All Articles Tagged - AUDUSD

Week Ahead – Dollar’s comeback bid wobbles ahead of Fed minutes, flash PMIs

Posted on February 12, 2021 at 1:42 pm GMT

There will be no shortage of data releases in the coming week, with Japanese GDP, Australian job numbers and European and US flash PMIs being some of the highlights. But markets may still struggle to find new direction as there’s nothing on the horizon that is likely to alter the existing narrative on stimulus and vaccine expectations. The minutes of the Federal Reserve’s January policy meeting are also not anticipated to rattle markets. Though, in the absence of any exciting [..]

Daily Market Comment – Stock markets refuse to retreat, FX arena quiet

Posted on February 12, 2021 at 9:49 am GMT

Equity markets stage a late comeback after Biden boosts semiconductors Euro/dollar caught between conflicting narratives, currencies quiet overall Most of Asia off for Lunar New Year week – thin liquidity implies risks Biden halts stock market retreat Equities were headed for a red session yesterday before news broke that the Biden administration will try to alleviate the shortage in chips, lighting a fire under semiconductor stocks that ultimately saw the whole market close higher. Soaring consumer demand for electronics during [..]

Is the global vaccination race the new force in FX markets? – Special Report

Posted on February 11, 2021 at 1:31 pm GMT

The global campaign to vaccinate people against Covid-19 began in earnest in December, marking a historic milestone in the fight to bring an end to the pandemic. However, as governments scramble to get their hands on a limited supply of Covid vaccines, the disparity in the immunization rate between different nations is not going unnoticed in the FX world. Countries that are pulling out all the stops to vaccinate their population are seeing comparative strength in their currencies, whilst those [..]

Technical Analysis – AUDUSD raises a bullish flag above channel

Posted on February 11, 2021 at 8:23 am GMT

AUDUSD is trying to escape the bearish channel after finding powerful support around the 50-day simple moving average (SMA) and the lower descending line. The spotlight has now turned back to the 0.7800 level, and the momentum indicators suggest the bulls could keep pushing towards that bar in the near term as the RSI is gaining ground above its 50 neutral mark and the MACD is recovering within the positive area. The distance with the upper Bollinger band is another [..]

Technical Analysis – AUDUSD recoups lost ground but positive signals take a hit

Posted on February 9, 2021 at 2:24 pm GMT

AUDUSD appears to be stalling above the 0.7700 mark after the pair’s recent gains from 0.7582 thrusted the pair over the simple moving averages (SMAs) and the Ichimoku cloud. However, positive sentiment seems to be waning slightly, something also being reflected in the pausing Ichimoku lines. The 50- and 100-period SMAs are endorsing the neutral-to-bullish price tone, after their bearish demeanour somewhat subsided. The short-term oscillators are demonstrating mixed signals in directional momentum. The MACD is holding above its red [..]

Daily Market Comment – Dollar gains more ground on stimulus hopes but stocks softer

Posted on February 4, 2021 at 9:56 am GMT

Dollar at fresh 2-month high as US yields rise further on stimulus expectations But Wall Street turns more cautious, Asian stocks wobble on Chinese liquidity worries Pound skids ahead of Bank of England decision, euro can’t catch a break Dollar strengthens further on rosy US outlook Rising optimism about the US economic outlook lifted the greenback to a fresh 2-month top on Thursday as investors bet that the American economy will outperform on the back of the Biden administration’s pledge [..]

Technical Analysis – AUDUSD’s pullback dismissed by 50-day SMA; upside intact

Posted on February 4, 2021 at 8:58 am GMT

AUDUSD is finding some footing on the 50-day simple moving average (SMA) around 0.7605, after a near one-month retreat from the recently reached multi-year top of 0.7820. The Ichimoku lines are reflecting a pause in the climb, while the rising SMAs are preserving the bullish sentiment. The ascent seems to be unharmed as the short-term oscillators are conveying a pickup in positive momentum. The MACD is holding above the zero mark, despite having dwindled below its red trigger line, while [..]

Daily Market Comment – Dollar, stocks rise in tandem as Democrats push ahead with stimulus

Posted on February 3, 2021 at 10:05 am GMT

Democrats move to fast-track Biden’s stimulus package through Congress Wall Street surges for second day on earnings beats, brighter outlook US yield curve steepens, lifting the greenback; euro gets left behind Stimulus and vaccine hopes buoy markets Optimism about a stronger economic outlook and an ebb in the pandemic continued to gather pace on Wednesday, erasing last week’s jitters that sent stocks plunging and the dollar soaring. Equities have since made a powerful comeback, but the US currency has only [..]

Daily Market Comment – Dollar holds firm after gains as stimulus eyed; Reddit frenzy eases

Posted on February 2, 2021 at 10:04 am GMT

Dollar approaches 2-month top as stimulus hopes push up yields, euro falters Stocks rise again as Wall Street rebounds, retail craze cools, silver plunges Aussie bounces back, shrugs off surprise QE boost by RBA A dollar comeback? The US dollar appears to be on the rise again, mirroring a similar upward drive in 10-year Treasury yields in recent days. Expectations that the United States is moving closer to another big stimulus package lifted the greenback to near 2-month highs against [..]

Upbeat RBA could lift aussie, but all eyes on stocks – Forex News Preview

Posted on February 1, 2021 at 1:31 pm GMT

The Reserve Bank of Australia (RBA) will wrap up its latest meeting at 03:30 GMT Tuesday. No policy changes are on the menu, so any reaction in the aussie will come down to the signals in the accompanying statement and Governor Lowe’s tone. The economy has performed much better than the RBA expected, so a more optimistic view may be warranted, which could briefly boost the aussie. However, the overall trend will depend on whether the latest stock market correction [..]

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