All Articles Tagged - AUDUSD

Daily Market Comment – Stocks crash, oil surges as Russia attacks Ukraine

Posted on February 24, 2022 at 10:14 am GMT

Markets in turmoil after Putin launches military assault on Ukraine Stocks tank, rouble plummets, while gold, oil and gas futures jump Dollar, yen and franc only gainers in FX sphere Fears of full-scale invasion as Ukraine crisis deepens Traders in Europe and around the world woke up to a dark day on Thursday after Russia’s latest actions confirmed the West’s worst fears about Ukraine. Russian President Vladimir Putin has ordered a “special military operation”, targeting military infrastructure in the east [..]

Technical Analysis – AUDUSD returns back below the falling trend line

Posted on February 24, 2022 at 8:35 am GMT

AUDUSD is heading south after failing to have a closing day above the 0.7250 resistance and touching the 40-day simple moving average (SMA) lower. The MACD oscillator is losing momentum above its trigger and zero lines, while the RSI is sloping down near the neutral threshold of 50 in the short-term. Further declines may meet support around the 20-day SMA at 0.7145 before tumbling to the 0.7050 support. Not far below, support could occur around the 0.6990 barier, while even [..]

US Open Note – Mild sanctions improve the risk-on sentiment for now

Posted on February 23, 2022 at 1:32 pm GMT

Geopolitical ‘drama’ dominates the markets The West has implemented a set of sanctions against Russia after President Putin recognized the independence of the two breakaway regions in Ukraine, moving ‘peacekeeping’ troops into the area. The advance was interpreted as the beginning of an invasion by global leaders, as Moscow stressed that the region considered independent is not limited to the area controlled by the separatists, but extends to areas currently controlled by Kiev. However, initial sanctions were perceived to be [..]

Daily Market Comment – Modest sanctions help soothe fears about Ukraine fallout

Posted on February 23, 2022 at 10:19 am GMT

S&P 500 enters correction territory as sanctions on Russia mount But nerves later steady as market impact seen limited, oil and gold slip Kiwi jumps on hawkish RBNZ, aussie outperforms too as dollar stays soft Markets wary but less worried about Ukraine conflict The market mood steadied on Wednesday, having wavered on Tuesday as the Ukraine crisis unfolded, with the United States and its allies slapping sanctions on Russia for ordering troops into Ukraine’s separatist regions. Washington has made it [..]

Daily Market Comment – Stocks plunge, oil surges as Russian troops enter breakaway regions

Posted on February 22, 2022 at 10:27 am GMT

Escalating conflict in Ukraine ravages risk assets as stocks sink, Russian rouble tumbles Oil and metal prices soar on supply fears but gold stumbles FX markets relatively steady as Fed policy uncertainty holds dollar in tight range Equities tank as Russia, Ukraine on the brink of war Global stock markets sank deep into the red on Tuesday, extending Monday’s losses, with US equities likely joining the selloff today when Wall Street traders return from a long holiday weekend. US, UK [..]

Will Australia wage data give a hint for a rate hike? – Forex News Preview

Posted on February 21, 2022 at 2:07 pm GMT

It’s encouraging to see the Reserve Bank of Australia consider raising interest rates in 2023, which is next year’s target date for Australia. Wage growth is one factor the RBA is considering when determining how soon it will begin raising interest rates. For analysing the immediate threats from rising inflation, Wednesday’s release of the wage price index for Q4 could be an important piece of the puzzle for policymakers. The Australian dollar has made a remarkable recovery from the 18-month lows it [..]

Daily Market Comment – Ukraine summit hopes lift euro, gold elevated but off highs

Posted on February 21, 2022 at 10:51 am GMT

Biden and Putin agree to hold talks as Russia and Ukraine on the brink of war Gold’s advance halted at $1,900/oz as risk tone recovers Euro is revived, strong PMIs help too; dollar and yen pull back Ukraine headlines remain in driving seat Simmering tensions over Ukraine continued to keep investors on edge at the start of the new trading week even as hopes of a peaceful resolution for the crisis were kept alive by a last-ditch effort by France. [..]

Technical Analysis – AUDUSD marks yet more higher lows as bullish forces linger

Posted on February 21, 2022 at 8:05 am GMT

AUDUSD has powered back from its 19-month low in late January, marking yet more higher lows as positive momentum resurfaces. Moreover, the pair is trading above its 50- and 200-period simple moving averages (SMAs), with the former crossing recently above the latter, reinforcing the thesis for a sustained bullish outlook. Short-term momentum indicators are reflecting a mixed picture as the RSI is located above its 50 neutral mark. However, the MACD is found below its red signal line despite being [..]

Technical Analysis – AUDUSD minor ascent active but broader trend bearish

Posted on February 18, 2022 at 2:18 pm GMT

AUDUSD is trading north of the simple moving averages (SMAs), exhibiting a bullish bearing from the end of January, off an 18½-month low of 0.6967. The longer term 100- and 200-period SMAs are reflecting a short-term neutral trend, while the near completion of a bullish crossover of the 200-period SMA by the climbing 50-period SMA, is suggesting the hike in the pair may strengthen. Currently, the Ichimoku lines are indicating positive forces are in play, while the short-term oscillators suggest [..]

Week Ahead – PCE inflation, flash PMIs, RBNZ meeting lined up as Ukraine tensions linger

Posted on February 18, 2022 at 2:05 pm GMT

The Reserve Bank of New Zealand is poised to raise interest rates for a third time next week. But will it pull the 50 basis points trigger this time, setting a precedent for other central banks? In a week where PCE inflation numbers will be in focus in the United States, the RBNZ’s actions could have rippling effects for Fed policy speculation. Elsewhere, the flash PMI readings for February will be the centre of attention as consumers face a growing [..]

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