All Articles Tagged - AUDUSD

Will China’s data confirm that the economy is bottoming out? – Preview

Posted on October 10, 2023 at 11:53 am GMT

Latest Chinese data offer signs of stabilization Inflation and trade numbers may corroborate that view But the slump in property market continues to cast a shadow The releases are scheduled for Friday, during Asian trading Is the Chinese economy bottoming out? Following a temporary boost just after the removal of COVID-related ultra-restrictive policies, the Chinese economy faced a steep economic slowdown, with the property sector being the biggest drag as major developers are struggling with mountains of debt and missing [..]

Market Comment – Yields slide as Fed tones down hawkish talk, stocks shrug off ME flareup

Posted on October 10, 2023 at 9:31 am GMT

Higher yields prompt a rethink at the Fed as policymakers turn cautious But less hawkish tone pushes yields lower, boosting equities Ongoing tensions in Middle East further pressure yields, keep gold supported Oil slips slightly while dollar braces for more Fed speak, CPI data Fed has second thoughts about additional tightening As markets wait anxiously to see how far the latest conflict between Israel and Hamas will escalate, Fed policymakers provided some soothing words to jittery investors already caught wrong [..]

Market Comment – Oil jumps, safe havens gain as war erupts in Middle East

Posted on October 9, 2023 at 9:28 am GMT

Israel-Hamas war pushes up oil prices amid risk of wider conflict Dollar, yen and gold rise too as investors rush to safety Fed rate hike odds reverse NFP boost; US CPI, Fed speakers eyed next Middle East violence sparks turmoil Markets woke up to the worst flare-up of violence between Israel and Palestine in 50 years on Monday after Hamas launched surprise missile attacks into Israeli territory over the weekend. Oil futures initially shot up more than 5% as fears [..]

Week Ahead – US inflation and Fed minutes to test dollar, bond markets

Posted on October 6, 2023 at 10:10 am GMT

US CPI report and Fed minutes to take centre stage Will they fuel or dent the rally in yields and the dollar? Chinese inflation and UK growth data to also be eyed Otherwise, a quieter week awaits with Monday a holiday in the US US headline CPI could rise again As speculation about whether or not the Fed will hike one more time goes into overdrive, the latest report on the US consumer price index will be the big [..]

Technical Analysis – AUDUSD bulls step in but caution still warranted

Posted on October 6, 2023 at 7:58 am GMT

AUDUSD pivots higher near familiar support Short-term risk remains skewed to the downside Next resistance expected to emerge near 20-EMA AUDUSD found shelter near the descending line drawn from December 2022 for the fifth time, avoiding any declines below the 0.6300 round level. The RSI and the stochastic oscillators have deviated above their oversold levels, backing the recent rise in the price. Still, they haven’t exited the bearish area, keeping the focus on the 0.6395-0.6455 important resistance zone, where the [..]

Technical Analysis – AUDUSD in green again but bearish sentiment lingers

Posted on October 5, 2023 at 1:10 pm GMT

AUDUSD in the green again today, trading above the early September trough Bulls defended the March 10, 2023 descending trendline Current upleg does not enjoy the support of momentum indicators AUDUSD is recording its second straight green candle as the bulls are trying to stage a comeback. They have successfully defended the March 10, 2013 downward sloping trendline, but AUDUSD remains just a tad above its 2023 low. All eyes are now on the momentum indicators for clues on the [..]

Market Comment – Yen surges after possible intervention

Posted on October 4, 2023 at 8:19 am GMT

Yen spikes after breaching the 150-per-dollar mark Markets suspect intervention, but officials do not confirm Dollar charges higher on more upbeat US data Wall Street and gold suffer as dollar and yields extend rally Yen surges, stoking intervention speculation The yen was the sole major currency to end Tuesday with gains against the US dollar, unexpectedly and instantly surging after dollar/yen breached the 150 level. That barrier was closely monitored by traders and considered as the line in the sand, [..]

Market Comment – King dollar returns as US yields rip higher

Posted on October 3, 2023 at 8:32 am GMT

Dollar continues to rally, with help from rising yields Gold smashed lower, but stocks don’t get the memo Aussie hits 11-month low after RBA decision, RBNZ next Dollar shines bright King dollar has returned to rule over FX markets. The world’s reserve currency has staged a phenomenal rally in recent months, empowered by the stunning rise in US yields, solid economic fundamentals, safe haven flows, and the absence of any attractive alternatives. The dollar rally kicked into higher gear yesterday [..]

Week Ahead – Dollar shines ahead of nonfarm payrolls

Posted on September 29, 2023 at 10:00 am GMT

Dollar cruises higher, nonfarm payrolls on Friday will be crucial for this rally Early indicators point to another solid month for the US labor market Central bank decisions in Australia and New Zealand will also be in focus Dollar goes on a rampage The US dollar rally has gone into overdrive lately. Empowered by a stunning rise in US yields, solid economic fundamentals, and safe haven flows, the dollar has charged higher to record 11 consecutive weeks of gains against [..]

RBA meets but new Governor probably not ready for a rate move – Preview

Posted on September 29, 2023 at 8:46 am GMT

Another RBA meeting but rate decisions will probably be postponed for later The aussie would like a hawkish statement from the new RBA governor The usual meeting statement will be released on Tuesday at 03:30 GMT RBA again in the spotlight The RBA is preparing for its 10th rate setting meeting for 2023 since the Bank has not aligned with the remaining central banks’ schedule yet. The new Governor Bullock has taken over from September 18 and it would be [..]

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