All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD falls near 0.7400 in upward sloping channel

Posted on December 7, 2020 at 8:46 am GMT

AUDUSD is falling near the 20-period simple moving average (SMA) after the bounce off the 28-month high of 0.7450, reached on December 3. The price has been trading within an upward sloping channel over the last month. The RSI indicator is heading south in the positive territory, while the MACD is dropping beneath its trigger line in the bullish zone. Also, the pair is capped by the red Tenkan-sen line suggesting some losses in the very short-term. Immediate support could [..]

After the vaccine boost, what’s next for the commodity dollars? – Special Report

Posted on December 4, 2020 at 1:54 pm GMT

It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international trade and on commodity prices – the lifelines of the three economies. But as countries around the world make progress towards recovering from the once-in-a-generation crisis, Australia and New Zealand seem poised to bounce back the quickest. Canada’s recovery may be slightly shakier due to its over dependency on the United States and oil exports. But [..]

Daily Market Comment – US stimulus deal moves closer, Brexit talks ‘go backwards’

Posted on December 4, 2020 at 9:49 am GMT

Stocks at records or near highs as US Republicans change tune on new stimulus Brexit talks go down to the wire, but will France cause a last-minute upset? Dollar slide pauses ahead of NFP report Oil jumps to 9-month high despite OPEC+ raising production early Fresh hopes for US stimulus deal before Christmas Support for a bipartisan stimulus proposal of up to $908 billion gained unexpected traction yesterday as more and more Republicans threw their weight behind the plan. The [..]

China trade data to underscore strengthening recovery – Forex News Preview

Posted on December 3, 2020 at 1:21 pm GMT

As markets grapple with the real threat of escalating virus cases derailing the global economic recovery and the news about vaccines, the risk-sensitive Australian dollar will keep an eye on the November China trade data on Monday. These data would be one of the main highlights for traders next week as US-China relations might come back into focus after Joe Biden’s election as the new US President. China’s imports and exports may rise further China’s trade surplus rose to $58.44 billion in October [..]

Daily Market Comment – Dollar sinks again on rising optimism but stock rally cools

Posted on December 3, 2020 at 10:03 am GMT

Dollar slide deepens as stimulus and vaccine hopes drive positive theme But vaccine-led rally may have run its course in equity markets as stocks mixed today Tense Brexit talks keep pound on edge, euro roars past $1.21 Oil slips ahead of OPEC+ decision; gold extends rebound The US dollar slipped further on Thursday, slumping to fresh 31-month lows against a basket of currencies, as investors dumped the world’s reserve currency in the face of increased optimism about the global economic [..]

Technical Analysis – AUDUSD the highest since 2018; targets 0.7500

Posted on December 3, 2020 at 8:40 am GMT

AUDUSD, having surpassed September’s top, is trading at the highest price since August 2018 and above all its simple moving averages (SMAs), giving a new impetus to its March uptrend. The RSI has also stretched to a fresh peak in the bullish territory and has yet to enter the overbought zone, while the MACD seems to be regaining strength above its red signal line after flattening a bit, both pointing to more progress in the short run. Note that the momentum [..]

Daily Market Comment – Stimulus, vaccine euphoria push stocks to new highs, dollar sags

Posted on December 2, 2020 at 9:52 am GMT

US stimulus hopes revived after fresh efforts to kickstart talks Vaccine rollouts edge closer after UK approval Stocks scale new heights, but signs of exhausted rally Dollar slump deepens even as Treasury yields jump Brexit jitters take steam out of pound rally Optimism soars as stimulus talks back on Markets had plenty to cheer about on Wednesday as reports of renewed efforts by US lawmakers to kickstart the stalled stimulus talks were followed by news that Pfizer-BioNTech’s vaccine has won [..]

Daily Market Comment – Stocks resume gains, dollar whipsaws as optimism returns

Posted on December 1, 2020 at 10:01 am GMT

Asian recovery gathers speed, pulling global stocks higher Dollar bounces higher, then falls as temporary growth jitters subside Powell offers no policy clues in prepared remarks as US data underwhelms Pound spikes above $1.34 as Brexit deal speculation heats up Recovery back on track, at least in Asia Strong manufacturing PMIs out of Asian powerhouses lifted the market mood on Tuesday, reversing some of the gloom that set in yesterday from soft US indicators. A quickening in the manufacturing revival [..]

Technical Analysis – AUDUSD’s bullish signals remain alive, despite ebbing

Posted on November 30, 2020 at 10:13 am GMT

AUDUSD is struggling to withdraw under the red Tenkan-sen line at 0.7380, after receding ahead of the critical 25-month peak of 0.7413. Positive momentum seems to be taking a hit, as the red Tenkan-sen line is flattening out. However, the upwards dictating demeanours of the simple moving averages (SMAs) are continuing to defend the bullish structure. The short-term oscillators are reflecting strengthening negative momentum. The MACD, in the positive region, is zig zagging around its red trigger line, while the [..]

Daily Market Comment – Dollar slips again on Fed speculation; stocks pause for breath

Posted on November 30, 2020 at 9:58 am GMT

Dollar extends slide as investors look to Powell testimony and NFP report for Fed clues Stocks stumble at start of week, but vaccine progress keeps risk appetite alive Pound still holding out for Brexit breakthrough as time running out Oil slips as OPEC+ unlikely to agree on long extension to output cuts Dollar remains pinned down in crucial week There was no end in sight to the US dollar’s losing streak at the start of the new trading week as [..]

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