All Articles Tagged - AUDUSD

Daily Market Comment – Equities recover as Trump keeps stimulus hopes alive

Posted on October 5, 2020 at 8:44 am GMT

Sentiment recovers on signs that stimulus deal is still in play Stocks rebound alongside crude oil, Japanese yen and gold retreat Markets to stay focused on ultimate game of ‘Deal or No Deal’ Coming up: ISM non-manufacturing and RBA policy decision Markets take solace from signs stimulus is coming Global markets opened on a cheerful note on Monday, emboldened by hopes that a relief package deal can still be brokered in America and that President Trump’s health is improving. The [..]

Technical Analysis – AUDUSD points marginally down but still above SMAs

Posted on October 5, 2020 at 7:42 am GMT

AUDUSD has been recovering nicely after the rebound on the two-month low of 0.7005, crawling back above the 20- and 40-period simple moving averages (SMAs). However, looking at the very short-term the price is ticking slightly down, dropping below 0.7200. From a technical perspective, the near-term bias is viewed as negative, reflected by the decline in the RSI and the MACD. The RSI is pointing down in the bullish area, the MACD is losing momentum below the trigger line and [..]

RBA to hold off on rate cut for now but could flag future move – Forex News Preview

Posted on October 2, 2020 at 1:49 pm GMT

The Reserve Bank of Australia meets on Tuesday for its latest policy decision, with an announcement expected at 03:30 GMT. Having clearly signalled at its previous meeting that the Bank is planning to stay on hold for the foreseeable future, markets were caught by surprise from recent dovish comments by Deputy Governor Guy Debelle. The Australian dollar tumbled in response as short-dated Australian government bond (AGB) yields slipped. But investors are not fully convinced that further easing is imminent as [..]

Week Ahead – Fed, ECB minutes to steer markets through brewing election and virus storm

Posted on October 2, 2020 at 10:02 am GMT

September turned out to be a rough month for equities but a good one for haven currencies as reality caught up with a runaway market. As we head into October, that heightened sense of caution looks set to prevail for a while longer amid intensifying anxiety about the US election and doubts about the sustainability of the global recovery. With not a lot on the economic agenda for the next seven days, jittery traders will be hoping that policymakers on [..]

Daily Market Comment – Markets tank as Trump tests positive for covid, nonfarm payrolls coming up

Posted on October 2, 2020 at 8:01 am GMT

Equities sink, dollar jumps as President Trump gets coronavirus How does this affect election dynamics? Is Biden bad for markets? Sterling trades like a pinball machine amid conflicting Brexit headlines US jobs report is the main event today, European inflation data too Trump throws markets into disarray Global markets are tanking on Friday after US President Trump confirmed he has tested positive for covid-19, injecting another dose of uncertainty into election dynamics. Wall Street futures were already flashing red because [..]

Daily Market Comment – Stimulus package hopes propel stocks higher, sink dollar

Posted on October 1, 2020 at 8:41 am GMT

Stock markets erase early losses, close higher on hopes of a US fiscal deal Dollar sinks on concerns government deficit will blow up But euro falls even more as ECB teases Fed-style inflation approach Stimulus talks will continue to drive markets today, along with key data Wall Street stages epic comeback Global markets continue to dance to the tune of the US stimulus talks. Wall Street erased some early losses to close substantially higher on Wednesday as negotiators took another [..]

Technical Analysis – AUDUSD rekindles positive sentiment; confronts heavy upside obstacle

Posted on October 1, 2020 at 6:47 am GMT

AUDUSD is encountering tough resistance at the 0.7192 mark after bouncing off the lower band of the cloud that merged with the 100-day simple moving average (SMA), around 0.7005. This fortified barrier coincides with the ceiling of the cloud and is encapsulated by the flattened Ichimoku lines. Nonetheless, the governing tone of the 50-and 100-day SMAs continues to aid the bullish structure. The short-term oscillators also reflect the pickup in positive momentum. The climbing RSI has reached its neutral threshold, [..]

US election: The good, the bad, and the ugly for markets – Special Report

Posted on September 30, 2020 at 2:06 pm GMT

With almost one month to go until the presidential election, investors are increasingly focused on how the outcome will impact financial markets. The short answer is that there is no automatic rule for how the dollar and equity markets will react to a Trump or Biden win – it all depends on whether the victor will also have full control of Congress or not. This piece will examine how markets might respond to a Democratic sweep, a Republican one, a [..]

Daily Market Comment – US presidential debate rattles equity markets

Posted on September 30, 2020 at 8:07 am GMT

Stocks edge lower after debate as Trump keeps door open to contest result Otherwise, not much to move the needle in this race Focus now turns back to stimulus talks that will resume today Euro advances, but can it keep going if euro area stays in deflation? Presidential debate leaves markets wanting Uncertainty about the election outcome seems to have intensified after the first debate between Donald Trump and Joe Biden, which yielded no clear winner as both men landed [..]

Daily Market Comment – Dollar retreats as stocks roar higher, Trump faces Biden

Posted on September 29, 2020 at 8:33 am GMT

Democrats unveil new $2.2 trillion stimulus compromise Equities celebrate, dollar falls as traders dump defensive plays Sterling lifted by a combination of risk appetite and Brexit hopes First US presidential debate is the main event later today Markets laser-focused on new stimulus package Optimism that a stimulus deal can still be reached on this side of the US election has returned to global markets, after the Democrats watered down their demands a little further yesterday, sparking a relief rally in [..]

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