All Articles Tagged - AUDUSD

Daily Market Comment – Worries of nuclear accident wound euro, US jobs report next

Posted on March 4, 2022 at 9:39 am GMT

Fire at Ukrainian nuclear power plant gets extinguished Markets terrified initially but most assets retrace losses Euro is the exception – US nonfarm payrolls coming up next Nuclear catastrophe averted Russian forces attacked and captured Europe’s largest nuclear power plant. A nearby building was set ablaze from the intense shelling, sparking fears of a nuclear disaster similar to Chernobyl, until Ukrainian authorities reported the fire had been extinguished and the US Energy Secretary confirmed radiation levels remain normal. The initial [..]

Technical Analysis – AUDUSD completes double bottom formation; 200-SMA next in focus

Posted on March 3, 2022 at 7:55 am GMT

AUDUSD closed above the neckline of the bullish double bottom formation at 0.7274 on Wednesday, and while the price keeps ascending within the 0.7300 territory today, the 200-day simple moving average (SMA) overhead at 0.7320 could still ruin the latest progress in the market as it did in October. Overbought conditions have not been confirmed yet as the rising RSI is still some distance away 70, while the Stochastics have just crossed above 80 and continue to strengthen. The MACD, which has overcome its previous [..]

Technical Analysis – AUDUSD rises somewhat with the next stop at the 200-day SMA

Posted on March 2, 2022 at 2:05 pm GMT

AUDUSD is pushing for a positive move, remaining well above the 18-month high of 0.6965 and the short-term ascending trend lin. The MACD oscillator is rising above its trigger and zero lines, while the RSI is moving up with weak momentum above the neutral threshold of 50. In trend indicators, the 20- and 40-day simple moving averages (SMAs) are creating a positive cross, suggesting more bullish actions. If the price jumps above the immediate resistance of 0.7283, the next key [..]

US Open Note – Ukraine negotiations fail, and Putin intensifies attacks

Posted on March 1, 2022 at 2:18 pm GMT

Risk-off mood returns, US ISM manufacturing ahead It seems the next few weeks will be pivotal for volatility as Russia declared it would continue its attacks until its goals were met. The retreat in US stock futures is signalling a risk-off mood, and the USD/JPY pair is also expressing some risk-off tendencies, slipping to 114.80. That said, the dollar index is holding above the 97.00 mark and should risk appetite continue to wane, it appears the way up for the [..]

Technical Analysis – AUDUSD rally eyes longer-term descending trend lines

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

AUDUSD is testing the 0.7283-0.7293 resistance barrier after extending yesterday’s intense rally, which filled a recorded gap in the pair and reinstated the one-month bullish mood that began from the 18½-month low of 0.6967. The rising 50- and 100-period simple moving averages (SMAs) are sponsoring improvements in the pair. The short-term oscillators are skewed to the upside, reflecting growing positive momentum. The MACD, north of the zero line, is soaring above its red trigger line, while the RSI is improving [..]

RBA is expected to leave rates steady for now; aussie near $0.72– Forex News Preview

Posted on February 28, 2022 at 7:56 am GMT

The Reserve Bank of Australia announces its policy decision on Tuesday at 3:30 GMT. The RBA Board meetings in 2022 will be particularly important because of the possibility that the RBA may raise interest rates, which would be the first increase in 12 years, and the first hike since November 2010, if this occurs. It is expected that at this meeting, the cash rate will remain at its record low of 0.1%. Also, will the Russia-Ukraine war affect the country’s [..]

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Posted on February 25, 2022 at 2:33 pm GMT

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days. Even though nothing is certain at this point, the fact that Ukraine’s Western allies prefer to play the sanction game with Moscow instead of sending NATO forces, is feeding some hopes that the worst-case scenario of a broader full-scale war could be prevented, especially if Ukraine president’s requests for dialogue [..]

Week Ahead – NFP report, BoC meeting, Eurozone inflation might detract from Ukraine turmoil

Posted on February 25, 2022 at 2:00 pm GMT

With a full-blown conflict in Ukraine now underway, there will be plenty of distractions for the markets in the upcoming week in the form of the latest jobs report out of the United States, Eurozone inflation numbers and a policy meeting by the Bank of Canada. Australian and Canadian GDP figures will be on investors’ radar too, while the scheduled monthly gathering of OPEC and non-OPEC countries could make for an awkward gathering amid international anger at key partner Russia’s [..]

Daily Market Comment – Big tech defies Ukraine crisis to stage massive turnaround

Posted on February 25, 2022 at 10:25 am GMT

Wall Street in sharp reversal as fears over Ukraine fallout ease a little Global equities also perk up, dollar retreats slightly, but oil extends gains Immediate focus back on inflation and Fed policy ahead of US data Russia moves in on Kyiv but markets steadier for now After a highly turbulent week, the mood brightened somewhat on Friday even as the tragedy unfolded in Ukraine. Stock markets around the world were rebounding from yesterday’s dramatic selloff when Russia invaded Ukraine, [..]

US Open Note – Stocks sink and commodities surge as Russia invades Ukraine

Posted on February 24, 2022 at 2:04 pm GMT

Russia attacks Ukraine; investors flee to safe havens The Russian President Vladimir Putin has ordered a full-scale invasion of Ukraine earlier today, moving troops and bombing several military targets across the country. According to Moscow, the move aims to demilitarize Ukraine, blaming the US and its allies for breaching a ‘red line’ by trying to further expand NATO eastwards in an attempt to pressure and blackmail Russia. Western powers have condemned the military assault, vowing to impose harsh economic sanctions. [..]

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