All Articles Tagged - AUDUSD

Daily Market Comment – Euro steady ahead of ECB decision, stocks drift lower

Posted on June 9, 2022 at 9:28 am GMT

Euro holds around $1.07 ahead of expected ECB stimulus pullout Elevated yields and oil prices weigh on equities, some relief from China trade jump Yen snaps losing streak, dollar gets caught in sideways range in CPI wait Cautious calm before ECB amid hawkish risks The European Central Bank meeting is undoubtedly the focal point for investors on Thursday in what could turn out to be the most important policy shift since Draghi’s ‘whatever it takes’ moment. After years of quantitative [..]

Technical Analysis – AUDUSD underperforms below the 200-day SMA and 0.7200

Posted on June 9, 2022 at 6:26 am GMT

AUDUSD has been underperforming over the last few sessions after it found a strong obstacle to surpass the 200-day simple moving average (SMA) and the 0.7200 round number. However, the 20- and 40-day SMAs are in the process of posting a bullish crossover, while the MACD is still standing in the positive region. But the RSI indicator is losing momentum in the bullish area, suggesting that the next movements may be to the downside. If price action remains above the [..]

Technical Analysis – AUDUSD erases RBA’s flash spike; focus on 50-SMA

Posted on June 7, 2022 at 10:23 am GMT

AUDUSD went on mute immediately after the RBA-led flash spike to an intra-day high of 0.7245 earlier today, with the 50-period simple moving average (SMA) on the four-hour chart currently balancing selling tendencies around 0.7190. The technical oscillators, however, keep promoting some discomfort as the RSI has marked a new low below its 50 neutral mark, while the MACD has eased to the lowest point since mid-May, almost set to exit the positive area. If the 50-period SMA, which coincides with [..]

Daily Market Comment – Dollar edges up as yields spike, yen sinks, stocks come under pressure

Posted on June 7, 2022 at 9:07 am GMT

Bond selloff gathers steam ahead of large Treasury auction, pushing yields higher Surprise big rate hike by RBA adds to jitters about rising borrowing costs, stocks slip Dollar climbs as yen tumbles, pound plunges too as Johnson’s woes not over Fresh bond rout rattles markets Bond yields surged on Tuesday as investors fretted about how far central banks will go to contain inflationary pressures that are rampaging around the world. US Treasury yields edged lower for most of May as [..]

Daily Market Comment – Strong NFP report dampens Fed pause hopes

Posted on June 6, 2022 at 8:50 am GMT

US economy still churning out jobs but Fed may have to keep hiking by 50 bps Stocks rebound after NFP-led dip as yields advance only marginally Euro slightly firmer ahead of ECB, pound shrugs off Johnson confidence vote Strong NFP: a case of glass half full? America’s roaring labour market added a stronger-than-expected 390k jobs in May, while the unemployment rate held steady at 3.6% even as the labour force participation rate improved slightly. The upbeat numbers dashed hopes that [..]

RBA to hike again, but by how much? – Forex News Preview

Posted on June 3, 2022 at 12:43 pm GMT

The Reserve Bank of Australia is set to hike interest rates on Tuesday when it announces its decision at 04:30 GMT. But after surprising with a bigger-than-expected 25-basis-point increase at the last meeting, by what increment will policymakers raise rates this time? Recent data out of Australia has been mixed, but the long-awaited easing of virus curbs in China’s largest city – Shanghai – may have given the RBA the green light to be even bolder in June. The size [..]

Technical Analysis – AUDUSD completes ‘death cross’ but bullish structure intact

Posted on June 3, 2022 at 12:34 pm GMT

AUDUSD has been marching higher after finding its feet at the 22-month low of 0.6828 in early May. However, the pair’s advance is currently on pause as the 200-day simple moving average appears to be acting as a strong resistance barrier for the price. The momentum indicators suggest that bullish forces have gained total control. Specifically, the MACD histogram has jumped above both zero and its red signal line, while the RSI is ascending beyond its 50-neutral threshold. If buying [..]

Week Ahead – ECB and RBA meetings: playing catchup

Posted on June 3, 2022 at 12:29 pm GMT

The European Central Bank is set to flag its first rate hike in more than a decade this week, while the Reserve Bank of Australia might step on the brakes harder. But as the laggards of the central bank world finally get their stakes on when it comes to tightening policy, investors will be on the lookout for more evidence that inflation may already be peaking in the United States. China’s economy will be in the spotlight too as trade [..]

Technical Analysis – AUDUSD’s sturdy two-week rally tries to keep pace

Posted on May 30, 2022 at 2:34 pm GMT

AUDUSD is starting to ease from the upper Bollinger band that is around the 0.7200 hurdle, after recent price action, which was glued to the upper Bollinger band, hiked the price above the falling 200-period simple moving average (SMA). The softened decline in the slopes of the 100- and 200-period simple moving averages (SMAs) is highlighting the latest successful efforts from buyers, who have recouped nearly 400 pips. Moreover, the climbing 50-period SMA is championing additional gains in the pair. [..]

Week Ahead – Nonfarm payrolls on tap, has the dollar topped?

Posted on May 27, 2022 at 11:09 am GMT

The latest US employment report will be in the spotlight next week for any signs that recession worries have started to impact hiring. The dollar has lost some of its power lately and this dataset could determine whether we are in the early stages of a trend reversal. Inflation numbers from Europe will be another crucial variable for that equation. Elsewhere, the Bank of Canada is set to raise interest rates. Hiring freeze The risk of recession is front and [..]

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