All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD posts losses after impressive bullish day the day before

Posted on May 5, 2022 at 11:41 am GMT

AUDUSD is extending today’s losses and is currently trading below the two-week high of 0.7265 hit on Wednesday. The RSI turned lower after the pullback off the 50 level. At the moment, it continues to head lower in support of a negative short-term picture. However, the MACD oscillator is climbing above its trigger line, remaining in the negative region. The 20-day simple moving average (SMA) is crossing the 200-day SMA to the downside, indicating more losses. Further declines may meet [..]

US Open Note – US Stock futures steadier, dollar ticks slightly lower

Posted on May 3, 2022 at 2:37 pm GMT

US Treasury yields support greenback, JOLTS data eyed This is nonfarm payrolls week, and we also have central banks meeting to deliver their rate hike decisions. Today, the Federal Open Market Committee (FOMC) began its two-day meeting on interest rate policy, which will be submitted on Thursday. US stock futures have recouped earlier weakness on the back of investor jitters ahead of the Federal Reserve’s policy decision. In the presence of hot inflation and a hawkish Fed, US treasury yields remain elevated [..]

Technical Analysis – AUDUSD around 0.7100 mark but bearish risks linger

Posted on May 3, 2022 at 9:47 am GMT

AUDUSD has snagged around the 0.7100 handle, trading in between the Ichimoku lines, after the pair’s fresh bounce in the vicinity of three-month lows at 0.7029. The pair is finding difficulty to reach yesterday’s intraday high of 0.7147 despite the Reserve Bank of Australia’s larger interest rate hike earlier today, which kept the pair bid in the Asian session. That said, the bearish simple moving averages (SMAs) are endorsing the negative trajectory in the pair. Currently, the Ichimoku lines indicate [..]

US Open Note – Falling dollar breathes life into the euro; Wall Street in the red

Posted on April 29, 2022 at 1:50 pm GMT

3Dollar loses steam but is still the king The king dollar cooled off against a basket of six major currencies in the last trading day of April, having previously rapidly advanced to a two-decade high of 103.93 on the back of persisting calls for higher interest rates in the US and Ukraine-related economic risks in Europe. Still, a fourth consecutive weekly gain is more than secured for the greenback ahead of a busy week of central bank meetings and data [..]

Week Ahead – Fed and BoE rate hikes on the horizon; will RBA join in?

Posted on April 29, 2022 at 12:37 pm GMT

The Federal Reserve and Bank of England are both expected to raise interest rates in the upcoming week, though the former will likely do so by a larger increment. However, it’s much more of a puzzle what the Reserve Bank of Australia will do as pressure is mounting on the central bank to get the rate hike ball rolling in May rather than in June. It will also be a busy week for jobs data as apart from the all-important [..]

Will the RBA raise interest rates after a surprise in inflation? – Forex News Preview

Posted on April 28, 2022 at 9:59 am GMT

The Reserve Bank of Australia announces its policy decision on Tuesday at 04:30 GMT. Australia’s currency was on the verge of collapsing Thursday owing to fears of an impending European financial crisis and a weakening in China’s economy. Even if the domestic economy is strong, it’s difficult to imagine the RBA will hike rates recklessly in the face of China’s economic crisis. Will the RBA raise rates or not? A 15-basis-point rise in the Australian cash rate is all but [..]

Technical Analysis – AUDUSD unlocks 11-week low; dives below 0.7100

Posted on April 28, 2022 at 6:49 am GMT

AUDUSD plunged to an eleven-week low of 0.7074 earlier today, continuing the strong selling interest from the 0.7457 resistance level. The price is also travelling well below the 200-day simple moving average (SMA) with the technical indicators confirming the negative prospects. The MACD is holding below its trigger and zero lines, while the RSI is standing near the neutral threshold of 30. A failure to jump above the 0.7100 round number again could send the price down to 0.7050, a [..]

Technical Analysis – AUDUSD fails to annul negative bearing

Posted on April 26, 2022 at 3:30 pm GMT

AUDUSD’s bearish forces have intensified again, steering the price back to test the two-month low of 0.7134. The rolling over of the simple moving averages (SMAs), and the near completion of a bearish crossover of the longer-term 200-period SMA by the 100-period one, are signs that downward pressures in the pair are intact. Furthermore, the short-term oscillators are also reflecting this bearish outlook in the pair. The MACD, south of the zero line, although above its red trigger line, looks [..]

US Open Note – Market sentiment soft and dollar two steps ahead

Posted on April 26, 2022 at 1:47 pm GMT

Dollar remains sturdy despite retreat in US yields The key US stock indices have failed to retain their yesterday’s bounce and are aiming lower again as the resilient greenback manages to stay buoyant despite the fresh dwindling in US treasury yields. The US 10-year yield has eased to 2.77%, the 5-year yield to 2.80% and the 2-year yield to 2.56%. Even though markets have priced in an aggressive Fed and upcoming rate hike action for the United States, it seems [..]

Daily Market Comment – Safe havens jump, stocks tank as China and inflation fears intensify

Posted on April 25, 2022 at 9:40 am GMT

Dollar stretches bull run, yen and bonds rise too as China races to contain Covid outbreak Aussie leads the FX losers, Macron victory limits euro’s losses Stocks and oil plunge, no safe-haven boost for gold China struggles with zero-Covid policy A worsening outbreak of Covid-19 in China dragged risk assets lower at the start of the new trading week as stocks extended Friday’s losses while the US dollar scaled a fresh two-year high against a basket of currencies. Restrictions in [..]

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