All Articles Tagged - AUDUSD

Daily Market Comment – Stocks climb, dollar dips as Fed anticipation builds

Posted on November 1, 2022 at 10:27 am GMT

Markets see-saw as speculation that Fed is nearing peak rates goes into overdrive Stocks turn positive, dollar retreats as some optimism returns, US data eyed RBA sticks with 25-bps hike, but aussie gains on China zero-Covid exit rumours Markets struggle for direction in wait for Fed decision Traders continued to weigh the odds of the Federal Reserve signalling an end to the run of jumbo-sized rate increases as the central bank begins its two-day monetary policy meeting on Tuesday. Hopes [..]

Technical Analysis – AUDUSD tests key resistance as signals improve

Posted on November 1, 2022 at 8:38 am GMT

AUDUSD regained some lost ground after stepping on the 50-period simple moving average (SMA) on the four-hour chart on Monday. The 20- and 200-period SMAs immediately came to reject a continuation higher on Tuesday within the 0.6420-0.6440 territory, but the RSI and the MACD, although gradually improving, are feeding some hopes that the recovery may get back on track. The positive trajectory in the stochastics is also an encouraging sign that there might be some room for further improvement in the market. Above the [..]

RBA policy meeting: Is a 50bps rate hike up next? – Forex News Preview

Posted on October 31, 2022 at 3:57 pm GMT

The Reserve Bank of Australia (RBA) took the initiative to slow the pace of its rate hikes in October after five months of rapid increases. The latest inflation release, however, raised speculation that a U-turn to outsized rate moves could be possible during Tuesday’s policy meeting. A resumption of the hawkish stance could lift the aussie, albeit temporarily. Sharp rate hikes back under the spotlight Fears that a continuous aggressive monetary tightening could backfire with undesirable economic shocks in the [..]

Daily Market Comment – Caution sets in after risk rally as Fed in focus

Posted on October 31, 2022 at 10:09 am GMT

Stocks wobble at start of FOMC week following surprise tech rebound Dollar edges up as rate hike expectations strengthen again Pound and aussie slip ahead of BoE and RBA decisions, commodities struggle Equities in another show of resiliency US futures slipped early on Monday and European shares were mixed as the Apple-led risk rally faded somewhat, with investors turning more cautious ahead of the Fed’s highly anticipated policy decision on Wednesday. Wall Street unexpectedly surged on Friday despite US data [..]

Week Ahead – Fed and BoE to raise rates ahead of US payrolls

Posted on October 27, 2022 at 1:53 pm GMT

Another extraordinary week is coming up. The Fed is almost certain to raise rates, putting the spotlight on Chairman Powell, who needs to open the door for a smaller rate hike in December without giving the impression of a pivot. Meanwhile, central bank decisions in the UK and Australia will be crucial for those currencies, before the week concludes with the latest edition of nonfarm payrolls. Fed pivot? Not quite A three-quarter percentage point rate increase from the Federal Reserve [..]

Technical Analysis – AUDUSD moves up, suggesting an upside correction in near term

Posted on October 27, 2022 at 6:56 am GMT

AUDUSD has been showing improvement over the last couple of days, taking the market above the 20-day simple moving average (SMA). The MACD oscillator is rising above its trigger line in the negative region, while the RSI is ticking higher above the neutral threshold of 50. The red Tenkan-sen line is also moving higher, suggesting an upside correction. Immediate resistance to further gains would likely come from the 0.6550 resistance ahead of the 50-day SMA at 0.6590. If there is a successful break [..]

Daily Market Comment – Dollar slides and equities extend gains on bets for less hawkish Fed

Posted on October 26, 2022 at 8:30 am GMT

Dollar slides as US data disappoints Pound gains on Sunak’s pledges, Aussie up on CPIs Wall Street adds to gains on bets of slower Fed hike pace Dollar loses more ground on less aggressive Fed hopes The US dollar underperformed against all the other major currencies on Tuesday as weak data added to hopes that the Federal Reserve may need to slow its aggressive pace of interest rate hikes. US single-family house prices fell sharply for the second consecutive month [..]

Technical Analysis – AUDUSD vulnerable near 30-month lows

Posted on October 20, 2022 at 7:50 am GMT

AUDUSD could not successfully exit the consolidation area of 0.6200-0.6300 despite starting the week on a positive note, with the price remaining exposed to its 30-month low of 0.6169. The RSI is lacking direction below its 50 neutral mark, while the MACD is attached to its red signal line within the bearish area, both endorsing the short-term neutral trajectory in the price. A close above the 20-day simple moving average (SMA) and the 23.6% Fibonacci retracement of the 0.7136-0.6169 downleg [..]

Aussie steadies ahead of jobs data as RBA enters the slow lane – Forex News Preview

Posted on October 18, 2022 at 9:05 am GMT

The Australian dollar has been having a rough ride lately, sliding to two-and-a-half-year lows against the US dollar as the outlook for the world economy has deteriorated. The Reserve Bank of Australia’s recent dovish pivot hasn’t helped matters. However, the jury is still out on whether the RBA’s move was the right one or if it was premature. Thursday’s employment data (00:30 GMT) could be crucial if the numbers cast doubt on policymakers’ cautiousness. Labour market is tight Australia’s economy [..]

Technical Analysis – AUDUSD rebounds off 30-month low but remains on slippery mode in medium-term

Posted on October 17, 2022 at 1:11 pm GMT

AUDUSD had a bullish start on Monday, after the price bounced off a 30-month low of 0.6170 in the preceding week. The pair has also increased the distance below its negatively sloped moving average lines and the Ichimoku cloud, indicating that the recent downtrend might hold for longer. Momentum signals are bearish. The red Tenkan-sen line, which is below the blue kijun-sen line, looks to be heading south, while the MACD is still extending its negative movement below its trigger line. However, the RSI is [..]

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