All Articles Tagged - AUDUSD

Daily Market Comment – Some cheer for markets after no hawkish surprises in Fed minutes

Posted on May 26, 2022 at 9:25 am GMT

Wall Street rallies after Fed minutes but elated mood fades quickly Fears about stagflation and China slowdown continue to haunt investors Dollar holds steady, pound looks forward to Sunak’s new cost of living plan Fed minutes ease overtightening angst Markets were choppy but relatively steady on Thursday as Wall Street futures kept climbing in and out of negative territory and the US dollar was having another mixed session. The mild risk-on tone is riding on the back of yesterday’s rebound [..]

Technical Analysis – AUDUSD sellers resurface, bearish vibe returns below MAs

Posted on May 26, 2022 at 6:26 am GMT

AUDUSD is fading from the 0.7127 price level where its 22½-month bounce within the critical 0.6776-0.6840 support foundation ran out of steam. For now, the simple moving averages (SMAs) are not endorsing a definitive price trend but are weighing on the pair. The short-term oscillators are suggesting that negative momentum is starting to intensify again. The MACD, which had improved in the negative region above its red trigger line, has already started to roll over, hinting that sellers are gaining [..]

Daily Market Comment – Dollar bounces off 1-month low, stocks recover too as Fed minutes eyed

Posted on May 25, 2022 at 8:55 am GMT

Soft US data drags yields and dollar lower as Fed’s Bostic calls for rate hike pause Nasdaq edges up after slump in tech stocks; Fed minutes awaited for more direction Kiwi jumps after RBNZ’s surprise hawkish tilt, euro dips on mixed ECB messages Fed rate hike path trimmed back after weak US data Signs that consumer demand in the United States is being pressured from the increase in the cost of living and that supply shortages are getting worse were [..]

Technical Analysis – AUDUSD experiences pullback but holds positive structure

Posted on May 24, 2022 at 2:36 pm GMT

AUDUSD has been in a sustained uptrend after its downside move halted at the two-year low of 0.6828. Although the price advance has ceased in the last few four-hour sessions, the pair retains its bullish near-term bias. The momentum indicators suggest that bullish forces are in control. Specifically, the RSI is flatlining in the positive region, while the stochastic oscillator ascends after exiting the oversold area. Should buying interest intensify, the price could encounter initial resistance at the recent high [..]

US Open Note – Market sentiment dulls with growth worries

Posted on May 24, 2022 at 2:02 pm GMT

US yields ebb and heavy dollar follows A risk-off tone has gripped markets as rekindled growth concerns are being highlighted due to China supply constraints from lockdowns, the domino effects from the Russian invasion on Ukraine and pressures on central banks who are expected to do more to bring inflation lower without pushing their economies into recession. The already aggressive Federal Reserve is finding its job to curb inflation more challenging as the degree or constant pace of tightening is [..]

Daily Market Comment – Stocks slip, dollar mixed as mood sours again

Posted on May 24, 2022 at 8:05 am GMT

China stimulus fails to lift markets, yen edges up, dollar mixed US stock futures reverse lower after Snap issues profit warning Euro and pound await flash May PMIs Growth jitters strike again Renewed concerns about the weakening growth prospects of the major economies weighed on sentiment on Tuesday, bolstering safe-haven currencies such as the US dollar, Japanese yen and Swiss franc. Markets have been caught between a rock and a hard place since Russia’s invasion of Ukraine as central banks [..]

Daily Market Comment – Markets turn cautiously positive but growth fears persist

Posted on May 23, 2022 at 8:53 am GMT

Dollar slips as investors pin hopes on US, China growth push despite doubts US futures climb but S&P 500 remains dangerously close to bear market Fed minutes, flash PMIs and RBNZ meeting under the spotlight this week Trading gets off to a cautiously optimistic start Worries about high inflation and the worsening growth outlook continued to ebb somewhat on Monday, though risk appetite still lacked concrete drivers even as there was some positive news flow. The turnaround came late last [..]

Week Ahead – Flash PMIs, FOMC minutes to dictate sentiment; RBNZ to hike again

Posted on May 20, 2022 at 1:13 pm GMT

Risk sentiment is wavering as investors are constantly evaluating the likelihood of a recession. The flash PMIs for May might help guide those expectations in the coming week. In the US, there will be plenty of additional drivers for the dollar, such as the FOMC minutes and the PCE inflation readings. Markets remain fixated on seeing peak inflation so any trace of this might help calm nerves. In the world of central banks, the Reserve Bank of New Zealand is [..]

US Open Note – Dollar loses ground after five weeks of gains

Posted on May 20, 2022 at 1:03 pm GMT

Dollar index ticks down as euro approaches $1.06 On Friday, the US dollar was on track to have its worst week against key rivals since the beginning of February. Global stocks have been falling this week as well due to risks to growth from aggressive monetary tightening – led by the Federal Reserve – and China’s strict lockdowns to quash an outbreak of Covid-19. The appeal of the dollar as a haven was eclipsed overnight by a decline in US yields as investors rushed for [..]

US Open Note – Recession fears keep jolting markets

Posted on May 19, 2022 at 1:24 pm GMT

Signs of recession pop up in earnings Sellers stormed into stock markets as giant US retailers Target and Walmart revealed a hit in margins on the back of rising labor and energy costs, with the former losing more than a third of its share value on Wednesday despite serving only local clients. The jittery earnings surprise follows Powell’s commitment to higher interest rates earlier this week, making investors think more seriously that the mix of inflation and monetary tightening could [..]

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