All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD bounces from 18½-month low, but tone remains bearish

Posted on January 31, 2022 at 3:44 pm GMT

AUDUSD has plotted five consecutive bullish candles after finding its feet within the 0.6963-0.6973 support band that extends back to July 2020. The simple moving averages (SMAs) are retaining a bearish mood, suggesting downside pressures remain intact despite the recent rebound from the 18½-month low of 0.6967. The red Tenkan-sen line is mirroring the pickup in buying interest, while the blue Kijun-sen has yet to confirm upside forces have secured a lead. The short-term oscillators are sending mixed messages in [..]

US Open Note – Stocks to log a sharp monthly loss; Aussie picks up steam ahead of RBA

Posted on January 31, 2022 at 2:20 pm GMT

Stock indices consolidate January’s heavy losses; Eurozone bond yields spike January has been a rough month for global stock markets as more central banks prioritized their price objectives amid the inflation storm, with the Fed finally taking investors’ side and hinting at a faster pace of rate increases this year. Of course, US earnings releases have not demonstrated any panic so far even though companies keep facing supply constraints, but the reversal of easy-money policies in the near future is [..]

Daily Market Comment – Dollar rally takes a breather, stocks rescued by dip buyers

Posted on January 31, 2022 at 10:05 am GMT

Dollar takes a step back, awaits barrage of US economic data Stocks bounce back, yen retreats as nerves calm down Three major central bank meetings and tech earnings lie ahead Risk tone improves Market volatility has returned with a vengeance this month. A sharp repricing in the trajectory for interest rates has sent nervous investors scrambling to insulate their portfolios from any further damage, mostly by reducing leverage and moving higher along the quality spectrum. Money markets have fully priced [..]

US Open Note – Market in a volatile day; dollar surges to more than 1 ½ -year high

Posted on January 28, 2022 at 1:55 pm GMT

PCE price index ticks up; Rates in US rise December’s PCE data came into focus today from investors. The core PCE price index rose from 4.8% to 4.9% year-on-year. Currently, it is the highest since September 1983 and well above the Fed’s 2% goal rate. Personal income and spending also came in at 0.3% and -0.6% m/m respectively. Because of the widespread distribution of the omicron variety, retail sales and consumption decreased in December of last year. Rates in the United States are rising, [..]

Week Ahead – Three central banks meet ahead of US jobs report

Posted on January 28, 2022 at 12:47 pm GMT

A busy week lies ahead. The Bank of England is widely expected to raise rates, the European Central Bank is unlikely to signal anything new, but the Reserve Bank of Australia could try to dampen rate hike bets. Over in America, markets have almost fully priced in five Fed rate increases for this year, so the latest edition of nonfarm payrolls could determine whether the dollar still has some miles left in the tank. BoE set for action The Bank [..]

Daily Market Comment – Wall Street’s pain not over but Apple offers hope, dollar stands tall

Posted on January 28, 2022 at 10:33 am GMT

US stocks swing into losses again but Apple pulls Nasdaq futures higher Fed fears continue to weigh on markets, dollar edges up to fresh highs Euro, aussie, kiwi lead FX losses, gold breaches $1,800/oz, but oil holds firm Stocks remain on slippery slope Wall Street’s latest attempt to bounce back from the January slump faltered again on Thursday, with all three main indices giving up earlier gains to slip into the red. Worries about persistent supply disruptions and rising costs, [..]

RBA meeting: managing rate hike expectations – Forex News Preview

Posted on January 27, 2022 at 2:54 pm GMT

The Reserve Bank of Australia announces its first policy decision of the year on Tuesday at 3:30 GMT. The last time the Bank’s governor, Philip Lowe, spoke in mid-December, he told investors he didn’t think conditions for a rate hike would be met in 2022. Since then, the labour market has tightened further, while underlying measures of inflation have crept up to their highest levels since 2014. Will the RBA update its forward guidance to bring it more in line [..]

Technical Analysis – AUDUSD refreshes downward forces, bearish risks grow

Posted on January 27, 2022 at 10:04 am GMT

AUDUSD has dipped back beneath the Ichimoku cloud rekindling the dominant bearish tone, after the 100-day simple moving average (SMA) directed the price lower. The gradual decline in the SMAs is suggesting the downward trend in the pair may endure. The Ichimoku lines are indicating that negative forces have been jump started, while the short-term oscillators are skewed to the downside. The MACD is pushing lower beneath its red trigger and zero lines, while the RSI is gliding lower in [..]

US Open Note – Dollar surges ahead of FOMC decision; stocks back in positive ground

Posted on January 26, 2022 at 1:54 pm GMT

Markets are gradually stabilizing, despite the fact that Russia-Ukraine tensions remain high. The two-day FOMC meeting concludes this afternoon. FOMC meeting ends today The Fed is widely expected to keep a hawkish stance as it prepares the market for a rate lift-off on March 15-16. This year’s three quarterly rate increases have already been factored into the market. In the absence of any new macro projections or Dot Plots, we expect Fed Chair Powell to make a very clear message [..]

US Open Note – Market awaits FOMC meeting, keeps an eye on Ukraine crisis

Posted on January 25, 2022 at 1:52 pm GMT

FOMC minutes attract attention The two-day FOMC meeting begins today and concludes tomorrow with a decision as the global economy is feeling the pain of omicron variant. The Federal Reserve is widely expected to maintain its hawkish stance as it prepares the market for liftoff at its next meeting. Anyone hoping for some form of Fed Put this week will likely be disappointed. The Federal Reserve’s top aim right now is to keep inflation under control. Because the economy is on the verge of reaching full employment and inflation [..]

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