All Articles Tagged - AUDUSD

Is China headed for a Lehman-style crisis? – Special Report

Posted on August 12, 2022 at 11:58 am GMT

The Chinese economic miracle seems to have turned into a nightmare lately. With a property sector in collapse and an overleveraged banking system as global interest rates move higher at the speed of light, there is a clear risk that China might suffer a 2008 moment that infects the entire global financial system. How high is that risk and which markets would be impacted the most? Property boom A seismic shift is underway in China. The past couple of decades [..]

Technical Analysis – AUDUSD spikes after soft US CPI print

Posted on August 11, 2022 at 8:22 am GMT

AUDUSD had been battling with its 50-day simple moving average (SMA) after it rebounded from the 26-month low of 0.6680. However, in the previous session the pair experienced a huge jump, closing decisively above its 50-day SMA and coming to a halt at the upper Bollinger band. The short-term oscillators are reflecting the intensifying positive momentum. Specifically, the MACD histogram has jumped above zero and its red signal line, while the RSI is flatlining above its 50-neutral threshold. Should buying [..]

Daily Market Comment – Wall Street bounces, shrugs off Taiwan tensions and hawkish Fed

Posted on August 4, 2022 at 9:23 am GMT

Solid earnings lift US stocks to multi-month highs despite hawkish Fed soundbites Yen slips further as markets unrattled by China flexing its military muscle over Taiwan Pound edges up ahead of expected Bank of England rate hike, dollar consolidates Earnings relief fuel equities rebound Geopolitical tensions and recession fears appear to have faded into the background for investors as shares on Wall Street staged another impressive rally on Wednesday, while safe-haven currencies retreated further. Another round of better-than-expected earnings [..]

Technical Analysis – AUDUSD retraces weekly losses

Posted on August 4, 2022 at 7:36 am GMT

AUDUSD is tipping upwards again after setting a foothold around the 20-day simple moving average (SMA) at 0.6880 earlier this week. Likewise, the RSI has avoided a drop below its 50 neutral mark, rotating northwards as well, while the MACD remains stable marginally above its zero and signal lines, both endorsing the positive momentum in the pair. The 50-day SMA is currently constraining any additional increases at 0.6960. If it soon gives up, the door will open for the 0.7046 resistance [..]

Technical Analysis – AUDUSD steadies above 38.2% Fibo after tumbling into the cloud

Posted on August 2, 2022 at 3:16 pm GMT

AUDUSD is attempting to regain its footing after plunging sharply earlier on Tuesday. The price reached a six-week high of 0.7046 only yesterday, but today’s sudden downfall has pushed it nearer the 0.6910 level, taking it below the 50-period moving average (MA) and into the Ichimoku cloud. The momentum indicators point to more negative pressures ahead, although the stochastic oscillator is at a turning point. The %K line looks ready to cross above the slower moving %D line in the [..]

Daily Market Comment – US-China tensions dent appetite as yields crumble, dollar creeps higher

Posted on August 2, 2022 at 9:36 am GMT

Stocks turn red amid renewed Sino-US tensions as Pelosi expected in Taiwan Yen extends winning streak, dollar also catches a bid as bond yields skid Aussie plummets after RBA decision, pound rally loses steam too as BoE eyed Threat of geopolitical flare-up dampens mood Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory. [..]

RBA to raise rates, but aussie cares about global forces – Forex News Preview

Posted on August 1, 2022 at 2:20 pm GMT

The Reserve Bank of Australia (RBA) is widely expected to roll out another 50bps rate increase when it concludes its meeting at 04:30 GMT Tuesday. Inflation is high and unemployment is at record lows, so the RBA could signal another move of equal size for September, providing some relief to the Australian dollar. Overall though, what the central bank does is secondary to how global forces evolve. Going strong The Australian labor market is on fire. It’s not every day [..]

Daily Market Comment – Dollar slips further as easing rate hike bets bolster stocks

Posted on August 1, 2022 at 9:37 am GMT

Dollar spun around by mixed data, eventually resuming its slide along with yields Tech and oil earnings stretch S&P 500’s monthly gain to 9% But some caution as weak Asian manufacturing PMIs lift yen Fed rate hike bets continue to waver The US dollar has started August on the backfoot as markets are increasingly convinced that the Federal Reserve’s rate hike days are numbered, while Wall Street has just notched up its best month since November 2020, cheered by more [..]

Week Ahead – Bruised dollar looks to NFP report; BoE could speed up rate hikes

Posted on July 29, 2022 at 12:01 pm GMT

The coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths. It’s NFP week in the United States and the RBA and Bank of England will decide whether to accelerate their hiking cycles. The ISM PMIs are bound to attract a lot of attention as well in the US as growth concerns intensify. Elsewhere, employment figures in Canada and New Zealand, and manufacturing PMIs out of China will be the highlights. Meanwhile, [..]

Technical Analysis – AUDUSD remains above falling trend line, near 0.7070

Posted on July 29, 2022 at 11:58 am GMT

AUDUSD appears to be holding above the medium-term descending trend line, which adds to the positive bias. The technical indicators are also supporting this trend, as the simple moving averages (SMA) are trending upwards. The RSI is rising over the 50 level, while the MACD is gaining strength above its zero and trigger lines. If buying interest increases, resistance may come from the 0.7070 top, which is just ahead of the 200-day SMA at 0.7170. The price could break through the 0.7280-0.7340 barrier [..]

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