All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD bullish efforts suppressed by 100-MA

Posted on February 17, 2022 at 9:37 am GMT

AUDUSD is struggling to stretch north of the Ichimoku cloud and the 100-day simple moving average (SMA) after the price bounce within the 0.6963-0.7020 base. The SMAs are endorsing a bearish bias in the pair with the 100- and 200-day SMAs specifically safeguarding the one-year decline from the three-year peak of 0.8006. Currently, the Ichimoku lines do not reflect strong driving forces, while the short-term oscillators convey a picture where positive momentum is gaining strength. The MACD is holding above [..]

US Open Note – FOMC minutes next on the radar; Canada CPI surprises

Posted on February 16, 2022 at 2:05 pm GMT

US retail sales beat estimates; FOMC minutes next on the agenda The minutes of the Federal Reserve’s last meeting are on investor’s radar today and will be looking for details on its plans to reduce its enormous balance sheet and raise interest rates in 2022, as well as its evolving outlook on inflation. At the meeting on January 25-26, policymakers agreed that raising the Fed’s benchmark overnight interest rate from near-zero would be “soon appropriate” and discussed the future of the $9 trillion in securities owned by the central bank. [..]

Australia employment report next in focus after RBA minutes; aussie retreats – Forex News Preview

Posted on February 15, 2022 at 11:29 am GMT

The Australian dollar has been in a downward move over the last several days ahead of the employment data for December, which is due out on Thursday at 00:30 GMT and is expected to garner significant attention. Following the discussion in January, the expectation is that the cash rate is predicted to rise in August 2022 and reach 1.75% in March 2024. The RBA’s tightening cycle is expected to start in February 2023 and last until August 2022. The Governor said that [..]

Technical Analysis – AUDUSD extends decline as negative forces linger

Posted on February 14, 2022 at 9:44 am GMT

AUDUSD has been marching higher since late January when the price managed to cease its downtrend at the 18-month low of 0.6966. However, in the last few four-hour sessions the pair has been experiencing a sharp dip after the 0.7248 level rejected any further advances. The short-term oscillators further reinforce that selling pressure has intensified. The MACD histogram has dived below both zero and its red signal line, while the RSI is sloping downwards beneath the 50-neutral mark. Furthermore, the [..]

US Open Note – The ‘hot’ US inflation figures rattle the markets

Posted on February 11, 2022 at 1:39 pm GMT

CPI figures drive interest rate speculation The US consumer price index (CPI) climbed to 7.5% year-over-year in January, accelerating from the previous reading of 7%. The core measure also topped consensus expectations rising to 6%, marking its largest annual gain since 1982. Commenting soon after yesterday’s inflation data release, the FOMC voting member James Bullard called for a full percentage rate hike by July, noting that he would also be open for an inter-meeting rate increase. The hotter-than-expected inflation readings fuelled speculation for a [..]

Technical Analysis – AUDUSD falls after the spike to 0.7250

Posted on February 11, 2022 at 12:44 pm GMT

AUDUSD continues to decline for the second consecutive day after the spike to the 0.7250 barrier, though the bearish move remains constrained within the 20- and 40-day simple moving averages (SMAs). The RSI indicator is heading down from the neutral threshold of 50, mirroring the latest downside move on the price. The Stochastic is also following lower after finding resistance at the 80 level, with the %K and %D lines posting a bearish cross. If the price declines further, the next target could be the [..]

Daily Market Comment – Markets bet on Fed ‘shock and awe’ after scorching hot inflation

Posted on February 11, 2022 at 10:27 am GMT

US inflation surges again, yields jump, dollar whipsaws, stocks sink Bullard stokes speculation of Fed front-loading rate hikes Euro and aussie tumble after Lagarde and Lowe push back CPI shock sparks erratic moves as no peak in sight Investors were scrambling to reprice a much steeper rate hike path by the Fed on Friday following another red-hot inflation report. The US consumer price index rose 0.6% month-on-month in January, beating forecasts of 0.5% and unchanged from the prior month’s upwardly [..]

US Open Note – US inflation hits fastest pace in four decades

Posted on February 10, 2022 at 2:27 pm GMT

CPI data come in ‘hot’; dollar surges US inflation for January has reached its highest level since February 1982, with the headline CPI rate coming hotter-than-expected at 7.5%. The core CPI measure rose to 6% from 5.5% y/y, while the m/m number came in at 0.6% compared to consensus estimates of 0.5%. The elevated readings could further increase bets for more aggressive interest rate hikes, inducing more volatility into the stock and bond markets. In the aftermath of the inflation data [..]

Daily Market Comment – Stocks buoyant ahead of US CPI, dollar holds steady

Posted on February 10, 2022 at 9:50 am GMT

Wall Street extends climb out of January pit, but futures ease as CPI data awaited Dollar edges sideways as traders seek direction from US price growth Gold hits two-week high amid uncertainty about inflation and Fed policy Stocks turn cautious before US inflation release The improved risk tone is holding ahead of the all-important inflation numbers out of the United States later on Thursday. Stocks on Wall Street jumped higher for a second day on Wednesday, erasing the losses from [..]

Technical Analysis – AUDUSD crosses key barrier; bullish double bottom in progress

Posted on February 10, 2022 at 8:07 am GMT

AUDUSD is in the second consecutive week of gains around 0.7180, having marginally surpassed its shorter-term simple moving averages (SMA), which had been controlling bullish forces more vitally since mid-January onwards. Notably, the pair has also overcome the restrictive 200-SMA in the weekly chart. Of course, the soft bullish breakout still requires confirmation, but with the RSI rising above its 50 neutral mark, the MACD recovering above its red signal line, and the Stochastics pivoting northwards again, the current positive [..]

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