All Articles Tagged - AUDUSD

Daily Market Comment – Investors lock gaze on US inflation numbers

Posted on January 12, 2023 at 9:16 am GMT

Dollar trades mixed ahead of US CPI data Inflation expected to further slow Euro, yen could continue outperforming the dollar Wall Street trades in the green on inflation optimism Will US CPI numbers corroborate the Fed pivot view? The US dollar traded mixed against the other major currencies yesterday and continued in a similar fashion today. Apart from some moves triggered by stories related to other currencies, dollar traders seem to be avoiding heavy positioning ahead of today’s US CPI [..]

Technical Analysis – AUDUSD stalls below the 4-month peak

Posted on January 12, 2023 at 8:29 am GMT

AUDUSD is finding strong resistance at the 0.6920 barrier, which is near the upper boundary of the short-term upward sloping channel. The RSI indicator reflects a stall in the positive momentum, as it is flattening in the bullish territory. However, the MACD is strengthening its movement above its trigger and zero lines. To the upside, an initial important resistance region from the 0.6920 high to the four-month peak of 0.6946 could prove difficult to overrun. Conquering this, the 0.7010 resistance [..]

Daily Market Comment – Stocks mostly positive, dollar steady in wait for US CPI

Posted on January 11, 2023 at 10:06 am GMT

Markets’ focus entirely on US inflation report after Powell does not comment on rates Stocks perk up somewhat as traders pin hopes on another CPI drop Dollar selloff aborted for now, aussie lifted by data, gold extends gains Markets on hold as CPI data awaited for direction Fed Chair Jerome Powell refrained from commenting on the interest rate outlook when he took part in a panel discussion on Tuesday, much to the relief of investors. Fears that the Fed chief [..]

Daily Market Comment – Equities turn cautious ahead of Powell after Fed speakers dent risk rally

Posted on January 10, 2023 at 10:38 am GMT

Tech stocks outperform on Wall Street as S&P 500 rebound flounders on hawkish Fed Powell and other central bank heads eyed in first key remarks of 2023 Dollar steadies but euro and gold maintain bullish bias Mood sours as Fed unwilling to defuse recession fears Hopes that a slowing American economy and easing price pressures would assuage the inflation hawks at the Fed were dealt a major blow on Monday, spoiling the post-NFP risk rally. Despite the Fed never having [..]

Aussie displays positive indication; Could inflation bolster the upswing? – Forex News Preview

Posted on January 10, 2023 at 8:49 am GMT

Wednesday’s Australia CPI data will be key for the Australian dollar. Considering that China is Australia’s largest export market, any increase in the figures might boost equities and the currency. As in most nations, inflation appears to have peaked in Australia, but the Reserve Bank of Australia may have overreacted by shifting to 25-bps rate hikes or even considering a pause soon. The annual inflation rate in Australia is expected to increase to 7.3% in the fourth quarter of 2022 [..]

Daily Market Comment – Markets rally after softer wage growth tempers Fed bets

Posted on January 9, 2023 at 10:05 am GMT

Another solid jobs report in December but easing wages raise soft landing hopes Wall Street and global equities rally as China reopening adds to optimism Commodities climb too as dollar approaches 7-month lows Markets cheer US data pointing to slowing economy Friday’s flurry of data produced a distinguishingly mixed picture on the US economy but for the markets, it was an all-round positive day as traders grew more confident that inflationary pressures are ebbing. The first piece of good news for [..]

Week Ahead – US inflation back in focus, UK data to underline recession risks

Posted on January 5, 2023 at 3:26 pm GMT

After a choppy start to the new year, markets will be bracing for the next set of CPI data out of the United States next week amid ongoing unease about Fed policy. Inflation stats are also due out of Australia, while in the United Kingdom, monthly GDP numbers could stoke recession fears yet again. China’s economy will be at the forefront of investors’ minds too as the December economic indicators start rolling in. But a potentially bigger market-moving event is [..]

Technical Analysis – AUDUSD consolidates after 200-day SMA curbs advance

Posted on January 5, 2023 at 9:04 am GMT

AUDUSD has been in a recovery mode since mid-October when its long-term downtrend hit a bottom at the 32-month low of 0.6169. However, the pair’s rebound appears to be fading as the price has been constantly held down by the 200-day simple moving average (SMA). The momentum indicators currently suggest that bullish forces are subsiding but remain in charge. Specifically, the MACD histogram is holding above both zero and its red signal line, while the RSI is pointing downwards in the positive territory. If the [..]

Technical Analysis – AUDUSD plunges more than 1% in short-term

Posted on January 3, 2023 at 8:49 am GMT

AUDUSD is retreating below the 0.6770 level and is hitting the bullish crossover within the 50- and the 200-period simple moving averages (SMAs). The RSI indicator is dropping beneath the neutral threshold of 50, while the stochastic is moving towards the oversold territory, both suggesting more losses in the short-term. If prices continue to head lower, support should come from the 0.6710 barrier. A decline below this line, too, would reinforce the bearish view and open the way towards the [..]

Week Ahead – NFP and Fed minutes to kickstart the New Year as dollar languishes

Posted on December 29, 2022 at 3:53 pm GMT

Markets will slowly begin to return to normal in the first trading week of 2023, with a number of top-tier releases on the way to liven things up after the holiday lull. The latest US jobs report will be headlining the economic agenda, while the minutes of the December FOMC meeting is expected to attract more attention than usual given the absence of Fed speakers since the event. Flash inflation readings out of the Eurozone and Canadian employment figures will [..]

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