian markets closed sharply higher, led by Japan’s Nikkei [..]

Technical Analysis – AUDUSD slides around 1-month high

Posted on February 15, 2021 at 9:32 am GMT

AUDUSD is looking strongly bullish in the short term after surging above its 4-hour simple moving averages (SMAs). Prices hit a one-month high of 0.7786 and the technical indicators are all pointing to further positive momentum in the near-term. The MACD is strengthening its momentum above its trigger line in the positive region, while the RSI is holding around the overbought zone. Immediate resistance to further gains would likely come from the 0.7805-0.7819 area ahead of the 0.7915 barrier, registered [..]

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