All Articles Tagged - AUDUSD

Daily Market Comment – Panic eases, dollar cools, but sentiment remains fragile

Posted on May 13, 2022 at 9:34 am GMT

The week-long selloff gripping risky assets pauses, for now Yields also steady, dollar comes off highs after Powell provides some reassurances Cryptos bounce back as stablecoins reeling after crash A calmer end to a torrid week Markets were looking a lot steadier on Friday as the global rout in equities began to subside and demand for safe havens waned slightly. Stocks have been on the backfoot since the end of March. But the selloff accelerated last week after the Fed [..]

US Open Note – Dollar unlocks 20-year high; euro breaks $1.04

Posted on May 12, 2022 at 12:57 pm GMT

Dollar surges but dips against yen The dollar touched a two-decade high against a basket of currencies after US inflation fell less than expected in April. Dollar/yen is declining by 1%, meeting the 129.40 level. Despite increasingly hawkish ECB rhetoric, the euro is trading below $1.0400, falling by 1.0%, with the next key support coming at $1.0340. Euro/yen and pound/yen are plummeting over 2% today. US stock futures are suggesting a strong negative open, continuing the several days of losses. The safe-haven greenback gained support from a worldwide equity sell-off because of investor concerns that central banks are behind the curve [..]

Daily Market Comment – Dollar whipsaws after not-so-soft inflation data, stocks sink again

Posted on May 12, 2022 at 9:20 am GMT

Dollar on the front foot again after US inflation falls by less than expected Equity markets back in a sea of red as recession risks rise Pound slips to new lows after UK GDP contracts, hawkish ECB can’t save the euro Dollar bolstered as inflation becoming more sticky The US dollar climbed to fresh 20-year highs on Thursday as investors ramped up their bets that the Federal Reserve will have to get even more aggressive to bring down burgeoning inflation [..]

Technical Analysis – AUDUSD six days in the red after deflection off MAs

Posted on May 12, 2022 at 8:45 am GMT

AUDUSD has pierced beneath the 0.6900 border and is eyeing the lower Bollinger band, located within the key 0.6776-0.6840 support boundary that stretches back to mid-June 2020. While the longer-term 100- and 200-day simple moving averages (SMAs) have capped advances, the rolling over of the 50-day SMA is endorsing a continuation of the more than one-month decline from the bullish spike of 0.7661. Meanwhile, the short-term oscillators are transmitting conflicting messages in directional momentum. The MACD is suggesting additional selling [..]

US Open Note – US CPI beats expectations and rises by 8.3%; dollar moves up again

Posted on May 11, 2022 at 1:36 pm GMT

The CPI rate ticked up by 8.3% in the year that ended in April. The annual CPI decrease was the first since August, but it was the eighth month in a row of gains of more than 6%. In March, the Consumer Price Index (CPI) rose 8.5% year-over-year, the highest increase since December 1981. After the release of higher-than-expected CPI figures, the dollar initially rose. The dollar index is showing positive signs as it jumped beyond 104.00; however, US futures are leading lower, suggesting a [..]

Daily Market Comment – Mood brightens slightly ahead of US CPI as investors eye peak

Posted on May 11, 2022 at 9:25 am GMT

Dollar stays subdued as US CPI data awaited for clues on peak inflation Euro edges up as ECB preps for summer rate hike Equities attempt a rebound, falling infections in China lend some support Dollar slips before US inflation reveal Markets were in a cautiously optimistic mood ahead of the April inflation report out of the United States later on Wednesday, as investors geared up for a possible soft print this time after months of acceleration in the headline figure. [..]

Technical Analysis – AUDUSD bounces near 0.69 mark, but bearish risks linger

Posted on May 10, 2022 at 1:16 pm GMT

AUDUSD is confronting the falling red Tenkan-sen line at 0.6971 after finding fresh positive footing between the 0.6921 base, formed over the first half of July 2021, and the 0.6900 handle. Despite new positive forces, the falling simple moving averages (SMAs) are endorsing the negative picture that evolved around the beginning of April. The Ichimoku lines are indicating that downward pressures remain active, while the short-term oscillators are reflecting mixed messages in directional momentum. The MACD is flattening, implying some [..]

US Open Note – Dollar steadies as it awaits US CPI data

Posted on May 10, 2022 at 12:50 pm GMT

Fed speakers today and US CPI tomorrow in focus This week, Fed speakers will be out in full force to disseminate the latest views of the central bank. Each one of these officials has a chance to share their thoughts on current policy. Barkin did this last week and put 75 bp back on the table, stressing that he wants to raise rates “as quickly as possible.” Others at the Fed are also likely to adopt a more hawkish outlook in the coming days. But the main thing to [..]

Daily Market Comment – Stocks steadier after Wall Street selloff, dollar eases

Posted on May 10, 2022 at 9:10 am GMT

S&P 500 plunges below 4,000, Nasdaq crashes 4%, but futures turn positive today Dollar edges down as yields cool off slightly ahead of Fed speakers, US CPI Oil remains under pressure as EU waters downs Russian oil embargo Stock market rout deepens Equity markets have steadied on Tuesday as investors licked their wounds following the heavy losses at the start of the week that extended the post-Fed meeting selloff. Growth and mega-cap tech stocks led the carnage on Wall Street [..]

Week Ahead – US inflation might peak, will the dollar follow?

Posted on May 6, 2022 at 1:07 pm GMT

The Fed signaled that it will avoid shock-and-awe rate increases, putting more emphasis on avoiding a recession rather than vanquishing inflation. Another round of US inflation data is on tap next week and the Fed might finally get some good news, as the yearly CPI rate may have peaked. Is this the beginning of the end for the dollar’s supremacy? Maybe not. Inflation crest The message from the Federal Reserve this week was much softer than feared. Chairman Powell shut [..]

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