All Articles Tagged - AUDUSD

US Open Note – US CPI data still key as today’s 10-year yield drop aids wall street

Posted on February 9, 2022 at 2:22 pm GMT

Market jitters keep volatility faint and dollar remains glued on back foot The US 10-year yield deflated to 1.927% today keeping the reserve currency on offer, with the dollar index near the lower end of its recent range at 95.40, which provided US stock futures with freshly welcomed buoyancy for a test of the latest peaks following their deep corrections from all-time highs. Nonetheless, market sentiment is still looking fragile awaiting additional volatility from the upcoming US inflation event. [..]

Daily Market Comment – US stocks bounce back as bond selloff eases, oil slips again

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

Markets lifted by Wall Street rebound as bond yields pull back slightly Dollar loses ground as traders await direction from US CPI data Oil prices dip again as progress seen in Iran nuclear talks Stocks try to shrug off bond market rout The selloff in sovereign bonds paused for breath on Wednesday, pulling their yields slightly lower after the sharp spike that followed last week’s hawkish shift by the European Central Bank. But the rally in 10-year yields is unlikely [..]

US Open Note – Yields elevated but dollar struggles to hold onto minor gains

Posted on February 8, 2022 at 1:36 pm GMT

US stock futures shaky and hawkish Lagarde backtracks Market nerves are heightened at the start of this week as long echoed factors like supply disruptions, hot employment and wage growth, are clearly revealing strong developments in price pressures, which has had global central bank action shift up a gear in one way or another. The market feeling is that central banks have been nudged on to the wagon of vigilance, ready to pounce on inflation if it starts to seriously [..]

US Open Note – Market sentiment muted and dollar holds firm

Posted on February 7, 2022 at 2:19 pm GMT

Markets prepare for ECB’s Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data and central bank meetings, the current week looks to be much quieter. The market mood is suggesting that the right boxes are getting ticked for the Fed to move ahead with tightening and a rate hike in March, especially after the huge win in the US labour market, where the US jobs report improved by 467k, more than triple the [..]

Daily Market Comment – Markets steadier after NFP shock, but on alert for US CPI data

Posted on February 7, 2022 at 10:31 am GMT

Dollar’s NFP-led rebound eases but US inflation still to come ECB rate talk intensifies as euro eyes Lagarde testimony Stocks mixed as Amazon boost capped by soaring bond yields Dollar and yields settle down after NFP excitement Markets got off to a relatively calm start on Monday following a tumultuous end to last week on the back of the shockingly strong jobs report out of the United States. Nonfarm payrolls jumped by 467k in January, confounding both the most pessimistic [..]

Technical Analysis – AUDUSD shows some improvement, reaching 0.7100

Posted on February 7, 2022 at 10:08 am GMT

AUDUSD looks to be forming a roof around the 0.7100 psychological level, which is also the 38.2% Fibonacci retracement level of the down leg from 0.7313 to 0.6966. The RSI and the MACD seem to have reached a bottom in bearish territory and are now changing direction to the upside. Traders, however, would be more eager to engage in buying activities if the price manages to surpass the nearby resistance at 0.7100. If this is successfully breached, then the rally may next rest [..]

Week Ahead – US inflation in the spotlight again, UK GDP eyed too

Posted on February 4, 2022 at 12:22 pm GMT

The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the pound’s rally lost steam after the Bank of England sent some mixed signals on the economy. The kiwi might find some love should the RBNZ’s own survey show inflation expectations are creeping higher in New Zealand. However, with earnings releases [..]

Technical Analysis – AUDUSD moves sideways after rebound falters; bias bearish

Posted on February 4, 2022 at 8:39 am GMT

AUDUSD has been trending downwards in the medium-term but managed to partially recover after the price decline ceased at the 18-month low of 0.6966. However, since then, the pair has been moving without a clear direction, while near-term risks are tilted to the downside. The momentum indicators further confirm the deterioration of the immediate-term picture as positive momentum seems to be fading. The stochastic oscillator is sloping downwards after posting a bearish crossover, at the same time the MACD histogram [..]

Technical Analysis – AUDUSD’s bullish bias in the near term could be coming to an end

Posted on February 3, 2022 at 8:10 am GMT

AUDUSD found strong support at the 18-month trough of 0.6965 in the previous week, rallying towards the 20-day simple moving average (SMA). However, the RSI indicator is suggesting a weakening bias as it is turning lower in the negative region, while the MACD is still holding below the zero level but is strengthening its positive move. Should the price retreat, the 0.6990 barrier and the 18-month low of 0.6965, which the bears were unable to break the previous week, could provide immediate support. Moving [..]

Daily Market Comment – Euro gets some relief, stocks rip higher

Posted on February 1, 2022 at 9:52 am GMT

Euro bounces back as markets price in more ECB tightening Stock markets power higher, has the storm passed? Aussie unscathed by RBA, earnings season continues Euro recovers Market participants are raising their bets that the European Central Bank will hike interest rates this year. A quarter-point rate increase has been fully baked into money markets after data showed that German inflationary pressures are not cooling, despite recent covid restrictions and fading effects from an increase in sales taxes last year. [..]

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