All Articles Tagged - AUDUSD

Technical Analysis – EURCHF looks neutral-to-bullish; indicators are flat

Posted on December 15, 2020 at 1:11 pm GMT

EURCHF seems to be range bound, something also reflected in the flattening technical indicators. The RSI is standing near the neutral threshold of 50, while the MACD is trying to jump above the zero line with weak momentum. The directionless Ichimoku lines and the steadied cloud further reflect this view, however, the 20- and 40-period simple moving averages (SMAs) are ready to post a bullish crossover in the short-term. In case of positive pressures, initial tough resistance could develop from [..]

Eyes on Australian employment report after flash PMIs; aussie hits 30-month high – Forex News Preview

Posted on December 15, 2020 at 1:05 pm GMT

Australia’s employment report for November is likely to be in the spotlight on Thursday at 0030 GMT after the flash PMIs figures on Tuesday, 22:00 GMT. In December’s Reserve Bank of Australia’s (RBA) policy meeting, the minutes showed its Board feared a protracted period of unemployment lay ahead and rectifying that would be a priority. Nevertheless, the aussie continues to move higher against the US dollar but may soon need a boost for stronger bullish movements. Unemployment predicted to remain unchanged; flash PMIs [..]

Daily Market Comment – Dollar steadies amid fresh virus restrictions; stimulus and Brexit talks linger

Posted on December 15, 2020 at 9:35 am GMT

Tighter virus restrictions dampen vaccine optimism; dollar halts slide, stocks struggle US stimulus talks gain momentum but still no agreement London lockdown knocks pound off its Brexit perch as ‘narrow path’ to deal eyed New virus curbs weigh on sentiment Optimism that an end to the global pandemic is within sight was unable to override the darkening clouds on the immediate horizon as Covid restrictions are on the up again. After Germany’s news that it is to enter a hard [..]

Technical Analysis – AUDUSD’s sturdy uptrend unbroken; bullish signals grow

Posted on December 14, 2020 at 10:48 am GMT

AUDUSD is confronting the fresh near 30-month high of 0.7571, attempting to revive the upside trajectory, despite the mini-pullback in the pair. The bullish Ichimoku lines are sponsoring positive momentum, while the advancing simple moving averages (SMAs) are defending the predominant positive picture. The short-term oscillators seem to be favouring an upside scenario. The MACD, some distance in the positive region, is fairly in-line with the flattening red trigger line, while the RSI looks to be in the process of [..]

Daily Market Comment – Pound jumps as Brexit deadline extended yet again

Posted on December 14, 2020 at 9:47 am GMT

Pound soars after Britain and the EU agree to continue talking Progress in US stimulus talks also lifts markets’ spirits, dollar sags But cause for caution ahead of Fed meeting, stocks up modestly UK and EU agree to go “extra mile” to get a deal After a bruising week, sterling was once again riding high on renewed optimism for a post-Brexit trade deal on Monday. UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen had set [..]

Daily Market Comment – ECB ‘disappointment’ lifts euro, equities struggle

Posted on December 11, 2020 at 9:34 am GMT

Euro jumps after ECB fails to over-deliver on stimulus package Stocks bounce as Mnuchin hails progress in stimulus talks, but fall back Oil breaks higher, unscathed by recent negative developments Brexit will continue to dominate ahead of Sunday ‘deadline’ ECB firepower fails to impress markets, euro spikes Those looking for a euro-killing stimulus package by the European Central Bank were left disappointed yesterday, with policymakers delivering exactly as much ‘juice’ as markets anticipated. The Bank expanded its QE program by [..]

Daily Market Comment – Can the ECB muster enough firepower to sink the euro?

Posted on December 10, 2020 at 9:24 am GMT

ECB decision the main event today, can policymakers over-deliver? Stock markets retreat from record highs as US stimulus talks stall Pound drops after top-level Brexit meeting yields no breakthrough Gold under pressure too, yet aussie dollar defies cautious mood ECB preview: Sinking the euro won’t be easy The spotlight will fall on the European Central Bank today, which is widely expected to deliver another easing package of around €500bn, likely complemented by more ultra-generous loans to banks. The bad news [..]

Technical Analysis – AUDUSD conveys further hikes; momentum favours upside

Posted on December 10, 2020 at 9:12 am GMT

AUDUSD is pushing up against the near 30-month high of 0.7483 as buyers look to extending the uptrend. Positive momentum is growing in the technical indicators and the rising simple moving averages (SMAs) are preserving the prevailing bullish picture. The short-term oscillators display improving momentum. The MACD, in the positive region, is holding above its static red signal line, while the RSI is flirting with the 70 level. Moreover, advances in price are being endorsed by the stochastic %K line, [..]

Daily Market Comment – Stimulus hopes overpower virus surge, Brexit adventure continues

Posted on December 9, 2020 at 9:32 am GMT

Wall Street powers to fresh record highs as US stimulus deal draws closer Vaccine news lifts spirits too, dollar slips as haven demand fades Sterling all over the place as Boris Johnson heads to Brussels BoC policy decision on the agenda today – not much expected Christmas rally arrives early The stock market freight train keeps on rolling. Hopes that Congress will soon inject the world’s biggest economy with another dose of fiscal stimulus eclipsed a worrisome spike in new [..]

Daily Market Comment – Investors on alert as California shuts down, gold glitters

Posted on December 8, 2020 at 9:32 am GMT

Markets revert to old pandemic playbook amid new US restrictions Nasdaq hits new highs, but other stock indices drop alongside oil Gold stages heroic comeback, bigger picture still encouraging Sterling on the back foot as PM Johnson heads to Brussels Big tech shines as pandemic concerns resurface A sense of caution has crept back into global markets, as investors try to balance the prospect of more government stimulus and central bank liquidity against the grim pandemic reality, with California announcing [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

AUDUSD

XM Live Chat