All Articles Tagged - AUDUSD

Week ahead – Fed to cut rates, will BoJ follow? US payrolls on the menu too

Posted on October 25, 2019 at 12:45 pm GMT

There’s a barrage of crucial events coming up next week, with three major central bank meetings and an avalanche of economic data set to dominate the agenda. The Fed is almost certain to cut rates again, but may signal that the bar for any further action is high. The Bank of Japan is a wild card – it’s a close call whether it will cut too or wait a little longer. In Canada, the BoC will probably maintain a neutral [..]

Daily Market Comment – Markets steady as trade and Brexit headlines hit pause; ECB coming up

Posted on October 24, 2019 at 8:27 am GMT

Major pairs move sideways amid lack of fresh developments on the trade and Brexit fronts Speech by US Vice President on China eyed for clues on trade talks Stocks edge up despite mixed earnings ECB to kick off busy seven days for central banks Calm in FX markets but risks lurk Major pairs were trading within their recent ranges on Thursday as markets were offered a rare respite from Brexit and trade war headlines. The pound was marginally lower at [..]

Technical Analysis – AUDUSD stuck in sideways market; ascent restricted by bears

Posted on October 23, 2019 at 11:36 am GMT

AUDUSD sellers ceased further gains, returning the price beneath the 100-day simple moving average (SMA). The bears are now attempting to penetrate below the June low of 0.6831. The MACD’s short-term positive picture and the upward slopes of the mid-Bollinger band and the 40-day SMA, suggest the pair may improve. However, with the price caught below the downtrend line and the declining 100- and 200-day SMAs, it seems more likely that the sideways move may endure. Further keeping the price below [..]

Daily Market Comment – Johnson to miss Brexit deadline; pound slips, risk appetite fades

Posted on October 23, 2019 at 8:06 am GMT

British MPs reject Johnson’s fast track of Brexit legislation EU expected to offer extension; could pave way for UK general election Pound and euro slip as dollar and yen edge up amid some risk-off No Brexit on October 31 Boris Johnson’s hopes of the UK leaving the EU on October 31 were dashed yesterday after the British Parliament rejected the prime minister’s proposed tight timetable of rushing through the Brexit deal legislation that would have enabled an orderly EU exit [..]

Daily Market Comment – Pound steady ahead of Parliamentary Brexit debate; stocks boosted by trade optimism

Posted on October 22, 2019 at 8:12 am GMT

UK Parliament to begin debating Withdrawal Agreement bill Pound near highs but at risk if lawmakers derail Johnson’s Brexit plan US and China continue to send positive vibes on trade talks, lifting stocks Canadian dollar brushes off election concerns as Trudeau loses majority Busy week for UK Parliament; more headaches for Johnson ahead The Speaker of the House of Commons, John Bercow, continued to be a thorn on the side of the UK government after he blocked an attempt to [..]

Daily Market Comment – Brexit deal done, but will Parliament approve?

Posted on October 18, 2019 at 8:14 am GMT

New Brexit deal heads to a vote in the UK Parliament on Saturday A rejection may see sterling open lower, but any retreat to stay short-lived Syria ceasefire pushes Turkish lira higher Several Fed officials speak today – crucial for October rate-cut pricing There and back again: A Brexit deal story After a week of intense negotiations, the EU and the UK finally reached a Brexit deal yesterday, which will be put to the British Parliament on Saturday for a [..]

Technical Analysis – AUDUSD rally looks to be running out of fuel

Posted on October 17, 2019 at 2:38 pm GMT

AUDUSD bulls gathered momentum above the 200-period simple moving average (SMA) and hit a one-month high of 0.6832 on Thursday, sending the RSI and the Stochastics in the four-hour chart towards the overbought territory. Hence, the odds for a downside correction are rising. However, if the price manages to hold within the 0.6800 area, a rally towards the 0.6860-0.6880 resistance zone cannot be ruled out. In case upside pressure persists, the pair could also challenge the 0.6910 obstacle, where the [..]

China’s GDP growth may not be bright in Q3 as tariffs weigh – Forex News Preview

Posted on October 17, 2019 at 12:14 pm GMT

Trump said that the US and China are in a primary phase of a broader agreement last week, announcing an outline without convincing details on the terms agreed between the sides. While the US President cancelled additional tariffs this month, levies imposed since the start of 2018 remain intact, with analysts anticipating softer Q3 GDP growth readings out of China on Friday at 02:00 GMT. On Tuesday, the People’s Bank of China reported that the money supply grew faster in September through [..]

Daily Market Comment – Sterling all over the place amid Brexit rollercoaster

Posted on October 17, 2019 at 8:14 am GMT

Conflicting Brexit headlines pull the pound in all directions Dollar retreats after disappointing US retail sales, euro capitalizes Aussie jumps after decent jobs data curb bets for RBA rate cuts Pound goes for another rollercoaster ride The British pound remains in the eye of the storm, with a barrage of conflicting Brexit headlines yesterday pulling the currency in all directions. A deal wasn’t reached, though progress has seemingly been made, and the negotiations will continue today. That said, both sides [..]

Daily Market Comment – Pound breaks higher as Brexit euphoria grows

Posted on October 16, 2019 at 8:25 am GMT

Pound resumes rally as optimism for a deal grows, but risk of pullback elevated US-China tensions flare up again as Congress pushes Hong Kong bill US retail sales data today may be crucial for whether Fed cuts in two weeks Sterling surges on reports Brexit deal is close, but hold your horses The British currency resumed its upward trajectory yesterday, touching a new five-month high against the dollar, after several reports suggested that a Brexit deal is drawing closer. Beyond [..]

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